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, 1999

Commission File Number 0-21588


      SMITH BARNEY INTERNATIONAL ADVISORS CURRENCY FUND L.P.
         (Exact name of registrant as specified in its charter)


        New York                               13-3616914        
(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 INTERNATIONAL ADVISORS CURRENCY FUND L.P.
                                    FORM 10-Q
                                      INDEX

                                                                      Page
                                                                     Number


PART I - Financial Information:

  Item 1.  Financial Statements:

           Statement of Financial Condition at
           March 31, 1999 (unaudited) and
           December 31, 1998.                                          3

           Statement of Income and Expenses and Partners'  Capital
           for the three months ended March 31, 1999 and 1998
           (unaudited).                                               4

           Notes to Financial Statements (unaudited)                5 - 9

  Item 2.  Management's Discussion and Analysis
           of Financial Condition and Results of
           Operations                                              10 - 13

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

PART II - Other Information                                           16


<PAGE>


 
                                     PART I

                          Item 1. Financial Statements


             SMITH BARNEY INTERNATIONAL ADVISORS CURRENCY FUND L.P.
                        STATEMENT OF FINANCIAL CONDITION


<TABLE>
<CAPTION>

                                                       MARCH 31,    DECEMBER 31,
                                                        1999          1998
                                                     -----------    -----------
                                                    (Unaudited)
<S>                                                      <C>           <C> 
ASSETS:

Equity in commodity futures trading account:
  Cash and cash equivalents                          $ 3,470,632     $ 3,176,930

  Net unrealized appreciation
    on open futures contracts                            (32,774)         19,227

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


                                                       3,437,858       3,196,157

Interest receivable                                       11,624          10,034
Other assets                                                --             5,779
                                                     -----------     -----------

                                                     $ 3,449,482     $ 3,211,970

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


LIABILITIES AND PARTNERS' CAPITAL:

Liabilities:

 Accrued expenses:
  Commissions                                        $    19,960     $    18,577
  Professional fees                                       13,947          23,334
  Other                                                   13,995           4,067
  Incentive fees                                          15,931            --

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

Partners' Capital:                                        63,833          45,978
                                                     -----------     -----------

General Partner, 8,000.2096 Unit equivalents
  outstanding in 1999 and 1998                           117,523         108,483
Limited Partners, 222,430.5738 and
  225,512.5099 Units of Limited Partnership
  Interest outstanding in 1999 and 1998,
  respectively                                         3,268,126       3,057,509
                                                     -----------     -----------

                                                       3,385,649       3,165,992
                                                     -----------     -----------

                                                     $ 3,449,482     $ 3,211,970

                                                     ===========     ===========
</TABLE>

See Notes to Financial Statements.


                                                       3


<PAGE>




             SMITH BARNEY INTERNATIONAL ADVISORS CURRENCY FUND L.P.
             STATEMENT OF INCOME AND EXPENSES AND PARTNERS' CAPITAL
                                   (UNAUDITED)


<TABLE>
<CAPTION>

                                                          THREE MONTHS ENDED
                                                                MARCH 31,
                                                     ------------   -----------
                                                            1999          1998

                                                     ------------    ----------
<S>                                                        <C>             <C>  
Income:
  Net gains  on trading of commodity
   futures:
  Realized gains  on closed positions                 $   372,485    $   337,067
  Change in unrealized gains/losses on open
   positions                                              (52,001)      (139,748)

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

                                                          320,484        197,319
Less, brokerage commissions including clearing fees
  of $28 and $5, respectively                             (61,047)       (63,739)

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

  Net realized and unrealized gains                       259,437        133,580
  Interest income                                          33,164         35,387

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

                                                          292,601        168,967

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


Expenses:
  Incentive fees                                           15,931         13,983
  Other                                                    11,110          9,380

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

                                                           27,041         23,363

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

  Net income                                              265,560        145,604
  Redemptions                                             (45,903)       (97,621)

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

  Net increase  in Partners' capital                      219,657         47,983

Partners' capital, beginning of period                  3,165,992      3,481,352

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

Partners' capital, end of period                      $ 3,385,649    $ 3,529,335
                                                      ===========    ===========

