UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 10-Q
  (X) QUARTERLY
    REPORT PURSUANT TO SECTION 13 or 15(d)
  OF THE SECURITIES EXCHANGE ACT OF 1934
  For the
    Quarterly Period ended March 31, 2009
  OR ( )
    TRANSITION REPORT PURSUANT TO SECTION 13 OR
15(d)
  OF THE SECURITIES EXCHANGE ACT OF 1934
  
  000-52602
  SMITH
    BARNEY BRISTOL ENERGY FUND L.P.
    New York

20-2718952(State or other jurisdiction of


(I.R.S. Employerincorporation or organization)


Identification No.
)   c/o Citigroup
    Managed Futures LLC
    55 East 59th Street, 10th Floor
    New York, New York 10022
  (Address of
    principal executive offices) (Zip Code)
  (212) 559-2011
  (Registrants
    telephone number, including area code)
    Yes X  No
  S-T
 Yes   No
  12b-2
  Large
    accelerated filer
    Accelerated filer
    Non
    Accelerated filer X
    Smaller
reporting company  rule 12b-2
  Yes   No X




---



##### 



SMITH
    BARNEY BRISTOL ENERGY FUND L.P.
  FORM 10-Q
  INDEX
  PageNumberPART I - Financial Information:Item 1.

Financial Statements:Statements of Financial Condition at March 31,
    2009 and December 31, 2008 (unaudited)

3Statements of Income and Expenses
    and Partners Capital for the three 
    months ended March 31, 2009 and 2008
    (unaudited)

4Notes to Financial Statements, including the Financial
    Statements of CMF SandRidge Master Fund L.P.
    (unaudited)

5  14Item 2.

Managements Discussion and
    Analysis of Financial Condition
    and Results of Operations

15  18Item 3.

Quantitative and Qualitative
    Disclosures about Market Risk

19Item 4T.

Controls and Procedures

20PART II - Other Information

21  24  2




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##### 



PART I  Item 1.
    Financial Statements  Smith
    Barney Bristol Energy Fund L.P.
    Statements of Financial Condition
    (Unaudited)  March 31,
    
    
    December 31,2009
    
    
    2008Assets:Investment in Master, at fair value
    
    $
    368,543,365
    
    
    $
    338,731,012Cash
    
    
    228,901
    
    
    
    226,979Total assets
    
    $
    368,772,266
    
    
    $
    338,957,991Liabilities and Partners Capital:Liabilities:Accrued expenses:Brokerage commissions
    
    $
    1,152,413
    
    
    $
    1,059,244Advisory fees
    
    
    612,444
    
    
    
    562,931Administrative fees
    
    
    153,111
    
    
    
    140,733Other
    
    
    153,615
    
    
    
    140,291Redemptions payable
    
    
    3,003,259
    
    
    
    4,915,940Total liabilities
    
    
    5,074,842
    
    
    
    6,819,139Partners Capital:General
Partner, 1,885.0346 Unit equivalent outstanding at March 31, 2009 and
December 31, 2008, respectively
    
    
    2,964,047
    
    
    
    2,764,893Special
Limited Partner, 8,230.0213 Redeemable
Units outstanding at March 31, 2009 and December 31, 2008, respectively
    
    
    12,940,968
    
    
    
    12,071,466Limited
Partners, 221,183.9905 and 216,328.0911 Redeemable Units
of Limited Partnership Interest outstanding at March 31, 2009
and December 31, 2008, respectively
    
    
    347,792,409
    
    
    
    317,302,493Total partners capital
    
    
    363,697,424
    
    
    
    332,138,852Total liabilities and partners capital
    
    $
    368,772,266
    
    
    $
    338,957,991
   3




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##### 



Smith
    Barney Bristol Energy Fund L.P.
    Statements of Income and Expenses and Partners Capital
    (Unaudited) Three Months EndedMarch 31,2009
    
    
    2008Income:Net realized gains (losses) on closed contracts
allocated from Master
    
    $
    (83,054,138
    )
    
    $
    (10,857,075
    )Change in net unrealized (losses) gains on
open contracts allocated from Master
    
