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 ended June 30, 2008
  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
  SMITH BARNEY WESTPORT FUTURES FUND L.P.
     New York

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

(I.R.S. Employer
    Identification No.)   c/o Citigroup
    Managed Futures LLC
    731 Lexington Avenue  25th Fl.
    New York, New York 10022
     (212) 559-2011
       Yes X  No
    Large
    accelerated filer
    Accelerated filer
    Non-accelerated filer X
    Smaller
    reporting company  Rule 12b-2
  Yes   No X




---



##### 





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


Financial Statements:Statements of Financial Condition at
    June 30, 2008 and December 31, 2007 (unaudited)

3Schedules of Investments at
    June 30, 2008 and December 31, 2007 (unaudited)

4  5Statements of Income and Expenses and
    Partners Capital for the three and six months ended
    June 30, 2008 and 2007 (unaudited)

6Statements of Cash Flows for the three and six months
    ended June 30, 2008 and 2007 (unaudited)

7Notes to Financial Statements (unaudited)

8  12Item
    2.


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

13  16Item
    3.


Quantitative and Qualitative Disclosures about Market Risk

17  18Item
    4.


Controls and Procedures

19PART II  Other Information

20 - 22  2




---



##### 



PART I  Item 1.
    Financial Statements  Smith
    Barney Westport Futures Fund L.P.
    Statements of Financial Condition
    (Unaudited)  June 30,


December 31,2008


2007Assets:Investment in Partnership, at fair value

$
50,741,070


$
Equity in commodity futures trading account:Cash (restricted $1,568,677, and $7,965, in 2008 and 2007,
    respectively)


11,660,125



49,298,718Net unrealized appreciation on open futures contracts


432,858



Unrealized appreciation on open forward contracts


292,830



81,71663,126,883



49,380,434Distribution receivable


61,712



Interest receivable


13,949



98,860Total assets

$
63,202,544


$
49,479,294Liabilities and Partners CapitalLiabilities:Unrealized depreciation on open forward contracts

$
119,249


$
35,157Accrued expenses:Brokerage commissions


289,132



226,619Management fees


104,489



81,894Other


100,842



81,233Redemptions payable


1,924,769



1,696,442Total liabilities


2,538,481



2,121,345Partners Capital:General Partner 390.1941 Unit equivalents outstanding in 2008
    and 2007, respectively


499,316



373,342Limited Partners,47,016.0589 and 49,105.3225 Redeemable Units of
    Limited Partnership Interest outstanding in 2008 and 2007,
    respectively


60,164,747



46,984,607Total partners capital


60,664,063



47,357,949Total liabilities and partners capital

$
63,202,544


$
49,479,294    3




---



##### 



Smith
    Barney Westport Futures Fund L.P.
    Schedule of Investments
    June 30, 2008
    (Unaudited)  % of PartnersFutures Contracts Purchased

Fair Value


CapitalEnergy

$
183,812



0.31
%Grains


133,772



0.22Indices


(20,199
)


(0.03
)Interest Rates U.S.


1,906



0.00
*Interest Rates Non-U.S.


38,226



0.06Livestock


19,120



0.03Metals


6,155



0.01Softs


16,499



0.03Total futures contracts purchased


379,291



0.63Futures Contracts
    SoldInterest Rates U.S.


(39,000
)


(0.06
)Indices


92,567



0.15Total futures contracts sold


53,567



0.09Unrealized Appreciation on
    Open Forward ContractsCurrencies


250,817



0.41Metals


42,013



0.07Total unrealized appreciation on open forward contracts


292,830



0.48Unrealized Depreciation on
    Open Forward ContractsCurrencies


(119,249
)


(0.20
)Total unrealized depreciation on open forward contracts


(119,249
)


