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 March 31, 2003
                                 --------------

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 Citigroup Managed Futures LLC
                           388 Greenwich St. - 7th 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 _____

Indicate  by check mark  whether  the  registrant  is an  accelerated  filer (as
defined in rule 12b-2 of the Exchange Act).

                              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:

                       Statements of Financial Condition at
                       March 31, 2003 and December 31, 2002
                       (unaudited).                                        3

                       Condensed Schedules of Investments at
                       March 31, 2003 and December 31, 2002
                       (unaudited).                                      4 - 5

                       Statements of Income and Expenses and
                       Partners' Capital for the three months
                       ended March 31, 2003 and 2002
                       (unaudited).                                        6

                       Notes to Financial Statements
                       (unaudited).                                      7 - 10

               Item 2. Management's Discussion and Analysis
                       of Financial Condition and Results of
                       Operations.                                      11 - 13

               Item 3. Quantitative and Qualitative
                       Disclosures of Market Risk.                      14 - 15

               Item 4. Controls and Procedures.                            16

PART II - Other Information                                                17



                                       2
<PAGE>

                                    PART I

                         Item 1. Financial Statements


                     SMITH BARNEY WESPORT FUTURES FUND L.P.
                        STATEMENTS OF FINANCIAL CONDITION
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                            March 31,        December 31,
                                                               2003             2002
                                                            ------------------------
<S>                                                            <C>              <C>
ASSETS:
Equity in commodity futures trading account:
  Cash (restricted $11,122,923 and $14,295,525 in 2003
  and 2002, respectively)                                $ 113,952,948    $  77,132,693
  Net unrealized (depreciation) appreciation
   on open futures positions *                              (4,090,177)       8,897,390
                                                         -------------    -------------
                                                           109,862,771       86,030,083

Interest receivable                                             87,080           66,430
                                                         -------------    -------------
                                                         $ 109,949,851    $  86,096,513
                                                         =============    =============
LIABILITIES AND PARTNERS' CAPITAL:

Liabilities:
 Accrued expenses:
  Commissions                                            $     513,601    $     402,177
  Management fees                                              182,259          142,743
  Incentive fees                                               934,871             --
  Other                                                         80,877           48,423
Redemptions payable                                            986,441          860,216
                                                         -------------    -------------
                                                             2,698,049        1,453,559
                                                         -------------    -------------
Partners' Capital:
General Partner 643.5318 Unit equivalents
  outstanding in 2003 and 2002                               1,028,081          899,735
Limited Partners, 66,491.3726 and 59,896.9581
  Units of Limited Partnership Interest outstanding
   in 2003 and 2002, respectively                          106,223,721       83,743,219
                                                         -------------    -------------
                                                           107,251,802       84,642,954
                                                         -------------    -------------
                                                         $ 109,949,851    $  86,096,513
                                                         =============    =============


</TABLE>

*    Forward  contracts  included  in this  balance are  presented  gross in the
     accompanying Condensed Schedule of Investments

See Accompanying Notes to Unaudited Financial Statements.


                                       3
<PAGE>

                     Smtih Barney Westport Futures Fund L.P.
                        Condensed Schedule of Investments
                                 March 31, 2003
                                   (Unaudited)
<TABLE>
<CAPTION>
<S>                     <C>                                         <C>
Sector                Contract                                   Fair Value
------------------------------------------------               --------------
Currencies
                   Unrealized appreciation on forward
                   contracts 1.76%                              $ 1,885,057
                   Unrealized depreciation on forward
                   contracts (4.40)%                             (4,717,124)
                                                                -----------
   Total Currencies  (2.64)%                                     (2,832,067)
                                                                 ----------
Energy
                   Futures contracts purchased  (0.18)%            (191,480)
                   Futures contracts sold  (0.69)%                 (746,093)
                                                                 ----------
   Total Energy (0.87) %                                           (937,573)
                                                                 ----------
Grains
                   Futures contracts purchased  (0.02)%             (22,509)
                   Futures contracts sold  (0.06)%                  (67,038)
                                                                 ----------
  Total Grains (0.08)%                                              (89,547)
                                                                 ----------
 Total Interest Rates
 U.S.  0.09%        Futures contracts purchased  0.09%              100,435
                                                                 ----------

Interest Rates Non-U.S.

