June15, 2005

John W. Henry & Company, Inc.301 Yamato Road, Suite 2200 Boca Raton, Fl. 33431-4931

Attn: Mr. Ken Webster

Re:    Management Agreement Renewals

Dear Mr. Webster:

We are writing with respectto your management agreements concerning the commodity pools to whichreference is made below (the "ManagementAgreements"). We are extending the term of the ManagementAgreements through June 30, 2006 and all other provisions of theManagement Agreements will remainunchanged.

|  |              |                               |
|--|--------------|-------------------------------|
|  | •  | Shearson Mid-WestFutures Fund |

|  |              |                                                 |
|--|--------------|-------------------------------------------------|
|  | •  | Shearson LehmanSelect Advisors Futures FundL.P. |

|  |              |                                           |
|--|--------------|-------------------------------------------|
|  | •  | Smith Barney Mid-WestFutures Fund L.P. II |

|  |              |                                        |
|--|--------------|----------------------------------------|
|  | •  | SmithBarney Westport Futures Fund L.P. |

|  |              |                                                 |
|--|--------------|-------------------------------------------------|
|  | •  | Hutton Investors Futures Fund,L.P. II (HIFF II) |

|  |              |            |
|--|--------------|------------|
|  | •  | AURORA2001 |

|  |              |           |
|--|--------------|-----------|
|  | •  | AURORAIII |

|  |              |                                                       |
|--|--------------|-------------------------------------------------------|
|  | •  | Salomon Smith BarneyDiversified 2000 Futures FundL.P. |

|  |              |          |
|--|--------------|----------|
|  | •  | Alera100 |

|  |              |                                         |
|--|--------------|-----------------------------------------|
|  | •  | JWH Strategic AllocationMaster Fund LLC |

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June15, 2005

|  |              |                                   |
|--|--------------|-----------------------------------|
|  | •  | CitigroupDiversified Futures Fund |

Please acknowledge receipt of thismodification by signing one copy of this letter and returning it to theattention of Mr. Daniel McAuliffe at the address above or fax to212-793-1986. If you have any questions I can be reached at212-559-5043.

Very truly yours,

CITIGROUP MANAGED FUTURESLLC

|                                         |  |                                                                                           |  |  |  |  |
|-----------------------------------------|--|-------------------------------------------------------------------------------------------|--|--|--|--|
| By:                                     |  | /s/Daniel R. McAuliffe, Jr.Daniel R. McAuliffe, Jr. ChiefFinancial Officer & Director |
| JOHN W. HENRY & COMPANY, INC.       |
| By:                                     |  | /s/ Ken Webster                                                                           |
| Print Name:   KenWebster |
|                                         |

DRMcA/sr

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