Document:

EXHIBIT 10.02

                      COMMODITY FUTURES CUSTOMER AGREEMENT
                                     BETWEEN
                   DEAN WITTER MULTI-MARKET PORTFOLIO L.P.
                                       AND
                        MORGAN STANLEY & CO. INCORPORATED

This Commodity Futures Customer Agreement ("Agreement"), dated as of May 1, 2000
between Morgan Stanley & Co. Incorporated ("Morgan Stanley"), Dean Witter
Multi-Market Portfolio L.P. ("Customer"), and acknowledged and agreed to Dean
Witter Reynolds Inc., the non-clearing commodity broker for the Customer
("DWR"), shall govern the purchase and sale by Morgan Stanley of commodity
futures contracts and options thereon (collectively, "Contracts") for the
account and risk of Customer through one or more accounts carried by Morgan
Stanley on behalf and in the name of Customer (collectively, the "Account").

Applicable Law. The Account and all transactions and agreements in respect of
the Account shall be subject to all applicable Federal, state, exchange,
clearing house and self-regulatory agency rules, regulations and interpretations
and custom and usage of the trade. All such rules, regulations, interpretations,
custom and usage are hereinafter collectively referred to as "Applicable Law."

Customer's Representations and Warranties. Customer represents and warrants that
(a) Customer has full right, power and authority to enter into this Agreement,
and the person executing this Agreement on behalf of Customer is authorized to
do so; (b) this Agreement is binding on Customer and enforceable against
Customer in accordance with its terms; (c) Customer may lawfully establish and
open the Account for the purpose of effecting purchases and sales of Contracts
through Morgan Stanley; (d) transactions entered into pursuant to this Agreement
will not violate any applicable law (including any Applicable Law) to which
Customer is subject or any agreement to which Customer is subject or a party;
and (e) all information provided by Customer in the Account Application
preceding this Agreement (which Application and the information contained
therein hereby is incorporated into this Agreement) is true and correct and
Customer shall immediately (and in no event later than within one business day)
notify Morgan Stanley of any change in such information.

Payment and Interest Obligations.

Compensation Payments to Morgan Stanley. Customer shall pay Morgan Stanley upon
demand (a) all floor brokerage charges, give-up fees, contract market, clearing
house, National Futures Association ("NFA") or clearing member fees or charges;
(b) any tax imposed on such transactions by any competent taxing authority; (c)
the amount of any trading losses in the Account; (d) any debit balance or
deficiency in the Account; and (e) any other amounts owed by Customer to Morgan
Stanley with respect to the Account or any transactions therein. DWR shall pay
Morgan Stanley such charges with respect to the execution and clearing of trades
for Customer as DWR and Morgan Stanley shall agree from time to time.

Payment of Interest. The Customer's assets deposited with Morgan Stanley will be
segregated or secured in accordance with the Commodity Exchange Act and
regulations of the Commodity Futures Trading Commission ("CFTC") and will be
invested in accord with Morgan Stanley's customary practice for investment of
its futures customer funds. All of Customer's funds will be available for margin
for the Customer's trading. Morgan Stanley shall pay to DWR at each month-end
interest on Customer's funds in its possession as agreed between Morgan Stanley
and DWR from time to time. The Customer understands that it will not receive any
interest income on its assets held by Morgan Stanley other than that paid by DWR
pursuant to the Customer's DWR Customer Agreement. DWR shall pay Morgan Stanley
interest on any debit balances in the Account at such rates as Morgan Stanley
and DWR shall agree from time to time.

Netting. The parties agree that all payment obligations of Customer to Morgan
Stanley under this Agreement and all payment obligations of Morgan Stanley to
Customer under this Agreement will be netted against each other to result in one
net payment amount.

Customer's Events Of Default; Morgan Stanley's Remedies.

Events of Default. As used herein, each of the following shall be deemed an
"Event of Default": (i) the commencement of a case under any Federal or state
bankruptcy, insolvency or reorganization law, or the filing of a petition for
the appointment of a receiver by or against Customer, an assignment made by
Customer for the benefit of creditors, an admission in writing by Customer that
it is insolvent or is unable to pay its debts when they mature, or the
suspension by the Customer of its usual business or any material portion
thereof; (ii) the issuance of any warrant or order of attachment against the
Account or the levy of a judgment against the Account; (iii) if Customer is an
employee benefit plan, the termination of Customer or the filing by Customer of
a notice of intent to terminate with a governmental agency or body, or the
receipt of a notice of intent to terminate Customer from a governmental agency
or body, or the inability of Customer to pay benefits under the relevant
employment benefit plan when due; (iv) the failure by Customer to deposit or
maintain margins, to pay required premiums, or to make payments required by
Section 3 hereof; (v) the failure by Customer to perform, in any material
respect, its obligations hereunder.

