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
  June 30, 2008
  OR ( ) TRANSITION REPORT
    PURSUANT TO SECTION 13 OR 15(d)
 OF THE SECURITIES EXCHANGE ACT
    OF 1934
  
  000-30455
  SALOMON SMITH BARNEY GLOBAL
    DIVERSIFIED FUTURES FUND L.P.
    New York

13-4015586(State or other jurisdiction of
    incorporation or organization)

(I.R.S. Employer
    Identification No.)   c/o Citigroup
    Managed Futures LLC
 731 Lexington
    Avenue  25th Fl.
 New York, New York
    10022
    (212) 559-2011
       Yes X  No
    Large
    accelerated filer
    Accelerated filer
    Non-accelerated filer X
    Smaller
    reporting company  Rule 12b-2
  Yes   No X




---



##### 



SALOMON
    SMITH BARNEY GLOBAL DIVERSIFIED FUTURES FUND L.P.
  FORM 10-Q
  INDEX
  PageNumberPART I  Financial Information:Item 1.

Financial Statements:Statements of Financial Condition at June 30,
    2008 and December 31, 2007 (unaudited)

3Schedules of Investments at June 30, 2008 and
    December 31, 2007 (unaudited)

4  5Statements of Income and Expenses and Partners Capital
    for
    the three and six months ended June 30, 2008 and 2007
    (unaudited)

6Statements of Cash Flows for the three and six months ended
    June, 30,
    2008 and 2007 (unaudited)

7Notes to Financial Statements (unaudited)

8  13Item 2.

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

14  16Item 3.

Quantitative and Qualitative Disclosures about Market Risk

17  18Item 4.

Controls and Procedures

19PART II  Other Information

20  23  2




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##### 



PART I Item 1.
    Financial Statements   Salomon
    Smith Barney Global Diversified Futures Fund L.P.Statements of Financial Condition
    (Unaudited)
  June 30,


December 31,2008


2007Assets:Investment in Partnerships, at fair value

$
44,701,648


$
40,944,047Cash


45,935



73,042Distribution receivable


50,029



80,265Total assets

$
44,797,612


$
41,097,354Liabilities and Partners Capital:Liabilities:Accrued expenses:Brokerage commissions

$
201,589


$
184,938Management fees


64,915



59,223Incentive fees


1,526,048



404,736Other


42,819



44,478Redemptions payable


183,579



284,408Total liabilities


2,018,950



977,783Partners Capital:General Partner, 421.6204 and 1,802.4014 Unit equivalents
    outstanding in 2008 and 2007, respectively


862,787



3,099,968Limited Partners, 20,483.1347 and 21,524.1927 Redeemable 
    Units of Limited Partnership Interest outstanding in 2008
    and 2007, respectively


41,915,875



37,019,603Total partners capital


42,778,662



40,119,571Total liabilities and partners capital

$
44,797,612


$
41,097,354    3




---



##### 



Salomon
    Smith Barney
    Global Diversified Futures Fund L.P.Schedule of InvestmentsJune 30, 2008
    (Unaudited)
  % of PartnersInvestment in
    Partnerships

Fair Value


CapitalCMF Campbell Master Fund L.P.

$
9,778,014



22.86
%CMF Aspect Master Fund L.P.


14,988,613



35.04CMF Altis Partners Master Fund L.P.


19,935,021



46.60Total investment in Partnerships, at fair value

$
44,701,648



104.50
%    4




---



##### 



Salomon
    Smith Barney
    Global Diversified Futures Fund L.P.
    Schedule of Investments
    December 31, 2007
    (Unaudited)
  % of PartnersInvestment in
    Partnerships

Fair Value


CapitalCMF Campbell Master Fund L.P.

$
10,625,425



26.48
%CMF Aspect Master Fund L.P.


14,246,680



35.51CMF Altis Partners Master Fund L.P.


