SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C.  20549

                                   FORM 10-K

                 Annual Report Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

                 For the Fiscal Year Ended:  December 31, 2000

                        Commission File Number:  0-22640

                       The Global Opportunity Fund L. P.
             (Exact name of registrant as specified in its charter)

                Illinois                               36-3824101
     (State or other jurisdiction of                (I.R.S. Employer
     incorporation or organization)                Identification No.)

                 c/o Rosenthal Collins Futures Management, Inc.
                         216 W. Jackson Blvd. Suite 300
                               Chicago, IL  60606
                    (Address of principal executive offices)



Registrant's telephone number, including area code:  (312) 460-9200

Indicate by check mark whether the registrant (1) filed all reports required to
be file 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 ___

The registrant is a limited partnership and, accordingly, has no voting stock
held by non-affiliates or otherwise.

The prospectus included in the partnership's registration statement, Form S-18,
No. 0-22640 is incorporated by reference into Part IV of this Form 10-K.









                               Page 1 of 10 pages
           An Index to Exhibits required by Item 14 is found at page 9





                                     PART I

ITEM 1.  Business

     (a) General Development of Business

     The Global Opportunity Fund, L.P. (the "Partnership") is a limited
partnership organized in April 1992, pursuant to a Limited Partnership
Agreement and under the Uniform Limited Partnership Act of the State of
Delaware and funded through an offering of limited partnership units.  The
Partnership commenced trading on September 15, 1993.  The Partnership conducts
speculative trading of commodity interests.

       The Global Opportunity Fund Limited Partnership will terminate on
December 31, 2022, unless dissolved earlier pursuant to conditions of the
Limited Partnership agreement.


Rosenthal Collins Futures Management, Inc., a Delaware corporation wholly
owned by Rosenthal Collins Group LLC., is the General Partner of the
Partnership.  In April of 1999 Rosenthal Collins Group, an Illinois Limited
Partnership, ("the broker"), was enlisted to act as the commodity clearing firm
for the Partnership and it performs various administrative services for the
fund.  Services performed for the Partnership by the commodity broker or the
General Partner under the terms of the Customer and the Limited Partnership
Agreements, include the following:

     1.  Executes all trades on behalf of the Partnership based on instructions
of the Partnership's Trading Manager.


2.
  Maintains the Partnership books and records, which limited partners or their
duly authorized representatives may inspect during normal business hours for
any proper purpose upon reasonable written notice to the General Partner.


3.  Furnishes each limited partner with a monthly statement describing the
performance of the Partnership, which sets forth aggregate management fees,
incentive fees, brokerage commissions and other expenses incurred or accrued by
the Partnership during the month.


4.  Forwards annual certified financial statements (including a balance sheet
and a statement of income and expenses) to each limited partner.


5.  Provides to each limited partner tax information necessary for the
preparation of his annual federal income tax return and such other information
as the CFTC may by regulation require.


6.  Performs secretarial and other clerical responsibilities and furnishes
office space, equipment and supplies as may be necessary for supervising the
affairs of the Partnership.


7.  Administers the redemption of Units.



Under the terms of the Customer Agreement, the Partnership pays brokerage
commissions to the commodity broker of $10 per round turn per contract for
futures contracts.



The Partnership pays the General Partner, Rosenthal Collins Futures
Management, Inc., an annual brokerage fee equal to an annual rate of seven and




one half percent of the average month-end net assets as a whole, as defined,
during the year.


The Trading Manager responsible for selecting commodity transactions during
2000 was Crossbow Capital Management and Willowbridge.  On July 26, 2000 after
significant losses the contract with Willowbridge was terminated and replaced
with Crossbow Capital Management.  Campbell and Co., Willowbridge, Telesis, and
Timetech were trading advisors for the Partnership in past years.  The Trading
Manager is not affiliated with Rosenthal Collins Futures Management or with
Rosenthal Collins Group.  For their services, the Trading Manager received a
management fee equal to an annual two percent of the month end net assets,
after commissions and charges, based on the portion of Fund equity allocated to
the Trading Manager.  The Fund pays a quarterly incentive fee based on new
appreciation on Partnership assets, which includes the Partnership's interest
income.  Such quarterly incentive fee equals 25% of trading profits attributed
the Trading Manager.  If the fund should incur net losses subsequent to any
such payment to the Trading Manager, the Trading Manager shall be entitled to
retain amounts previously paid by the Fund; In 2000 $8,552 in incentive fees
were paid to Crossbow Capital Management.

Regulation



Under the Commodity Exchange Act, as amended (the "Act"), commodity exchanges
and futures and options trading are subject to regulation by the Commodity
Futures Trading Commission (the "CFTC").  The Act requires "Commodity Pool
Operators," such as the General Partner and "Commodity Trading Advisors," such
as the Trading Managers, to be registered and to comply with various reporting
and record keeping requirements.  The CFTC may suspend a Commodity Pool
Operator's or Trading Advisor's registration if it finds that its trading
practices tend to disrupt orderly market conditions or in certain other
situations.