Remedies. Upon the occurrence of an Event of Default or in the event Morgan
Stanley, in its sole and absolute discretion, considers it necessary for its
protection, Morgan Stanley shall have the right, in addition to any other remedy
available to Morgan Stanley at law or in equity, and in addition to any other
action Morgan Stanley may deem appropriate under the circumstances, to liquidate
any or all open Contracts held in or for the Account, sell any or all of the
securities or other property of Customer held by Morgan Stanley and to apply the
proceeds thereof to any amounts owed by Customer to Morgan Stanley, borrow or
buy any options, securities, Contracts or other property for the Account and
cancel any unfilled orders for the purchase or sale of Contracts for the
Account, or take such other or further actions Morgan Stanley, in its reasonable
discretion, deems necessary or appropriate for its protection, all without
demand for margin and without notice or advertisement. Any such action may be
made at the discretion of Morgan Stanley in any commercially reasonable manner.
In the event Morgan Stanley's position would not be jeopardized thereby, Morgan
Stanley will make reasonable efforts under the circumstances to notify Customer
prior to taking any such action. A prior demand or margin call of any kind from
Morgan Stanley or prior notice from Morgan Stanley shall not be considered a
waiver of Morgan Stanley's right to take any action without notice or demand. In
the event Morgan Stanley exercises any remedies available to it under this
Agreement, Customer shall reimburse, compensate and indemnify Morgan Stanley for
any and all costs, losses, penalties, fines, taxes and damages that Morgan
Stanley may incur, including reasonable attorneys' fees incurred in connection
with the exercise of its remedies and the recovery of any such costs, losses,
penalties, fines, taxes and damages.

Standard of Liability and Indemnification.

Standard of Liability. Morgan Stanley and its affiliates (as defined below)
shall not be liable to Customer, its partners, or any of its or their respective
successors or assigns, for any act, omission, conduct, or activity undertaken by
or on behalf of the Customer pursuant to this Agreement which Morgan Stanley
determines, in good faith, to be in the best interest of the Customer, Except
that Morgan Stanley shall be liable to the Customer and its partners, and its or
their successors and assigns for any loss. Liability, damage, cost, and expense
(including attorneys' and accountants' fees) to which any of them may become
subject arising out of, or based upon, an act, omission, conduct, or activity by
Morgan Stanley or its affiliates in respect of the Customer which shall be found
by a court of competent jurisdiction upon entry of a final judgment (of, if no
final judgment shall be entered, by a written opinion rendered to the Customer
by independent legal counsel, who shall be other than counsel of the Customer,
Morgan Stanley or any affiliate thereof) to have constituted bad faith,
misconduct, or negligence and such act, omission, activity, or conduct was not
done in good faith and in the reasonable belief that it was in the best
interests of the Customer. Without limiting the foregoing, Morgan Stanley shall
have no responsibility or liability to Customer hereunder (i) in connection with
the performance or non-performance by any contract market, clearing house,
clearing firm or other third party (including floor brokers not selected by
Morgan Stanley and banks) to Morgan Stanley of its obligations in respect of any
Contract or other property of Customer; (ii) as a result of any prediction,
recommendation or advice made or given by a representative of Morgan Stanley
whether or not made or given at the request of Customer; (iii) as a result of
Morgan Stanley's reliance on any instructions, notices and communications that
it believes to be that of an individual authorized to act on behalf of Customer;
(iv) as a result of any delay in the performance or non-performance of any of
Morgan Stanley's obligations hereunder directly or indirectly caused by the
occurrence of any contingency beyond the control of Morgan Stanley including,
but not limited to, the unscheduled closure of an exchange or contract market or
delays in the transmission of orders due to breakdowns or failures of
transmission or communication facilities, execution, and/or trading facilities
or other systems (including, without limitation, GLOBEX, ACCESS, or other
electronic trading systems, facilities or services), it being understood that
Morgan Stanley shall be excused from performance of its obligations hereunder
for such period of time as is reasonably necessary after such occurrence to
remedy the effects therefrom; (v) as a result of any action taken by Morgan
Stanley or its floor brokers to comply with Applicable Law; or (vi) for any acts
or omissions of those neither employed nor supervised by Morgan Stanley. In no
event will Morgan Stanley be liable to Customer for consequential, incidental or
special damages hereunder.

Indemnification by Customer. Customer shall indemnify, defend and hold harmless
Morgan Stanley and its affiliates from and against any loss, liability, damage,
cost or expense (including attorneys' and accountants' fees and expenses
incurred in the defense of any demands, claims or lawsuits) actually and
reasonably incurred arising from any act, omission, conduct, or activity
undertaken by Morgan Stanley on behalf of Customer, including, without
limitation, any demands, claims or lawsuits initiated by a limited partner (or
assignee thereof); provided that (i) Morgan Stanley has determined, in good
faith, that the act, omission, conduct, or activity giving rise to the claim for
indemnification was in the best interests of the Customer, and (ii) A court of
competent jurisdiction upon entry of a final judgment shall find (or, if no
final judgment is entered, an opinion is rendered to the Customer by independent
legal counsel, who shall be other than counsel to the Customer, Morgan Stanley
or any affiliate thereof) to the effect that the act, omission, activity, or
conduct that was the basis for such loss, liability, damage, cost, or expense
was not the result of bad faith, misconduct or negligence and was done in good
faith and in the reasonable belief that it was in the best interests of the
Customer. Notwithstanding the foregoing, no indemnification of Morgan Stanley or
its affiliates by the Customer shall be permitted for losses resulting from
liability incurred for violation of federal or state securities laws. Morgan
Stanley and its affiliates shall be indemnified for settlements and related
expenses of lawsuits alleging securities law violations and for expenses
incurred in successfully defending such lawsuits, provided that a court either
(i) approves the settlement and finds that indemnification of the settlement and
related costs should be made, or (ii) approves indemnification of litigation
costs if a successful defense is made; provided, however, that Morgan Stanley or
its affiliate, as the case may be, must apprise the court of the position of the
SEC (and, as long as any limited partner is a resident of Massachusetts or
Tennessee, the positions of the respective securities administrators of such
states), and, where violations of the securities laws or rules of any state or
other jurisdiction had been alleged, the position (if any) of the securities
administrator of each such state or other jurisdiction whose laws or rules have
allegedly been violated, with respect to indemnification for securities laws
violations before seeking court approval for indemnification. Furthermore, in
any action or proceeding brought by a limited partner in the right of Customer
to which Morgan Stanley or any affiliate thereof is a party defendant, any such
person shall be indemnified only to the extent and subject to the conditions
specified in this Section 5. The Customer shall make advances to Morgan Stanley
or its affiliates hereunder only if: (i) the demand, claim lawsuit or legal
action relates to the performance of duties or services by such persons to
Customer; (ii) such demand, claim lawsuit or legal action is not initiated by a
Limited Partner; and (iii) such advances are repaid, with interest at the legal
rate under Delaware law, if the person receiving such advance is ultimately
found not to be entitled to indemnification hereunder.

