Exhibit
10.17

June 15, 2005

John W. Henry & Company,
Inc.

301 Yamato Road, Suite 2200

Boca
Raton, Fl. 33431-4931


Attn: Mr. Ken Webster


Re: Management
Agreement Renewals


Dear Mr. Webster:

We are writing with respect to your management agreements
concerning the commodity pools to which reference is made below (the
"Management Agreements"). We are extending
the term of the Management Agreements through June 30, 2006 and all
other provisions of the Management Agreements will remain
unchanged.

		
	• 	Shearson Mid-West
Futures Fund


		
	• 	Shearson Lehman
Select Advisors Futures Fund
L.P.


		
	• 	Smith Barney Mid-West
Futures Fund L.P. II


		
	• 	Smith
Barney Westport Futures Fund L.P.


		
	• 	Hutton Investors Futures Fund,
L.P. II (HIFF II)


		
	• 	AURORA
2001


		
	• 	AURORA
III


		
	• 	Citigroup Diversified
Futures Fund L.P.


		
	• 	Salomon Smith
Barney Diversified 2000 Futures Fund
L.P.


		
	• 	Alera
100


		
	• 	JWH Strategic Allocation
Master Fund LLC









Page 2
June 15,
2005

Please acknowledge receipt of this modification by
signing one copy of this letter and returning it to the attention of
Mr. Daniel McAuliffe at the address above or fax to 212-793-1986. If
you have any questions I can be reached at 212-559-5043.

Very truly yours,

CITIGROUP MANAGED FUTURES LLC

By:   /s/ Daniel R. McAuliffe, Jr.


Daniel R. McAuliffe, Jr.

Chief Financial Officer & Director

JOHN W. HENRY & COMPANY, INC.

By:   /s/ Ken
Webster        


Print Name:    Ken
Webster        


DRMcA/sr








Exhibit 10.17

June 15,
2005

Campbell & Company, Inc.

Court Tower Building

210 West Pennsylvania
Avenue

Suite 770

Towson, MD 21204

Attn: Ms. Terry Becks


Re: Management Agreement
Renewals


Dear Ms. Becks:

We are writing with
respect to your management agreements concerning the commodity pools to
which reference is made below (the "Management
Agreements"). We are extending the term of the Management
Agreements through June 30, 2006 and all other provisions of the
Management Agreements will remain
unchanged.

		
	• 	Smith Barney Potomac
Futures Fund L.P.


		
	• 	Smith Barney
Diversified Futures Fund
L.P.


		
	• 	Smith Barney Diversified
Futures Fund L.P. II


		
	• 	Smith
Barney Global Markets Futures Fund
L.P.


		
	• 	Smith Barney Global
Diversified Futures Fund
L.P.


		
	• 	Salomon Smith Barney
Diversified 2000 Futures Fund
L.P.


		
	• 	AURORA
2001


		
	• 	AURORA III


		
	• 	CMF Campbell Master Fund
L.P.









Page 2
June 15, 2005

Please
acknowledge receipt of this modification by signing one copy of this
letter and returning it to the attention of Mr. Daniel McAuliffe at the
address above or fax to 212-793-1986. If you have any questions I can
be reached at 212-559-5043.

Very truly yours,

CITIGROUP
MANAGED FUTURES LLC

By:   /s/ Daniel R.
McAuliffe, Jr.


Daniel R. McAuliffe,
Jr.
        Chief Financial Officer & Director

CAMPBELL & COMPANY, INC.

By:   /s/ Theresa
Becks        


Print Name:   Theresa
Becks        


DRMcA/sr








Exhibit 10.17

June 15,
2005

Aspect Capital Management Ltd.

Nations House – 8th Floor

103 Wigmore Street

London W1U 1QS, U.K.

Attention: Mr. Anthony Todd


Re:
Management Agreement Renewals


Dear Mr. Todd:

We are
writing with respect to your management agreements concerning the
commodity pools to which reference is made below (the
"Management Agreements"). We are extending
the term of the Management Agreements through June 30, 2006 and all
other provisions of the Management Agreements will remain
unchanged.

		
	• 	Salomon Smith Barney
Global Diversified Futures Fund
L.P.


		
	• 	Salomon Smith Barney
Diversified 2000 Futures Fund
L.P.


		
	• 	Citigroup Diversified
Futures Fund L.P.


		
	• 	Alera 100


Please acknowledge receipt of this modification by signing one copy
of this letter and returning it to the attention of Mr. Daniel
McAuliffe at the address above or fax to 212-793-1986. If you have any
questions I can be reached at 212-559-5043.

Very truly
yours,

CITIGROUP MANAGED FUTURES LLC

By:   /s/ Daniel R. McAuliffe,
Jr.            


Daniel R. McAuliffe,
Jr.

Chief Financial Officer & Director

By:   /s/ Simon Rockall            


Print Name:    Simon Rockall        


DRMcA/sr








Exhibit 10.17

June 15,
2005

Graham Capital Management, L.P.
 Rock Ledge
Financial Center
 40 Highland Avenue
 Rowayton, CT 06853

Attention: Mr. Paul Sedlack

Re: Management
Agreement Renewals

Dear Mr. Sedlack:

We are writing with
respect to your management agreements concerning the commodity pools to
which reference is made below (the "Management
Agreements"). We are extending the term of the Management
Agreements through June 30, 2006 and all other provisions of the
Management Agreements will remain
unchanged.

			
		• 	Smith
Barney Global Markets Futures
Fund


			
		• 	Smith Barney
Diversified Futures Fund L.P.
II


			
		• 	Smith Barney
Diversified Futures Fund
L.P.


			
		• 	Salomon Smith
Barney Diversified 2000 Futures Fund L.P.


			
		• 	AURORA
2001


			
		• 	AURORA
III


			
		• 	Salomon Smith
Barney Fairfield Futures Fund
L.P.


			
		• 	Citigroup
Diversified Futures Fund
L.P.


			
		• 	Citigroup
Fairfield Futures Fund L.P.
II


			
		• 	Alera
100


			
		• 	Alera Portfolio
Spc









June 15, 2005
Page 2

Please acknowledge receipt of this modification by signing
one copy of this letter and returning it to the attention of Mr. Daniel
McAuliffe at the address above or fax to 212-793-1986. If you have any
questions I can be reached at 212-559-5043.

Very truly
yours,

CITIGROUP MANAGED FUTURES LLC

By:   /s/ Daniel R. McAuliffe, Jr.


Daniel R. McAuliffe, Jr.
         Chief
Financial Officer & Director

By:   /s/ Paul
Sedlack


Print Name:    Paul
Sedlack        


DRMcA/sr