FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

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

                     OF THE SECURITIES EXCHANGE ACT OF 1934

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

                     OF THE SECURITIES EXCHANGE ACT OF 1934


For the Quarter ended June 30, 1998

Commission File Number 0-24111


                     SMITH BARNEY WESTPORT FUTURES FUND L.P.
             (Exact name of registrant as specified in its charter)


      New York                            13-3939393
(State or other jurisdiction of                 (I.R.S. Employer
 incorporation or organization)                  Identification No.)

                   c/o Smith Barney Futures Management Inc.
                           390 Greenwich St. - 1st Fl.
                    New York, New York 10013
            (Address and Zip Code of principal executive offices)

                         (212) 723-5424
               (Registrant's telephone number, including area code)



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

                              Yes   X    No


<PAGE>



                     SMITH BARNEY WESTPORT FUTURES FUND L.P.
                                    FORM 10-Q
                                      INDEX



                                                                     Page
                                                                    Number
PART I - Financial Information:

       Item 1.   Financial Statements:

                 Statement of Financial Condition at
                 June 30, 1998 and December 31, 1997.                  3

                 Statement of Income and Expenses and
                 Partners' Capital for the three and
                 six months ended June 30, 1998.                       4

                 Notes to Financial Statements                       5 - 8

       Item 2.   Management's Discussion and Analysis
                 of Financial Condition and Results of
                 Operations                                          9 - 10

       Item 3.   Quantitative and Qualitative Disclosures
                 of Market Risk                                        11

PART II - Other Information                                         12 - 14




<PAGE>

                                     PART I

                          Item 1. Financial Statements


                     Smith Barney Westport Futures Fund L.P.
                        STATEMENT OF FINANCIAL CONDITION


                                                     June 30,       December 31,
                                                      1998             1997
ASSETS:
                                                  -------------    -------------
                                                   (Unaudited)
Equity in commodity futures trading account:
  Cash and cash equivalents                       $ 115,703,663    $  94,452,401
  Net unrealized appreciation (depreciation)
   on open futures contracts                         (3,247,701)       8,075,897


                                                  -------------    -------------

                                                    112,455,962      102,528,298

Interest receivable                                     357,603          339,134
Other assets                                                  -          161,916
                                                  -------------    -------------

                                                  $ 112,813,565    $ 103,029,348

                                                  =============    =============


LIABILITIES AND PARTNERS' CAPITAL:


Liabilities:
 Accrued expenses:
  Commissions                                     $     611,074    $     558,075
  Management fees                                       130,887          341,439
  Incentive fees                                              -          834,386
  Other                                                 179,207           39,841
  Redemptions payable                                   794,121                -
                                                  -------------    -------------

                                                      1,715,289        1,773,741
                                                  -------------    -------------
Partners' Capital:

General Partner, 1,212.9836 and 1,002.9801 Unit
  equivalents outstanding in 1998 and 1997,
  respectively                                        1,148,974        1,014,504
Limited Partners, 116,074.4265 and 99,102.5475
  Units of Limited Partnership
  Interest outstanding in 1998 and 1997,
  respectively                                      109,949,302      100,241,103
                                                  -------------    -------------

                                                    111,098,276      101,255,607
                                                  -------------    -------------

                                                  $ 112,813,565    $ 103,029,348
                                                  =============    =============

See Notes to Financial Statements.

                                        3


<PAGE>


                     SMITH BARNEY WESTPORT FUTURES FUND L.P.
             STATEMENT OF INCOME AND EXPENSES AND PARTNERS' CAPITAL
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                           THREE              SIX
                                                        MONTHS ENDED      MONTHS ENDED
                                                          JUNE 30,         JUNE 30,
                                                            1998             1998
                                                        -------------    -------------
<S>                                                          <C>                <C>  

Income:
  Net gains (losses) on trading of commodity futures:
  Realized gains on closed positions                    $   7,724,649    $   7,850,461
  Change in unrealized gains/losses on open
   positions                                               (7,545,347)     (11,323,598)
                                                        -------------    -------------

                                                              179,302       (3,473,137)
Less, brokerage commissions and clearing fees
  ($31,018 and $65,454, respectively)                      (1,933,735)      (3,946,382)
                                                        -------------    -------------

  Net realized and unrealized losses                       (1,754,433)      (7,419,519)
  Interest income                                           1,069,341        2,231,238
                                                        -------------    -------------

                                                             (685,092)      (5,188,281)
                                                        -------------    -------------