Indemnification by Morgan Stanley. Morgan Stanley shall indemnify, defend and
hold harmless Customer and its partners and its or their successors or assigns
from and against any losses, liabilities, damages, costs or expenses (including
attorneys' and accountants' fees) to which any of them may become subject
arising out of, or based upon, an act, omission, conduct, or activity by Morgan
Stanley or its affiliates in respect of the Customer which shall be found by a
court of competent jurisdiction upon entry of a final judgment (or, if no final
judgement shall be entered, by a written opinion rendered to the Customer by
independent legal counsel, who shall be other than counsel to the Customer,
Morgan Stanley or any affiliate thereof) to have constituted bad faith,
misconduct, or negligence and such act, omission, activity or conduct was not
done in good faith and in the reasonable belief that it was in the best
interests of the Customer.

Limitation on Indemnities. The indemnities provided in this Section 5 by
Customer to Morgan Stanley and its affiliates shall be inapplicable in the event
of any losses, liabilities, damages, costs or expenses arising out of, or based
upon, any material breach of any agreement of Morgan Stanley contained in this
Agreement to the extent caused by such event. Likewise, the indemnities provided
in this Section 5 by Morgan Stanley to Customer and its successors and assigns
shall be inapplicable in the event of any losses, liabilities, damages, costs or
expenses arising out of, or based upon, any material breach of any
representation, warranty or agreement of Customer contained in this Agreement to
the extent caused by such breach.

Definition of "Affiliate." As used in this Section 5, the term "affiliate" of
Morgan Stanley shall mean: (i) any natural person, partnership, corporation,
association, or other legal entity directly or indirectly owning, controlling,
or holding with power to vote 10% or more of the outstanding voting securities
of Morgan Stanley; (ii) any partnership, corporation, association, or other
legal entity 10% or more of whose outstanding voting securities are directly or
indirectly owned, controlled, or held with power to vote by Morgan Stanley;
(iii) any natural person, partnership, corporation, association, or other legal
entity directly or indirectly controlling, controlled by, or under common
control with, Morgan Stanley; or (iv) any officer or director of Morgan Stanley.
Notwithstanding the foregoing, "affiliates" for purposes of this Section 5 shall
include only those persons acting on behalf of Morgan Stanley and performing
services for Customer within the scope of the authority of Morgan Stanley, as
set forth in this Agreement.

General Agreements.  The parties agree that:

Morgan Stanley's Responsibility. Morgan Stanley is not acting as a fiduciary,
foundation manager, commodity pool operator, commodity trading advisor or
investment adviser in respect of any Account opened by Customer. Morgan Stanley
shall have no responsibility hereunder for compliance with any law or regulation
governing the conduct of fiduciaries, foundation managers, commodity pool
operators, commodity trading advisors or investment advisers.

            Morgan Stanley agrees to furnish to the Customer as soon as
practicable all of the information from time to time in its possession which
Customer may be required to furnish to its limited partners pursuant to its
limited partnership agreement and as otherwise required by Applicable Law.
Morgan Stanley shall disclose such information regarding itself and its
affiliates (including, without limitation, financial statements) as may be
required by the Customer for SEC, CFTC and state blue sky disclosure purposes.
Morgan Stanley agrees to notify the applicable trading advisor for the Customer
(each a "Trading Advisor") immediately upon discovery of any error committed by
Morgan Stanley or any of its agents with respect to a trade for the Customer's
account which Morgan Stanley believes was not executed or cleared in accordance
with proper instructions given by the Customer, its Trading Advisors or any
other authorized agent of Customer. Errors made by floor brokers appointed or
selected by Morgan Stanley shall constitute errors made by Morgan Stanley.
However, Morgan Stanley shall not be responsible for errors committed by the
Trading Advisors.

