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008 B000001 A
008 C000001 801-45641
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10022
010 A000001 WILLIAM D. WITTER, INC.
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10022
013 A000001 ANCHIN, BLOCK & ANCHIN LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10018
015 A000001 BEAR STEARNS SECURITIES CORP.
015 B000001 C
015 C010001 BROOKLYN
015 C020001 NY
015 C030001 11201
<PAGE> PAGE 2
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018 000000 Y
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020 A000001 FAHNESTOCK & CO. INC.
020 B000001 13-5657518
020 C000001 44
020 A000002 ING BARING FURMAN SELZ LLC
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020 C000002 40
020 A000003 RICE VOELKER
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<PAGE> PAGE 3
022 A000005 ROBINSON HUMPHREY CO. INC.
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<PAGE> PAGE 4
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<PAGE> PAGE 7
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SIGNATURE WILLIAM D. WITTER
TITLE GENERAL PARTNER
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 24983
<INVESTMENTS-AT-VALUE> 29233
<RECEIVABLES> 0
<ASSETS-OTHER> 23
<OTHER-ITEMS-ASSETS> 1031
<TOTAL-ASSETS> 30287
<PAYABLE-FOR-SECURITIES> 2685
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6086
<TOTAL-LIABILITIES> 8771
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 860
<SHARES-COMMON-PRIOR> 906
<ACCUMULATED-NII-CURRENT> 0<F1>
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4753
<NET-ASSETS> 21516
<DIVIDEND-INCOME> 156
<INTEREST-INCOME> 103
<OTHER-INCOME> 0
<EXPENSES-NET> 444
<NET-INVESTMENT-INCOME> (185)
<REALIZED-GAINS-CURRENT> 150
<APPREC-INCREASE-CURRENT> 262
<NET-CHANGE-FROM-OPS> 412
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> (3197)<F2>
<NUMBER-OF-SHARES-SOLD> (46)
<NUMBER-OF-SHARES-REDEEMED> 128
<SHARES-REINVESTED> 9<F3>
<NET-CHANGE-IN-ASSETS> (1145)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 124
<GROSS-EXPENSE> 444
<AVERAGE-NET-ASSETS> 23949
<PER-SHARE-NAV-BEGIN> 25000
<PER-SHARE-NII> 0<F4>
<PER-SHARE-GAIN-APPREC> 0<F4>
<PER-SHARE-DIVIDEND> 0<F4>
<PER-SHARE-DISTRIBUTIONS> 0<F4>
<RETURNS-OF-CAPITAL> 0<F5>
<PER-SHARE-NAV-END> 25000
<EXPENSE-RATIO> 1.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>This item is not applicable to Financial Statements
of a Partnership.
<F2>This amount represents repurchases of Units.
<F3>The Fund allocates additional units at the close of each
fiscal period in order to maintain a $25,000 price per
unit. This is the amount shown here as reinvested.
<F4>These are not meaningful for the Partnership.
<F5>No amounts are shown here as they may be misleading.
The returns vary depending on when a partner invested.
</FN>
</TABLE>
