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 June 30, 1997

Commission File Number 0-21586


                       F-1000 FUTURES FUND L.P., SERIES IX
             (Exact name of registrant as specified in its charter)

      New York                                13-3678327
(State or other jurisdiction of           (I.R.S. Employer
 incorporation or organization)            Identification No.)



                    c/o Smith Barney Futures Management Inc.
                           390 Greenwich St. - 1st 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>



                      F-1000 FUTURES FUND L.P., SERIES IX
                                   FORM 10-Q
                                     INDEX

                                                                      Page
                                                                     Number

PART I - Financial Information:

            Item 1.   Financial Statements:

                      Statement of Financial Condition
                      at June 30, 1997 and December 31,
                      1996                                              3

                      Statement of Income  and Expenses
                      and Partners' Capital for the Three
                      and six months ended June 30, 1997
                      and 1996                                          4

                      Notes to Financial Statements                   5 - 8

            Item 2.   Management's Discussion and Analysis
                      of Financial Condition and Results of
                      Operations                                      9 - 10

PART II - Other Information                                             11


                                      2

<PAGE>
                                     PART I

                          Item 1. Financial Statements


                       F-1000 FUTURES FUND L.P., SERIES IX
                        STATEMENT OF FINANCIAL CONDITION


                                                          June 30,  December 31,
                                                           1997         1996
                                                        -----------  -----------
                                                        (Unaudited)
ASSETS:

Equity in commodity futures trading account:
  Cash and cash equivalents                             $1,978,295   $1,956,801
  Net unrealized appreciation
   on open futures contracts                               117,636      107,664
  Zero Coupons, $6,163,000 and $6,663,000
   principal amount in 1997 and 1996,
   respectively, due May 15, 1999,
   at market value (amortized cost
   $5,566,237 and $5,858,376, in 1997
   and 1996, respectively)                               5,508,243    5,795,477
Commodity options owned, at market value
   (cost $0 and $960 in 1997
   and 1996, respectively)                                       -          660
                                                         ---------   ----------

                                                         7,604,174    7,860,602

Receivable from SB on sale of Zero Coupons                 227,743      162,690
Interest receivable                                          6,505        6,862
                                                        ----------   ----------
                                                        $7,838,422   $8,030,154
                                                        ==========   ==========



LIABILITIES AND PARTNERS' CAPITAL:

Liabilities:

 Accrued expenses:
  Commissions                                           $   18,706   $   18,484
  Management fees                                            4,370        4,318
  Other                                                     25,802       31,916
 Commodity options written,
   at market value (premiums
   received $0 and  $800 in 1997
   and 1996, respectively)                                       -          972
  Redemption payable                                       309,494      217,698
                                                         ----------   ----------
                                                           358,372      273,388
                                                         ----------   ----------


Partners' Capital:
General Partner, 128 and 103 Units
  equivalents outstanding in 1997 and 1996                 155,354      119,908
Limited Partners, 6,035 and 6,560 Units
   of Limited Partnership
  Interest outstanding in 1997 and 1996,
  respectively                                           7,324,696    7,636,858
                                                         ----------   ----------
                                                         7,480,050    7,756,766
                                                         ----------   ----------
                                                        $7,838,422   $8,030,154
                                                         ==========   ==========

See Notes to Financial statements.


                                      3

<PAGE>


                       F-1000 FUTURES FUND L.P., SERIES IX
             STATEMENT OF INCOME AND EXPENSES AND PARTNERS' CAPITAL
                                   (UNAUDITED)
<TABLE>
<CAPTION>



                                                                          THREE-MONTHS ENDED                SIX-MONTHS ENDED
                                                                               JUNE 30,                         JUNE 30,
                                                                         1997            1996             1997             1996
                                                                    ------------     ------------     ------------     -------------
<S>                                                                      <C>               <C>             <C>              <C>    

Income:
  Net gains (losses) on trading of commodity futures:
  Realized gains  on closed positions                               $    (56,662)    $    523,878     $    366,864     $    404,840
  Change in unrealized gains/losses on open positions                   (136,880)          (7,683)           9,972         (261,345)
                                                                    ------------     ------------     ------------     ------------

                                                                        (193,542)         516,195          376,836          143,495

Less, brokerage commissions and clearing fees
($2,175, $2,150, $4,288 and $4,543, respectively)                        (63,340)         (72,431)        (132,758)        (141,881)
                                                                    ------------     ------------     ------------     ------------


Net realized and unrealized gains (losses)                              (256,882)         443,764          244,078            1,614
Loss on Sale of Zero Coupon Bonds                                         (2,525)          (8,969)          (6,855)         (13,053)
Unrealized appreciation (depreciation) on Zero Coupons                    48,032          (53,782)           4,905         (222,069)
Interest income                                                           98,296          129,990          197,442          259,609
                                                                    ------------     ------------     ------------     ------------