16,071,942



40.06Total investment in Partnerships, at fair value

$
40,944,047



102.05
%    5




---



##### 



Salomon
    Smith Barney Global Diversified Futures Fund L.P.Statements of Income and Expenses and
    Partners Capital
    (Unaudited)
  Three Months Ended


Six Months EndedJune 30,


June 30,2008


2007


2008


2007Income:Net gains (losses) on trading of commodity interests:Change in net unrealized gains (losses) on investment in
    Partnerships

$
6,290,697


$
7,873,998


$
10,166,902


$
5,343,559Expenses:Brokerage commissions


573,042



601,044



1,151,373



1,194,476Management fees


183,753



193,597



367,515



385,283Incentive fees


1,005,668



447,440



1,526,048



447,440Other


25,875



23,103



44,716



45,664Total expenses


1,788,338



1,265,184



3,089,652



2,072,863Net income (loss)


4,502,359



6,608,814



7,077,250



3,270,696AdditionsGeneral Partner






430,679







430,679RedemptionsLimited Partners


(900,650
)


(1,169,566
)


(1,918,159
)


(3,234,706
)RedemptionsGeneral Partner


(2,500,000
)






(2,500,000
)


Net increase (decrease) in Partners Capital


1,101,709



5,869,927



2,659,091



466,669Partners Capital, beginning of period


41,676,953



39,842,909



40,119,571



45,246,167Partners Capital, end of period

$
42,778,662


$
45,712,836


$
42,778,662


$
45,712,836Net Asset Value per Unit (20,904.7551 and 25,330.3894 Units
    outstanding at June 30, 2008 and 2007, respectively)

$
2,046.36


$
1,804.66


$
2,046.36


$
1,804.66Net income (loss) per Redeemable Unit of Limited
    Partnership Interest and General Partner Unit equivalent

$
215.97


$
256.47


$
326.45


$
131.58    6




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##### 



Salomon
    Smith Barney Global Diversified Futures Fund L.P.Statements of Cash Flows
    (Unaudited)
  Three Months Ended


Six Months EndedJune 30,


June 30,2008


2007


2008


2007Cash flows from operating activities:Net income (loss)

$
4,502,359


$
6,608,814


$
7,077,250


$
3,270,696Adjustments to reconcile net income (loss) to net cash provided
    by operating activities:Changes in operating assets and liabilities:Purchase of investment in Partnerships






(430,679
)






(430,679
)Proceeds from sale of investment in Partnerships


4,278,532



2,882,760



6,439,537



5,715,280Net unrealized (appreciation) depreciation on investment in
    Partnerships


(6,280,665
)


(7,873,998
)


(10,197,138
)


(5,343,559
)(Increase) decrease distribution receivable


(10,032
)






30,236



Accrued expenses:Increase (decrease) in brokerage commissions


9,010



24,384



16,651



348Increase (decrease) in management fees


3,819



7,924



5,692



(325
)Increase (decrease) in incentive fees


1,005,668



447,440



1,121,312



(418,085
)Increase (decrease) in other


(10,200
)


(2,543
)


(1,659
)


11,709Net cash provided by (used in) operating activities


3,498,491



1,664,102



4,491,881



2,805,385Cash flows from financing activities:Proceeds from additionsGeneral Partner






430,679







430,679Payments for redemptionsLimited Partners


(1,008,323
)


(2,098,002
)


(2,018,988
)


(3,217,723
)Payments for redemptionsGeneral Partner


(2,500,000
)






(2,500,000
)


Net cash provided by (used in) financing activities


(3,508,323
)


(1,667,323
)


(4,518,988
)


(2,787,044
)Net change in cash


(9,832
)


(3,221
)


(27,107
)


18,341Cash, at beginning of period


55,767



38,630



73,042



17,068Cash, at end of period

$
45,935


$
35,409


$
45,935


$
35,409Non-cash financing activities:Change in redemptions payable

$
(107,673
)

$



$
(100,829
)

$
    7




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##### 



Salomon
    Smith Barney Global Diversified Futures Fund L.P.Notes to Financial Statements
    June 30, 2008
    (Unaudited)
  1.
    General:          Form 10-K
    2.
    Financial
    Highlights:    Three Months Ended


Six Months EndedJune 30,


June 30,2008


2007


2008


2007Net realized and unrealized gains (losses) *

$
273.71


$
282.34


$
415.22


$
165.42Expenses **


(57.74
)


(25.87
)


(88.77
)


(33.84
)Increase (decrease) for the period


215.97



256.47



326.45



131.58Net Asset Value per Redeemable Unit, beginning of period


1,830.39



1,548.19



1,719.91



1,673.08Net Asset Value per Redeemable Unit, end of period

$
2,046.36


$
1,804,66


$
2,046.36


$
1,804.66   *
    
    Includes brokerage commissions  **
    
    Excludes brokerage commissions  8




---



##### 



Salomon
    Smith Barney Global Diversified Futures Fund L.P.
    Notes to Financial Statements
    June 30, 2008
    (Unaudited)
  Three Months Ended


