UNITED
    STATES
   SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 10-Q
  (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
  OF THE SECURITIES EXCHANGE ACT OF 1934
  For the
    Quarterly Period ended June 30, 2008
  OR ( )
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
  OF THE SECURITIES EXCHANGE ACT OF 1934
  For the
    transition period from
    
    to
  000-50736
  SALOMON
    SMITH BARNEY FAIRFIELD FUTURES FUND L.P.
    New York


04-3621353(State or other jurisdiction of
    incorporation or organization)


(I.R.S. Employer
    Identification No.
)   c/o Citigroup
    Managed Futures LLC
    731 Lexington Avenue  25th Fl.
    New York, New York 10022
    (212) 559-2011
      Yes
    X  No
  Rule 12b-2
  Large
    accelerated filer
    Accelerated filer
    Non-accelerated filer X
    Smaller
    reporting company   Rule 12b-2
  Yes
      No X




---



##### 



SALOMON
    SMITH BARNEY FAIRFIELD FUTURES FUND L.P.
  FORM 10-Q
  INDEX
  PageNumberPART I - Financial Information:Item 1.


Financial Statements:Statements of Financial Condition
    at June 30, 2008 and December 31, 2007 (unaudited)

3Schedules of Investments
    at June 30, 2008 and December 31, 2007 (unaudited)

4  5Statements of Income and Expenses
    and Partners Capital for the three and six
    months ended June 30, 2008 and 2007 (unaudited)

6Statements of Cash Flows for the three and six
    months ended June 30, 2008 and 2007 (unaudited)

7Notes to Financial Statements (unaudited)

8  12Item 2.


Managements Discussion and
    Analysis of Financial Condition
    and Results of Operations

13  16Item 3.


Quantitative and Qualitative
    Disclosures about Market Risk

17  18Item 4.


Controls and Procedures

19PART II - Other Information

20  23  2




---



##### 



PART I Item 1.  Financial
    Statements Salomon
    Smith Barney Fairfield Futures Fund L.P. 
    Statements of Financial Condition
    (Unaudited)  June 30,


December 31,2008


2007Assets:Equity in commodity futures trading account:Cash (Restricted $4,614,968 and $2,565,779. in 2008 and 2007,
    respectively)

$
35,822,606


$
36,716,758Net unrealized appreciation on open futures contracts


291,879



Unrealized appreciation on open forward contracts


2,510,219



1,400,73538,624,704



38,117,493Interest receivable


11,266



11,862Total assets

$
38,635,970


$
38,129,355Liabilities and Partners Capital:Liabilities:Net unrealized depreciation on open futures contracts

$



$
1,730Unrealized depreciation on open forward contracts


2,156,567



1,501,962Accrued expenses:Brokerage commissions


136,798



137,346Management fees


60,461



60,749Administrative fees


15,115



15,187Other


66,108



38,737Redemptions payable


3,528,863



549,679Total liabilities


5,963,912



2,305,390Partners Capital:General Partner, 308.2035 and 864.9335 Unit equivalents
    outstanding in 2008 and 2007, respectively


582,813



1,390,458Limited Partners, 16,969.5063 and 21,419.2881 Redeemable Units
    of Limited Partnership Interest outstanding in 2008 and 2007,
    respectively


32,089,245



34,433,507Total partners capital


32,672,058



35,823,965Total liabilities and partners capital

$
38,635,970


$
38,129,355    3




---



##### 



Salomon
    Smith Barney Fairfield Futures Fund L.P.
    Schedule of Investments
    June 30, 2008
    (Unaudited)  % of PartnersFair Value


CapitalFutures Contracts PurchasedEnergy

$
92,295



0.28
%Grains


72,155



0.22Indices


(1,273
)


0.00
*Metals


(110
)


0.00
*Softs


45,249



0.14Total futures contracts purchased


208,316



0.64Futures Contracts SoldIndices


174,179



0.54Interest Rates U.S.


