PART II OTHER INFORMATION

Item 1.  Legal Proceedings

         For  information  concerning the suit filed by Harris Trust and Savings
Bank (as  trustee  for  Ameritech  Pension  Trust)  and others  against  Salomon
Brothers Inc., and Salomon Brothers Realty Corporation, see the description that
appears in the second and third  paragraphs  under the  caption  Item 3.  "Legal
Proceedings" on Form 10-K for the year ended December 31, 1998. In October 1999,
plaintiffs  filed a petition for certiorari  with the U. S. Supreme  Court.  The
petition  seeks  review of the U.S.  Court of Appeals for the Seventh  Circuit's
decision  reversing the denial of  defendants'  motion for summary  judgment and
dismissing the sole remaining ERISA claim against the Company.

         For information  concerning a purported class action in Florida against
numerous  broker-dealers  including Salomon Smith Barney Inc.  ("SSB"),  see the
description that appears in the sixth paragraph under the caption Item 3. "Legal
Proceedings"  on Form 10-K for the year ending  December  31,  1998.  In October
1999, plaintiff filed a second amended complaint.

         In March 1999, a complaint  seeking in excess of $250 million was filed
by a hedge fund and its investment  advisor  against SSB in the Supreme Court of
the  State of New  York,  County of New York  (MKP  Master  Fund,  LDC et al. v.
Salomon Smith Barney Inc.).  Plaintiffs allege that, while acting as their prime
broker SSB breached its contracts with plaintiffs, converted plaintiffs' monies,
and engaged in tortious  conduct,  including  breaching its fiduciary duties. In
October  1999,  the Court  granted in part and  denied in part  SSB's  motion to
dismiss the complaint.  The court dismissed  plaintiffs' tort claims,  including
the breach of  fiduciary  duty  claims,  but allowed the breach of contract  and
conversion  claims to  stand.  The  Company  intends  to  contest  this  lawsuit
vigorously.

Item 2.     Changes in Securities and Use of Proceeds

     The Partnership continues to offer units at the net asset value per Unit as
of the end of each quarter. For the three months ended September 30, 1999, there
were additional sales of 941.1904 Units totaling $1,751,000.

     Proceeds  from the sale of  additional  Units  are used in the  trading  of
commodity interests including futures contracts, options and forward contracts.

Item 3.     Defaults Upon Senior Securities - None
Item 4.     Submission of Matters to a Vote of Security Holders -
None
Item 5.     Other Information - None
Item 6.     (a) Exhibits - None
            (b) Reports on Form 8-K - None


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