<PAGE>
FILED PURSUANT TO RULE 424(b)(3)
REGISTRATION NO. 33-86894
IDS MANAGED FUTURES, L.P.
SUPPLEMENT DATED FEBRUARY 1, 2000
TO THE
PROSPECTUS DATED APRIL 30, 1999
This Supplement updates certain information in the IDS Managed
Futures, L.P. Prospectus dated April 30, 1999 that the Commodity Futures Trading
Commission requires to be updated every nine months. All capitalized terms used
in this Supplement have the same meanings as in the Prospectus unless specified
otherwise. Prospective investors should review the contents of both this
Supplement and the Prospectus carefully before deciding whether to invest in the
Fund.
Exhibit I of this Supplement updates the Breakeven Table set forth
on page 7 of the Prospectus and all references to the breakeven amount in the
Prospectus. Exhibit II contains an updated version of the Fund's performance
record set forth on page 17 of the Prospectus. In addition, Exhibit II
updates the performance records of the programs used by the Fund's Trading
Advisors, John W. Henry & Company, Inc. ("JWH-Registered Trademark-") and
Welton Investment Corporation ("Welton"). Exhibit III contains updated
background information for the principals of the Fund's general partners -
CIS Investments, Inc. ("CISI") and IDS Futures Corporation ("IDS Futures") -
and Trading Advisors. Exhibit IV updates the conflicts of interest that
principals of JWH may encounter. Exhibit V contains an unaudited statement of
financial condition at December 31, 1999 for CISI.
* * * * * * * * * *
All information in the Prospectus is restated, except as updated in
this Supplement.
--------------------------
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED
UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS SUPPLEMENT.
ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
--------------------------
THE COMMODITY FUTURES TRADING COMMISSION HAS NOT
PASSED UPON THE MERITS OF PARTICIPATING IN THIS POOL
NOR HAS THE COMMISSION PASSED UPON THE ADEQUACY OR
ACCURACY OF THIS DISCLOSURE DOCUMENT SUPPLEMENT.
CIS INVESTMENTS, INC. / IDS FUTURES CORPORATION
CO-GENERAL PARTNERS
<PAGE>
EXHIBIT I
The following table updates the Breakeven Table set forth on page 7 of
the Prospectus. The only item in the Breakeven Table below that differs from the
one in the Prospectus is Interest Income. Because of higher interest rates, the
General Partners expect the Fund to earn more interest on its deposits with the
Clearing Broker.
BREAKEVEN TABLE
<TABLE>
<CAPTION>
TWELVE-MONTH DOLLAR
TWELVE-MONTH BREAKEVEN ($1,000
EXPENSES PERCENTAGE BREAKEVEN INITIAL INVESTMENT)++
-------- -------------------- -------------------
<S> <C> <C>
Sales Charge* 6.00% $60.00
Offering Expense Charge 3.00% $30.00
Administrative Fee 1.375% $13.75
Brokerage Fees 2.75% $27.50
Advisory Management Fees** 3.65% $36.50
Advisory Incentive Fees** 1.20% $12.00
Periodic Operating Expenses 0.50% $5.00
LESS Interest Income** (4.60)% ($46.00)
RETURN ON $1,000 INITIAL INVESTMENT 13.875% $138.75
REQUIRED FOR "BREAK-EVEN" IF UNITS ------- -------
HELD AT LEAST TWELVE MONTHS
</TABLE>
-------------------------------------
* Limited Partners who are representatives or employees of American Express
Financial Advisors Inc. or certain corporate affiliates will not pay a
Sales Charge.
** Estimated. JWH's management fee is 4% per annum of the assets it manages
and Welton's management fee is 3% per annum of the assets it manages. JWH
receives a quarterly incentive fee of 15% of the Trading Profits it
generates and Welton receives a quarterly incentive fee of 18% of its
Trading Profits. Consequently, an incentive fee could be due in a breakeven
or losing year.
++ Assumes a constant $1,000 Net Asset Value.
