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

                        Commission File number: 333-64718

                      HANSEATIC DISCRETIONARY POOL, 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:14

<PAGE>

                         PART I - FINANCIAL INFORMATION


Item 1.        Financial Statements

The following  unaudited financial  statements of Hanseatic  Discretionary Pool,
L.L.C. are included in Item 1:

        Balance Sheet as of March 30, 2003 and March 31, 2002 (Unaudited)

        Statements of  Operations  for the Three Months Ended March 31, 2003 and
                 March 31, 2002 (Unaudited)

        Statements of Cash Flows for the Three Months Ended
                 March 31, 2003 and March 31, 2002 (Unaudited)

        Statements of Changes in Members' Equity for the Three Months Ended
                 March 31, 2003 and March 31, 2002 (Unaudited)




<PAGE>



                      Hanseatic Discretionary Pool, L.L.C.
                            Balance Sheet (Unaudited)
                     As of March 31, 2003 and March 31, 2002


                                                       31-Mar-03      31-Mar-02
                                                       ---------      ---------
Assets:

Cash and short term marketable securities            $    99,852     $   96,233
Deposits with clearing broker
         Cash Balance                                  2,213,878      2,821,945
         Open Trade Equity                                 5,328         25,943
Interest Receivable                                          867          2,205
Prepaid Expenses                                          41,227          3,000
                                                      ----------     ----------
Total Assets                                          $2,361,152     $2,949,326

Liabilities:

Redemptions Payable                                   $   57,500     $   63,485
Subscriptions Pending                                          0              0
Net asset fees payable                                     3,934          4,912
Operating Expenses payable                                   724            799
CPO trailer commissions payable                           10,036         11,814
Incentive Fees Payable                                         0              0
                                                      ----------     ----------
Total Liabilities                                     $   72,194     $   81,010

Member's Equity (Units redeemable at the option
  of the unit holder)

Manager (416 units at 3/31/03 and 416 units at
  3/31/02)                                            $   41,586     $   44,596
Members (22,912 units at 3/31/03 and 26,773 units
  at 3/31/02)                                          2,247,372      2,823,721
                                                      ----------     ----------

Total member's equity                                 $2,288,958     $2,868,317

Total liabilities & member's equity                   $2,361,152     $2,949,326
                                                      ==========     ==========



Please see the notes to these financial statements


<PAGE>

                      Hanseatic Discretionary Pool, L.L.C.
                       Statement of Operations (Unaudited)
            For the Quarters Ended March 31, 2003 and March 31, 2002


                                                       31-Mar-03     31-Mar-02
                                                       ----------     ----------

Revenues:
Gross realizes trading gains (losses)                 $ ( 61,006)     $(  6,076)
Change in open trade equity gain (loss)                    7,625       ( 22,714)
                                                      -----------     ----------
Total gain (loss) from trading                          ( 53,381)      ( 28,790)

Less cost of revenues:
Incentive fees                                        $      -0-      $     -0-
FCM & CPO Trail Commission expense                        36,769         48,014
                                                      -----------     ----------
Gross margin (deficit) on trading activities            ( 90,150)      ( 76,804)

Administration expenses:

Net asset fees                                            12,679         16,498
Operating expenses                                         2,785          4,782
                                                      -----------     ----------
Total administrative expenses                             15,464         21,280

Income (loss) from operations                          ( 105,614)      ( 98,084)

Other income (expense):

Interest income                                            3,352          8,934
Currency conversion                                       (3,353)        (4,482)

Legal/Accounting Expense                                  (4,596)        (1,846)
                                                      -----------     ----------
Net income/loss before provision for income taxes      ( 110,211)     (  95,478)

Provision for income taxes                                   -0-            -0-
                                                      -----------     ----------

Net income (loss) available to members                $( 110,211)     $( 95,478)
                                                      ===========     ==========

Net income (loss) per unit                            $ (   4.81)     $ (  3.57)

Weighted average of units outstanding                     24,059         27,121



Please see the notes to these financial statements.


