FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                 (X) QUARTERLY REPORT UNDER SECTION 13 or 15(d)

                     OF THE SECURITIES EXCHANGE ACT OF 1934

               OR ( ) TRANSITION REPORT UNDER SECTION 13 or 15(d)

                     OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarter ended September 30, 2003
                      ------------------

Commission File Number 000-30455

            SALOMON SMITH BARNEY GLOBAL DIVERSIFIED FUTURES FUND L.P.
-----------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

      New York                                     13-4015586
----------------------------------------------------------------
(State or other jurisdiction of                (I.R.S. Employer
 incorporation or organization)               Identification No.)

                        c/o Citigroup Managed Futures LLC
                            399 Park Avenue - 7th Fl.
                            New York, New York 10022
  -----------------------------------------------------------------
           (Address and Zip Code of principal executive offices)

                                 (212) 559-2011
-----------------------------------------------------------------
              (Registrant's telephone number, includingarea code)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

                                 Yes X No ______

Indicate  by check mark  whether  the  registrant  is an  accelerated  filer (as
defined in rule 12b-2 of the Exchange Act).

                           Yes _____ No __X___

<PAGE>



            SALOMON SMITH BARNEY GLOBAL DIVERSIFIED FUTURES FUND L.P.
                                    FORM 10-Q
                                      INDEX

                                                                    Page
                                                                   Number
PART I - Financial Information:

     Item 1. Financial Statements:
             Statements of Financial Condition
             at September 30, 2003 and December 31,
             2002 (unaudited).                                       3

             Condensed Schedules of Investments
             at September 30, 2003 and December 31,
             2002 (unaudited).                                     4 - 5

             Statements of Income and Expenses
             and Partners' Capital for the three
             and nine months ended September 30,
             2003 and 2002 (unaudited).                              6

             Notes to Financial Statements
             (unaudited).                                          7 - 12

     Item 2. Management's  Discussion
             and Analysis of Financial  Condition and
             Results of Operations.                                13 - 16

     Item 3. Quantitative and Qualitative
             Disclosures about Market Risk.                        17 - 18

     Item 4. Controls and Procedures.                                 19

PART II - Other Information                                           20


                                       2
<PAGE>



                                     PART I
                          ITEM 1. FINANCIAL STATEMENTS


            SALOMON SMITH BARNEY GLOBAL DIVERSIFIED FUTURES FUND L.P.
                        STATEMENTS OF FINANCIAL CONDITION
                                   (UNAUDITED)


<TABLE>
<CAPTION>

                                                             September 30,   December 31,
                                                                  2003            2002
                                                             ---------------------------

<S>                                                              <C>             <C>
ASSETS:
Equity in commodity futures trading account:
  Cash (restricted $4,797,428 and $5,827,594 in 2003
   and 2002, respectively)                                   $51,337,867   $48,802,978
  Net unrealized appreciation on open
   futures positions                                             424,921     2,908,615
  Unrealized appreciation on open forward contracts            2,531,484     1,942,800
                                                             -----------   -----------
                                                              54,294,272    53,654,393
Interest receivable                                               30,621        39,935
                                                             -----------   -----------
                                                             $54,324,893   $53,694,328
                                                             ===========   ===========

LIABILITIES AND PARTNERS' CAPITAL:

Liabilities:

  Unrealized depreciation on open forward contracts          $ 1,418,032   $ 1,590,882
 Accrued expenses:
  Commissions                                                    234,820       238,962
  Management fees                                                 74,865        77,066
  Incentive fees                                               1,177,829     1,293,471
  Other                                                           47,626        57,550
Redemptions payable                                              362,745     1,044,772
                                                             -----------   ------------
                                                               3,315,917     4,302,703
                                                             -----------   -----------

Partners' Capital:

General Partner, 619.7983 Unit
   equivalents outstanding in 2003 and  2002, respectively       807,077       731,951
Limited Partners, 38,552.7605 and 41,203.7225
   Redeemable Units of Limited Partnership Interest
   outstanding in 2003 and 2002, respectively                 50,201,899    48,659,674

                                                             -----------   -----------
                                                              51,008,976    49,391,625
                                                             -----------   -----------
                                                             $54,324,893   $53,694,328
                                                             ===========   ===========

</TABLE>

See Accompanying Notes to Unaudited Financial Statements.


                                       3
<PAGE>
                Smtih Barney Global Diversified Futures Fund L.P.
                        Condensed Schedule of Investments
                               September 30, 2003
                                   (Unaudited)
<TABLE>
<CAPTION>
<S>                                             <C>                                      <C>
Sector                                      Contract                                   Fair Value
-----------------------------             -----------------------------------         ------------
Currencies
                                            Futures contracts sold   0.00%*                 $625
                                            Futures contracts purchased  0.13%            66,183
                                                                                     ------------
                                            Total Futures contracts 0.13%                 66,808

                                            Unrealized depreciation on forward
                                            contracts (2.57)%                         (1,312,939)
                                            Unrealized appreciation on forward
                                            contracts  4.81%                           2,457,237
                                                                                      -----------
                                           Total Forward contracts 2.24%               1,144,298
                                                                                      -----------
   Total Currencies - 2.37%                                                            1,211,106
                                                                                      -----------
Energy
                                           Futures contracts sold  (0.42)%              (213,706)
                                           Futures contracts purchased  0.03%             15,341
                                                                                      -----------
   Total Energy - (0.39)%                                                               (198,365)
                                                                                      -----------
Grains
                                           Futures contracts sold  0.02%                  11,863
                                           Futures contracts purchased  0.43%            216,838
                                                                                     -----------
   Total Grains - 0.45%                                                                  228,701
                                                                                     -----------

Total Interest Rates U.S. - 0.48%          Futures contracts purchased  0.48%            243,072
                                                                                     -----------
Interest Rates Non-U.S.
                                           Futures contracts sold  (0.09)%               (45,438)
                                           Futures contracts purchased  0.84%            426,481
                                                                                     -----------
   Total Interest Rates Non-U.S. 0.75%                                                   381,043
                                                                                     -----------
Metals

