SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 1, 1997
IDS Managed Futures, L.P.
(Exact name of registrant as specified in its charter)
Delaware 0-16515 06-1189438
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
organization)
Sears Tower, 233 S. Wacker Dr., Suite 2300, Chicago, IL 60606
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 312-460-4000
_________________________________________________
(Former name or former address, if changed since last report).
Item 1. Changes in Control of Registrant
Not Applicable.
Item 2. Acquisition or Disposition of Assets
Not Applicable.
Item 3. Bankruptcy or Receivership
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant
Not Applicable.
Item 5. Other Events
On April 1, 1997 Sabre Fund Management Limited ("Sabre"),
a commodity trading advisor of the Registrant, was given notice
that effective April 30, 1997, the Registrant will terminate
the trading advisory services of Sabre. The general partners of
the Registrant are currently in the process of selecting a new
trading advisor to replace Sabre and anticipate selecting the new
trading advisor no later than July 31, 1997.
As of February 28, 1997, John W. Henry and Company,
Inc. ("JWH"), a commodity trading advisor of the Registrant,
managed approximately 65% of the assets of the Registrant and
Sabre managed approximately 35% of the assets of the Registrant.
Effective May 1, 1997, 50% of the proceeds solicited during the
current offering will be allocated to JWH to be traded in
accordance with the JWH Financial and Metals Portfolio and 50%
(together with the 35% of the assets of the Registrant previously
managed by Sabre) will be deposited with Cargill Investor
Services, Inc., the clearing broker of the Registrant, earning
interest income paid by the clearing broker on other assets of
the Registrant until such time as the general partners select the
new trading advisor.
Item 6. Resignations of Registrant's Directors
Not Applicable.
Item 7. Financial Statements and Exhibits
Not Applicable.
Item 8. Change in Fiscal Year.
Not Applicable.
SIGNATURES
Pursuant to the requirements 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.
DATE: April 10, 1997 IDS MANAGED FUTURES, L.P.
(Registrant)
IDS Futures Corporation,
General Partner
BY: /s/ Lori J. Larson
Lori J. Larson
President
CIS Investments, Inc.,
General Partner
BY: /s/ Barbara A. Pfendler
Barbara A. Pfendler
Vice President