    
    113,401,826
    
    
    
    50,419,783Interest income allocated from Master
    
    
    77,243
    
    
    
    892,866Expenses allocated from Master
    
    
    (182,207
    )
    
    
    (120,583
    )Total income (loss)
    
    
    30,242,724
    
    
    
    40,334,991Expenses:Brokerage commissions
    
    
    3,366,451
    
    
    
    2,160,523Advisory fees
    
    
    1,789,130
    
    
    
    1,148,260Administrative fees
    
    
    447,283
    
    
    
    287,064Other
    
    
    64,609
    
    
    
    76,971Total expenses
    
    
    5,667,473
    
    
    
    3,672,818Net income
(loss) before allocation to Special Limited Partner
    
    
    24,575,251
    
    
    
    36,662,173Allocation to Special Limited Partners
    
    
    
    
    
    
    (6,728,374
    )Net income
(loss) after allocation to Special Limited Partner
    
    
    24,575,251
    
    
    
    29,933,799Additions
 Special Limited Partner
    
    
    
    
    
    
    6,728,374Additions  Limited Partners
    
    
    18,594,000
    
    
    
    12,842,000Redemptions  Limited Partners
    
    
    (11,610,679
    )
    
    
    (7,373,701
    )Net increase
(decrease) in Partners Capital
    
    
    31,558,572
    
    
    
    42,130,472Partners Capital, beginning of period
    
    
    332,138,852
    
    
    
    205,188,763Partners Capital, end of period
    
    $
    363,697,424
    
    
    $
    247,319,235Net Asset Value per Unit
(231,299.0464 and 176,135.9544 Units outstanding
at March 31, 2009 and 2008, respectively)
    
    $
    1,572.41
    
    
    $
    1,404.14Net income per Redeemable Unit of Limited Partnership
Interest and General Partner Unit equivalent
    
    $
    105.65
    
    
    $
    174.09
   4




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##### 



Smith
    Barney Bristol Energy Fund L.P.Notes to Financial Statements
    March 31, 2009
    (Unaudited)
  1.
    General:      Global Wealth Management
        Form 10-K
       5




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##### 



Smith
    Barney Bristol Energy Fund L.P.
    Notes to Financial Statements
March 31, 2009
    (Unaudited)
  
  CMF SandRidge Master Fund L.P.
    Statements of Financial Condition
    (Unaudited)
 March 31,
    
    
    December 31,2009
    
    
    2008Assets:Equity in trading account:Cash
    
    $
    444,188,326
    
    
    $
    530,398,527Cash margin
    
    
    22,616,834
    
    
    
    29,705,022Net
unrealized appreciation on open futures and exchange cleared swap contracts
    
    
    39,641,205
    
    
    
    Options owned, at fair value (cost $3,485,050
and $3,510,375 at March 31, 2009 and December 31, 2008, respectively)
    
    
    4,782,936
    
    
    
    4,987,535Total assets
    
    $
    511,229,301
    
    
    $
    565,091,084Liabilities and Partners Capital:Liabilities:Net unrealized depreciation on open futures and exchange cleared swap contracts
    
    $
    
    
    
    $
    110,973,333Options
written, at fair value (premium $3,251,390 and $3,103,510 at March 31, 2009
and December 31, 2008, respectively)
    
    
    2,792,534
    
    
    
    4,282,963Accrued expenses:Professional fees
    
    
    145,802
    
    
    
    116,342Total liabilities
    
    
    2,938,336
    
    
    
    115,372,638Partners Capital:General
Partner, 0.0000 Unit equivalents at March 31, 2009 and December 31, 2008
    
    
    
    
    
    
    Limited
Partners Capital, 257,254.5568 and 247,850.0335 Redeemable
Units of Limited Partnership Interest outstanding at March 31, 2009 and
December 31, 2008, respectively
    
    
    508,290,965
    
    
    