                   Futures contracts purchased  0.24%               253,853
                   Futures contracts sold  (0.65)%                 (692,631)
                                                                 ----------
  Total Interest Rates Non-U.S. (0.41)%                            (438,778)
                                                                 ----------

Total Livestock  0.00%*   Futures contracts purchased  0.00%*        (2,910)
                                                                  ---------
Metals
                  Futures contracts purchased  0.14%                145,310
                  Futures contracts sold  (0.01)%                   (10,085)
                                                                -----------
  Total futures contracts 0.13%                                     135,225

                  Unrealized appreciation on
                  forward contracts 1.10%                         1,184,783
                  Unrealized depreciation on
                  forward contracts (1.41)%                      (1,516,352)
                                                               ------------
                  Total forward contracts (0.31)%                  (331,569)
                                                               ------------
  Total Metals - (0.18)%                                           (196,344)
                                                               ------------
Softs
                 Futures contracts purchased  (0.09)%               (99,504)
                 Futures contracts sold  0.03%                       38,398
                                                               ------------
  Total Softs (0.06)%                                               (61,106)
                                                               ------------
Indices
                 Futures contracts purchased  (0.06)%               (64,830)
                 Futures contracts sold  0.40%                      432,543
                                                               ------------
  Total Indices 0.34%                                               367,713
                                                               ------------

Total Fair Value  (3.81)%                                      $ (4,090,177)
                                                              =============

                         Investments at                % of Investments at
Country Composition       Fair Value                        Fair Value
---------------------  -----------------                   -----------

Australia               $ (237,022)                            (5.79)%
Canada                     (14,984)                            (0.37)
Germany                   (461,943)                           (11.29)
Japan                      740,521                             18.10
United Kingdom            (523,789)                           (12.81)
United States           (3,592,960)                           (87.84)
                    --------------                        ----------
                      $ (4,090,177)                          (100.00)%
                   ===============                        ==========
</TABLE>

Percentages are based on Net Assets
*Due to rounding
See Accompanying Notes to Unaudited Financial Statements.

                                       4
<PAGE>

                             Smith Barney Westport
                                Futures Fund L.P.
                        Condensed Schedule of Investments
                                December 31, 2002
                                 (Unaudited)
<TABLE>
<CAPTION>
<S>                                    <C>                     <C>                                                       <C>
                                      Number of
 Sector                               Contracts             Contract                                                   Fair Value
--------------------                 --------------         ------------------------------------                       ----------
Total Energy 1.25%                                          Futures contracts purchased 1.25%                          $1,056,765

Grains                                                                                                                 ----------
                                                            Futures contracts sold 0.37%                                  310,617
                                                            Futures contracts purchased (0.01)%                           (11,460)
                                                                                                                       ----------
  Total Grains 0.36%                                                                                                      299,157
                                                                                                                       ----------
Interest Rates U.S.
                                                            Futures contracts sold (0.98)%                               (825,797)
                                                            Futures contracts purchased 0.56%                             471,275
                                                                                                                        ----------
  Total Interest Rates U.S. (0.42)%                                                                                      (354,522)

Total Interest Rates Non-U.S. 2.80%                         Futures contracts purchased 2.80%                           2,372,546
                                                                                                                       ----------
Total Livestock 0.03%                                       Futures contracts purchased 0.03%                              22,190
                                                                                                                       ----------
Metals
                                                            Futures contracts purchased 1.03%                             872,518

                                                            Unrealized depreciation on forward contracts (0.35)%         (299,909)
                                                            Unrealized appreciation on forward contracts 0.8%              67,638
                                                            Total forward contracts (0.27)%                              (232,271)
                                                                                                                        ----------
  Total Metals 0.76%                                                                                                      640,247
                                                                                                                        ----------
Currencies
                                                            Unrealized depreciation on forward contracts (2.65)%       (2,244,336)
                                                                                                                       ----------
                                                            Unrealized appreciation on forward contracts 8.36%
                                      EURO (111,425,000)    EURO/USD 3.59%, March 19, 2003                              3,040,683
                                      JY (9,065,000,000)    JY/USD 1.53%, March 19, 2003                                1,293,402
                                                            Other 3.24%                                                 2,746,260
                                                                                                                       ----------
                                                                                                                        7,080,345
                                                                                                                       ----------
  Total Currencies 5.71%                                                                                                4,836,009
                                                                                                                       ----------
Softs
                                                            Futures contracts sold (0.01)%                                 (7,627)
                                                            Futures contracts purchased 0.27%                             231,865
                                                                                                                       ----------
  Total Softs 0.26%                                                                                                       224,238
                                                                                                                       ----------
Indices
                                                            Futures contracts sold 0.01%                                   16,177
                                                            Futures contracts purchased (0.25)%                          (215,417)
                                                                                                                       ----------
  Total Indices (0.24)%                                                                                                  (199,240)
                                                                                                                       ----------