                                           Futures contracts purchased  0.19%            95,763

                                           Unrealized depreciation on forward
                                           contracts (0.21)%                           (105,093)
                                           Unrealized appreciation on forward
                                           contracts  0.15%                              74,247
                                                                                     -----------
    Total Forward contracts (0.06)%                                                     (30,846)
                                                                                     -----------
   Total Metals - 0.13%                                                                  64,917
                                                                                     -----------
Softs
                                           Futures contracts sold  (0.03)%              (17,975)
                                           Futures contracts purchased  0.09%            47,205
                                                                                     -----------
   Total Softs - 0.06%                                                                   29,230
                                                                                     -----------
Indices
                                            Futures contracts sold  0.01%                 6,154
                                            Futures contracts purchased  (0.84)%       (427,485)
                                                                                     -----------
   Total Indices - (0.83)%                                                             (421,331)
                                                                                     -----------
Total Fair Value - 3.02%                                                             $1,538,373
                                                                                    ============

Country Composition          Investments at Fair Value       % of Investments at Fair Value
---------------------------  -------------------------        ------------------------------
Australia                                 $5,451                           0.35%
Canada                                    72,189                           4.69
France                                    (4,658)                         (0.30)
Germany                                   50,197                           3.26
Hong Kong                                (11,826)                         (0.77)
Italy                                      4,501                           0.29
Japan                                   (107,481)                         (6.98)
Sweden                                      (824)                         (0.05)
Spain                                     (7,791)                         (0.51)
United Kingdom                           (35,532)                         (2.31)
United States                          1,574,147                         102.33
                             ------------------------          ----------------------------
                                      $1,538,373                         100.00%
                             ========================          ============================
</TABLE>

Percentages are based on Partners' capital unless otherwise indicated
* Due to rounding
See Accompanying Notes to Unaudited Financial Statements.

                                       4
<PAGE>
                          Salomon Smith Barney
                      Global Diversified Futures Fund L.P.
                        Condensed Schedule of Investments
                                December 31, 2002
                                (Unaudited)
<TABLE>
<CAPTION>
<S>                          <C>                                                          <C>
Sector                       Contract                                                  Fair Value
-------------------------    -------------------------------------------               ------------
Currencies
                             Unrealized appreciation on forward contracts 3.65%        $1,801,294
                             Unrealized depreciation on forward contracts (2.79)%      (1,377,940)
                                                                                       ----------
                                      Total Forward contracts 0.86%                       423,354
                                                                                       ----------

                             Futures contracts sold 0.00%*                                  1,288
                             Futures contracts purchased 0.81%                            399,987
                                                                                       ----------
                             Total Futures contracts 0.81%                                401,275
                                                                                       ----------
  Total Currencies 1.67%                                                                  824,629
                                                                                       ----------

Energy 0.34%                 Futures contracts purchased 0.34%                            170,204
                                                                                       ----------

Grains
                             Futures contracts sold 0.08%                                  38,536
                             Futures contracts purchased 0.00%*                             1,358
                                                                                       ----------
  Total Grains 0.08%                                                                       39,894
                                                                                       ----------

Interest Rates U.S. 0.90%    Futures contracts purchased 0.90%                            444,087
                                                                                       ----------

Interest Rates Non-U.S.2.64% Futures contracts purchased 2.64%                          1,306,021
                                                                                       ----------
Metals
                             Unrealized appreciation on forward contracts 0.29%          $141,506
                             Unrealized depreciation on forward contracts (0.43)%        (212,942)
                                                                                       ----------
                             Total Forward contracts (0.14)%                              (71,436)
                                                                                       ----------

                             Futures contracts sold 0.01%                                   5,987
                             Futures contracts purchased 0.43%                            213,790
                                                                                       ----------
                             Total Futures contracts 0.44%                                219,777
                                                                                       ----------
  Total Metals 0.30%                                                                      148,341
                                                                                       ----------
Softs
                             Futures contracts sold 0.01%                                   4,481
                             Futures contracts purchased 0.10%                             49,886
                                                                                       ----------
  Total Softs 0.11%                                                                        54,367
                                                                                       ----------
Indices
                             Futures contracts sold 0.57%                                 282,260
                             Futures contracts purchased (0.02)%                           (9,270)
                                                                                       ----------
  Total Indices 0.55%                                                                     272,990
                                                                                       ----------

Total Fair Value 6.59%                                                                 $3,260,533
                                                                                       ==========

                                  Investments at   % of Investments at
Country Composition                Fair Value           Fair Value
--------------------------      ------------------- -------------------
 Australia                         $183,783             5.64%
 Canada                              78,916             2.42
 France                              (7,297)           (0.22)
 Germany                            506,816            15.54
 Hong Kong                           30,660             0.94
 Japan                              129,109             3.96
 Spain                               (1,522)           (0.05)
 Sweden                               1,231             0.04
 United Kingdom                     462,397            14.18
 United States                    1,876,440            57.55
                                ------------------- ---------------------
                                 $3,260,533           100.00%
                                =================== =====================
</TABLE>
  Percentages are based on Partners' capital unless otherwise indicated
 * Due to rounding
 See Accompanying Notes to Unaudited Financial Statements.

                                       5
<PAGE>

            SALOMON SMITH BARNEY GLOBAL DIVERSIFIED FUTURES FUND L.P.
             STATEMENTS OF INCOME AND EXPENSES AND PARTNERS' CAPITAL
                                   (UNAUDITED)


<TABLE>
<CAPTION>

                                                                      THREE MONTHS ENDED             NINE MONTHS ENDED
                                                                          SEPTEMBER 30,                  SEPTEMBER 30,
                                                               -----------     -----------     -----------       ----------
                                                                    2003             2002            2003            2002
                                                               ------------    ------------    ------------      ----------
<S>                                                                <C>              <C>             <C>             <C>
Income:
 Net gains on trading of commodity
   interests:
  Realized gains (losses) on closed positions
  and foreign currencies                                       $ (1,256,114)   $  7,140,476    $ 10,722,057    $  7,965,659
  Change in unrealized gains (losses) on open
   positions                                                      1,988,798        (203,908)     (1,722,160)        772,655
                                                               ------------    ------------    ------------    ------------
  Net realized and unrealized gains                                 732,684       6,936,568       8,999,897       8,738,314
  Interest income                                                    92,952         173,830         323,260         505,982
                                                               ------------    ------------    ------------    ------------
                                                                    825,636       7,110,398       9,323,157       9,244,296
                                                               ------------    ------------    ------------    ------------

