Exhibit10.17

June 15, 2005

John W. Henry & Company,Inc.

301 Yamato Road, Suite 2200

BocaRaton, Fl. 33431-4931

Attn: Mr. Ken Webster

Re: ManagementAgreement Renewals

Dear Mr. Webster:

We are writing with respect to your management agreementsconcerning the commodity pools to which reference is made below (the"Management Agreements"). We are extendingthe term of the Management Agreements through June 30, 2006 and allother provisions of the Management Agreements will remainunchanged.

|              |                               |
|--------------|-------------------------------|
| •  | Shearson Mid-WestFutures Fund |

|              |                                                 |
|--------------|-------------------------------------------------|
| •  | Shearson LehmanSelect Advisors Futures FundL.P. |

|              |                                           |
|--------------|-------------------------------------------|
| •  | Smith Barney Mid-WestFutures Fund L.P. II |

|              |                                        |
|--------------|----------------------------------------|
| •  | SmithBarney Westport Futures Fund L.P. |

|              |                                                 |
|--------------|-------------------------------------------------|
| •  | Hutton Investors Futures Fund,L.P. II (HIFF II) |

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

|              |           |
|--------------|-----------|
| •  | AURORAIII |

|              |                                        |
|--------------|----------------------------------------|
| •  | Citigroup DiversifiedFutures Fund L.P. |

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

|              |          |
|--------------|----------|
| •  | Alera100 |

|              |                                         |
|--------------|-----------------------------------------|
| •  | JWH Strategic AllocationMaster Fund LLC |

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Page 2June 15,2005

Please acknowledge receipt of this modification bysigning one copy of this letter and returning it to the attention ofMr. Daniel McAuliffe at the address above or fax to 212-793-1986. Ifyou have any questions I can be reached at 212-559-5043.

Very truly yours,

CITIGROUP MANAGED FUTURES LLC

By:   /s/ Daniel R. McAuliffe, Jr.

Daniel R. McAuliffe, Jr.

Chief Financial Officer & Director

JOHN W. HENRY & COMPANY, INC.

By:   /s/ KenWebster        

Print Name:    KenWebster        

DRMcA/sr

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Exhibit 10.17

June 15,2005

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 writing withrespect to your management agreements concerning the commodity pools towhich reference is made below (the "ManagementAgreements"). We are extending the term of the ManagementAgreements through June 30, 2006 and all other provisions of theManagement Agreements will remainunchanged.

|              |                                       |
|--------------|---------------------------------------|
| •  | Smith Barney PotomacFutures Fund L.P. |

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

|              |                                              |
|--------------|----------------------------------------------|
| •  | Smith Barney DiversifiedFutures Fund L.P. II |

|              |                                             |
|--------------|---------------------------------------------|
| •  | SmithBarney Global Markets Futures FundL.P. |

|              |                                                 |
|--------------|-------------------------------------------------|
| •  | Smith Barney GlobalDiversified Futures FundL.P. |

|              |                                                       |
|--------------|-------------------------------------------------------|
| •  | Salomon Smith BarneyDiversified 2000 Futures FundL.P. |

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

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

|              |                              |
|--------------|------------------------------|
| •  | CMF Campbell Master FundL.P. |

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Page 2June 15, 2005

Pleaseacknowledge receipt of this modification by signing one copy of thisletter and returning it to the attention of Mr. Daniel McAuliffe at theaddress above or fax to 212-793-1986. If you have any questions I canbe reached at 212-559-5043.

Very truly yours,

CITIGROUPMANAGED FUTURES LLC

By:   /s/ Daniel R.McAuliffe, Jr.

Daniel R. McAuliffe,Jr.        Chief Financial Officer & Director

CAMPBELL & COMPANY, INC.

By:   /s/ TheresaBecks        

Print Name:   TheresaBecks        

DRMcA/sr

----

Exhibit 10.17

June 15,2005

Aspect Capital Management Ltd.

Nations House – 8th Floor

103 Wigmore Street

London W1U 1QS, U.K.

Attention: Mr. Anthony Todd

Re:Management Agreement Renewals

Dear Mr. Todd:

We arewriting with respect to your management agreements concerning thecommodity pools to which reference is made below (the"Management Agreements"). We are extendingthe term of the Management Agreements through June 30, 2006 and allother provisions of the Management Agreements will remainunchanged.

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

|              |                                                       |
|--------------|-------------------------------------------------------|
| •  | Salomon Smith BarneyDiversified 2000 Futures FundL.P. |

|              |                                        |
|--------------|----------------------------------------|
| •  | Citigroup DiversifiedFutures Fund L.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 & Director

By:   /s/ Simon Rockall            

Print Name:    Simon Rockall        

DRMcA/sr

----

Exhibit 10.17

June 15,2005

Graham Capital Management, L.P. Rock LedgeFinancial Center 40 Highland Avenue Rowayton, CT 06853

Attention: Mr. Paul Sedlack

Re: ManagementAgreement Renewals

Dear Mr. Sedlack:

We are writing withrespect to your management agreements concerning the commodity pools towhich reference is made below (the "ManagementAgreements"). We are extending the term of the ManagementAgreements through June 30, 2006 and all other provisions of theManagement Agreements will remainunchanged.

|  |              |                                        |
|--|--------------|----------------------------------------|
|  | •  | SmithBarney Global Markets FuturesFund |

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

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

|  |              |                                                        |
|--|--------------|--------------------------------------------------------|
|  | •  | Salomon SmithBarney Diversified 2000 Futures Fund L.P. |

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

|  |              |           |
|--|--------------|-----------|
|  | •  | AURORAIII |

|  |              |                                                |
|--|--------------|------------------------------------------------|
|  | •  | Salomon SmithBarney Fairfield Futures FundL.P. |

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

|  |              |                                        |
|--|--------------|----------------------------------------|
|  | •  | CitigroupFairfield Futures Fund L.P.II |

|  |              |          |
|--|--------------|----------|
|  | •  | Alera100 |

|  |              |                    |
|--|--------------|--------------------|
|  | •  | Alera PortfolioSpc |

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June 15, 2005Page 2

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.         ChiefFinancial Officer & Director

By:   /s/ PaulSedlack

Print Name:    PaulSedlack        

DRMcA/sr

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