            Morgan Stanley agrees to report to DWR its own errors and the errors
of any Trading Advisor for the Account which Morgan Stanley becomes aware of,
provided that such reporting may be via telephone. Notwithstanding the
foregoing, the failure to comply with such reporting obligation does not
increase Morgan Stanley's liability for its own errors beyond that otherwise
expressly set forth in this Agreement, nor does it make Morgan Stanley in any
way responsible for errors committed by the Trading Advisors.

            Morgan Stanley acknowledges that the other partnerships of which
Demeter Management Corporation (the general partner of Customer) is the general
partner, do not constitute affiliates of the Customer.

Advice. All advice communicated by Morgan Stanley with respect to any Account
opened by Customer hereunder is incidental to the conduct of Morgan Stanley's
business as a futures commission merchant and such advice will not serve as the
primary basis for any decision made by or on behalf of Customer in respect of
the Account, regardless of whether Customer relies on the advice of Morgan
Stanley in making any such decision. Customer acknowledges that Morgan Stanley
and its managing directors, officers, employees and affiliates may take or hold
positions in, or advise other customers concerning, Contracts that are the
subject of advice from Morgan Stanley to Customer. The positions and advice of
Morgan Stanley and its managing directors, officers, employees and affiliates
may be inconsistent with or contrary to positions of, and the advice given by,
Morgan Stanley to Customer.

Recording. Each of Morgan Stanley, the Customer, DWR and their respective
officers, agents and employees, in their sole and absolute discretion, may
record, on tape or otherwise, any telephone conversation between or among Morgan
Stanley, the Customer or DWR with respect to the Account and transactions
therein and each of Morgan Stanley, the Customer and DWR hereby agrees and
consents thereto.

Acceptance of Orders; Position Limits.

Morgan Stanley shall have the right to limit the size of open positions (net or
gross) of Customer with respect to the Account at any time and to refuse
acceptance of orders to establish new positions, whether such refusal or
limitation is required by, or based on position limits imposed under, Applicable
Law. Morgan Stanley shall immediately notify Customer of its rejection of any
order. Unless specified by Customer, Morgan Stanley may designate the exchange
or other markets (including, without limitation, GLOBEX or ACCESS) on which it
will attempt to execute orders.

Customer shall file or cause to be filed all applications or reports required
under Applicable Law with the CFTC or the relevant contract market or clearing
house, and shall provide Morgan Stanley with a copy of such applications or
reports and such other information as Morgan Stanley may reasonably request in
connection therewith.

Original and Variation Margin; Premiums; Other Contract Obligations. Customer
shall make, or cause to be made, all applicable original margin, intra-day
margin and premium payments, and perform all other obligations attendant to
transactions or positions in such Contracts, as may be required by Applicable
Law or by Morgan Stanley. Requests for margin deposits and/or premium payments
may, at Morgan Stanley's election, be communicated to Customer orally,
telephonically or in writing. Customer margin deposits and/or premium payments
shall be made by wire transfer to Morgan Stanley's Customer Segregated Account
and shall be in U.S. dollars unless Morgan Stanley and the Customer specifically
agree otherwise. All Contracts for the Account shall be margined at the
applicable exchange or clearing house minimum rates for speculative accounts.

Security Interest and Rights Respecting Collateral. Except to the extent
proscribed by Applicable Law not subject to waiver, all Contracts, cash,
securities, and/or any other property of Customer whatsoever (collectively, the
"Collateral") at any time held by Morgan Stanley or its affiliates, or carried
by others for the Account, hereby are pledged to Morgan Stanley and shall be
subject to a general lien and security interest in Morgan Stanley's favor to
secure any indebtedness or other amounts, obligations and/or liabilities at any
time owing from Customer to Morgan Stanley (collectively, the "Customer's
Liabilities"). Customer hereby grants Morgan Stanley the right to borrow,
pledge, repledge, hypothecate, rehypothecate, loan or invest any of the
Collateral held by Morgan Stanley, including utilizing the Collateral to
purchase United States Government Treasury obligations pursuant to repurchase
agreements or reverse repurchase agreements with any party, in each case without
notice to Customer and without any obligation to pay or to account to Customer
for any interest, income or benefit that may be derived therefrom. The rights of
Morgan Stanley set forth above shall be qualified by any applicable requirements
for segregation of customers' property under Applicable Law. Morgan Stanley
commits to Customer that Morgan Stanley will not issue a Notice of Exclusive
Control under the Control Agreement between Morgan Stanley and DWR unless Morgan
Stanley determines there is a default under this Agreement.

Reports and Objections. All confirmations, purchase and sale notices, correction
notices and account statements (collectively, "Statements") shall be submitted
to Customer and shall be conclusive and binding on Customer unless Customer
notifies Morgan Stanley of any objection thereto prior to the opening of trading
on the contract market on which such transaction occurred on the business day
following the day on which Customer receives such Statement; provided that, with
respect to monthly Statements, Customer may notify Morgan Stanley of any
objection thereto within five business days after receipt of such monthly
Statement, provided the objection could not have been raised at the time any
prior Statement was received by Customer as provided for above. Any such notice
of objection, if given orally to Morgan Stanley, shall immediately (and no later
than within one business day) be confirmed in writing by Customer.

Delivery Procedures; Options Allocation Procedure.