Total Fair Value 10.51%                                                                                                $8,897,390
                                                                                                                       ===========
                                                    Investments             % of Investments
Country Composition                                at Fair Value             at Fair Value
----------------------------------            -------------------------- ------------------------
Australia                                            $  206,753                   2.32%
Canada                                                   49,106                   0.55
Germany                                                 830,860                   9.34
Japan                                                   714,899                   8.04
United Kingdom                                          177,690                   2.00
United States                                         6,918,082                  77.75
                                              -------------------------- ------------------------
                                                     $8,897,390                 100.00%
                                              ========================== ========================
</TABLE>

Percentages are based on Partners' capital unless otherwise indicated
See Accompanying Notes to Unaudited Financial Statements.


                                       5
<PAGE>

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

<TABLE>
<CAPTION>
                                                            THREE MONTHS ENDED
                                                         MARCH 31,      MARCH 31,
                                                       --------------------------
                                                          2003               2002
                                                     ---------------------------
<S>                                                       <C>                <C>
Income:
  Net gains (losses) on trading of commodity
   interests:
  Realized gains (losses) on closed positions
    and foreign currencies                          $  28,216,853    $  (2,580,484)
  Change in unrealized losses on open
   positions                                          (12,987,567)      (2,932,284)

                                                    -------------    -------------
                                                       15,229,286       (5,512,768)
  Interest income                                         228,073          201,722
                                                    -------------    -------------
                                                       15,457,359       (5,311,046)
                                                    -------------    -------------


Expenses:
  Brokerage commissions including clearing fees
   of $31,742 and $19,846, respectively                 1,547,344          895,340
  Management fees                                         545,324          312,246
  Other expenses                                           32,454           32,238
  Incentive fees                                          959,471             --
                                                    -------------    -------------
                                                        3,084,593        1,239,824
                                                    -------------    -------------

  Net income (loss)                                    12,372,766       (6,550,870)

  Additions                                            12,258,000          931,000
  Redemptions                                          (2,021,918)      (2,094,823)
                                                    -------------    -------------
  Net increase (decrease) in Partners' capital         22,608,848       (7,714,693)

Partners' capital, beginning of period                 84,642,954       65,918,306
                                                    -------------    -------------
Partners' capital, end of period                    $ 107,251,802    $  58,203,613
                                                    =============    =============

Net asset value per Unit
  (67,134.9044 and 58,950.3073 Units outstanding
  at March 31, 2003 and 2002, respectively)         $    1,597.56    $      987.33
                                                    =============    =============


Net income (loss) per Unit of Limited Partnership
  Interest and General Partner Unit equivalent      $      199.44    $     (109.37)
                                                    =============    =============

</TABLE>


See Accompanying Notes to Unaudited Financial Statements.


                                       6
<PAGE>


                     Smith Barney Westport Futures Fund L.P.
                          Notes to Financial Statements
                                 March 31, 2003
                                   (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.

     On April 7, 2003,  Smith Barney Futures  Management LLC changed its name to
Citigroup Managed Futures LLC. Citigroup Managed Futures LLC acts as the general
partner (the "General Partner") of the Partnership.  The Partnership's commodity
broker is Citigroup Global Markets Inc.  ("CGM"),  formerly Salomon Smith Barney
Inc. CGM is an affiliate of the General  Partner.  The General Partner is wholly
owned by Citigroup  Global Markets  Holdings Inc.  ("CGMHI"),  formerly  Salomon
Smith Barney  Holdings  Inc.,  which is the sole owner of CGM. CGMHI is a wholly
owned  subsidiary of Citigroup Inc. As of March 31, 2003, all trading  decisions
for the Partnership are made by John W. Henry & Company, Inc. (the "Advisor").

     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 March  31,  2003 and  December  31,  2002 and the  results  of its
operations for the three months ended March 31, 2003 and 2002.  These  financial
statements  present  the  results  of interim  periods  and do not  include  all
disclosures  normally provided in annual financial  statements.  You should read
these  financial  statements  together 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, 2002.

     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.


