Form of Renewal Agreement Smith Barney Futures Management LLC 388 Greenwich Street, 7th Floor New York, New York 10013-2396 June 22, 1997 Campbell & Company, Inc. Court Tower Building, Towson 210 West Pennsylvania Avenue Suite 770 Baltimore, MD 212104...

                            Form of Renewal Agreement
                       Xxxxx Xxxxxx Futures Management LLC
                         000 Xxxxxxxxx Xxxxxx, 0xx Xxxxx
                          Xxx Xxxx, Xxx Xxxx 00000-0000



June 22, 1997



Xxxxxxxx & Company, Inc.
Court Tower Building, Towson
000 Xxxx Xxxxxxxxxxxx Xxxxxx
Xxxxx 000
Xxxxxxxxx, XX 000000

Attn: Xx. Xxxxx Xxxxxxx

         Re:      Management Agreement Renewals
                  Xxxxx Xxxxxx Potomac Futures  Fund L.P.


Dear Xx. Xxxxxxx:

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, 1997
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 LLC


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

AGREED AND ACCEPTED
XXXXXXXX & CO. INC.


By:
Print Name:  Xxxxxxx X. Xxxxxxx