FORM 10-Q

                      SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C. 20549

                (X) QUARTERLY REPORT UNDER SECTION 13 or 15(d)

                    OF THE SECURITIES EXCHANGE ACT OF 1934

              OR ( ) TRANSITION REPORT UNDER SECTION 13 OR 15(d)

                    OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarter ended September 30, 1996

Commission File Number 0-21584

                      F-1000 FUTURES FUND L.P., SERIES VIII
             (Exact name of registrant as specified in its charter)


      New York                                          13-3653624
(State or other jurisdiction of                       (I.R.S. Employer
 incorporation or organization)                        Identification No.)


                    c/o Smith Barney Futures Management Inc.
                           390 Greenwich St. - 1st Fl.
                            New York, New York 10013
              (Address and Zip Code of principal executive offices)

                                 (212) 723-5424
              (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (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


<PAGE>



                     F-1000 FUTURES FUND L.P., SERIES VIII
                                   FORM 10-Q
                                     INDEX

                                                                      Page
                                                                     Number



PART I - Financial Information:

       Item 1.   Financial Statements:

                 Statements of Financial Condition at
                 September 30, 1996 and December 31, 1995               3

                 Statements of Income and Expenses and
                 Partners' Capital for the Three and Nine
                 Months ended September 30, 1996 and 1995               4

                 Notes to Financial Statements                        5 - 8

       Item 2.   Management's Discussion and Analysis
                 of Financial Condition and Results of
                 Operations                                           9 - 10

PART II - Other Information                                             11





                                      2

<PAGE>

                                     PART I

                          Item 1. Financial Statements


                      F-1000 FUTURES FUND L.P., SERIES VIII
                        STATEMENTS OF FINANCIAL CONDITION


                                                      SEPTEMBER 30, DECEMBER 31,
                                                           1996         1995
                                                       -----------   -----------
ASSETS
                                                       (Unaudited)

Equity in commodity futures trading account:
  Cash and cash equivalents                            $ 3,638,791   $ 4,875,415
  Net unrealized appreciation
   on open futures contracts                               388,713       548,938
  Zero Coupons, $13,518,000 and $15,667,000
   principal amount in 1996 and 1995, respectively,
   due November 15, 1998 at market value
   (amortized cost $11,878,702 and $13,152,838,
   respectively)                                        11,884,890    13,498,060
  Commodity options owned, at market value
   (cost  $44,076 )                                         30,267             -
                                                       -----------   -----------
                                                        15,942,661    18,922,413

Receivable from SB on sale of Zero Coupons                 489,603     1,235,765
Interest receivable                                         12,070        17,101
                                                       -----------   -----------


                                                       $16,444,334   $20,175,279
                                                       ===========   ===========



LIABILITIES AND PARTNERS' CAPITAL


Liabilities:

 Accrued expenses:
  Commissions                                           $   36,396   $    47,283
  Management fees                                            8,504        11,045
  Incentive fees                                                 -        24,878
  Other                                                     36,614        36,095
  Redemptions payable                                      647,535     1,682,868
                                                       -----------   -----------


                                                           729,049     1,802,169
                                                       -----------   -----------
Partners' Capital

General Partner, 175 Unit
  equivalents outstanding in 1996 and
  1995, respectively                                       203,444       205,228
Limited Partners, 13,343 and 15,492
  Units of Limited Partnership
  Interest outstanding in 1996 and 1995,
  respectively                                          15,511,841    18,167,882
                                                       -----------   -----------

                                                        15,715,285    18,373,110
                                                       -----------   -----------

                                                       $16,444,334   $20,175,279
                                                       ===========   ===========
See Notes to Financial Statements 





                                      3

<PAGE>

                      F-1000 FUTURES FUND L.P., SERIES VIII
             STATEMENTS OF INCOME AND EXPENSES AND PARTNERS' CAPITAL
                                   (UNAUDITED)


<TABLE>
<CAPTION>

                                                                             THREE-MONTHS ENDED            NINE-MONTHS ENDED
                                                                                SEPTEMBER 30,                 SEPTEMBER 30,

                                                                       ----------------------------    -----------------------------
                                                                           1996            1995            1996            1995