Six Months EndedJune 30,


June 30,2008


2007


2008


2007Ratios to Average Net Assets:***Net investment income (loss) before incentive fees****


(8.1
)%


(7.7
)%


(8.1
)%


(7.5
)%Operating expense


8.1
%


7.7
%


8.1
%


7.5
%Incentive fees


2.6
%


1.0
%


3.9
%


1.0
%Total expenses


10.7
%


8.7
%


12.0
%


8.5
%Total return:Total return before incentive fees


14.4
%


17.7
%


23.2
%


8.9
%Incentive fees


(2.6
)%


(1.1
)%


(4.2
)%


(1.0
)%Total return after incentive fees


11.8
%


16.6
%


19.0
%


7.9
%   ***
    
    Annualized (other than incentive fees)  ****
    
    Interest income less total expenses    3.
    Trading
    Activities:        4.
    Fair
    Value Measurements:  Investments.
  Fair Value Measurements. Fair Value Measurements No. FAS 157-2, Effective Date of FASB Statement No. 157
 9




---



##### 



Salomon
    Smith Barney Global Diversified Futures Fund L.P.
    Notes to Financial Statements
    June 30, 2008
    (Unaudited)
    Quoted Prices inActive Markets

Significant Other

Significantfor Identical

Observable Inputs

Unobservable6/30/2008

Assets (Level 1)

(Level 2)

Inputs (Level 3)AssetsInvestment in Partnerships

$
44,701,648


$



$
44,701,648


$
Total fair value

$
44,701,648


$



$
44,701,648


$
   5.
    Investment
    in Partnerships:         10




---



##### 



Salomon
    Smith Barney Global Diversified Futures Fund L.P.
    Notes to Financial Statements
    June 30, 2008
    (Unaudited)
      give-up,
      June 30, 2008Total Assets


Total Liabilities


Total CapitalCampbell Master

$
184,233,917


$
2,818,639


$
181,415,278Aspect Master


233,295,960



1,702,697



231,593,263Altis Master


100,871,448



1,585,246



99,286,202Total

$
518,401,325


$
6,106,582


$
512,294,743   December 31, 2007Total Assets


Total Liabilities


Total CapitalCampbell Master

$
226,825,488


$
10,129,288


$
216,696,200Aspect Master


209,651,889



6,956,669



202,695,220Altis Master


73,353,710



1,094,835



72,258,875Total

$
509,831,087


$
18,180,792


$
491,650,295     June 30, 2008


For the three months ended June 30, 2008% of








Expenses


NetPartnerships


Fair


Income








Income


Investment

RedemptionsFund

Net Assets


Value


(Loss)


Commissions


Other


(Loss)


Objective

PermittedCampbell Master


22.86
%

$
9,778,014


$
577,050


$
1,698


$
459


$
574,893


Financials,
    Metals & Energy
    Portfolio


MonthlyAspect Master


35.04
%


14,988,613



894,788



5,477



667



888,644


Commodity
    Portfolio


MonthlyAltis Master


46.60
%


19,935,021



4,836,512



7,367



1,985



4,827,160


Commodity
    Portfolio


MonthlyTotal





$
44,701,648


$
6,308,350


$
14,542


$
3,111


$
6,290,697   11




---



##### 



Salomon
    Smith Barney Global Diversified Futures Fund L.P.
    Notes to Financial Statements
    June 30, 2008
    (Unaudited)
  June 30, 2008


For the three months ended June 30, 2008% of








Expenses


NetPartnerships


Fair


Income








Income


Investment

RedemptionsFund

Net Assets


Value


(Loss)


Commissions


Other


(Loss)


Objective

PermittedCampbell Master


22.86
%

$
9,778,014


$
725,172


$
3,761


$
906


$
720,505


Financials,
    Metals & Energy
    Portfolio


MonthlyAspect Master


35.04
%


14,988,613



2,945,074



12,290



1,073



2,931,711


Commodity
    Portfolio


MonthlyAltis Master


46.60
%


19,935,021



6,536,510



17,804



4,020



6,514,686


Commodity
    Portfolio


MonthlyTotal





$
44,701,648


$
10,206,756


$
33,855


$
5,999


$
10,166,902   December 31, 2007


For the three months ended June 30, 2007Expenses% of














NetPartnerships


Fair


Income








Income


Investment

RedemptionsFund

Net Assets


Value


(Loss)


