June 1, 1999 Trendview Management Inc. 600 B Street - Suite 1650 San Diego, California 92101 Attention: Mr. Clark Smith Re: Management Agreement Renewal Smith Barney Diversified Futures Fund L.P. Dear Mr. Smith: We are writing with respect to your...

June 1, 1999



Trendview Management Inc.
000 X Xxxxxx - Xxxxx 0000
Xxx Xxxxx, Xxxxxxxxxx 00000

Attention:  Xx. Xxxxx Xxxxx

         Re:      Management Agreement Xxxxxxx
                  Xxxxx Xxxxxx Diversified Futures Fund L.P.

Dear Xx. Xxxxx:

We are  writing  with  respect  to  your  management  agreement  concerning  the
commodity pool to which reference is made above (the "Management Agreement"). We
would like to extend the term of the Management  Agreement through June 30, 2000
and.all other provisions of the Management Agreement will remain unchanged.

Please indicate your agreement to and acceptance of this modification by signing
one copy of this letter and returning it to the attention of Xx. Xxxxxx Xxxxxxxx
at the address above or fax to 000-000-0000.  If you have any questions I can be
reached at 000-000-0000.

Very truly yours,

XXXXX XXXXXX FUTURES MANAGEMENT INC.



By:
         Xxxxxx X. Xxxxxxxx
         Chief Financial Officer,
         Director & Treasurer

AGREED AND ACCEPTED

TRENDVIEW MANAGEMENT INC.

By:

Print Name:

DAD/sr