    449,718,446Total liabilities and partners capital
    
    $
    511,229,301
    
    
    $
    565,091,084
  6




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##### 



Smith
    Barney Bristol Energy Fund L.P.
    Notes to Financial Statements
    March 31, 2009
    (Unaudited)
  CMF
    SandRidge Master Fund L.P.
    Schedule of Investments
    March 31, 2009
    (Unaudited)
  Number of
    
    
    
    
    
    
    % of PartnersContracts
    
    
    Fair Value
    
    
    CapitalFutures
and Exchange Cleared Swap
Contracts PurchasedEnergyICE Henry Hub Natural
Gas Swap Oct. 09 - Dec.
14
    
    
    24,156
    
    
    $
    (42,942,990
    )
    
    
    (8.45
    )%NYMEX Henry Hub Natural
Gas Sept. 09 - Dec. 14
    
    
    7,752
    
    
    
    (30,987,970
    )
    
    
    (6.10
    )NYMEX Natural Gas Aug.
09 - Oct. 10
    
    
    6,684
    
    
    
    (46,660,073
    )
    
    
    (9.18
    )Total futures and exchange
cleared swap contracts
purchased
    
    
    
    
    
    
    (120,591,033
    )
    
    
    (23.73
    )Futures and Exchange Cleared Swap
Contracts SoldEnergyICE Henry Hub Natural
Gas Swap May 09 - Oct.
10
    
    
    20,916
    
    
    
    50,572,292
    
    
    
    9.95NYMEX Henry Hub Natural
Gas July 10 - Dec. 13
    
    
    7,424
    
    
    
    42,769,700
    
    
    
    8.42NYMEX Natural Gas May 09
- Mar. 10
    
    
    6,799
    
    
    
    66,890,246
    
    
    
    13.16Total futures and exchange
cleared swap contracts sold
    
    
    
    
    
    
    160,232,238
    
    
    
    31.53Net unrealized appreciation
on open
futures and exchange
cleared swap contracts
    
    
    
    
    
    
    39,641,205
    *
    
    
    7.80Options
OwnedEnergy
    
    
    
    
    
    
    4,782,936
    
    
    
    0.94Total options owned
    
    
    
    
    
    
    4,782,936
    
    
    
    0.94Options
WrittenEnergy
    
    
    
    
    
    
    (2,792,534
    )
    
    
    (0.55
    )Total options written
    
    
    
    
    
    
    (2,792,534
    )
    
    
    (0.55
    )Total fair value
    
    
    
    
    
    $
    41,631,607
    
    
    
    8.19
    %
  
 7




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##### 



Smith
    Barney Bristol Energy Fund L.P.
    Notes to Financial Statements
    March 31, 2009
    (Unaudited)
  CMF
    SandRidge Master Fund L.P.
    Schedule of Investments
    December 31, 2008
    (Unaudited)
  Number of





% of PartnersContracts


Fair Value


CapitalFutures and Exchange Cleared Swap Contracts PurchasedEnergyICE Henry Hub Natural Gas Swap April 09  Dec. 14


30,555


$
(72,012,250
)


(16.01
)%NYMEX Natural Gas Swap Oct. 09  Dec. 14


10,464



(43,628,900
)


(9.70
)NYMEX Natural Gas Aug. 09  Oct. 10


6,052



(113,269,862
)


(25.19
)Total futures and exchange cleared swap contracts purchased






(228,911,012
)


(50.90
)Futures and Exchange Cleared Swap Contracts SoldEnergyICE Henry Hub Natural Gas Swap Feb. 09  Oct. 10


25,108



34,592,590



7.69NYMEX Henry Hub Natural Gas Feb. 09  Dec. 12


10,624



42,565,560



9.46NYMEX Natural Gas Feb. 09  Sep. 09


6,572



40,779,529



9.07Total futures and exchange cleared swap contracts sold






117,937,679



26.22Net unrealized depreciation on open futures and exchange cleared
    swap contracts






(110,973,333
)*


(24.68
)Options OwnedEnergy






4,987,535



1.11Total options owned






4,987,535



1.11Options WrittenEnergy






(4,282,963
)


(0.95
)Total options written






(4,282,963
)


(0.95
)Total fair value





$
(110,268,761
)


