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): July 8, 1997
IDS Managed Futures, L.P.
(Exact name of registrant as specified in its charter)
Delaware 0-16515 06-1189438
(State or other (Commission File Number) (IRS Employer
jurisdiction Identification No.)
of 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
Effective July 8, 1997, the General Partners added Welton
Investment Corporation ("Welton") as a new Commodity Trading
Advisor for the Registrant. Welton has been trading in the
futures market since 1989. The Registrant will use Welton's
Diversified Portfolio. This portfolio provides broad
diversification in various domestic and global futures markets.
This portfolio also provides a balanced exposure across all
market sectors. Welton will use multiple trading strategies in
an attempt to profitably participate in a variety of market
conditions.
John W. Henry & Company, Inc. and Sabre Fund Management
Limited will continue as Commodity Trading Advisors for the
Registrant.
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: July 24, 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
