##### 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 endedMarch 31, 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
    55 East 59th Street  10th Floor
    New York, New York 10022
     (212) 559-2011
       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
    March 31, 2010 and December 31, 2009 (unaudited)

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

4  5Statements of Income and Expenses and
    Changes in Partners Capital for the three  months ended
    March 31, 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) March 31,
    
    
    December 31,2010
    
    
    2009Assets:Investment in JWH Master, at fair value
    
    $
    42,157,734
    
    
    $
    45,426,576Equity in trading account:Cash
    
    
    7,166,744
    
    
    
    7,806,822Cash margin
    
    
    739,459
    
    
    
    657,666Net unrealized appreciation on open futures contracts
    
    
    246,068
    
    
    
    133,994Net unrealized appreciation on open forward contracts
    
    
    45,622
    
    
    
    97,59450,355,627
    
    
    
    54,122,652Interest receivable
    
    
    600
    
    
    
    94Total assets
    
    $
    50,356,227
    
    
    $
    54,122,746Liabilities and Partners CapitalLiabilities:Accrued expenses:Brokerage fees
    
    $
    230,799
    
    
    $
    248,063Management fees
    
    
    83,329
    
    
    
    89,629Other
    
    
    127,808
    
    
    
    97,540Redemptions payable
    
    
    455,178
    
    
    
    226,129Total liabilities
    
    
    897,114
    
    
    
    661,361Partners Capital:General Partner 509.1843  Unit equivalents
outstanding at March 31, 2010 and December 31, 2009
    
    
    676,207
    
    
    
    717,660Limited Partners, 36,733.4334 and 37,421.9094 Redeemable
Units of Limited Partnership Interest outstanding at March 31, 2010 and December 31, 2009, respectively
    
    
    48,782,906
    
    
    
    52,743,725Total partners capital
    
    
    49,459,113
    
    
    
    53,461,385Total liabilities and partners capital
    
    $
    50,356,227
    
    
    $
    54,122,746Net asset value per Unit
    
    $
    1,328.02
    
    
    $
    1,409.43
   3




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##### Table of Contents



Westport JWH Futures Fund L.P.
    Condensed Schedule of Investments
    March 31, 2010
    (Unaudited) Number of
    
    
    
    
    
    
    % of PartnersContracts
    
    
    Fair Value
    
    
    CapitalFutures Contracts PurchasedEnergy
    
    
    10
    
    
    $
    14,808
    
    
    
    0.03
    %Indices
    
    
    34
    
    
    
    47,012
    
    
    
    0.10Interest Rates U.S.
    
    
    17
    
    
    
    1,275
    
    
    
    0.00
    *Interest Rates Non-U.S.
    
    
    37
    
    
    
    (35,209
    )
    
    
    (0.07
    )Livestock
    
    
    17
    
    
    
    (450
    )
    
    
    (0.00
    )*Metals
    
    
    6
    
    
    
    23,035
    
    
    
    0.05Softs
    
    
    11
    
    
    
    26,400
    
    
    
    0.05Total futures contracts purchased
    
    
    
    
    
    
    76,871
    
    
    
    0.16Futures Contracts SoldCurrencies
    
    
    63
    
    
    
    123,881
    
    
    
    0.25Energy
    
    
    12
    
    
    
    15,840
    
    
    
    0.03Grains
    
    
    31
    
    
    
    35,556
    
    
    
    0.07Interest Rates U.S.
    
    
    17
    
    
    
    (8,390
    )
    
    
    (0.02
    )Softs
    
    
    15
    
    
    
    2,310
    
    
    
    0.01Total futures contracts sold
    
    
    
    
    
    
    169,197
    
    
    
    0.34Unrealized Appreciation on Open Forward ContractsMetals
    
    
    13
    
    
    
    60,709
    
    
    
    0.12Total unrealized appreciation on open forward contracts
    
    
    
    
    
    
    60,709
    
    
    
    0.12Unrealized Depreciation on Open Forward ContractsMetals
    
    
    4
    
    
    
    (15,087
    )
    
    
    (0.03
    )Total
unrealized depreciation on open forward contracts
    
    
    
    
    
    
    (15,087
    )
    
    
    (0.03
    )Investment in JWH Master
    
    
    
    
    
    
    42,157,734
    
    
    
    85.24Total fair value
    
    
    
    
    
    $
    42,449,424
    
    
    