Net asset value per Unit
  (230,430.7834 and 250,437.2984 Units outstanding
  at March 31, 1999 and 1998, respectively)           $     14.69    $     14.09
                                                      ===========    ===========


Net income  per Unit of Limited Partnership
  Interest and General Partner Unit equivalent        $      1.13    $      0.57
                                                      ===========    ===========
</TABLE>


See notes to Financial Statements

                                          4
                              


<PAGE>


             SMITH BARNEY INTERNATIONAL ADVISORS CURRENCY FUND L.P.
                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 1999
                                   (Unaudited)

1. General:

     Smith Barney International Advisors Currency Fund L.P., (the "Partnership")
is a  limited  partnership  which  was  organized  on May  29,  1991  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.  The
Partnership commenced trading operations on March 12, 1992.

     SmithBarney  Futures  Management  Inc.  acts as the  general  partner  (the
AGeneral  Partner@) of the Partnership.  The  Partnership's  commodity broker is
Salomon Smith Barney Inc.  ("SSB").  SSB is an affiliate of the General Partner.
The  General  Partner is wholly  owned by Salomon  Smith  Barney  Holdings  Inc.
("SSBH"),  which is the sole owner of SSB. SSBH is a wholly owned  subsidiary of
Citigroup Inc. All trading  decisions for the  Partnership are made by Friedberg
Commodity  Management Inc. and Trendview Capital Management  (collectively,  the
AAdvisors").

     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,  1999 and the  results of its  operations  for the three
months ended March 31, 1999 and 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, 1998.

     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.


<PAGE>


             Smith Barney International Advisors Currency Fund L.P.
                          Notes to Financial Statements
                                 March 31, 1999
                                   (continued)

2.       Net Asset Value Per Unit:

         Changes in net asset  value per Unit for the three  months  ended March
31, 1999 and 1998 were as follows:

                                               THREE-MONTHS ENDED
                                                    MARCH 31,
                                             1999             1998

Net realized and unrealized                           
 gains                                     $ 1.11            $ 0.52
Interest income                              0.15              0.14
Expenses                                    (0.13)           (0.09)
                                            -------           -----

Increase for period                          1.13              0.57

Net Asset Value per Unit,
 beginning of period                        13.56             13.52
                                           -------           ------

Net Asset Value per Unit,
 end of period                             $14.69            $14.09
                                           =======           ======

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 SSB  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,  if  applicable,  at March 31, 1999 and December 31, 1998 was $(32,774)
and  $19,227,  respectively,  and the  average  fair value  during the three and
twelve months then ended,  based on a monthly  calculation,  was  $(115,614) and
$148,854, respectively.


<PAGE>



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
may  include  forwards,  futures  and  options,  whose  value is  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.  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 SSB.

         The Partnership  engages in the trading of forward contracts in foreign
currencies.  In this  connection,  the  Partnership  contracts  with  SSB as the
counterparty  to take future  delivery of a particular  foreign  currency.  In a
forward transaction,  cash settlement does not occur until the agreed upon value
date  of  the  transaction.  The  Partnership's  credit  risk  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 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  March  31,  1999,  the  notional  or  contractual  amounts  of the
Partnership's  commitment to purchase and sell these instruments was $10,221,050
and  $17,201,122,  respectively,  as detailed  below.  All of these  instruments
mature  within  one year of March 31,  1999.  However,  due to the nature of the
Partnership=s business,  these instruments may not be held to maturity. At March
31, 1999, the fair value of the  Partnership's  derivatives,  including  options
thereon, if applicable, was $(32,774), as detailed below.

                       MARCH 31, 1999
                     NOTIONAL OR CONTRACTUAL
                     AMOUNT OF COMMITMENTS
                  TO PURCHASE      TO SELL     FAIR VALUE

Currencies:
- OTC Contracts   $10,221,050   $17,201,122   $   (32,774)
                  -----------   -----------   -----------

Totals            $10,221,050   $17,201,122   $   (32,774)
                  ===========   ===========   ===========



<PAGE>


         At  December  31,  1998,  the  notional or  contractual  amounts of the
Partnership's  commitment to purchase and sell these  instruments was $8,042,148
and  $7,658,181,   respectively,   and  the  fair  value  of  the  Partnership's
derivatives,  including options thereon,if applicable,  was $19,227, as detailed
below.

