##### Table of Contents





UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 10-Q
  (X) QUARTERLY REPORT PURSUANT TO SECTION 13 or
    15(d)
  OF THE SECURITIES EXCHANGE ACT OF 1934
  For the
    quarterly period endedSeptember 30, 2010
  OR
    ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR
    15(d)
  OF THE
    SECURITIES EXCHANGE ACT OF 1934
  For the
    transition period from
    
    to
  Commission
    File Number 000-24111
  WESTPORT JWH FUTURES FUND L.P.
     New York

13-3939393(State or other jurisdiction of
    incorporation or organization)

(I.R.S. Employer
    Identification No.)   c/o Ceres
    Managed Futures LLC
    522 5th Ave  14th Floor
    New York, New York 10036
     (212) 296-1999
       Yes X  No
   Yes   No
    Large
    accelerated filer
    Accelerated filer
    Non-accelerated filer X
    Smaller
reporting company  Rule 12b-2
  Yes   No X




---



##### 



WESTPORT JWH FUTURES FUND L.P.
  FORM 10-Q
  INDEX
  PageNumberPART I  Financial Information:Item
    1.


Financial Statements:Statements of Financial Condition at
    September 30, 2010 (unaudited)  and December 31, 2009

3Condensed Schedules of Investments at
    September 30, 2010 (unaudited)  and December 31, 2009

4  5Statements of Income and Expenses and
    Changes in Partners Capital for the three  and nine months ended
    September 30, 2010 and 2009 (unaudited)

6Notes to Financial Statements including the Financial Statements of JWH
Master Fund LLC (unaudited)

7  22Item
    2.


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

23  25Item
    3.


Quantitative and Qualitative Disclosures about Market Risk

26   27Item
    4.


Controls and Procedures

28PART II  Other Information

29 - 32ExhibitsEx. 31.1 Certification
Ex. 31.2 Certification
Ex. 32.1 Certification
Ex. 32.2 CertificationEX-31.1EX-31.2EX-32.1EX-32.2   2




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##### Table of Contents



PART I  Item 1.
    Financial Statements  Westport
JWH Futures Fund L.P.
Statements of Financial Condition (Unaudited)September 30,
    
    December 31,2010
    
    2009Assets:Investment in JWH Master, at fair value
    
    
    $
    48,228,652
    
    $
    45,426,576Equity in trading account:Cash
    
    
    
    6,345,391
    
    
    7,806,822Cash margin
    
    
    
    811,050
    
    
    657,666Net unrealized appreciation on open futures contracts
    
    
    
    503,646
    
    
    133,994Net unrealized appreciation on open forward contracts
    
    
    
    42,461
    
    
    97,59455,931,200
    
    
    54,122,652Interest receivable
    
    
    
    540
    
    
    94Total assets
    
    
    $
    55,931,740
    
    $
    54,122,746Liabilities and Partners CapitalLiabilities:Accrued expenses:Brokerage fees
    
    
    $
    256,354
    
    $
    248,063Management fees
    
    
    
    92,704
    
    
    89,629Other
    
    
    
    52,933
    
    
    97,540Redemptions payable
    
    
    
    152,939
    
    
    226,129Total liabilities
    
    
    
    554,930
    
    
    661,361Partners Capital:General
Partner, 400.0879  and 509.1843 unit equivalents
outstanding at September 30, 2010 and December 31, 2009, respectively
    
    
    
    610,326
    
    
    717,660Limited
Partners, 35,901.1698 and 37,421.9094 Redeemable
Units   outstanding at September 30, 2010 and December 31, 2009, respectively
    
    
    
    54,766,484
    
    
    52,743,725Total partners capital
    
    
    
    55,376,810
    
    
    53,461,385Total liabilities and partners capital
    
    
    $
    55,931,740
    
    $
    54,122,746Net asset
value per unit
    
    
    $
    1,525.48
    
    $
    1,409.43
   3




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##### Table of Contents



Westport JWH Futures Fund L.P.
    Condensed Schedule of Investments
    September 30, 2010
    (Unaudited) Number of

    
    
    
    
    
    
    % of PartnersContracts
    
    
    Fair Value
    
    
    CapitalFutures Contracts PurchasedCurrencies
    
    
    36
    
    
    $
    56,350
    
    
    
    0.10
    %Grains
    
    
    38
    
    
    
    143,099
    
    
    
    0.26Indices
    
    
    30
    
    
    
    29,481
    
    
    
    0.05Interest Rates U.S.
    
    
    41
    
    
    
    1,994
    
    
    
    0.00
    *Interest Rates Non-U.S.
    
    
    50
    
    
    
    68,046
    
    
    
    0.12Livestock
    
    
    8
    
    
    
    (3,010
    )
    
    
    (0.00
    )*Metals
    
    
    6
    
    
    
    68,982
    
    
    
    0.13Softs
    
    
    26
    
    
    
    179,105
    
    
    
    0.32Total futures contracts purchased
    
    
    
    
    
    
    544,047
    
    
    
    0.98Futures Contracts SoldEnergy
    
    
    30
    
    
    
    (35,733
    )
    
    
    (0.06
    )Indices
    
    
    1
    
    
    
    (4,668
    )
    
    
    (0.01
    )Total futures contracts sold
    
    
    
    
    
    
    (40,401
    )
    
    
    (0.07
    )Unrealized Appreciation on Open Forward ContractsMetals
    
    
    15
    
    
    
    79,313
    
    
    
    0.14Total unrealized appreciation on open forward contracts
    
    
    
    
    
    
    79,313
    
    
    
    0.14Unrealized depreciation on open forward contractsMetals
    
    
    6
    
    
    
    (36,852
    )
    
    
    (0.06
    )Total unrealized depreciation on open forward contracts
    
    
    
    
    
    
    (36,852
    )
    
    
    (0.06
    )Investment in JWH Master
    
    
    
    
    
    
    48,228,652
    
    
    
    87.09Total fair value
    
    
    
    
    
    $
    48,774,759
    
    
    
    88.08
    %
  
  
 4




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##### Table of Contents



Westport JWH Futures Fund L.P.
    Condensed Schedule of Investments
    December 31, 2009
  Number of





% of PartnersContracts


Fair Value


CapitalFutures Contracts PurchasedEnergy


15


$
(6,418
)


(0.01
)%Grains


38



(6,114
)


(0.01
)Indices


32



62,155



0.12Interest Rates U.S.


