UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

    [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                  For the quarterly period ended June 30, 2004
                                 --------------

                        Commission File number: 333-64718

                           Moriah Futures Fund, L.L.C.

             (Exact Name of Registrant as specified in its charter)

                            Oklahoma 6200 11-3455001
  State of Organization) (Primary Standard Industrial I.R.S. Employer I.D. No.
                           Classification Code Number)

                             9925 South Pennsylvania

                                    Suite 110

                          Oklahoma City, Oklahoma 73159

                                 (405) 691-2793

                           (405) 691-6124 (Facsimile)

               (Address, including zip code and telephone number,
              including area code of Registrant's principal office)



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,  and (2) has been subject to such filing  requirements
for the past 90 days.

                                             Yes [ X ]         No [   ]

                           Total number of Pages: 15



<PAGE>

                         PART I - FINANCIAL INFORMATION


Item 1.        Financial Statements

The following unaudited financial  statements of Moriah Futures Fund, L.L.C. are
included in Item 1:

        Balance Sheet as of June 30, 2004 and June 30, 2003 (Unaudited)

        Statements of  Operations  for the Three  Months Ended June 30, 2004 and
                 June 30, 2003 (Unaudited)

        Statements of Cash Flows for the Three Months Ended
            June 30, 2004 and June 30, 2003 (Unaudited)

        Statements of Changes in Members' Equity for the Three Months Ended
            June 30, 2004 and June 30, 2003 (Unaudited)




                                       2
<PAGE>


                      Hanseatic Discretionary Pool, L.L.C.
                                  Balance Sheet
                               As of June 30, 2004

                                                                    30-Jun-04
                                                                  -----------
ASSETS

   Cash and short term marketable securities                      $   183,206
   Deposits with clearing broker:                                      54,122
   Prepaid expenses                                                    63,544
                                                                  -----------
         Total assets                                             $   300,871
                                                                  ===========

LIABILITIES

  Redemption's payable                                            $         0
  Subscriptions pending                                                     0
  Net asset fees payable                                                  501
  Trail commission payable                                                318
  Operating expenses payable                                              301
                                                                  -----------
         Total liabilities                                              1,121


MEMBERS' EQUITY (Units redeemable at the option of
   the unit holder)

Manager  (37 units at 6/30/04)                                          3,072
Members (20,140 units at 6/30/03                                      296,678
                                                                  -----------
         Total members' equity                                        299,750
                                                                  -----------
         Total liabilities & member's equity                      $   300,871
                                                                  ===========




Please see the notes to these financial statements.



                                       3
<PAGE>


                      Hanseatic Discretionary Pool, L.L.C.
                             Statement of Operations
              For the Periods Ended June 30, 2004 and June 30, 2003



                                         Six        Six       Three     Three
                                        Months     Months     Months    Months
                                      30-Jun-04  30-Jun-03  30-Jun-04  30-Jun-03
                                      =========  =========  =========  =========
Revenues:
   Gross realized trading
    gains (losses)                    ($44,896)  ($34,817)  ($16,134)  $31,106

Less cost of revenues:
   Incentive fees                            0          0          0         0
   Commission expenses                 (15,477)   (68,985)   ( 6,620)  (32,216)
                                      ---------  ---------   --------  --------
Gross margin (deficit) on trading      (60,373)   (91,260)   (22,754)   (1,110)
   activities

Administration expenses:
   Net asset fees                        5,336     23,733      2,282    11,054
   Operating expenses                    3,102     12,511      1,227     5,130
                                      ---------  ---------   --------  --------
 Total administrative expenses           8,438     36,244      3,509    16,184
                                      ---------  ---------   --------  --------
    Income (loss) from operations      (68,811)  (127,504)   (26,263)  (17,294)

Other income (expense):
    Interest income                        487      5,480        318     2,128
    Interest expense                         0          0          0         0
                                      ---------  ---------   --------  --------
Net income (loss) before provision     (68,324)  (124,828)   (25,945)  (14,617)
    for income taxes

    Provision for income taxes               0          0          0         0
                                      ---------  ---------   --------  --------
Net income (loss) available to
    members                           ($68,324) ($124,828)  ($25,945) ($14,617)
                                      =========  =========   ========  ========

Net income (loss) per unit             ($12.63)    ($5.37)    ($5.99)   ($0.60)

Weighted average of units outstanding    5,406     23,231      4,334    24,349



Please see the notes to these financial statements.




