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EXHIBIT 31.01


                                  CERTIFICATION

I, Bruce L. Cleland, Chief Executive Officer of Campbell & Company, Inc., the
managing operator of The Campbell Fund Trust (the "Trust"), do hereby certify
that:

1.   I have reviewed this quarterly report on Form 10-Q of the Trust;

2.   Based on my knowledge, this quarterly report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the Trust as of, and for, the periods presented in this quarterly
     report;

4.   The Trust's other certifying officer and I are responsible for establishing
     and maintaining disclosure controls and procedures (as defined in Exchange
     Act Rules 13a-14 and 15d-14) for the Trust and we have:

     (i)   designed such disclosure controls and procedures to ensure that
           material information relating to the Trust, including its
           consolidated subsidiaries, is made known to us by others within those
           entities, particularly during the period in which this quarterly
           report is being prepared;

     (ii)  evaluated the effectiveness of the Trust's disclosure controls and
           procedures as of a date within 90 days prior to the filing date of
           this quarterly report (the "Evaluation Date"); and

     (iii) presented in this quarterly report our conclusions about the
           effectiveness of the disclosure controls and procedures based on our
           evaluation as of the Evaluation Date;

5.   The Trust's other certifying officer and I have disclosed, based on our
     most recent evaluation, to the Trust's auditors and the audit committee of
     the Trust's board of directors (or persons performing the equivalent
     functions):

     (i)   all significant deficiencies in the design or operation of internal
           controls which could adversely affect the Trust's ability to record,
           process, summarize and report financial data and have identified for
           the Trust's auditors any material weaknesses in internal controls;
           and

     (ii)  any fraud, whether or not material, that involves management or other
           employees who have a significant role in the Trust's internal
           controls; and

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6.   The Trust's other certifying officer and I have indicated in this quarterly
     report whether or not there were significant changes in internal controls
     or in other factors that could significantly affect internal controls
     subsequent to the date of our most recent evaluation, including any
     corrective actions with regard to significant deficiencies and material
     weaknesses.


                                                  By:  /s/ Bruce L. Cleland

                                                  ---------------------------
                                                  Bruce L. Cleland
                                                  Chief Executive Officer
                                                  November 14, 2003

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