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, 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


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                       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 March 31, 1997 and December 31,
                      1996                                              3

                      Statement of Income and Expenses
                      and Partners' Capital for the Three
                      Months ended March 31, 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


                                                         March 31,  December 31,
                                                           1997         1996
                                                        -----------   ---------
                                                        (Unaudited)
ASSETS:

Equity in commodity futures trading account:
  Cash and cash equivalents                              $2,250,181   $1,956,801
  Net unrealized appreciation
  on open futures contracts                                 254,044      107,664
Zero Coupons, $6,418,000  and $6,663,000
  principal amount in 1997 and 1996, respectively,
  due May 15, 1999, at market value
  (amortized cost $5,718,759 and $5,858,376,
  in 1997 and 1996, respectively)                         5,612,733    5,795,477
Commodity options owned, at market value
  (cost $960 )                                                    -          660
                                                         ----------   ----------

                                                          8,116,958    7,860,602

Receivable from SB on sale of Zero Coupons                  214,020      162,690
Interest receivable                                           8,032        6,862
                                                         ----------   ----------
                                                         $8,339,010   $8,030,154
                                                         ==========   ==========




LIABILITIES AND PARTNERS' CAPITAL:

Liabilities:

 Accrued expenses:
  Commissions                                            $   21,609   $   18,484
  Management fees                                             5,049        4,318
  Other                                                      30,729       31,916
  Incentive fees                                             50,954
 Commodity options written, at market value
    (premiums received $800 )                                     -          972
  Redemption payable                                        302,644      217,698
                                                         ----------   ----------
                                                            410,985      273,388
                                                         ----------   ----------

Partners' Capital:
General Partner, 128 and 103 Unit equivalents
  outstanding in 1997 and 1996                              158,116      119,908
Limited Partners, 6,290 and 6,560 Units
   of Limited Partnership Interest outstanding
   in 1997 and 1996, respectively                         7,769,909    7,636,858
                                                         ----------   ----------
                                                          7,928,025    7,756,766
                                                         ----------   ----------
                                                         $8,339,010   $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)


                                                     MARCH 31,      MARCH 31,
                                                       1997            1996
                                                   ------------    ------------
Income:
  Net gains (losses) on trading of 
   commodity interests:
    Realized gains (losses) on 
      closed positions                             $    423,526    $   (119,038)
    Change in unrealized gains/losses  on 
      open positions                                    146,852        (253,662)

                                                   ------------    ------------

                                                        570,378        (372,700)
Less, brokerage commissions and clearing fees
  ($2,113 and $2,393, respectively)                     (69,418)        (69,450)

                                                   ------------    ------------

  Net realized and unrealized gains (losses)            500,960        (442,150)
  Loss on sale of Zero Coupons                           (4,330)         (4,084)
  Unrealized depreciation on Zero Coupons               (43,127)       (168,287)
  Interest income                                        99,146         129,619

                                                   ------------    ------------

                                                        552,649        (484,902)

                                                   ------------    ------------
Expenses:

  Management fees                                        14,738          14,130
  Other                                                  13,054          13,382
  Incentive fees                                         50,954               -
  Organization expense                                        -           7,521

                                                   ------------    ------------

                                                         78,746          35,033

                                                   ------------    ------------

  Net income (loss)                                     473,903        (519,935)
  Redemptions                                          (302,644)       (343,351)

                                                   ------------    ------------

  Net increase (decrease) in Partners'  capital         171,259        (863,286)

Partners' capital, beginning of period                7,756,766      10,652,577
                                                   ____________    ____________

Partners' capital, end of period                   $  7,928,025    $  9,789,291

                                                   ============    ============
Net asset value per Unit
  (6,418 and 9,152 Units outstanding               $   1,235.28    $   1,069.63
  at March 31, 1997 and 1996, respectively)
                                                   ============    ============

Net income (loss) per Unit of Limited Partnership
   Interest and General Partner Unit equivalent    $      71.12    $     (54.89)

                                                   ============    ============
See Notes to Financial Statements 


                                      4

<PAGE>



                       F-1000 FUTURES FUND L.P., SERIES IX
                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 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.