Expenses:
  Brokerage commissions including clearing fees
  of $31,418, $24,917, $106,936 and $102,450, respectively          778,433         777,877       2,364,517       2,273,326
  Management fees                                                   228,917         235,734         692,925         624,230
  Incentive fees                                                    (58,462)      1,075,310       1,177,829       1,188,434
  Other expenses                                                     17,644          27,068          54,490          71,343
                                                               ------------    ------------    ------------    ------------
                                                                    966,532       2,115,989       4,289,761       4,157,333
                                                               ------------    ------------    ------------    ------------

  Net income (loss)                                                (140,896)      4,994,409       5,033,396       5,086,963

  Redemptions - Limited Partners                                   (566,725)     (1,910,544)     (3,416,045)     (5,899,827)
              - General Partner                                        --          (499,999)           --          (499,999)
                                                               ------------    ------------    ------------    ------------
  Net increase (decrease) in Partners' capital                     (707,621)      2,583,866       1,617,351      (1,312,863)


Partners' capital, beginning of period                           51,716,597      49,507,206      49,391,625      53,403,935
                                                               ------------    ------------    ------------    ------------
Partners' capital, end of period                               $ 51,008,976    $ 52,091,072    $ 51,008,976    $ 52,091,072
                                                               ------------    ------------    ------------    ------------

Net asset value per Redeemable Unit
  (39,172.5588 and 44,673.6564 Redeemable Units outstanding
  at September 30, 2003 and 2002, respectively)                $   1,302.16    $   1,166.04    $   1,302.16    $   1,166.04
                                                               ------------    ------------    ------------    ------------

Net income (loss) per Redeemable Unit of Limited Partnership
  Interest and General Partner Unit equivalent                 $      (3.51)   $     108.54    $     121.21    $     113.81
                                                               ------------    ------------    ------------    ------------
</TABLE>

See Accompanying Notes to Unaudited Financial Statements

                                       6
<PAGE>

            Salomon Smith Barney Global Diversified Futures Fund L.P.
                          Notes to Financial Statements
                               September 30, 2003
                                   (Unaudited)
1. General:

     Salomon   Smith  Barney   Global   Diversified   Futures  Fund  L.P.   (the
"Partnership") is a limited partnership organized under the laws of the State of
New York on June 15, 1998 to engage in the speculative  trading of a diversified
portfolio  of  commodity  interests  including  futures  contracts,  options and
forward  contracts.  The commodity  interests that are traded by the Partnership
are volatile and involve a high degree of market risk. The Partnership commenced
trading operations on February 2, 1999.

     Between  November  25,  1998  (commencement  of the  offering  period)  and
February 1, 1999,  33,379 Redeemable Units of limited  partnership  interest and
337 Redeemable Unit equivalents  representing the general partner's contribution
were sold at $1,000 per Redeemable  Unit. The proceeds of the offering were held
in an escrow account until February 2, 1999, at which time they were turned over
to the  Partnership  for  trading.  The  public  offering  of  Redeemable  Units
terminated on November 25, 2000.

     On April 7, 2003,  Smith Barney Futures  Management LLC changed its name to
Citigroup Managed Futures LLC. Citigroup Managed Futures LLC acts as the general
partner (the "General Partner") of the Partnership.  The Partnership's commodity
broker is Citigroup Global Markets Inc.  ("CGM"),  formerly Salomon Smith Barney
Inc. CGM is an affiliate of the General  Partner.  The General Partner is wholly
owned by Citigroup  Global Markets  Holdings Inc.  ("CGMHI"),  formerly  Salomon
Smith Barney  Holdings  Inc.,  which is the sole owner of CGM. CGMHI is a wholly
owned subsidiary of Citigroup Inc. ("Citigroup").  As of September 30, 2003, all
trading decisions are made for the Partnership by Aspect Capital Management Ltd.
("Aspect"),  Campbell & Company, Inc., ("Campbell") and Eckhardt Trading Company
("Eckhardt") (each an "Advisor" and collectively, the "Advisors").

     The accompanying  financial statements are unaudited but, in the opinion of
management,  include  all  adjustments,  consisting  only  of  normal  recurring
adjustments,  necessary for a fair presentation of the  Partnership's  financial
condition  at  September  30, 2003 and  December 31, 2002 and the results of its
operations  for the three and nine  months  ended  September  30, 2003 and 2002.
These  financial  statements  present the results of interim  periods and do not
include all disclosures  normally provided in annual financial  statements.  You
should read these financial  statements  together with the financial  statements
and notes  included in the  Partnership's  annual report on Form 10-K filed with
the Securities and Exchange Commission for the year ended December 31, 2002.



                                                                     (Continued)

                                       7
<PAGE>


            Salomon Smith Barney Global Diversified Futures Fund L.P.
                          Notes to Financial Statements
                               September 30, 2003
                                   (Unaudited)
                                   (Continued)

     Due to the nature of commodity  trading,  the results of operations for the
interim  periods  presented  should not be considered  indicative of the results
that may be expected for the entire year.

     Certain prior period amounts have been  reclassified  to conform to current
year presentation.


                                       8
<PAGE>


            Salomon Smith Barney Global Diversified Futures Fund L.P.
                          Notes to Financial Statements
                               September 30, 2003
                                   (Unaudited)
                                   (Continued)

2. Financial Highlights:

     Changes  in net  asset  value  per  Redeemable  Unit for the three and nine
months ended September 30, 2003 and 2002 were as follows:

<TABLE>
<CAPTION>

                                        THREE-MONTHS ENDED              NINE-MONTHS ENDED
                                            SEPTEMBER 30,                   SEPTEMBER 30,
                                      --------    ---------          ---------  ---------
                                        2003        2002             2003          2002
                                      --------    ---------          ---------  ---------
<S>                                      <C>           <C>             <C>        <C>
Net realized and unrealized
  gains (losses) *               $      (1.10)$     133.88       $     160.00 $   143.52
Interest income                          2.35         3.81               7.96      10.49
Expenses **                             (4.76)      (29.15)            (46.75)    (40.20)
                                      --------    ---------          ---------  ---------
Increase (decrease) for period          (3.51)      108.54             121.21     113.81
Net Asset Value per Redeemable
 Unit, beginning of period           1,305.67     1,057.50           1,180.95   1,052.23
                                     --------    ---------          ---------  ---------
Net Asset Value per Redeemable
 Unit, end of period             $   1,302.16 $   1,166.04       $   1,302.16 $ 1,166.04
                                     ========    =========          =========   ========
</TABLE>


*       Includes brokerage commissions.
**      Excludes brokerage commissions.