                                       7
<PAGE>

                     Smith Barney Westport Futures Fund L.P.
                          Notes to Financial Statements
                                 March 31, 2003
                                   (Unaudited)
                                   (Continued)

2.     Financial Highlights:

     Changes in net asset  value per Unit for the three  months  ended March 31,
2003 and 2002 were as follows:

<TABLE>
<CAPTION>
                                                          THREE-MONTHS ENDED
                                                              MARCH 31,
                                                    --------------------------
                                                           2003         2002
                                                    ------------   ------------
<S>                                                        <C>           <C>
Net realized and unrealized
 gains(losses) *                                    $     221.07    $(106.99)
Interest income                                             3.48        3.36
Expenses **                                               (25.11)      (5.74)
                                                        ---------  ---------
Increase(decrease) for period                             199.44     (109.37)
Net Asset Value per Unit,
 beginning of period                                    1,398.12    1,096.70
                                                        ---------  ---------
Net Asset Value per Unit,
  end of period                                     $   1,597.56  $   987.33
                                                        =========  =========

* Includes brokerage commissions
** Excludes brokerage commissions

Ratios to average net assets: ***
   Net investment loss before incentive
    fees ****                                                 (7.6)%  (6.7)%
                                                           =========     ===

   Operating expenses                                          8.5%    8.0%
   Incentive fees                                              3.9%    0.0%
                                                           ---------     ---
   Total expenses                                             12.4%    8.0%
                                                           =========     ===

Total return:
   Total return before incentive fees                         15.3%  (10.0)%
   Incentive fees                                            (1.0)%    0.0%
                                                           ---------    ---
   Total return after incentive fees                          14.3%  (10.0)%
                                                          =========    ===
</TABLE>

***      Annualized
****     Interest income less total expenses (exclusive of incentive fees)

     The above ratios may vary for individual  investors  based on the timing of
capital transactions during the period.


                                       8
<PAGE>


                     Smith Barney Westport Futures Fund L.P.
                          Notes to Financial Statements
                                 March 31, 2003
                                   (Unaudited)
                                   (continued)

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  statements  of income  and  expenses  and  partners'
capital.

     The  Customer   Agreement   between  the  Partnership  and  CGM  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 average fair values  during the three and twelve  months
ended March 31, 2003 and December 31, 2002, based on a monthly calculation, were
$12,432,039  and  $7,532,820,  respectively.  The fair value of these  commodity
interests,  including  options  thereon,  if  applicable,  at March 31, 2003 and
December 31, 2002, were  $(4,090,177)  and $8,897,390.  Fair values for exchange
traded commodity futures and options are based on quoted market prices for those
futures and options.  Fair values for all other financial  instruments for which
market quotations are not readily  available are based on calculations  approved
by the General Partner.

4.       Financial Instrument Risk:

     In the normal course of its business the  Partnership is party to financial
instruments  with  off-balance  sheet  risk,   including   derivative  financial
instruments and derivative commodity  instruments.  These financial  instruments
may include  forwards,  futures and options (but not currently) whose values are
based  upon an  underlying  asset,  index,  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,  through  physical  delivery 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.


                                       9
<PAGE>


                     Smith Barney Westport Futures Fund L.P.
                          Notes to Financial Statements
                                 March 31, 2003
                                   (Unaudited)
                                   (Continued)

     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 as unrealized appreciation in the statement of
financial  condition and not represented by the contract or notional  amounts of
the instruments.  The Partnership has credit risk and concentration risk because
the sole counterparty or broker with respect to the Partnership's assets is CGM.

     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,   forward  and  option   positions   by  sector,   margin
requirements, gain and loss transactions and collateral positions.

     The majority of these instruments mature within one year of March 31, 2003.
However, due to the nature of the Partnership's business,  these instruments may
not be held to maturity.


                                       10
<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, net  unrealized  appreciation  (depreciation)  on open futures and forward
contracts,  commodity options 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  substantial  decrease  in  liquidity,  no such  losses
occurred in the Partnership's first quarter of 2003.

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

     For the three months ended March 31, 2003,  Partnership  capital  increased
26.7% from  $84,642,954 to  $107,251,802.  This increase was attributable to net
income from  operations of  $12,372,766,  coupled with the  additional  sales of
7,823.2723 Units of Limited Partnership  Interest totaling $12,258,000 which was
partially  offset by the redemption of 1,228.8578  Units of Limited  Partnership
Interest totaling $2,021,918.  Future redemptions can impact the amount of funds
available for investment in commodity contract positions in subsequent periods.