                                                                        (113,079)         511,003          439,570           26,101
                                                                    ------------     ------------     ------------     ------------
Expenses:

  Management fees                                                         13,293           15,549           28,031           29,679
  Incentive fees                                                               0           20,099           50,954           20,099
  Other                                                                   12,109           13,766           25,163           27,148
  Organization expense                                                         0                0                0            7,521
                                                                    ------------     ------------     ------------     ------------

                                                                          25,402           49,414          104,148           84,447
                                                                    ------------     ------------     ------------     ------------

  Net income (loss)                                                     (138,481)         461,589          335,422          (58,346)
  Redemptions                                                           (309,494)        (501,791)        (612,138)        (845,142)
                                                                    ------------     ------------     ------------     ------------

  Net decrease in Partners' capital                                     (447,975)         (40,202)        (276,716)        (903,488)

Partners' capital, beginning of period                                 7,928,025        9,789,291        7,756,766       10,652,577
                                                                    ____________     ____________     ____________     ____________

Partners' capital, end of period                                    $  7,480,050     $  9,749,089     $  7,480,050     $  9,749,089

                                                                    ============     ============     ============     ============
Net Asset Value per Unit
  (6,163 and 8,704 Units outstanding at
  June 30, 1997 and 1996)                                           $   1,213.70     $   1,120.07     $   1,213.70     $   1,120.07

                                                                    ============     ============     ============     ============

Net income (loss) per Unit of Limited Partnership
  Interest and General Partnership Unit equivalent                  $     (21.58)    $      50.44     $      49.54     $      (4.45)

                                                                    ============     ============     ============     ============
See Notes to Financial Statements 
</TABLE>


                                      4

<PAGE>



                      F-1000 FUTURES FUND L.P., SERIES IX
                         NOTES TO FINANCIAL STATEMENTS
                                 June 30, 1997
                                  (Unaudited)

1. General

        F-1000  Futures Fund L.P.,  Series IX (the  "Partnership")  is a limited
partnership organized under the laws of the State of New York on August 25, 1992
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  maintains a portion of its assets
in interest  payments  stripped from U.S.  Treasury  Bonds under the  Treasury's
STRIPS program for which payments are due  approximately six years from the date
trading commenced ("Zero  Coupons").  The Partnership uses such Zero Coupons and
its other assets to margin its commodities  account.  The Partnership  commenced
trading operations on March 9, 1993.

        Smith Barney Futures  Management  Inc. acts as the general  partner (the
"General Partner") of the Partnership. Smith Barney Inc. ("SB"), an affiliate of
the General Partner,  acts as commodity broker for the Partnership.  All trading
decisions are made for the Partnership by Trendview  Management,  Inc. and Rabar
Market Research, Inc. (collectively, the "Advisors").

        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 June 30, 1997 and the results of its  operations  for the three and
six months ended June 30, 1997 and 1996. These financial  statements present the
results of interim periods and do not include all disclosures  normally provided
in annual financial statements.  It is suggested that these financial statements
be read in conjunction  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, 1996.

        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>



                      F-1000 FUTURES FUND L.P., SERIES IX
                         NOTES TO FINANCIAL STATEMENTS
                                  (continued)




2. Net Asset Value Per Unit:

        Changes in net asset  value per Unit for the three and six months  ended
June 30, 1997 and 1996 were as follows:

                                 THREE-MONTHS ENDED        SIX-MONTHS ENDED
                                      JUNE  30,                JUNE 30,
                                  1997        1996         1997        1996

Net realized and unrealized
 gains (losses)                $  (40.03)   $   48.49    $   35.16    $    1.81
Realized and unrealized
 gains (losses) on Zero
 Coupons                            7.09        (6.86)       (0.03)      (25.05)
Interest income                    15.33        14.21        30.21        27.89
Expenses                           (3.97)       (5.40)      (15.80)       (9.10)
                               ---------    ---------    ---------    ---------

Increase (decrease) for
 period                           (21.58)       50.44        49.54        (4.45)

Net Asset Value per Unit,
  beginning of period           1,235.28     1,069.63     1,164.16     1,124.52
                               ---------    ---------    ---------    ---------


Net Asset Value per Unit,
  end of period                $1,213.70    $1,120.07    $1,213.70    $1,120.07
                               =========    =========    =========    =========


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 SB 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 fair value of these commodity interests, including options
thereon, at June 30, 1997 was $117,636 and the average fair value during the six
months then ended, based on monthly calculation was $207,156.

                                      6

<PAGE>



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
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 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  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 SB.

            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.

