ML PRINCIPAL PROTECTION LP
10-Q, EX-27, 2000-11-14
REAL ESTATE INVESTMENT TRUSTS
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<TABLE> <S> <C>

<PAGE>
<ARTICLE> BD
<CIK> 0000917259
<NAME> ML PRINCIPAL PROTECTION LP

<S>                             <C>                     <C>
<PERIOD-TYPE>                   9-MOS                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000             DEC-31-1999
<PERIOD-START>                             JAN-01-2000             JAN-01-1999
<PERIOD-END>                               SEP-30-2000             SEP-30-1999
<CASH>                                               0                   1,821
<RECEIVABLES>                                2,443,655               7,255,964
<SECURITIES-RESALE>                                  0                       0
<SECURITIES-BORROWED>                                0                       0
<INSTRUMENTS-OWNED>                         26,070,306              49,314,477
<PP&E>                                               0                       0
<TOTAL-ASSETS>                              28,513,961              56,572,262
<SHORT-TERM>                                         0                       0
<PAYABLES>                                   1,550,241               5,081,497
<REPOS-SOLD>                                         0                       0
<SECURITIES-LOANED>                                  0                       0
<INSTRUMENTS-SOLD>                                   0                       0
<LONG-TERM>                                          0                       0
                                0                       0
                                          0                       0
<COMMON>                                             0                       0
<OTHER-SE>                                  26,963,720              51,490,765
<TOTAL-LIABILITY-AND-EQUITY>                28,513,961              56,572,262
<TRADING-REVENUE>                            (813,059)                 670,487
<INTEREST-DIVIDENDS>                           763,760               2,604,988
<COMMISSIONS>                              (1,415,927)               3,591,098
<INVESTMENT-BANKING-REVENUES>                        0                       0
<FEE-REVENUE>                                        0                       0
<INTEREST-EXPENSE>                                   0                       0
<COMPENSATION>                                       0                       0
<INCOME-PRETAX>                            (1,465,226)               (315,623)
<INCOME-PRE-EXTRAORDINARY>                 (1,465,226)               (315,623)
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                               (1,465,226)               (315,623)
<EPS-BASIC>                                     (4.43)                  (0.51)
<EPS-DILUTED>                                   (4.43)                  (0.51)


</TABLE>


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