In the event that the registration of the General Partner as a Commodity Pool
Operator or any Trading Manager's registration as a Commodity Trading Advisor
were terminated or suspended, the General Partner and the Trading Manager,
respectively, would be unable to continue to manage the business of the
Partnership.  Should the General Partners' registration be suspended,
termination of the Partnership might result.  The Act also requires the
commodity Broker to be registered as a "Futures Commission Merchant."


In addition to such registration requirements, the CFTC and certain commodity
exchanges have established limits on the maximum net long or net short position
which any person may hold or control in particular commodities.  The CFTC has
adopted a rule requiring all domestic commodity exchanges to submit for
approval speculative position limits for all futures contracts traded on such
exchanges.  Most exchanges also limit the changes in commodity futures contract
prices that may occur during a single trading day.


The partnership may trade on foreign commodity exchanges which are not subject
to regulation by any United States government agency.

(b)  Financial Information About Industry Segments


The Partnership operates in one business segment, speculative trading of
commodity futures contracts.  The Partnership does not engage in sales of goods
or services.


(c)  Narrative Description of Business






See Items 1 (a) and (b) above.

(i) through (xii) - not applicable

(xiii) - the Partnership has no employees


(d)  Financial information about foreign and domestic operations and export
sales


The Partnership does not engage in sales of goods or services.  See "Paragraph
1(b) Financial information about industry segments.




PART II



Item 2.  Properties


The Partnership does not own any properties.

Item 3.  Legal Proceedings


The General Partner is not aware of any pending legal proceedings to which the
Partnership or the General Partner is a party.

Item 4.  Submission of Matters to a Vote of Security Holders.


None.

Item 5.  Market for Registrant's Common Equity and Related Stockholders Matters


(a)  Market Information


There is no trading market for the Units, and none is likely to develop.
Units are transferable only after written notice has been given to the General
Partner.


Units may be redeemed upon fifteen days notice at their Net Asset Value (as
defined in the Limited Partnership Agreement) as of the end of any calendar
quarter, less any early redemption penalty as provided in the Limited
Partnership Agreement.


(b)  Holders


As of December 31, 2000, there were 50 holders of the Limited Partner Units.
5,301 units were outstanding on this date, including 537 units of General
Partnership interest.


(c)  Dividends


There were no dividends or distributions made in respect of the Units and any
future distributions will only be made at the discretion of the General
Partner.

Item 6.  Selected Financial Data


The following page contains a summary of selected consolidated financial data
for the Partnership for the fiscal years ended December 31, 2000, 1999, 1998,
1997 and 1996.







                            2000      1999       1998      1997       1996
 Income:


 Trading profit (loss)
   Realized                $(124,190)
                                     $  61,284
                                                $ 263,363
                                                          $ 199,213
                                                                     $ 567,853
   Change in Unrealized          636
                                         8,472
                                                  (53,196)
                                                             48,261
                                                                      410,296)
   Foreign currency gain
  (loss)                      (5,797)
                                        (2,631)
                                                   (8,145)
                                                             (8,271)
                                                                       (2,210)
                           ---------------------------------------------------
   Total trading P/L &
    foreign currency       $(129,351)
                                     $  67,125
                                                $ 202,022
                                                          $ 239,203
                                                                     $ 155,347


 Interest Income              30,970
                                        39,516
                                                   58,794
                                                             78,133
                                                                        80,090
                           ---------------------------------------------------






   Total Income            $ (98,381)
                                     $ 106,641
                                                $ 260,817
                                                          $ 317,336
                                                                     $ 235,437


 Expenses:
   Brokerage commissions      40,298
                                        65,702
                                                   89,057
                                                            136,558
                                                                       171,730
   Management Fees             6,076
                                        12,576
                                                   17,083
                                                             36,255
                                                                        58,757
   Incentive fees              8,552
                                        13,893
                                                   11,890
                                                             68,959
                                                                        45,273
   Administrative expenses    48,000
                                        67,000
                                                   72,000
                                                             80,037
                                                                        68,030
                           ---------------------------------------------------
   Total Expenses          $ 102,926
                                     $ 159,171
                                                $ 190,030
                                                          $ 321,809
                                                                     $ 343,790
                           ---------------------------------------------------
 Net Income (Loss)         $(201,307)
                                     $ (52,530)
                                                $  70,786
                                                          $  (4,473)$(108,353)
                           ===================================================
 Total Assets              $ 491,864
                                     $ 765,727
                                                $ 975,077
                                                          $1,554,642$2,122,244
                           ===================================================
 Total Liabilities         $  51,463
                                     $  26,422
                                                $  34,843
                                                          $  49,916
                                                                     $  87,746


