GLOBAL OPPORTUNITY FUND LP
10-Q/A, 1996-08-14
INVESTORS, NEC
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<PAGE>
                          UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                       WASHINGTON D.C. 20549

                             FORM 10-Q/A


 X   Quarterly report pursuant to Section 13 or 15(d) of the
- ---  Securities Exchange Act of 1934

For the quarterly period ended March 31, 1996 or

- ---  Transition report pursuant to Section 13 or 15(d) of the
     Securities Exchange Act of 1934

For the transition period from _____________ to ____________     

Commission File Number 0-22640                               


                The Global Opportunity Fund L.P.                
- ----------------------------------------------------------------- 
     (Exact name of registrant as specified in its charter)


            Illinois                            36-3824101      
- ----------------------------------------------------------------- 
   (State or other jurisdiction of           (IRS Employer
    incorporation or organization)         Identification No.)



  c/o Rodman & Renshaw Futures Management, Inc.
  233 South Wacker Drive, Suite 4500  
  Chicago, Illinois                                 60606       
        (Address of principal                     (Zip Code)
          executive offices) 


                        (312)  526-2000                         
- ----------------------------------------------------------------- 
       (Registrant's telephone number, including area code)


Indicate by checkmark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
                                                YES X    NO      
                                                   ---     ---

Amended Items:  Item 6.  Exhibits and Reports on Form 8-K.
<PAGE>
PART II.  OTHER INFORMATION


Item 6.   Exhibits and Reports on Form 8-K.


(a)   Exhibits.
      Exhibit 27, Financial Data Schedule

(b)   Reports on Form 8-K.
      None
<PAGE>
                            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 thereunto duly authorized. 


                 The Global Opportunity Fund L.P.
                           (Registrant)

BY: Rodman & Renshaw Futures Management, Inc., General Partner




BY:  /s/
PAUL M. DILLON
        --------------   
    Paul M. Dillon, Director and President
     
Date: August 12, 1996
<PAGE>
                              EXHIBIT INDEX

Exhibit 27     Article 5 Financial Data Schedule

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>
                
<ARTICLE>             5
       
<S>                                       <C>
<PERIOD-TYPE>                             3-MOS
<FISCAL-YEAR-END>                         DEC-31-1996
<PERIOD-END>                              MAR-31-1996
<CASH>                                      1,726,823
<SECURITIES>                                  527,146 <F1>
<RECEIVABLES>                                  19,692
<ALLOWANCES>                                        0
<INVENTORY>                                         0
<CURRENT-ASSETS>                            2,273,661
<PP&E>                                              0
<DEPRECIATION>                                      0
<TOTAL-ASSETS>                              2,273,661
<CURRENT-LIABILITIES>                          96,360
<BONDS>                                             0
                               0
                                         0
<COMMON>                                            0
<OTHER-SE>                                  2,177,301 <F2>
<TOTAL LIABILITY-AND-EQUITY>                2,273,661 
<SALES>                                             0
<TOTAL-REVENUES>                             (588,633)
<CGS>                                               0
<TOTAL-COSTS>                                  73,721
<OTHER-EXPENSES>                                    0
<LOSS-PROVISION>                                    0
<INTEREST-EXPENSE>                                  0
<INCOME-PRETAX>                              (662,354)
<INCOME-TAX>                                        0 
<INCOME-CONTINUING>                          (662,354)
<DISCONTINUED>                                      0
<EXTRAORDINARY>                                     0
<CHANGES>                                           0
<NET-INCOME>                                 (662,354)
<EPS-PRIMARY>                                  (27.42) <F3>
<EPS-DILUTED>                                       0 

<FN>
<F1>
This figure represents $336,953 of U.S. Treasury securities and
$190,193 of unrealized gain on open contracts.
<F2>
This figures represents $2,127,621 of Limited Partners' Capital
and $49,680 of General Partner's Capital.
<F3>
The net earnings per unit for a Limited Partner is ($27.42).  The
net earnings per unit for the General Partner is ($27.98).
</FN>
        

</TABLE>


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