References in the Prospectus to the expenses of the Fund and/or the
breakeven percentage are made on the cover page under the section titled "The
Risks" and on page 8 in the section titled "The Risks You Face." In both
instances, the information contained in the Breakeven Table above supercedes the
information in the Prospectus.
A complete description of the charges to the Fund is set forth on page
46 of the Prospectus.
-2-
<PAGE>
EXHIBIT II
Set forth below is the performance of the Fund from its inception
through December 31, 1999. This information updates the performance record of
the Fund set forth on page 17 of the Prospectus.
The General Partners allocate 65% of the Fund's assets to JWH's
Financial and Metals Portfolio and 35% of its assets to Welton's Diversified
Portfolio. Capsule performance records for both programs, which update the
performance record of JWH set forth on page 36 of the Prospectus and the
performance record of Welton set forth on page 43 of the Prospectus, are set
forth below.
On page 30 of the Prospectus, it states that the terms of the advisory
contracts between the Fund and each of JWH and Welton extend to December 31,
1999. The Fund and JWH have agreed to extend the term of their agreement to
December 31, 2002 and the Fund may renew the contract for three additional one
year terms. The Fund has renewed its advisory contract with Welton through
December 31, 2000 and may renew it again for another one year term thereafter.
-3-
<PAGE>
PERFORMANCE OF THE FUND
IDS MANAGED FUTURES, L.P.
INCEPTION THROUGH DECEMBER 31, 1999
NAME OF POOL: IDS Managed Futures, L.P.
TYPE OF POOL: Publicly offered
INCEPTION OF TRADING: June 16, 1987
AGGREGATE SUBSCRIPTIONS: $60,646,629
CURRENT NET ASSET VALUE: $46,303,987
WORST MONTHLY DECLINE: (7.57)% (10/99)
WORST PEAK TO VALLEY DECLINE: (18.72)% (7/99-12/99)
<TABLE>
<CAPTION>
MONTH 1999 1998 1997 1996 1995 1994
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
January (4.20)% (2.88)% 3.68% 4.07% (3.05)% (4.48)%
- -----------------------------------------------------------------------------------------------
February (0.65)% (0.36)% 0.08% (3.48)% 8.41% (3.29)%
- -----------------------------------------------------------------------------------------------
March (4.62)% 0.94% (0.18)% (0.16)% 7.90% 5.76%
- -----------------------------------------------------------------------------------------------
April 1.42% (6.22)% (2.00)% 3.50% 4.71% (0.67)%
- -----------------------------------------------------------------------------------------------
May 2.57% 2.49% (5.51)% (2.44)% 1.86% 3.98%
- -----------------------------------------------------------------------------------------------
June 5.08% (3.54)% 2.74% 0.51% (2.84)% 2.72%
- -----------------------------------------------------------------------------------------------
July (2.91)% (0.97)% 11.05% (1.09)% 0.27% (2.87)%
- -----------------------------------------------------------------------------------------------
August (3.01)% 12.72% (4.38)% 0.47% (0.05)% (2.15)%
- -----------------------------------------------------------------------------------------------
September (5.60)% 9.70% 1.73% 3.34% (1.14)% (0.45)%
- -----------------------------------------------------------------------------------------------
October (7.57)% (2.96)% (1.17)% 9.26% (0.26)% 0.03%
- -----------------------------------------------------------------------------------------------
November (0.39)% (5.24)% 1.67% 6.71% 2.43% (3.51)%
- -----------------------------------------------------------------------------------------------
December (0.69)% 6.46% 1.61% (1.48)% 3.42% (1.68)%
- -----------------------------------------------------------------------------------------------
Compound
Annual Rate of
Return (18.20)% 8.55% 8.68% 20.08% 23.03% (6.93)%
- -----------------------------------------------------------------------------------------------
<CAPTION>
MONTH 1993 1992 1991 1990 1989 1988 1987
- ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