Expenses:
  Management fees                                             881,817        2,027,888
  Other                                                       114,090          201,599
                                                        -------------    -------------

                                                              995,907        2,229,487
                                                        -------------    -------------

  Net loss                                                 (1,680,999)      (7,417,768)

  Additions- Limited Partner                                        -       20,788,000
                 - General Partner                                  -          209,000
  Redemptions- Limited Partners                            (2,031,456)      (3,736,563)
                                                        -------------    -------------

  Net increase (decrease) in Partners' capital             (3,712,455)       9,842,669

Partners' capital, beginning of period                    114,810,731      101,255,607
                                                        -------------    -------------

Partners' capital, end of period                        $ 111,098,276    $ 111,098,276
                                                        -------------    -------------

Net asset value per Unit
  (117,287.4101 Units outstanding
  at June 30, 1998)                                     $      947.23    $      947.23
                                                        -------------    -------------


Net loss per Unit of Limited Partnership
  Interest and General Partner Unit equivalent          $      (13.99)   $      (64.26)
                                                        -------------    -------------
</TABLE>

See Notes to Financial Statements 

                                        4



<PAGE>



                     SMITH BARNEY WESTPORT FUTURES FUND L.P.
                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 1998
                                   (Unaudited)

1. General

        Smith  Barney  Westport  Futures  Fund L.P.  (the  "Partnership"),  is a
limited  partnership which was organized on March 21, 1997 under the partnership
laws of the  State  of New  York  to  engage  in the  speculative  trading  of a
diversified  portfolio  of  commodity  interests  including  futures  contracts,
options and forward  contracts.  The commodity  interests that are traded by the
Partnership are volatile and involve a high degree of market risk.

       Between May 30, 1997  (commencement  of the offering period) and July 31,
1997, 40,035 Units of limited partnership interest were sold at $1,000 per Unit.
The  proceeds of the  offering  were held in an escrow  account  until August 1,
1997, at which time they were turned over to the Partnership for trading.

       Smith Barney  Futures  Management  Inc. acts as the general  partner (the
"General Partner") of the Partnership. Smith Barney Inc. ("SB"), an affiliate of
the General Partner,  acts as commodity broker for the Partnership.  All trading
decisions  are made for the  Partnership  by John W. Henry & Company,  Inc.,(the
"Advisor").  On November 28, 1997,  Smith Barney  Holdings  Inc. was merged with
Salomon Inc. to form Salomon Smith Barney Holdings Inc. ("SSBH"), a wholly owned
subsidiary of Travelers Group. SB is a wholly owned subsidiary of SSBH.

       The accompanying  financial  statements are unaudited but, in the opinion
of management,  include all  adjustments  (consisting  only of normal  recurring
adjustments)  necessary for a fair presentation of the  Partnership's  financial
condition at June 30, 1998 and the results of its  operations  for the three and
six months ended June 30, 1998. These financial  statements  present the results
of interim  periods  and do not  include all  disclosures  normally  provided in
annual financial statements.  It is suggested that these financial statements be
read in  conjunction  with the financial  statements  and notes  included in the
Partnership's  annual report on Form 10-K filed with the Securities and Exchange
Commission for the year ended December 31, 1997.

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


                                      5

<PAGE>



                     SMITH BARNEY WESTPORT FUTURES FUND L.P.
                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 1998
                                   (continued)

2. Net Asset Value Per Unit:

       Changes in net asset  value per Unit for the three and six  months  ended
June 30, 1998 were as follows:

                                    THREE-MONTHS            SIX-MONTHS
                                         ENDED                 ENDED
                                    JUNE 30, 1998          JUNE 30, 1998
                                    -------------          -------------

Net realized and unrealized
 losses                                  $ (14.62)             $  (64.30)
Interest income                              9.01                  18.95
Expenses                                    (8.38)                (18.91)
                                         ---------             ----------
 
Decrease for period                        (13.99)                (64.26)

Net asset value per Unit,
 beginning of period                       961.22               1,011.49
                                         ---------             ---------
Net asset value per Unit,
 end of period                           $ 947.23              $  947.23
                                         =========             =========

3. Trading Activities:

       The  Partnership  was formed for the  purpose of trading  contracts  in a
variety of commodity interests,  including derivative financial  instruments and
derivative  commodity  instruments.  The  results of the  Partnership's  trading
activity are shown in the statement of income and expenses.

       The  Customer   Agreement  between  the  Partnership  and  SB  gives  the
Partnership the legal right to net unrealized gains and losses.

