EXHIBIT 1.2
IDS MANAGED FUTURES, L.P.
FIRST AMENDMENT TO
SELLING AGREEMENT DATED JUNE 26, 1995
This First Amendment made as of _____________, 1997, among IDS Managed
Futures, L.P., a Delaware limited partnership ("PARTNERSHIP"); American Express
Financial Advisors Inc., a Delaware corporation ("SELLING AGENT"); CIS
Investments, Inc., a Delaware corporation ("CISI"); and IDS Futures
Corporation, a Minnesota corporation ("IDS FUTURES") (CISI and IDS Futures are
collectively referred to as the "GENERAL PARTNERS"), is made on the following
premises, terms and conditions:
RECITALS
WHEREAS, the parties hereto have entered into that certain Selling
Agreement dated as of June 26, 1995 (the "SELLING AGREEMENT"); and
WHEREAS, the parties desire to amend the Selling Agreement to extend the
term of the Selling Agreement;
NOW, THEREFORE, in consideration of the premises and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged and confessed, the parties hereto hereby agree as follows:
1. The second sentence of Section 5(a) of the Selling Agreement is
hereby amended to read in its entirety as follows:
The Selling Agent agrees to use its best efforts to procure
subscriptions for the Units at the price per Unit set forth
in the Prospectus and to continue such efforts to and
including July 31, 1999, unless all of the Units registered
are sold prior to that date or the General Partners
determine to extend the offering of Units beyond such date.
2. Except as specifically amended by this document, the Selling
Agreement shall remain unchanged and shall continue in full force and effect.
IN WITNESS WHEREOF, this First Amendment has been executed on behalf of
the Partnership by its General Partners and on behalf of each corporate party
by its duly authorized officer all as of the day and year first above written.
IDS MANAGED FUTURES, L.P.
By: CIS Investments, Inc., General
Partner
By _______________________________________
Its ____________________________________
By: IDS Futures Corporation, General
Partner
By _______________________________________
Its ____________________________________
AMERICAN EXPRESS FINANCIAL ADVISORS INC.
By _______________________________________
Its ____________________________________
CIS INVESTMENTS, INC.
By _______________________________________
Its ____________________________________
IDS FUTURES CORPORATION
By _______________________________________
Its ____________________________________
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