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 March 31, 2001
                      --------------

Commission File Number 0-26132
                       -------

            SMITH BARNEY DIVERSIFIED FUTURES FUND L.P.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

      New York                                     13-3729162
--------------------------------------------------------------------------------
 (State or other jurisdiction of                (I.R.S. Employer
  incorporation or organization)                Identification No.)


                     c/o Smith Barney Futures Management LLC
                           388 Greenwich St. - 7th 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>


                   SMITH BARNEY DIVERSIFIED FUTURES FUND L.P.
                                    FORM 10-Q
                                      INDEX

                                                                    Page
                                                                   Number

PART I - Financial Information:

   Item 1.          Financial Statements:

                    Statement of Financial Condition
                    at March 31, 2001 and December 31,
                    2000 (unaudited).                                 3

                    Statement of Income and Expenses
                    and Partners' Capital for the three
                    months ended March 31, 2001 and
                    2000 (unaudited).                                 4

                    Notes to Financial Statements
                    (unaudited)                                     5 - 9

   Item 2.          Management's Discussion and
                    Analysis of Financial Condition
                    and Results of Operations                      10 - 11

   Item 3.          Quantitative and Qualitative
                    Disclosures of Market Risk                     12 - 13

PART II - Other Information                                          14


                                        2
<PAGE>


                                     PART I
                          ITEM 1. FINANCIAL STATEMENTS

                   SMITH BARNEY DIVERSIFIED FUTURES FUND L.P.
                        STATEMENT OF FINANCIAL CONDITION
                                   (Unaudited)

<TABLE>
<CAPTION>

                                                        MARCH 31,   DECEMBER 31,
                                                          2001         2000
                                                     ------------   ------------
<S>                                                       <C>              <C>
ASSETS:

Equity in commodity futures trading account:
  Cash                                                $76,554,717    $78,497,039
  Net unrealized appreciation
   on open futures positions                            4,556,883      4,215,703
  Commodity options owned, at fair
   value (cost  $181,250 and $0 in
   2001 and 2000, respectively)                           106,250           --
                                                      -----------    -----------
                                                       81,217,850     82,712,742
Interest receivable                                       252,286        312,122
                                                      -----------    -----------
                                                      $81,470,136    $83,024,864
                                                      ===========    ===========

LIABILITIES AND PARTNERS' CAPITAL:

Liabilities:
 Accrued expenses:
  Commissions                                         $   369,248    $   376,655
  Management fees                                         182,318        159,510
  Incentive fees                                          771,260        290,312
  Other                                                    75,537         75,740
 Redemptions payable                                    1,511,695      1,623,598
                                                      -----------    -----------
                                                        2,910,058      2,525,815
                                                      -----------    -----------
Partners' Capital:

General Partner, 2,048.9308 Unit
   equivalents outstanding in 2001 and 2000             2,529,508      2,487,300
Limited Partners, 61,585.6066 and
  64,262.8850 Units of Limited Partnership
  Interest outstanding in 2001 and 2000,
  respectively                                         76,030,570     78,011,749
                                                      -----------    -----------
                                                       78,560,078     80,499,049
                                                      -----------    -----------
                                                      $81,470,136    $83,024,864
                                                      ===========    ===========
</TABLE>

See Notes to Financial Statements


                                        3
<PAGE>


                   SMITH BARNEY DIVERSIFIED FUTURES FUND L.P.
             STATEMENT OF INCOME AND EXPENSES AND PARTNERS' CAPITAL
                                   (UNAUDITED)


<TABLE>
<CAPTION>

                                                           THREE MONTHS ENDED
                                                                MARCH 31,
                                                     -------------------------------
                                                          2001             2000
                                                     -------------     --------------
<S>                                                           <C>           <C>
Income:
  Net gains (losses) on trading of commodity
   interests:
  Realized gains on closed positions                  $   2,876,167    $   2,606,295
  Change in unrealized gains (losses) on open
   positions                                                266,180       (1,880,349)
                                                      -------------    -------------
                                                          3,142,347          725,946
Less, brokerage commissions including clearing fees
  of $65,445 and $68,419, respectively                   (1,194,359)      (1,746,589)
                                                      -------------    -------------
  Net realized and unrealized gains (losses)              1,947,988       (1,020,643)
  Interest income                                           769,474        1,178,352
                                                      -------------    -------------
                                                          2,717,462          157,709
                                                      -------------    -------------