                                       4
<PAGE>


                      Hanseatic Discretionary Pool, L.L.C.
                             Statement of Cash Flows
         For the Six Month Periods Ended June 30, 2004 and June 30, 2003


                                                        30-Jun-04      30-Jun-03
                                                       ----------     ----------
    Cash flows from (for)  operating activities:

    Net income (loss) available to members              ($68,324)     ($124,828)

    Changes in other operating assets and liabilities:
      Clearing broker deposits                            54,122        547,491
      Interest receivable                                      0           (327)
      Commissions receivable                                   0            495
      Trail commissions payable                             (318)             0
      Operating expenses payable                            (301)        (2,088)
      Net asset fees payable                                (501)        (1,293)
                                                       ----------     ----------
  Net cash provided (used) by operating activities       (15,322)       419,450

  Cash flows from (for)  financing activities:

      Subscriptions                                            0        100,200
      Subscriptions pending                                    0        (95,200)
      Redemption's                                      (275,036)      (521,700)
  Net cash provided (used) by financing activities      (275,036)      (516,700)
                                                       ----------     ----------
  Net change in cash position                           (290,358)       (97,250)

  Cash balance at beginning of fiscal year             1,367,035        196,596
                                                       ----------     ----------
  Cash balance at end of the period                     $183,206        $99,346
                                                       ==========     ==========

Supplemental disclosures of cash flow information:
Interest paid during the period                               $0             $0
Income taxes paid during the period                           $0             $0





Please see the notes to these financial statements.

                                       5
<PAGE>

                      Hanseatic Discretionary Pool, L.L.C.
                     Statement of Changes in Members' Equity
              For the Periods Ended June 30, 2004 and June 30, 2003





                                        Members'       Units       Net Value
                                         Equity     Outstanding    per unit
                                     ============   ===========   ==========

Net Asset Value at January 1, 2003    $2,605,286      25,003       $   104

                 Subscriptions           100,200         964

                 Redemptions            (520,128)     (5,411)

                 Net income (loss)      (124,828)
                                     ------------   -----------   ----------
Net Asset Value at June 30, 2003      $2,060,530      20,556       $   100
                                     ============   ===========   ==========




                                        Members'       Units       Net Value
                                         Equity     Outstanding    per unit
                                     ============   ===========   ==========


Net Asset Value at January 1, 2004    $  643,110       6,756       $    95

                 Subscriptions                 0           0

                 Redemptions            (275,036)     (3,119)

                 Net income (loss)      ( 68,324)
                                     ------------   -----------   ----------
Net Asset Value at June 30, 2004      $  299,750       3,637       $    82
                                     ============   ===========   ==========








Please see the notes to these financial statements.


                                       6
<PAGE>


Moriah Futures Fund, L.L.C.
Unaudited Notes to the Financial Statements
For the Period Ended June 30, 2004


Note 1.  Organization and Summary of Significant Accounting Policies

The  Moriah  Futures  Fund,  LLC (the  "Fund")  is a limited  liability  company
organized  under  the  laws of the  state of New York in  September  1998.  When
originally  organized,  the Fund was known as the Hanseatic  Discretionary Pool,
L.L.C.  In July  2000,  the  state of  organization  of the  Pool  was  moved to
Oklahoma.  In February  2004,  the Fund changed its name to Moriah Futures Fund,
L.L.C.

The Fund is  operated  by Pool  Management  Services,  Inc.,  a  commodity  pool
operator  (member of the National  Futures  Association  and registered with the
Commodity Futures Trading Commission).  The Fund may and does use funds that are
combined for the purpose of speculative  trading in commodity futures and option
contracts.

Use of Estimates: The preparation of the financial statements in conformity with
generally accepted  accounting  principals  requires  management to make certain
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the  financial  statements  and the  reported  amounts of revenues  and expenses
during the reporting period. Actual results may differ from these estimates.

Cash & short term  deposits:  For the  purposes of the  statement of cash flows,
cash  includes cash deposits and short term  securities  with maturity  dates of
less than three months from the date of the financial statements.

