Smith Barney Futures Management LLC
                         388 Greenwich Street, 7th Floor
                          New York, New York 10013-2396

May 31, 2000


John W. Henry & Company, Inc.
One Glendinning Place
Westport, Ct. 06880
Attn: Ms. Beth Kenton

         Re:      Management Agreement Renewals

Dear Ms. Kenton:

We are  writing  with  respect  to your  management  agreements  concerning  the
commodity pools to which reference is made below (the "Management  Agreements").
We are extending the term of the Management  Agreements through June 30, 2001and
all other provisions of the Management Agreements will remain unchanged.

o        Hutton Investors Futures Fund, L.P. II  (HIFF II)
o        Shearson Lehman Select Advisors Futures Fund L.P.
o        Shearson Mid-West Futures Fund
o        Smith Barney Mid-West Futures Fund L.P. II
o        Smith Barney Diversified Futures Fund L.P.
o        Smith Barney Diversified Futures Fund L.P. II
o        Smith Barney Principal Plus Futures Fund L.P.
o        Smith Barney Principal Plus Futures Fund L.P. II
o        Smith Barney Westport Futures Fund L.P.

Please  acknowledge  receipt of this  modification  by signing  one copy of this
letter and returning it to the  attention of Mr. Daniel  Dantuono at the address
above or fax to  212-723-8985.  If you have any  questions  I can be  reached at
212-723-5416.

Very truly yours,

SMITH BARNEY FUTURES MANAGEMENT LLC

By:
         Daniel A. Dantuono
         Chief Financial Officer,
         Director & Treasurer

JOHN W. HENRY & COMPANY, INC.

By:

Print Name:
DAD/sr