Customer will provide Morgan Stanley with instructions either to liquidate
Contracts previously established by Customer, make or take delivery under any
such Contracts, or exercise options entered into by Customer, within such time
limits as may be specified by Morgan Stanley. Morgan Stanley shall have no
responsibility to take any action on behalf of Customer or positions in the
Account unless and until Morgan Stanley receives oral or written instructions
reasonably acceptable to Morgan Stanley indicating the action Morgan Stanley is
to take. Funds sufficient to take delivery pursuant to such Contract or
deliverable grade commodities to make delivery pursuant to such Contract must be
delivered to Morgan Stanley at such time as Morgan Stanley may require in
connection with any delivery.

Short option Contracts may be subject to exercise at any time. Exercise notices
received by Morgan Stanley from the applicable contract market with respect to
option Contracts sold by Customer may be allocated to Customer pursuant to a
random allocation procedure, and Customer shall be bound by any such allocation
of exercise notices. In the event of any allocation to Customer, unless Morgan
Stanley has previously received instructions from Customer, Morgan Stanley's
sole responsibility shall be to use its best efforts to notify Customer of such
allocation.

If Customer fails to comply with any of the foregoing obligations, Morgan
Stanley may, in its sole and absolute discretion, liquidate any open positions,
make or receive delivery of any commodities or instruments, or exercise or allow
the expiration of any options, in such manner and on such terms as Morgan
Stanley, in its sole and absolute discretion, deems necessary or appropriate,
and Customer shall indemnify and hold Morgan Stanley harmless as a result of any
action taken or not taken by Morgan Stanley in connection therewith or pursuant
to Customer's instructions.

Financial and Other Information. Customer shall provide to Morgan Stanley such
financial information regarding Customer as Morgan Stanley may from time to time
reasonably request. Customer shall notify Morgan Stanley immediately (and no
later than within one business day) if the financial condition of Customer
changes materially and adversely from that shown in the most recent financial
information theretofore provided to Morgan Stanley. An investigation may be
conducted pertaining to Customer's credit standing and business.

Currency Exchange Risk. Customer shall bear all risk and cost in respect of the
conversion of currencies incident to transactions effected on behalf of Customer
pursuant hereto.

Termination. This Agreement may be terminated at any time by Customer or Morgan
Stanley upon thirty (30) days by written notice to the other. In the event of
such notice, Customer shall either close out open positions in the Account or
arrange for such open positions to be transferred to another futures commission
merchant. Upon satisfaction by Customer of all of Customer's Liabilities, Morgan
Stanley shall transfer to another futures commission merchant all Contracts, if
any, then held for the Account, and shall transfer to Customer or to another
futures commission merchant, as Customer may instruct, all cash, securities and
other property held in the Account, whereupon this Agreement shall terminate.
Notwithstanding the foregoing, in the event Morgan Stanley is required by a
regulatory authority to transfer the account to another futures commission
merchant or in the event that Morgan Stanley abandons the Futures Commission
Merchant ("FCM") business, then Morgan Stanley shall have the right to terminate
this Agreement by written notice effective the date contained therein, provided
that Morgan Stanley cooperates in the transfer of open positions to another FCM
and that the termination of the Agreement is not made effective earlier than the
completion of the transfer.

Miscellaneous.

Severability. If any provision of this Agreement is, or at any time becomes,
inconsistent with any present or future law, rule or regulation of any exchange
or other market, sovereign government or regulatory body thereof, and if any of
these authorities have jurisdiction over the subject matter of this Agreement,
the inconsistent provision shall be deemed superseded or modified to conform
with such law, rule or regulation but in all other respects, this Agreement
shall continue and remain in full force and effect.

Binding Effect. This Agreement shall be binding on and inure to the benefit of
the parties and their successors. Morgan Stanley shall have the right to
transfer or assign this Agreement (and thereby the Account) to any successor
entity in its sole and absolute discretion and without obtaining the consent of
Customer.

Entire Agreement. This Agreement contains the entire agreement between the
parties and supersedes any prior agreements between the parties as to the
subject matter hereof. No provision of this Agreement shall in any respect be
waived, altered, modified, or amended unless such waiver, alteration,
modification or amendment is signed by the party against whom such waiver,
alteration, modification or amendment is to be enforced.

Currency Denomination. Unless another currency is designated in the
confirmations reporting transactions entered into by Customer, all margin
deposits in connection with such transactions, and a debit or credit in the
Account, shall be stated in United States dollars, and margin requirements,
debits or credits expressed in another currency shall be converted into United
States dollars at a rate of exchange determined by Morgan Stanley, in its sole
and absolute discretion, on the basis of the then prevailing money market rates
of exchange for such foreign currency.

Instructions, Notices or Communications. Except as specifically otherwise
provided in this Agreement, all instructions, notices or other communications
may be oral or written. All oral instructions, unless custom and usage of trade
dictate otherwise, shall be promptly confirmed in writing. All written
instructions, notices or other communications shall be addressed as follows:

if to Morgan Stanley:

                        Morgan Stanley & Co. Incorporated
                        One Pierrepont Plaza, 8th Floor
                        Brooklyn, New York 11201
                        Attention:  Commodity Operations Manager

                  if to Customer, at the address as indicated on the
                        Commodity Account Application.

Rights and Remedies Cumulative. All rights and remedies arising under this
Agreement as amended and modified from time to time are cumulative and not
exclusive of any rights or remedies which may be available at law or otherwise.

