Smith Barney Futures Management LLC
388 Greenwich Street 7th Fl
New York, NY 10013
By Edgar
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, D.C. 20549
Re: Salomon Smith Barney Diversified 2000 Futures Fund L.P.
Supplement to Registration Statement on Form S-1
File No. 333-87663
Ladies and Gentlemen:
On Behalf of Salomon Smith Barney Diversified 2000 Futures Fund L.P. (the
"Partnership") I am transmitting herewith for filing, pursuant to Rule 424 (b)
(3) of the Securities Act 0f 1933, as amended, a Supplement dated August 31,
2000 to the Partnership's final prospectus dated January 31, 2000.
Should you have any questions, please telephone me at 212-723-5424.
Very truly yours,
/s/ Daniel A. Dantuono
Daniel A. Dantuono
Chief Financial Officer and
Director
Enclosures
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Salomon Smith Barney
Diversified 2000 Futures Fund L.P.
August 2000
The redemption value per unit of Salomon Smith Barney Diversified 2000 Futures
Fund L.P. was $997.84 per unit at the end of August, up 3.6% for the month.
The Fund was profitable for the month as gains in energy, stock indices,
livestock and softs outpaced losses in currencies and grains.
The energy sector lead all sectors in profits for the month. After July's sharp
sell-off, energy prices continued their strong uptrend that began in mid-April
generating solid profits for advisors' long positions. By month's end, crude oil
prices had moved back over $33 per barrel.
Stock index trading was also profitable for the month, mainly from U.S. indices.
Gains in the S&P 500, Russell 2000, Midcap 400 were aided by positive
performance in the FTSE and Nikkei 225.
Gains were posted in the softs and livestock sectors. Sugar continued its
advance on late-month Asian buying when prices lagged briefly. Profits were also
earned on short positions in coffee and cocoa as those commodities remain near
contract lows.
The interest rate sector was mixed for the month. Profitable trading in U.S.
interest rate products slightly exceeded losses in Japanese Government Bonds
which reversed in the wake of the Bank of Japan's decision to raise interest
rates there for the first time in ten years. Currencies proved unprofitable for
the month mainly due to positions in the Japanese yen and the Euro.
In general, the markets seem to be setting up for further transitions in
reaction to higher U.S. interest rates, higher energy prices, corporate earnings
below expectations and the uncertainty of the impending U.S. elections.
Smith Barney Futures Management LLC
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<PAGE>
Salomon Smith Barney
Diversified 2000 Futures Fund L.P.
Account Statement
For the Period August 1,
Through August 31, 2000
Percent
of
Average
Net
Assets
Realized gains from trading $440,364 2.27%
Change in unrealized gains/losses
from trading 488,810 2.53
------------ ----
929,174 4.80
Less, Brokerage commissions
and clearing fees ($2,799) 100,658 0.52
------------ ----
Net realized and unrealized gains 828,516 4.28
Interest Income 83,042 0.43
------------ ----
911,558 4.71
Less, Expenses:
Management fees 32,644 0.18
Incentive fees 129,754 0.67
Other expenses 12,201 0.06
------------ -----
174,599 0.91
----------- ----
Net Income 736,959 3.80%
-----
Additions, (21.8035 G.P. units
at July 31, 2000 net asset value
per unit of $963.15) 21,000
Additions, (2,075.4815 L.P. units
at July 31, 2000 net asset value
per unit of $963.15) 1,999,000
Redemptions, (56 L.P. units
at August 31, 2000 net asset value
per unit of $997.84) (55,879)
------------
Increase in net assets 2,701,080
Net assets, July 31, 2000 17,012,368
------------
Net assets, August 31, 2000 $19,713,448
-------------
Net asset value per unit
($19,713,448/20,429.6519 units) $964.94
-------------
Redemption value per unit (Note 1) $997.84
-------------
Note 1: For the purpose of a redemption, any accrued liability for reimbursement
of offering and organization expenses will not reduce net asset value per unit.
As a result, the reported redemption value per unit is $997.84.
The net asset value per unit of $964.94 is reflective of charging offering and
organizational expenses against the initial capital of the fund and is reported
for financial reporting purposes only.
To the best of the knowledge and belief of the undersigned, the information
contained herein is accurate and complete.
By: /s/ Daniel A. Dantuono
Daniel A. Dantuono,
Chief Financial Officer
Smith Barney Futures Management LLC
General Partner, Salomon Smith Barney
Diversified 2000 Futures Fund L.P.
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