Item 6. Selected Financial Data. The Partnership commenced trading operations on
March 16, 1998. Net realized and  unrealized  trading gains  (losses),  interest
income,  net  income  (loss)  and  increase  (decrease)  in Net Asset  Value per
Redeemable Unit for the years ended December 31, 2003, 2002, 2001, 2000 and 1999
and  total  assets at  December  31,  2003,  2002,  2001,  2000 and 1999 were as
follows:

<TABLE>
<CAPTION>
<S>                                               <C>              <C>             <C>            <C>             <C>
                                                2003             2002            2001            2000             1999
                                              -----------      -----------     -----------      -----------    -------------

Net realized and unrealized trading gains
(losses) net of expenses allocated
from Master, brokerage commissions and
clearing fees of $6,760,951, $15,155,860,
$6,777,879, $7,591,291 and
$12,587,354, respectively                    $(45,814,699)     $63,651,739     $35,703,923      $14,488,934    $(4,677,441)


Interest income                                  1,151,191       2,266,446       2,765,985        2,520,294       3,411,756
                                              -----------      -----------     -----------      -----------    -------------
                                             $(44,663,508)     $65,918,185     $38,469,908      $17,009,228    $(1,265,685)
                                             -----------      -----------     -----------      -----------    -------------

Net income (loss) before
Allocation to the Special Limited Partner    $(47,512,039)     $62,361,519     $36,115,307      $15,501,056    $(3,236,003)
                                             -----------      -----------     -----------      -----------    -------------

Allocation to the Special Limited Partner                -      12,019,017       6,669,865        1,831,884               -
                                             -----------      -----------     -----------      -----------    -------------
Net income (loss) available for pro rata
distribution                                 $(47,512,039)     $50,342,502     $29,445,442      $13,669,172    $(3,236,003)
                                             -----------      -----------     -----------      -----------    -------------

Increase (decrease) in Net Asset Value
per Redeemable Unit                              $(680.90)         $691.35         $489.01          $272.65        $(48.76)
                                             -----------      -----------     -----------      -----------    -------------

Total assets                                  $121,366,913    $194,697,342    $144,011,712      $95,783,289     $86,241,742
                                             -----------      -----------     -----------      -----------    -------------
</TABLE>

                                       14
<PAGE>
PricewaterhouseCoppers LLP

                                                    PricewaterhouseCoopers LLP
                                                    1177 Avenue of the Americas
                                                    New York   NY 10036
                                                    Telephone (646) 471 4000
                                                    Facsmile  (813) 286 6000


March 17, 2004

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

Re: Smith Barney AAA Energy Fund L.P.

Commissioners:

We have  read  the  statements  made by  Citigroup  Managed  Futures  LLC  (copy
attached),  which we understand will be filed with the Commissions,  pursuant to
Item 9 Form 10- K, as part of the  Fund's  Form 10-K  report  for the year ended
December 31, 2003.


Very truly yours,

/s/ PricewaterhouseCoopers LLP
    PricewaterhouseCoopers LLP

<PAGE>

                                                                    Exhibit 31.1
                                 CERTIFICATION


I, David J. Vogel, certify that:

1. I have reviewed this quarterly report on Form 10-K of Smith Barney AAA Energy
Fund L.P. (the "registrant");

2. Based on my knowledge, this 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 report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information included in this report, fairly present in all material respects the
financial  condition and results of operations of the registrant as of, and for,
the periods presented in this 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-15(e) and 15d-15(e)) for the registrant and have:

a) designed such disclosure  controls and procedures,  or caused such disclosure
controls and  procedures to be designed  under our  supervision,  to ensure that
material  information  relating to the  registrant is made known to us by others
within those  entities,  particularly  during the period in which this report is
being prepared;

b) evaluated  the  effectiveness  of the  registrant's  disclosure  controls and
procedures and presented in this report our conclusions  about the effectiveness
of the disclosure  controls and procedures,  as of the end of the period covered
by this report based on such evaluation; and

c) disclosed in this report any change in the registrant's internal control over
financial  reporting that occurred  during the  registrant's  most recent fiscal
quarter (the registrant's fourth fiscal quarter in the case of an annual report)
that has materially affected,  or is reasonably likely to materially affect, the
registrant's internal control over financial reporting; and


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

a) all  significant  deficiencies  and  material  weaknesses  in the  design  or
operation of internal  control over  financial  reporting  which are  reasonably
likely  to  adversely  affect  the  registrant's  ability  to  record,  process,
summarize and report financial information; and

b) any  fraud,  whether  or not  material,  that  involves  management  or other
employees who have a significant role in the registrant's  internal control over
financial reporting.


Date: March 15, 2004
                                          /s/  David J. Vogel
                                               David J. Vogel
                                               Citigroup Managed Futures LLC
                                               President and Director