    85.83
    %
 
  
 4




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##### Table of Contents



Westport JWH Futures Fund L.P.
    Condensed Schedule of Investments
    December 31, 2009
    (Unaudited)
  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 EndedMarch 31,2010
    
    
    2009Income:Net gains (losses) on trading of commodity
interests  and investment in JWH Master:Net realized gains (losses) on closed contracts
    
    $
    (278,724
    )
    
    $
    83,460Net realized gains (losses) on investment in JWH Master
    
    
    (3,378,594
    )
    
    
    (1,255,261
    )Change in
net unrealized gains (losses) on open contracts
    
    
    60,102
    
    
    
    (217,115
    )Change in net unrealized gains (losses) on investment in
JWH Master
    
    
    1,543,855
    
    
    
    (3,421,008
    )Gain (loss) from trading, net
    
    
    (2,053,361
    )
    
    
    (4,809,924
    )Interest income
    
    
    962
    
    
    
    2,569Interest income from JWH Master
    
    
    5,066
    
    
    
    14,891Total income (loss)
    
    
    (2,047,333
    )
    
    
    (4,792,464
    )Expenses:Brokerage
fees including clearing fees
    
    
    714,015
    
    
    
    1,106,225Management fees
    
    
    252,415
    
    
    
    395,349Other
    
    
    88,483
    
    
    
    79,217Total expenses
    
    
    1,054,913
    
    
    
    1,580,791Net income (loss)
    
    
    (3,102,246
    )
    
    
    (6,373,255
    )Additions
 Limited Partners
    
    
    285,000
    
    
    
    2,960,000Redemptions  Limited Partners
    
    
    (1,185,026
    )
    
    
    (7,342,486
    )Net increase
(decrease) in Partners capital
    
    
    (4,002,272
    )
    
    
    (10,755,741
    )Partners Capital, beginning of period
    
    
    53,461,385
    
    
    
    82,390,902Partners Capital, end of period
    
    $
    49,459,113
    
    
    $
    71,635,161Net asset
value per Unit (37,242.6177 and 42,619.3593 Units outstanding
at March 31, 2010 and 2009, respectively)
    
    $
    1,328.02
    
    
    $
    1,680.81Net income (loss) per Redeemable Unit of Limited Partnership
Interest and General Partner Unit equivalent
    
    $
    (81.41
    )
    
    $
    (142.02
    )Weighted
average units outstanding


    
    
    37,867.0203
    
    
    
    45,143.2111
   6




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##### Table of Contents



Westport JWH Futures Fund L.P.
    Notes to Financial Statements
    March 31, 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
    March 31, 2010 
    (Unaudited)
 2.
    Financial
    Highlights:   Three Months EndedMarch 31,2010
    
    

2009Net realized and unrealized gains (losses) *
    
    $
    (72.57
    )
    
    $
    (131.89
    )Interest income
    
    
    0.16
    
    
    
    0.39Expenses **
    
    
    (9.00
    )
    
    
    (10.52
    )Increase (decrease) for the period
    
    
    (81.41
    )
    
    
    (142.02
    )Net Asset Value per Redeemable Unit, beginning of period
    
    
    1,409.43
    
    
    
    1,822.83Net Asset Value per Redeemable Unit, end of period
    
    $
    1,328.02
    
    
    $
    1,680.81
 
 *
    
    Includes brokerage fees.**
    
    Excludes brokerage fees.  Three Months EndedMarch 31,2010
    
    

2009Ratios to Average Net Assets:***Net investment income (loss) before incentive fees****
    
    
    (8.4
    )%
    
    
    (8.1
    )%Operating expense
    
    
    8.4
    %
    
    
    8.1
    %Incentive fees
    
    
    
    %
    
    
    
    %Total expenses
    
    
    8.4
    %
    
    
    8.1
    %Total return:Total return before incentive fees
    
    
    (5.8
    )%
    
    
    (7.8
    )%Incentive fees
    
    
    
    %
    
    
    
    %Total return after incentive fees
    
    
    (5.8
    )%
    
    
    (7.8
    )%
  ***
    
    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
    March 31, 2010
    (Unaudited)
 3.
    Trading
    Activities:            Assets
    
    March 31,Futures Contracts
    
    2010Currencies
    
    $
    159,400Energy
    
    
    30,648Grains
    
    
    35,556Indices
    
    
    48,229Interest Rates U.S.
    
    
    1,275Interest Rates Non-U.S.
    