January 1.19% (13.95)% (1.55)% 24.84% 3.35% (4.36)%
- ------------------------------------------------------------------------------------------------------------
February 10.80% (9.43)% 1.76% 12.64% (5.06)% 1.28%
- ------------------------------------------------------------------------------------------------------------
March (0.82)% 0.69% 0.59% 3.61% 2.98% (7.93)%
- ------------------------------------------------------------------------------------------------------------
April 6.54% (6.30)% (1.85)% 5.79% (3.83)% (3.28)%
- ------------------------------------------------------------------------------------------------------------
May 1.34% (1.74)% (2.03)% (16.81)% 19.24% (0.34)%
- ------------------------------------------------------------------------------------------------------------
June 1.44% 15.58% 3.60% 2.69% (5.20)% 11.61% (8.74)%
- ------------------------------------------------------------------------------------------------------------
July 8.35% 18.09% (11.27)% 8.95% 6.00% (9.41)% 0.84%
- ------------------------------------------------------------------------------------------------------------
August 3.09% 7.92% 4.12% 9.90% (7.67)% (1.76)% 0.09%
- ------------------------------------------------------------------------------------------------------------
September (0.29)% (3.29)% 13.37% 5.64% (6.55)% 3.66% (2.35)%
- ------------------------------------------------------------------------------------------------------------
October (0.04)% (3.60)% (3.94)% (2.42)% (5.97)% 0.20% 15.50%
- ------------------------------------------------------------------------------------------------------------
November (0.03)% (2.02)% 3.51% 0.49% 12.57% (0.12)% 8.53%
- ------------------------------------------------------------------------------------------------------------
December 2.03% (0.64)% 20.71% (1.62)% (0.70)% (3.99)% 4.31%
- ------------------------------------------------------------------------------------------------------------
Compound
Annual Rate of
Return 38.32% (3.43)% 26.22% 60.65% 5.61% (14.96)% 28.78%
- ------------------------------------------------------------------------------------------------------------
</TABLE>
Prior to July 1997, Fund assets were allocated equally between JWH and
Sabre Fund Management Limited. In July 1997, the Fund's assets were reallocated
65% to JWH, 30% to Welton and 5% to Sabre. Sabre's advisory contract terminated
December 31, 1997 and its allocation of Fund assets was moved to Welton.
Monthly rates of return are calculated by dividing net performance for
the month by beginning equity.
Worst peak-to-valley decline means the greatest cumulative percentage
decline in month-end net asset value during any period in which the initial
month-end net asset value for the period is not equaled or exceeded by a
subsequent month-end net asset value. Worst peak-to-valley decline is calculated
by comparing the initial month-end net asset value to each subsequent month-end
net asset value. A new trading "peak" is established each time the month-end net
asset value exceeds all prior month-end net asset values.
The heavy line appearing between 1995 and 1994 depicts the separation
of the CFTC required performance for the past five years and year to date and
the entire performance record of the Fund which is being provided as a
supplement.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
-4-
<PAGE>
PERFORMANCE OF THE JWH FINANCIAL AND METALS PORTFOLIO
PROGRAM COMPOSITION
Interest Rates Currencies
Non U.S.Stock Indices Precious and Base Metals
INCEPTION OF CLIENT ACCOUNT TRADING: OCTOBER 1982
INCEPTION OF CLIENT ACCOUNT TRADING IN PROGRAM: OCTOBER 1984
ASSETS MANAGED (EXCLUDING NOTIONAL FUNDS) ON DECEMBER 31, 1999: $1.9 BILLION
ASSETS MANAGED PURSUANT TO THE PROGRAM (EXCLUDING NOTIONAL FUNDS)
ON DECEMBER 31, 1999: $714 MILLION
NUMBER OF OPEN ACCOUNTS: 26
WORST MONTHLY DECLINE ON AN INDIVIDUAL ACCOUNT BASIS: (10.1)% (2/96)