Critical Accounting Policies

     The  preparation  of financial  statements  in conformity  with  accounting
principles   generally  accepted  in  the  United  States  of  America  requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities,  disclosures of contingent assets and liabilities at the
date of the financial  statements and reported  amounts of revenues and expenses
during the reporting period. Actual results could differ from these estimates.

     All commodity interests  (including  derivative  financial  instruments and
derivative commodity  instruments) are used for trading purposes.  The commodity
interests  are  recorded on trade date and open  contracts  are  recorded in the
statement of financial  condition at fair value on the last  business day of the
period,  which represents  market value for those commodity  interests for which
market  quotations are readily  available.  Investments  in commodity  interests
denominated  in  foreign  currencies  are  translated  into U.S.  dollars at the
exchange rates prevailing on the last business day of the period. Realized gains
(losses) and changes in unrealized  values on open  positions are  recognized in
the period in which the contract is closed or the changes occur and are included
in net gains (losses) on trading of commodity interests.

                                       11
<PAGE>

     Foreign currency contracts are those contracts where the Partnership agrees
to receive or deliver a fixed  quantity of foreign  currency for an  agreed-upon
price on an agreed future date. Foreign currency contracts are valued daily, and
the  Partnership's net equity therein,  representing  unrealized gain or loss on
the contracts as measured by the difference between the forward foreign exchange
rates at the dates of entry  into the  contracts  and the  forward  rates at the
reporting  date, is included in the statement of financial  condition.  Realized
gains (losses) and changes in unrealized  values on foreign  currency  contracts
are  recognized  in the period in which the  contract  is closed or the  changes
occur and are included in the  statement  of income and  expenses and  partners'
capital.

Results of Operations

     During the  Partnership's  first  quarter of 2003,  the net asset value per
Unit  increased  14.3% from  $1,398.12 to $1,597.56 as compared to a decrease of
10.0% in the first quarter of 2002.  The  Partnership  experienced a net trading
gain before brokerage  commissions and related fees in the first quarter of 2003
of  $15,229,286.  Gains were primarily  attributable to the trading of commodity
futures in  currencies,  energy,  U.S.  and non-U.S  interest  rates,  softs and
indices and were partially offset by losses in grains, livestock and metals. The
partnership  experienced  a net trading loss before  brokerage  commissions  and
related fees in the first quarter of 2002 of  $5,512,768.  Losses were primarily
attributable  to the trading of commodity  futures in currencies,  grains,  U.S.
interest rates,  softs and indices and were partially offset by gains in energy,
non-U.S. interest rates, livestock and metals.

     Commodity futures markets are highly volatile.  The potential for broad and
rapid price fluctuations  increases the risks involved in commodity trading, but
also increases the possibility of profit.  The  profitability of the Partnership
depends on the existence of major price trends and the ability of the Advisor to
correctly  identify  those price 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 average equity maintained
in cash was earned at a 30-day U.S.  Treasury bill rate determined weekly by CGM
based on the  average  non-competitive  yield on  3-month  U.S.  Treasury  bills
maturing in 30 days. CGM may continue to maintain the Partnership assets in cash
and/or place all of the Partnership  assets in 90-day Treasury bills and pay the
Partnership 80% of the interest earned on the Treasury bills purchased. CGM will
retain 20% of any interest  earned on Treasury  bills.  Interest  income for the
three  months  ended  March 31,  2003  increased  by $26,351 as  compared to the
corresponding  period in 2002. The increase in interest  income is primarily due
to an increase in total  assets  during the three months ended March 31, 2003 as
compared to 2002, partially offset by a reduction in interest rates.

                                       12
<PAGE>

     Brokerage  commissions  are  calculated on the  Partnership's  adjusted net
asset  value  on the  last  day of  each  month  and  are  affected  by  trading
performance and redemptions.  Accordingly,  they must be analyzed in relation to
the  fluctuations in the monthly net asset values.  Commissions and fees for the
three  months  ended  March 31,  2003  increased  by $652,004 as compared to the
corresponding period in 2002. The increase in brokerage  commissions and fees is
due to higher average net assets during the three months ended March 31, 2003 as
compared to 2002.