    
    21,506Metals
    
    
    23,035Softs
    
    
    39,810Total unrealized appreciation on open futures contracts
    
    $
    359,459LiabilitiesFutures ContractsCurrencies
    
    $
    (35,518
    )Indices
    
    
    (1,218
    )Interest Rates U.S.
    
    
    (8,390
    )Interest Rates Non-U.S.
    
    
    (56,715
    )Livestock
    
    
    (450
    )Softs
    
    
    (11,100
    )Total unrealized depreciation on open futures contracts
    
    $
    (113,391
    )Net unrealized appreciation on open futures contracts
    
    $
    246,068
    *
 Assets
    
    March 31,Forward Contracts
    
    2010Metals
    
    $
    60,709Total unrealized appreciation on open forward contracts
    
    $
    60,709LiabilitiesForward ContractsMetals
    
    $
    (15,087
    )Total unrealized depreciation on open forward contracts
    
    
    (15,087
    )Net
unrealized appreciation on open forward contracts
    
    $
    45,622
    **
 
 *
    
    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
    March 31, 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 endedMarch 31, 2010
    
    
    March 31, 2009Sector
    
    Gain (loss) from trading
    
    
    Gain (loss) from tradingCurrencies
    
    $
    (84,352
    )
    
    $
    (185,666
    )Energy
    
    
    110,323
    
    
    
    102,191Grains
    
    
    (59,100
    )
    
    
    3,948Interest Rates U.S.
    
    
    (69,896
    )
    
    
    (48,966
    )Interest Rates Non-U.S.
    
    
    78,319
    
    
    
    (27,382
    )Indices
    
    
    (47,578
    )
    
    
    45,973Livestock
    
    
    27,060
    
    
    
    12,580Metals
    
    
    (68,869
    )
    
    
    (29,966
    )Softs
    
    
    (104,529
    )
    
    
    (6,367
    )Total
    
    $
    (218,622
    )
    
    $
    (133,655
    )
 10




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##### Table of Contents



Westport
JWH Futures Fund L.P.
    Notes to Financial Statements
    March 31, 2010
    (Unaudited)
  4.
    Fair
    Value Measurements:  Partnership and JWH Masters Investments.
  Partnership 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
   March 31, 2010
    (Unaudited)
    Quoted Prices inActive Markets for


Significant Other


SignificantIdentical Assets


Observable Inputs


Unobservable Inputs3/31/2010


(Level 1)


(Level 2)


(Level 3)AssetsFutures

$
246,068


$
246,068


$



$
Forwards


45,622



45,622







Investment in JWH Master


42,157,734







42,157,734



Total assets

$
42,449,424


$
291,690


$
42,157,734


$
Total fair value

$
42,449,424


$
291,690


$
42,157,734


$
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
    March 31, 2010
    (Unaudited)
    JWH Master Fund LLC
Statements of Financial Condition
(Unaudited)
 March 31,
    
    
    December 31,2010
    
    
    2009Assets:Equity in trading account:Cash
    
    $
    45,762,011
    
    
    $
    52,728,434Cash margin
    
    
    4,655,648
    
    
    
    3,594,053Net unrealized appreciation on open futures contracts
    
    
    2,574,022
    
    
    
    637,268Total assets
    
    $
    52,991,681
    
    
    $
    56,959,755Liabilities and Members Capital:Liabilities:Accrued expenses:Professional fees
    
    $
    11,930
    
    
    $
    26,739Total liabilities
    
    
    11,930
    
    
    
    26,739Members Capital:Members
capital, 22,480.6170 and 23,163.2996 Units of Member Interest outstanding at
March 31, 2010
and December 31, 2009, respectively
    
    
    52,979,751
    
    
    
    56,933,016Total liabilities and members capital
    
    $
    52,991,681
    
    
    $
    56,959,755Net Asset Value per Unit of Member Interest
    
    $
    2,356.69
    
    
    $
    2,457.90
  13




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##### Table of Contents



Westport
JWH Futures Fund L.P.Notes to Financial
StatementsMarch 31, 2010(Unaudited)
  JWH
 Master Fund LLCCondensed Schedule of Investments
March 31, 2010(Unaudited)
  Number of
    
    
    
    
    
    
    % of MembersContracts
    
    
    Fair Value
    
    
    CapitalFutures Contracts PurchasedEnergy
    
    
    157
    
    
    $
    300,298
    
    
    
    0.57
    %Indices
    
    
    89
    
    
    
    201,825
    
    
    
    0.38Interest Rates U.S.
    