                                                                       ------------    ------------    ------------    -------------
<S>                                                                        <C>              <C>             <C>             <C> 
Income:
  Net gains (losses) on trading of
   commodity futures:
  Realized gains (losses) on closed positions                          $   (387,437)   $   (720,531)   $    130,735    $  1,349,278
  Change in unrealized gains / losses on
   open positions                                                           268,234        (382,006)       (174,034)     (1,056,615)

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

                                                                           (119,203)     (1,102,537)        (43,299)        292,663
Less, brokerage commissions and clearing
  fees ($3,293, $4,810, $10,182
  and $16,405 respectively)                                                (116,914)       (138,057)       (376,375)       (497,475)

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

  Net realized and unrealized losses                                       (236,117)     (1,240,594)       (419,674)       (204,812)
  Realized gains (losses) on sale of Zero Coupons                               138           3,643           5,127         (44,011)
  Unrealized appreciation (depreciation)
   on Zero Coupons                                                           17,518         (29,469)       (339,034)      1,078,553
  Interest income                                                           225,988         285,271         701,823         886,212

                                                                       ------------    ------------    ------------    -------------
                                                                              7,527        (981,149)        (51,758)       1,715,942

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

Expenses:
  Management fees                                                            25,232          29,050          81,440         104,702
  Other                                                                      15,956          15,731          47,580          47,673
  Incentive fees                                                                  -               -           6,076         147,848


                                                                       ------------    ------------    ------------    -------------
                                                                             41,188          44,781         135,096          300,223

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

  Net income (loss)                                                         (33,661)     (1,025,930)       (186,854)      1,415,719
  Redemptions                                                              (647,535)     (1,114,814)     (2,470,971)     (3,597,307)

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

  Net decrease in Partners' capital                                        (681,196)     (2,140,744)     (2,657,825)     (2,181,588)

Partners' capital, beginning of period                                   16,396,481      21,149,320      18,373,110      21,190,164

                                                                       ============    ============    ============    =============

Partners' capital, end of period                                       $ 15,715,285    $ 19,008,576    $ 15,715,285    $ 19,008,576
                                                                       ============    ============    ============    =============
Net Asset Value per Unit
  (13,518 and 17,102 Units
  outstanding at September 30,
  1996 and 1995, respectively)                                         $   1,162.54    $   1,111.48    $   1,162.54    $   1,111.48
                                                                       ============    ============    ============    =============


Net Income (Loss) per Unit of Limited Partnership
  Interest and General Partnership Unit equivalent                     $      (2.40)   $     (56.67)   $     (10.19)   $      70.96
                                                                       ============    ============    ============    =============

</TABLE>

See Notes to Financial Statements.


                                      4

<PAGE>



                     F-1000 FUTURES FUND L.P., SERIES VIII
                         NOTES TO FINANCIAL STATEMENTS
                              September 30, 1996
                                  (Unaudited)

1. General:

     F-1000  Futures  Fund L.P.,  Series VIII (the  "Partnership")  is a limited
partnership  organized  under the laws of the State of New York on  January  16,
1992 to engage in the  speculative  trading of  commodity  interests,  including
forward  contracts  on foreign  currencies,  commodity  options,  and  commodity
futures  contracts,  including  futures  contracts on U.S.  Treasuries and other
financial  instruments and foreign currencies.  The commodity interests that are
traded by the Partnership are volatile and involve a high degree of market risk.
The Partnership  maintains a portion of its initial assets in interest  payments
stripped from U.S.  Treasury  Bonds under the  Treasury's  STRIPS  program whose
payments are due  approximately six years from the date trading commenced ("Zero
Coupons"). The Partnership uses such Zero Coupons and its other assets to margin
its commodities account. The Partnership commenced trading on August 18, 1992.

     Smith  Barney  Futures  Management  Inc.  acts as the general  partner (the
"General Partner") of the Partnership. Smith Barney Inc. ("SB"), an affiliate of
the General Partner,  acts as commodity broker for the Partnership.  All trading
decisions are being made for the Partnership by Chesapeake Capital  Corporation,
TrendLogic  Associates,  Inc. and  Willowbridge  Associates  (collectively,  the
"Advisors").  EMC Capital Management was terminated as an Advisor effective July
1, 1996. The General Partner has added TrendLogic Associates, Inc. as an Advisor
to the Partnership effective July 1, 1996.

