We present the first experimental study of the ratio of cumulant to fa
ctorial moments of the charged-particle multiplicity distribution in h
igh-energy particle interactions, using hadronic Z(0) decays collected
by the SLD experiment at SLAG. We find that this ratio, as a function
of the moment-rank q, decreases sharply to a negative minimum at q =
5, which is followed by quasi-oscillations. These features are insensi
tive to experimental systematic effects and are in qualitative agreeme
nt with expectations from next-to-next-to-leading-order perturbative Q
CD.