       All of the  commodity  interests  owned by the  Partnership  are held for
trading purposes. The fair value of these commodity interests, including options
thereon,  at June 30, 1998 and December 31, 1997 was $(3,247,701) and $8,075,897
and the average fair value during the six and twelve months then ended, based on
monthly calculation, was $4,411,955 and $5,627,034.

4. Financial Instrument Risk:

       The Partnership is party to financial instruments with off- balance sheet
risk,  including  derivative  financial  instruments  and  derivative  commodity
instruments,  in the normal course of its business.  These financial instruments
include forwards,  futures and options,  whose value is based upon an underlying
asset, index,

                                      6

<PAGE>



or reference  rate,  and  generally  represent  future  commitments  to exchange
currencies or cash flows,  to purchase or sell other  financial  instruments  at
specific  terms  at  specified  future  dates,  or,  in the  case of  derivative
commodity instruments, to have a reasonable possibility to be settled in cash or
with  another  financial  instrument.  These  instruments  may be  traded  on an
exchange  or   over-the-counter   ("OTC").   Exchange  traded   instruments  are
standardized and include futures and certain option contracts. OTC contracts are
negotiated between contracting parties and include forwards and certain options.
Each of these  instruments  is subject to various risks similar to those related
to the underlying  financial  instruments  including  market and credit risk. In
general,  the  risks  associated  with OTC  contracts  are  greater  than  those
associated  with  exchange  traded  instruments  because of the greater  risk of
default by the counterparty to an OTC contract.

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

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

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

       The  notional  or  contractual  amounts of these  instruments,  while not
recorded in the financial  statements,  reflect the extent of the  Partnership's
involvement in these instruments.  At June 30, 1998, the notional or contractual
amounts of the  Partnership's  commitment to purchase and sell these instruments
was $898,022,498 and $802,885,264, respectively, as detailed below. All of these

                                      7

<PAGE>



instruments mature within one year of June 30, 1998. However,  due to the nature
of the Partnership's business, these instruments may not be held to maturity. At
June 30,  1998,  the  fair  value of the  Partnership's  derivatives,  including
options thereon, was $(3,247,701), as detailed below.

                                        JUNE 30, 1998
                                   NOTIONAL OR CONTRACTUAL
                                    AMOUNT OF COMMITMENTS
                                  TO PURCHASE        TO  SELL        FAIR VALUE

Currencies*                      $170,142,238     $272,519,096     $ (5,172,328)
Energy                                      -       26,090,830          886,590
Grains                                      -       10,094,658          100,783
Interest Rates U.S.               340,269,494                -        1,319,662
Interest Rates Non U.S            381,318,606      418,423,150         (241,056)
Livestock                                   -        1,012,960           24,580
Metals                              1,816,600       36,381,788         (633,336)
Softs                               4,475,560       16,063,385        1,006,516
Indices                                     -       22,299,397         (539,112)
                                 ------------     ------------     ------------

Totals                           $898,022,498     $802,885,264     $ (3,247,701)
                                 ============     ============     ============


         At  December  31,  1997,  the  notional or  contractual  amounts of the
Partnership's commitment to purchase and sell these instruments was $513,151,141
and $482,486,909, respectively, and fair value of the Partnership's derivatives,
including options thereon, was $8,075,897, as detailed below.

                                      DECEMBER 31, 1997
                                   NOTIONAL OR CONTRACTUAL
                                    AMOUNT OF COMMITMENTS
                                  TO PURCHASE        TO  SELL        FAIR VALUE

Currencies*                        $ 79,702,539    $171,012,164       $1,553,893
Energy                                     -         26,340,080        1,632,990
Grains                                1,480,470       7,170,325           89,273
Interest Rates U.S.                 146,479,725             -            763,150
Interest Rates Non U.S              261,861,726     222,578,459          901,690
Metals                               10,746,480      29,465,693        2,571,779
Softs                                12,880,201       9,320,777          146,373
Indices                                    -         16,599,411          416,749
                                   ------------    ------------       ----------

Totals                             $513,151,141    $482,486,909       $8,075,897
                                   ============    ============       ==========


* The notional or contractual  commitment  amounts and the net  unrealized  gain
amount listed for the currency sector represent OTC contracts. All other sectors
listed represent exchange traded contracts.


                                      8

<PAGE>



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

Liquidity and Capital Resources


      The Partnership does not engage in the sale of goods or services. Its only
assets are its equity in its commodity  futures trading  account,  consisting of
cash and cash equivalents,  net unrealized  appreciation  (depreciation) on open
futures and forward contracts and interest receivable. Because of the low margin
deposits normally required in commodity futures trading,  relatively small price
movements may result in substantial losses to the Partnership. While substantial
losses could lead to a decrease in liquidity, no such losses occurred during the
second quarter of 1998.