17



(11,688
)


(0.02
)Interest Rates
    Non-U.S.


37



(49,016
)


(0.09
)Metals


6



(19,395
)


(0.04
)Softs


37



102,806



0.19Total futures contracts purchased






72,330



0.14Futures Contracts SoldCurrencies


25



42,394



0.08Interest Rates U.S.


18



21,750



0.04Livestock


8



(2,480
)


(0.01
)Total futures contracts sold






61,664



0.11Unrealized Appreciation on Open Forward ContractsMetals


14



97,594



0.18Total unrealized appreciation on open forward contracts






97,594



0.18Investment in JWH Master






45,426,576



84.97Total fair value





$
45,658,164



85.40
%    5




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##### Table of Contents



Westport
JWH Futures Fund L.P.Statements of Income and Expenses and Changes in Partners Capital
(Unaudited)
 Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2010
    
    
    2009
    
    
    2010
    
    
    2009Income:Net gains (losses) on trading of commodity
interests  and investment in JWH Master:Net realized gains (losses) on closed contracts
    
    $
    (22,057
    )
    
    $
    60,488
    
    
    $
    (315,497
    )
    
    $
    (236,247
    )Net realized gains (losses) on investment in JWH Master
    
    
    3,000,133
    
    
    
    (6,608,823
    )
    
    
    2,990,223
    
    
    
    (9,185,382
    )Change in
net unrealized gains (losses) on open contracts
    
    
    355,380
    
    
    
    324,178
    
    
    
    314,519
    
    
    
    48,552Change in net unrealized gains (losses) on investment in
JWH Master
    
    
    2,747,915
    
    
    
    2,740,574
    
    
    
    4,370,960
    
    
    
    18,510Gain (loss) from trading, net
    
    
    6,081,371
    
    
    
    (3,483,583
    )
    
    
    7,360,205
    
    
    
    (9,354,567
    )Interest income
    
    
    1,988
    
    
    
    2,005
    
    
    
    4,893
    
    
    
    6,635Interest income from JWH Master
    
    
    11,817
    
    
    
    11,350
    
    
    
    27,437
    
    
    
    38,242Total income (loss)
    
    
    6,095,176
    
    
    
    (3,470,228
    )
    
    
    7,392,535
    
    
    
    (9,309,690
    )Expenses:Brokerage
fees including clearing fees
    
    
    752,990
    
    
    
    842,426
    
    
    
    2,198,479
    
    
    
    2,925,538Management fees
    
    
    265,110
    
    
    
    298,718
    
    
    
    772,766
    
    
    
    1,041,092Other
    
    
    91,508
    
    
    
    76,097
    
    
    
    277,841
    
    
    
    240,747Total expenses
    
    
    1,109,608
    
    
    
    1,217,241
    
    
    
    3,249,086
    
    
    
    4,207,377Net income (loss)
    
    
    4,985,568
    
    
    
    (4,687,469
    )
    
    
    4,143,449
    
    
    
    (13,517,067
    )Additions
 Limited Partners
    
    
    1,415,700
    
    
    
    450,000
    
    
    
    2,654,700
    
    
    
    3,815,000Additions
 General Partner
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    200,000Redemptions  Limited Partners
    
    
    (1,061,235
    )
    
    
    (2,970,645
    )
    
    
    (4,732,724
    )
    
    
    (14,826,828
    )Redemptions
 General Partner
    
    
    
    
    
    
    
    
    
    
    (150,000
    )
    
    
    Net increase
(decrease) in Partners Capital
    
    
    5,340,033
    
    
    
    (7,208,114
    )
    
    
    1,915,425
    
    
    
    (24,328,895
    )Partners Capital, beginning of period
    
    
    50,036,777
    
    
    
    65,270,121
    
    
    
    53,461,385
    
    
    
    82,390,902Partners Capital, end of period
    
    $
    55,376,810
    
    
    $
    58,062,007
    
    
    $
    55,376,810
    
    
    $
    58,062,007Net asset value per unit (36,301.2577 and 38,579.4908 units outstanding
at September 30, 2010 and 2009, respectively)
    
    $
    1,525.48
    
    
    $
    1,505.00
    
    
    $
    1,525.48
    
    
    $
    1,505.00Net income (loss) per Redeemable Unit and General Partner unit equivalents
    
    $
    136.68
    
    
    $
    (116.39
    )
    
    $
    116.05
    
    
    $
    (317.83
    )Weighted
average units outstanding
    
    
    36,497.5175
    
    
    
    39,569.4517
    
    
    
    37,140.9871
    
    
    
    42,195.2369
   6




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##### Table of Contents



Westport JWH Futures Fund L.P.
    Notes to Financial Statements
    September 30, 2010
    (Unaudited)  1.
    General:          Form 10-K
       7




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##### Table of Contents



Westport JWH Futures Fund L.P.
    Notes to Financial Statements
    September 30, 2010 
    (Unaudited)
 2.
    Financial
    Highlights:   Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2010
    
    
    2009
    
    
    2010
    
    
    2009Net realized and unrealized gains (losses) *
    
    $
    146.07
    
    
    $
    (107.25
    )
    
    $
    143.47
    
    
    $
    (288.56
    )Interest income
    
    
    0.38
    
    
    
    0.33
    
    
    
    0.87
    
    
    
    1.06Expenses **
    
    
    (9.77
    )
    
    
    (9.47
    )
    
    
    (28.29
    )
    
    
    (30.33
    )Increase (decrease) for the period
    
    
    136.68
    
    
    
    (116.39
    )
    
    
    116.05
    
    
    
