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, 2001

                       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
<page>




                                    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
Partnership.  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, 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, Inc. or with Rosenthal Collins Group, LLC.  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
2001 no incentive fees were paid to Crossbow Capital Management due to the poor
performance of the fund.


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, 2001, there were 43 holders of the Limited Partner
Units.  4,896 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 pages contain a summary of selected consolidated financial
data for the Partnership for the fiscal years ended December 31, 2001, 2000,
1999, 1998 and 1997.
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                The Global Opportunity Fund Limited Partnership
                          Selected Financial Data

                            2001     2000       1999     1998      1997
Investment income
  Interest                $ 14,566 $  30,970  $ 39,516 $  58,794 $  78,133


    Total income            14,566    30,970    39,516    58,794    78,133

Expenses
  Brokerage commissions     28,910    40,298    65,702    89,057   136,558
   Management Fees              -      6,076    12,576    17,083    36,255
   Incentive fees               -      8,552    13,893    11,890    68,959
   Administrative
     expenses               30,000    48,000    67,000    72,000    80,037

     Total expenses         58,910   102,926   159,171   190,030   321,809


    Net investment (loss)  (44,344)  (71,956) (119,655)(131,236)  (243,676)

Realized and unrealized
gain (loss) from
investments and foreign
currency
    Net realized gain
    (loss) from futures
    trading                (38,859) (124,190)   61,284  263,363    199,213
    Foreign currency
    transactions                -     (5,797)   (2,631)  (8,145)    (8,271)

                           (38,859) (129,987)   58,653  255,218    190,940


Net increase (decrease) in
unrealized appreciation
(depreciation) on -
    Open futures
    positions               (7,834)      636     8,472  (53,196)    48,261

                            (7,834)      636     8,472  (53,196)    48,261


    Net realized and
    unrealized gain
    (loss) from
    investments and
    foreign currency       (46,693) (129,351)   67,125  202,022    239,201


    Net income (loss)
    resulting from        $(91,037)$(201,307) $(52,530)$ 70,786  $  (4,475)
    operations







    operations




 Total Assets             $342,540 $491,864   $765,727  $975,077 $1,554,642

 Total Liabilities        $ 24,096  $51,463   $ 26,422  $ 34,843  $ 49,916























































       The Global Opportunity Fund Limited Partnership
    Selected Financial Data (Cont.)

 Partners' Capital
   Limited Partners
     Units                   4,359    4,764       5,765    6,927    12,485
     Value                 $282,833 $394,918   $675,075 $871,265  $1,441,460

   General Partner (537
  Units)                    35,611   45,483      64,230   68,969    63,266
 Total Partners' Capital   $318,444 $440,401   $739,305 $940,234  $1,504,726

 Total Liabilities &
Partners' Capital          $342,540 $491,864   $765,727 $975,077  $1,554,642

 Net Asset Value per Unit
- Limited Partners         $  64.88 $  82.90   $ 117.10 $ 125.78  $ 115.46
 Net Asset Value per Unit
- General Partner          $  66.31 $  84.70   $ 119.61 $ 128.43  $ 117.81

 Net income (loss)
resulting from operations
per Limited Partner Unit   $(18.02)$(34.20)    $(8.29)  $10.32    $(1.64)
 Net income (loss) in net
assets resulting from
operations per General
Partner Unit               $(18.39) $(34.91)   $(8.82)  $10.62    $(1.68)

See Note 9 in the audited financial states for basis of the net income
(loss) resulting from operations per units calculation.
<page>
































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 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.

     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

     Net realized and unrealized gains (loss) from investments and foreign
currency posted losses of $46,693 for the year ended December 31, 2001 as
compared to a net loss of $129,351 in 2000 and a net gain of $67,125 in 1999.
The majority of profits were made in long positions in stock market indices as
well as long positions in the energy complex.

     Fund units are redeemed on a monthly basis.  During the fiscal year ending
December 31, 2001, 405 units with a total value of $30,919 were redeemed.
During fiscal year 2000 redeemed units equaled 1,001 with a value of $97,597.
There were 1,162 units redeemed in 1999 for a total of $148,399.

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 advisors acted as the Partnership's
Trading Manager, pursuant to the Management Contracts described in "Item 1.
Business."  For the year ended December 31, 2001, Crossbow Capital was not paid
incentive fees due to the poor performance of the Partnership.  For the year
ended December 31, 2001 Rosenthal Collins Futures Management, Inc. has been
paid $24,900 in brokerage fees, and Rosenthal Collins Group has been paid
$4,010 in brokerage clearing commission.