No Waiver. No failure on the part of Morgan Stanley to exercise, and no delay in
exercising, any contractual right will operate as a waiver thereof, nor will any
single or partial exercise by Morgan Stanley of any right preclude any other or
future exercise thereof or the exercise of any other partial right.

Governing Law. THE INTERPRETATION AND ENFORCEMENT OF THIS AGREEMENT AND THE
RIGHTS, OBLIGATIONS AND REMEDIES OF THE PARTIES SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD
TO PRINCIPLES OF CHOICE OF LAW.

Consent to Jurisdiction. ANY LITIGATION BETWEEN MORGAN STANLEY AND CUSTOMER
RELATING TO THIS AGREEMENT OR TRANSACTIONS HEREUNDER SHALL TAKE PLACE IN THE
COURTS OF THE STATE OF NEW YORK LOCATED IN THE BOROUGH OF MANHATTAN OR IN THE
UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK. CUSTOMER
CONSENTS TO THE SERVICE OF PROCESS BY THE MAILING TO CUSTOMER OF COPIES OF SUCH
COURT FILING BY CERTIFIED MAIL TO THE ADDRESS OF CUSTOMER AS IT APPEARS ON THE
BOOKS AND RECORDS OF MORGAN STANLEY, SUCH SERVICE TO BE EFFECTIVE TEN DAYS AFTER
MAILING. CUSTOMER HEREBY WAIVES IRREVOCABLY ANY IMMUNITY TO WHICH IT MIGHT
OTHERWISE BE ENTITLED IN ANY ARBITRATION, ACTION AT LAW, SUIT IN EQUITY OR ANY
OTHER PROCEEDING ARISING OUT OF OR BASED ON THIS AGREEMENT OR ANY TRANSACTION IN
CONNECTION HEREWITH.

Waiver of Jury Trial. Customer hereby waives a trial by jury in any action
arising out of or relating to this Agreement or any transaction in connection
therewith.

Customer Acknowledgements.

CUSTOMER HEREBY ACKNOWLEDGES THAT IT HAS RECEIVED AND UNDERSTANDS THE FOLLOWING
DISCLOSURE STATEMENT PRESCRIBED BY THE CFTC AND FURNISHED HEREWITH (please
initial):
                        |_|   Risk Disclosure Statement for Futures Options

                              (Appendix A to CFTC Rule 1.55(c) transcribed in
                              full on pages 1-3 of Booklet 2 -- Risk Disclosure
                              Statements)

If Customer has indicated on the Commodity Futures Account Application that
orders placed for the Account represent bona fide hedging transactions, please
complete the following. You should note that CFTC Regulation ss.190.06 permits
you to specify whether, in the unlikely event of Morgan Stanley's bankruptcy,
you prefer the bankruptcy trustee to liquidate all positions in the Account.
Accordingly, Customer hereby elects as follows: (please initial):

            |_|  Liquidate                      |_|  Not Liquidate

If neither alternative is initialed, Customer will be deemed to have elected to
have all positions liquidated. This election may be changed at any time by
written notice.

IN WITNESS WHEREOF, Customer has executed this Agreement on the date indicated
below.

                        Dean Witter Multi-Market Portfolio L.P.
                        ("Customer")

                                       By:  Demeter Management Corporation,
                                          General Partner

                                          /s/ Robert E. Murray
                                          ----------------------------------
                                          (Signature)
                                          (Date)

                                          Robert E. Murray, President and
                                          --------------------------------
                                          Chairman
                                          --------
                                          (Name & Title - Please Print)

                        Morgan Stanley & Co. Incorporated

                                          /s/ W. Thomas Clark
                                          --------------------------------
                                          (Signature)
                                          (Date)

                                          W. Thomas Clark, Managing Director
                                          ----------------------------------
                                          (Name & Title - Please Print)

                        Acknowledged and Agreed (as to Section 3(a) and (b))
                        Dean Witter Reynolds Inc.

                                          /s/ Robert E. Murray
                                          ----------------------------------
                                          (Signature)
                                          (Date)

                                          Robert E. Murray, Senior Vice
                                          ------------------------------
                                          President
                                          ---------
                                          (Name & Title - Please Print)EXHIBIT 10.03

                      SECURITIES ACCOUNT CONTROL AGREEMENT

SECURITIES ACCOUNT CONTROL AGREEMENT dated as of May 1, 2000 among DEAN WITTER
MULTI-MARKET PORTFOLIO, L.P. (the "Lien Grantor"), MORGAN STANLEY & CO.
INCORPORATED (the "Secured Party"), and DEAN WITTER REYNOLDS INC. (the
"Securities Intermediary"). All references herein to the "UCC" refer to the
Uniform Commercial Code as in effect from time to time in [the State of New
York]. Terms defined in the UCC have the same meanings when used herein.