<PAGE>


                      Hanseatic Discretionary Pool, L.L.C.
                       Statement of Cash Flows (Unaudited)
            For the Quarters Ended March 31, 2003 and March 31, 2002

                                                     31-Mar-03     31-Mar-02
                                                    ------------   -----------
   Cash flows from (for) operating activities:

     Net income (loss) available to members           $(  110,211) $(   95,478)

     Changes in other operating assets
       and liabilities:

     Clearing Broker Deposits                          (  304,956)  (1,031,790)
     Interest Receivable                                      967        2,205

     Trail Commissions Payable                         (   10,036)  (   11,814)
     Operating Expense Payable                         (      724)  (      799)
     Net Asset Fees Payable                            (    3,934)  (    4,912)
     Incentive Fees Payable                                     0       89,537)
                                                      -----------   ----------
   Net cash used by operating activities               (  428,894)  (1,232,125)
   Cash flows from (for) financing activities:

     Subscriptions                                         95,200       79,138
     Subscriptions Pending                                      0            0
     Redemptions                                       (  302,756)  (1,012,320)
                                                     ------------  -----------

   Net cash provided (used) by financing activities    (  207,556)  (  931,182)
                                                     ------------  -----------

   Net change in cash position                         (  137,683)  (  147,998)
   Cash balance at beginning of the period                196,596      147,055
                                                     ------------  -----------

   Cash balance at end of the period                       99,852       96,233
                                                     ============  ===========

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


Please see the notes to these financial statements


<PAGE>



                      Hanseatic Discretionary Pool, L.L.C.
               Statement of Changes in Members' Equity (Unaudited)
                      From January 1, 2003 to March 31,2003

                                           Members'      Units       Net Asset
                                            Equity     Outstanding    per unit
                                         -----------   -----------    --------
Net asset value at December 31,2003       $2,606,725        25,003     $104.26

   Subscriptions                              95,200           913

   Redemptions                            (  302,756)     (  3,004)

   Net income                             (  110,211)
                                         -----------   -----------    --------

Net asset value at March 31,2003          $2,288,958        22,912     $ 99.90
                                         ===========       =======    ========









Please see the notes to these financial statements




<PAGE>


Hanseatic Discretionary Pool, L.L.C.
Unaudited Notes to the Financial Statements
For the Period Ended June 30, 2002


Note 1.  Organization and Summary of Significant Accounting Policies

The  Hanseatic  Discretionary  Pool,  LLC (the  "Fund")  is a limited  liability
company  organized under the laws of the state of New York in September 1998. In
July 2000, the state of organization of the Pool was moved to Oklahoma. 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  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
effectat the opening of the  speculative  transaction in a foreign  currency and
the repatriation of funds to U.S. dollars.

<PAGE>
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 March 31, 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.



<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 March 31,
2003.

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.
<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 trading
activities of the Fund.  The amounts  discussed have been rounded to the nearest
thousandth.

Results of Operations

For the three months January 1, 2003 to March 31, 2003

Trading Revenues  Realized By The Fund: During the first second quarter of 2003,
the Fund's gross trading revenues were a loss of $110,211  compared to a loss of
$ 95,478 for the first  quarter of 2002.  The losses in both  quarters came as a
result of more difficult market conditions during the time periods.
         At times,  market conditions are more favorable for Hanseatic's trading
models than at other times.  When market  conditions  are more  favorable,  more
profitable  results are achieved.  During both the first quarter of 2003 and the
first quarter of 2002,  market conditions were less favorable (as they relate to
Hanseatic's trading models). Thus the Fund realized trading losses.
         The primary  factor that  influences the  profitability  of Hanseatic's
trading models is the degree of choppiness, volatility and continuity in the way
the markets trade.  When markets are less choppy and volatile and price movement
is  more  continuous,   Hanseatic's   trading  models  typically   perform  more
profitably.  Conversely,  more  choppiness and  volatility  and less  continuous
market activity is less favorable for the  profitability of Hanseatic's  trading
models.


Net Asset  Fees Paid By The Fund:  During  the first  quarters  of both 2003 and
2002, the Fund's  Commodity  Trading  Advisor charged a monthly net asset fee of
..16667% of the Fund's net asset value for the  administration of trading for the
Fund.

During the first quarter of 2003, these fees totaled  $12,679.  During the first
quarter of 2002, these fees totaled $16,498.

         The reason for the decrease in the net asset fees during from the first
quarter of 2002 to the first  quarter of 2003 was the  decrease in the net asset
value of the fund that occurred


<PAGE>

in the year  separating  the two  periods.  In general,  the lower the total net
asset value of the fund, the lower the net asset fees will be.

Interest  Income Earned By The Fund:  From the inception of the Fund until March
31, 2001, the Fund's manager was paid all of the interest  income earned on Fund
assets.  The manager received this fee as compensation for its administration of
the Fund's affairs and as  reimbursement  for the manager's  payment of all Fund
operating expenses (such as rent, phones,  postage, legal and professional fees,
etc).

Commencing in April, 2001,  interest income earned on Fund assets have inured to
the benefit of the Fund.  Interest income for the second quarter of 2002 totaled
$6,469.  Interest income for the first quarter of 2003 totaled 3,352 as compared
to interest income of $8,934 during the first quarter of 2002.