(45,645
)


(0.14
)Interest Rates Non-U.S.


(9,321
)


(0.03
)Softs


(35,650
)


(0.11
)Total futures contracts sold


83,563



0.26Unrealized Appreciation on Forward ContractsCurrencies


104,938



0.32Metals


2,405,281



7.36Total unrealized appreciation on forward contracts


2,510,219



7.68Unrealized Depreciation on Forward ContractsCurrencies


(2,133,117
)


(6.53
)Metals


(23,450
)


(0.07
)Total unrealized depreciation on forward contracts


(2,156,567
)


(6.60
)Total fair value

$
645,531



1.98
%      4




---



##### 



Salomon
    Smith Barney Fairfield Futures Fund L.P.
    Schedule of Investments
    December 31, 2007
    (Unaudited)
  % of PartnersFair Value


CapitalFutures Contracts PurchasedEnergy

$
23,017



0.06
%Grains


8,142



0.02Indices


(10,184
)


(0.02
)Interest Rates U.S.


1,716



0.00
*Interest Rates Non-U.S.


18,400



0.05Metals


460



0.00
*Softs


(6,776
)


(0.02
)Total futures contracts purchased


34,775



0.09Futures Contracts SoldEnergy


(26,750
)


(0.08
)Grains


6,039



0.02Interest Rates U.S.


(4,406
)


(0.01
)Interest Rates Non-U.S.


(11,388
)


(0.03
)Total futures contracts sold


(36,505
)


(0.10
)Unrealized Appreciation on Open Forward ContractsCurrencies


1,292,726



3.61Metals


108,009



0.30Total unrealized appreciation on open forward contracts


1,400,735



3.91Unrealized Depreciation on Open Forward ContractsCurrencies


(1,437,301
)


(4.01
)Metals


(64,661
)


(0.18
)Total unrealized depreciation on open forward contracts


(1,501,962
)


(4.19
)Total fair value

$
(102,957
)


(0.29
)%      5




---



##### 



Salomon
    Smith Barney Fairfield Futures Fund L.P.
    Statements of Income and Expenses and Partners Capital
    (Unaudited)  Three Months Ended


Six Months EndedJune 30,


June 30,2008


2007


2008


2007Income:Net gains (losses) on trading of commodity interests:Net realized gains (losses) on closed positions and foreign
    currencies

$
2,768,774


$
9,043,720


$
6,336,616


$
5,760,215Change in net unrealized gains (losses) on open positions and
    foreign currencies


473,920



784,801



748,488



(499,899
)Gain (loss) from trading, net


3,242,694



9,828,521



7,085,104



5,260,316Interest income


118,078



332,785



285,404



746,441Total income (loss)


3,360,772



10,161,306



7,370,508



6,006,757Expenses:Brokerage commissions including clearing fees of $9,691,
    $15,633, $23,255 and $32,860, respectively


437,516



450,488



880,054



930,207Management fees


188,630



190,611



375,495



391,503Administrative fees


47,157



47,653



93,874



97,876Other


31,452



28,705



66,779



56,974Total expenses


704,755



717,457



1,416,202



1,476,560Net Income (loss)


2,656,017



9,443,849



5,954,306



4,530,197Redemptions  Limited Partners


(6,874,787
)


(3,726,138
)


(8,106,233
)


(9,691,264
)Redemptions  General Partner


(999,980
)






(999,980
)


Net increase (decrease) in Partners Capital


(5,218,750
)


5,717,711



(3,151,907
)


(5,161,067
)Partners Capital, beginning of period


37,890,808



33,437,378



35,823,965



44,316,156Partners Capital, end of period

$
32,672,058


$
39,155,089


$
32,672,058


$
39,155,089Net Asset Value per Unit (17,277.7098 and 23,854.1255 Units
    outstanding at June 30, 2008 and 2007, respectively)

