<ARTICLE>                     5
<LEGEND>
     THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE 
STATEMENT OF FINANCIAL CONDITION AT SEPTEMBER 30, 1998 (UNAUDITED) AND THE 
STATEMENT OF INCOME FOR THE NINE MONTHS ENDED SEPTEMER 30, 1998 (UNAUDITED)
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>                         0001018675
<NAME>                        QUINTESSENCE OIL COMPANY
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                              DEC-31-1998
<PERIOD-START>                                 JUL-01-1998
<PERIOD-END>                                   SEP-30-1998
<CASH>                                         26,161
<SECURITIES>                                   0
<RECEIVABLES>                                  0
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               26,161
<PP&E>                                         0
<DEPRECIATION>                                 0
<TOTAL-ASSETS>                                 32,661
<CURRENT-LIABILITIES>                          0
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       10
<OTHER-SE>                                     42,490
<TOTAL-LIABILITY-AND-EQUITY>                   32,661
<SALES>                                        0
<TOTAL-REVENUES>                               0
<CGS>                                          0
<TOTAL-COSTS>                                  0
<OTHER-EXPENSES>                               2,947
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             0
<INCOME-PRETAX>                                (2,947)
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            (2,947)
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (2,947)
<EPS-PRIMARY>                                  (.003)
<EPS-DILUTED>                                  (.003)