June 1, 1999 TrendLogic Associates 1 Fawcett Place - 2nd Place Greenwich, Ct. 06830 Attention: Mr. Mark Dean Re: Management Agreement Renewal Hutton Investors Futures Fund II Dear Mr. Dean: We are writing with respect to your management agreement...

June 1, 1999



TrendLogic Associates
▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ - ▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇▇▇, ▇▇. ▇▇▇▇▇

Attention:  ▇▇. ▇▇▇▇ ▇▇▇▇

         Re:      Management Agreement ▇▇▇▇▇▇▇
                  ▇▇▇▇▇▇ Investors Futures Fund II

Dear ▇▇. ▇▇▇▇:

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 ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
at the address above or fax to ▇▇▇-▇▇▇-▇▇▇▇.  If you have any questions I can be
reached at ▇▇▇-▇▇▇-▇▇▇▇.

Very truly yours,

▇▇▇▇▇ ▇▇▇▇▇▇ FUTURES MANAGEMENT INC.



By:
         ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
         Chief Financial Officer,
         Director & Treasurer


AGREED AND ACCEPTED

TRENDLOGIC ASSOCIATES

By:

Print Name:

DAD/sr