                                 DECEMBER 31, 1998
                               NOTIONAL OR CONTRACTUAL
                                AMOUNT OF COMMITMENTS
                              TO PURCHASE    TO SELL     FAIR VALUE

Currencies:
- OTC Contracts               $8,042,148   $6,050,771   $   59,967
- Exchange Traded Contracts         --      1,607,410      (40,740)
                              ----------   ----------   ----------

Total                         $8,042,148   $7,658,181   $   19,227
                              ==========   ==========   ==========


<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,  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 decrease in liquidity,
no such losses occurred in the first quarter of 1999.

         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, redemptions and distributions of profits, if
any.

         For  the  three  months  ended  March  31,  1999,  Partnership  capital
increased 6.9% from $3,165,992 to $3,385,649.  This increase was attributable to
net  income  from  operations  of  $265,560  which was  partially  offset by the
redemption of 3,081.9361 Units totaling $45,903 for the three months ended March
31,  1999.  Future  redemptions  can impact the  amount of funds  available  for
investments in commodity contract positions in subsequent periods.

Risk of Computer System Failure (Year 2000 Issue)

                  The Year 2000 issue is the  result of  existing  computers  in
many  businesses  using  only two digits to  identify a year in the date  field.
These  computers and programs,  often referred to as  "information  technology,"
were  designed  and  developed  without  considering  the impact of the upcoming
change in the century. If not corrected,  many computer  applications could fail
or create  erroneous  results at the Year 2000.  Such systems and  processes are
dependent on correctly identifying dates in the next century.

                  The  General   Partner   administers   the   business  of  the
Partnership through various systems and processes maintained by SSBH and SSB. In
addition, the operation of the Partnership is dependent on the capability of the
Partnership's  Advisors,  the brokers and  exchanges  through which the Advisors
trade, and other third parties to prepare adequately for the Year 2000 impact on
their  systems  and  processes.   The  Partnership  itself  has  no  systems  or
information technology applications relevant to its operations.


<PAGE>


                  The General Partner,  SSB, SSBH and their parent  organization
Citigroup Inc. have  undertaken a  comprehensive,  firm-wide  evaluation of both
internal and external  systems  (systems  related to third parties) to determine
the  specific  modifications  needed to prepare for the year 2000.  The combined
Year 2000 program in SSB is expected to cost approximately $140 million over the
four years  from 1996  through  1999,  and  involve  over 450 people at the peak
staffing level. SSB expects to complete all compliance and certification work by
June 1999. At this time,  over 95% of SSBH systems have completed the correction
process  and are Year 2000  compliant.  Over 73% of the systems  have  completed
certification testing. The Year 2000 project at SSBH remains on schedule.

                  The systems and components  supporting  the General  Partner's
business that require  remediation have been identified and  modifications  have
been made to bring them into Year 2000 compliance.  Testing of these systems was
completed in the fourth  quarter of 1998.  Final testing and  certification  are
expected to be completed by the end of the first quarter of 1999.

                  This expenditure and the General Partner's resources dedicated
to the  preparation  for Year 2000 do not and will not have a material impact on
the operation or results of the Partnership.

                  The General Partner has requested and received statements from
the Advisors that each has undertaken its own evaluation and  remediation  plans
to identify any of its  computer  systems  that are Year 2000  vulnerable.  Each
Advisor has confirmed it is taking immediate  actions to remedy those systems as
necessary. The General Partner will continue to inquire into and to confirm each
Advisor's readiness for Year 2000.

                  The most likely and most  significant  risk to the Partnership
associated  with the lack of Year  2000  readiness  is the  failure  of  outside
organizations,  including the commodities exchanges, clearing organizations,  or
regulators  with which the  Partnership  interacts  to  resolve  their Year 2000
issues in a timely  manner.  This risk could  involve the inability to determine
the value of the  Partnership  at some  point in time and would  make  effecting
purchases  or  redemptions  of Units in the  Partnership  infeasible  until such
valuation was determinable.

