<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMAITON EXTRACTED FROM THE
FINANCIAL STATEMENTS OF CERES FUND LP FOR THE YEAR ENDED DECEMBER 31, 1998 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                         140,972
<SECURITIES>                                 5,374,344
<RECEIVABLES>                                    2,973
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             5,504,092
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               5,504,092
<CURRENT-LIABILITIES>                          218,504
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   5,285,588
<TOTAL-LIABILITY-AND-EQUITY>                 5,504,092
<SALES>                                       (982,623)
<TOTAL-REVENUES>                              (609,288)
<CGS>                                                0
<TOTAL-COSTS>                                1,115,634
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                (1,724,922)
<EPS-PRIMARY>                                   (50.01)
<EPS-DILUTED>                                        0