    (317.83
    )Net asset value per unit, beginning of period
    
    
    1,388.80
    
    
    
    1,621.39
    
    
    
    1,409.43
    
    
    
    1,822.83Net asset value per unit, end of period
    
    $
    1,525.48
    
    
    $
    1,505.00
    
    
    $
    1,525.48
    
    
    $
    1,505.00
 
 *
    
    Includes brokerage fees.**
    
    Excludes brokerage fees.  Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    

September 30,2010
    
    

2009
    
    

2010
    
    

2009Ratios to Average Net Assets:***Net investment income (loss) before incentive fees****
    
    
    (8.4
    )%
    
    
    (7.9
    )%
    
    
    (8.4
    )%
    
    
    (8.0
    )%Operating expense
    
    
    8.5
    %
    
    
    8.0
    %
    
    
    8.5
    %
    
    
    8.1
    %Incentive fees
    
    
    
    %
    
    
    
    %
    
    
    
    %
    
    
    
    %Total expenses
    
    
    8.5
    %
    
    
    8.0
    %
    
    
    8.5
    %
    
    
    8.1
    %Total return:Total return before incentive fees
    
    
    9.8
    %
    
    
    (7.2
    )%
    
    
    8.2
    %
    
    
    (17.4
    )%Incentive fees
    
    
    
    %
    
    
    
    %
    
    
    
    %
    
    
    
    %Total return after incentive fees
    
    
    9.8
    %
    
    
    (7.2
    )%
    
    
    8.2
    %
    
    
    (17.4
    )%
  ***
    
    Annualized (other than incentive fees).****
    
    Interest income less total expenses.   8




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##### Table of Contents



Westport
JWH Futures Fund L.P.
    Notes to Financial Statements
    September 30, 2010
    (Unaudited)
 3.
    Trading
    Activities:            AssetsFutures Contracts
    
    September 30, 2010Currencies
    
    $
    56,350Energy
    
    
    26,500Grains
    
    
    143,099Indices
    
    
    36,184Interest Rates U.S.
    
    
    10,056Interest Rates Non-U.S.
    
    
    86,655Metals
    
    
    68,983Softs
    
    
    179,105Total unrealized appreciation on open futures
contracts
    
    $
    606,932LiabilitiesFutures ContractsEnergy
    
    $
    (62,233
    )Indices
    
    
    (11,371
    )Interest Rates U.S.
    
    
    (8,063
    )Interest Rates Non-U.S.
    
    
    (18,609
    )Livestock
    
    
    (3,010
    )Total unrealized depreciation on open futures
contracts
    
    $
    (103,286
    )Net unrealized appreciation on open futures
contracts
    
    $
    503,646
    *AssetsForward Contracts
    
    September 30, 2010Metals
    
    $
    79,313Total unrealized appreciation on open forward
contracts
    
    $
    79,313LiabilitiesForward ContractsMetals
    
    $
    (36,852
    )Total unrealized depreciation on open forward
contracts
    
    
    (36,852
    )Net
unrealized appreciation on open forward
contracts
    
    $
    42,461
    **
 
 *
    
    This amount is in Net unrealized appreciation on open
futures contracts on the Statements of Financial Condition.**
    
    This amount is in Net unrealized appreciation on open forward contracts on the Statements of Financial Condition. 9




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##### Table of Contents



Westport
JWH Futures Fund L.P.
    Notes to Financial Statements
    September 30, 2010
    (Unaudited)
 December 31, 2009AssetsFutures ContractsCurrencies

$
42,569Energy


2,400Grains


1,600Interest Rates U.S.


23,000Indices


62,155Metals


9,125Softs


102,806Total unrealized appreciation on open futures contracts

$
243,655LiabilitiesFutures ContractsCurrencies

$
(175
)Energy


(8,818
)Grains


(7,714
)Interest Rates U.S.


(12,938
)Interest Rates
    Non-U.S.


(49,016
)Livestock


(2,480
)Metals


(28,520
)Total unrealized depreciation on open futures contracts

$
(109,661
)Net unrealized appreciation on open futures contracts

$
133,994
*  
 *
    
    This amount is in Net unrealized appreciation on open
    futures contracts on the Statements of Financial Condition.  December 31, 2009AssetsForward ContractsMetals

$
97,594Total unrealized appreciation on open forward contracts

$
97,594Net unrealized appreciation on open forward contracts

$
97,594
**  
 **
    
    This amount is in Net unrealized appreciation on open
    forward contracts on the Statements of Financial Condition.     Three Months Ended
    
    
    Three Months Ended
    
    
    Nine Months Ended
    
    
    Nine Months EndedSeptember 30, 2010
    
    
    September 30, 2009
    
    
    September 30, 2010
    
    
    September 30, 2009Sector
    
    Gain (loss) from trading
    
    
    Gain (loss) from trading
    
    
    Gain (loss) from trading
    
    
    Gain (loss) from tradingCurrencies
    
    $
    31,581
    
    
       $
 144,550
    
    
       $
    49,757
    
    
       $

    (195,364
    )Energy
    
    
    (134,318
    )
    
    
    (78,118
    )
    
    
    (310,907
    )
    
    
    18,793Grains
    
    
    74,628
    
    
    
    (109,345
    )
    
    
    (29,836
    )
    
    
    (109,585
    )Interest Rates U.S.
    
    
    166,788
    
    
    
    4,761
    
    
    
    317,804
    
    
    
    (126,900
    )Interest Rates Non-U.S.
    