                                       9
<PAGE>


            Salomon Smith Barney Global Diversified Futures Fund L.P.
                          Notes to Financial Statements
                               September 30, 2003
                                   (Unaudited)
                                   (Continued)

Financial Highlights continued:

<TABLE>
<CAPTION>
                                      THREE-MONTHS ENDED       NINE-MONTHS ENDED
                                         SEPTEMBER 30,             SEPTEMBER 30,
                                    -------------------       ------------------
                                      2003         2002       2003         2002
                                         -
                                    -------------------       ------------------
<S>                                   <C>          <C>         <C>          <C>
Ratio to average net assets: ***

Net investment loss before
 incentive fees       ****            (7.2)%       (6.8)%      (7.2)%      (6.5)%

Operating expenses                     7.9%        8.2%        8.1%        7.9%
Incentive fees                        (0.4)%       8.5%        3.0%        3.2%
                                     -------      -----       -----       ------
Total expenses                         7.5%       16.7%       11.1%       11.1%
                                     =======      =====       =====       ======
Total return:

Total return before incentive fees    (0.4)%      12.5%       12.8%       13.3%
Incentive fees                         0.1%       (2.2)%      (2.5)%      (2.5)%
                                     -------      ------      ------      ------
Total return after incentive fees     (0.3)%      10.3%       10.3%       10.8%
                                     =======      =====       =====       ======
</TABLE>

***      Annualized
****     Interest income less total expenses (exclusive of incentive fees)

     The above ratios may vary for individual  investors  based on the timing of
capital transactions during the period.


                                       10
<PAGE>


            Salomon Smith Barney Global Diversified Futures Fund L.P.
                          Notes to Financial Statements
                               September 30, 2003
                                   (Unaudited)
                                   (Continued)

3. Trading Activities:

     The  Partnership  was formed for the  purpose  of  trading  contracts  in a
variety of commodity interests,  including derivative financial  instruments and
derivative  commodity  instruments.  The  results of the  Partnership's  trading
activities  are shown in the  Statements  of Income and Expenses  and  Partners'
Capital and are  discussed in Item 2,  Management's  Discussion  and Analysis of
Financial Condition and Results of Operations.

     The  Customer   Agreement   between  the  Partnership  and  CGM  gives  the
Partnership  the legal right to net unrealized  gains and losses on open futures
positions.

     All of the  commodity  interests  owned  by the  Partnership  are  held for
trading  purposes.  The average  fair values  during the nine and twelve  months
ended September 30, 2003 and December 31, 2002, based on a monthly  calculation,
were assets of $1,652,901 and $1,607,834, respectively. The fair values of these
commodity interests,  including options thereon, if applicable, at September 30,
2003  and  December  31,  2002,   were  assets  of  $1,538,373  and  $3,260,533,
respectively.  Fair values for exchange traded commodity futures and options are
based on quoted market prices for those futures and options.

4. Financial Instrument Risk:

     In the normal course of its business the  Partnership is party to financial
instruments  with  off-balance  sheet  risk,   including   derivative  financial
instruments and derivative commodity  instruments.  These financial  instruments
may  include  forwards,  futures  and  options,  whose  values are based upon an
underlying  asset,  index,  or reference  rate, and generally  represent  future
commitments  to exchange  currencies  or cash  flows,  to purchase or sell other
financial  instruments at specific terms at specified  future dates,  or, in the
case of derivative commodity instruments, to have a reasonable possibility to be
settled in cash, through physical delivery or with another financial instrument.
These  instruments  may be traded on an  exchange or  over-the-counter  ("OTC").
Exchange  traded  instruments are  standardized  and include futures and certain
option contracts.  OTC contracts are negotiated between  contracting parties and
include forwards and certain options.


                                       11
<PAGE>



            Salomon Smith Barney Global Diversified Futures Fund L.P.
                          Notes to Financial Statements
                               September 30, 2003
                                   (Unaudited)
                                   (Continued)

Each of these  instruments  is subject to various risks similar to those related
to the underlying  financial  instruments  including  market and credit risk. In
general,  the  risks  associated  with OTC  contracts  are  greater  than  those
associated  with  exchange  traded  instruments  because of the greater  risk of
default by the counterparty to an OTC contract.

     Market  risk is the  potential  for  changes in the value of the  financial
instruments traded by the Partnership due to market changes,  including interest
and foreign  exchange rate movements and  fluctuations  in commodity or security
prices.  Market risk is directly impacted by the volatility and liquidity in the
markets in which the related underlying assets are traded.

     Credit risk is the possibility  that a loss may occur due to the failure of
a counterparty to perform according to the terms of a contract. Credit risk with
respect to exchange traded instruments is reduced to the extent that an exchange
or  clearing  organization  acts  as a  counterparty  to the  transactions.  The
Partnership's  risk of loss in the event of  counterparty  default is  typically
limited to the amounts recognized as unrealized appreciation in the statement of
financial  condition and not represented by the contract or notional  amounts of
the instruments.  The Partnership has credit risk and concentration risk because
the sole counterparty or broker with respect to the Partnership's assets is CGM.

     The General Partner monitors and controls the  Partnership's  risk exposure
on a daily  basis  through  financial,  credit  and risk  management  monitoring
systems,   and  accordingly  believes  that  it  has  effective  procedures  for
evaluating and limiting the credit and market risks to which the  Partnership is
subject.  These  monitoring  systems allow the General Partner to  statistically
analyze actual trading  results with  risk-adjusted  performance  indicators and
correlation statistics. In addition,  on-line monitoring systems provide account
analysis  of  futures,   forwards  and  options  positions  by  sector,   margin
requirements, gain and loss transactions and collateral positions.