    
    226
    
    
    
    (3,263
    )
    
    
    (0.01
    )Interest Rates Non-U.S.
    
    
    344
    
    
    
    374
    
    
    
    0.00
    *Metals
    
    
    20
    
    
    
    (5,125
    )
    
    
    (0.01
    )Softs
    
    
    104
    
    
    
    150,395
    
    
    
    0.29Total futures contracts purchased
    
    
    
    
    
    
    644,504
    
    
    
    1.22Futures Contracts SoldCurrencies
    
    
    364
    
    
    
    215,388
    
    
    
    0.41Energy
    
    
    46
    
    
    
    60,720
    
    
    
    0.11Grains
    
    
    312
    
    
    
    488,263
    
    
    
    0.92Interest Rates U.S.
    
    
    52
    
    
    
    (16,250
    )
    
    
    (0.03
    )Softs
    
    
    348
    
    
    
    1,181,397
    
    
    
    2.23Total futures contracts sold
    
    
    
    
    
    
    1,929,518
    
    
    
    3.64Total fair value
    
    
    
    
    
    $
    2,574,022
    
    
    
    4.86
    %
 
  14




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##### Table of Contents



Westport
JWH Futures Fund L.P.
    Notes to Financial Statements
    March 31, 2010
    (Unaudited)
  JWH
Master Fund LLC
Condensed  Schedule of Investments
    December 31, 2009
    (Unaudited)
  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
    March 31, 2010
    (Unaudited)
 JWH Master Fund LLC
Statements of Income and Expenses and Changes in Members Capital
(Unaudited)
 Three Months EndedMarch 31,2010
    
    
    2009Income:Net gains (losses) on trading of commodity
interests:Net realized gains (losses) on closed positions
    
    $
    (4,234,841
    )
    
    $
    (1,402,402
    )Change in net unrealized gains (losses) on open
positions
    
    
    1,936,754
    
    
    
    (3,812,777
    )Gain (loss) from trading, net
    
    
    (2,298,087
    )
    
    
    (5,215,179
    )Interest income
    
    
    6,686
    
    
    
    17,034Total income (loss)
    
    
    (2,291,401
    )
    
    
    (5,198,145
    )Expenses:Clearing fees
    
    
    16,408
    
    
    
    13,750Professional fees
    
    
    19,191
    
    
    
    12,785Total expenses
    
    
    35,599
    
    
    
    26,535Net income (loss)
    
    
    (2,327,000
    )
    
    
    (5,224,680
    )Additions
    
    
    348,000
    
    
    
    2,368,000Redemptions
    
    
    (1,967,579
    )
    
    
    (12,388,832
    )Distribution of interest income to feeder funds
    
    
    (6,686
    )
    
    
    (17,034
    )Net increase (decrease) in Members Capital
    
    
    (3,953,265
    )
    
    
    (15,262,546
    )Members Capital, beginning of period
    
    
    56,933,016
    
    
    
    86,338,258Members Capital, end of period
    
    $
    52,979,751
    
    
    $
    71,075,712Net Asset Value per Unit
of Member Interest (22,480.6170 and 25,251.7733 Units outstanding at
March 31, 2010 and 2009, respectively)
    
    $
    2,356.69
    
    
    $
    2,814.68Net income (loss) per Unit of Member Interest
    
    $
    (100.91
    )
    
    $
    (204.41
    )Weighted average units outstanding
    
    
    23,032.0959
    
    
    
    27,177.5295
  16




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##### Table of Contents



Westport JWH Futures Fund L.P.
    Notes to Financial Statements
   March 31, 2010
    (Unaudited)
    Quoted Prices inActive Markets


Significant Other


Significantfor Identical


Observable Inputs


Unobservable03/31/2010


Assets (Level 1)


(Level 2)


Inputs (Level 3)AssetsFutures

$
2,574,022


$
2,574,022


$



$
Total assets


2,574,022



2,574,022







Total fair value

$
2,574,022


$
2,574,022


$



$
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
    March 31, 2010
    (Unaudited)
   Three Months EndedMarch 31,2010
    
    
    2009Net realized and unrealized gains (losses) *
    
    $
    (100.36
    )
    
    $
    (204.58
    )Interest Income
    
    
    0.30
    
    
    
