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 30, 1997
IDS Managed Futures, L.P.
(Exact name of registrant as specified in its charter)
0-16515
(Commission File Number)
Delaware 06-1189438
(State or other (IRS Employer
jurisdiction of 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
The General Partners determined not to proceed with the
previously reported April 30, 1997 termination of Sabre Fund
Management Limited ("Sabre") as a trading advisor to the
Registrant. The General Partners directed Sabre to continue
trading for the Registrant at this time.
The General Partners are continuing with the selection
process for a new trading advisor (the "New Trading Advisor") for
the Registrant and expect to choose the New Trading Advisor in
the near future. When the New Trading Advisor is selected, the
General Partners intend to reallocate the Registrant's assets for
trading among the New Trading Advisor, John W. Henry & Company,
Inc. and Sabre in respective amounts which have not yet been
determined.
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: May 20, 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
