0000923660-03-000002 Sample Contracts

Smith Barney Futures Management LLC 388 Greenwich Street, 7th Floor New York, New York 10013-2396 June 11, 2002 Capital Fund Management 109-11 Rue V. Hugo 92532 Levallois France Attention: Jean-Pierre Aguilar, CFO Re: Management Agreement Renewals...
Management Agreement • April 11th, 2003 • Smith Barney Diversified Futures Fund L P Ii • Real estate investment trusts

We are writing with respect to your management agreement concerning the commodity pool to which reference is made below (the "Management Agreement"). We are extending the term of the Management Agreement through June 30, 2003 and all other provisions of the Management Agreement will remain unchanged.

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