(24.52
)%   
  8




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##### 



Smith
    Barney Bristol Energy Fund L.P.
    Notes to Financial Statements
    March 31, 2009
    (Unaudited)
  CMF
    SandRidge Master Fund L.P.
    Statements of Income and Expenses and Partners Capital
    (Unaudited)
  Three Months EndedMarch 31,2009
    
    
    2008Income:Net gains (losses) on trading of commodity interests:Net realized gains (losses) on closed contracts
    
    $
    (111,165,055
    )
    
    $
    (15,693,313
    )Change in
net unrealized gains (losses) on open contracts
    
    
    152,073,573
    
    
    
    72,050,797Gain (loss) from trading, net
    
    
    40,908,518
    
    
    
    56,357,484Interest income
    
    
    106,331
    
    
    
    1,368,686Total income
(loss)
    
    
    41,014,849
    
    
    
    57,726,170Expenses:Clearing fees
    
    
    175,162
    
    
    
    102,957Professional fees
    
    
    67,510
    
    
    
    71,882Total
expenses
    
    
    242,672
    
    
    
    174,839Net income (loss)
    
    
    40,772,177
    
    
    
    57,551,331Additions  Limited Partners
    
    
    50,594,000
    
    
    
    12,842,000Redemptions  Limited Partners
    
    
    (32,687,327
    )
    
    
    (20,198,582
    )Distribution of interest income to feeder funds
    
    
    (106,331
    )
    
    
    (1,368,686
    )Net increase
(decrease) in Partners Capital
    
    
    58,572,519
    
    
    
    48,826,063Partners Capital, beginning of period
    
    
    449,718,446
    
    
    
    312,531,725Partners Capital, end of period
    
    $
    508,290,965
    
    
    $
    361,357,788Net Asset Value per Redeemable Unit
(257,254.5568 and 223,107.5054 Redeemable Units outstanding
at March 31, 2009 and 2008, respectively)
    
    $
    1,975.83
    
    
    $
    1,619.66Net income (loss) per Redeemable Unit of Limited Partnership
Interest
    
    $
    161.79
    
    
    $
    262.00
  9




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##### 



Smith
    Barney Bristol Energy Fund L.P.
    Notes to Financial Statements
    March 31, 2009
    (Unaudited)
  2.
    Financial
    Highlights:    Three Months EndedMarch 31,2009


2008Net realized and unrealized gains (losses)*

$
115.43


$
217.12Interest income allocated from Master


0.34



5.22Expenses and allocation to Special Limited Partner**


(10.12
)


(48.25
)Increase (decrease) for the period


105.65



174.09Net Asset Value per Redeemable Unit, beginning of period


1,466.76



1,230.05Net Asset Value per Redeemable Unit, end of period

$
1,572.41


$
1,404.14   *
    
    Includes Partnership commissions and expenses allocated from
    Master.**
    
    Excludes Partnership commissions and expenses allocated
    from Master and includes allocation to Special Limited Partner.  Three Months EndedMarch 31,2009


2008Ratio to average net assets:***Net investment income (loss) before allocation to Special
    Limited Partner****


(6.7
)%


(5.3
)%Operating expenses


6.8
%


6.9
%Allocation to Special Limited Partner



%


3.1
%Total expenses and allocation to Special Limited Partner


6.8
%


10.0
%Total return:Total return before allocation to Special Limited Partner


7.2
%


17.3
%Allocation to Special Limited Partner



%


(3.1
)%Total return after allocation to Special Limited Partner


7.2
%


14.2
%   ***
    
    Annualized (except for allocation to Special Limited Partner, if
    applicable).****
    
    Interest income allocated from Master less total expenses.   10




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##### 



Smith
    Barney Bristol Energy Fund L.P.
    Notes to Financial Statements
    March 31, 2009
    (Unaudited)
    Three Months EndedMarch 31,2009


2008Net realized and unrealized gains (losses)*

$
161.62


$
256.23Interest income


0.44



6.09Expenses **


(0.27
)