(0.20
)Investment in Partnership


50,741,070



83.64Total fair value

$
51,347,509



84.64
%   *
    
    Due to rounding   4




---



##### 



Smith
    Barney Westport Futures Fund L.P.
    Schedule of Investments
    December 31, 2007
    (Unaudited)
  % of PartnersUnrealized Appreciation on Open
    Forward Contracts

Fair Value


CapitalCurrencies

$
53



0.00
%*Metals


81,663



0.17Total unrealized appreciation on open forward contracts


81,716



0.17Unrealized Depreciation on Open Forward ContractsCurrencies


(7
)


(0.00
)*Metals


(35,150
)


(0.07
)Total unrealized depreciation on open forward contracts


(35,157
)


(0.07
)Total fair value

$
46,559



0.10
%   *
    
    Due to rounding   5




---



##### 



Smith
    Barney Westport Futures Fund L.P.
    Statements of Income and Expenses and Partners Capital
    (Unaudited)
  Three Months Ended


Six Months EndedJune 30,


June 30,2008


2007


2008


2007Income:Net gains (losses) on trading of commodity interests and
    investment in Partnership:Net realized gains (losses) on closed positions

$
597,706


$
2,845,135


$
2,660,499


$
(6,863,046
)Change in net unrealized gains (losses) on open positions and
    investment in Partnership


1,396,672



2,167,488



16,125,254



720,849Gain (loss) from trading, net


1,994,378



5,012,623



18,785,753



(6,142,197
)Interest income


33,046



716,528



76,015



1,630,607Total income (loss)


2,027,424



5,729,151



18,861,768



(4,511,590
)Expenses:Brokerage commissions including clearing fees of $1,387,
    $12,136, $3,061 and $36,951 respectively


843,091



1,084,172



1,687,681



2,363,466Management fees


303,869



384,452



607,417



830,512Other


54,374



36,184



142,300



69,317Total expenses


1,201,334



1,504,808



2,437,398



3,263,295Net income (loss)


826,090



4,224,343



16,424,370



(7,774,885
)AdditionsLimited Partners


626,000



492,000



2,844,000



1,941,000RedemptionsGeneral Partners














(430,679
)RedemptionsLimited Partners


(3,379,320
)


(11,410,157
)


(5,962,256
)


(23,700,361
)Net increase (decrease) in Partners Capital


(1,927,230
)


(6,693,814
)


13,306,114



(29,964,925
)Partners Capital, beginning of period


62,591,293



76,715,227



47,357,949



99,986,338Partners Capital, end of period

$
60,664,063


$
70,021,413


$
60,664,063


$
70,021,413Net asset value per Unit (47,406.2530 and 73,371.0496
    Redeemable Units outstanding at June 30, 2008 and 2007,
    respectively)

$
1,279.66


$
954.35


$
1,279.66


$
954.35Net income (loss) per Redeemable Unit of Limited Partnership
    Interest and General Partner Unit equivalent

$
18.02


$
51.64


$
322.85


$
(81.13
)    6




---



##### 



Smith
    Barney Westport Futures Fund L.P.
    Statements of Cash Flows
    (Unaudited)  Three Months Ended


Six Months EndedJune 30,


June 30,2008


2007


2008


2007Cash flows from operating activities:Net income (loss)

$
826,090


$
4,224,343


$
16,424,370


$
(7,774,885
)Adjustments to reconcile net income (loss) to net cash provided
    by (used in) operating activities:Changes in operating assets and liabilities:Purchase of investment in Partnership


(500,800
)





$
(40,161,553
)


Proceeds from sale of investment in Partnership


2,993,490






$
4,924,145



Net unrealized appreciation (depreciation) on investment in
    Partnership


(1,004,236
)





$
(15,503,662
)


(Increase) decrease in restricted cash


(151,571
)


(2,115,061
)


(1,560,712
)


9,726,803(Increase) decrease in net unrealized appreciation on open
    futures contracts


(432,858
)


(1,649,232
)


(432,858
)


(1,827,086
)(Increase) decrease in unrealized appreciation on open forward
    contracts


