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 September 30, 2009
  OR ( ) TRANSITION REPORT PURSUANT SECTION 13 OR
    15(d)
    OF THE SECURITIES EXCHANGE ACT OF 1934
  
  0-53210
  ABINGDON FUTURES FUND L.P.
    New York

20-3845005(State or other jurisdiction of
    incorporation or organization)

(I.R.S. Employer
    Identification No.)   c/o Ceres
    Managed Futures LLC
 55 East
59th
Street -
    10th
    Floor
 New York, New York 10022
    (212) 559-2011
      Yes X  No
    Yes   No
  Rule 12b-2
  Large accelerated filer

Accelerated filer

Non-accelerated filerX

Smaller reporting company  rule 12b-2
  Yes   No X




---



##### 



ABINGDON FUTURES FUND L.P.
  FORM 10-Q
  INDEX
  PageNumberPART I - Financial Information:Item 1.


Financial Statements:Statements of Financial Condition
    at September 30, 2009 and December 31, 2008 (unaudited)

3Statements of Income and Expenses
    and Changes in Partners Capital for the three  and nine
    months ended September 30, 2009 and 2008
    (unaudited)

4Notes to Financial Statements, including the
    Financial
    Statements of CMF Winton Master L.P. 
    (unaudited)

5  15Item 2.


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

16  19Item 3.


Quantitative and Qualitative
    Disclosures about Market Risk

20  21Item 4.


Controls and Procedures

22PART II - Other Information

23  26Exhibits EX - 3.1(b)
    
    Certificate of Amendment to the Certificate of Limited PartnershipEX - 3.2
    
    Amended and Restated Limited Partnership AgreementEX - 10.4
    
    Form of Subscription AgreementEX - 10.5
    
    Form of Subscription AgreementEX - 31.1
    
    CertificationEX - 31.2
    
    CertificationEX - 32.1
    
    CertificationEX - 32.2
    
    Certification
  2




---



##### 



PART I  Item 1.
    Financial Statements  Abingdon Futures Fund L.P.
    Statements of Financial Condition
    (Unaudited) September
30,
    
    

December 31,2009
    
    
    2008Assets:Investment in Master, at fair value
    
    $
    125,585,451
    
    
    $
    119,196,221Cash
    
    
    247,919
    
    
    
    123,784Total assets
    
    $
    125,833,370
    
    
    $
    119,320,005Liabilities and Partners CapitalLiabilities:Accrued expenses:Brokerage commissions
    
    $
    471,875
    
    
    $
    447,450Management fees
    
    
    208,661
    
    
    
    197,963Administrative fees
    
    
    52,165
    
    
    
    49,491Incentive fees
    
    
    
    
    
    
    379,396Other
    
    
    165,106
    
    
    
    94,701Redemptions payable
    
    
    4,602,913
    
    
    
    3,406,004Total liabilities
    
    
    5,500,720
    
    
    
    4,575,005Partners Capital:General
Partner, 2,621.7839 Unit equivalent outstanding at September
30, 2009
and December 31, 2008, respectively
    
    
    2,821,328
    
    
    
    3,157,152Limited
Partners, 109,199.7021 and 92,665.2839 Redeemable Units of
Limited Partnership Interest outstanding at September 30, 2009
and December 31, 2008, respectively
    
    
    117,511,322
    
    
    
    111,587,848Total partners capital
    
    
    120,332,650
    
    
    
    114,745,000Total liabilities and partners capital
    
    $
    125,833,370
    
    
    $
    119,320,005
   3




---



##### 



Abingdon Futures Fund L.P.
    Statements of Income and Expenses and Changes in Partners Capital
    (Unaudited) Three Months
    
    
    Nine MonthsEnded September 30,
    
    
    Ended September 30,2009
    
    
    2008
    
    
    2009
    
    
    2008Income:Net realized gains (losses) on closed contracts allocated from Master
    
    $
    (1,895,240
    )
    
    $
    (3,844,998
    )
    
    $
    (9,062,306
    )
    
    $
    13,537,514Change in net unrealized gains (losses) on open contracts allocated from Master
    
    
    3,636,122
    
    
    
    (4,638,058
    )
    
    
    1,875,545
    
    
    
    (1,246,716
    )Interest income allocated from Master
    
    
    26,695
    
    
    
    327,381
    
    
    
    79,377
    
    
    
    1,091,768Expenses allocated from Master
    
    
    (25,913
    )
    
    
    (26,406
    )
    
    
    (66,971
    )
    
    
    (93,017
    )Total income (loss)
    
    
    1,741,664
    
    
    
    (8,182,081
    )
    
    
    (7,174,355
    )
    
    
    13,289,549Expenses:Brokerage commissions
    
    
    1,381,164
    
    
    
    1,233,219
    
    
    
    4,176,129
    
    
    
    3,749,387Management fees
    
    
    610,767
    
    
    
    545,901
    
    
    
    1,846,815
    
    
    