Revenue  Recognition:  Gross realized  trading gains or losses are recognized on
the trade  date.  Positions  open at period end are  marked to market  using the
closing settlement price at period end and are included in changes in open trade
equity.

Commission expenses:  Prior to April 2001, the commissions expense on each round
turn trade  executed  was capped at $30 per round  turn,  inclusive  of all fees
charged by the Fund's clearing  futures  commission  merchant.  In the event the
Fund paid a commission  fee in excess of $30 per round turn,  the Fund's manager
reimbursed the excess.

In April  2001,  the fee  structure  of the Fund was  amended  so that  Fund was
charged an annual fixed  commission  rate of 5.8% of the Fund's net asset value,
paid  monthly at a rate of  0.41667%.  The 5.8%  annual  fixed  commission  rate
included a trail  commission of  approximately  4.0% annually (paid monthly at a
rate of .33333%) of the Fund's net asset value.

Net Asset Fees: The Fund's manager  charges a monthly net asset fee of .1667% of
the Fund's  net asset  value.  Upon  collecting  the net asset  fee,  the Fund's
Manager pays the entirety of the net asset fee to  Hanseatic  Group,  the Fund's
Trading Advisor.

Incentive  fees: The Fund's  manager  charges an incentive fee of 10% on the new
net trading profits of the Fund, calculated on a quarterly basis.  Additionally,
the Fund's Commodity  Trading Advisor charges an incentive fee of 10% on the new
net trading profits of the Fund, calculated on a quarterly basis.

Currency  conversion:   The  Fund  applies  Statement  of  Financial  Accounting
Standards (SFAS) No. 52, Foreign Currency  Translation.  Accordingly,  the gains
and losses on speculative  trading transacted in a foreign currency are included
in the statement of operations in total

                                       7
<PAGE>

revenues or losses from trading.  Gains or losses from currency conversion arise
when gains or losses from trading transacted in a foreign currency are converted
to U.S. dollars.  These gains or losses are determined by the difference between
the  foreign  currency  rate  in  effect  at  the  opening  of  the  speculative
transaction in a foreign currency and the repatriation of funds to U.S. dollars.

Income  Taxes-  The Fund has  elected  to be taxed as a  partnership  under  the
Internal Revenue Service Code.  Accordingly,  the individual members of the Fund
report the Fund's taxable income.

Note 2. Allocation of Net Income

The net  income  or  loss of the  Fund is  allocated  to the  participants  on a
pro-rata monthly basis based upon each partner's weighted  percentage  ownership
during the month.

Note 3. Financial  Instruments with Off-Balance Sheet Risk and Concentrations of
Credit Risk

The Fund engages in speculative  trading in exchange  traded futures and options
contracts  that involve  varying  degrees of market and credit risk that exposes
the Fund to risk of loss that may be in excess of the amounts  presented  in the
balance  sheet.  Market  risks may arise from  unfavorable  changes in  interest
rates,  foreign  exchange  rates,  or  the  market  values  of  the  instruments
underlying the futures and options contracts.  All contract positions are stated
at fair value and those values are  reflected  in total  revenue from trading in
the statement of operations.

The value of Fund's  assets may have changed  significantly  by the date of this
report due to changes in market prices for the contracts open at June 30, 2003.

The Fund is exposed to credit risk,  in the event of  nonperformance  by counter
parties  to  financial   instruments.   The  credit  risk  from  counter   party
nonperformance associated with these financial instruments is the net unrealized
gain, if any included in the statement of operations. The Fund seeks to mitigate
credit risk by conducting transactions in designated exchange traded futures and
options  contracts.  The Fund does not participate in "over the counter" trading
in futures and option contracts.  As opposed to "over the counter" trading,  the
counter  party to all  contracts is the clearing  exchange  and  performance  is
guaranteed by the full membership of the exchange.

The Fund seeks to control  market  risk by  monitoring  all open  positions  for
adverse changes in market price on a real time basis. The Fund places protective
stop orders and, in some cases,  defensive  hedge  positions in order to protect
Fund assets.