 Partners' Capital
   Limited Partners
   Units                       4,764
                                         5,765
                                                    6,927
                                                             12,485
                                                                        17,363
   Value                   $ 394,918
                                     $ 675,075
                                                $ 871,265
                                                          $1,441,460$1,970,331


   General Partner (537
   Units)                     45,483
                                        64,230
                                                   68,969
                                                              63,266    64,167
                           ---------------------------------------------------
 Total Partners' Capital   $ 440,401
                                     $ 739,303
                                                $940,234  $1,504,726$2,034,498
                           ===================================================
 Total Liabilities &
  Partners' Capital        $ 491,864
                                     $ 765,727
                                                $975,077  $1,554,642$2,122,244


 Net Asset Value per Unit
 - Limited Partners        $   82.90
                                     $  117.10
                                                $ 125.78  $  115.46
                                                                     $  117.10
 Net Asset Value per Unit
 - General Partner         $   84.70
                                     $  119.61
                                                $ 128.43  $  117.81
                                                                     $  119.49


 Net Income(Loss) per
 Limited Partner Unit      $  (34.20)
                                     $   (8.29)
                                                $  10.32  $   (1.64)
                                                                     $   29.13
 Net Income(Loss) per
 General Partner Unit      $  (34.91)
                                     $   (8.82)
                                                $  10.62  $   (1.68)
                                                                     $   29.70






Item 7.  Management's Discussion and Analysis of Financial Condition and
Results of Operation

Liquidity


Reference is made to "Item 6.  Selected Financial Data" and "Item 8.
Financial Statements and Supplementary Data."  The information contained
therein is essential to, and should be read in conjunction with the following
analysis.


Most United States commodity exchanges limit fluctuations in commodity futures
and options contract prices during a single day by regulations referred to as
"daily price fluctuation limits "or" daily limits."  During a single trading
day, no trades may be executed at prices beyond the daily limit.  Once the
price of a futures contract has reached the daily limit for that day, positions
in that contract can neither be taken nor liquidated.


Commodity futures and options prices have occasionally moved the daily limit
for several consecutive days with little or no trading.  Similar occurrences
could prevent the Partnership from promptly liquidating unfavorable positions
and subject the Partnership to substantial losses which could exceed the margin
initially committed to such trades.  In addition, even if commodity futures and
option prices have not moved the daily limit, the Partnership may not be able
to execute futures trades at favorable prices if little trading in such
contracts is taking place.  Other than these limitations on liquidity, which
are inherent in the Partnership's commodity futures and options trading
operations, the Partnership's assets are highly liquid and are expected to
remain so.

Capital Resources


The Partnership does not intend to raise any additional capital through
borrowing.  Due to the nature of the Partnership's business, it will make no
significant capital expenditures, and substantially all its assets are and will
be represented by cash, deposits with futures commission merchants and
commodity futures investments.  Inflation is not a direct factor in the
Partnership's profitability although it can influence the attitudes of current
investors or potential investors.

Market and Credit Risk


The Partnership engages in the speculative trading of U.S. and foreign futures
contracts, options on U.S. and foreign future contracts, and forward contracts
(collectively, derivatives).  These derivatives include both financial and
nonfinancial contracts held as part of a diversified trading strategy.  The
Partnership is exposed to both market risk, the risk arising from changes in
the market value of the contracts; and credit risk, the risk of failure by
another party to perform according to the terms of a contract.

For derivatives, risks arise from changes in the market value of the contracts.
Theoretically, the Partnership is exposed to a market risk equal to the value
of futures and forward contracts purchased an unlimited liability on such
contracts sold short.  As both a buyer and seller of options, the Partnership
pays or receives a premium at the outset and then bears the risk of unfavorable
changes in the price of the contract underlying the option.  Written options




expose the Partnership to potentially unlimited liability; for purchased
options, the risk of loss is limited to the premiums paid.

It is believed that credit risk is minimal as no borrowing has been conducted
in the name of the Partnership.  Between Twenty-five and Thirty percent of
assets are used for speculative purposes on exchange traded futures contracts.
 The commodity trading advisor engaged by the partnership typically utilizes
between 15% to 20% leverage as part of risk management in its trading strategy.

The General Partner has established procedures to actively monitor and minimize
market and credit risks.  The General Partner reviews the trading advisor's
market activity on a daily basis and is appraised of general futures market
activity on an ongoing basis.  The Limited Partners bear the risk of loss only
to the extent of the market value of their respective investments and, in
certain specific circumstances, distributions and redemptions received.

Results of Operations


Trading operations posted a loss of $129,351 for the year ended December 31,
2000 as compared to a net gain of $67,125 in 1999 and a net gain of $202,022 in
1998.  The majority of profits were made in long positions in stock market
indices as well as long positions in the energy complex.