Expenses:
  Management fees                                           575,040          936,724
  Other expenses                                             29,631           29,349
  Incentive fees                                            836,800             --
                                                      -------------    -------------
                                                          1,441,471          966,073
                                                      -------------    -------------
  Net income (loss)                                       1,275,991         (808,364)
  Additions                                                   6,321           24,393
  Redemptions                                            (3,221,283)     (10,441,050)
                                                      -------------    -------------
  Net decrease in Partners' capital                      (1,938,971)     (11,225,021)
Partners' capital, beginning of period                   80,499,049      117,508,532
                                                      -------------    -------------
Partners' capital, end of period                      $  78,560,078    $ 106,283,511
                                                      -------------    -------------
Net asset value per Unit
  (63,634.5374 and 82,254.9103 Units outstanding
  at March 31, 2001 and 2000, respectively)           $    1,234.55    $    1,292.12
                                                      -------------    -------------
Net income (loss) per Unit of Limited Partnership
  Interest and General Partner Unit equivalent        $       20.60    $      (10.97)
                                                      -------------    -------------
</TABLE>

See Notes to Financial Statements

                                        4

<PAGE>


                   Smith Barney Diversified Futures Fund L.P.
                          Notes to Financial Statements
                                 March 31, 2001
                                   (Unaudited)

1.     General:

     Smith Barney Diversified Futures Fund L.P. (the "Partnership") is a limited
partnership  organized  under the laws of the State of New York,  on August  13,
1993  to  engage  in the  speculative  trading  of a  diversified  portfolio  of
commodity interests including futures contracts,  options and forward contracts.
The  commodity  interests  that are traded by the  Partnership  are volatile and
involve  a high  degree  of  market  risk.  The  Partnership  commenced  trading
operations on January 12, 1994.

     Smith  Barney  Futures  Management  LLC acts as the  general  partner  (the
"General  Partner") of the Partnership.  The  Partnership's  commodity broker is
Salomon Smith Barney Inc.  ("SSB").  SSB is an affiliate of the General Partner.
The  General  Partner is wholly  owned by Salomon  Smith  Barney  Holdings  Inc.
("SSBHI"), which is the sole owner of SSB. SSBHI is a wholly owned subsidiary of
Citigroup  Inc. As of March 31,  2001,  all trading  decisions  are made for the
Partnership  by  Campbell  &  Company,  Inc.,  Willowbridge  Associates,   Inc.,
Stonebrook Capital Management,  Inc., Winton Capital Management,  Graham Capital
Management  L.P.  and  Dominion  Capital  Management,   Inc.  (collectively  the
"Advisors").   Effective  March  1,  2001,  Bridgewater  Associates,   Inc.  was
terminated  as an Advisor to the  Partnership.  Winton  Capital  Management  and
Graham Capital Management L.P. were added as Advisors on that same date.

     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 March  31,  2001 and  December  31,  2000 and the  results  of its
operations for the three months ended March 31, 2001 and 2000.  These  financial
statements  present  the  results  of  interim  period  and do not  include  all
disclosures  normally provided in annual financial  statements.  You should read
these  financial  statements  together 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, 2000.

     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>


                   Smith Barney Diversified Futures Fund L.P.
                          Notes to Financial Statements
                                 March 31, 2001
                                   (Unaudited)
                                   (Continued)

2.     Financial Highlights:

     Changes in net asset  value per Unit for the three  months  ended March 31,
2001 and 2000 were as follows:



<TABLE>
<CAPTION>
                                          THREE-MONTHS ENDED
                                              MARCH 31,
                                     -------------------------
                                         2001         2000
                                     -----------  -----------
<S>                                      <C>            <C>
Net realized and unrealized
 gains (losses)                      $   30.97     $ (13.43)
Interest income                          11.73        13.46
Expenses                                (22.10)      (11.00)
                                      ---------    ---------

Increase (decrease) for  period          20.60       (10.97)

Net Asset Value per Unit,
  beginning of period                 1,213.95     1,303.09
                                     ---------    ---------

Net Asset Value per Unit,
  end of period                     $ 1,234.55   $ 1,292.12
                                     =========    =========
</TABLE>


Total return                               1.7%
                                           ---
Ratio of expenses, including
 brokerage commissions, to average
 net assets*                               2.6%
                                           ---
Ratio of net income to average
 net assets*                               1.2%
                                           ---

*  Annualized


                                             6
<PAGE>


                   Smith Barney Diversified Futures Fund L.P.
                          Notes to Financial Statements
                                 March 31, 2001
                                   (Unaudited)
                                   (Continued)


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
activity are shown in the statement of income and expenses.

     The  Customer   Agreement   between  the  Partnership  and  SSB  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 average  fair value  during the three and twelve  months
ended March 31, 2001 and  December 31,  2000,  respectively,  based on a monthly
calculation,  were  $3,001,619 and $3,287,910,  respectively.  The fair value of
these commodity  interests,  including options thereon, if applicable,  at March
31, 2001 and December 31, 2000, was $4,663,133 and $4,215,703,  respectively, as
detailed below.