    
    162,548
    
    
    
    24,633
    
    
    
    501,752
    
    
    
    (9,756
    )Indices
    
    
    (128,862
    )
    
    
    181,574
    
    
    
    (308,027
    )
    
    
    220,970Livestock
    
    
    16,630
    
    
    
    12,840
    
    
    
    11,810
    
    
    
    14,470Metals
    
    
    (38,244
    )
    
    
    177,965
    
    
    
    (153,078
    )
    
    
    65,492Softs
    
    
    182,572
    
    
    
    25,806
    
    
    
    (80,253
    )
    
    
    (65,815
    )Total
    
       $
    333,323
    
    
       $
    384,666
    
    
       $
    (978
    )
    
       $
    (187,695
    )
 10




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##### Table of Contents



Westport
JWH Futures Fund L.P.
    Notes to Financial Statements
    September 30, 2010
    (Unaudited)
  4.
    Fair
    Value Measurements:  Partnerships and JWH Masters Investments.
  Partnerships and JWH Masters Fair Value Measurements
   11




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##### Table of Contents



Westport JWH Futures Fund L.P.
    Notes to Financial Statements
   September 30, 2010
    (Unaudited)
    Quoted Prices inActive Markets for


Significant Other


SignificantIdentical Assets


Observable Inputs


Unobservable Inputs09/30/2010


(Level 1)


(Level 2)


(Level 3)AssetsFutures

$
503,646


$
503,646


$



$
Forwards


42,461



42,461







Investment in JWH Master


48,228,652







48,228,652



Total assets

$
48,774,759


$
546,107


$
48,228,652


$
Quoted Prices inActive Markets for


Significant Other


SignificantIdentical Assets


Observable Inputs


Unobservable Inputs12/31/2009


(Level 1)


(Level 2)


(Level 3)AssetsForwards
    
    $
    97,594
    
    
    $
    97,594
    
    
    $
    
    
    
    $
    Futures
    
    
    133,994
    
    
    
    133,994
    
    
    
    
    
    
    
    Investment in JWH Master
    
    
    45,426,576
    
    
    
    
    
    
    
    45,426,576
    
    
    
    Total assets
    
    $
    45,658,164
    
    
    $
    231,588
    
    
    $
    45,426,576
    
    
    
    Total fair value
    
    $
    45,658,164
    
    
    $
    231,588
    
    
    $
    45,426,576
    
    
    $
     5.   Investment in JWH Master:
          give-up,
 12




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##### Table of Contents



Westport JWH Futures Fund L.P.
    Notes to Financial Statements
September 30, 2010
    (Unaudited)
    JWH Master Fund LLC
Statements of Financial Condition
 (Unaudited)
September 30,
    
    
    December 31,2010
    
    
    2009Assets:Equity in trading account:Cash
    
    $
    47,006,041
    
    
    $
    52,728,434Cash margin
    
    
    6,816,142
    
    
    
    3,594,053Net unrealized appreciation on open futures contracts
    
    
    6,147,031
    
    
    
    637,268Total assets
    
    $
    59,969,214
    
    
    $
    56,959,755Liabilities
and Members Capital:Liabilities:Accrued expenses:Professional fees
    
    $
    51,774
    
    
    $
    26,739Total liabilities
    
    
    51,774
    
    
    
    26,739Members Capital:Members
Capital, 20,724.1361 and 23,163.2996 Units of Member Interest
outstanding at September 30, 2010
and December 31, 2009, respectively
    
    
    59,917,440
    
    
    
    56,933,016Total
liabilities and members capital
    
    $
    59,969,214
    
    
    $
    56,959,755Net asset value per Unit of Member Interest
    
    $
    2,891.19
    
    
    $
    2,457.90
  13




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##### Table of Contents



Westport
JWH Futures Fund L.P.Notes to Financial
StatementsSeptember 30, 2010(Unaudited)
  JWH
 Master Fund LLCCondensed Schedule of Investments
September 30, 2010(Unaudited)
  Number of
    
    
    
    
    
    
    % of MembersContracts
    
    
    Fair Value
    
    
    CapitalFutures Contracts PurchasedCurrencies
    
    
    496
    
    
    $
    1,120,100
    
    
    
    1.87
    %Energy
    
    
    44
    
    
    
    28,635
    
    
    
    0.05Grains
    
    
    304
    
    
    
    1,527,863
    
    
    
    2.55Indices
    
    
    36
    
    
    
    15,490
    
    
    
    0.03Interest Rates U.S.
    
    
    419
    
    
    
    30,334
    
    
    
    0.05Interest Rates Non-U.S.
    
    
    218
    
    
    
    176,411
    
    
    
    0.29Metals
    
    
    224
    
    
    
    2,122,580
    
    
    
    3.54Softs
    
    
    442
    
    
    
    1,050,979
    
    
    
    1.76Total futures contracts purchased
    
    
    
    
    
    
    6,072,392
    
    
    
    10.14Futures Contracts SoldEnergy
    
    
    46
    
    
    
    116,650
    
    
    
    0.19Indices
    
    
    10
    
    
    
    (42,011
    )
    
    
    (0.07
    )Total futures contracts sold
    
    
    
    
    
    
    74,639
    
    
    
    0.12Total fair value
    
    
    
    
    
    $
    6,147,031
    
    
    
    10.26
    %
 14




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##### Table of Contents



Westport
JWH Futures Fund L.P.
    Notes to Financial Statements
    September  30, 2010
    (Unaudited)
  JWH
Master Fund LLC
Condensed  Schedule of Investments
    December 31, 2009
  Number of





% of MembersContracts


Fair Value


CapitalFutures Contracts PurchasedEnergy


39


$
(92,032
)


(0.16
)%Grains


158



(31,000
)


(0.05
)Indices


86



162,509



0.28Interest Rates
    Non-U.S.


232



(123,114
)


(0.22
)Softs


320



652,578



1.15Total futures contracts purchased






568,941



1.00Futures Contracts SoldCurrencies


181



118,063



0.21Energy


34



(128,500
)


(0.23
)Grains


80



(42,438
)


(0.07
)Interest Rates
    Non-U.S.


32



(46,200
)


(0.08
)Interest Rates U.S.