    1,659,667Administrative fees
    
    
    152,691
    
    
    
    136,475
    
    
    
    461,702
    
    
    
    414,917Incentive fees
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    3,341,970Other
    
    
    84,562
    
    
    
    108,736
    
    
    
    310,764
    
    
    
    199,725Total expenses
    
    
    2,229,184
    
    
    
    2,024,331
    
    
    
    6,795,410
    
    
    
    9,365,666Net income (loss)
    
    
    (487,520
    )
    
    
    (10,206,412
    )
    
    
    (13,969,765
    )
    
    
    3,923,883Additions  Limited Partners
    
    
    8,827,000
    
    
    
    14,037,000
    
    
    
    48,062,000
    
    
    
    54,864,000Additions  General Partner
    
    
    
    
    
    
    1,000,000
    
    
    
    
    
    
    
    1,000,000Redemptions  Limited Partners
    
    
    (8,045,921
    )
    
    
    (8,814,740
    )
    
    
    (28,504,585
    )
    
    
    (42,109,485
    )Net increase (decrease) in Partners Capital
    
    
    293,559
    
    
    
    (3,984,152
    )
    
    
    5,587,650
    
    
    
    17,678,398Partners Capital, beginning of period
    
    
    120,039,091
    
    
    
    112,357,566
    
    
    
    114,745,000
    
    
    
    90,695,016Partners Capital, end of period
    
    $
    120,332,650
    
    
    $
    108,373,414
    
    
    $
    120,332,650
    
    
    $
    108,373,414Net Asset value per Unit
(111,821.4860 and 99,880.4225 Units
outstanding at September 30, 2009 and 2008, respectively)
    
    $
    1,076.11
    
    
    $
    1,085.03
    
    
    $
    1,076.11
    
    
    $
    1,085.03Net income (loss) per Redeemable Unit of Limited Partnership Interest and
General Partner Unit equivalent
    
    $
    (4.76
    )
    
    $
    (104.91
    )
    
    $
    (128.09
    )
    
    $
    42.60Weighted average units outstanding
    
    
    114,658.8977
    
    
    
    96,613.5592
    
    
    
    109,928.3141
    
    
    
    95,500.6747
   4




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##### 



Abingdon Futures Fund L.P.Notes to Financial Statements
September 30, 2009
    (Unaudited)
  1.
    General:       master/feeder
                   5




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##### 



Abingdon Futures Fund L.P.
    Notes to Financial Statements
  September 30, 2009
    (Unaudited)
    CMF
    Winton Master L.P.
    Statements of Financial Condition
    (Unaudited)
 September 30,
    
    
    December 31,2009
    
    
    2008Assets:Equity in trading account:Cash
    
    $
    467,215,840
    
    
    $
    512,248,576Cash margin
    
    
    41,093,640
    
    
    
    26,405,684Net unrealized appreciation on open futures contracts
    
    
    16,429,393
    
    
    
    6,936,356Net unrealized appreciation on open forward contracts
    
    
    
    
    
    
    2,179,569Options
owned, at fair value (cost $25,675 at September 30, 2009)
    
    
    16,735
    
    
    
    Total assets
    
    $
    524,755,608
    
    
    $
    547,770,185Liabilities and Partners Capital:Liabilities:Net unrealized depreciation on open forward contracts
    
    $
    382,321
    
    
    $
    Options
written, at fair value (premium $59,725 at September 30, 2009)
    
    
    48,410
    
    
    
    Accrued expenses:Professional fees
    
    
    11,853
    
    
    
    18,642Total liabilities
    
    
    442,584
    
    
    
    18,642Partners Capital:General Partner, 0.0000 Unit equivalents at September 30, 2009
and December 31, 2008
    
    
    
    
    
    
    Limited
Partners Capital, 274,881.5114 and 270,994.4921 Redeemable
Units of Limited Partnership Interest outstanding at September 30, 2009
and December 31, 2008, respectively
    
    
    524,313,024
    
    
    
    547,751,543Total liabilities and partners capital
    
    $
    524,755,608
    
    
    $
    547,770,185
 6




---



##### 



Abingdon Futures Fund L.P.
    Notes to Financial Statements
    September 30, 2009
    (Unaudited)
 CMF Winton Master L.P.
Schedule of Investments
    September 30, 2009  (Unaudited)
 Number of
    
    
    
    
    
    
    % of PartnersContracts
    
    
    Fair Value
    
    
    CapitalFutures Contracts PurchasedCurrencies
    
    
    2,738
    
    
    $
    6,372,869
    
    
    
    1.22
    %Energy
    
    
    20
    
    
    
    11,042
    
    
    
    0.00
    *Grains
    
    
    144
    
    
    
    (278,270
    )
    
    
    (0.05
    )Indices
    
    
    1,969
    
    
    
    300,580
    
    
    
    0.06Interest Rates U.S.
    
