ML TECHNOLOGY VENTURES LP
8-K, 1997-08-28
COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH
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                                              SECURITIES AND EXCHANGE COMMISSION

                                                    WASHINGTON, D.C. 20549

                                                          ----------

                                                           FORM 8-K

                                                        CURRENT REPORT

                                         PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  August 27, 1997



                          ML TECHNOLOGY VENTURES, L.P.
===============================================================================
             (Exact name of registrant as specified in its charter)


Delaware                                                            13-3213176
==============================================================================
(State or other jurisdiction of           (I.R.S. Employer Identification No.)
incorporation or organization)


World Financial Center, North Tower
New York, New York                                                   10281-1326
===============================================================================
(Address of principal executive offices)                             (Zip Code)


Registrant's telephone number, including area code:  (212) 449-1000



<PAGE>


===============================================================================


<PAGE>


                          ML TECHNOLOGY VENTURES, L.P.
===============================================================================


Item 5.  Other Events.

In August  1997,  MLR&D Co.,  L.P.,  the  General  Partner  of the  Partnership,
approved a cash  distribution  totaling  $7,330,062  to be paid to  Partners  in
October  1997.  Limited  Partners  of record  on  October  1, 1997 will  receive
$6,909,400,  or $100 per unit of limited partnership  interest,  and the General
Partners will receive $420,662.








                                   SIGNATURES


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


ML Technology Ventures, L.P.

By:      ML R&D Co., L.P.
         its General Partner

By:      Merrill Lynch R&D Management Inc.
         its General Partner

By:      /s/        Diane T. Herte                      Date:  August 28, 1997
         -----------------------------------------             ---------------
         Diane T. Herte
         Vice President and Treasurer
         (Principal Financial and Accounting Officer)


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