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 September 30,
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
1
<PAGE>
Salomon Smith Barney
Diversified 2000 Futures Fund L.P.
September 2000
The redemption value of Salomon Smith Barney Diversified 2000 Futures Fund L.P.
was $953.72 per unit at the end of September.
The month was unprofitable as many of the trends that had powered profits in
August and the first part of September reversed precipitously and entered a
period of interim volatility.
The significant event of the month was the surprise intervention on September 22
by G-7 central banks in support of the Euro and the near simultaneous
intervention in the energy markets initiated by the announcement of the release
of crude oil from the Strategic Petroleum Reserve. Just as the currency
intervention had a transitory but the nonetheless dramatic impact on the Euro,
the move by the U.S. government in the energy markets resulted in profit give
back to long-building profitable energy trades.
The metals sector achieved gains from positions in gold, silver, and copper.
Copper prices have been supported by falling inventories and strong demand for
most of the month. Short gold positions added value as prices tracked the Euro
and ended the month lower.
Interest rate product performance was mixed. Domestically, gains in Eurodollar
deposits and short-term debt futures were mitigated by losses in the U.S.
30-year bond, which fell sharply on fears of higher energy prices and
lower-than-anticipated federal budget surpluses. In non-U.S. interest rate
products, losses were felt when another interest rate hike by the European
Central Bank resulted in generally choppy trading conditions.
The largest losses were incurred in the stock index sector. The weak summer
rally reversed on concerns over near-record energy costs and ongoing earnings
worries particularly for some bellwether technology companies.
Smith Barney Futures Management LLC
2
<PAGE>
Salomon Smith Barney
Diversified 2000 Futures Fund L.P.
Account Statement
For the Period September 1,
Through September 30, 2000
Percent
of
Average
Net
Assets
Realized gains from trading $200,818 0.87%
Change in unrealized gains/losses
from trading (1,289,897) (5.58)
------------ ------
(1,089,079) (4.71)
Add, Brokerage commissions
and clearing fees ($5,443) 115,414 0.50
------------ ------
Net realized and unrealized losses (1,204,493) (5.21)
Interest Income 95,561 0.41
------------ ------
(1,108,932) (4.80)
Less, Expenses:
Management fees 35,721 0.16
Incentive fees (107,586) (0.47)
Other expenses 11,816 0.05
------------ ------
(60,049) (0.26)
----------- ------
Net Loss (1,048,883) (4.54)%
-------
Additions, (38.0823 G.P. units
at August 31, 2000 net asset
value per unit of $997.84) 38,000
Additions, (3,916.4595 L.P. units
at August 31, 2000 net asset
value per unit of $997.84) 3,908,000
Redemptions, (64.0000 L.P. units
at September 30, 2000 net asset
value per unit of $953.72) (61,038)
------------
Increase in net assets 2,836,079
Net assets, August 31, 2000 19,713,448
------------
Net assets, September 30, 2000 $22,549,527
-------------
Net asset value per unit
($22,549,527/24,320.1937 units) $927.19
-------------
Redemption value per unit (Note 1) $953.72
-------------
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 $953.72.
The net asset value per unit of $927.19 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.
3