    
    4,174
    
    
    
    4,059,958
    
    
    
    0.77Interest Rates Non-U.S.
    
    
    5,988
    
    
    
    4,107,338
    
    
    
    0.78Livestock
    
    
    36
    
    
    
    (3,190
    )
    
    
    (0.00)
    *Metals
    
    
    561
    
    
    
    2,384,755
    
    
    
    0.45Softs
    
    
    66
    
    
    
    38,195
    
    
    
    0.01Total futures contracts purchased
    
    
    
    
    
    
    16,993,277
    
    
    
    3.24Futures Contracts SoldCurrencies
    
    
    139
    
    
    
    (65,988
    )
    
    
    (0.01
    )Energy
    
    
    254
    
    
    
    (765,078
    )
    
    
    (0.15
    )Grains
    
    
    912
    
    
    
    518,829
    
    
    
    0.10Indices
    
    
    21
    
    
    
    48,794
    
    
    
    0.01Interest
Rates Non-U.S.
    
    
    78
    
    
    
    38,263
    
    
    
    0.01Livestock
    
    
    88
    
    
    
    37,758
    
    
    
    0.01Softs
    
    
    157
    
    
    
    (376,462
    )
    
    
    (0.07
    )Total futures contracts sold
    
    
    
    
    
    
    (563,884
    )
    
    
    (0.10
    )Unrealized Appreciation on Open Forward ContractsMetals
    
    
    82
    
    
    
    218,361
    
    
    
    0.04Total unrealized appreciation on open forward contracts
    
    
    
    
    
    
    218,361
    
    
    
    0.04Unrealized Depreciation on Open Forward ContractsMetals
    
    
    129
    
    
    
    (600,682
    )
    
    
    (0.12
    )Total unrealized depreciation on open forward contracts
    
    
    
    
    
    
    (600,682
    )
    
    
    (0.12
    )Options OwnedPutsIndices
    
    
    49
    
    
    
    16,735
    
    
    
    0.01Total options owned
    
    
    
    
    
    
    16,735
    
    
    
    0.01Options WrittenPutsIndices
    
    
    49
    
    
    
    (48,410
    )
    
    
    (0.01
    )Total options written
    
    
    
    
    
    
    (48,410
    )
    
    
    (0.01
    )Total fair value
    
    
    
    
    
    $
    16,015,397
    
    
    
    3.06
    %
 
 *
    
    Due to rounding.
 7




---



##### 



Abingdon Futures Fund L.P.
    Notes to Financial Statements
    September 30, 2009
    (Unaudited)
  CMF Winton Master
    L.P.
 Schedule of
    Investments
    December 31, 2008  (Unaudited)
   Number of





% of PartnersContracts


Fair Value


CapitalFutures Contracts PurchasedCurrencies


496


$
928,233



0.17
%Indices


5



1,935



0.00
*Interest Rates U.S.


2,417



4,977,464



0.91Interest Rates Non-U.S.


4,453



6,479,517



1.18Livestock


30



30,960



0.01Softs


97



218,297



0.04Total futures contracts purchased






12,636,406



2.31Futures Contracts SoldCurrencies


896



(3,144,184
)


(0.57
)Energy


208



727,901



0.13Grains


891



(2,623,430
)


(0.48
)Indices


252



(239,475
)


(0.05
)Interest Rates U.S.


58



(13,766
)


(0.00
)*Livestock


71



86,500



0.02Lumber


1



3,806



0.00
*Metals


90



(478,272
)


(0.09
)Softs


426



(19,130
)


(0.00
)*Total futures contracts sold






(5,700,050
)


(1.04
)Unrealized Appreciation on Open Forward ContractsMetals


276



2,996,261



0.55Total unrealized appreciation on open forward contracts






2,996,261



0.55Unrealized Depreciation on Open Forward ContractsMetals


138



(816,692
)


(0.15
)Total unrealized depreciation on open forward contracts






(816,692
)


(0.15
)Total fair value





$
9,115,925



1.67
% 
    8




---



##### 



Abingdon Futures Fund L.P.
    Notes to Financial Statements
    September 30, 2009
    (Unaudited)
  CMF
    Winton Master L.P.
    Statements of Income and Expenses and Changes in Partners Capital
    (Unaudited)
 Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2009
    
    
    2008
    
    
    2009
    
    
    2008Income:Net gains (losses) on trading of commodity interests:Net realized gains (losses) on closed contracts
    
    
    (7,818,170
    )
    
    
    (17,267,563
    )
    
    
    (36,243,688
    )
    
    
    65,800,861Change in net unrealized gains (losses) on open contracts
    
    
    15,140,518
    
    
    
    (21,966,396
    )
    
    
    6,933,522
    
    
    
    (6,689,482
    )Gain (loss) from trading, net
    
    
    7,322,348
    
    
    
    (39,233,959
    )
    
    
    (29,310,166
    )
    
    
    59,111,379Interest
income
    
    
    124,689
    
    
    
    1,660,232
    
    
    