                              W I T N E S S E T H :

WHEREAS,  the Lien  Grantor  is the  entitlement  holder  with  respect to the
Account (as defined below);

WHEREAS, the Lien Grantor pursuant to Section 6(f) of a Commodity Futures
Customer Agreement dated as of May 1, 2000 (the "Customer Agreement") has
granted to the Secured Party a continuing security interest (the "Security
Interest") in all right, title and interest of the Lien Grantor in, to and under
the Account, all financial assets credited thereto and all security entitlements
in respect thereof, whether now owned or existing or hereafter acquired or
arising; and

WHEREAS, the parties hereto are entering into this Agreement in order to perfect
the Security Interest in the Account, all financial assets from time to time
credited thereto and all security entitlements in respect thereof;

NOW, THEREFORE, the parties hereto agree as follows:

Establishment of Account.  The Securities Intermediary confirms that:

the Securities Intermediary has established the account numbers listed on the
attached Appendix A (which Appendix may be amended in writing by the parties
from time to time) in the name of "Dean Witter Multi-Market Portfolio, L.P."
(such account and any successor account, the "Account"),

the Account is a "securities account" as defined in Section 8-501 of the UCC,

the Securities Intermediary is acting as a "securities intermediary" (as
defined in Section 8-102 of the UCC) in respect of the Account,

the Securities Intermediary shall, subject to the terms of this Agreement, treat
the Lien Grantor as entitled to exercise the rights that comprise all financial
assets from time to time credited to the Account,

all property delivered to the Securities Intermediary by or on behalf of the
Lien Grantor for credit to the Account will be promptly credited to the
Account, and

all financial assets (except cash) credited to the Account will be registered in
the name of the Securities Intermediary, indorsed to the Securities Intermediary
or in blank or credited to another securities account maintained in the name of
the Securities Intermediary and in no case will any financial asset credited to
the Account be registered in the name of the Lien Grantor, payable to the order
of the Lien Grantor or specially indorsed to the Lien Grantor unless such
financial asset has been further indorsed to the Securities Intermediary or in
blank.

"Financial Assets" Election. The parties hereto agree that each item of property
(whether investment property, financial asset, security, instrument, cash or
other property) credited to the Account shall be treated as a "financial asset"
within the meaning of Sections 8-102(a)(9) and 8-103 of the UCC.

Entitlement Orders. The Securities Intermediary agrees to comply with any
"entitlement order" (as defined in Section 8-102 of the UCC) originated by the
Secured Party and relating to the Account or any financial asset credited
thereto without further consent by the Lien Grantor or any other person. The
Lien Grantor consents to the foregoing agreement by the Securities Intermediary.

Choice of Law. This Agreement shall be construed in accordance with and governed
by the laws of the State of New York. The State of New York shall be deemed to
be the securities intermediary's jurisdiction with respect to the Account, all
financial assets credited thereto and all security entitlements in respect
thereof for purposes of the UCC (including, without limitation, Section 8-110
thereof).

Amendments. No amendment or modification of this Agreement or waiver of any
right hereunder shall be binding on any party hereto unless it is in writing and
is signed by all the parties hereto.

Notice of Adverse Claims. Except for the claims and interests of the Secured
Party and the Lien Grantor, and security interests in favor of the Securities
Intermediary, the Securities Intermediary does not know of any claim to, or
interest in, the Account, any financial asset credited thereto or any security
entitlement in respect thereof. If any person other than the Lien Grantor, the
Secured Party or the Securities Intermediary asserts any lien, encumbrance or
adverse claim (including any writ, garnishment, judgment, attachment, execution
or similar process) against the Account, any financial asset credited thereto or
any security entitlement in respect thereof, the Securities Intermediary will
promptly notify the Secured Party and the Lien Grantor thereof.

Maintenance of Account. In addition to, and not in lieu of, the obligation of
the Securities Intermediary to honor entitlement orders as agreed in Section 3
hereof, the Securities Intermediary agrees to maintain the Account as follows:

Lien Grantor Entitlement Orders; Notice of Exclusive Control. So long as the
Securities Intermediary has not received a Notice of Exclusive Control (as
defined below), the Securities Intermediary may, subject to paragraph (ii)
below, comply with entitlement orders of the Lien Grantor or any duly authorized
agent of the Lien Grantor in respect of the Account and any or all financial
assets credited thereto. After the Securities Intermediary receives a written
notice from the Secured Party that it is exercising exclusive control over the
Account (a "Notice of Exclusive Control"), the Securities Intermediary will
cease complying with entitlement orders of the Lien Grantor and any of its
agents.

Limits on Free Deliveries From Account. Notwithstanding the provisions of
paragraph (i) above, the Securities Intermediary shall not, without specific
prior written consent of the Secured Party:

accept or comply with any entitlement order from the Lien Grantor, or any agent
of the Lien Grantor, withdrawing from the Account, or making a free delivery of,
any financial asset credited to the Account,

deliver any such financial asset to the Lien Grantor or

pay to the Lien Grantor any credit balance or other cash amount credited to
the Account.

provided that, until the Securities Intermediary receives a Notice of Exclusive
Control, the Securities Intermediary may pay to the Lien Grantor amounts
sufficient to pay all fees and expenses of, and to fund all redemptions from,
the Lien Grantor in the ordinary course of business.

Voting Rights. Until the Securities Intermediary receives a Notice of Exclusive
Control, the Lien Grantor shall be entitled to direct the Securities
Intermediary with respect to the voting of any financial assets credited to the
Account.

Statements and Confirmations. The Securities Intermediary will promptly send
copies of all statements, confirmations and other correspondence concerning the
Account and/or any financial assets credited thereto simultaneously to each of
the Lien Grantor and the Secured Party at their respective addresses specified
in Section 12 hereof.