78



23,812



0.04Softs


276



143,590



0.25Total futures contracts sold






68,327



0.12Total fair value





$
637,268



1.12
% 15




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##### Table of Contents



Westport
JWH Futures Fund L.P.
    Notes to Financial Statements
    September 30, 2010
    (Unaudited)
 JWH Master Fund LLC
Statements of Income and Expenses and Changes in Members Capital
(Unaudited)
 Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2010
    
    
    2009
    
    
    2010
    
    

2009Income:Net gains (losses) on trading of commodity
interests:Net realized
gains (losses) on closed contracts
    
    $
    3,722,007
    
    
    $
    (7,994,245
    )
    
    $
    3,742,616
    
    
    $
    (10,798,223
    )Change in
net unrealized gains (losses) on open contracts
    
    
    3,483,345
    
    
    
    3,349,457
    
    
    
    5,509,763
    
    
    
    265,306Gain (loss) from trading, net
    
    
    7,205,352
    
    
    
    (4,644,788
    )
    
    
    9,252,379
    
    
    
    (10,532,917
    )Interest income
    
    
    15,633
    
    
    
    14,381
    
    
    
    36,301
    
    
    
    45,985Total income (loss)
    
    
    7,220,985
    
    
    
    (4,630,407
    )
    
    
    9,288,680
    
    
    
    (10,486,932
    )Expenses:Clearing fees
    
    
    21,826
    
    
    
    17,901
    
    
    
    65,924
    
    
    
    50,427Professional fees
    
    
    33,631
    
    
    
    4,185
    
    
    
    87,843
    
    
    
    31,530Total expenses
    
    
    55,457
    
    
    
    22,086
    
    
    
    153,767
    
    
    
    81,957Net income (loss)
    
    
    7,165,528
    
    
    
    (4,652,493
    )
    
    
    9,134,913
    
    
    
    (10,568,889
    )Additions
    
    
    1,132,560
    
    
    
    1,666,000
    
    
    
    2,243,760
    
    
    
    8,478,500Redemptions
    
    
    (2,886,082
    )
    
    
    (4,073,470
    )
    
    
    (8,357,948
    )
    
    
    (22,966,613
    )Distribution of interest income to feeder funds
    
    
    (15,633
    )
    
    
    (14,381
    )
    
    
    (36,301
    )
    
    
    (45,985
    )Net increase (decrease) in Members Capital
    
    
    5,396,373
    
    
    
    (7,074,344
    )
    
    
    2,984,424
    
    
    
    (25,102,987
    )Members Capital, beginning of period
    
    
    54,521,067
    
    
    
    68,309,615
    
    
    
    56,933,016
    
    
    
    86,338,258Members Capital, end of period
    
    $
    59,917,440
    
    
    $
    61,235,271
    
    
    $
    59,917,440
    
    
    $
    61,235,271Net asset value per Unit
of Member Interest (20,724.1361 and 23,642.6583 Units of Member
Interest outstanding at
September 30, 2010 and 2009, respectively)
    
    $
    2,891.19
    
    
    $
    2,590.03
    
    
    $
    2,891.19
    
    
    $
    2,590.03Net income (loss) per Unit of Member Interest
    
    $
    340.90
    
    
    $
    (191.59
    )
    
    $
    434.96
    
    
    $
    (427.87
    )Weighted average units outstanding
    
    
    21,522.4463
    
    
    
    24,471.0597
    
    
    
    22,330.1925
    
    
    
    25,714.9094
  16




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##### Table of Contents



Westport JWH Futures Fund L.P.
    Notes to Financial Statements
   September 30, 2010
    (Unaudited)
    Quoted Prices inActive Markets


Significant Other


Significantfor Identical


Observable Inputs


Unobservable09/30/2010


Assets (Level 1)


(Level 2)


Inputs (Level 3)AssetsFutures

$
6,147,031


$
6,147,031


$



$
Total assets


6,147,031



6,147,031







Total fair value

$
6,147,031


$
6,147,031


$



$
Quoted Prices inActive Markets
    
    
    Significant Other
    
    
    Significantfor Identical
    
    
    Observable Inputs
    
    
    Unobservable12/31/2009
    
    
    Assets (Level 1)
    
    
    (Level 2)
    
    

Inputs (Level 3)AssetsFutures
    
    $
    637,268
    
    
    $
    637,268
    
    
    $
    
    
    
    $
    Total assets
    
    
    637,268
    
    
    
    637,268
    
    
    
    
    
    
    
    Total fair value
    
    $
    637,268
    
    
    $
    637,268
    
    
    $
    
    
    
    $
     17




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##### Table of Contents



Westport
JWH Futures Fund L.P.
    Notes to Financial Statements
    September 30, 2010
    (Unaudited)
   Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2010
    
    
    2009
    
    
    2010
    
    
    2009Net realized and
unrealized gains (losses)
*
    
    $
    341.76
    
    
    $
    (192.01
    )
    
    $
    437.34
    
    
    $
    (428.46
    )Interest income
    
    
    0.74
    
    
    
    0.60
    
    
    
    1.67
    
    
    
    1.86Expenses **
    
    
    (1.60
    )
    
    
    (0.18
    )
    
    
    (4.05
    )
    
    
    (1.27
    )Increase (decrease) for
the period
    
    
    340.90
    
    
    
    (191.59
    )
    
    
    434.96
    
    
    
    (427.87
    )Distribution of interest income to feeder funds
    
    
    (0.74
    )
    
    
    (0.60
    )
    
    
    (1.67
    )
    
    
    (1.86
    )Net asset value per
 Unit of Member Interest, beginning
of period
    
    
    2,551.03
    
    
    
    2,782.22
    
    
    
    2,457.90
    
    
    
    3,019.76Net asset value per
 Unit of Member Interest, end of
period
    
    $
    2,891.19
    
    
    $
    2,590.03
    
    
    $
    2,891.19
    
    
    $
    2,590.03
 
 *
    
    Includes clearing fees.**
    
    Excludes clearing fees. Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2010
    
    
    2009
    
    
    2010
    
    
    2009Ratios to Average Net
Assets:***Net investment income (loss)****
    
    
    (0.3
    )%
    
    
    (0.0
    )*****
    
    
    (0.3
    )%
    
    
    (0.1
    )Operating expense
    
    
    0.4
    %
    
    
    0.1
    
    
    
    0.4
    %
    
    
    0.2Total return
    
    
    13.4
    %
    
    
    (6.9
    )
    
    
    17.7
    %
    
    
    (14.2
    )
 
 ***
    
    Annualized.****
    
    Interest income less total expenses (exclusive of incentive fees).*****
    
    Due to rounding.     18




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##### Table of Contents



Westport
JWH Futures Fund L.P.
    Notes to Financial Statements
    September 30, 2010
    (Unaudited)
    September 30, 2010AssetsFutures ContractsCurrencies
    
    $
    1,175,837Energy
    
    
    145,635Grains
    
    
    1,527,863Indices
    
    
    23,725Interest Rates U.S.
    