     The majority of these  instruments  mature within one year of September 30,
2003.  However,  due  to  the  nature  of  the  Partnership's  business,   these
instruments may not be held to maturity.


                                       12
<PAGE>



Item 2. Management's  Discussion and Analysis of Financial Condition and Results
     of Operations.

Liquidity and Capital Resources

     The Partnership does not engage in the sale of goods or services.  Its only
assets are its equity in its commodity  futures trading  account,  consisting of
cash, net  unrealized  appreciation  (depreciation)  on open futures and forward
contracts, commodity options, if applicable, and interest receivable. Because of
the  low  margin  deposits  normally  required  in  commodity  futures  trading,
relatively  small  price  movements  may  result  in  substantial  losses to the
Partnership.  While substantial losses could lead to a decrease in liquidity, no
such losses occurred during the third quarter of 2003.

  The  Partnership's  capital  consists of the capital  contributions  of the
partners as increased or decreased by realized and/or unrealized gains or losses
on  commodity  futures  trading,   expenses,   interest  income,  additions  and
redemptions of Redeemable Units and distributions of profits, if any.

     For the nine months ended September 30, 2003, Partnership capital increased
3.3% from  $49,391,625 to  $51,008,976.  This increase was  attributable  to net
income  from  operations  of  $5,033,396,  which  was  partially  offset  by the
redemption  of  2,650.9620  Redeemable  Units of  Limited  Partnership  Interest
resulting in an outflow of $3,416,045.  Future redemptions can impact the amount
of funds available for investment in commodity  contract positions in subsequent
months.

Critical Accounting Policies

     The  preparation  of financial  statements  in conformity  with  accounting
principles   generally  accepted  in  the  United  States  of  America  requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities,  disclosures of contingent assets and liabilities at the
date of the financial  statements and reported  amounts of revenues and expenses
during the reporting period. Actual results could differ from these estimates.

     All commodity interests  (including  derivative  financial  instruments and
derivative commodity  instruments) are used for trading purposes.  The commodity
interests  are  recorded on trade date and open  contracts  are  recorded in the
statement of financial  condition at fair value on the last  business day of the
period,  which represents  market value for those commodity  interests for which
market  quotations are readily  available or other measures of fair value deemed
appropriate by management of the General Partner for those  commodity  interests
and foreign  currencies for which marked  quotations are not readily  available.
Investments  in  commodity  interests  denominated  in  foreign  currencies  are


                                       13
<PAGE>

translated  into U.S.  dollars  at the  exchange  rates  prevailing  on the last
business day of the period.  Realized  gains  (losses) and changes in unrealized
values on open  positions are  recognized in the period in which the contract is
closed or the changes occur and are included in net gains (losses) on trading of
commodity interests.

     Foreign currency contracts are those contracts where the Partnership agrees
to receive or deliver a fixed  quantity of foreign  currency for an  agreed-upon
price on an agreed future date. Foreign currency contracts are valued daily, and
the  Partnership's net equity therein,  representing  unrealized gain or loss on
the contracts as measured by the difference between the forward foreign exchange
rates at the  date of entry  into the  contracts  and the  forward  rates at the
reporting dates, is included in the statement of financial  condition.  Realized
gains (losses) and changes in unrealized  values on foreign  currency  contracts
are  recognized  in the period in which the  contract  is closed or the  changes
occur and are included in the  statement  of income and  expenses and  partners'
capital.

Results of Operations

     During the  Partnership's  third  quarter of 2003,  the net asset value per
Redeemable  Unit  decreased  0.3% from  $1,305.67 to $1,302.16 as compared to an
increase of 10.3% in the third quarter of 2002.  The  Partnership  experienced a
net trading  gain before  brokerage  commissions  and related  fees in the third
quarter of 2003 of $732,684. Gains were primarily attributable to the trading of
commodity futures in currencies,  grains,  non-U.S.  interest rates,  metals and
indices and were partially offset by losses in energy,  U.S.  interest rates and
softs.  The  Partnership   experienced  a  net  trading  gain  before  brokerage
commissions  and related fees in the third quarter of 2002 of $6,936,568.  Gains
were primarily attributable to the trading of commodity futures in U.S. interest
rates and  non-U.S.  interest  rates and  indices and were  partially  offset by
losses in currencies, softs and metals.

     During the Partnership's nine months ended September 30 2003, the net asset
value per  Redeemable  Unit  increased  10.3% from  $1,180.95  to  $1,302.16  as
compared to an increase of 10.8% for the nine months ended  September  30, 2002.
The Partnership  experienced a net trading gain before brokerage commissions and
related fees for the nine months ended  September 30, 2003 of $8,999,897.  Gains
were primarily  attributable to the trading of commodity  futures in currencies,
energy, U.S. and non-U.S.  interest rates, and indices and were partially offset
by losses in  grains,  metals,  and softs.  The  Partnership  experienced  a net
trading  gain  before  commissions  and related  fees for the nine months  ended


                                       14
<PAGE>

September  30, 2002 of  $8,738,314.  Gains were  primarily  attributable  to the
trading of commodity  futures in currencies,  U.S. and non-U.S.  interest rates,
indices and livestock  and were  partially  offset by losses in energy,  grains,
metals and softs.

     Commodity futures markets are highly volatile.  The potential for broad and
rapid price fluctuations  increases the risks involved in commodity trading, but
also increases the possibility of profit.  The  profitability of the Partnership
depends on the  existence  of major price trends and the ability of the Advisors
to correctly identify those price trends.  Price trends are influenced by, among
other things, changing supply and demand relationships,  weather,  governmental,
agricultural,   commercial  and  trade  programs  and  policies,   national  and
international  political and economic  events and changes in interest  rates. To
the extent that market trends exist and the Advisors are able to identify  them,
the Partnership expects to increase capital through operations.

     Interest income on 80% of the Partnership's daily equity maintained in cash
was earned at the monthly  average  30-day  U.S.  Treasury  bill yield.  CGM may
continue  to maintain  the  Partnership  assets in cash and/or  place all of the
Partnership  assets in 90-day  Treasury bills and pay the Partnership 80% of the
interest  earned on the  Treasury  bills  purchased.  CGM will retain 20% of any
interest earned on Treasury bills. Interest income for the three and nine months
ended  September 30, 2003  decreased by $80,878 and $182,722,  respectively,  as
compared to the  corresponding  periods in 2002. The decrease in interest income
is  primarily  due to the  decrease in interest  rates during the three and nine
months ended September 30, 2003 as compared to 2002.