Tax Reporting. All items of income, gain, expense and loss recognized in the
Account or in respect of any financial assets credited thereto shall be reported
to the Internal Revenue Service and all state and local taxing authorities under
the name and taxpayer identification number of the Lien Grantor.

Representations, Warranties and Covenants of the Securities Intermediary.
The Securities Intermediary makes the following representations, warranties
and covenants:

The Account has been established as set forth in Section 1 above and will be
maintained in the manner set forth herein until this Agreement is terminated.
The Securities Intermediary will not change the name or account number of the
Account without the prior written consent of the Secured Party.

No financial asset credited to the Account is or will be registered in the name
of the Lien Grantor, payable to the order of the Lien Grantor, or specially
indorsed to the Lien Grantor, unless such financial asset has been further
indorsed by the Lien Grantor to the Securities Intermediary or in blank.

This Agreement is a valid and binding agreement of the Securities Intermediary
enforceable in accordance with its terms.

The Securities Intermediary has not entered into, and until the termination of
this Agreement will not enter into, any agreement with any person (other than
the Secured Party) relating to the Account and/or any financial asset credited
thereto pursuant to which it has agreed, or will agree, to comply with
entitlement orders of such person. The Securities Intermediary has not entered
into any other agreement with the Lien Grantor or the Secured Party purporting
to limit or condition the obligation of the Securities Intermediary to comply
with entitlement orders as agreed in Section 3 hereof.

Successors.  This Agreement shall be binding upon, and shall inure to the
benefit of, the parties hereto and their respective successors and assigns.

Notices. Each notice, request or other communication given to any party
hereunder shall be in writing (which term includes facsimile or other electronic
transmission) and shall be effective (i) when delivered to such party at its
address specified below, (ii) when sent to such party by facsimile or other
electronic transmission, addressed to it at its facsimile number or electronic
address specified below, and such party sends back an electronic confirmation of
receipt or (iii) ten days after being sent to such party by certified or
registered United States mail, addressed to it at its address specified below,
with first class or airmail postage prepaid:

      Lien Grantor:Dean Witter Multi-Market Portfolio, L.P.
                  c/o Demeter Management Corporation, General Partner
                  2 World Trade Center, 62nd Floor
                  New York, NY 10048

      Secured Party:
                  Morgan Stanley & Co. Incorporated
                  1 Pierrepont Plaza, 8th Floor
                  Brooklyn, New York 11210
                  Attention: Commodity Operations Manager

      Securities Intermediary:
                  Dean Witter Reynolds Inc.
                  2 World Trade Center
                  New York, NY 10048
                  Attention: Managed Futures Department

Any party may change its address, facsimile number and/or e-mail address for
purposes of this Section by giving notice of such change to the other parties in
the manner specified above.

Termination. The rights and powers granted herein to the Secured Party (i) have
been granted in order to perfect the Security Interest, (ii) are powers coupled
with an interest and (iii) will not be affected by any bankruptcy of the Lien
Grantor or any lapse of time. The obligations of the Securities Intermediary
hereunder shall continue in effect until the Secured Party has notified the
Securities Intermediary in writing that the Transaction Lien has been terminated
pursuant to the terms of the Security Agreement.

                                       MARKET PORTFOLIO L.P.  Demeter
                                       Management Corporation, General Partner

                                       By:      /s/ Robert E. Murray
                                          --------------------------------------
                                          Name:    Robert E. Murray
                                          Title:   President and Chairman

                                       MORGAN STANLEY & CO. INCORPORATED

                                       By:     /s/ Philip Newcomb
                                          --------------------------------------
                                          Name:   Philip Newcomb
                                          Title

                                       DEAN WITTER REYNOLDS INC.

                                       By:    /s/ Robert E. Murray
                                          --------------------------------------
                                          Name:    Robert E. Murray
                                          Title:   President and Chairman

<PAGE>

                                                                       EXHIBIT A

                          [Letterhead of Secured Party]

                                     [Date]

[Name and Address of Securities Intermediary]

Attention:  ________________________

      Notice of Exclusive Control

Ladies and Gentlemen:

As referenced in the Securities Account Control Agreement dated as of May 1,
2000 among Dean Witter Multi-Market Portfolio L.P. (the "LIEN GRANTOR"), us and
you (a copy of which is attached), we notify you that we will hereafter exercise
exclusive control over securities account number __________ (the "ACCOUNT"), all
financial assets from time to time credited thereto and all security
entitlements in respect thereof. You are instructed not to accept any
directions, instructions or entitlement orders with respect to the Account or
the financial assets credited thereto from the Lien Grantor or any of its agents
unless otherwise ordered by a court of competent jurisdiction.

You are instructed to deliver a copy of this notice by facsimile transmission to
[name of Lien Grantor].

                                Very truly yours,

                                       MORGAN STANLEY & CO. INCORPORATED

                                       By:
                                          --------------------------------------
                                          Title:

cc: Dean Witter Multi-Market Portfolio L.P.

<PAGE>

                                   Appendix A

Account numbers established by the Securities Intermediary for Dean Witter
Multi-Market Portfolio L.P.

1.    779-009002
2.    779-009022

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}]]