(20,493
)


167,596



(211,114
)


1,206,178(Increase) decrease in distribution receivable


(15,256
)






(61,712
)


(Increase) decrease in interest receivable


(3,653
)


66,445



84,911



126,296Increase (decease) in net unrealized depreciation on open
    futures contracts


(9,121
)










(749,120
)Increase (decease) in unrealized depreciation on open forward
    contracts


85,292



(685,852
)


84,092



649,179Accrued expenses:Increase (decrease) in brokerage commissions


(5,062
)


(15,446
)


62,513



(134,092
)Increase (decrease) in management fees


(1,758
)


(5,559
)


22,595



(48,525
)Increase (decrease) in other


(44,458
)


(19,319
)


19,609



(7,475
)Net cash provided by (used in) operating activities


1,715,606



(32,085
)


(36,309,376
)


1,167,273Cash flows from financing activities:Proceeds from additionsLimited Partners


626,000



492,000



2,844,000



1,941,000Payments for redemptionsGeneral Partner














(430,679
)Payments for redemptionsLimited Partners


(2,505,286
)


(8,046,030
)


(5,733,929
)


(22,801,828
)Net cash provided by (used in) financing activities


(1,879,286
)


(7,554,030
)


(2,889,929
)


(21,291,507
)Net change in unrestricted cash


(163,680
)


(7,586,115
)


(39,199,305
)


(20,124,234
)Unrestricted cash, at beginning of period


10,255,128



75,861,009



49,290,753



88,399,128Unrestricted cash, at end of period

$
10,091,448


$
68,274,894


$
10,091,448


$
68,274,894Non-cash from financing activities:Change in redemptions payable

$
874,034


$



$
228,327


$
    7




---



##### 



Smith
    Barney Westport Futures Fund L.P.
    Notes to Financial Statements
    June 30, 2008
    (Unaudited)  1.
    General:      Form 10-K
    2.
    Financial
    Highlights:    Three Months Ended


Six Months EndedJune 30,


June 30,2008


2007


2008


2007Net realized and unrealized gains (losses)*

$
24.61


$
48.05


$
336.27


$
(89.44
)Interest Income


0.67



8.71



1.50



18.62Expenses**


(7.26
)


(5.12
)


(14.92
)


(10.31
)Increase (decrease) for the period


18.02



51.64



322.85



(81.13
)Net Asset Value per Redeemable Unit, beginning of period


1,261.64



902.71



956.81



1,035.48Net Asset Value per Redeemable Unit, end of period

$
1,279.66


$
954.35


$
1,279.66


$
954.35   *
    
    Includes brokerage commissions**
    
    Excludes brokerage commissions  8




---



##### 



Smith
    Barney Westport Futures Fund L.P.
    Notes to Financial Statements
    June 30, 2008
    (Unaudited)
   2.
    Financial
    Highlights: (continued)  Three Months Ended


Six Months EndedJune 30,


June 30,2008


2007


2008


2007Ratios to Average Net Assets:***Net investment income (loss) before incentive fees****


(7.8
)%


(4.3
)%


(8.2
)%


(4.0
)%Operating expense


8.0
%


8.2
%


8.5
%


8.0
%Incentive fees



%



%



%



%Total expenses


8.0
%


8.2
%


8.5
%


8.0
%Total return:Total return before incentive fees


1.4
%


5.7
%


33.7
%


(7.8
)%Incentive fees



%



%



%



%Total return after incentive fees


1.4
%


5.7
%


33.7
%


(7.8
)%   ***
    
    Annualized (other than incentive fees)****
    
    Interest income less total expenses    3.
    Trading
    Activities:          4.
    Fair
    Value Measurements:  Investments.
 9




---



##### 



Smith
    Barney Westport Futures Fund L.P.
    Notes to Financial Statements
    June 30, 2008
    (Unaudited)
    Fair Value Measurements. Fair Value Measurements No. FAS 157-2, Effective Date of FASB Statement No. 157
    Quoted Prices inActive Markets for