Item 12.  Security Ownership of Certain Beneficial Owners and Management

     (a)  Security Ownership of Certain Beneficial Owners

     None of the Trading Managers owned units in the Partnership during 2001.
On December 31, 2001 Rosenthal Collins Futures Management, Inc., the General
Partner  owned 11.18% of the Fund while Limited Partners Donald Christensen
owned 10.21%, Roland Groome owned 10.21% , Kayser & Company owned 6.13%, Bertil
DeBoutin owned 5.11%, and Sofico Inc. owned 5.11%.

     (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, 2001 the General Partner's interest in the Partnership was worth
$35,611.

     (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 2001, Crossbow Capital Management was Trading Manager.  The Trading
Manager 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.

     (b)  Reports on Form 8-K

          none


<page>














                             INDEX OF EXHIBITS

     (The following exhibits have been previously filed)

Exhibit             Description
Number

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.

<page>




































     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 ___________, 2002.


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 ______________, 2002

_________________________________
             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 __________2002

__________________________________
            By J. Robert Collins
                    President








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


<page>











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

     INDEX TO FINANCIAL STATEMENTS



                                                              Pages

Independent Auditor's Report                                     F-2

Financial Statements:
  Statements of financial condition,                             F-3
    December 31, 2001 and 2000

     Statements of operations for                                F-4
    the years ended December 31, 2001, 2000, and 1999

  Statements of changes in partners' capital for                 F-5
    the years ended December 31, 2001, 2000, and 1999

  Notes to Financial Statements                                  F-6/F-10



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

<page>

































                         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, 2001 and 2000, and the related
statements of operations and changes in partners' capital for each of the three
years in the period ended December 31, 2001, 2000 and 1999, and the financial
highlights for the year ended December 31, 2001.  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.

We conducted our audits in accordance with auditing standards generally
accepted in the United States of America.  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.

In our opinion, the financial statements and financial highlights referred to
above represent fairly, in all material respects, the financial position of the
Global Opportunity Fund, L.P. as of December 31, 2001 and 2000, and the results
of its operations and changes in partners' capital for each of the three years
in the period ended December 31, 2001, 2000 and 1999, and the financial
highlights for the year ended December 31, 2001, in conformity with accounting
principles generally accepted in the United States of America.


Chicago, Illinois
January 25, 2002, except for Note 13, as to which the date is March 4, 2002
















                                      F-2
<page>








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

STATEMENTS OF FINANCIAL CONDITION
December 31, 2001 and 2000

                                                     2001         2000

ASSETS

Equity in broker trading accounts:
 Cash                                              $332,693     $473,103
 Unrealized gain on open contracts                    9,394       17,228


    Deposit with broker                             342,087      490,331

Interest receivable                                     453        1,533


                                                   $342,540     $491,864




LIABILITIES AND PARTNERS' CAPITAL

Liabilities
 Accrued administrative expenses                   $ 20,647     $ 22,605
 Accrued brokerage commissions and fees               3,449        2,566
 Accrued incentive fees                                  -         8,552
 Redemptions payable                                     -        17,740


    Total liabilities                                24,096       51,463


Partners' Capital
 Limited Partners (units outstanding: 2001 -
 4,359; 2000 - 4,764)                               282,833      394,918
 General Partner (units outstanding: 2001 and
 2000 - 537)                                         35,611       45,483

                                                    318,444      440,401


                                                   $342,540     $491,864





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


                                      F-3





<page>






























































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

STATEMENTS OF OPERATIONS
Years Ended December 31, 2001, 2000 and 1999

                                           2001       2000        1999


Investment income
   Interest                              $  14,566  $  30,970   $  39,516


    Total income                            14,566     30,970      39,516

Expenses:
 Brokerage commissions                      28,910     40,298      65,702
 Management fees                                -       6,076      12,576
 Incentive fees                                 -       8,552      13,893
 Administrative expenses                    30,000     48,000      67,000

    Total expenses                          58,910    102,926     159,171


    Net investment (loss)                  (44,344)   (71,956)   (119,655)

Realized and unrealized gain (loss) from
  investments and foreign currency
   Net realized gain (loss) from futures
   trading                                 (38,859)  (124,190)     61,284
   Foreign currency transactions                -      (5,797)     (2,631)