    
    87,650Interest Rates Non-U.S.
    
    
    256,613Metals
    
    
    2,122,580Softs
    
    
    1,090,996Total unrealized appreciation on open futures contracts
    
    $
    6,430,899LiabilitiesFutures ContractsCurrencies
    
    $
    (55,737
    )Energy
    
    
    (350
    )Indices
    
    
    (50,246
    )Interest Rates U.S.
    
    
    (57,316
    )Interest Rates Non-U.S.
    
    
    (80,202
    )Softs
    
    
    (40,017
    )Total unrealized depreciation on open futures contracts
    
    $
    (283,868
    )Net unrealized appreciation on open futures contracts
    
    $
    6,147,031
    *December 31, 2009AssetsFutures ContractsCurrencies

$
135,325Grains


45,050Indices


162,509Interest Rates U.S.


23,812Softs


799,918Total unrealized appreciation on open futures contracts

$
1,166,614LiabilitiesFutures ContractsCurrencies

$
(17,262
)Energy


(220,532
)Grains


(118,488
)Interest Rates
    Non-U.S.


(169,314
)Softs


(3,750
)Total unrealized depreciation on open futures contracts

$
(529,346
)Net unrealized appreciation on open futures contracts

$
637,268
*
  
 *
    
    This amount is in Net unrealized appreciation on open
    futures contracts on the Statements of Financial Condition. 19




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##### Table of Contents



Westport
JWH Futures Fund L.P.
    Notes to Financial Statements
    September 30, 2010
    (Unaudited)
 
 Three Months
    
    
    Three Months
    
    
    Nine Months
    
    
    Nine MonthsSeptember 30, 2010
    
    
    September 30, 2009
    
    
    September 30, 2010
    
    
    September 30, 2009Sector
    
    Gain (loss) from trading
    
    
    Gain (loss) from trading
    
    
    Gain (loss) from trading
    
    
    Gain (loss) from tradingCurrencies
    
    $
    2,412,125
    
    
    $
    (210,932
    )
    
    $
    4,154,887
    
    
    $
    (2,659,912
    )Energy
    
    
    (1,657,922
    )
    
    
    (3,333,062
    )
    
    
    (3,597,964
    )
    
    
    (2,848,249
    )Grains
    
    
    1,629,264
    
    
    
    (125,172
    )
    
    
    984,727
    
    
    
    (621,673
    )Indices
    
    
    (336,626
    )
    
    
    (21,471
    )
    
    
    (769,004
    )
    
    
    403,538Interest Rates U.S.
    
    
    1,504,568
    
    
    
    (1,010,666
    )
    
    
    3,117,926
    
    
    
    (2,578,687
    )Interest Rates Non-U.S.
    
    
    862,921
    
    
    
    (483,054
    )
    
    
    3,414,090
    
    
    
    (1,626,430
    )Softs
    
    
    1,751,952
    
    
    
    26,219
    
    
    
    2,614,292
    
    
    
    (101,554
    )Metals
    
    
    1,039,070
    
    
    
    513,350
    
    
    
    (666,575
    )
    
    
    (499,950
    )Total
    
    $
    7,205,352
    **
    
    $
    (4,644,788
    )**
    
    $
    9,252,379
    **
    
    $
    (10,532,917
    )**
 
 **
    
    This amount is in Gain (loss) from trading, net on the
Statements of Income and Expenses and Changes in Members
Capital. 6.
    Financial
Instrument Risks:           20




---



##### Table of Contents



Westport
JWH Futures Fund L.P.
    Notes to Financial Statements
    September 30, 2010
    (Unaudited)
  7. Critical
    Accounting Policies:
  Use of Estimates.
  Statement of Cash Flows.
  Partnerships and JWH Masters Investments.
  Partnerships and JWH Masters Fair Value Measurements.
    Futures Contracts.
  21




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##### Table of Contents



Westport
JWH Futures Fund L.P.
    Notes to Financial Statements
    September 30, 2010
    (Unaudited)
  London Metals Exchange Forward
    Contracts.
   Income Taxes.
     Subsequent Events.
  Recent Accounting Pronouncements
   Net
Income (Loss) per Redeemable Unit and General Partner Unit Equivalents
 8. Subsequent Event:
  22




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##### Table of Contents



Item 2.
    Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations.  Liquidity
    and Capital Resources
            Critical
Accounting Policies
  Partnerships and JWH Masters Investments.
  Partnerships and JWH Masters Fair Value Measurements.
   23




---



##### Table of Contents



Futures Contracts.
  London Metals Exchange Forward
    Contracts.
  Results of Operations
         24




---



##### Table of Contents



30-day and/or 90-day
         25




---



##### Table of Contents



Item 3.
    Quantitative
    and Qualitative Disclosures about Market Risk            one-day
    September 30, 2010
(Unaudited)
 % of TotalMarket Sector
    
    Value at Risk
    
    
    CapitalizationCurrencies
    
    $
    1,238,952
    
    
    
    2.24
    %Energy
    
    
    350,587
    
    
    
    0.63
    %Grains
    
    
    428,066
    
    
    
    0.77
    %Interest Rates U.S.
    
    
    488,551
    
    
    
    0.88
    %Interest Rates Non-U.S.
    