$
1,891.00


$
1,641.44


$
1,891.00


$
1,641.44Net income (loss) per Redeemable Unit of Limited Partnership
    Interest and General Partner Unit equivalent

$
131.90


$
376.22


$
283.41


$
212.67    6




---



##### 



Salomon
    Smith Barney Fairfield Futures Fund L.P.
    Statements of Cash Flows
    (Unaudited)  Three Months Ended


Six Months EndedJune 30,


June 30,2008


2007


2008


2007Cash flows from operating activities:Net income (loss)

$
2,656,017


$
9,443,849


$
5,954,306


$
4,530,197Adjustments to reconcile net income (loss) to net cash provided
    by (used in) operating activities:Changes in operating assets and liabilities:(Increase) decrease in restricted cash


(645,662
)


(2,135,580
)


(2,049,189
)


3,519,322(Increase) decrease in net unrealized appreciation on open
    futures contracts


(291,879
)


(281,192
)


(291,879
)


(3,951
)(Increase) decrease in unrealized appreciation on open forward
    contracts


529,841



(1,853,996
)


(1,109,484
)


(1,093,246
)(Increase) decrease in interest receivable


(2,458
)


5,672



596



(7,712
)Increase (decrease) in net unrealized depreciation on open
    futures contracts


(314,797
)






(1,730
)


Increase (decrease) in unrealized depreciation on open forward
    contracts


(397,085
)


1,350,387



654,605



1,597,096Accrued expenses:Increase (decrease) in brokerage commissions


(6,659
)


12,730



(548
)


(39,791
)Increase (decrease) in management fees


(2,951
)


5,653



(288
)


(17,619
)Increase (decrease) in administrative fees


(738
)


1,413



(72
)


(4,405
)Increase (decrease) in other


1,552



(9,817
)


27,371



363Net cash provided by (used in) operating activities


1,525,181



6,539,119



3,183,688



8,480,254Cash flows from financing activities:Payments for redemptionsLimited Partners


(3,423,146
)


(6,059,104
)


(5,127,049
)


(15,079,677
)Payments for redemptionsGeneral Partner


(999,980
)






(999,980
)


Net cash provided by (used in) financing activities


(4,423,126
)


(6,059,104
)


(6,127,029
)


(15,079,677
)Net change in unrestricted cash


(2,897,945
)


480,015



(2,943,341
)


(6,599,423
)Unrestricted cash, at beginning of period


34,105,583



33,041,042



34,150,979



40,120,480Unrestricted cash, at end of period

$
31,207,638


$
33,521,057


$
31,207,638


$
33,521,057Non cash financing activities:Change in redemptions payable

$
3,451,641


$



$
2,979,184


$
    7




---



##### 



Salomon
    Smith Barney Fairfield Futures Fund L.P.
    Notes to Financial Statements
    June 30, 2008
    (Unaudited)
  1.
    General:      Form 10-K
   8




---



##### 



Salomon
    Smith Barney Fairfield Futures Fund L.P.
    Notes to Financial Statements
    June 30, 2008
    (Unaudited)
  2.
    Financial
    Highlights:    Three Months Ended


Six Months EndedJune 30,


June 30,2008


2007


2008


2007Net realized and unrealized gains (losses)*

$
139.08


$
373.63


$
295.25


$
205.62Interest Income


5.79



13.20



13.41



26.92Expenses **


(12.97
)


(10.61
)


(25.25
)


(19.87
)Increase (decrease) for the period


131.90



376.22



283.41



212.67Net Asset Value per Redeemable Unit, beginning of period


1,759.10



1,265.22



1,607.59



1,428.77Net Asset Value per Redeemable Unit, end of period

$
1,891.00


$
1,641.44


$
1,891.00


$
1,641.44   *
    
    Includes brokerage commissions**
    
    Excludes brokerage commissions  Three Months Ended


Six Months EndedJune 30,


June 30,2008


2007


2008


2007Ratios to Average Net Assets: ***Net investment income (loss) before incentive fees ****


