Document:

Exhibit
10.37

June 15, 2005

John W. Henry & Company, Inc.

301 Yamato Road, Suite 2200
 Boca Raton, Fl. 33431-4931

Attn:
Mr. Ken Webster

Re: Management Agreement Renewals

Dear Mr. Webster:

We are writing with respect to your
management agreements concerning the commodity pools to which reference
is made below (the "Management Agreements").
We are extending the term of the Management Agreements through June 30,
2006 and all other provisions of the Management Agreements will remain
unchanged.

		
	• 	Shearson Mid-West
Futures Fund

		
	• 	Shearson Lehman
Select Advisors Futures Fund
L.P.

		
	• 	Smith Barney Mid-West
Futures Fund L.P. II

		
	• 	Smith
Barney Westport Futures Fund L.P.

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

		
	• 	AURORA
2001

		
	• 	AURORA
III

		
	• 	Salomon Smith Barney
Diversified 2000 Futures Fund
L.P.

		
	• 	Alera
100

		
	• 	JWH Strategic Allocation
Master Fund LLC

		
	• 	Citigroup
Diversified Futures Fund

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

Very truly yours,

CITIGROUP MANAGED FUTURES
LLC

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

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

JOHN W. HENRY & COMPANY,
INC.

By:    /s/ Ken Webster

Print
Name:    Ken Webster

DRMcA/srJune
15,  2005

John W. Henry & Company,
Inc.
301 Yamato Road, Suite 2200
Boca Raton, Fl.
33431-4931

Attn: Mr.  Ken
Webster

Re: Management Agreement
Renewals

Dear Mr. Webster:

We
are writing with respect to your management agreements concerning the
commodity pools to which reference is made below (the
"Management Agreements"). We are extending
the term of the Management Agreements through June  30,
2006 and all other provisions of the Management Agreements will remain
unchanged.

			
		• 	Shearson Mid-West Futures
Fund

			
		• 	Shearson Lehman Select Advisors
Futures Fund L.P.

			
		• 	Smith Barney Mid-West
Futures Fund L.P. II

			
		• 	Smith Barney
Westport Futures Fund L.P.

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

			
		• 	AURORA
2001

			
		• 	AURORA
III

			
		• 	Salomon Smith Barney Diversified
2000 Futures Fund L.P.

			
		• 	Alera
100

			
		• 	JWH Strategic Allocation Master Fund
LLC

			
		• 	Citigroup Diversified Futures
Fund

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

Very truly yours,

CITIGROUP
MANAGED FUTURES LLC

By: /s/ Daniel R.
McAuliffe, Jr

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

JOHN W. HENRY & COMPANY,
INC.

By: /s/ Ken
Webster

Print Name: Ken
Webster

DRMcA/srExhibit
10.40

June 15, 2005

Winton Capital Management
 1a. St. Mary Abbot's Place

Kensington, London W86LS, U.K.

Attention: Mr. Martin Hunt

Re:    Management Agreement Renewals

Dear
Mr. Hunt:

We are writing with respect to your management
agreements concerning the commodity pools to which reference is made
below (the "Management Agreements"). We are
extending the term of the Management Agreements through June 30, 2006
and all other provisions of the Management Agreements will remain
unchanged.

			
		• 	Smith Barney
Diversified Futures Fund
L.P.

			
		• 	AURORA
2001

			
		• 	AURORA
III

			
		• 	SSB Orion Futures Fund
L.P.

			
		• 	Alera Portfolio
Spc

			
		• 	CMF Winton Feeder LP
I

			
		• 	Citigroup Diversified
Futures Fund L.P.

			
		• 	CMF Winton
Master Fund L.P.

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

Very
truly yours,

							
	CITIGROUP
MANAGED FUTURES LLC
	By:		/s/
Daniel R. McAuliffe,
Jr.
	 		Daniel R.
McAuliffe, Jr.
 Chief Financial Officer & Director
	By:		/s/ Martin
Hunt
	Print Name:   Martin
Hunt
	DRMcA/sr		 
	

Exhibit 10.40

June 15,
2005

Willowbridge Associates Inc.
 101 Morgan Lane -
Suite 180
 Plainsboro, N.J. 08536

Attention: Mr Steve R.
Crane

Re:    Management Agreement Renewals

Dear Mr. Crane:

We are writing with respect to your
management agreements concerning the commodity pools to which reference
is made below (the "Management Agreements").
We are extending the term of the Management Agreements through June 30,
2006 and all other provisions of the Management Agreements will remain
unchanged.

			
		• 	Salomon Smith
Barney Orion Futures Fund L.P.

			
		• 	Smith Barney Diversified Futures
Fund L.P.

			
		• 	Smith Barney
Diversified Futures Fund L.P.
II

			
		• 	Citigroup Diversified
Futures Fund L.P.

			
		• 	Alera
100

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

Very truly
yours,

							
	CITIGROUP
MANAGED FUTURES LLC
	By:		/s/
Daniel R. McAuliffe,
Jr.
	 		Daniel R.
McAuliffe, Jr.
 Chief Financial Officer & Director
	By:		/s/ Steven R.
Crane
	Print Name:   Steven R.
Crane
	DRMcA/sr		 
	

Exhibit
10.40

June 15, 2005

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

Attention: Mr. Paul Sedlack

Re:    Management Agreement Renewals

Dear
Mr. Sedlack:

We are writing with respect to your management
agreements concerning the commodity pools to which reference is made
below (the "Management Agreements"). We are
extending the term of the Management Agreements through June 30, 2006
and all other provisions of the Management Agreements will remain
unchanged.