(0.32
)Increase (decrease) for the period


161.79



262.00Distribution of interest income to feeder funds


(0.44
)


(6.09
)Net Asset Value per Redeemable Unit, beginning of period


1,814.48



1,363.75Net Asset Value per  Redeemable Unit, end of period

$
1,975.83


$
1,619.66   *
    
    Includes clearing fees.**
    
    Excludes clearing fees. Three Months EndedMarch 31,2009


2008Ratios to average net assets:***Net investment income (loss) ****


(0.1
)%


1.5
%Operating expense


0.2
%


0.2
%Total return


8.9
%


19.2
%   ***
    
    Annualized.****
    
    Interest income less total expenses.    3.
    Trading
    Activities:       11




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##### 



Smith
    Barney Bristol Energy Fund L.P.
    Notes to Financial Statements
    March 31, 2009
    (Unaudited)
    March
31, 2009Sector
    

Gain
(loss) from
tradingEnergy
    
    $
    40,908,518Total
    
    $
    40,908,518
  4.
    Fair
    Value Measurements:  Investments.
  Fair Value Measurements. Fair Value Measurements No. FAS 157-2, Effective Date of FASB Statement No. 157
    Quoted Prices in





SignificantActive Markets for


Significant Other


UnobservableIdentical Assets


Observable Inputs


Inputs3/31/2009


(Level 1)


(Level 2)


(Level 3)AssetsInvestment in Master

$
368,543,365


$



$
368,543,365


$
Total fair value

$
368,543,365


$



$
368,543,365


$
 12




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##### 



Smith
    Barney Bristol Energy Fund L.P.
    Notes to Financial Statements
    March 31, 2009
    (Unaudited)
  Investments.
   Fair Value Measurements. Fair Value Measurements No. FAS 157-2, Effective Date of FASB Statement No. 157
    Quoted Prices in
    
    
    Significant Other
    
    
    SignificantActive Markets for
    
    
    Observable
    
    
    UnobservableIdentical Assets
    
    
    Inputs
    
    
    Inputs3/31/2009
    
    
    (Level 1)
    
    
    (Level 2)
    
    
    (Level 3)AssetsFutures
    
    $
    39,641,205
    
    
    $
    39,641,205
    
    
    $
    Options owned
    
    
    4,782,936
    
    
    
    4,782,936
    
    
    
    
    
    
    
    Total assets
    
    $
    44,424,141
    
    
    $
    44,424,141
    
    
    $
    
    
    
    
    LiabilitiesOptions written
    
    $
    2,792,534
    
    
    $
    2,792,534
    
    
    $
    
    
    
    
    Total liabilities
    
    
    2,792,534
    
    
    
    2,792,534
    
    
    
    
    
    
    
    Total fair value
    
    $
    41,631,607
    
    
    $
    41,631,607
    
    
    $
    
    
    
    $
    
   5.
    Financial
    Instrument Risks:  over-the-counter
 13




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##### 



Smith
    Barney Bristol Energy Fund L.P.
    Notes to Financial Statements
    March 31, 2009
    (Unaudited)
            14




---



##### 



Item 2.
    Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations.  Liquidity
    and Capital Resources
        and/or
    Critical
    Accounting Policies
 Use of Estimates.
 Statement of Cash Flows.
 Investments.
 Fair Value Measurements. Fair Value Measurements No. FAS 157-2, Effective Date of FASB Statement No. 157
  15




---



##### 



Futures
Contracts.
 Options.
 Income Taxes.
   Recent
Accounting Pronouncements
 16




---



##### 



Results
    of Operations
          30-day 3-month and/or 90-day
    17




---



##### 



18




---



##### 



Item 3.
    Quantitative
    and Qualitative Disclosures about Market Risk          one-day
  Form 10-K
  March 31, 2009
    (Unaudited)
  Three Months Ended March 31, 2009% of Total