    
    667,986
    
    
    
    1.21
    %Livestock
    
    
    6,800
    
    
    
    0.01
    %Metals
    
    
    896,209
    
    
    
    1.62
    %Softs
    
    
    682,853
    
    
    
    1.23
    %Indices
    
    
    229,090
    
    
    
    0.42
    %Total
    
    $
    4,989,094
    
    
    
    9.01
    %
 26




---



##### Table of Contents



September 30,
    2010
    (Unaudited)
 Three Months Ended September 30, 2010% of Total
    
    
    High
    
    
    Low
    
    
    AverageMarket Sector
    
    Value at Risk
    
    
    Capitalization
    
    
    Value at Risk
    
    
    Value at Risk
    
    
    Value at Risk*Currencies
    
    $
    106,800
    
    
    
    0.19
    %
    
    $
    108,600
    
    
    $
    58,028
    
    
    
    81,713Energy
    
    
    109,280
    
    
    
    0.20
    %
    
    
    112,000
    
    
    
    46,674
    
    
    
    100,853Grains
    
    
    48,750
    
    
    
    0.09
    %
    
    
    51,550
    
    
    
    5,500
    
    
    
    39,758Interest Rates U.S.
    
    
    58,600
    
    
    
    0.11
    %
    
    
    60,950
    
    
    
    54,850
    
    
    
    59,133Interest Rates Non -U.S.
    
    
    102,588
    
    
    
    0.18
    %
    
    
    102,588
    
    
    
    71,176
    
    
    
    84,905Livestock
    
    
    6,800
    
    
    
    0.01
    %
    
    
    6,800
    
    
    
    4,900
    
    
    
    5,533Metals
    
    
    83,845
    
    
    
    0.15
    %
    
    
    93,240
    
    
    
    49,115
    
    
    
    75,388Softs
    
    
    75,400
    
    
    
    0.14
    %
    
    
    76,200
    
    
    
    22,800
    
    
    
    69,583Indices
    
    
    111,963
    
    
    
    0.20
    %
    
    
    129,367
    
    
    
    56,541
    
    
    
    88,805Totals
    
    $
    704,026
    
    
    
    1.27
    %
 *
    
    Average of month-end Values at Risk.    September 30,
    2010
    (Unaudited)
 Three Months Ended September 30, 2010% of Total
    
    
    High
    
    
    Low
    
    
    AverageMarket Sector
    
    Value at Risk
    
    
    Capitalization
    
    
    Value at Risk
    
    
    Value at Risk
    
    
    Value at Risk*Currencies
    
    $
    1,406,400
    
    
    
    2.35
    %
    
    $
    1,406,400
    
    
    $
    50,000
    
    
    $
    1,164,100Energy
    
    
    299,760
    
    
    
    0.50
    %
    
    
    813,000
    
    
    
    198,450
    
    
    
    542,687Grains
    
    
    471,200
    
    
    
    0.79
    %
    
    
    828,400
    
    
    
    21,645
    
    
    
    602,633Interest Rates U.S.
    
    
    534,100
    
    
    
    0.89
    %
    
    
    624,600
    
    
    
    441,300
    
    
    
    582,367Interest Rates Non -U.S.
    
    
    702,358
    
    
    
    1.17
    %
    
    
    784,708
    
    
    
    356,336
    
    
    
    609,295Metals
    
    
    1,009,148
    
    
    
    1.68
    %
    
    
    1,009,148
    
    
    
    161,538
    
    
    
    642,516Softs
    
    
    754,600
    
    
    
    1.26
    %
    
    
    768,800
    
    
    
    268,000
    
    
    
    552,467Indices
    
    
    145,499
    
    
    
    0.24
    %
    
    
    264,209
    
    
    
    121,497
    
    
    
    175,849Total
    
    $
    5,323,065
    
    
    
    8.88
    %
 *
    
    Average of month-end Values at Risk. 27




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##### Table of Contents



Item 4.
    Controls
    and Procedures      Rules 13a-15(e) 15d-15(e)
  internal control over financial
    reporting
  
    pertain to the maintenance of records that in reasonable detail
    accurately and fairly reflect the transactions and dispositions
    of the assets of the Partnership;
    provide reasonable assurance that (i) transactions are
    recorded as necessary to permit preparation of financial
    statements in accordance with GAAP, and (ii) the Partnerships
    receipts are handled and expenditures are made only pursuant to
    authorizations of the General Partner; and
    provide reasonable assurance regarding prevention or timely
    detection of unauthorized acquisition, use or disposition of the
    Partnerships assets that could have a material effect on
    the financial statements.   28




---



##### Table of Contents



PART II.
    OTHER INFORMATION  Item 1.
    Legal
    Proceedings  29




---



##### Table of Contents



Item 1A.
    Risk
    Factors   Item 2.
    Unregistered
    Sales of Equity Securities and Use of Proceeds        (d) Maximum Number(or Approximate(c) Total Number



Dollar Value) of Sharesof Shares (or Units)



(or Units) that(a) Total Number



(b) Average



Purchased as Part



May Yet Beof Shares



Price Paid per



of Publicly Announced



Purchased Under thePeriod


(or Units) Purchased*



Share (or Unit)**



Plans or Programs



Plans or ProgramsJuly 1, 2010 - July 31, 2010



229.2402



$
1,373.22




N/A




N/AAugust 1, 2010 -August 31, 2010



408.5799



$
1,452.59




N/A




N/ASeptember 1, 2010 - September 30, 2010



100.2564



$
1,525.48




N/A




N/ATotal



738.0765



$
1,437.84   *
    
    Generally, Limited Partners are permitted to redeem their
    Redeemable Units as of the last day of each month on
    10 days notice to the General Partner. Under certain
    circumstances, the General Partner can compel redemption, but, to
    date, the General Partner has not exercised this right. Purchases
    of Redeemable Units by the Partnership reflected in the chart
    above were made in the ordinary course of the Partnerships
    business in connection with effecting redemptions for Limited
    Partners.**
    
    Redemptions of Redeemable Units are effected as of the last day
    of each month at the net asset value per Redeemable Unit as of
    that day. No fee will be charged for redemptions.  Item 3.
    Defaults
    Upon Senior Securities  None  Item 4.
    [Removed and Reserved]  Item 5.
    Other
    Information  None 30