     Brokerage  commissions  are  calculated on the  Partnership's  adjusted net
asset  value  on the  last  day of  each  month  and  are  affected  by  trading
performance and redemptions.  Accordingly,  they must be compared in relation to
the  fluctuations in the monthly net asset values.  Commissions and fees for the
three and nine months ended  September  30, 2003  increased by $556 and $91,191,
respectively,  as compared to the corresponding periods in 2002. The increase in
brokerage commissions for the three months ended September 30, 2003 is due to an
increase in clearing  fees offset by a decrease in average net assets during the
period.  The  increase  in  brokerage  commissions  for the  nine  months  ended
September  30,  2003 is due to an  increase  in average  net  assets  during the
period.

     Management  fees are  calculated as a percentage of the  Partnership's  net
asset value as of the end of each month and are affected by trading  performance
and  redemptions.  Management fees for the three and nine months ended September
30, 2003 decreased by $6,817 and increased by $68,695, respectively, as compared


                                       15
<PAGE>

to the  corresponding  periods in 2002. The decrease in management  fees for the
three months ended September 30, 2003 is due to a decrease in average net assets
during the period.  The  increase in  management  fees for the nine months ended
September  30,  2003 is due to an  increase  in average  net  assets  during the
period.

     Incentive  fees  paid  annually  by the  Partnership  are  based on the new
trading  profits  of the  Partnership  as  defined  in the  Limited  Partnership
Agreement.  Trading  performance  for the three months ended  September 30, 2003
resulted in the reversal of an incentive fee accrual of $58,462 and for the nine
months ended September 30, 2003,  trading  performance  resulted in an incentive
fee accrual of  $1,177,829.  Trading  performance  for the three and nine months
ended  September 30, 2002 resulted in an incentive fee accrual of $1,075,310 and
$1,188,434, respectively.


                                       16
<PAGE>


Item 3.  Quantitative and Qualitative Disclosures about Market Risk

     The  Partnership  is a speculative  commodity  pool.  The market  sensitive
instruments held by it are acquired for speculative trading purposes, and all or
substantially all of the Partnership's assets are subject to the risk of trading
loss. Unlike an operating company,  the risk of market sensitive  instruments is
integral, not incidental, to the Partnership's main line of business.

     Market  movements  result  in  frequent  changes  in the fair  value of the
Partnership's open positions and,  consequently,  in its earnings and cash flow.
The  Partnership's  market  risk is  influenced  by a wide  variety of  factors,
including the level and volatility of interest  rates,  exchange  rates,  equity
price  levels,   the  value  of  financial   instruments   and  contracts,   the
diversification effects of the Partnership's open positions and the liquidity of
the markets in which it trades.

     The  Partnership  rapidly  acquires  and  liquidates  both  long and  short
positions in a wide range of different markets. Consequently, it is not possible
to predict how a particular future market scenario will affect performance,  and
the Partnership's  past performance is not necessarily  indicative of its future
results.

     Value at Risk is a measure  of the  maximum  amount  which the  Partnership
could  reasonably  be expected to lose in a given market  sector.  However,  the
inherent uncertainty of the Partnership's speculative trading and the recurrence
in the markets  traded by the  Partnership  of market  movements  far  exceeding
expectations could result in actual trading or non-trading losses far beyond the
indicated Value at Risk or the Partnership's  experience to date (i.e., "risk of
ruin").  In  light  of the  foregoing  as well as the  risks  and  uncertainties
intrinsic to all future projections, the inclusion of the quantification in this
section should not be considered to constitute  any assurance or  representation
that the  Partnership's  losses in any market sector will be limited to Value at
Risk or by the Partnership's attempts to manage its market risk.

     Exchange  maintenance margin requirements have been used by the Partnership
as the measure of its Value at Risk.  Maintenance margin requirements are set by
exchanges  to equal or exceed  the  maximum  losses  reasonably  expected  to be
incurred  in the fair value of any given  contract  in  95%-99%  of any  one-day
interval.  Maintenance  margin  has been  used  rather  than the more  generally
available  initial  margin,  because  initial  margin  includes  a  credit  risk
component, which is not relevant to Value at Risk.


                                       17
<PAGE>


     The following table indicates the trading Value at Risk associated with the
Partnership's open positions by market category as of September 30, 2003 and the
highest and lowest  value at any point  during the three and nine  months  ended
September 30, 2003. All open position  trading risk exposures of the Partnership
have been included in calculating  the figures set forth below.  As of September
30, 2003, the Partnership's total capitalization was $51,008,976. There has been
no material change in the trading Value at Risk information previously disclosed
in the Form 10-K for the year ended December 31, 2002.

                               September 30, 2003
                                   (Unaudited)
<TABLE>
<CAPTION>


                                                            Year to Date
                                                    --------------------------------
                                      of Total            High         Low          Average
Market Sector        Value at Risk   Capitalization  Value at Risk  Value at Risk  Value  at Risk
--------------------------------------------------------------------------------------------------
<S>                          <C>          <C>            <C>             <C>          <C>
Currencies:
- Exchange Traded
   Contracts              $   91,584      0.18%       $  235,075   $    7,434   $  149,862
 - OTC Contracts           1,038,043      2.04%        1,416,977      632,415    1,006,602
Energy                       402,230      0.79%          982,800       65,600      528,203
Grains                        89,593      0.18%          166,741       35,754      101,238
Interest Rates U.S.          376,400      0.74%        1,035,700      100,050      404,961
Interest Rates Non-U.S       902,640      1.77%        1,818,180      412,510    1,065,239
Metals:
- Exchange Traded
   Contracts                 138,400      0.27%          211,900       64,500      154,522
 - OTC Contracts             230,725      0.45%          284,075       65,925      177,506
Softs                         92,200      0.18%          110,800       37,850       82,061
Indices                    1,078,559      2.11%        2,067,094       33,501      944,517
                           ---------   --------
Total                     $4,440,374      8.71%
                           =========   ========

</TABLE>



                                       18
<PAGE>



Item 4. Controls and Procedures

     Based on their  evaluation  of the  Partnership's  disclosure  controls and
procedures as of September 30, 2003, the President and Chief  Financial  Officer
of the General  Partner have  concluded  that such controls and  procedures  are
effective.