     Management  fees are  calculated as a percentage of the  Partnership's  net
asset value as of the end of each month and are affected by trading  performance
and  redemptions.  Management  fees for the three  months  ended  March 31, 2003
increased  by  $233,078 as compared  to the  corresponding  period in 2002.  The
increase in management fees is due to higher average net assets during the three
months ended March 31, 2003 as compared to 2002.

     Incentive  fees  are  based on the new  trading  profits  generated  by the
Advisor at the end of the quarter as defined in the advisory  agreements between
the Partnership,  the General Partner and the Advisor.  Trading  performance for
the three  months ended March 31, 2003 and 2002  resulted in  incentive  fees of
$959,471 and $0, respectively.



                                       13
<PAGE>


Item. 3 Quantitative and Qualitative Disclosures of Market Risk

     The  Partnership  is a speculative  commodity  pool.  The market  sensitive
instruments held by it are acquired for speculative trading purposes, and all or
substantially all of the Partnership's assets are subject to the risk of trading
loss. Unlike an operating company,  the risk of market sensitive  instruments is
integral, not incidental, to the Partnership's main line of business.

     Market movements result in frequent changes in the fair market value of the
Partnership's open positions and,  consequently,  in its earnings and cash flow.
The  Partnership's  market  risk is  influenced  by a wide  variety of  factors,
including the level and volatility of interest  rates,  exchange  rates,  equity
price  levels,  the market value of financial  instruments  and  contracts,  the
diversification effects among the Partnership's open positions and the liquidity
of the markets in which it trades.

     The  Partnership  rapidly  acquires  and  liquidates  both  long and  short
positions in a wide range of different markets. Consequently, it is not possible
to predict how a particular future market scenario will affect performance,  and
the Partnership's  past performance is not necessarily  indicative of its future
results.

     Value at Risk is a measure  of the  maximum  amount  which the  Partnership
could  reasonably  be expected to lose in a given market  sector.  However,  the
inherent uncertainty of the Partnership's speculative trading and the recurrence
in the markets  traded by the  Partnership  of market  movements  far  exceeding
expectations could result in actual trading or non-trading losses far beyond the
indicated Value at Risk or the Partnership's  experience to date (i.e., "risk of
ruin").  In  light  of the  foregoing  as well as the  risks  and  uncertainties
intrinsic to all future projections, the inclusion of the quantification in this
section should not be considered to constitute  any assurance or  representation
that the  Partnership's  losses in any market sector will be limited to Value at
Risk or by the Partnership's attempts to manage its market risk.

     Exchange  maintenance margin requirements have been used by the Partnership
as the measure of its Value at Risk.  Maintenance margin requirements are set by
exchanges  to equal or exceed  the  maximum  losses  reasonably  expected  to be
incurred  in the fair value of any given  contract  in  95%-99%  of any  one-day
intervals.  Maintenance  margin  has been used  rather  than the more  generally
available  initial  margin,  because  initial  margin  includes  a  credit  risk
component, which is not relevant to Value at Risk.


                                       14
<PAGE>



     The following table indicates the trading Value at Risk associated with the
Partnership's  open  positions  by market  category as of March 31, 2003 and the
highest and lowest  value at any point  during the three  months ended March 31,
2003.  All open position  trading risk  exposures of the  Partnership  have been
included in calculating  the figures set forth below.  As of March 31, 2003, the
Partnership's total capitalization was $107,251,802.  There has been no material
change in the trading Value at Risk information previously disclosed in the Form
10-K for the year ended December 31, 2002.


                                 March 31, 2003
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                   Year to Date
                                             % of Total      High           Low
Market Sector              Value at Risk  Capitalization  Value at Risk  Value at Risk
----------------------------------------------------------------------------------------
<S>                                  <C>         <C>          <C>          <C>
Currencies:
- OTC Contracts                $ 2,455,025      2.29%     $6,520,787  $1,991,863
Energy                           2,528,000      2.36%      5,838,400   1,912,200
Grains                             258,300      0.24%        418,250     158,400
Interest Rates U.S.                485,650      0.45%      1,586,750     446,950
Interest Rates Non-U.S.          2,015,985      1.88%      4,274,120   1,262,702
Livestock                           11,400      0.01%         19,800       9,900
Metals:
 - Exchange Traded Contracts       369,500      0.34%        693,500     274,000
 - OTC Contracts                   347,550      0.32%        598,725     186,175
Softs                              339,615      0.32%        699,253     307,178
Indices                          1,166,046      1.09%      1,873,075     788,034
                              ------------    ------
Total                          $ 9,977,071      9.30%
                              ============    ======
</TABLE>


                                       15
<PAGE>


Item 4. Controls and Procedures

     Based on their  evaluation  of the  Partnership's  disclosure  controls and
procedures  as of a date within 90 days of the filing of this report,  the Chief
Executive  Officer and Chief Financial Officer have concluded that such controls
and procedures are effective.