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

      For the six months ended June 30, 1998, Partnership capital increased 9.7%
from $101,255,607 to $111,098,276.  This increase was attributable to additional
sales of 21,097.2073 units totaling  $20,977,000 which was partially offset by a
net loss from operations of $7,417,768 coupled with the redemption of 3,915.3249
units resulting in an outflow of $3,736,563.  Future  redemptions can impact the
amount of funds  available for  investments in commodity  contract  positions in
subsequent periods.

Operational Risk

      The General Partner  administers  the business of the Partnership  through
various  systems and processes  maintained by SSBH. SSBH has analyzed the impact
of the year 2000 on its systems and processes and  modifications  for compliance
are  proceeding  according to plan.  All  modifications  necessary for year 2000
compliance  are expected to be completed by the first  quarter of 1999.  In July
1998, SB participated  in successful  industry-wide  testing  coordinated by the
Securities  Industry  Association  and plans to participate in such tests in the
future.  The  purpose of  industry-wide  testing is to confirm  that  exchanges,
clearing organizations,  and other securities industry participants are prepared
for the year 2000.  The failure of vendors,  clients,  or  regulators to resolve
their  own Year  2000  compliance  issues  in a timely  manner  could  result in
material financial risk to the Partnership.



                                      9

<PAGE>



Results of Operations

      During the  Partnership's  second quarter of 1998, the net asset value per
Unit decreased 1.5% from $961.22 to $947.23.  The Partnership  experienced a net
trading gain before  commissions  and expenses in the second  quarter of 1998 of
$179,302.  Gains were  recognized in the trading of commodity  futures in energy
products,  grains and softs and were  partially  offset by losses in currencies,
U.S. and non U.S. interest rates, metals and indices. The Partnership  commenced
trading operations on August 1, 1997, and, as a result,  comparative information
is not available.

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

      Interest  income on 80% of the  Partnership's  daily equity  maintained in
cash was earned at the 30-day U.S.  Treasury bill rate  determined  weekly by SB
based on the  average  non-competitive  yield on  3-month  U.S.  Treasury  bills
maturing in 30 days.

      Brokerage  commissions are calculated on the Partnership's net asset value
as of the  last  day of each  month  and  therefore,  are  affected  by  trading
performance, additions and redemptions.

      Management  fees are  calculated on the portion of the  Partnership's  net
asset value allocated to the Advisor at the end of the month and, therefore, are
affected by trading performance, additions and redemptions.

      Incentive  fees are  based on the new  trading  profits  generated  by the
Advisor at the end of the quarter,  as defined in the advisory agreement between
the Partnership, the General Partner and the Advisor.








                                      10

<PAGE>



Item 3.      Quantitative and Qualitative Disclosures of Market Risk

      The  fund  is  subject  to  SEC  Financial   Reporting   Release  No.  48,
Quantitative and Qualitative Disclosures of Market Risk and will comply with the
disclosure and reporting requirements in its form 10K as of December 31, 1998.


                                      11

<PAGE>



                            PART II OTHER INFORMATION

Item 1.      Legal Proceedings -

            Between May 1994 and the present,  Salomon Brothers Inc. ("SBI"), SB
            and The Robinson  Humphrey  Company,  Inc.  ("R- H"), all  currently
            subsidiaries of Salomon Smith Barney Holdings Inc. ("SSBHI"),  along
            with a number of other  broker-dealers,  were named as defendants in
            approximately   25  federal  court  lawsuits  and  two  state  court
            lawsuits,  principally  alleging that companies that make markets in
            securities  traded on NASDAQ violated the federal  antitrust laws by
            conspiring to maintain a minimum  spread of $.25 between the bid and
            asked price for certain  securities.  The federal  lawsuits  and one
            state court case were  consolidated  for  pre-trial  purposes in the
            Southern  District of New York in the fall of 1994 under the caption
            In re NASDAQ  Market-  Makers  Antitrust  Litigation,  United States
            District Court, Southern District of New York No. 94-CIV-3996 (RWS);
            M.D.L.  No.  1023.  The other state court suit,  Lawrence A. Abel v.
            Merrill Lynch & Co., Inc. et al.;  Superior Court of San Diego, Case
            No. 677313, has been dismissed without prejudice in conjunction with
            a tolling agreement.

