June 1, 1999
AAA Capital Management
5065 Westheimer - Suite 900
Houston, TX 77056
Attention: Ms. Barbara Weddle
RE: Management Agreement Renewal
Smith Barney AAA Energy Fund L.P.
Dear Ms. Weddle:
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
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 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 INC.
By:
Chief Financial Officer,
Director & Treasurer
AGREED AND ACCEPTED
AAA CAPITAL MANAGEMENT
By:
Print Name:
DAD/sr
