<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
X Annual Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
[Fee Required]
For the Fiscal Year Ended: October 31, 1996
Transition Report Pursuant to Section 13
or 15(d) of the Securities Exchange Act of 1934
[No Fee Required]
Commission File Number: 0-9202
THE FUTURE FUND
(Exact name of registrant as specified in its charter)
Illinois 36-3033727
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
c/o HEINOLD ASSET MANAGEMENT, INC.
440 South LaSalle
20th Floor
Chicago, Illinois 60605
(Address of principal executive offices)
Registrant's telephone number, including area code:
(312) 663-7500
Securities registered pursuant to Section 12(b) of the Act:
None
Securities registered pursuant to Section 12(g) of the Act:
Limited Partnership Units
Indicate by check mark whether the registrant (1) filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes X No
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of the registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. X
The registrant is a limited partnership and, accordingly, has no voting stock
held by nonaffiliates or otherwise.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of
Chicago and State of Illinois on the 24th day of January, 1997.
THE FUTURE FUND
By HEINOLD ASSET MANAGEMENT, INC.
General Partner
By /s/ Daniel E. Ragen
Daniel E. Ragen
President
Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
General Partner of the Registrant in the capacities and on the date indicated.
<TABLE>
<S> <C> <C>
/s/ Lee E. Meyer Chief Financial Officer January 24, 1997
- - ------------------- (principal accounting officer)
Lee E. Meyer
/s/ Ned W. Bennett Director January 24, 1997
- - -------------------
Ned W. Bennett
/s/ Thomas M. Harte Director January 24, 1997
- - -------------------
Thomas M. Harte
/s/ Ira Polk Director January 24, 1997
- - -------------------
Ira Polk
/s/ Gary M. Rindner Director January 24, 1997
- - -------------------
Gary M. Rindner
/s/ Daniel E. Ragen President January 24, 1997
- - ------------------- (principal executive
Daniel E. Ragen officer) and Director
</TABLE>
(Being the principal executive officer, the principal financial and
accounting officer, and a majority of the directors of Heinold Asset
Management, Inc.)
<TABLE>
<S> <C> <C>
HEINOLD ASSET General Partner of January 24, 1997
MANAGEMENT, INC. Registrant
</TABLE>
By/s/ Daniel E. Ragen
-------------------
Daniel E. Ragen
President
<TABLE> <S> <C>
<ARTICLE> BD
<CURRENCY> U.S. DOLLARS
<S> <C> <C>
<PERIOD-TYPE> 12-MOS 12-MOS
<FISCAL-YEAR-END> OCT-31-1996 OCT-31-1995
<PERIOD-START> OCT-31-1995 OCT-31-1994
<PERIOD-END> OCT-31-1996 OCT-31-1995
<EXCHANGE-RATE> 1 1
<CASH> 12,466,522 1,135,614
<RECEIVABLES> 2,353,208 224,329
<SECURITIES-RESALE> 44,422 13,884,966
<SECURITIES-BORROWED> 0 0
<INSTRUMENTS-OWNED> 0 0
<PP&E> 0 0
<TOTAL-ASSETS> 14,864,152 15,244,909
<SHORT-TERM> 0 0
<PAYABLES> 508,246 192,611
<REPOS-SOLD> 0 0
<SECURITIES-LOANED> 0 0
<INSTRUMENTS-SOLD> 0 0
<LONG-TERM> 0 0
14,355,906 15,052,298
0 0
<COMMON> 0 0
<OTHER-SE> 0 0
<TOTAL-LIABILITY-AND-EQUITY> 14,864,152 15,244,909
<TRADING-REVENUE> 3,994,809 2,226,647
<INTEREST-DIVIDENDS> 685,594 845,122
<COMMISSIONS> (1,002,522) (1,181,262)
<INVESTMENT-BANKING-REVENUES> 0 0
<FEE-REVENUE> 0 0
<INTEREST-EXPENSE> 0 0
<COMPENSATION> (1,363,167) (1,222,759)
<INCOME-PRETAX> 2,314,714 667,748
<INCOME-PRE-EXTRAORDINARY> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 2,314,714 667,748
<EPS-PRIMARY> 0 0
<EPS-DILUTED> 0 0
</TABLE>
