SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING


                                              Commission File No. 333-61217

      | | Form 10-K | | Form 20-F | | Form 11-K |X| Form 10-Q | | Form NSAR

For the period ended: March 31, 2007

| |   Transition Report on Form 10-K
| |   Transition Report on Form 20-F
| |   Transition Report on Form 11-K
| |   Transition Report on Form 10-Q
| |   Transition Report on Form NSAR

For the transition period ended:

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  Read attached Instruction Sheet Before Preparing Form. Please Print or Type.


Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.

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 If the notification related to a portion of the filing checked above, identify
                   the item(s) to which notification relates:

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Part I-Registrant Information
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  Full name of Registrant:         Atlas Futures Fund, Limited Partnership
  Former name if Applicable:
  Address of Principal Executive
   Office (Street and Number):     505 Brookfield Drive
  City, State and Zip Code:        Dover, DE 19901

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Part II-Rule 12b-25(b) and (c)
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If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed.(Check box if appropriate.)

          (a) The reasons described in detail in Part III of this form could not
          be eliminated without unreasonable effort or expense;
|X|
          (b) The subject annual report, semi-annual report, transition report
          of Forms 10-K, 10-KSB, 20-F, 11-K or Form N-SAR, or portion thereof
          will be filed on or before the 15th calendar day following the
          prescribed due date; or the subject quarterly report or transition
          report on Form 10-Q, 10-QSB, or portion thereof will be filed on or
          before the fifth calendar day following the prescribed due date; and

          (c) The accountant's statement or other exhibit required by Rule
          12b-25(c) has been attached if applicable.

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Part III-Narrative
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State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
10-QSB, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period.

The Registrant requires additional time to complete the review of its financial
statements and description of its controls and procedures.  It cannot complete
this review by the due date of the subject report without unreasonable effort
or expense.

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Part IV-Other Information
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   (1)    Name and telephone number of person to contact in regard to this
notification:

          Michael Pacult                        260             833-1360
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             (Name)                         (Area Code)    (Telephone Number)


   (2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of
1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed?
                                                               |X| Yes   | | No
If the answer is no, identify report(s)


   (3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
                                                                | | Yes   |X| No

If so: attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.

                     Atlas Futures Fund, Limited Partnership
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                   Name of Registrant as Specified in Charter

Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.

Registrant:			Atlas Futures Fund, Limited Partnership
				By Ashley Capital Management, Inc.
				Its General Partner


				By: 	/s/ Michael Pacult
					Mr. Michael Pacult
					Sole Director, Sole Shareholder,
					President, and Treasurer of the
					General Partner

Date:	May 15, 2007

INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.

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                                    ATTENTION

   Intentional misstatements or omissions of fact constitute Federal Criminal
                        Violations (See 18 U.S.C. 1001).
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