    373,952
    
    
    
    5,729,763Total income
(loss)
    
    
    7,447,037
    
    
    
    (37,573,727
    )
    
    
    (28,936,214
    )
    
    
    64,841,142Expenses:Clearing fees
    
    
    99,035
    
    
    
    109,801
    
    
    
    253,440
    
    
    
    409,472Professional fees
    
    
    8,728
    
    
    
    9,267
    
    
    
    27,410
    
    
    
    26,598Total expenses
    
    
    107,763
    
    
    
    119,068
    
    
    
    280,850
    
    
    
    436,070Net income (loss)
    
    
    7,339,274
    
    
    
    (37,692,795
    )
    
    
    (29,217,064
    )
    
    
    64,405,072Additions  Limited Partners
    
    
    60,412,948
    
    
    
    41,384,712
    
    
    
    190,738,991
    
    
    
    113,225,126Redemptions  Limited Partners
    
    
    (40,126,283
    )
    
    
    (79,547,378
    )
    
    
    (184,586,494
    )
    
    
    (140,035,467
    )Distribution
of interest income to feeder funds
    
    
    (124,689
    )
    
    
    (1,660,232
    )
    
    
    (373,952
    )
    
    
    (5,729,763
    )Net increase (decrease) in Partners Capital
    
    
    27,501,250
    
    
    
    (77,515,693
    )
    
    
    (23,438,519
    )
    
    
    31,864,968Partners Capital, beginning of period
    
    
    496,811,774
    
    
    
    566,425,794
    
    
    
    547,751,543
    
    
    
    457,045,133Partners Capital, end of period
    
    
    524,313,024
    
    
    
    488,910,101
    
    
    
    524,313,024
    
    
    
    488,910,101Net Asset Value per Redeemable Unit
(274,881.5114 and 274,546.6529 Redeemable Units outstanding
at September 30, 2009 and 2008, respectively)
    
    $
    1,907.41
    
    
    $
    1,780.79
    
    
    $
    1,907.41
    
    
    $
    1,780.79Net income (loss) per Redeemable Unit of Limited Partnership
Interest
    
    $
    26.25
    
    
    $
    (136.12
    )
    
    $
    (112.46
    )
    
    $
    212.39Weighted average units outstanding
    
    
    279,170.7223
    
    
    
    290,538.2465
    
    
    
    279,196.2744
    
    
    
    296,352.6745
 9




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##### 



Abingdon Futures Fund L.P.
    Notes to Financial Statements
September 30, 2009
    (Unaudited)
  2.
    Financial
    Highlights:   Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2009
    
    
    2008
    
    
    2009
    
    
    2008Net realized and unrealized gains (losses) allocated from Master*

    $
    2.42
    
    
    $
    (100.22
    )
    
    $
    (104.79
    )
    
    $
    89.68Interest income allocated from Master

    
    0.24
    
    
    
    3.31
    
    
    
    0.73
    
    
    
    11.28Expenses**

    
    (7.42
    )
    
    
    (8.00
    )
    
    
    (24.03
    )
    
    
    (58.36
    )Increase (decrease) for the period

    
    (4.76
    )
    
    
    (104.91
    )
    
    
    (128.09
    )
    
    
    42.60Net Asset Value per Redeemable Unit, beginning of period

    
    1,080.87
    
    
    
    1,189.94
    
    
    
    1,204.20
    
    
    
    1,042.43Net Asset Value per Redeemable Unit, end of period

    
    1,076.11
    
    
    
    1,085.03
    
    
    
    1,076.11
    
    
    
    1,085.03Redemption/subscription value per Redeemable Unit versus Net Asset
 Value per Redeemable Unit

    
    
    
    
    
    0.19
    
    
    
    
    
    
    
    0.19Redemption/subscription value per Redeemable Unit, end of
 period ***

    $
    1,076.11
    
    
    $
    1,085.22
    
    
    $
    1,076.11
    
    
    $
    1,085.22*      Includes Partnership brokerage commissions and expenses
    allocated from the Master.



**    Excludes Partnership brokerage commissions and expenses
    allocated from the Master.*** For the purpose of a redemption/subscription, any remaining
    accrued liability for reimbursement of offering and organization
    costs will not reduce redemption/subscription net asset value
    per redeemable unit.Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2009
    
    
    2008
    
    
    2009
    
    
    2008Ratio to average net assets:****Net investment
income (loss) before incentive fees*****
    
    
    (7.4
    )%
    
    
    (6.4
    )%
    
    
    (7.6
    )%
    
    
    (6.5
    )%Operating expenses

    
    7.5
    %
    
    
    7.6
    %
    
    
    7.7
    %
    
    
    7.9
    %Incentive fees

    
    
    %
    
    
    
    %
    
    
    