<TABLE>
<CAPTION>

                                   Fair Value
                           -----------------------------
                             March 31,     December 31,
                               2001           2000
                          ------------    -------------
<S>                           <C>             <C>
Currency:
 -  Exchange Traded$         1,267,448   $ 2,468,848
 -  OTC Contracts              628,247       (30,488)
Energy                        (18,914)       249,658
Grains                        721,063         70,445
Interest Rates U.S.           308,120        836,897
Interest Rates Non-U.S        295,891        405,108
Livestock                      88,129         42,390
Metals:
 - Exchange Traded            192,115          7,210
 - OTC Contracts              148,542       (12,525)
Softs                         570,330         45,386
Indices                       466,287        132,774
Lumber                         (4,125)          --
                           -----------    -----------
Total                     $ 4,663,133    $ 4,215,703
                          ===========     ===========
</TABLE>


                                   7
<PAGE>



                   Smith Barney Diversified Futures Fund L.P.
                          Notes to Financial Statements
                                 March 31, 2001
                                   (Unaudited)
                                   (Continued)

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
may  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, through physical delivery 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 as unrealized  appreciation  (depreciation) 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 SSB.




                                        8
<PAGE>

                   Smith Barney Diversified Futures Fund L.P.
                          Notes to Financial Statements
                                 March 31, 2001
                                   (Unaudited)
                                   (Continued)

     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 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.  The  majority of these  instruments  mature
within  one  year  of  March  31,  2001.  However,  due  to  the  nature  of the
Partnership's business, these instruments may not be held to maturity.


                                   9
<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, net  unrealized  appreciation  (depreciation)  on open futures and forward
contracts,  commodity options and interest receivable. 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
first quarter of 2001.

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

     For the three months ended March 31, 2001,  Partnership  capital  decreased
2.4% from  $80,499,049 to  $78,560,078.  This decrease was  attributable  to the
redemption of 2,682.6090 Units totaling $3,221,283 which was partially offset by
a net income from operations of $1,275,991 and additional  sales of 5.3306 Units
totaling $6,321.  Additional Units offered  represent a reduced brokerage fee to
existing limited partners  investing  $1,000,000 or more. 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  first  quarter of 2001,  the net asset value per
unit  increased  1.7% from  $1,213.95  to $1,234.55 as compared to a decrease of
0.8% in the first  quarter of 2000.  The  Partnership  experienced a net trading
gain before brokerage  commissions and related fees in the first quarter of 2001
of  $3,142,347.  Gains were primarily  attributable  to the trading of commodity
contracts in currencies,  grains,  softs, metals,  livestock,  U.S. and non-U.S.
interest  rates and indices and were partially  offset by losses in energy.  The
Partnership  experienced  a net trading gain before  brokerage  commissions  and
related  fees in the first  quarter of 2000 of  $725,946.  Gains were  primarily
attributable  to the trading of  commodity  futures in energy and U.S.  interest
rates and were  partially  offset by losses in  livestock,  metals,  currencies,
non-U.S. interest rates, indices and softs




                                   10
<PAGE>
     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 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 80% of the Partnership's daily equity maintained in cash
was earned on the monthly  average  30-day U.S.  Treasury  bill rate  determined
weekly by SSB based on the  non-competitive  yield on three month U.S.  Treasury
bills maturing in 30 days from the date in which such weekly rate is determined.
Interest income for the three months ended March 31, 2001 decreased by $408,878,
as compared to the corresponding period in 2000. The decrease in interest income
is primarily due to a decrease in interest  rates and the effect of  redemptions
on the  Partnership's  equity  maintained  in cash during the three months ended
March 31, 2001 as compared to 2000.

     Brokerage  commissions are calculated on the  Partnership's net asset value
as of 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 monthly net asset values. Commissions and fees for the three
months  ended  March  31,  2001  decreased  by  $552,230,  as  compared  to  the
corresponding period in 2000.

     Management  fees are  calculated  on the portion of the  Partnership's  net
asset value  allocated to each  Advisor at the end of the month and,  therefore,
are affected by trading  performance  and  redemptions.  Management fees for the
three  months ended March 31, 2001  decreased  by  $361,684,  as compared to the
corresponding  period in 2000  primarily due to a decrease in the management fee
rate in the fourth quarter of 2000.

     Incentive  fees are  based on the new  trading  profits  generated  by each
Advisor at the end of the quarter, as defined in the advisory agreements between
the Partnership,  the General Partner and each Advisor.  Trading performance for
the three months ended March 31, 2001  resulted in an incentive fee of $836,800.
There were no incentive fees earned for the three months ending March 31, 2000.

                                        11
<PAGE>


Item 3.  Quantitative and Qualitative Disclosures of Market Risk

     The  Partnership  is a speculative  commodity  pool.  The market  sensitive
instruments held by it are acquired for speculative trading purposes, and all or
substantially all of the Partnership's assets are subject to the risk of trading
loss. Unlike an operating company,  the risk of market sensitive  instruments is
integral, not incidental, to the Partnership's main line of business.