    0.67Expenses **
    
    
    (0.85
    )
    
    
    (0.50
    )Increase
(decrease) for the period
    
    
    (100.91
    )
    
    
    (204.41
    )Distribution
    
    
    (0.30
    )
    
    
    (0.67
    )Net asset
Value per Unit of Member Interest, beginning of period
    
    
    2,457.90
    
    
    
    3,019.76Net asset
value per Unit of Member Interest, end of period ***
    
    $
    2,356.69
    
    
    $
    2,814.68
 
 *
    
    Includes clearing fees.**
    
    Excludes clearing fees. Three Months EndedMarch
31,2010
    

2009Ratios to Average Net Assets ***Net investment income (loss)****
    
    
    (0.2
    )%
    
    
    (0.1
    )%Operating expense
    
    
    0.3
    %
    
    
    0.1
    %Total return
    
    
    (4.1
    )%
    
    
    (6.8
    )%
 
 ***
    
    Annualized.****
    
    Interest income less total expenses     18




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##### Table of Contents



Westport
JWH Futures Fund L.P.
    Notes to Financial Statements
    March 31, 2010
    (Unaudited)
    Assets
    
    March 31,Futures Contracts
    
    2010Currencies
    
    $
    413,175Energy
    
    
    361,018Grains
    
    
    488,263Indices
    
    
    204,666Interest Rates U.S.
    
    
    13,800Interest Rates Non-U.S.
    
    
    187,079Softs
    
    
    1,357,632Total unrealized appreciation on open futures
contracts
    
    $
    3,025,633
 LiabilitiesFutures ContractsCurrencies
    
    $
    (197,788
    )Indices
    
    
    (2,841
    )Interest Rates U.S.
    
    
    (33,312
    )Interest Rates Non-U.S.
    
    
    (186,705
    )Metals
    
    
    (5,125
    )Softs
    
    
    (25,840
    )Total unrealized depreciation on open futures
contracts
    
    $
    (451,611
    )Net unrealized appreciation on open futures
contracts
    
    $
    2,574,022
    *
  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
    March 31, 2010
    (Unaudited)
 
 Three Months EndedMarch 31, 2010
    
    
    March 31, 2009Sector
    
    Gain (loss) from trading
    
    
    Gain (loss) from tradingCurrencies
    
    $
    684,042
    
    
    $
    (2,390,179
    )Energy
    
    
    (871,356
    )
    
    
    308,164Grains
    
    
    15,639
    
    
    
    (485,485
    )Indices
    
    
    (126,600
    )
    
    
    (15,786
    )Interest Rates U.S.
    
    
    (282,912
    )
    
    
    (1,129,712
    )Interest Rates Non-U.S.
    
    
    43,944
    
    
    
    (481,133
    )Softs
    
    
    836,316
    
    
    
    (577,878
    )Metals
    
    
    (2,597,160
    )
    
    
    (443,170
    )Total
    
    $
    (2,298,087
    )**
    
    $
    (5,215,179
    )**
 
 
  6.
    Financial
Instrument Risks:           20




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##### Table of Contents



Westport
JWH Futures Fund L.P.
    Notes to Financial Statements
    March 31, 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
    March 31, 2010
    (Unaudited)
  London Metals Exchange Forward
    Contracts.
   Income Taxes.
     Subsequent Events.
  Recent Accounting Pronouncements
   Net Income (Loss) per Redeemable Unit
 22




---



##### 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
    March 31, 2010
(Unaudited)
 % of TotalMarket Sector
    
    Value at Risk
    
    
    CapitalizationCurrencies
    
    $
    821,924
    
    
    
    1.66
    %Energy
    
    
    620,220
    
    
    
    1.26
    %Grains
    
    
    317,037
    
    
    
    0.64
    %Interest Rates U.S.
    
    
    114,140
    
    
    
    0.23
    %Interest Rates Non-U.S.
    