    %
    
    
    3.2
    %Total expenses

    
    7.5
    %
    
    
    7.6
    %
    
    
    7.7
    %
    
    
    11.1
    %Total return:Total return before incentive fees

    
    (0.4
    )%
    
    
    (8.8
    )%
    
    
    (10.6
    )%
    
    
    7.3
    %Incentive fees

    
    
    %
    
    
    
    %
    
    
    
    %
    
    
    (3.2
    )%Total return after incentive fees

    
    (0.4
    )%
    
    
    (8.8
    )%
    
    
    (10.6
    )%
    
    
    4.1
    %   ****
    
    Annualized (other than incentive fee).*****
    
    Interest income allocated from Master less total expenses.   10




---



##### 



Abingdon Futures Fund L.P.
    Notes to Financial Statements
September 30, 2009
    (Unaudited)
     Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2009
    
    
    2008
    
    
    2009
    
    
    2008Net realized and unrealized gains (losses)*

    $
    25.82
    
    
    $
    (142.08
    )
    
    $
    (113.76
    )
    
    $
    192.62Interest income

    
    0.46
    
    
    
    6.00
    
    
    
    1.39
    
    
    
    19.86Expenses **

    
    (0.03
    )
    
    
    (0.04
    )
    
    
    (0.09
    )
    
    
    (0.09
    )Increase (decrease) for income the period

    
    26.25
    
    
    
    (136.12
    )
    
    
    (112.46
    )
    
    
    212.39Distribution of interest income to feeder funds

    
    (0.46
    )
    
    
    (6.00
    )
    
    
    (1.39
    )
    
    
    (19.86
    )Net Asset Value per Redeemable Unit, beginning of period

    
    1,881.62
    
    
    
    1,922.91
    
    
    
    2,021.26
    
    
    
    1,588.26Net Asset Value per Redeemable Unit, end of period

    $
    1,907.41
    
    
    $
    1,780.79
    
    
    $
    1,907.41
    
    
    $
    1,780.79*   Includes clearing fees.** Excludes clearing fees.Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2009
    
    
    2008
    
    
    2009
    
    
    2008Ratios to average net assets:***Net investment income (loss)****
    
    
    0.0
    %*****
    
    
    1.2
    %
    
    
    0.0
    %*****
    
    
    1.4
    %Operating expense
    
    
    0.1
    %
    
    
    0.1
    %
    
    
    0.1
    %
    
    
    0.1
    %Total return
    
    
    1.4
    %
    
    
    (7.1
    )%
    
    
    (5.6
    )%
    
    
    13.4
    %   ***
    
    Annualized.****
    
    Interest income less total expenses.*****
    
    Due to rounding.    3.
    Trading
    Activities:       11




---



##### 







Abingdon Futures Fund L.P.
    Notes to Financial Statements
    September 30, 2009
    (Unaudited)














September 30, 2009
    
    
    
    

September 30, 2009Assets
    
    
    
    
    
    AssetsFutures Contracts
    
    
    
    
    
    Forward ContractsCurrencies
    
    $
    6,789,273
    
    
    Metals
    

    $
    218,361Energy
    
    
    73,115
    
    
    Total unrealized appreciation on open forward contracts
    
    $
    218,361Grains
    
    
    822,771Indices
    
    
    771,619
    
    
    LiabilitiesInterest Rates U.S.
    
    
    4,067,979
    
    
    Forward ContractsInterest Rates Non-U.S.
    
    
    4,191,133
    
    
    Metals
    
    $
    (600,682
)Livestock
    
    
    52,622
    
    
    Total unrealized depreciation on open forward contracts
    
    $
    (600,682
)Metals
    
    
    2,476,480Softs
    
    
    77,916
    
    
    Net unrealized depreciation on open forward contracts
    
    $
    (382,321
 )**Total unrealized appreciation on open futures contracts
    
    $
    19,322,908LiabilitiesFutures Contracts
    
    
    
    
    
    AssetsCurrencies
    
    $
    (482,391
    )
    
    Options OwnedEnergy
    
    
    (827,152
    )
    
    Indices
    
    $
    16,735Grains
    
    
    (582,212
    )
    
    Total options owned
    
    $
    16,735
***Indices
    
    
    (422,245
    )Interest Rates U.S.
    
    
    (8,020
    )
    
    LiabilitiesInterest Rates Non-U.S.
    
    
    (45,532
    )
    
    Options WrittenLivestock
    
    
    (18,055
    )
    
    Indices
    
    $
    (48,410
    )Metals
    
    
    (91,725
    )
    
    Total options written
    
    $
    (48,410
)****Softs
    
    
    (416,183
    )Total unrealized depreciation on open futures contracts
    
    $
    (2,893,515
    )Net
unrealized appreciation on open futures contracts
    
    $
    16,429,393
    *





|     |  |                                                                                                                             
|---- |  | ----------------------------------------------------------------------------------------------------------------------------
|*    |  | This amount is included in Net unrealized appreciation on open futures contracts on the Statements of Financial Condition.
|    
|**   |  | This amount is included in Net unrealized depreciation on open forward contracts on the Statements of Financial Condition.
|    
|***  |  | This amount is included in Options owned, at fair value on the Statements of Financial Condition.                         
|    
|**** |  | This amount is included in Options written, at fair value on the Statements of Financial Condition.                       