        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 March 31,  1997 and the  results of its  operations  for the three
months ended March 31, 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 months ended March 31,
1997 and 1996 were as follows:

                                               THREE MONTHS ENDED
                                                     MARCH 31,
                                                1997             1996

Net realized and unrealized
 gains (losses)                             $   75.19         $  (46.67)
Realized and unrealized losses
 on Zero Coupons                                (7.12)           (18.20)
Interest income                                 14.88             13.68
Expenses                                       (11.83)            (3.70)
                                            ----------        ----------

Increase (decrease) for period                  71.12            (54.89)
Net Asset Value per Unit,
 beginning of period                         1,164.16          1,124.52
                                            ----------        ----------

Net Asset Value per Unit,
 end of period                              $1,235.28         $1,069.63
                                            ==========        ==========

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 March 31, 1997 was  $254,044  and the average fair value during the
three months then ended, based on monthly calculation was $286,887.

                                      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  instruments.  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 March 31, 1997, the notional or contractual
amounts of the  Partnership's  commitment to purchase and sell these instruments
was $5,493,446 and  $32,778,492,  respectively,  as detailed below. All of these
instruments mature within one year of March 31, 1997. However, due to the nature
of the Partnership's business, these instruments may not be held to maturity. At
March 31,  1997,  the fair  value of the  Partnership's  derivatives,  including
options thereon, was $254,044 as detailed below.


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

Currencies:
 - Exchange Traded Contracts       $  610,350       $ 3,330,491       $  7,104
 - OTC Contracts                       75,075            75,075              0
Energy                                      0           152,825          3,388
Grains                              2,028,330                 0        119,770
Interest Rate Non-U.S.                169,420        20,866,232         28,815
Interest Rates U.S.                         0         6,243,783         23,650
Livestock                             261,120                 0            880
Metals                              1,712,995         1,016,443         37,936
Softs                                 254,556           519,318         21,624
Indices                               381,600           574,325         10,877
                                   ----------       ------------      --------

Totals                             $5,493,446       $32,778,492       $254,044
                                   ==========       ============      ========


                                         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
first 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 three months ended March 31, 1997,  Partnership  capital increased
2.2% from $7,756,766 to $7,928,025. This increase was attributable to net income
from operations of $473,903 which was partially  offset by the redemption of 245
Units  resulting  in an outflow of $302,644  during the three months ended March
31,  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  first quarter of 1997,  the net asset value per
Unit increased 6.1% from $1,164.16 to $1,235.28 as compared to the first quarter
of 1996 in which the net asset value per Unit decreased  4.9%.  The  Partnership
experienced  a net trading  gain before  commissions  and  expenses in the first
quarter of 1997 of  $570,378.  Gains were  recognized  in the  trading of softs,
metals,  grains,  currencies and indices and were partially  offset by losses in
livestock, energy products and interest rates. The Partnership experienced a net
trading loss before  commissions  and  expenses in the first  quarter of 1996 of
$372,700.  Losses  were  recognized  in the trading of  interest  rates,  energy
products, currencies, indices, agricultural products and metals.

      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,

                                      9

<PAGE>



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 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
months  ended  March  31,  1996  decreased  by  $30,473,   as  compared  to  the
corresponding  period 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  months  ended  March 31,  1997  decreased  by $32, as compared to the
corresponding period 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 months ended March
31, 1997 increased by $608, as compared to the corresponding period 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 months ended
March  31,  1997  and  1996  resulted  in  incentive  fees of  $50,954,  and $0,
respectively.

                                      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 - None

            (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:      5/12/97

        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:     5/12/97



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

Date:     5/12/97


                                      12