     There were no significant changes in the Partnership's internal controls or
in other factors that could significantly affect such controls subsequent to the
date of their evaluation.

                                       16
<PAGE>

                            PART II OTHER INFORMATION

Item 1. Legal Proceedings -

          The following  information  supplements  and amends our discussion set
     forth under Part I, Item 3 "Legal Proceedings" in the Partnership's  Annual
     Report on Form 10-K for the fiscal year ended December 31, 2002.

Settlement Of Certain Regulatory Matters:

          On April  28,  2003,  Salomon  Smith  Barney  Inc.  (SSB),  now  named
     Citigroup  Global  Markets  Inc.,   announced  final  agreements  with  the
     Securities and Exchange Commission,  the National Association of Securities
     Dealers,  the New York Stock Exchange and the New York Attorney General (as
     lead state among the 50 states,  the  District of Columbia and Puerto Rico)
     to resolve on a civil basis all of their  outstanding  investigations  into
     its research and IPO allocation and distribution  practices. As part of the
     settlements,  SSB has consented to the entry of (1) an injunction under the
     federal  securities  laws to be entered in the United States District Court
     for  the  Southern  District  of  New  York,  barring  SSB  from  violating
     provisions of the federal  securities  laws and related NASD and NYSE rules
     relating to research, certain IPO allocation practices, the safeguarding of
     material  nonpublic  information  and the maintenance of required books and
     records,  and  requiring SSB to adopt and enforce new  restrictions  on the
     operation of research;  (2) an NASD Acceptance Waiver and Consent requiring
     SSB to cease and desist from  violations  of  corresponding  NASD rules and
     requiring SSB to adopt and enforce the same new  restrictions;  (3) an NYSE
     Stipulation  and Consent  requiring SSB to cease and desist from violations
     of corresponding NYSE rules and requiring SSB to adopt and enforce the same
     new restrictions;  and (4) an Assurance of Discontinuance with the New York
     Attorney General containing substantially the same or similar restrictions.
     As  required  by  the  settlements,  SSB  expects  to  enter  into  related
     settlements  with each of the other  states,  the  District of Columbia and
     Puerto  Rico.  Consistent  with the  settlement-in-principle  announced  in
     December  2002,  these  settlements  require  SSB to pay $300  million  for
     retrospective  relief, plus $25 million for investor education,  and commit
     to spend $75  million to provide  independent  third-party  research to its
     clients at no charge. SSB reached these final settlement agreements without
     admitting or denying any  wrongdoing or liability.  The  settlements do not
     establish wrongdoing or liability for purposes of any other proceeding. The
     $300 million was accrued during the fourth quarter of 2002.



                                       17
<PAGE>

Enron:

New Power Holdings Actions
          On April  17,  2003,  the  motion to  dismiss  the  complaints  in the
     putative class actions  relating to the New Power Holdings common stock was
     denied.

Additional Actions

          On March 5, 2003, an action was brought on behalf of the purchasers of
     the Yosemite  Notes and Enron Credit Linked Notes,  alleging  violations of
     federal securities laws.

          On April 9, 2003,  an action was brought by a group of related  mutual
     funds that purchased certain Yosemite Notes,  alleging  violations of state
     securities law and common law claims.

Research:

In Re At&T Corporation Securities Litigation

          By order dated March 27, 2003, the court denied  plaintiffs'  leave to
     amend their complaint to add as defendants  Citigroup,  SSB, and certain of
     their executive officers and current and former employees.

Item 2. Changes in  Securities  and Use of Proceeds - For the three months ended
     March 31, 2003,  there were additional  sales of 7,823.2723  Units totaling
     $12,258,000.  For the  three  months  ended  March  31,  2002,  there  were
     additional sales of 860.6339 Units totaling $931,000.

     Proceeds  from the sale of  additional  units  are used in the  trading  of
     commodity  interests  including  futures  contracts,  options and  forwards
     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


                                       18
<PAGE>


Item 6. The  exhibits  required  to be filed  by Item 601 of  Regulation S-K are
     incorporated  herein by reference to the exhibit index of the Partnership's
     Report on Form 10-K for the period ended December 31, 2002.