     Market movements result in frequent changes in the fair market value of the
Partnership's open positions and,  consequently,  in its earnings and cash flow.
The  Partnership's  market  risk is  influenced  by a wide  variety of  factors,
including the level and volatility of interest  rates,  exchange  rates,  equity
price  levels,  the market value of financial  instruments  and  contracts,  the
diversification effects among the Partnership's open positions and the liquidity
of the markets in which it trades.

     The  Partnership  rapidly  acquires  and  liquidates  both  long and  short
positions in a wide range of different markets. Consequently, it is not possible
to predict how a particular future market scenario will affect performance,  and
the Partnership's  past performance is not necessarily  indicative of its future
results.

     Value at Risk is a measure  of the  maximum  amount  which the  Partnership
could  reasonably  be expected to lose in a given market  sector.  However,  the
inherent uncertainty of the Partnership's speculative trading and the recurrence
in the markets  traded by the  Partnership  of market  movements  far  exceeding
expectations could result in actual trading or non-trading losses far beyond the
indicated Value at Risk or the Partnership's  experience to date (i.e., "risk of
ruin").  In  light  of the  foregoing  as well as the  risks  and  uncertainties
intrinsic  to all  future  projections,  the  inclusion  of  the  quantification
included in this section should not be considered to constitute any assurance or
representation  that the  Partnership's  losses  in any  market  sector  will be
limited to Value at Risk or by the  Partnership's  attempts to manage its market
risk.

     Exchange  maintenance margin requirements have been used by the Partnership
as the measure of its Value at Risk.  Maintenance margin requirements are set by
exchanges  to equal or exceed  the  maximum  losses  reasonably  expected  to be
incurred  in the fair value of any given  contract  in  95%-99%  of any  one-day
intervals.  Maintenance  margin  has been used  rather  than the more  generally
available  initial  margin,  because  initial  margin  includes  a  credit  risk
component, which is not relevant to Value at Risk.

                                   12
<PAGE>


     The following able indicates the trading Value at Risk  associated with the
Partnership's  open positions by market  category as of March 31, 2001. All open
position  trading  risk  exposures  of the  Partnership  have been  included  in
calculating the figures set forth below. As of March 31, 2001, the Partnership's
total capitalization was approximately  $78,560,078.  There has been no material
change in the trading Value at Risk information previously disclosed in the Form
10-K for the year ended December 31, 2000.

                                 March 31, 2001
                                   (Unaudited)
<TABLE>
<CAPTION>
<S>                                <C>          <C>         <C>          <C>

                                                               Year to Date
                                             % of Total       High         Low
Market Sector               Value at Risk  Capitalization      Value at Risk
--------------------------------------------------------------------------------

Currencies:
 - Exchange Traded Contracts   $1,322,256      1.68%$    1,322,256   $  865,895
 - OTC Contracts                1,828,788      2.33%     1,828,788       53,800

Energy                            788,500      1.00%     1,069,000      247,200
Grains                            433,822      0.55%       433,822        9,200
Interest Rates U.S.               645,263      0.82%     1,006,131      402,200
Interest Rates Non-U.S          2,175,922      2.77%     3,422,440      946,099
Livestock                         118,318      0.15%       155,700        3,600
Metals:
 - Exchange Traded Contracts      331,600      0.42%       331,600       63,000
 - OTC Contracts                  452,825      0.58%       452,825       24,450
Softs                             436,296      0.56%       436,296       28,700
Indices                         1,286,557      1.64%     2,253,832      611,865
Lumber                              2,850        - %         9,500        2,850
                               ----------     -----
Total                          $9,822,997     12.50%
                               ===========    ======
</TABLE>


                                   13
<PAGE>


                            PART II OTHER INFORMATION

Item 1.  Legal Proceedings - None

Item 2.   Changes in Securities and Use of Proceeds -

          Additional Units offered represent a reduced brokerage fee to existing
          limited  partners who invest  $1,000,000 or more. For the three months
          ended March 31,  2001,  there were  additional  sales of 5.3306  Units
          totaling $6,321. For the three months ended March 31, 2000, there were
          additional sales of 18.4910 Units totaling $24,393.

          Proceeds from the sale of additional  Units are used in the trading of
          commodity interest  including futures  contracts,  options and forward
          contracts.

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




                                        14
<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.

SMITH BARNEY DIVERSIFIED FUTURES FUND L.P.


By:        Smith Barney Futures Management LLC
           (General Partner)


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

Date:      5/11/01
           --------


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 LLC
           (General Partner)


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


Date:      5/11/01
           --------


By:       /s/ Daniel R. McAuliffe, Jr.
          -------------------------------------
          Daniel R. McAuliffe, Jr.
          Chief Financial Officer and
          Director

Date: 5/11/01

                              15