Fund units may be redeemed on a monthly basis.  During the fiscal year ending
December 31, 2000, 1,001 units with a total value of $97,597 were redeemed.
During fiscal year 1999 redeemed units equaled 1,162 with a value of $148,399.
 There were 6,095 units redeemed in 1998 for a total of $635,279.

Item 8.  Financial Statements and Supplementary Data


Financial statements meeting the requirements of Regulation S-X are listed on
page F-1 of this report.


The supplementary financial information, specified by Item 302 of Regulation
S-K, is not applicable.

Item 9.  Disagreements on Accounting and Financial Disclosure


None.



PART III

Item 10.  Directors and Executive Officers of the Registrant


The Partnership has no directors or executive officers.  The Partnership is
managed by its General Partner.  Trading decisions for the Partnership are made
by the Trading Manager.  The General Partner is Rosenthal Collins Futures
Management, Inc., which is owned by Rosenthal Collins Group, LLC.  The address
of the General Partner is 216 W. Jackson  Blvd.  Suite 300, Chicago,  Illinois
 60606.

Item 11.  Executive Compensation


The Partnership has no directors or  officers.  The Fund is managed by the
General Partner as described in "Item 1.  Business" herein.






During the past year, two trading advisor acted as the Partnership's Trading
Manager, pursuant to the Management Contracts described in "Item 1.  Business."
 For the year ended December 31, 2000. Willowbridge was paid $6,076 in
management fees and Crossbow Capital was paid $8,552 in incentive fees.  For
the year ended December 31, 2000 Rosenthal Collins Futures Management, Inc. has
been paid $31,837 in brokerage fees, and Rosenthal Collins Group has been paid
$8,461 in brokerage clearing commission.

Item 12.  Security Ownership of Certain Beneficial Owners and Management


(a)  Security Ownership of Certain Beneficial Owners


None of the two trading Managers owned units in the Partnership during 2000.
On December 31, 2000 Rosenthal Collins Futures Management, Inc., the General
Partner owned 10.33% of the Fund while Limited Partners Donald Christensen
owned 9.07%, Roland Groome owned 9.07% and Kayser & Company owned 5.44%.


(b)  Security Ownership of Management


Under the terms of the Limited Partnership agreement, the Partnership's
affairs are managed by the General Partner and the Trading Manager has
discretionary authority over the Partnership's commodity investments.  As of
December 31, 2000 the General Partner's interest in the Partnership was worth
$45,483.


(c) Changes in Control


The Fund's General Partner is Rosenthal Collins Futures Management, Inc., a
Delaware corporation.  The General Partner was a wholly-owned subsidiary of
Rodman & Renshaw Capital Group, Inc. until April 24, 1999 when it was sold to
Rosenthal Collins Group, L.P., an Illinois Limited Partnership.  Rosenthal
Collins Group, L.P. is a registered Futures Commission Merchant and has served
as the clearing broker for The Global Opportunity Fund, L.P. since April 24,
1999.  Prior to that date, Rand Financial Services was the clearing broker for
the Fund.  In March of 2000, Rodman & Renshaw Futures Management Inc. changed
its business name to Rosenthal Collins Futures Management, Inc.




J. Robert Collins is a General Partner of Rosenthal Collins Group and is the
President of Rosenthal Collins Futures Management, Inc., the General Partner of
The Global Opportunity Fund, L.P.


During 2000, Willowbridge was the Trading Manager from January 1 thru July
26.On August 1, Crossbow Capital Management became Trading Manager.  The
Trading Managers does not have any affiliations with the General Partner,
Rosenthal Collins Futures Management, or with Rosenthal Collins Group.



Item 13.  Certain Relationships and Related Transactions



Refer to Item 12, section (c)


The General Partner, Rosenthal Collins Futures Management, Inc., is a
Corporation wholly owned by Rosenthal Collins Group.


All charges are described in Item 1. Business, and amounts paid are described
in Item 11. Executive Compensation.









PART IV

Item 14.  Exhibits, Financial Statement Schedules and Reports on Form 8-K


(a)  (1)  Financial Statements


     See Index to Financial Statements on page F-1.


(a)  (2)  Financial Statements Schedules



 Schedules are omitted for the reason that they are not required or are not
applicable or that equivalent information has been included in the financial
statements or the notes thereto.


(a)  (3)  Exhibits



 (3)  Articles of Incorporation and By-laws



a.  Limited Partnership Agreement (attached to the Prospectus as Exhibit B)



b.  Subscription Requirements (attached to the Prospectus as Exhibit B)



c.  Power of Attorney (attached to the Prospectus as Exhibit B)



d.  Request for Redemption (attached to the Prospectus as Exhibit D)


     (10)  Material Contracts



a.  Brokerage Agreement between the Partnership and Rosenthal Collins Group,
LLC.