                                      7

<PAGE>




            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.  At June 30, 1997, the notional or contractual
amounts of the  Partnership's  commitment to purchase and sell these instruments
was $29,215,179 and $6,429,382,  respectively,  as detailed below.  All of these
instruments  mature  within one year of June 30,  1997 and are  exchange  traded
instruments.  However,  due to the nature of the Partnership's  business,  these
instruments may not be held to maturity. At June 30, 1997, the fair value of the
Partnership's  derivatives,  including options thereon, was $117,636 as detailed
below.


                                   NOTIONAL OR CONTRACTUAL
                                    AMOUNT OF COMMITMENTS
                                  TO PURCHASE         TO SELL        FAIR VALUE

Currencies                        $1,475,769        $1,461,088       $ (3,798)
Energy                                     0           261,020         (9,359)
Grains                                40,160         1,817,918         65,678
Interest Rates Non-U.S.           20,283,568         1,156,244         24,228
Interest Rates U.S.                4,461,817                 0         (6,725)
Livestock                             33,920                 0            (50)
Metals                             1,185,421         1,733,112         24,648
Softs                                660,291                 0         23,398
Indices                            1,074,233                 0           (384)
                                 -----------        ----------       --------

Totals                           $29,215,179        $6,429,382       $117,636
                                 ===========        ==========       ========


                                         8

<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  and  cash   equivalents,   Zero  Coupons,   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
substantial  decrease in liquidity no such losses occurred in the  Partnership's
second quarter of 1997.

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

      For the six months ended June 30, 1997, Partnership capital decreased 3.6%
from $7,756,766 to $7,480,050.  This decrease was attributable to the redemption
of 500 Units  resulting  in an outflow of $612,138  during the six months  ended
June 30, 1997.  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  second quarter of 1997, the net asset value per
Unit  decreased  1.7% from  $1,235.28  to  $1,213.70  as  compared to the second
quarter  of 1996 in which  the net  asset  value per Unit  increased  4.7%.  The
Partnership  experienced a net trading loss before  commissions  and expenses in
the second quarter of 1997 of $193,542. Losses were recognized in the trading of
currencies,  U.S. and non U.S.  interest rates,  energy,  grains,  livestock and
metals and were partially  offset by gains in indices and softs. The Partnership
experienced  a net trading  gain before  commissions  and expenses in the second
quarter of 1996 of  $516,195.  Gains were  recognized  in the  trading of energy
products, currencies, agricultural products and metals and were partially offset
by losses in interest rates and indices.

      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,

                                      9

<PAGE>



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 75% of the  Partnership's  daily average equity maintained
in cash was earned on the monthly average 13-week U.S. Treasury bill yield. Also
included in interest  income is the  amortization  of original issue discount on
the Zero Coupons based on the interest method. Interest income for the three and
six months ended June 30, 1997  decreased by $31,694 and $62,167,  respectively,
as  compared  to the  corresponding  periods in 1996.  The  decrease in interest
income is primarily due to the effect of redemptions on the  Partnership's  Zero
Coupons and equity maintained in cash.

      Brokerage  commissions  are  calculated on the adjusted net asset value on
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 the monthly net asset values.  Commissions and clearing fees for
the three and six months  ended June 30,  1997  decreased  by $9,091 and $9,123,
respectively, as compared to the corresponding periods in 1996.

      All trading  decisions for the Partnership are currently being made by the
Advisors.  Management  fees are calculated as a percentage of the  Partnership's
net  asset  value  as of the  end of each  month  and are  affected  by  trading
performance and redemptions.  Management fees for the three and six months ended
June 30, 1997 decreased by $2,256 and $1,648,  respectively,  as compared to the
corresponding periods in 1996.

      Incentive  fees are based on the new  trading  profits  generated  by each
Advisor as defined in the  advisory  agreements  between  the  Partnership,  the
General  Partner and each  Advisor.  Trading  performance  for the three and six
months  ended June 30,  1997  resulted  in  incentive  fees of $0, and  $50,954,
respectively.  Trading  performance  for the three and six months ended June 30,
1996 resulted in incentive fees of $20,099.

                                      10

<PAGE>



                           PART II OTHER INFORMATION

Item 1.     Legal Proceedings - None

Item 2.     Changes in Securities - None

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
             10.8   Letter dated June 24, 1997 from the General Partner to Rabar
             Market Research revising the terms of incentive fee payment.


            (b) Reports on Form 8-K - None



                                      11


<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.

F-1000 FUTURES FUND L.P., SERIES IX


By:   Smith Barney Futures Management Inc.
      (General Partner)


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

Date:      8/13/97

      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 Inc.
      (General Partner)


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


Date:     8/13/97



By:   /s/ Daniel A. Dantuono
      Daniel A. Dantuono
      Chief Financial Officer and
      Director

Date:     8/13/97


                                      12

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