             In consolidated action, the plaintiffs purport to represent a class
             of persons who bought one or more of what they  currently  estimate
             to be approximately  1,650 securities on NASDAQ between May 1, 1989
             and May 27, 1994. They seek  unspecified  monetary  damages,  which
             would be trebled under the antitrust laws. The plaintiffs also seek
             injunctive  relief, as well as attorney's fees and the costs of the
             action.  (The state cases seek similar  relief.)  Plaintiffs in the
             consolidated  action filed an amended  consolidated  complaint that
             defendants  answered in December  1995.  On November 26, 1996,  the
             Court certified a class composed of retail purchasers.  A motion to
             include  institutional  investors  in the  class  and to add  class
             representatives  was granted.  In December  1997,  SBI, SB and R-H,
             along  with  several  other  broker-dealer  defendants,  executed a
             settlement  agreement with the plaintiffs.  This agreement has been
             preliminarily  approved by the U.S. District Court for the Southern
             District of New York but is subject to final approval.

             On July 17,  1996,  the  Antitrust  Division of the  Department  of
             Justice  filed a  complaint  against a number of firms  that act as
             market makers in NASDAQ  stocks.  The complaint  basically  alleged
             that a common

                                      12

<PAGE>



             understanding arose among NASDAQ market makers which worked to keep
             quote spreads in NASDAQ stocks  artificially wide.  Contemporaneous
             with the  filing of the  complaint,  SBI,  SB and other  defendants
             entered into a stipulated settlement  agreement,  pursuant to which
             the  defendants  would  agree not to engage  in  certain  practices
             relating  to the  quoting of NASDAQ  securities  and would  further
             agree to  implement  a program to ensure  compliance  with  federal
             antitrust  laws and with the terms of the  settlement.  In entering
             into  the  stipulated  settlement,  SBI  and SB did not  admit  any
             liability.  There are no fines,  penalties,  or other  payments  of
             monies in connection with the  settlement.  In April 1997, the U.S.
             District  Court for the Southern  District of New York approved the
             settlement.  In May 1997,  plaintiffs  in the related  civil action
             (who were permitted to intervene for limited purposes) appealed the
             district court's approval of the settlement.  The appeal was argued
             in March 1998 and was affirmed in August 1998.

             The Securities and Exchange Commission ("SEC") is also conducting a
             review of the NASDAQ  marketplace,  during which it has  subpoenaed
             documents and taken the testimony of various individuals  including
             SBI and SB  personnel.  In July 1996,  the SEC reached a settlement
             with the National  Association  of Securities  Dealers and issued a
             report detailing  certain  conclusions with respect to the NASD and
             the NASDAQ market.

            In December 1996, a complaint seeking  unspecified  monetary damages
            was filed by Orange County,  California  against numerous  brokerage
            firms,  including SB, in the U.S.  Bankruptcy  Court for the Central
            District of California.  Plaintiff alleged, among other things, that
            the  defendants   recommended  and  sold  to  plaintiff   unsuitable
            securities.  The case (County of Orange et al. v. Bear Stearns & Co.
            Inc. et al.) had been  subject to a stay by agreement of the parties
            which will expire on August 21, 1998.

Item 2.       Changes in Securities and Use of Proceeds -

             There were no  additional  sales during the three months ended June
             30, 1998.

             For the six months ended June 30, 1998, there were additional sales
             of 20,887.2038 Units totaling  $20,788,000 and contributions by the
             General Partner  representing  210.0035 Unit  equivalents  totaling
             $209,000.

                                      13


<PAGE>




             Proceeds from the sale of additional  Units are used in the trading
             of commodity  interests  including futures  contracts,  options and
             forward contracts.

Item 3.      Defaults Upon Senior Securities - None

Item 4.      Submission of Matters to a Vote of Security Holders -
             None

Item 5.      Other Information - None

Item 6.      (a) Exhibits - None

             (b) Reports on Form 8-K - None



                                      14


<PAGE>


                                   SIGNATURES

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

SMITH BARNEY WESTPORT FUTURES FUND L.P.


By:     Smith Barney Futures Management Inc.
        (General Partner)


By:     /s/ David J. Vogel, President
        David J. Vogel, President

Date:    8/14/98

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

By:     Smith Barney Futures Management Inc.
        (General Partner)


By:     /s/ David J. Vogel, President
        David J. Vogel, President


Date:    8/14/98


By      /s/ Daniel A. Dantuono
        Daniel A. Dantuono
        Chief Financial Officer and
        Director

Date:    8/14/98



                                      15

<PAGE>