			
		• 	Smith Barney Global
Markets Futures Fund

			
		• 	Smith
Barney Diversified Futures Fund L.P.
II

			
		• 	Smith Barney Diversified
Futures Fund L.P.

			
		• 	Salomon
Smith Barney Diversified 2000 Futures Fund L.P.

			
		• 	AURORA
2001

			
		• 	AURORA
III

			
		• 	Salomon Smith Barney
Fairfield Futures Fund
L.P.

			
		• 	Citigroup Diversified
Futures Fund L.P.

			
		• 	Citigroup
Fairfield Futures Fund L.P.
II

			
		• 	Alera
100

			
		• 	Alera Portfolio Spc

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

Very truly
yours,

							
	CITIGROUP
MANAGED FUTURES LLC
	By:		/s/
Daniel R. McAuliffe,
Jr.
	 		Daniel R.
McAuliffe, Jr.
 Chief Financial Officer & Director
	By:		/s/ Paul
Sedlack
	Print Name:   Paul
Sedlack
	DRMcA/sr		 
	

Exhibit
10.40

May 31, 2005

Campbell & Company,
Inc.
 Court Tower Building
 210 West Pennsylvania Avenue

Suite 770
 Towson, MD 21204

Attn: Ms. Terry Becks

Re:    Management Agreement Renewals

Dear
Ms. Becks:

We are writing with respect to your management
agreements concerning the commodity pools to which reference is made
below (the "Management Agreements"). We are
extending the term of the Management Agreements through June 30, 2006
and all other provisions of the Management Agreements will remain
unchanged.

			
		• 	Smith Barney
Potomac Futures Fund
L.P.

			
		• 	Smith Barney Diversified
Futures Fund L.P.

			
		• 	Smith Barney
Diversified Futures Fund L.P.
II

			
		• 	Smith Barney Global Markets
Futures Fund L.P.

			
		• 	Smith Barney
Global Diversified Futures Fund
L.P.

			
		• 	Salomon Smith Barney
Diversified 2000 Futures Fund
L.P.

			
		• 	AURORA
2001

			
		• 	AURORA
III

			
		• 	CMF Campbell Master Fund
L.P.

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

Very truly
yours,

							
	CITIGROUP
MANAGED FUTURES LLC
	By:		/s/
Daniel R. McAuliffe,
Jr.
	 		Daniel R.
McAuliffe, Jr.
 Chief Financial Officer & Director
	CAMPBELL & COMPANY, INC.
	By:		/s/ Terry
Becks
	Print Name:   Terry
Becks
	DRMcA/srExhibit
10.8

June 15, 2005

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

Attention: Mr. Paul
Sedlack

Re: Management Agreement Renewals

Dear Mr. Sedlack:

We are writing with respect
to your management agreements concerning the commodity pools to which
reference is made below (the "Management
Agreements"). We are extending the term of the Management
Agreements through June 30, 2006 and all other provisions of the
Management Agreements will remain
unchanged.

		
	• 	Smith Barney Global Markets
Futures Fund

		
	• 	Smith Barney Diversified
Futures Fund L.P. II

		
	• 	Smith Barney
Diversified Futures Fund L.P.

		
	• 	Salomon
Smith Barney Diversified 2000 Futures Fund L.P.

		
	• 	AURORA
2001

		
	• 	AURORA
III

		
	• 	Salomon Smith Barney Fairfield
Futures Fund L.P.

		
	• 	Citigroup Diversified
Futures Fund L.P.

		
	• 	Citigroup Fairfield
Futures Fund L.P. II

		
	• 	Alera
100

		
	• 	Alera Portfolio Spc

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

Very truly
yours,

CITIGROUP MANAGED FUTURES LLC

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

 Daniel R. McAuliffe, Jr.

Chief Financial Officer & Director

		
	By: 	/s/ Paul
Sedlack                                    

Print Name:    Paul
Sedlack                         

DRMcA/srExhibit
10.13

June 15, 2005

John W.
Henry & Company, Inc.
 301 Yamato Road, Suite 2200
 Boca
Raton, Fl. 33431-4931

Attn: Mr. Ken Webster

Re:    Management Agreement Renewals

Dear Mr. Webster:

We are writing with respect
to your management agreements concerning the commodity pools to which
reference is made below (the "Management
Agreements"). We are extending the term of the Management
Agreements through June 30, 2006 and all other provisions of the
Management Agreements will remain
unchanged.

			
		• 	Shearson Mid-West
Futures Fund

			
		• 	Shearson Lehman
Select Advisors Futures Fund
L.P.

			
		• 	Smith Barney Mid-West
Futures Fund L.P. II

			
		• 	Smith
Barney Westport Futures Fund L.P.

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

			
		• 	AURORA
2001

			
		• 	AURORA
III

			
		• 	Citigroup Diversified
Futures Fund

			
		• 	Salomon Smith
Barney Diversified 2000 Futures Fund
L.P.

			
		• 	Alera
100

			
		• 	JWH Strategic Allocation
Master Fund LLC

Page 2

June
15, 2005

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

Very
truly yours,

CITIGROUP MANAGED FUTURES LLC

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

Daniel R. McAuliffe, Jr.
 Chief
Financial Officer & Director
	JOHN W. HENRY & COMPANY, INC.
	By:		/s/ Ken Webster
	Print Name:   Ken
Webster
	

DRMcA/sr

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