Advisory contract between Registrant and Campbell and Co.

Advisory contract between Registrant and Willowbridge.

Advisory contract between Registrant and Telesis.

Advisory contract between Registrant and Timetech.

Advisory contract between Registrant and Crossbow.


(b)  Reports on Form 8-K














                                INDEX OF EXHIBITS


               (The following exhibits have been previously filed)

Exhibit
Number




        Description


3.1   Limited Partnership Agreement (attached to the Prospectus as Exhibit A).

3.2   Subscription Requirements (attached to the Prospectus as Exhibit B).

3.3   Power of Attorney (attached to the Prospectus as Exhibit C).

3.4   Request for Redemption (attached to the Prospectus as Exhibit D).

10.01 Customer Agreement between Registrant and Rosenthal Collins Group



10.02 Advisory contract between Registrant and Campbell and Co.

10.03
      Advisory contract between Registrant and Willowbridge.

10.04
      Advisory contract between Registrant and Telesis.

10.05 Advisory contract between Registrant and Timetech.
















                                   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, in the City of
Chicago and State of Illinois on the         day of              , 2000.


THE GLOBAL OPPORTUNITY FUND, L.P.      STATE OF ILLINOIS
                                         COUNTY OF COOK
By ROSENTHAL COLLINS FUTURES MANAGEMENT, INC.

                                         SUBSCRIBED and SWORN to before me

                                          this           day of 2000


             By J. Robert Collins
                       President






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 General
Partner of the Registrant in the capacities and on the date indicated.


By ROSENTHAL COLLINS FUTURES MANAGEMENT, INC. STATE OF ILLINOIS
 General Partner of the Registrant            COUNTY OF COOK

                                              SUBSCRIBED and SWORN to before
                                              me this     day of  ____    2000



            By J. Robert Collins
                    President








(the above signatories being the principal executive officer of Rosenthal
Collins Futures Management, Inc.)








                       The Global Opportunity Fund, L.P.
                       (An Illinois Limited Partnership)

                         INDEX TO FINANCIAL STATEMENTS





            Pages

Report of Independent Accountants                                       F-2

Financial Statements:
  Statements of Financial Condition,                                    F-3
     December 31, 2000 and 1999

  Statements of Operations for                                          F-4
     the years ended December 31, 2000, 1999, and 1998

  Statements of Changes in Partners' Capital for                        F-5
     the years ended December 31, 2000, 1999, and 1998

  Notes to Financial Statements                                     F-6/F-8



Schedules are omitted because they are inapplicable or equivalent information
has been included elsewhere herein.







                          INDEPENDENT AUDITOR'S REPORT


To the Partners
The Global Opportunity Fund, L.P.
Chicago, Illinois

We have audited the accompanying statements of financial condition of the
Global Opportunity Fund, L.P. as of December 31, 2000 and 1999, and the related
statements of operations and changes in partners' capital for each of the three
years ended December 31, 2000, 1999 and 1998.  These financial statements are
the responsibility of the Partnership's management.  Our responsibility is to
express an opinion on these financial statements based on our audits.

Except as discussed in the following paragraph, we conducted our audits in
accordance with generally accepted auditing standards.  Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement.  An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements.  An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation.  We believe that our
audits provide a reasonable basis for our opinion.

Both current and former management have refused to provide written
representations as to their responsibility for the fair presentation of the
financial statements and other matters which could materially affect the
amounts and classification of items included in the statements of operations
and changes in partners' capital for the year ended December 31, 1997.  Such
representations are required under generally accepted auditing standards.
Since the current and former management of the Global Opportunity Fund have
refused to provide written representations, the scope of our work was not
sufficient to enable us to express, and we do not express, an opinion on the
financial statements for the year ended December 31, 1997.

In our opinion, the 2000 and 1999 financial statements referred to above
represent fairly, in all material respects, the financial position of the
Global Opportunity Fund, L.P. as of December 31, 2000 and 1999, and the results
of its operations and changes in its net assets for each of the two years ended
December 31, 2000 and 1999 in conformity with generally accepted accounting
principles.