12



---



##### 





Abingdon Futures Fund L.P.
    Notes to Financial Statements
September 30, 2009
    (Unaudited)




Three Months Ended
    
    
    Nine Months EndedSeptember 30, 2009
    
    
    September 30, 2009Sector
    
    Gain (loss) from trading
    
    
    Gain (loss) from tradingCurrencies
    
    $
    7,154,195
    
    
    $
    (860,139
    )Energy
    
    
    (3,131,070
    )
    
    
    (5,955,585
    )Grains
    
    
    15,843
    
    
    
    3,595,168Indices
    
    
    (7,377,972
    )
    
    
    (17,043,647
    )Interest Rates U.S.
    
    
    3,241,481
    
    
    
    (3,648,606
    )Interest Rates Non-U.S.
    
    
    5,938,051
    
    
    
    (862,634
    )Livestock
    
    
    348,748
    
    
    
    1,016,361Softs
    
    
    (401,406
    )
    
    
    (856,499
    )Lumber
    
    
    
    
    
    
    (4,378
    )Metals
    
    
    1,534,478
    
    
    
    (4,690,207
    )Total
    
    $
    7,322,348
    
    
    $
    (29,310,166
    )


4.  Fair
    Value Measurements
:


| |                                                                                                                                                                                                                                                                                          
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Investments.  The Partnership values its
    investment in the Master at its net asset value per unit as
    calculated by the Master. The Master values its investments as
    described in note 2 of the Masters notes to the
    annual financial statements as of December 31, 2008.



Fair Value Measurements.








|                     |  |           |             |  |                   |   |   |                   |  |   |                  |  |  |   |   | 
|-------------------- |  | --------- | ----------- |  | ----------------- | - | - | ----------------- |  | - | ---------------- |  |  | - | - | 
|                     |  |           |             |  | Quoted Prices     |   |   |                   |  |   |                  | 
|                     |  |           |             |  | in Active Markets |   |   | Significant Other |  |   | Significant      | 
|                     |  |           |             |  | for Identical     |   |   | Observable Inputs |  |   | Unobservable     | 
|                     |  | 9/30/2009 |             |  | Assets (Level 1)  |   |   | (Level 2)         |  |   | Inputs (Level 3) | 
|                    
|Assets               |  |           |             |  |                   |   |   |                   |  |   |                  |  |  |   |   | 
|Investment in Master |  | $         | 125,585,451 |  |                   | $ |  |                   |  | $ | 125,585,451      |  |  | $ |  | 
|                     |  |           |             |  |                   |   |   |                   |  |   |                  |  |  |   |   | 
|Total fair value     |  | $         | 125,585,451 |  |                   | $ |  |                   |  | $ | 125,585,451      |  |  | $ |  | 
|                     |  |           |             |  |                   |   |   |                   |  |   |                  |  |  |   |   | 



|                     |  |            |             |  |                   |   |   |                   |  |   |                  |  |  |   |   | 
|-------------------- |  | ---------- | ----------- |  | ----------------- | - | - | ----------------- |  | - | ---------------- |  |  | - | - | 
|                     |  |            |             |  | Quoted Prices     |   |   |                   |  |   |                  | 
|                     |  |            |             |  | in Active Markets |   |   | Significant Other |  |   | Significant      | 
|                     |  |            |             |  | for Identical     |   |   | Observable Inputs |  |   | Unobservable     | 
|                     |  | 12/31/2008 |             |  | Assets (Level 1)  |   |   | (Level 2)         |  |   | Inputs (Level 3) | 
|                    
|Assets               |  |            |             |  |                   |   |   |                   |  |   |                  |  |  |   |   | 
|Investment in Master |  | $          | 119,196,221 |  |                   | $ |  |                   |  | $ | 119,196,221      |  |  | $ |  | 
|                     |  |            |             |  |                   |   |   |                   |  |   |                  |  |  |   |   | 
|Total fair value     |  | $          | 119,196,221 |  |                   | $ |  |                   |  | $ | 119,196,221      |  |  | $ |  | 
|                     |  |            |             |  |                   |   |   |                   |  |   |                  |  |  |   |   | 





13



---



##### 



Abingdon Futures Fund L.P.
    Notes to Financial Statements
September 30, 2009
    (Unaudited)
  Investments.
  Fair Value Measurements. ASC 820-10
   Quoted Prices in
    
    
    
    
    
    
    SignificantActive Markets for
    
    
    Significant Other
    
    
    UnobservableIdentical sets
    
    
    Observable Inputs
    
    
    Inputs9/30/2009
    
    
    (Level 1)
    
    
    (Level 2)
    