Significant Other


SignificantIdentical Assets


Observable Inputs


Unobservable Inputs6/30/2008


(Level 1)


(Level 2)


(Level 3)AssetsForwards

$
292,830


$



$
292,830


$
Futures


432,858



432,858







Investment in Partnership


50,741,070







50,741,070



Total assets


51,466,758



432,858



51,033,900



AssetsForwards

$
119,249


$



$
119,249


$
Total liabilities


119,249







119,249



Total fair value

$
51,347,509


$
432,858


$
50,914,651


$
   5.
    Investment
    in Partnership:   10




---



##### 



Smith
    Barney Westport Futures Fund L.P.
    Notes to Financial Statements
    June 30, 2008
    (Unaudited)
        give-up,
      June 30, 2008Total Assets

Total Liabilities

Total CapitalJWH Master

$
59,165,719


$
729,135


$
58,436,584     June 30, 2008

For the three months ended June 30, 2008% of





Expenses

NetPartnerships

Fair

Income





Income

Investment

RedemptionsInvestment

Net Assets

Value

(Loss)

Commissions

Other

(Loss)

Objective

PermittedJWH Master


83.6
%

$
50,741,070


$
1,041,689


$
13,545


$
8,652


$
1,019,492


Commodity
    Portfolio


Monthly   June 30, 2008

For the six months ended June 30, 2008% of





Expenses

NetPartnerships

Fair

Income





Income

Investment

RedemptionsInvestment

Net Assets

Value

(Loss)

Commissions

Other

(Loss)

Objective

PermittedJWH Master


83.6
%

$
50,741,070


$
15,612,275


$
32,535


$
14,366


$
15,565,374


Commodity
    Portfolio


Monthly   6.
    Financial
    Instrument Risks:   11




---



##### 



Smith
    Barney Westport Futures Fund L.P.
    Notes to Financial Statements
    June 30, 2008
    (Unaudited)
             12




---



##### 



Item 2.
    Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations.  Liquidity
    and Capital Resources
        Critical
    Accounting Policies
  Use of Estimates.
  Investments.
  Fair Value Measurements. Fair Value Measurements No. FAS 157-2, Effective Date of FASB Statement No. 157
 13




---



##### 



Quoted Prices inActive Markets


Significant Other


Significantfor Identical


Observable Inputs


Unobservable6/30/2008


Assets (Level 1)


(Level 2)


Inputs (Level 3)AssetsForwards

$
292,830


$



$
292,830


$
Futures


432,858



432,858







Investment in Partnership


50,741,070







50,741,070



Total assets


51,466,758



432,858



51,033,900



LiabilitiesForwards

$
119,249


$



$
119,249


$
Total liabilities


119,249







119,249



Total fair value

$
51,347,509


$
432,858


$
50,914,651


$
   Forward Foreign Currency Contracts. agreed-upon
  Income Taxes.
      Recent Accounting Pronouncements.
 14




---



##### 



Results
    of Operations
  non-U.S. interest non-U.S. interest
           15




---



##### 



30-day 3-month and/or 90-day
       16




---



##### 



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




---



##### 



Form 10-K
  June 30,
    2008
    (Unaudited)
  Three months ended June 30, 2008% of Total


High


Low


AverageMarket Sector

Value at Risk


Capital


Value at Risk


Value at Risk


Value at Risk*Currencies: OTC Contracts

$
362,205



0.59
%

$
364,770


$
129,421



328,839Energy


432,250



0.71
%


445,250



193,750



353,333Grains


77,000



0.13
%


77,000



64,000



70,267Interest Rates U.S.


12,920



0.02
%


93,900



12,027



25,123Interest Rates Non-U.S.