High


Low


AverageMarket Sector

Value at Risk


Capitalization


Value at Risk


Value at Risk


Value at Risk*Energy

$
22,039,410



4.34
%

$
40,574,022


$
22,039,410


$
26,909,807Total

$
22,039,410



4.34
%    19




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##### 



Item 4T.
    Controls
    and Procedures      Rules 13a-15(e) 15d-15(e)
  internal control over financial
    reporting
  
    pertain to the maintenance of records that in reasonable detail
    accurately and fairly reflect the transactions and dispositions
    of the assets of the Partnership;
    provide reasonable assurance that (i) transactions are
    recorded as necessary to permit preparation of financial
    statements in accordance with GAAP and (ii) the Partnerships
    receipts are handled and expenditures are made only pursuant to
    authorizations of the General Partner; and
    provide reasonable assurance regarding prevention or timely
    detection of unauthorized acquisition, use or disposition of the
    Partnerships assets that could have a material effect on
    the financial statements.   20




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##### 



PART II.
    OTHER INFORMATION Item 1. Legal Proceedings
  Enron-Related Civil Actions
 DK Acquisition Partners, L.P., et al. v. J.P. Morgan
Chase & Co., et al., Avenue Capital Management II, L.P., et al. v. J.P. Morgan Chase & Co., et
al.
 Research Analyst Litigation
 In Re Salomon Analyst Metromedia
Litigation
 Subprime-Mortgage-Related Litigation and Other Matters
 In Re
Citigroup Inc. Bond Litigation
 Buckingham v.
Citigroup Inc , et al. Chen v. Citigroup Inc et al. In Re Citigroup Inc Bond Litigation Pellegrini v. Citigroup Inc et al. Pellegrini In Re Citigroup Inc Bond Litigation
 Brecher v. Citigroup Inc et al. Brecher In Re
Citigroup Inc. Bond Litigation
  Auction Rate Securities
 In Re Citigroup Inc Auction Rate Securities Litigation In Re Citigroup Inc. Auction Rate Securities
Litigation.
 Mayor & City Council Of
Baltimore, Maryland v. Citigroup Inc et al. Mayfield v. Citigroup Inc et al.
 21




---



##### 



Other Matters
 In re MAT Five Securities
Litigation Marie Raymond Revocable rust et al. v. MAT Five LLC, et al.
 Puglisi v. Citigroup
Alternative Investments LLC, et al. In Re MAT Five
Securities Litigation Goodwill v. MAT
Five LLC, et al. Marie Raymond Revocable Trust, et al. v. MAT Five LLC,
et al ECA
Acquisitions, Inc. et al. v. MAT Three LLC, et al., Hahn, et al. v. Citigroup Inc., et
al, Marie Raymond Revocable Trust
  22




---



##### 



Item 1A.
    Risk
    Factors  Form 10-K
  Item 2.
    Unregistered
    Sales of Equity Securities and Use of Proceeds        (d) Maximum Number(c) Total Number



(or Approximateof Redeemable Units



Dollar Value) of(a) Total







Purchased as Part



Redeemable Units thatNumber of



(b) Average



of Publicly



May Yet BeRedeemable



Price Paid per



Announced



Purchased Under thePeriod


Units Purchased*



Redeemable Unit**



Plans or Programs



Plans or ProgramsJanuary 1, 2009 -
    January 31, 2009



2,088.2162



$
1,536.55




N/A




N/AFebruary 1, 2009 -
    February 28, 2009



3,601.2695



$
1,499.13




N/A




N/AMarch 1, 2009 -
    March 31, 2009



1,909.9721



$
1,572.41




N/A




N/A7,599.4578



$
1,527.83      Item 3.
    Defaults
    Upon Senior Securities  None  Item 4.
    Submission
    of Matters to a Vote of Security Holders 
    None  Item 5.
    Other
    Information  None 23






---



##### 



Item 6. Exhibits  Regulation S-K
  Rule 13a-14(a)/15d-14(a)
  Rule 13a-14(a)/15d-14(a)
  
  
 24




---



##### 



SIGNATURES
    SMITH BARNEY BRISTOL ENERGY FUND L.P.
  By:
    Citigroup Managed Futures LLC     By:
    /s/  Jerry
    Pascucci        By:
    /s/  Jennifer
    Magro      25