     During the  Partnership's  last fiscal quarter,  no changes occurred in the
Partnership's  internal  control over financial  reporting that have  materially
affected,  or are  reasonably  likely to materially  affect,  the  Partnership's
internal control over financial reporting.


                                       19
<PAGE>



                           PART II. OTHER INFORMATION

Item 1.   LEGAL PROCEEDINGS

     The following  information  supplements and amends our discussion set forth
under Part I, Item 3 "Legal  Proceedings" in the Company's Annual Report on Form
10-K for the fiscal year ended  December 31, 2002,  as updated by our  Quarterly
Reports on Form 10-Q for the quarters ended March 31, 2003 and June 30, 2003 and
our Current Report on Form 8-K dated April 28, 2003.

ENRON

TITTLE, ET AL. v. ENRON CORP., ET AL.

On September 30, 2003, all of the claims against Citigroup in this litigation
were dismissed.

Additional Actions

     Several additional actions,  previously identified,  have been consolidated
or  coordinated  with the Newby  action and are stayed,  except with  respect to
certain discovery,  until after the court's decision on class certification.  In
addition, on August 15, 2003, a purported class action was brought by purchasers
of Enron stock alleging state law claims of negligent misrepresentation,  fraud,
breach of fiduciary duty and aiding and abetting a breach of fiduciary  duty. On
August 29, 2003, an investment  company filed a lawsuit alleging that Citigroup,
CGM and several other  defendants  (including,  among others,  Enron's  auditor,
financial  institutions,  outside  law firms and rating  agencies)  engaged in a
conspiracy,  which purportedly caused plaintiff to lose credit (in the form of a
commodity  sales  contract)  it extended  to an Enron  subsidiary  in  purported
reliance on Enron's financial statements.  On September 24, 2003, Enron filed an
adversary proceeding in its chapter 11 bankruptcy proceedings to recover alleged
preferential  payments and fraudulent  transfers  involving  Citigroup,  CGM and
other  entities,  and to  disallow  or to  subordinate  bankruptcy  claims  that
Citigroup, CGM and other entities have filed against Enron.

Research

     In connection  with the global  research  settlement,  on October 31, 2003,
final  judgment  was entered  against CGM and nine other  investment  banks.  In
addition,  CGM has entered into  separate  settlement  agreements  with numerous
states and certain U.S. territories.

                                       20
<PAGE>


WORLDCOM

     Citigroup  and/or CGM are now named in  approximately  35 individual  state
court actions brought by pension funds and other  institutional  investors based
on underwriting of debt securities of WorldCom.  Most of these actions have been
removed to federal court and transferred to the United States District Court for
the Southern  District of New York for centralized  pretrial hearings with other
WorldCom actions.  On October 24, 2003, the court granted  plaintiffs' motion to
have this matter certified as a class action.

OTHER
     On November 3, 2003,  the United  States  District  Court for the  Southern
District of New York granted the  Company's  motion to dismiss the  consolidated
amended  complaint  asserting  violations of certain federal and state antitrust
laws by CGM and other  investment  banks in  connection  with the  allocation of
shares in initial public offerings underwritten by such parties.

Item 2.   Changes in Securities and Use of Proceeds - None

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. The  exhibits  required  to be filed by Item 601 of  Regulation  S-K are
     incorporated  herein by reference to the exhibit index of the Partnership's
     Report on Form 10-K for the period ended December 31, 2002.


     (a)  Exhibit - 31.1 - Rule 13a-14(a)/15d-14(a) Certifications
          (Certifications of President and Director)

          Exhibit - 31.2 - Rule 13a-14(a)/15d-14(a) Certifications
               (Certifications of Chief financial Officer and Director)

          Exhibit - 32.1 - Section 1350 Certifications (Certification of
               President and Director).

          Exhibit - 32.2 - Section 1350 Certifications (Certification of Chief
               Financial Officer and Director).

     (b)  Reports on Form 8-K - None



                                       21
<PAGE>


                                   SIGNATURES

     Pursuant  to the  requirements  of Section  13 or 15 (d) of the  Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

SALOMON SMITH BARNEY GLOBAL DIVERSIFIED FUTURES FUND L.P.


By:        Citigroup Managed Futures LLC
           (General Partner)


By:        /s/ David J. Vogel
           ----------------------------------------
           David J. Vogel, President and Director

Date:      11/13/03


     Pursuant to the  requirements of the Securities  Exchange Act of 1934, this
report  has  been  signed  below  by the  following  persons  on  behalf  of the
registrant and in the capacities and on the dates indicated.

By:        Citigroup Managed Futures LLC
           (General Partner)


By:        /s/ David J. Vogel
           -----------------------------------------
           David J. Vogel, President and Director


Date:      11/13/03


By:       /s/ Daniel R. McAuliffe, Jr.
          -------------------------------------
          Daniel R. McAuliffe, Jr.
          Chief Financial Officer and Director

Date: 11/13/03


                                       22
<PAGE>


                                                                    Exhibit 31.1

                                 CERTIFICATIONS

I, David J. Vogel, certify that:

1.   I have reviewed this quarterly  report on Form 10-Q of Salomon Smith Barney
     Global Diversified Futures Fund L.P. (the "registrant");

2.   Based on my knowledge, this report does not contain any untrue statement of
     a material  fact or omit to state a  material  fact  necessary  to make the
     statements made, in light of the circumstances  under which such statements
     were made,  not  misleading  with  respect  to the  period  covered by this
     report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in  this  report,  fairly  present  in all  material
     respects  the  financial   condition  and  results  of  operations  of  the
     registrant as of, and for, the periods presented in this report;