Chicago, Illinois
January 12, 2001




THE GLOBAL OPPORTUNITY FUND, L.P.
(A Delaware Limited Partnership)

STATEMENTS OF FINANCIAL CONDITION
December 31, 2000 and 1999

                                                         2000      1999
ASSETS

Equity in broker trading accounts:
  Cash                                                    $473,103   $156,952
  U.S. Government securities, at market value,
  cost 1999 $578,494                                          -       592,151
  Unrealized gain on open contracts                         17,228     16,592
                                                          -------------------
       Deposit with broker                                 490,331    765,695

Interest receivable                                          1,533         32
                                                          -------------------
                                                          $491,864   $765,727
                                                          =================

LIABILITIES AND PARTNERS' CAPITAL

Liabilities
  Accrued administrative expenses                         $ 22,605   $ 19,166
  Accrued brokerage commissions and fees                     2,565      4,012
  Accrued management fees                                       -       3,244
  Accrued incentive fees                                     8,552         -
                                                          -------------------
    Total liabilities                                       33,722     26,422
                                                          -------------------
Partners' Capital
  Limited Partners (units outstanding: 2000 - 4,764,
  1999 - 5,765)                                             412,659
                                                                      675,075
  General Partner (units outstanding: 2000 and 1999 - 537)
                                                             45,483
                                                                       64,230
                                                          -------------------
                                                            458,142
                                                                      739,305
                                                          -------------------
                                                          $ 491,864
                                                                     $765,727
                                                          ===================


The accompanying notes are an integral part of these financial statements.






THE GLOBAL OPPORTUNITY FUND, L.P.
(A Delaware Limited Partnership)

STATEMENTS OF OPERATIONS
Year Ended December 31, 2000, 1999 and 1998

                                                  2000      1999      1998

Income:

  Trading gain (loss):
    Realized                                   $(124,190)$ 61,284  $263,363
    Change in unrealized                             636    8,472   (53,196)
    Foreign currency(loss)                        (5,797)   (2,631)  (8,145)
                                               ----------------------------
       Gain (loss) from trading                 (129,351)   67,125  202,022
Interest income                                   30,970    39,516   58,794
                                               ----------------------------
       Total income (loss)                       (98,381)  106,641  260,816
                                               ----------------------------
Expenses:
  Brokerage commissions                           40,298   65,702    89,057
  Management fees                                  6,076   12,576    17,083
  Incentive fees                                   8,552   13,893    11,890
  Administrative expenses                         48,000   67,000    72,000
                                               ----------------------------
       Total expenses                            102,926  159,171   190,030
                                               ----------------------------

       Net income (loss)                       $(201,307) $(52,530) $70,786
                                               =============================

Net income (loss) allocated to:
  Limited Partners                             $(182,560) $(47,791) $65,083
                                               ============================
  General Partner                              $ (18,747) $ (4,739) $ 5,703
                                               ============================

Net income (loss) per Limited
Partner unit outstanding throughout each year  $  (34.20) $  (8.29) $ 10.32
                                               ============================
Net income (loss) per General
Partner unit outstanding throughout each year  $  (34.91) $  (8.82) $ 10.62
                                               ============================



The accompanying notes are an integral part of these financial statements.





THE GLOBAL OPPORTUNITY FUND, L.P.
(A Delaware Limited Partnership)

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL
Years Ended December 31, 2000, 1999 and 1998

                                   Total
                                   Number     General    Limited
                                   of Units   Partner    Partners   Total

Balance, December 31, 1997           13,022   $  63,266  $1,441,460 $1,504,726

  Redemption of 5,558 units of
    Limited Partnership Interest     (5,558)         -     (635,278)
                                                                     (635,278)
  Net income                             -        5,703      65,083    70,786
                                   -------------------------------------------
Balance, December 31, 1998            7,464      68,969     871,265
                                                                      940,234

  Redemption of 1,162 units of
    Limited Partnership Interest     (1,162)         -     (148,399)
                                                                     (148,399)
  Net (loss)                             -       (4,739)    (47,791)
                                                                      (52,530)
                                   -------------------------------------------
Balance, December 31, 1999            6,302      64,230     675,075
                                                                     739,305

  Redemption of 1,001 units of
    Limited Partnership Interest      (1,001)
                                                     -      (97,597)
                                                                      (97,597)
  Net income                             -      (18,747)   (182,560)
                                                                     (201,307)
                                   -------------------------------------------
Balance, December 31, 2000         $  5,301   $  45,483  $  394,918 $ 440,401
                                   ===========================================





                                                         December 31,
                                                         2000       1999



Net asset value per unit, Limited Partners               $ 82.90    $117.10
                                                         ==================
Net asset value per unit, General Partner                $ 84.70    $119.61
                                                         ==================

The accompanying notes are an integral part of these financial statements.




THE GLOBAL OPPORTUNITY FUND, L.P.
(A Delaware Limited Partnership)

NOTES TO FINANCIAL STATEMENTS



Note 1.
       Organization of the Partnership and Significant Accounting Policies
General Description of the Partnership:  The Global Opportunity Fund, L.P. (the
Partnership) was organized under the Delaware Revised Uniform Limited
Partnership Act on April 15, 1992, to engage in the speculative trading of
commodity futures, forward contracts, and other commodity interests.  It is
subject to the regulations of the Commodity Futures Trading Commission (CFTC),
an agency of the U.S. Government that regulates most aspects of the commodity
futures industry, the rules of the National Futures Association (NFA), an
industry self-regulatory organization, and the requirements of commodity
exchanges where the Partnership executes transactions.  Additionally, the
Partnership is subject to the requirements of Futures Commission Merchants
(FCMs) through which the Partnership trades.