     (a) Exhibit - 99.1 Certificate of President and Director.
         Exhibit - 99.2 Certificate of Chief Financial Officer and Director.

     (b) Reports on Form 8-K - None


                                       19
<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:  Citigroup Managed Futures LLC
           (General Partner)



By:  /s/ David J. Vogel
         David J. Vogel
         President and Director


Date:        5/14/03
          -------------

     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:  Citigroup Managed Futures LLC
           (General Partner)



By:  /s/ David J. Vogel
          David J. Vogel
         President and Director


Date:       5/14/03
          -----------


By:  /s/ Daniel R. McAuliffe, Jr.
     ----------------------------------
           Daniel R. McAuliffe
           Chief Financial Officer and
           Director

Date:       5/14/03
          -----------



                                       20
<PAGE>

                                  CERTIFICATION


I, David J. Vogel, certify that:

1.   I have reviewed this quarterly report on Form 10-Q of Smith Barney Westport
     Futures Fund L.P.;

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material  respects the  financial  condition,  results of operations of the
     registrant as of, and for, the periods presented in this quarterly report;

4.   The  registrant's  other  certifying  officer  and  I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a.   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     b.   evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c.   presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The registrant's  other certifying  officer and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent function):

     a.   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     b.   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and

6.   The  registrant's  other  certifying  officer and I have  indicated in this
     quarterly report whether or not there were significant  changes in internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

Date: May 14, 2003

/s/ David J. Vogel
-----------------------
David J. Vogel
President and Director


                                       21
<PAGE>



                                Exhibit 99.1

                             CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly  Report of Smith Barney  Westport  Futures Fund
L.P.  (the  "Partnership")  on Form 10-Q for the period ending March 31, 2003 as
filed with the  Securities  and  Exchange  Commission  on the date  hereof  (the
"Report"),  I, David J.  Vogel,  President  and  Director of  Citigroup  Managed
Futures LLC, certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to ss.
906 of the Sarbanes-Oxley Act of 2002, that:

     (1)  The Report fully  complies with the  requirements  of section 13(a) or
          15(d) of the Securities Exchange Act of 1934; and

     (2)  The  information  contained  in the  Report  fairly  presents,  in all
          material respects,  the financial  condition and results of operations
          of the Partnership.


/s/ David J. Vogel
-----------------------
David J. Vogel
Citigroup Managed Futures LLC
President and Director
May   14, 2003
    -----


                                       22
<PAGE>


                                  CERTIFICATION


I, Daniel R. McAuliffe, Jr., certify that:

1.   I have reviewed this quarterly report on Form 10-Q of Smith Barney Westport
     Futures Fund L.P.;

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material  respects the  financial  condition,  results of operations of the
     registrant as of, and for, the periods presented in this quarterly report;

4.   The  registrant's  other  certifying  officer  and  I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a.   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     b.   evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c.   presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The registrant's  other certifying  officer and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent function):

     a.   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     b.   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and

6.   The  registrant's  other  certifying  officers and I have indicated in this
     quarterly report whether or not there were significant  changes in internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

Date: May 14, 2003

/s/ Daniel R. McAuliffe, Jr.
----------------------
Daniel R. McAuliffe, Jr.
Chief Financial Officer
and Director



                                       23
<PAGE>

                                  Exhibit 99.2

                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

     In connection with the Quarterly  Report of Smith Barney  Westport  Futures
Fund L.P. (the  "Partnership") on Form 10-Q for the period ending March 31, 2003
as filed with the  Securities  and Exchange  Commission  on the date hereof (the
"Report"), I, Daniel R. McAuliffe,  Jr., Chief Financial Officer and Director of
Citigroup  Managed  Futures LLC,  certify,  pursuant to 18 U.S.C.  ss. 1350,  as
adopted pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002, that:

     (1)  The Report fully  complies with the  requirements  of section 13(a) or
          15(d) of the Securities Exchange Act of 1934; and

     (2)  The  information  contained  in the  Report  fairly  presents,  in all
          material respects,  the financial  condition and results of operations
          of the Partnership.

/s/ Daniel R. McAuliffe, Jr.
---------------------------
Daniel R. McAuliffe, Jr.
Citigroup Managed Futures LLC
Chief Financial Officer and Director
May   14 , 2003
    -----



                                       24