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 October 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.
October 2000
The redemption value of Salomon Smith Barney Diversified 2000 Futures Fund L.P.
was $964.21 per unit at the end of October,
up +1.1% from the previous month.
Markets stabilized in October after the turmoil of September and provided
improved trading opportunities for the Fund's advisors.
The currency markets produced the greatest gains for the month as the U.S.
dollar continued its strength against European, Pacific basin and Asian
currencies. Most successful were positions in the Australian dollar, British
pound, Euro and the Japanese yen.
The respective interest rate markets were marginally profitable as U.S. markets
were stable but the international markets were more volatile and ended with a
slight overall loss. The energy markets were mixed as crude oil positions
produced profits while the heating oil and natural gas markets became highly
volatile in the wake of a shifting weather patterns. Copper prices reversed from
prior trends and moved to new lows suggesting that the higher interest rates may
be having an effect on the high growth U.S. economy.
Also reflecting an impending economic slowdown were the global stock markets
which continued the second half of the year in negative territory. Light
positions in these markets were unprofitable for the Fund's advisors.
November is expected to be a pivotal month as commodity trends appear to be
stabilizing and financial markets remain soft. Numerous variables can shape the
upcoming months including, continued unrest in the Middle East compounding the
global energy shortage, instability in the equity markets, and finally a
resolution to the U.S. presidential election. Each of these factors has the
ability to influence market prices significantly and produce increase
opportunities for the Fund.
Smith Barney Futures Management LLC
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Salomon Smith Barney
Diversified 2000 Futures Fund L.P.
Account Statement
For the Period October 1,
Through October 31, 2000
Percent
of
Average
Net
Assets
Realized losses from trading $(761,713) (3.13)%
Change in unrealized gains/losses
from trading 1,238,061 5.09
------------ ------
476,348 1.96
Less, Brokerage commissions
and clearing fees ($3,512) 124,180 0.51
------------ ------
Net realized and unrealized gains 352,168 1.45
Interest Income 101,392 0.42
------------ ------
453,560 1.87
Less, Expenses:
Management fees 40,330 0.17
Incentive fees 100,318 0.41
Other expenses 11,936 0.05
------------ ------
152,584 0.63
------------ ------
Net Income 300,976 1.24%
-------
Additions, (18.8735 G.P. units
at September 30, 2000 net asset
value per unit of $953.72) 18,000
Additions, (1,748.9410 L.P. units
at September 30, 2000 net asset
value per unit of $953.72) 1,668,000
Redemptions, (176.4120 L.P. units
at October 31, 2000 net asset
value per unit of $964.21) (170,098)
------------
Increase in net assets 1,816,878
Net assets, September 30, 2000 22,549,527
------------
Net assets, October 31, 2000 $24,366,405
-------------
Net asset value per unit
($24,366,405/25,911.5962 units) $940.37
-------------
Redemption value per unit (Note 1) $964.21
-------------
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 $964.21.
The net asset value per unit of $940.37 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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