                  SSB has  successfully  participated in  industry-wide  testing
including:  The Streetwide  Beta Testing  organized by the  Securities  Industry
Association  (SIA),  a  government  securities  clearing  test with the  Federal
Reserve Bank of New York,  The  Depository  Trust  Company,  and The Bank of New
York,  and Futures  Industry  Association  participants  test.  The firm is also
participating in the streetwide testing which commenced in March 1999.

                  It is possible that problems may occur that would require some
time to repair.  Moreover,  it is possible that problems will occur outside SSBH
for which  SSBH could  experience  a  secondary  effect.  Consequently,  SSBH is
preparing   comprehensive,   written   contingency  plans  so  that  alternative
procedures  and a  framework  for  critical  decisions  are  defined  before any
potential crisis occurs. The goal of Year 2000 contingency  planning is a set of
alternate  procedures to be used in the event of a critical  system failure or a
failure by a supplier or  counterparty.  Planning work was completed in December
1998, and testing of alternative  procedures will be conducted in the first half
of 1999.

<PAGE>


Results of Operations

         During the Partnership's first quarter of 1999, the net asset value per
Unit increased 8.3% from $13.56 to $14.69, as compared to an increase of 4.2% in
the first quarter of 1998. The Partnership experienced a net trading gain before
brokerage commissions and related fees in the first quarter of 1999 of $320,484.
Gains  were  primarily  attributable  to losses in the  trading  of Euro,  Greek
Drachma,  Czech Korona and Brazilian Real and were partially offset by losses in
Japanese Yen,  Pound  Sterling,  Mexican Peso,  New Zealand Dollar and Hong Kong
Dollar.  The  Partnership  experienced  a  net  trading  gain  before  brokerage
commissions  and related fees in the first  quarter of 1998 of  $197,319.  Gains
were primarily  attributable to the trading of Swiss Francs, Greek Drachma, Thai
Baht, Indonesian Rupia and Malaysian Ringgit and were partially offset by losses
in New Zealand Dollar, Brazilian Cruzado and Japanese Yen.

         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 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 Advisors are able to identify  them,
the Partnership expects to increase capital through operations.

         Interest income on 85% of the Partnership's  daily equity maintained in
cash was  earned at the  monthly  average  13-week  U.S.  Treasury  Bill  yield.
Interest income for the three months ended March 31, 1999 decreased by $2,223 as
compared to the  corresponding  period in 1998. This decrease is primarily due a
decrease in interest rates in 1999 as compared to 1998.

         Brokerage commissions are calculated on the adjusted net asset value on
the last day of each month and, therefore, vary according to trading performance
and  redemptions.  Accordingly,  they  must  be  compared  in  relation  to  the
fluctuations in the monthly net asset values. Commissions and fees for the three
months ended March 31, 1999 decreased by $2,692 as compared to the corresponding
period in 1998.

         Incentive fees are based on the new trading  profits  generated by each
Advisor as defined in the  advisory  agreements  between  the  Partnership,  the
General Partner and each Advisor. Trading performance for the three months ended
March 31, 1999 and 1998  resulted  in  incentive  fees of $15,931  and  $13,983,
respectively.


<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
included 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.



<PAGE>



     The following table indicates the trading Value at Risk associated with the
Partnership's  open positions by market  category as of March 31, 1999. All open
position  trading  risk  exposures  of the  Partnership  have been  included  in
calculating the figures set forth below. As of March 31, 1999, the Partnership's
total  capitalization  was $3,385,649.  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, 1998.


                          March 31, 1999

                                      % of Total
Market Sector     Value at Risk    Capitalization

Currencies
 - OTC Contracts   $748,326            22.10%
                   --------            -----

Total              $748,326            22.10%
                   ========             =====

<PAGE>
                   PART II OTHER INFORMATION

Item 1.   Legal Proceedings

               For  information  concerning  a purported  class  action  against
          numerous  broker-dealers  including  Salomon  Smith  Barney,  see  the
          description that appears in the sixth paragraph under the caption Item
          3. "Legal Proceedings" on Form 10-K for the year ending  December  31,
          1998.  SSBH has filed a motion to  dismiss  the amended complaint.

Item 2.   Changes in Securities and Use of Proceeds - None

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




<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 INTERNATIONAL ADVISORS CURRENCY FUND L.P.


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

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


Date:     5/14/99

         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:     5/14/99


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

Date:     5/14/99


<PAGE>