Exhibit 10.10

June 30, 2007

AAA Capital Management Inc.
1300 Post Oak Blvd. #350
Houston, Texas 77056

Attention: Mr. Anthony Annunziato

Re: Management Agreements Renewal

Dear Mr. Annunziato:

We are writing with respect to your management agreements concerning the
commodity pools to which reference is made below (the ‘‘Management
Agreements’’). We are extending the term of the Management Agreements through
June 30, 2008 and all other provisions of the Management Agreements will remain
unchanged.

•    Salomon Smith Barney AAA Energy Fund L.P. II

Please acknowledge receipt of this modification by signing one copy of this
letter and returning it to the attention of Ms. Jennifer Magro at the address
above or fax to 212-793-1986. If you have any questions I can be reached at
212-559-5046.

Very truly yours,

CITIGROUP MANAGED FUTURES LLC

[spacer.gif] [spacer.gif] By:  /s/ Jennifer Magro
Jennifer Magro
Chief Financial Officer & Director

[spacer.gif] [spacer.gif] By:  /s/ Anthony Annunziato

Print Name    Anthony Annunziato

DRMcA/sr

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