4.   The  registrant's  other  certifying  officer  and  I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

a)   designed such disclosure controls and procedures, or caused such disclosure
     controls and  procedures to be designed  under our  supervision,  to ensure
     that  material  information  relating  to  the  registrant,  including  its
     consolidated  subsidiaries,  is made  known to us by  others  within  those
     entities,  particularly  during the  period in which  this  report is being
     prepared;

b)   evaluated the  effectiveness  of the registrant's  disclosure  controls and
     procedures  and  presented  in  this  report  our  conclusions   about  the
     effectiveness of the disclosure  controls and procedures,  as of the end of
     the period covered by this report based on such evaluation; and

c)   disclosed in this report any change in the  registrant's  internal  control
     over financial  reporting that occurred during the registrant's most recent
     fiscal  quarter (the  registrant's  fourth fiscal quarter in the case of an
     annual report) that has  materially  affected,  or is reasonably  likely to
     materially  affect,  the  registrant's   internal  control  over  financial
     reporting; and

5.   The registrant's  other certifying  officer and I have disclosed,  based on
     our most recent evaluation of internal control over financial reporting, to
     the registrant's auditors and the audit committee of the registrant's board
     of directors (or persons performing the equivalent functions):



                                       23
<PAGE>

a)   all  significant  deficiencies  and  material  weaknesses  in the design or
     operation of internal control over financial reporting which are reasonably
     likely to adversely  affect the  registrant's  ability to record,  process,
     summarize and report financial information; and

b)   any fraud,  whether or not  material,  that  involves  management  or other
     employees who have a significant role in the registrant's  internal control
     over financial reporting.

Date: November 13, 2003

                                                   By:  /s/ David J. Vogel
                                                   -----------------------
                                                   David J. Vogel
                                                   Citigroup Managed Futures LLC
                                                   President and Director



                                       24
<PAGE>


                                                                    Exhibit 31.2
                                 CERTIFICATIONS

I, Daniel R. McAuliffe, Jr., certify that:

1.   I have reviewed this quarterly  report on Form 10-Q of Salomon Smith Barney
     Global Diversified Futures Fund L.P. (the "registrant");

2.   Based on my knowledge, this report does not contain any untrue statement of
     a material  fact or omit to state a  material  fact  necessary  to make the
     statements made, in light of the circumstances  under which such statements
     were made,  not  misleading  with  respect  to the  period  covered by this
     report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in  this  report,  fairly  present  in all  material
     respects  the  financial   condition  and  results  of  operations  of  the
     registrant as of, and for, the periods presented in this report;

4.   The  registrant's  other  certifying  officer  and  I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

a)   designed such disclosure controls and procedures, or caused such disclosure
     controls and  procedures to be designed  under our  supervision,  to ensure
     that  material  information  relating  to  the  registrant,  including  its
     consolidated  subsidiaries,  is made  known to us by  others  within  those
     entities,  particularly  during the  period in which  this  report is being
     prepared;

b)   evaluated the  effectiveness  of the registrant's  disclosure  controls and
     procedures  and  presented  in  this  report  our  conclusions   about  the
     effectiveness of the disclosure  controls and procedures,  as of the end of
     the period covered by this report based on such evaluation; and

c)   disclosed in this report any change in the  registrant's  internal  control
     over financial  reporting that occurred during the registrant's most recent
     fiscal  quarter (the  registrant's  fourth fiscal quarter in the case of an
     annual report) that has  materially  affected,  or is reasonably  likely to
     materially  affect,  the  registrant's   internal  control  over  financial
     reporting; and

5.   The registrant's  other certifying  officer and I have disclosed,  based on
     our most recent evaluation of internal control over financial reporting, to
     the registrant's auditors and the audit committee of the registrant's board
     of directors (or persons performing the equivalent functions):



                                       25
<PAGE>

a)   all  significant  deficiencies  and  material  weaknesses  in the design or
     operation of internal control over financial reporting which are reasonably
     likely to adversely  affect the  registrant's  ability to record,  process,
     summarize and report financial information; and

b)   any fraud,  whether or not  material,  that  involves  management  or other
     employees who have a significant role in the registrant's  internal control
     over financial reporting.

Date: November 13, 2003

                                            By:  /s/ Daniel R. McAuliffe, Jr.
                                            -----------------------
                                            Daniel R. McAuliffe, Jr.
                                            Citigroup Managed Futures LLC
                                            Chief Financial Officer and Director


                                       26
<PAGE>

                                                                    Exhibit 32.1

                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

     In  connection  with the  Quarterly  Report of Salomon  Smith Barney Global
Diversified  Futures Fund L.P. (the  "Partnership")  on Form 10-Q for the period
ending  September 30, 2003 as filed with the Securities and Exchange  Commission
on the date hereof (the "Report"),  I, David J. Vogel, President and Director of
Citigroup Managed Futures LLC, certify, pursuant to 18 U.S.C.ss 1350, as adopted
pursuant to ss 906 of the Sarbanes-Oxley Act of 2002, that:

     (1)  The Report fully  complies with the  requirements  of section 13(a) or
          15(d) of the Securities Exchange Act of 1934; and

     (2)  The  information  contained  in the  Report  fairly  presents,  in all
          material respects,  the financial  condition and results of operations
          of the Partnership.

By:  /s/ David J. Vogel
-----------------------
David J. Vogel
Citigroup Managed Futures LLC
President and Director

November 13, 2003


                                       27
<PAGE>


                                                                    Exhibit 32.2

                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

     In  connection  with the  Quarterly  Report of Salomon  Smith Barney Global
Diversified  Futures Fund L.P. (the  "Partnership")  on Form 10-Q for the period
ending  September 30, 2003 as filed with the Securities and Exchange  Commission
on the date hereof (the "Report"), I, Daniel R. McAuliffe,  Jr., Chief Financial
Officer and Director of Citigroup Managed Futures LLC,  certify,  pursuant to 18
U.S.C. ss 1350, as adopted pursuant to ss 906 of the Sarbanes-Oxley Act of 2002,
that:

     (1)  The Report fully  complies with the  requirements  of section 13(a) or
          15(d) of the Securities Exchange Act of 1934; and

     (2)  The  information  contained  in the  Report  fairly  presents,  in all
          material respects,  the financial  condition and results of operations
          of the Partnership.

By: /s/ Daniel R. McAuliffe, Jr.
-----------------------
Daniel R. McAuliffe, Jr.
Citigroup Managed Futures LLC
Chief Financial Officer and Director

November 13, 2003



                                       28