(6.7
)%


(4.3
)%


(6.4
)%


(3.8
)%Operating expense


8.0
%


8.0
%


8.0
%


7.7
%Incentive fees














Total expenses


8.0
%


8.0
%


8.0
%


7.7
%Total return:Total return before incentive fees


7.5
%


29.7
%


17.6
%


14.9
%Incentive fees














Total return after incentive fees


7.5
%


29.7
%


17.6
%


14.9
%   ***
    
    Annualized (other than incentive fees)****
    
    Interest income less total expenses   9




---



##### 



Salomon
    Smith Barney Fairfield Futures Fund L.P.
    Notes to Financial Statements
    June 30, 2008
    (Unaudited)
  3.
    Trading
    Activities:          4.
    Fair
    Value Measurements:  Investments.
  Fair Value Measurements. Fair Value Measurements No. FAS 157-2, Effective Date of FASB Statement No. 157
    10




---



##### 



Salomon
    Smith Barney Fairfield Futures Fund L.P.
    Notes to Financial Statements
    June 30, 2008
    (Unaudited)
  Quoted Prices inActive Markets for


Significant Other


SignificantIdentical Assets


Observable Inputs


UnobservableJune 30, 2008


(Level 1)


(Level 2)


Inputs (Level 3)AssetsForwards

$
2,510,219


$



$
2,510,219


$
Futures


291,879



291,879







Total assets


2,802,098



291,879



2,510,219



LiabilitiesForwards

$
2,156,567


$



$
2,156,567


$
Total liabilities


2,156,567







2,156,567



Total fair value

$
645,531


$
291,879


$
353,652


$
   5.
    Financial
    Instrument Risks:         11




---



##### 



Salomon
    Smith Barney Fairfield Futures Fund L.P.
    Notes to Financial Statements
    June 30, 2008
    (Unaudited)
     12




---



##### 



Item 2.
    Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations.  Liquidity
    and Capital Resources
        Critical
    Accounting Policies
  Use of Estimates.
  Investments.
  Fair Value Measurements. Fair Value Measurements No. FAS 157-2, Effective Date of FASB Statement No. 157
    13




---



##### 



Quoted Prices inActive Markets


Significant Other


Significantfor Identical


Observable Inputs


UnobservableJune 30, 2008


Assets (Level 1)


(Level 2)


Inputs (Level 3)AssetsForwards

$
2,510,219


$



$
2,510,219


$
Futures


291,879



291,879







Total assets


2,802,098



291,879



2,510,219



LiabilitiesForwards

$
2,156,567


$



$
2,156,567


$
Total liabilities


2,156,567







2,156,567



Total fair value

$
645,531


$
291,879


$
353,652


$
   Forward Foreign Currency Contracts. agreed-upon
  Income Taxes.
      Recent Accounting Pronouncements.
  Results
    of Operations
   14




---



##### 



non-U.S. interest
            30-day 3-month and/or 90-day
 15




---



##### 



16




---



##### 



Item 3.
    Quantitative
    and Qualitative Disclosures about Market Risk          one-day
 17




---



##### 



Form 10-K
  June 30,
    2008
    (Unaudited)
  Three Months Ended June 30, 2008Average% of Total


High


Low


Value atMarket Sector

Value at Risk


Capital


Value at Risk


Value at Risk


Risk*Currencies: OTC Contracts

$
2,679,892



8.21
%

$
3,757,339


$
2,068,437


$
2,877,871Energy


357,750



1.09
%


797,500



182,500



407,125Grains


237,500



0.73
%


246,900



13,500



114,967Interest Rates U.S.


45,800



0.14
%


144,250



9,442



53,817Interest Rates Non-U.S.