Commissions


Other


(Loss)


Objective

PermittedCampbell Master


26.48
%

$
10,625,425


$
1,846,360


$
3,101


$
522


$
1,842,737


Financials,
    Metals & Energy
    Portfolio


MonthlyAspect Master


35.51
%


14,246,680



2,304,101



7,696



493



2,295,912


Commodity
    Portfolio


MonthlyAltis Master


40.06
%


16,071,942



3,747,259



9,418



2,492



3,735,349


Commodity
    Portfolio


MonthlyTotal





$
40,944,047


$
7,897,720


$
20,215


$
3,507


$
7,873,998   December 31, 2007


For the six months ended June 30, 2007Expenses% of














NetPartnerships


Fair


Income








Income


Investment

RedemptionsFund

Net Assets


Value


(Loss)


Commissions


Other


(Loss)


Objective

PermittedCampbell Master


26.48
%

$
10,625,425


$
1,159,793


$
7,407


$
949


$
1,151,437


Financials,
    Metals & Energy
    Portfolio


MonthlyAspect Master


35.51
%


14,246,680



1,692,742



15,452



1,079



1,676,211


Commodity
    Portfolio


MonthlyAltis Master


40.06
%


16,071,942



2,546,457



25,221



5,325



2,515,911


Commodity
    Portfolio


MonthlyTotal





$
40,944,047


$
5,398,992


$
48,080


$
7,353


$
5,343,559   6.
    Financial
    Instrument Risks:   12




---



##### 



Salomon
    Smith Barney Global Diversified Futures Fund L.P.
    Notes to Financial Statements
    June 30, 2008
    (Unaudited)
             13




---



##### 



Item 2.
    Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations.  Liquidity
    and Capital Resources
        Critical
    Accounting Policies
  Use of Estimates.
  Investments.
  Fair Value Measurements. No. FAS 157-2,
    Quoted Prices in



SignificantActive Markets for

Significant Other

UnobservableIdentical Assets

Observable Inputs

Inputs6/30/2008

(Level 1)

(Level 2)

(Level 3)AssetsInvestment in Partnerships

$
44,701,648


$



$
44,701,648


$
Total fair value

$
44,701,648


$



$
44,701,648


$
   Forward Foreign Currency Contracts. agreed-upon
 14




---



##### 



Options.
  Income Taxes.
      Recent Accounting Pronouncements.
  Results
    of Operations
  non-U.S. interest
   15




---



##### 



30-day and/or 90-day
       16




---



##### 



Item 3.
    Quantitative
    and Qualitative Disclosures about Market Risk          one-day
  Form 10-K
    June 30,
    2008
    (Unaudited)
  Three Months Ended June 30, 2008% of Total


High


Low



AverageMarket Sector

Value at Risk


Capital


Value at Risk


Value at Risk



Value at Risk*Currencies: OTC Contracts

$
5,356,092



2.95
%

$
5,356,092


$
2,687,710



$
4,282,816Energy


1,091,200



0.60
%


1,689,425



350,150




917,225Interest Rates U.S.


568,980



0.31
%


1,181,910



467,030




907,377Interest Rates Non-U.S.


2,624,160



1.45
%


3,132,142



854,534




2,209,270Metals: Exchange Traded Contracts


19,500



0.01
%


168,000



19,500




80,917 OTC Contracts


360,237



0.20
%


398,920



228,353




335,147Indices


7,776,342



4.29
%


7,776,342



3,934,156




5,911,517Total

$
17,796,511



9.81
%     *
    
    Average month-end Values at Risk 17




---



##### 



June 30,
    2008
    (Unaudited)
  Three Months Ended June 30, 2008% of Total


High


Low



AverageMarket Sector

Value at Risk


Capital


Value at Risk


Value at Risk



Value at Risk*Currencies: OTC Contracts

$
4,407,405



1.90
%

$
5,456,297


$
1,762,375



$
4,072,910Energy


3,891,550



1.68
%


4,744,750



1,275,450




3,370,517Grains


1,123,839



0.49
%


1,152,192



359,362




806,348Interest Rates U.S.


61,505



0.03
%


1,517,950



49,886




384,168Interest Rates Non-U.S.