     The accompanying  financial statements are unaudited but, in the opinion of
management,  include  all  adjustments  (consisting  only  of  normal  recurring
adjustments)  necessary for a fair presentation of the  Partnership's  financial
condition at September 30, 1996 and the results of its  operations for the three
and nine months ended September 30, 1996 and 1995.  These  financial  statements
present  the  results of interim  periods  and do not  include  all  disclosures
normally  provided in annual  financial  statements.  It is suggested that these
financial  statements be read in conjunction  with the financial  statements and
notes  included in the  Partnership's  annual report on Form 10-K filed with the
Securities and Exchange Commission for the year ended December 31, 1995.

     Due to the nature of commodity  trading,  the results of operations for the
interim  periods  presented  should not be considered  indicative of the results
that may be expected for the entire year.


                                      5

<PAGE>




                    F-1000 FUTURES FUND L.P., SERIES VIII
                        NOTES TO FINANCIAL STATEMENTS
                              September 30, 1996
                                 (Continued)

2. Net Asset Value Per Unit:

     Changes  in net asset  value per Unit for the three and nine  months  ended
September 30, 1996 and 1995 were as follows:

                                  THREE-MONTHS ENDED       NINE-MONTHS ENDED
                                    SEPTEMBER  30,           SEPTEMBER 30,
                                  1996         1995        1996        1995
                                  ----         ----        ----        ----

Net realized and unrealized
 losses                        $  (16.77)   $  (68.52)   $  (26.95)   $  (12.90)
Realized and unrealized
 gains (losses) on Zero
 coupons                            1.25        (1.43)      (21.66)       53.18
Interest income                    16.06        15.76        47.59        46.60
Expenses                           (2.94)       (2.48)       (9.17)      (15.92)
                               ---------    ---------    ---------    ---------

Increase (decrease) for
 period                            (2.40)      (56.67)      (10.19)       70.96

Net Asset Value per Unit,
  beginning of period           1,164.94     1,168.15     1,172.73     1,040.52
                               ---------    ---------    ---------    ---------


Net Asset Value per Unit,
  end of period                $1,162.54    $1,111.48    $1,162.54    $1,111.48
                               =========    =========    =========    =========


3. Trading Activities:

     The  Partnership  was formed for the  purpose  of  trading  contracts  in a
variety of commodity interests,  including derivative financial  instruments and
derivative  commodity  instruments.  The  results of the  Partnership's  trading
activities are shown in the statements of income and expenses.

     The Customer Agreement between the Partnership and SB gives the Partnership
the legal right to net unrealized gains and losses.

     All of the  commodity  interests  owned  by the  Partnership  are  held for
trading purposes. The fair value of these commodity interests, including options
thereon,  at  September  30, 1996 was $418,980 and the average fair value during
the nine months then ended, based on monthly calculation, was $251,011.


                                      6

<PAGE>




4. Financial Instrument Risk:

     The Partnership is party to financial  instruments with  off-balance  sheet
risk,  including  derivative  financial  instruments  and  derivative  commodity
instruments,  in the normal course of its business.  These financial instruments
include forwards,  futures and options,  whose value is based upon an underlying
asset,  index, or reference rate, and generally  represent future commitments to
exchange  currencies  or  cash  flows,  to  purchase  or  sell  other  financial
instruments  at specific  terms at specified  future  dates,  or, in the case of
derivative commodity instruments, to have a reasonable possibility to be settled
in cash or with another financial instrument. These instruments may be traded on
an  exchange  or  over-the-counter  ("OTC").  Exchange  traded  instruments  are
standardized and include futures and certain option contracts. OTC contracts are
negotiated between contracting parties and include forwards and certain options.
Each of these  instruments  is subject to various risks similar to those related
to the underlying  financial  instruments  including  market and credit risk. In
general,  the  risks  associated  with OTC  contracts  are  greater  than  those
associated  with  exchange  traded  instruments  because of the greater  risk of
default by the counterparty to an OTC contract.

     Market  risk is the  potential  for  changes in the value of the  financial
instruments traded by the Partnership due to market changes,  including interest
and foreign  exchange rate movements and  fluctuations  in commodity or security
prices.  Market risk is directly impacted by the volatility and liquidity in the
markets in which the related underlying assets are traded.