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##### Table of Contents



3.1
    
    Limited Partnership Agreement, dated March 21, 1997 (filed as Exhibit A
to the Registration Statement on Form S-1 filed on April 10, 1997 and incorporated
herein by reference).
 3.2
    
    Certificate of Limited Partnership of the Partnership as filed in the
office of the Secretary of State of the State of New York, dated March 21, 1997
(filed as Exhibit 3.2 to the Registration Statement on Form S-1 filed on April 10,
1997 and incorporated herein by reference).
 (a)
    
    Certificate of Amendment of the Certificate of Limited Partnership as
filed in the office of the Secretary of State of New York, dated October 1, 1999
(filed as Exhibit 3.2(a) to the Form 10-Q filed on November 16, 2009 and
incorporated herein by reference).
 (b)
    
    Certificate of Change of the Certificate of Limited Partnership as filed
in the office of the Secretary of State of New York, effective January 31, 2000
(filed as Exhibit 3.2(b) to the Form 10-Q filed on November 16, 2009 and
incorporated herein by reference).
 (c)
    
    Certificate of Amendment of the Certificate of Limited Partnership as
filed in the office of the Secretary of State of New York, dated May 21, 2003 (filed
as Exhibit 3.2(c) to the Form 10-Q filed on November 16, 2009 and incorporated
herein by reference).
 (d)
    
    Certificate of Amendment of the Certificate of Limited Partnership as
filed in the office of the Secretary of State of New York, dated September 21, 2005
(filed as Exhibit 3.2(d) to the Form 10-Q filed on November 16, 2009 and
incorporated herein by reference).
 (e)
    
    Certificate of Amendment of the Certificate of Limited Partnership as
filed in the office of the Secretary of State of New York, dated September 19, 2008
(filed as Exhibit 3.2(e) to the Form 10-Q filed on November 16, 2009 and
incorporated herein by reference).
 (f)
    
    Certificate of Amendment of the Certificate of Limited Partnership as
filed in the office of the Secretary of State of New York, dated September 28, 2009
(filed as Exhibit 99.1 to the Form 8-K filed on September 29, 2009 and incorporated
herein by reference).
 (g)
    
    Certificate of Amendment of the Certificate of Limited
Partnership as filed in the office of the Secretary of
State of New York, dated
June 29, 2010 (filed as Exhibit 3.2(g)  to the Form 8-K filed on July 2, 2010 and incorporated herein by reference).
 10.1
    
    Form of Customer Agreement between the Partnership and Smith Barney Inc.
(filed as Exhibit 10.1 to the Registration Statement on Form S-1 filed on April 10,
1997 and incorporated herein by reference).
 (a)
    
    Amendment No. 1 to the Customer Agreement, dated March 1, 2000 (filed as
Exhibit 10.1(a) to the Form 10-Q filed on November 16, 2009 and incorporated herein
by reference).
 10.2
    
    Form of Escrow Agreement and Instructions relating to escrow of
subscription funds (filed as Exhibit 10.3 to the Registration Statement on Form S-1
filed on April 10, 1997 and incorporated herein by reference).
 (a)
    
    Amendment to the Escrow Agreement and Instructions relating to escrow of
subscription funds, dated April 8, 1997 (filed as Exhibit 10.2(a) to the Form 10-Q
filed on November 16, 2009 and incorporated herein by reference).
 10.3
    
    Amended and Restated Management Agreement among the Partnership, the
General Partner and John W. Henry & Company Inc., dated March 1, 2000 (filed as
Exhibit 10.3 to the Form 10-Q filed on November 16, 2009 and incorporated herein by
reference).
 (a)
    
    Amendment No. 1 to the Amended and Restated Management Agreement, dated
September 10, 2000 (filed as Exhibit 10.3(a) to the Form 10-Q filed on November 16,
2009 and incorporated herein by reference).
 (b)
    
    Letter extending the Amended and Restated Management Agreement among the
Partnership, the General Partner and John W. Henry & Company, Inc. for 2008, dated
June 5, 2008 (filed as Exhibit 10.14 to the Form 10-K filed on March 31, 2009 and
incorporated herein by reference).
 (c)
    
    Letter extending the Amended and Restated Management Agreement among the
Partnership, the General Partner and John W. Henry & Company, Inc. for 2009, dated
June 9, 2009 (filed Exhibit 10.3(c) to the Form 10-K filed on March 31, 2010 and
incorporated herein by reference).
 10.4
    
    Form of Subscription Agreement (filed as Exhibit 10.4 to the Form 10-Q
filed on November 16, 2009 and incorporated herein by reference).
 10.5
    
    Agency Agreement among the Partnership, the General Partner, Morgan
Stanley Smith Barney LLC and Citigroup Global Markets Inc., dated November 11, 2009
(filed as Exhibit 10.5 to the Form 10-Q filed on November 16, 2009 and incorporated
herein by reference).
 10.6
    
    Joinder Agreement among the General Partner, Citigroup Global Markets
Inc., and Morgan Stanley Smith Barney LLC dated as of June 1, 2009 (filed as Exhibit
10 to the Form 10-Q filed on August 14, 2009 and incorporated herein by reference).
  31.1
    
     Rule 13a-14(a)/15d-14(a) Certification (Certification of President and
Director)
 31.2
    
     Rule 13a-14(a)/15d-14(a) Certification (Certification of Chief Financial
Officer, Secretary and Director)
 32.1
    
     Section 1350 Certification (Certification of President and Director)
 32.2
    
     Section 1350 Certification (Certification of Chief Financial Officer, Secretary and Director)
 31




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##### Table of Contents



SIGNATURES
    WESTPORT JWH FUTURES FUND L.P.
  By:
    Ceres Managed Futures LLC    By:
    /s/ Walter Davis     Date: November 12, 2010  By:
    /s/  Jennifer
    Magro   
  Date: November 12, 2010 32