6,836,385



2.95
%


8,869,154



1,490,653




4,834,032Livestock


95,900



0.04
%


203,800



92,800




108,633Metals: Exchange Traded Contracts


454,250



0.20
%


669,250



250,500




418,000 OTC Contracts


1,384,404



0.60
%


1,384,404



456,013




1,068,468Softs


1,233,071



0.53
%


1,253,530



388,560




956,019Indices


5,453,638



2.35
%


5,453,638



1,644,201




3,465,578Total

$
24,941,947



10.77
%     *
    
    Average month-end Values at Risk    June 30,
    2008
    (Unaudited)
  Three Months Ended June 30, 2008% of Total


High


Low



AverageMarket Sector

Value at Risk


Capital


Value at Risk


Value at Risk



Value at Risk*Commodity Index

$
32,000



0.03
%

$
46,000


$
6,000



$
30,667Currencies: Exchange Traded


1,709,171



1.72
%


1,851,289



807,124




1,210,194Energy


3,864,606



3.89
%


5,244,750



1,004,438




3,967,903Grains


1,466,337



1.48
%


1,460,131



519,793




1,320,757Interest Rates U.S.


544,350



0.55
%


744,450



66,931




327,637Interest Rates Non -U.S.


1,993,228



2.01
%


1,994,129



944,010




1,786,074Livestock


117,727



0.12
%


188,800



26,555




91,494Metals Exchange Traded


713,750



0.72
%


912,000



222,550




469,885 OTC


1,990,093



2.00
%


2,598,364



898,331




2,257,189Softs


687,422



0.69
%


986,080



451,658




687,601Indices


4,402,264



4.43
%


4,700,387



1,034,071




2,664,138Lumber


37,400



0.04
%


55,800



29,700




36,300Total

$
17,558,348



17.68
%     *
    
    Average month-end Values at Risk 18




---



##### 



Item 4.
    Controls
    and Procedures.      Rule 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 U.S. generally accepted
    accounting principles, 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.   19




---



##### 



PART II.
    OTHER INFORMATION  Item 1.
    Legal
    Proceedings.  Form 10-K Form 10-Q
  Enron
  Ahlich v. Arthur Andersen, L.L.P. Delgado v. Fastow Pearson v. Fastow Rosen v. Fastow Bullock v. Arthur Andersen, L.L.P. Choucroun v. Arthur Andersen, L.L.P. Guy v. Arthur Andersen, L.L.P. Adams v. Arthur Andersen, L.L.P. Jose v. Arthur Andersen, L.L.P. Odam, et al., v. Enron Corp., et al
      IPO Civil
    Litigation
    Subprime
    Mortgage-Related Litigation
  In Re
    Citigroup Inc. Shareholder Derivative Litigation
  In Re American Home
    Mortgage Securities Litigation
  In Re Countrywide
    Financial Corp. Securities Litigation
  Other
    Matters
    Auction
    Rate Securities
  In Re Citigroup Auction Rate securities
    Litigation
 20




---



##### 



and/or
  Ferguson Family Trust v. Falcon
  Strategies Two LLC, et
    al.
  In re MAT Five Securities
    Litigation
  Item 1A.
    Risk Factors.
  Form 10-K Form 10-Q
    Item 2.
    Unregistered
    Sales of Equity Securities and Use of Proceeds.   21




---



##### 



(d) Maximum Number(c) Total Number



(or Approximateof Units



Dollar Value) of Units that(a) Total Number



(b) Average



Purchased as Part of



May Yet Beof Units



Price Paid



Publicly Announced



Purchased Under thePeriod


Purchased*



per Unit**



Plans or Programs



Plans or ProgramsApril 1, 2008  
    April 30, 2008



1,051.2093



$
1,773.49




N/A




N/AMay 1, 2008  
    May 31, 2008



723.7158



$
1,869.19




N/A




N/AJune 1, 2008  
    June 30, 2008



89.7102



$
2,046.36




N/A




N/A1,864.6353



$
1,823.76       22




---



##### 



Item 3.
    Defaults
    Upon Senior Securities  None  Item 4.
    Submission
    of Matters to a Vote of Security Holders 
    None  Item 5.
    Other
    Information  None  Item 6.
    Exhibits  Regulation S-K Form 10-K
  Rule 13a-14(a)/15d-14(a)
   Rule 13a-14(a)/15d-14(a)
        23




---



##### 



SIGNATURES
      By:
    Citigroup Managed Futures LLC    By:
    /s/  Jerry
    Pascucci       By:
    /s/  Jennifer
    Magro      24