There was a decrease  in the amount of  interest  income  earned  from the first
quarter of 2002 to the first quarter of 2003.  The decrease is attributed to: 1)
the decrease in the Fund's net asset value that occurred in the year  separating
the two periods.  In general,  the lower the Fund's net asset  value,  the fewer
assets that were available to earn interest.,  and 2) A significant  decrease in
interest rates.

Overall  Performance  Results:  Income from  operations  in the first quarter of
2003, after deducting net asset fees, commissions, and incentive fees was a loss
of $110,211. That compares with a loss of $95,478 for the first quarter of 2002.

The Net Loss  available  to members  from  operations  for the first  quarter of
2003was a loss of  $110,211.  That  compares  to a net loss from  operations  of
$95,478 for the first quarter of 2002.

After adding  gains  recognized  on  converting  funds used to margin  contracts
traded in foreign currency back to U.S. base currency and legal/accounting fees,
the Fund  experienced  net loss in first quarter of 2003 of $110,211 as compared
to a net loss of $95,478 for the first quarter of 2002.

On a per unit basis,  the Fund lost $4.81 per unit in the first  quarter of 2003
(with  22,912.1531085324  units  outstanding at March 31, 2003) as compared to a
loss of 3.57 per unit in first  quarter  of 2002  (with  26,773.290164111  units
outstanding at March 31, 2002).

Overall, the loss from operations  experienced in both the first quarter of 2003
and the first  quarter of 2002 is largely  attributable  to the  trading  losses
realized by the Fund during these periods.

Discussion of Financial Condition: Liquidity and Capital Resources

At March 31, 2003 total member equity was  $2,361,152  compared to $2,949,326 at
March 31, 2002, a decrease of 19.94%. The decrease in total member equity can be
attributed to two factors:

1.       The net of amount of redemptions  exceeded the amount of  subscriptions
         during the year between the two  quarters.  As of March 31,  2002,  the
         Fund had 26,773.290164111 units outstanding.  As of March 31, 2003, the
         number of units outstanding had dropped to 22,912.1531085324.  The drop
         in outstanding units was entirely the result of a significant  increase
         in the amount of member  redemptions.  While there were some new member
         subscriptions  during the 12 month period (a total of 4,146.36737460038
         new units were  purchased  for a total of $434,265 in new  subscription
         revenue), the total


<PAGE>


         redemptions for the 12 month period (a total of 6,932.919825595090 were
         redeemed  for a  total  net  redemption  outflow  of  $817,657  greatly
         exceeded the new subscriptions.

         The  situation  encountered  by the Fund  during  the 12 month  period,
         namely an increase in  redemptions  as compared to  subscriptions,  can
         occur  in any  commodity  pool  when the fund  encounters  a period  of
         negative performance. Such was the case during the 12 month period when
         our fund encountered a period of negative  performance.  Although every
         effort is made to educate members  regarding the long-term nature of an
         investment in the Fund, it is not unusual for members to become anxious
         during  periods of negative  performance.  This anxiety  often leads to
         member  redemptions,  as it did during the time between  March 31, 2002
         and March 31, 2003.

2.       The fund sustained  losses from trading and operations  during the year
         between the two  quarters.  From April 1, 2001 to March 31,  2003,  the
         Fund experienced  total losses from trading and operations of $195,169.
         This  loss,  combined  with  the net  redemptions  during  the  period,
         accounted for the reduction in the Fund's net asset value.

The cash balance at March 31, 2003 was $99,852,  compared  with $96,233 at March
31, 2002. The Fund withdrew  approximately $304,956 from the clearing FCM during
the first quarter of 2003.

                            PART II-OTHER INFORMATION

Item 1.        Legal Proceedings.

               None

Item 2.        Changes in Securities

               None

Item 3.        Defaults Upon Senior Securities

               Not applicable.

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.


<PAGE>


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
                        Hanseatic Discretionary Pool, L.L.C.*
            10(ii)      Amended Advisory Agreement*

*  Heretofore  filed 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   March  31,  2003  of  the  Hanseatic  Discretionary  Pool,  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;

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;


<PAGE>
         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:    April 30, 2003


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


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

In connection with the pool's  unaudited  financial  statements for the quarters
ended March 31, 2003 and March 31, 2002 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 Hanseatic  Discretionary
Pool, 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.


<PAGE>



April 30, 2003



                           /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 April 30,
2003.

                                    HANSEATIC DISCRETIONARY POOL, 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              April 30, 2003
----------------------    of the Managing Member
Simcha Bluth


/s/ Randall L. Shell      Chief Operating Officer,         April 30, 2003
----------------------    Chief Financial and
Randall L. Shell          Accounting Officer,
                          Director of the Managing
                          Member