250,000 units of Limited Partnership interest were available during the initial
offering period.  The Partnership is closed and not presently selling
additional units.

The General Partner and each Limited Partner share in the profits and losses of
the partnership in proportion to their respective interest in the partnership.
A Limited Partner's loss is limited to the amount of his or her investment.

The Fund has elected not to provide statements of cash flows as permitted by
Statement of Financial Accounting Standards No. 102, Statements of Cash Flows -
Exemption of Certain Enterprises and Classification of Cash Flows from Certain
Securities Acquired for Resale.

Significant accounting policies are as follows:

Accounting estimates:  The preparation of financial statements in conformity
with generally accepted accounting principles requires management to make
estimates and assumptions in determining the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and reported amounts of revenues and expenses during
the reporting period.  Actual results could differ from those estimates.

Revenue recognition:  Futures contracts are recorded on trade date and gains or
losses are realized when contracts are liquidated.  Unrealized gains or losses
on open contracts (the difference between contract purchase price and market
price) at the date of the statement of financial condition are included in
equity in broker trading accounts.  Any change in net unrealized gain or loss
from the preceding period is reported in the statement of operations.  Market
value of futures contracts is based upon exchange settlement prices.

Translation gains and losses:  The Partnership trades in foreign-denominated
contracts.  The assets and liabilities related to these activities are
translated at the end-of-period exchange rates with the associated profits and
losses translated at monthly average exchange rates.  The resulting translation






gains and losses are immaterial and are recorded in unrealized trading profit
(loss).

Transaction fees and costs:  Transaction fees and costs are accrued at a flat
rate equal to 0.625 of 1% of the Partnership's month-end net assets (a 7.5%
annual rate).

Income taxes:  No provision for federal income taxes has been made in these
financial statements as each partner is individually responsible for reporting
income or loss based on their respective share of the Partnership's income and
expenses as reported for income tax purposes.  The Partnership is required to
pay an Illinois replacement tax of 1.5% of net income related to those limited
partners who are not otherwise subject to the tax.

Dissolution of Partnership:  The Partnership will terminate on December 31,
2022 or at an earlier date if certain conditions occur, including a decline in
aggregate net assets to less than $250,000, a decline in the net asset value
per unit as of the end of any month to less than $25, or under certain other
circumstances, as set forth in the Limited Partnership Agreement.

Right of setoff of certain amounts:  Pursuant to the Partnership's agreement
with its FCM, all balances placed on deposit with such broker, whether used for
trading purposes or not, are available to be used for margin purposes on any
exchange and for any contract in which the Partnership trades.  The Partnership
has similar agreements with a financial institution for its over-the-counter
forward contracts.  As a result, the financial statements only present the net
asset or liability relating to such trading activities.

Note 2.
       General Partner

For the fiscal year ended December 31, 1997, the General Partner had been
Rodman & Renshaw Futures Management, Inc.  Effective April 1998, the General
Partner became a wholly owned subsidiary of Rosenthal Collins Group, L.P.
(Rosenthal Collins).  In April 1999, the General Partner changed its name to
Rosenthal Collins Future Management, Inc.  The General Partner conducts and
manages the business of the Partnership and is required by the Limited
Partnership Agreement to maintain an investment in the Partnership of at least
1% of the outstanding units in the Partnership.  The Limited Partnership
Agreement also requires the General Partner to maintain a net worth (as defined
in the Limited Partnership Agreement) of not less than 10% of the total
contributions to the Partnership.

Note 3.
       Operating Expenses

Brokerage commissions payable to the respective FCM or General Partner include
other trading fees and are charged based on a percentage of partnership net
assets.  Also, the Partnership incurs ongoing legal, accounting and
administrative costs.

Note 4.
       Related Party Transactions

In 1997 and through April 1998, an unaffiliated FCM was the broker.  Effective
May 1998, Rosenthal Collins became the Partnership's FCM.







The Partnership pays the FCM (General Partner in 1998) 0.625 of 1% (a 7.5%
annual rate) of the Partnership's month-end assets for brokerage and other
services.  Furthermore, the Partnership pays all "give-up" fees, as defined.
For the years ended December 31, 2000, 1999 and 1998, brokerage commission
expenses totaled $40,298, $65,702 and $89,057, respectively.  As of December
31, 2000, brokerage commissions payable to the General Partner were $2,566.