Note 4. Other Concentrations of Credit Risk

The Fund has a  substantial  portion of its assets on deposit  with the clearing
futures commission merchant. The Fund's assets are commingled with the assets of
other  unrelated   entities  with  similar  deposits  at  the  clearing  futures
commission  merchant.  In the event of the  insolvency  of the clearing  futures
commission merchant,  recovery of the Fund's assets may be limited to a pro rata
share  of  available  funds on  deposit  with the  clearing  futures  commission
merchant.

Note 5. Related Party Transactions

The Fund's manager receives a net asset fee, which it pays, in its entirety,  to
the Fund's  Commodity  Trading  Advisor.  The  Fund's  manager  also  receives a
quarterly  incentive fee, half of which it pays to the Fund's Commodity  Trading
Advisor.


                                       8
<PAGE>

Note 6. Change in Fund's Fee Structure

In March 2001,  the  compensation  structure of the Fund was amended.  Under the
terms of the new compensation structure, the Fund's manager no longer receives a
portion of the commission charged to the Fund by the clearing futures commission
merchant on trades  transacted.  Instead the Fund's  manager  receives a trailer
commission  that is part of the 5.8%  annual  fixed  commission  fee paid by the
fund. The Fund's manager receives the trailer  commission in addition to the net
asset fee and incentive fees described in Note 1.

The amount of the trailer commission paid to the Fund's manager is approximately
4% per annum. The trailer  commission is equal to: the 5.8% fixed commission fee
(payable monthly),  less the commissions and other per trade fees charged by the
Fund's clearing  futures  commission  merchant.  The trailer  commission is then
reduced by: 1) commissions  and/or trailer  commissions  paid to selling agents,
and 2) Any of the Fund's operating expenses that exceed 1% of the annual average
net asset value of the Fund.

Additionally, after March 2001 the interest income earned on Fund assets were no
longer paid to the Fund's manager, but instead accrued to the Fund.

Note 7. Net Income Per Unit

The  Company  calculates  net income per unit based on the  weighted  average of
membership  units  outstanding  during  the  fiscal  year.  There  are no  other
financial  instruments  outstanding  that are convertible into units at June 30,
2004.

Note 8. Redemptions

Members  may  redeem  any part or all of their  units in the fund  upon  written
notice  on or before  the  close of  business  of the last  business  day of any
calendar month. The redemption  amount will be based upon the net asset value of
the units of membership  interest as calculated at the end of the month in which
the redemption request is received.  Redemptions may not be granted in the event
the Fund does not have enough liquid assets to pay the redemption.

Units  redeemed  within the first six months  following  the  effective  date of
subscription  are charged a 4% early  withdrawal  fee.  Units that are  redeemed
between  the 6th  month  and the 12th  month  following  the  effective  date of
subscription are charged a 3% early withdrawal fee.

Note 9. Net Asset Value per Unit

Net Asset Value per unit is  calculated  by dividing  the Net Asset Value of the
Fund at the end of the reporting period by the number of fund units  outstanding
at the end of the reporting period.

The Net Asset Value of the Fund is equal to: Existing Fund cash funds,  plus any
new additions of cash funds, plus or minus profits or losses from closed trades,
plus or minus profits or losses from trades currently open, less commission fees
(inclusive of all  transaction  fees),  plus or minus any gains or losses in the
conversion of foreign  currency,  less net asset fees, less operating  expenses,
plus interest income.

                                       9
<PAGE>

ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS.

The Fund is a limited liability  company.  The Fund is operated by it's Manager,
Pool Management  Services,  Inc. ("PMSI").  PMSI is a commodity pool operator, a
member of the National  Futures  Association  and registered  with the Commodity
Futures Trading Commission. As a commodity pool, the Fund may use funds that are
combined for the purpose of trading futures and commodity option contracts.

General Statement: Factors that may affect future results

With  the  exception  of  historical  information,   the  matters  discussed  in
Management's  Discussion  and  Analysis of  Financial  Condition  and Results of
Operations  and elsewhere in this  quarterly  report  contains  forward  looking
statements under the 1995 Private Securities  Litigation Reform Act that involve
various risks and  uncertainties.  Typically,  these statements are indicated by
words  such as  "anticipates",  "expects",  "believes",  "plans",  "could",  and
similar words and phrases. Factors that could cause the Fund's actual results to
differ  materially  from  management's  projections,  forecasts,  estimates  and
expectations include but are not limited to the following:

o        Unexpected global economic changes.

o        The imposition of new  restrictions or regulations by contract  markets
         or government agencies that affect the Fund's trading activities.

