Exhibit10.17

June 11, 2004

Campbell &Company, Inc. Court Tower Building 210 West PennsylvaniaAvenue Suite 770 Towson, MD 21204

Attn: Ms.Terry Becks

Re:    Management AgreementRenewals

Dear Ms. Becks:

We are writingwith respect to your management agreements concerning the commoditypools to which reference is made below (the "ManagementAgreements"). We are extending the term of the ManagementAgreements through June 30, 2005 and all other provisions of theManagement Agreements will remainunchanged.

|  |              |                                      |
|--|--------------|--------------------------------------|
|  | •  | SmithBarney Potomac Futures FundL.P. |

|  |              |                                          |
|--|--------------|------------------------------------------|
|  | •  | Smith BarneyDiversified Futures FundL.P. |

|  |              |                                             |
|--|--------------|---------------------------------------------|
|  | •  | Smith BarneyDiversified Futures Fund L.P.II |

|  |              |                                             |
|--|--------------|---------------------------------------------|
|  | •  | Smith BarneyGlobal Markets Futures FundL.P. |

|  |              |                                                 |
|--|--------------|-------------------------------------------------|
|  | •  | Smith BarneyGlobal Diversified Futures FundL.P. |

|  |              |                                                       |
|--|--------------|-------------------------------------------------------|
|  | •  | Salomon SmithBarney Diversified 2000 Futures FundL.P. |

|  |              |                                                           |
|--|--------------|-----------------------------------------------------------|
|  | •  | Smith BarneyCampbell Financial, Metals and Energy Fundplc |

|  |              |            |
|--|--------------|------------|
|  | •  | AURORA2001 |

|  |              |            |
|--|--------------|------------|
|  | •  | AURORA III |

Please acknowledge receipt of this modification by signingone copy of this letter and returning it to the attention of Mr. DanielMcAuliffe at the address above or fax to 212-793-1986. If you have anyquestions I can be reached at 212-559-5043.

Very trulyyours,

CITIGROUP MANAGED FUTURES LLC

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

CAMPBELL & COMPANY, INC.

By: /s/ TheresaBecks

Print Name: Theresa Becks

DRMcA/sr

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Exhibit 10.17

June 11,2004

Aspect Capital Management Ltd. Nations House– 8th Floor 103 Wigmore Street London W1U1QS, U.K.

Attention: Mr. Anthony Todd

|  |            |                              |
|--|------------|------------------------------|
|  | Re:   | Management AgreementRenewals |

Dear Mr. Todd:

We are writingwith respect to your management agreements concerning the commoditypools to which reference is made below (the "ManagementAgreements"). We are extending the term of the ManagementAgreements through June 30, 2005 and all other provisions of theManagement Agreements will remainunchanged.

|  |              |                                                         |
|--|--------------|---------------------------------------------------------|
|  | •  | SalomonSmith Barney Global Diversified Futures FundL.P. |

|  |              |                                                       |
|--|--------------|-------------------------------------------------------|
|  | •  | Salomon SmithBarney Diversified 2000 Futures FundL.P. |

|  |              |                                       |
|--|--------------|---------------------------------------|
|  | •  | CitigroupDiversified Futures FundL.P. |

|  |              |           |
|--|--------------|-----------|
|  | •  | Alera 100 |

Please acknowledge receipt of this modification by signing one copyof this letter and returning it to the attention of Mr. DanielMcAuliffe at the address above or fax to 212-793-1986. If you have anyquestions I can be reached at 212-559-5043.

Very trulyyours,

CITIGROUP MANAGED FUTURES LLC

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

|           |                   |
|-----------|-------------------|
| By:  | /s/ Simon Rockall |

Print Name:Simon Rockall

DRMcA/sr

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