Note 5.
       Commodity Trading Advisors

The Partnership has advisory agreements with various commodity trading advisors
(CTA's).  Each of the advisory agreements may be renewed at or prior to their
expiration at the option of the General Partner.  Each CTA, however, may
terminate its advisory agreement with the Partnership prior to the expiration
of its initial agreement upon 90 days' prior written notice.  The CTA's will
determine the commodity futures and forward trades to be made on behalf of the
Partnership, subject to certain trading policies and to certain rights reserved
to the General Partner.

The Trading Manager responsible for selecting commodity transactions during
2000 was Crossbow Capital Management and Willowbridge.  On July 26, 2000, after
significant losses, the contract with Willowbridge was terminated and replaced
with Crossbow Capital Management.

For their services, Willowbridge received a monthly management fee of 0.166 of
1% of month-end Net Assets (as defined) allocated to them (2% annual rate).

Quarterly incentive fees equal to 20% for Willowbridge and 25% for Crossbow
based on any new trading profit, as defined, generated by each CTA, considered
individually, are paid to the respective CTA.  Such payments are also made in
respect of units redeemed as of the interim months during a quarter, to the
extent of respective percentages of any such new trading profit attributable to
such units.

Note 6.
       Distributions and Redemptions

A Limited Partner may request and receive redemption of units owned as of the
close of business on the last business day of any calendar month with a minimum
of ten days written notice.

The General Partner does not presently intend to make regular distributions of
either profits or capital to Limited Partners, particularly in view of Limited
Partners' monthly redemption rights.  In the event that the Partnership
recognizes substantial profits, the General Partner may reconsider, but there
can be no assurance whatsoever that any distributions will be made.
Accordingly, the Limited Partners may incur current income tax liabilities in
excess of any distributions received by them from the Partnership.

Note 7.
       Deposits With Brokers

The Partnership deposits cash and U.S. Government securities with FCMs subject
to CFTC regulations and various exchange and broker requirements.  Margin
requirements are satisfied by the deposit of cash and securities with such
brokers.  The Partnership earns interest income on its cash deposited with the
brokers.  At December 31, 2000, $473,103 of Partnership assets were held in






segregation for the benefit of the Partnership in compliance with federal
regulations.

Note 8.
       Net Income (Loss) Per Unit

The net income (loss) per Limited Partnership unit outstanding throughout each
period is the difference between the net asset value per unit at the beginning
and end of the period.

Note 9.
       Trading Activities and Related Risks

The Partnership engages in the speculative trading of U.S. and foreign futures
contracts, options on U.S. and foreign futures contracts, and forward contracts
(collectively, derivatives).  Trading gains from derivatives for the years
ended December 31, 2000, 1999 and 1998, are reflected in the statement of
operations.  Such trading results reflect the net gain arising from the
Partnership's speculative trading of futures contracts, options on futures
contracts, and forward contracts.  These derivatives include both financial and
nonfinancial contracts held as part of a diversified trading strategy.  The
Partnership is exposed to both market risk, the risk arising from changes in
the market value of the contracts; and credit risk, the risk of failure by
another party to perform according to the terms of a contract.

The purchase and sale of futures and options on futures contracts requires
margin deposits with FCMs.  Additional deposits may be necessary for any loss
on contract value.  The Commodity Exchange Act (CEAct) requires an FCM to
segregate all customer transactions and assets from the FCM's proprietary
activities.  A customer's cash and other property (for example, U.S. Treasury
bills) deposited with an FCM are considered commingled with all other customer
funds subject to the FCM's segregation requirements.  In the event of an FCM's
insolvency, recovery may be limited to a pro rata share of segregated funds
available.  It is possible that the recovered amount could be less than the
total of cash and other property deposited.

For derivatives, risks arise from changes in the market value of the contracts.
 Theoretically, the Partnership is exposed to a market risk equal to the value
of futures and forward contracts purchased and unlimited liability on such
contracts sold short.  As both a buyer and seller of options, the Partnership
pays or receives a premium at the outset and then bears the risk of unfavorable
changes in the price of the contract underlying the option.  Written options
expose the Partnership to potentially unlimited liability; for purchased
options the risk of loss is limited to the premiums paid.

The General Partner has established procedures to actively monitor and minimize
market and credit risks.  The Limited Partners bear the risk of loss only to
the extent of the market value of their respective investments and, in certain
specific circumstances, distributions and redemptions received.

Note 10.
        Fair Value of Financial Instruments

The Partnership believes that the carrying value of its financial instruments
is a reasonable estimate of fair value.  Equity in commodity futures trading
accounts and the United States Treasury securities are recorded at market using
market quotations from the Partnership's FCM.  The fair value of all other
financial instruments reflected in the statement of financial condition





(primarily receivable from commodity broker and accrued expenses) approximate
the recorded value due to their short-term nature.

The General Partner reviews the trading advisor's market activity on a daily
basis and is appraised of general futures market activity on an ongoing basis.