To the extent  possible,  the following  discussion will highlight the financial
results of the Fund during the period.  The amounts  discussed have been rounded
to the nearest thousandth.

Results of Operations

For the three months January 1, 2004 to March 31, 2004

Revenues and Income Our Fund Earns

During the quarter,  our Fund's gross  trading  revenues were a loss of $16,134.
That compared to a gain of 31,106 for the first quarter of 2003.

From the inception of the fund in 1998 until  December 31, 2003, our fund traded
pursuant to the Hanseatic  Discretionary Program.  Hanseatic Corporation was the
trading advisor.  Overall, the Discretionary  Program posted losses for the year
of 2003.  The second  quarter of 2003 was the one quarter in which this  program
realized gains.

On January 1, 2004,  Jalex Trading became the Fund's trading  advisor.  The Fund
began trading  pursuant to the Jalex Trading  Futures  Spread  Program.  Trading
pursuant to this program, losses were realized for the second quarter of 2004.

During the second quarter of 2004, our fund's interest income totaled $318. This
compared to interest  income of $2,128  during the same quarter in 2003.  As you
can see,  interest  income accounts for only a small part of the revenues in our
fund.

On a  proportionate  basis,  there was a  substantial  decrease in the amount of
interest  Income our fund received in the second  quarter of 2004 as compared to
the second  quarter of 2003.  There were two  reasons for this  decrease:  1)The
total net asset  value of our fund  decreased.  Since our fund's net asset value
decreased between the

                                       10
<PAGE>

years,  there were  fewer  assets  available  upon  which to earn  interest.  2)
Interest  rates paid on assets  continued  to remain very low. In recent  years,
interest rates paid on our fund's assets have declined significantly. This trend
continued throughout the second quarter of 2004.

Fees Paid In the Operations Of Our Fund

In  conducting  its  operations,  our fund paid two general  types of fees - Net
Asset Fees and Operating Expenses.

NET ASSET  FEE:  The Fund pays its  trading  advisor a monthly  net asset fee of
..16667% of the fund's net asset  value.  This  payment is  remuneration  for the
trading advisory services the CTA performed.  In the second quarter of 2004, the
fund paid $2,282 in net asset fees. This compares to $11,054 paid by the Fund in
the second quarter of 2003.

Additionally,  the fund pays a trail commission of .483% of the fund's net asset
value per month.  The actual  commission and fees charged by the fund's clearing
firm are deducted from this fee each month. The remaining balance is paid to the
fund's Commodity Pool Operator as remuneration for  administration of the fund's
operations.  During the second  quarter of 2004, the fund paid a total of $6,620
in total  commissions  (trail  commissions and actual costs of clearing trades),
compared to $32,216 during the second quarter of 2003.

The total  amount of net asset fees and trail  commissions  the fund paid during
the second  quarter of 2004 was  considerably  less than the amount  paid in the
same period of 2003.  The reason for the  decrease  between the two fiscal years
was the decrease in the total net asset value of the Fund. As the name suggests,
net asset fees are a percentage-based fee. Although the percentage being charged
remains  the same,  the total  amount of net assets  upon which the fee is based
will change.  During 2003,  our fund had a greater net asset value than in 2004.
Thus,  the decline in the total  amount of net asset fees is directly  linked to
the decline in total net assets held in our fund.

OPERATING EXPENSES: Operating expenses paid by the fund are expenses incurred as
the fund conducts its day-to-day business matters. Included are expenses such as
a telephone expenses, postage, printing, etc.

During the second  quarter of 2004, our fund paid a total of $1,227 in Operating
Expenses.  This compares with a total of $5,130 for the second  quarter of 2003.
The decline in operating expenses results from a decrease in the total net asset
value of the fund from 2003 to 2004.  The amount of operating  expenses the fund
pays is capped at a total of 1% of its net asset value per annum.  Thus,  as the
net asset value  declined  from 2003 to 2004,  the amount of operating  expenses
likewise declined.