    
    (Level 3)AssetsFutures
    
    $
    16,429,393
    
    
    $
    16,429,393
    
    
    $
    
    
    
    $
    Options owned
    
    
    16,735
    
    
    
    16,735
    
    
    
    
    
    
    
    Total assets
    
    
    16,446,128
    
    
    
    16,446,128
    
    
    
    
    
    
    
    LiabilitiesForwards
    
    
    382,321
    
    
    
    382,321
    
    
    
    
    
    
    
    Options written
    
    
    48,410
    
    
    
    48,410
    
    
    
    
    
    
    
    Total liabilities
    
    
    430,731
    
    
    
    430,731
    
    
    
    
    
    
    
    Total fair value
    
    $
    16,015,397
    
    
    $
    16,015,397
    
    
    $
    
    
    
    $
    
 Quoted Prices in
    
    
    
    
    
    
    SignificantActive Markets for
    
    
    Significant Other
    
    
    UnobservableIdentical Assets
    
    
    Observable Inputs
    
    
    Inputs12/31/2008
    
    
    (Level 1)
    
    
    (Level 2)
    
    
    (Level 3)AssetsFutures
    
    $
    6,936,356
    
    
    $
    6,936,356
    
    
    $
    
    
    
    $
    Forwards
    
    
    2,179,569
    
    
    
    2,179,569
    
    
    
    
    
    
    
    Total assets
    
    
    9,115,925
    
    
    
    9,115,925
    
    
    
    
    
    
    
    Total fair value
    
    $
    9,115,925
    
    
    $
    9,115,925
    
    
    $
    
    
    
    $
    
 14




---



##### 



Abingdon Futures Fund L.P.
    Notes to Financial Statements
September 30, 2009
    (Unaudited)
  5.  Financial
    Instrument Risks:
   over-the-counter
           15




---



##### 



Item 2.
    Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations.  Liquidity
    and Capital Resources
            Critical
    Accounting Policies
 Use of Estimates.
 Statement
of Cash Flows.
 Investments.
 Fair Value
Measurements.
 16




---



##### 



Futures Contracts.
 London Metals
Exchange Forward Contracts.
 Options.
 Income Taxes.
   17




---



##### 



Recent Accounting Pronouncements.
 Subsequent Events.
 Results
    of Operations
          30-day 3-month and/or 90-day
 18




---



##### 



19




---



##### 



Item 3.
    Quantitative
    and Qualitative Disclosures about Market Risk            one-day
 20




---



##### 



10-K
  September 30, 2009(Unaudited)
 Three Months ended September 30, 2009% of Total
    
    
    High
    
    
    Low
    
    
    AverageMarket Sector
    
    Value at Risk
    
    
    Capitalization
    
    
    Value at Risk
    
    
    Value at Risk
    
    
    Value at Risk*Currencies
    
    $
    9,333,591
    
    
    
    1.78
    %
    
    $
    10,700,900
    
    
    $
    8,478,938
    
    
    $
    9,504,427Energy
    
    
    1,240,349
    
    
    
    0.24
    %
    
    
    2,549,525
    
    
    
    703,862
    
    
    
    1,440,952Grains
    
    
    1,718,287
    
    
    
    0.33
    %
    
    
    1,718,287
    
    
    
    1,133,559
    
    
    
    1,432,359Interest Rates U.S.
    
    
    6,173,010
    
    
    
    1.18
    %
    
    
    6,518,610
    
    
    
    2,078,339
    
    
    
    4,522,123Interest Rates Non-U.S.
    
    
    10,044,891
    
    
    
    1.92
    %
    
    
    11,661,822
    
    
    
    4,837,528
    
    
    
    7,726,635Livestock
    
    
    111,186
    
    
    
    0.02
    %
    
    
    227,651
    
    
    
    102,533
    
    
    
    161,785Metals
    
    
    3,879,776
    
    
    
    0.74
    %
    
    
    3,998,291
    
    
    
    1,589,099
    
    
    
    2,918,296Softs
    
    
    585,138
    
    
    
    0.11
    %
    
    
    1,035,185
    
    
    
    385,375
    
    
    
    606,465Indices
    
    
    10,676,526
    
    
    
    2.04
    %
    
    
    10,676,526
    
    
    
    1,905,983
    
    
    
    5,639,298Total
    
    $
    43,762,754
    
    
    
    8.36
    %
   *
    
    Average of month-end Values at Risk.
 21




---



##### 



Item 4.
    Controls
    and Procedures      Rules 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 GAAP, 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.   22