     Credit risk is the possibility  that a loss may occur due to the failure of
a counterparty to perform according to the terms of a contract. Credit risk with
respect to exchange traded instruments is reduced to the extent that an exchange
or  clearing  organization  acts  as a  counterparty  to the  transactions.  The
Partnership's  risk of loss in the event of  counterparty  default is  typically
limited to the amounts  recognized in the  statement of financial  condition and
not  represented  by the contract or notional  amounts of the  instruments.  The
Partnership has concentration  risk because the sole counterparty or broker with
respect to the Partnership's assets is SB.

     The General Partner monitors and controls the  Partnership's  risk exposure
on a daily  basis  through  financial,  credit  and risk  management  monitoring
systems  and,   accordingly  believes  that  it  has  effective  procedures  for
evaluating and limiting the credit and market risks to which the  Partnership is
subject.  These  monitoring  systems allow the General Partner to  statistically
analyze actual  trading  results with risk adjusted  performance  indicators and
correlation statistics. In addition,  on-line monitoring systems provide account
analysis of futures, forwards and options positions

                                      7

<PAGE>



by  sector,  margin  requirements,  gain and loss  transactions  and  collateral
positions.

     The  notional  or  contractual  amounts  of these  instruments,  while  not
recorded in the financial  statements,  reflect the extent of the  Partnership's
involvement  in these  instruments.  At  September  30,  1996,  the  notional or
contractual  amounts of the Partnership's  commitment to purchase and sell these
instruments was $40,053,223 and  $11,931,350,  respectively,  as detailed below.
All of these instruments mature within one year of September 30, 1996.  However,
due to the nature of the  Partnership's  business,  these instruments may not be
held to maturity.  At September 30, 1996,  the  Partnership  had net  unrealized
trading gains of $374,904, as detailed below.

                                      NOTIONAL OR CONTRACTUAL           NET
                                       AMOUNT OF COMMITMENT          UNREALIZED
                                     TO PURCHASE     TO SELL         GAIN/(LOSS)
                                     -----------     -------         -----------

Currencies:
- Exchange Traded contracts           $ 3,012,761    $ 5,428,271    $    47,044
- OTC Contracts                         1,773,978      2,226,316         (1,392)
Energy                                  1,349,443         44,300        107,719
Grains                                    772,923        259,299        (16,736)
Interest Rates-US                         717,188        661,025         10,200
interest Rates-Non US                  28,705,388        551,016        261,824
Livestock                                 860,990              0         (6,390)
Metals                                    655,211      2,298,309         31,126
Softs                                     787,347        155,189        (69,336)
Indices                                 1,417,994        307,625         10,845
                                      -----------    -----------    -----------

Totals                                $40,053,223    $11,931,350    $   374,904
                                      ===========    ===========    ===========




                                            8

<PAGE>



Item 2.     Management's Discussion and Analysis of Financial
            Condition and Results of Operations.

Liquidity and Capital Resources

     The Partnership does not engage in the sale of goods or services.  Its only
assets are its equity in its commodity  futures trading  account,  consisting of
cash  and  cash   equivalents,   Zero  Coupons,   net  unrealized   appreciation
(depreciation) on open futures and forward  contracts,  interest  receivable and
receivable  from SB on the  sale  of Zero  Coupons.  Because  of the low  margin
deposits normally required in commodity futures trading,  relatively small price
movements may result in substantial losses to the Partnership. While substantial
losses could lead to a decrease in liquidity, no such losses occurred during the
third quarter of 1996.

     The  Partnership's  capital  consists of the capital  contributions  of the
partners as  increased  or  decreased  by gains or losses on  commodity  futures
trading and Zero Coupons,  expenses,  interest income,  redemptions of Units and
distributions of profits, if any.

     For the nine months ended September 30, 1996, Partnership capital decreased
14.5% from  $18,373,110 to  $15,715,285.  This decrease was  attributable to the
redemption of 2,149 Units,  resulting in an outflow of $2,470,971 coupled with a
net loss from  operations of $186,854 during the nine months ended September 30,
1996.  Future   redemptions  can  impact  the  amount  of  funds  available  for
investments in commodity contract positions in subsequent periods.