NET RESULTS

After all additions and deductions,  our fund experienced net loss in the second
quarter of 2004 of $25,945.  For the same quarter of 2003,  the fund  realized a
net loss of $14,617.  On a per unit  basis,  the fund lost $5.99 per unit in the
second  quarter  of 2004 as  compared  to a loss of $0.60 per unit in the second
quarter of 2003.


                                       11
<PAGE>



The  profitability of our fund is significantly  linked to the  profitability of
the trading  program  employed by our fund's trading  advisor.  Since reaching a
peak  in  performance  during  March  2002,  the  performance  of the  Hanseatic
Discretionary  Pool declined  significantly.  As our fund's manager,  we allowed
Hanseatic  Corporation  considerable  time to reverse the  performance  of their
trading program.

As 2003 drew to an end, we made the decision that, in our opinion, it was in our
fund's best  interests to replace  Hanseatic  Corporation  as our fund's trading
advisor.  On December 26, 2003, our fund's advisory  relationship with Hanseatic
Corporation  was  terminated.  On  January  1, 2004,  our fund  initiated  a new
advisory  relationship with Jalex Trading. At that time, our fund's assets began
to be traded  pursuant to the Jalex Trading  Futures  Spread  Program.  Although
losses were  realized  for the second  quarter of 2004,  it is our  intention to
allow  sufficient  time to  evaluate  the  trading  results  of the new  trading
advisor.

Item 3.  Controls and Procedures

Evaluation of Disclosure Controls and Procedures

The Fund's management,  with the participation of the Fund's President and Chief
Executive Officer and Vice President and Chief Financial Officer, have evaluated
the effectiveness of the Fund's disclosure controls and procedures as of the end
of the period  covered by this report.  Based upon that  evaluation,  the Fund's
President and Chief  Executive  Officer and Vice  President and Chief  Financial
Officer have  concluded that the Fund's  disclosure  controls and procedures are
effective in providing  reasonable assurance that the information required to be
disclosed by the Fund in the reports that it files under the Securities Exchange
Act of 1934, as amended, is recorded, processed,  summarized and reported within
the time frames specified in the Securities and Exchange  Commission's rules and
forms.

Changes in Internal Control over Financial Reporting

There has been no change in the Fund's internal control over financial reporting
that  occurred  during the period  covered by this  report  that has  materially
affected,  or is reasonably  likely to materially  affect,  the Fund's  internal
control over financial reporting.

                            PART II-OTHER INFORMATION

Item 1.        Legal Proceedings.

               None

Item 2.        Changes in Securities

               None

Item 3.        Defaults Upon Senior Securities

               Not applicable.



                                       12
<PAGE>



Item 4.        Submissions of Matters to a vote of Security Holders.

               None

Item 5.        Other Information

               None

Item 6.        Exhibits and Reports on Form 8-K.

               None

               There are no exhibits to this Form 10-QSB.

PART III

Item 1.  INDEX TO EXHIBITS

Sequentially
Numbered

Page        Exhibit No. Exhibit
----------  ----------  -------

            3(i)        Form of Certificate of Limited liability company
                        interests*
            3(ii)       Operating Agreement, as amended, dated November 30,2001*
            10(i)       Advisory Agreement between Hanseatic Corporation and
                        Moriah Futures Fund, L.L.C.*
            10(ii)      Amended Advisory Agreement*




*  Heretofore  file as an exhibit to the  registration  statement  on Form SB-2,
filed by the  Fund  (Commission  File No.  33-64718)  and  incorporated  by this
reference.

Upon  request,  the Fund will  furnish a copy of any Exhibit to this report upon
payment of reasonable copying and mailing expenses.