    
    650,322
    
    
    
    1.32
    %Livestock
    
    
    13,600
    
    
    
    0.03
    %Metals
    
    
    160,310
    
    
    
    0.32
    %Softs
    
    
    641,967
    
    
    
    1.30
    %Indices
    
    
    352,796
    
    
    
    0.71
    %Total
    
    $
    3,692,316
    
    
    
    7.47
    %
 26




---



##### Table of Contents



March 31,
    2010
    (Unaudited)
 Three Months Ended March 31, 2010% of Total
    
    
    High
    
    
    Low
    
    
    AverageMarket Sector
    
    Value at Risk
    
    
    Capitalization
    
    
    Value at Risk
    
    
    Value at Risk
    
    
    Value at Risk*Currencies
    
    $
    150,100
    
    
    
    0.30
    %
    
    $
    162,898
    
    
    $
    68,768
    
    
    
    127,200Energy
    
    
    67,000
    
    
    
    0.13
    %
    
    
    83,500
    
    
    
    32,400
    
    
    
    57,067Grains
    
    
    43,850
    
    
    
    0.09
    %
    
    
    50,500
    
    
    
    13,515
    
    
    
    40,304Interest Rates U.S.
    
    
    23,854
    
    
    
    0.05
    %
    
    
    51,750
    
    
    
    14,212
    
    
    
    18,564Interest Rates Non -U.S.
    
    
    91,562
    
    
    
    0.19
    %
    
    
    97,335
    
    
    
    61,245
    
    
    
    90,539Livestock
    
    
    13,600
    
    
    
    0.03
    %
    
    
    13,600
    
    
    
    6,400
    
    
    
    11,200Metals
    
    
    80,710
    
    
    
    0.16
    %
    
    
    102,231
    
    
    
    20,007
    
    
    
    91,959Softs
    
    
    52,800
    
    
    
    0.11
    %
    
    
    81,400
    
    
    
    41,800
    
    
    
    67,200Indices
    
    
    126,896
    
    
    
    0.26
    %
    
    
    143,041
    
    
    
    21,287
    
    
    
    72,315Totals
    
    $
    650,372
    
    
    
    1.32
    %
 *
    
    Average of month-end Values at Risk.    March 31,
    2010
    (Unaudited)
 Three Months Ended March 31, 2010% of Total
    
    
    High
    
    
    Low
    
    
    AverageMarket Sector
    
    Value at Risk
    
    
    Capitalization
    
    
    Value at Risk
    
    
    Value at Risk
    
    
    Value at Risk*Currencies
    
    $
    844,000
    
    
    
    1.59
    %
    
    $
    1,252,000
    
    
    $
    124,950
    
    
    
    985,333Energy
    
    
    695,000
    
    
    
    1.31
    %
    
    
    825,800
    
    
    
    58,100
    
    
    
    638,933Grains
    
    
    343,200
    
    
    
    0.65
    %
    
    
    621,750
    
    
    
    107,250
    
    
    
    431,483Interest Rates U.S.
    
    
    113,425
    
    
    
    0.21
    %
    
    
    458,400
    
    
    
    69,832
    
    
    
    298,908Interest Rates Non -U.S.
    
    
    701,959
    
    
    
    1.32
    %
    
    
    847,943
    
    
    
    163,217
    
    
    
    665,680Metals
    
    
    100,000
    
    
    
    0.19
    %
    
    
    784,766
    
    
    
    39,984
    
    
    
    226,131Softs
    
    
    740,160
    
    
    
    1.40
    %
    
    
    903,600
    
    
    
    404,400
    
    
    
    641,420Indices
    
    
    283,794
    
    
    
    0.54
    %
    
    
    350,360
    
    
    
    83,364
    
    
    
    175,434Totals
    
    $
    3,821,538
    
    
    
    7.21
    %
 *
    
    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




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##### Table of Contents



PART II.
    OTHER INFORMATION  Item 1.
    Legal
    Proceedings  Credit Crisis Related Matters
   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 ProgramsJanuary 1, 2010 - 
    January 31, 2010



130.2957



$
1,353.70




N/A




N/AFebruary 1, 2010 -
    February 28, 2010



422.1681



$
1,311.01




N/A




N/AMarch 1, 2010 -
    March 31, 2010



347.7490



$
1,328.02




N/A




N/ATotal



895.2128



$
1,323.74   *
    
    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




---



##### 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).
 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 and Director)
 32.1
    
     Section 1350 Certification (Certification of President and Director)
 32.2
    
     Section 1350 Certification (Certification of Chief Financial Officer and Director)
 31




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##### Table of Contents



SIGNATURES
    WESTPORT JWH FUTURES FUND L.P.
  By:
    Ceres Managed Futures LLC    By:
    /s/  Jerry
    Pascucci     Date: May 17, 2010  By:
    /s/  Jennifer
    Magro   
  Date: May 17, 2010 32