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): December 31, 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
In accordance with the terms of the Advisory Contract between
IDS Managed Futures, L.P. (the "Fund") and Sabre Fund
Management Limited ("Sabre"), the General Partners elected
not to renew the Advisory Contract and it expired on December
31, 1997. Effective January 1, 1998, all of the assets of
the Fund are managed by John W. Henry & Company, Inc. ("JWH")
and Welton Investment Corporation ("Welton"). The assets
previously managed by Sabre were reallocated to Welton.
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: January 15, 1998 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