                                 CERTIFICATIONS

The undersigned, severally, certify that:

1.       We  have reviewed this quarterly  report on Form 10-QSB for the quarter
         ended June 30, 2004 of the Moriah Futures Fund, LLC ("registrant");

2.       Based on our  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 our knowledge,  the unaudited financial statements,  and other
         financial  information  included in this report,  fairly present in all
         material  respects the financial  condition,  results of operations and
         cash flows of the  registrant as of, and for, the periods  presented in
         this report;


                                       13
<PAGE>

4.       We are responsible for establishing and maintaining disclosure controls
         and  procedures  and internal  controls and  procedures  for  financial
         reporting  (as defined in Exchange Act Rules 13a-14 and 15d-14) for the
         registrant and we 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  issuer  is made  known  to us by  others  particularly
                during the period in which this report is being prepared;

         b)     Designed such internal  controls and  procedures for financial
                reporting, or caused such internal controls and procedures for
                financial reporting to be designed under their supervision, to
                provide reasonable assurances that the registrant's  financial
                statements are fairly  presented in conformity  with generally
                accepted accounting principles;

         c)     Evaluated the  effectiveness  of the  registrant's  disclosure
                controls and procedures  and internal  controls and procedures
                for financial reporting as of the end of the period covered by
                this report ("Evaluation Date");

         d)     Presented   in  this   report   our   conclusions   about  the
                effectiveness  of the  disclosure  controls and procedures and
                internal controls and procedures for financial reporting based
                on our evaluation as of the Evaluation Date;

         e)     Disclosed to the registrant's auditors and the audit committee
                of the managers (or persons fulfilling the equivalent function):

                (i)      All significant  deficiencies and material weaknesses
                         in the design or operation  of internal  controls and
                         procedures  for  financial   reporting   which  could
                         adversely affect the registrant's  ability to record,
                         process,  summarize and report financial  information
                         required to be  disclosed  by the  registrant  in the
                         reports  that it files or  submits  under the Act (15
                         U.S.C.   78a  et  seq.),   within  the  time  periods
                         specified  in  the  U.S.   Securities   and  Exchange
                         Commission's rules and forms; and

                (ii)     Any fraud,  whether or not  material,  that  involves
                         management or other  employees who have a significant
                         role  in  the  registrant's   internal  controls  and
                         procedures for financial reporting; and

         f)     Indicated  in  this  report  any  significant  changes  in the
                registrant's  internal  controls and  procedures for financial
                reporting or in other factors that could significantly  affect
                internal controls and procedures for financial  reporting made
                during  the  period  covered  by this  report,  including  any
                actions taken to correct significant deficiencies and material
                weaknesses   in  the   registrant's   internal   controls  and
                procedures for financial reporting.

Date:    August 17, 2004


                            /s/ Simcha Bluth
                            ----------------
                            Simcha Bluth, President and Chief Executive Officer

                            /s/ Randall Shell
                            -----------------
                            Randall Shell, Vice President and Chief
                            Financial Officer


                                       14
<PAGE>

In connection with the pool's  unaudited  financial  statements for the quarters
ended June 30, 2004 and June 30, 2003  contained in this  Quarterly  Report (the
"Financial  Statements"),  the undersigned Simcha Bluth and Randall Shell, Chief
Executive Officer and Chief Financial Officer,  respectively, of Pool Management
Services, Inc., Commodity Pool Operator and Manager of Moriah Futures Fund, LLC,
certify  pursuant to 18 U.S.C.  Section  1350,  as adopted by Section 906 of the
Sarbanes-Oxley Act of 2002, that, to the best of their respective knowledge:

     (1)  The Financial Statements comply with the requirements of Section 13(a)
          or 15(d) of the Securities Exchange Act of 1934, as amended; and

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

August 17, 2004


                            /s/ Simcha Bluth
                            ----------------
                            Simcha Bluth, President and Chief Executive Officer

                            /s/ Randall Shell
                            -----------------
                            Randall Shell, Vice President and Chief
                            Financial Officer


                                   SIGNATURES

In  accordance  with the Exchange  Act, this report has been signed below by the
following  persons on behalf of the Fund in the  capacities  indicated on August
17, 2004.

                                    MORIAH FUTURES FUND, L.L.C.

                                    By:  POOL MANAGEMENT SERVICES, INC.
                                         Managing Member

                                    By:  /s/ Randall L. Shell
                                         ---------------------------
                                         Vice President

Signature                 Capacity                             Date

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


/s/ Simcha Bluth          President, Director              August 17, 2004
----------------------    of the Managing Member
Simcha Bluth


/s/ Randall L. Shell      Chief Operating Officer,         August 17, 2004
----------------------    Chief Financial and
Randall L. Shell          Accounting Officer,
                          Director of the Managing
                          Member


                                       15
<PAGE>