Results of Operations

     During the  Partnership's  third  quarter of 1996,  the net asset value per
Unit  decreased  0.2% from  $1,164.94  to  $1,162.54,  as  compared to the third
quarter  of 1995 in which  the net  asset  value per Unit  decreased  4.9%.  The
Partnership  experienced a net trading loss before  commissions  and expenses in
the third  quarter of 1996 of  $119,203.  These  losses were  recognized  in the
trading of commodity futures in agricultural products,  currencies,  indices and
metals and were  partially  offset by gains  recognized  in energy  products and
interest  rates.   The  Partnership   experienced  a  net  trading  loss  before
commissions and expenses in the third quarter of 1995 of $1,102,537. Losses were
recognized  in the  trading of  commodity  futures in indices,  interest  rates,
currencies, energy products, agricultural products and metals.

     Commodity futures markets are highly volatile. Broad price fluctuations and
rapid  inflation  increase  the risks  involved in commodity  trading,  but also
increase the possibility of profit. The profitability of the Partnership depends
on the existence of

                                      9

<PAGE>



major price trends and the ability of the Advisors to identify  correctly  those
price  trends.  Price trends are  influenced  by, among other  things,  changing
supply and demand relationships, weather, governmental, agricultural, commercial
and trade  programs and  policies,  national  and  international  political  and
economic  events and changes in interest rates. To the extent that market trends
exist and the Advisors are able to identify  them,  the  Partnership  expects to
increase capital through operations.

     Interest income on 75% of the Partnership's daily average equity maintained
in cash was earned on the monthly average 13-week U.S. Treasury bill yield. Also
included in interest  income is the  amortization  of original issue discount on
the Zero Coupons based on the interest method. Interest income for the three and
nine  months  ended  September  30,  1996  decreased  by $59,283  and  $184,389,
respectively,  as compared to the  corresponding  periods in 1995 primarily as a
result of the effect of redemptions on the Partnership's Zero Coupons and equity
maintained in cash coupled with a decrease in interest rates in 1996 as compared
to 1995.

     Brokerage commissions are calculated on the adjusted net asset value on the
last day of each month and, therefore, vary according to trading performance and
redemptions.  Accordingly, they must be compared in relation to the fluctuations
in the monthly net asset values. Commissions and clearing fees for the three and
nine  months  ended  September  30,  1996  decreased  by $21,143  and  $121,100,
respectively, as compared to the corresponding periods in 1995.

     All trading  decisions for the  Partnership are currently being made by the
Advisors.  Management  fees are calculated as a percentage of the  Partnership's
net  asset  value  as of the  end of each  month  and are  affected  by  trading
performance and redemptions. Management fees for the three and nine months ended
September 30, 1996 decreased by $3,818 and $23,262, respectively, as compared to
the corresponding periods in 1995.

     Incentive  fees  are  based on the new  trading  profits  generated  by the
Advisors as defined in the  advisory  agreements  between the  Partnership,  the
General  Partner and each Advisor.  There were no incentive  fees earned for the
three months ended September 30, 1996 or 1995. Trading  performance for the nine
months ended  September  30, 1996  resulted in a decrease in  incentive  fees of
$141,772, as compared to the nine months ended September 30, 1995.

                                      10

<PAGE>



                           PART II OTHER INFORMATION


Item 1.     Legal Proceedings - None

Item 2.     Changes in Securities - None

Item 3.     Defaults Upon Senior Securities - None

Item 4.     Submission of Matters to a Vote of Security Holders - None

Item 5.     Other Information - None

Item 6.     (a) Exhibits - None

            (b) Reports on Form 8-K - None









                                      11


<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.

F-1000 FUTURES FUND L.P., SERIES VIII


By:     Smith Barney Futures Management Inc.
        (General Partner)


By:     /s/ David J. Vogel, President
        David J. Vogel, President

Date:    11/11/96

     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
registrant and in the capacities and on the dates indicated.

By:     Smith Barney Futures Management Inc.
        (General Partner)


By:     /s/ David J. Vogel, President
        David J. Vogel, President


Date:    11/11/96


By      /s/ Daniel A. Dantuono
        Daniel A. Dantuono
        Chief Financial Officer and
        Director

Date:    11/11/96


                                      12

<PAGE>