150,116



0.25
%


151,527



32,719



101,318Livestock


11,200



0.02
%


17,600



10,400



13,333Metals: Exchange Traded Contracts


53,750



0.09
%


59,500



39,000



53,250 OTC


70,260



0.12
%


73,859



70,162



72,451Softs


63,720



0.11
%


71,800



21,970



53,317Indices


153,677



0.25
%


229,082



125,438



143,160Totals

$
1,387,098



2.29
%   *
    
    Average of month-end Values at Risk    June 30,
    2008
    (Unaudited)
  Three months ended June 30, 2008% of Total


High


Low


AverageMarket Sector

Value at Risk


Capital


Value at Risk


Value at Risk


Value at Risk*Currencies: OTC Contracts

$
1,914,975



3.28
%

$
1,914,975


$
160,393


$
840,031Energy


1,971,350



3.37
%


2,005,800



1,072,250



1,720,617Grains


641,000



1.10
%


816,000



186,400



614,967Indices


285,228



0.49
%


1,060,260



57,925



211,472Interest Rates U.S.


700,600



1.20
%


854,200



43,500



530,617Interest Rates Non-U.S.


1,563,018



2.67
%


1,957,250



543,077



1,468,891Metals Exchange Traded Contracts


328,500



0.56
%


366,750



100,000



195,500Softs


372,200



0.64
%


527,200



20,400



360,667Total

$
7,776,871



13.31
%   *
    
    Average of month-end Values at Risk 18




---



##### 



Item 4.
    Controls
    and Procedures      Rule 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 U.S. generally accepted
    accounting principles, 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.   19




---



##### 



PART II.
    OTHER INFORMATION  Item 1.
    Legal
    Proceedings  Form 10-K Form 10-Q
  Enron
  Ahlich v. Arthur Andersen, L.L.P. Delgado v. Fastow Pearson v. Fastow Rosen v. Fastow Bullock v. Arthur Andersen, L.L.P. Choucroun v. Arthur Andersen, L.L.P. Guy v. Arthur Andersen, L.L.P. Adams v. Arthur Andersen, L.L.P. Jose v. Arthur Andersen, L.L.P. Odam, et al., v. Enron Corp., et al
      IPO Civil
    Litigation
    Subprime
    Mortgage-Related Litigation
  In Re
    Citigroup Inc. Shareholder Derivative Litigation
  In Re American Home
    Mortgage Securities Litigation
  In Re Countrywide
    Financial Corp. Securities Litigation
  Other
    Matters
    Auction
    Rate Securities
   20




---



##### 



In Re Citigroup Auction Rate securities
    Litigation
    and/or
  Ferguson Family Trust v. Falcon
  Strategies Two LLC, et
    al.
  In re MAT Five Securities
    Litigation
  Item 1A.
    Risk
    Factors  Form 10-K
    Item 2.
    Unregistered
    Sales of Equity Securities and Use of Proceeds     21




---



##### 



(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 ProgramsApril 1, 2008 - 
    April 30, 2008



701.4847



$
1,165.85




N/A




N/AMay 1, 2008 -
    May 31, 2008



512.6364



$
1,242.06




N/A




N/AJune 1, 2008 -
    June 30, 2008



1,504.1250



$
1,279.66




N/A




N/A2,718.2461



$
1,243.20   *
    
    Generally, Limited Partners are permitted to redeem their
    Redeemable Units as of the end 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.  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.
    Exhibits  Regulation S-K Form 10-K
  Exhibit  31.1  Rule 13a-14(a)/15d-14(a)
  Exhibit  31.2  Rule 13a-14(a)/15d-14(a)
     22




---



##### 



SIGNATURES
    SMITH BARNEY WESTPORT FUTURES FUND L.P.
  By:
    Citigroup Managed Futures LLC    By:
    /s/  Jerry
    Pascucci     Date:
    August 14, 2008   By:
    /s/  Jennifer
    Magro     Date:
    August 14, 2008  23