---



##### 



PART II.
    OTHER INFORMATION  Item 1.
    Legal
    Proceedings  Subprime Mortgage-Related Litigation
 Asher, et al. v. Citigroup Inc., et al. Pellegrini v. Citigroup Inc.,
et al. In re Citigroup Inc. Bond Litigation
 Utah Retirement Systems v. Strauss, et al.
 In Re American Home Mortgage Securities Litigation
 In Re American International Group, Inc. 2008 Securities
Litigation
 Auction Rate SecuritiesRelated Litigation and Other Matters
 K-V Pharmaceutical Co. v. CGMI In Re Citigroup Auction Rate Securities Litigation
 In Re Citigroup Auction Rate Securities Litigation
 Ocwen Financial
Corp., et al. v. CGMI In Re Citigroup Auction Rate Securities Litigation
 Other Matters
 ECA
Acquisitions, Inc., et al. v. MAT Three LLC, et al.
 Adelphia Communications Corporation
  IPO Securities Litigation
  Other Matters
 Terra Securities Asa
Konkursbo, et al. v. Citigroup Inc., et al
 23




---



##### 



Item 1A.
    Risk
    Factors    Speculative position and trading limits may reduce
profitability.
  Regulatory changes could restrict the Partnerships operations.
  Item 2.
    Unregistered
    Sales of Equity Securities and Use of Proceeds        (d) Maximum Number(or Approximate(c) Total Number


Dollar Value) of(a) Total





of Redeemable Units


Redeemable Units thatNumber of


(b) Average


Purchased as Part


May Yet BeRedeemable


Price Paid per


of Publicly Announced


Purchased Under thePeriod


Units Purchased*


Redeemable Unit**


Plans or Programs


Plans or ProgramsJuly 1, 2009 - 
July 31, 2009



2,399.2718



$
1,057.80




N/A




N/AAugust 1, 2009 - 
August 31, 2009



857.6471



$
1,055.28




N/A




N/ASeptember 1, 2009 - 
September 30, 2009



4,277.3628



$
1,076.11




N/A




N/A7,534.2817



$
1,067.91       Item 3.
    Defaults
    Upon Senior Securities  None  Item 4.
    Submission
    of Matters to a Vote of Security Holders 
    None  Item 5.
    Other
    Information  None 24




---



##### 



Item 6.
    Exhibits  3.1
    (a)
    
    Certificate of Limited Partnership of the Partnership as
filed in the office of the Secretary of State of the State
of New York, dated November 1, 2005 (filed as Exhibit 3.1
to the Registration on Form 10-12G filed on April 30, 2008
and incorporated herein by reference).(b)
    
    Certificate of Amendment to the Certificate of Limited Partnership as filed in the
office of the Secretary of State of the State of New York, dated September 19, 2008 (filed
herewith).(c)
    
    Certificate of Amendment to the Certificate of Limited Partnership as filed in the
office of the Secretary of State of the State of New York, dated September 28, 2009 (filed
as Exhibit 99.1 to the Form 8-K filed on September 29, 2009 and incorporated herein by
reference).3.2
    
    
    Amended and Restated Limited Partnership Agreement, dated June 30, 2009 (filed herewith).10.1
    
    
    Customer Agreement between the Partnership, Citigroup Managed Futures LLC and Citigroup
Global Markets Inc., dated April 29, 2008 (filed as Exhibit 10.2 to the Registration on Form
10-12G filed on April 30, 2008 and incorporated herein by reference).10.2
    (a)
    
    Management Agreement among the Partnership, Citigroup Managed Futures LLC and Winton
Capital Management Limited, dated November 21, 2006 (filed as Exhibit 10.1 to the Registration
on Form 10-12G filed on April 30, 2008 and incorporated herein by reference).(b)
    
    Letter from the General Partner extending Management Agreement with Winton Capital
Management Limited for 2009, dated June 5, 2008 (filed as Exhibit 10.14 to the Form 10-K
filed on March 31, 2009 and incorporated herein by reference).10.3
    
    
    Agency Agreement between the Partnership, Citigroup Managed Futures LLC and Citigroup Global
Markets Inc., dated May 27, 2007 (filed as Exhibit 10.3 to the Registration on Form 10-12G
filed on April 30, 2008 and incorporated herein by reference).10.4
    
    
    Form of Subscription Agreement Credit Suisse Securities LLC (filed herewith).10.5
    
    
    Form of Subscription Agreement Morgan Stanley Smith Barney LLC (filed herewith).10.6
    
    
    Joinder Agreement among the General Partner, Citigroup Global Markets Inc., and Morgan
Stanley Smith Barney LLC dated as of June 1, 2009 (filed as Exhibit 10 to the Form 10-Q filed
on August 14, 2009 and incorporated herein by reference).31.1
    
    
    Rule 13a-14(a)/15d-14(a) Certification (Certification of President and Director)31.2
    
    
    Rule 13a-14(a)/15d-14(a) Certification (Certification of Chief Financial Officer and
Director)32.1
    
    
    Section 1350 Certification (Certification of President and Director)32.2
    
    
    Section 1350 Certification (Certification of Chief Financial Officer and Director)
 25




---



##### 



SIGNATURES
     ABINGDON FUTURES FUND L.P.
  By:
    Ceres Managed Futures LLC     By:
    /s/ Jerry Pascucci        By:
    /s/ Jennifer Magro   
   26