348,116



1.07
%


705,684



109,071



431,596Metals Exchange Traded


16,500



0.05
%


32,000



16,000



16,167 OTC


124,419



0.38
%


125,099



14,940



106,425Softs


98,768



0.30
%


98,768



1,637



63,417Indices


429,350



1.31
%


896,658



148,911



609,280Total

$
4,338,095



13.28
%   *
    
    Average of month-end Values at Risk 18




---



##### 



Item 4.
    Controls
    and Procedures      Rule 13a-15(e) 15d-15(e)
  internal control over financial
    reporting
  
    pertain to the maintenance of records that in reasonable detail
    accurately and fairly reflect the transactions and dispositions
    of the assets of the Partnership;
    provide reasonable assurance that (i) transactions are
    recorded as necessary to permit preparation of financial
    statements in accordance with U.S. generally accepted
    accounting principles, and (ii) the Partnerships
    receipts are handled and expenditures are made only pursuant to
    authorizations of the General Partner; and
    provide reasonable assurance regarding prevention or timely
    detection of unauthorized acquisition, use or disposition of the
    Partnerships assets that could have a material effect on
    the financial statements.   19




---



##### 



PART II.
    OTHER INFORMATION  Item 1.
    Legal
    Proceedings  Form 10-K Form 10-Q
  Enron
  Ahlich v. Arthur Andersen, L.L.P. Delgado v. Fastow Pearson v. Fastow Rosen v. Fastow Bullock v. Arthur Andersen, L.L.P. Choucroun v. Arthur Andersen, L.L.P. Guy v. Arthur Andersen, L.L.P. Adams v. Arthur Andersen, L.L.P. Jose v. Arthur Andersen, L.L.P. Odam, et al., v. Enron Corp., et al
      IPO Civil
    Litigation
    Subprime
    Mortgage-Related Litigation
  In Re
    Citigroup Inc. Shareholder Derivative Litigation
  In Re American Home
    Mortgage Securities Litigation
  In Re Countrywide
    Financial Corp. Securities Litigation
  Other
    Matters
    Auction
    Rate Securities
  In Re Citigroup Auction Rate securities
    Litigation
 20




---



##### 



and/or
  Ferguson Family Trust v. Falcon
  Strategies Two LLC, et
    al.
  In re MAT Five Securities
    Litigation
  Item 1A.
    Risk
    Factors  Form 10-K
    Item 2.
    Unregistered
    Sales of Equity Securities and Use of Proceeds   21




---



##### 



(d) Maximum Number(or Approximate(c) Total Number



Dollar Value) of Sharesof Shares (or Units)



(or Units) that(a) Total Number



(b) Average



Purchased as Part



May Yet Beof Shares



Price Paid per



of Publicly Announced



Purchased Under thePeriod


(or Units) Purchased*



Share (or Unit)**



Plans or Programs



Plans or ProgramsApril 1, 2008  
    April 30, 2008



75.9545



$
1,771.91




N/A




N/AMay 1, 2008  
    May 31, 2008



1,763.4060



$
1,821.10




N/A




N/AJune 1, 2008  
    June 30, 2008



1,866.1358



$
1,891.00




N/A




N/A3,705.4963



$
1,855.29      Item 3.
    Defaults
    Upon Senior Securities  None.  Item 4.
    Submission
    of Matters to a Vote of Security Holders 
    None.  Item 5.
    Other
    Information  None. 22




---



##### 



Item 6.
    Exhibits  Regulation S-K Form 10-K
  Rule 13a-14(a)/15d-14(a)
  Rule 13a-14(a)/15d-14(a)
     23




---



##### 



SIGNATURES
    SALOMON
    SMITH BARNEY FAIRFIELD FUTURES FUND L.P.
  By:

Citigroup Managed Futures LLC(General Partner)By:

/s/ Jerry PascucciJerry Pascucci,
    President and DirectorDate:

August 14, 2008By:

/s/ Jennifer MagroJennifer Magro
    Chief Financial Officer and DirectorDate:

August 14, 2008  24