                                           (38,859)  (129,987)     58,653


Net increase (decrease) in unrealized
appreciation
  (depreciation) on -
   Open futures positions                   (7,834)      636        8,472

                                            (7,834)      636        8,472


   Net realized and unrealized
     gain (loss) from investments
     and foreign currency                  (46,693)  (129,351)     67,125



    Net (loss) resulting from
    operations                           $ (91,037) $(201,307)  $ (52,530)




Net (loss) resulting from operations






 allocated to:
 Limited Partners                        $(81,165)  $(182,560)  $ (47,791)




 General Partner                         $ (9,872)  $ (18,747)  $  (4,739)




Net (loss) resulting from operations
 per Limited Partner unit outstanding
 throughout each year                    $ (18.02)  $ (34.20)   $  (8.47)




Net (loss) resulting from operations
 per General Partner unit outstanding
 throughout each year                    $ (18.39)  $ (34.91)   $  (8.82)





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



                                      F-4
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THE GLOBAL OPPORTUNITY FUND, L.P.
(A Delaware Limited Partnership)

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL
Years Ended December 31, 2001, 2000 and 1999

                              Total
                              Number       General     Limited
                              of Units     Partner     Partners     Total


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 (loss)                                  (18,747)   (182,560)    (201,307)


Balance, December 31, 2000        5,301       45,483     394,918      440,401

 Redemption of 405 units of
   Limited Partnership
   Interest                       (405)
                                                  -      (30,920)     (30,920)
 Net (loss)                                   (9,872)    (81,165)     (91,037)


Balance, December 31, 2001        4,896     $ 35,611    $282,833     $318,444




                                                            December 31,
                                                          2001         2000


Net asset value per unit, Limited Partners              $  64.88     $  82.90




Net asset value per unit, General Partner               $  66.31     $  84.70




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











                                      F-5
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                       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 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).

Statement of operations:  The presentation of the statement of operations has
been reformatted to comply with Statement of Position 01-1, Amendment to Scope
of Statement of Position 95-2, Financial Reporting of Nonpublic Investment
Partnerships, to include commodity pools.





                                      F-6
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Note 1.   Organization of the Partnership and Significant Accounting Policies
(continued)

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, 1998, the General Partner had been
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

Rosenthal Collins is the Partnership's FCM.

The Partnership pays the FCM 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, 2001, 2000 and 1999, brokerage commission expenses totaled
$28,910, $40,298, and $65,702, respectively.  As of December 31, 2001,
brokerage commissions payable to the General Partner were $3,449.

Note 5.   Commodity Trading Advisors






The Partnership has advisory agreements with various commodity trading advisors
(CTAs).  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 CTAs 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.


                                      F-7
<page>


















































Note 5.   Commodity Trading Advisors (cont.)

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, 2001, $332,693  of Partnership assets was held in
segregation for the benefit of the Partnership in compliance with federal
regulations.

Note 8.   Schedule of Investments

At December 31, 2001, the Partnership's assets were primarily cash on deposit
with FCMs.  The Partnership also had open futures contracts on various
underlying commodities, all with delivery dates in 2002, and with an unrealized
net gain (market value) of $9,394.

F-8
<page>












Note 9.   Financial Highlights

The following financial highlights reflect activity related to the limited
partner class only.  Total return is based on the change in value during the
period of a theoretical investment made at the beginning of each calendar
quarter of the year ended December 31, 2001.  An individuals limited partners'
return may vary from this return based on several factors.

Per unit Operating Performance (For a limited partnership
unit
Outstanding throughout the period from January 1, 2001 to
December 31, 2001):


Net asset value, January 1, 2001                               82.90


Income from investment operations:
  Net investment income                                      (8.96)
Net realized and unrealized gain (loss) on investment
                                                               (9.06)
and foreign currency  transactions


Total from investment operations                             (18.02)



Net asset value, December 31, 2001                             64.88




Total Return:                                                (18.16)%

Supplemental Data:
Net assets applicable to Limited Partners, December 31, 2001 $ 289,536

Ratio to average net assets:
Expenses                                                      14.17 %
Net investment income (loss)                                 (10.64)%


Note 10.  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.

F-9
<page>











Note 11.  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, 2001, 2000 and 1999, 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 12.  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.

Note 13.  Subsequent Event

In February 2002, the General Partner decided to dissolve the Fund effective as
of February 28, 2002.








                                     F-10