WORST PEAK-TO-VALLEY DECLINE ON AN INDIVIDUAL ACCOUNT BASIS: (30.5)% (6/94-1/95)
AVERAGE COMPOUNDED ANNUALIZED RATE OF RETURN FROM JANUARY 1995 THROUGH
DECEMBER 1999: 12.5%
AVERAGE COMPOUNDED ANNUALIZED RATE OF RETURN FROM INCEPTION THROUGH
DECEMBER 1999: 32.2%
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------
MONTHLY
PERFORMANCE 1999 1998 1997 1996 1995
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
January (4.8)% (3.5)% 4.4% 6.0% (3.8)%
- ------------------------------------------------------------------------------------------------------
February 0.9% (4.0)% (2.2)% (5.5)% 15.7%
- ------------------------------------------------------------------------------------------------------
March (2.6)% (1.6)% (0.7)% 0.7% 15.3%
- ------------------------------------------------------------------------------------------------------
April 1.6% (7.9)% (2.9)% 2.3% 6.1%
- ------------------------------------------------------------------------------------------------------
May 5.9% 3.2% (8.3)% (1.7)% 1.2%
- ------------------------------------------------------------------------------------------------------
June 6.1% (4.8)% 4.1% 2.2% (1.7)%
- ------------------------------------------------------------------------------------------------------
July (2.3)% (0.9)% 15.8% (1.1)% (2.3)%
- ------------------------------------------------------------------------------------------------------
August (3.1)% 17.5% (3.7)% (0.8)% 2.1%
- ------------------------------------------------------------------------------------------------------
September (7.0)% 15.3% 2.2% 3.2% (2.1)%
- ------------------------------------------------------------------------------------------------------
October (8.1)% (3.8)% 2.0% 14.3% 0.3%
- ------------------------------------------------------------------------------------------------------
November (3.2)% (7.5)% 2.5% 10.9% 2.6%
- ------------------------------------------------------------------------------------------------------
December (2.8)% 8.9% 2.9% (2.6)% 1.7%
- ------------------------------------------------------------------------------------------------------
Compound Annual Rate (18.7)% 7.2% 15.2% 29.7% 38.5%
of Return
- ------------------------------------------------------------------------------------------------------
</TABLE>
The following updates the Financial and Metals Portfolio Exclusive
Fund Account performance information set forth on page 37 of the Prospectus:
Assets Managed Pursuant to the Program on December 31, 1999 were $59 million;
Worst Monthly Decline on an Individual Account Basis was (8.7)% during October
1999; Worst Peak-to-Valley Decline on an Individual Account Basis was (24.0)%
during the period of July 1999 through December 1999; and the 1999 Rate of
Return was (17.9)%. THE FINANCIAL AND METALS PORTFOLIO EXCLUSIVE FUND ACCOUNTS
HAVE TRADED DIFFERENTLY THAN THE FUND'S ASSETS ALLOCATED TO THE FINANCIAL AND
METALS PORTFOLIO TRADING PROGRAM.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
-5-
<PAGE>
PERFORMANCE OF THE WELTON DIVERSIFIED PORTFOLIO
INCEPTION OF CLIENT ACCOUNT TRADING: FEBRUARY 1989
INCEPTION OF CLIENT ACCOUNT TRADING IN PROGRAM: APRIL 1992
ASSETS MANAGED (EXCLUDING NOTIONAL FUNDS) ON DECEMBER 31, 1999: $111,000,000*
ASSETS MANAGED PURSUANT TO THE PROGRAM (EXCLUDING NOTIONAL FUNDS)
ON DECEMBER 31, 1999: $106,000,000*
NUMBER OF OPEN ACCOUNTS: 36
WORST MONTHLY DECLINE: (15.94)% (2/96)
WORST PEAK-TO-VALLEY DECLINE: (25.96)% (2/96-8/96)
AVERAGE COMPOUNDED ANNUALIZED RATE OF RETURN FROM JANUARY 1995 THROUGH
DECEMBER 1999: 15.50%*
AVERAGE COMPOUNDED ANNUALIZED RATE OF RETURN FROM INCEPTION THROUGH
DECEMBER 1999: 16.14%*
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------
MONTHLY
PERFORMANCE 1999 1998 1997 1996 1995
- -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
January (2.26)% (1.71)% 2.42% 5.94% (3.94)%
- -----------------------------------------------------------------------------------------------------
February (2.54)% 6.81% 6.21% (15.94)% 8.90%
- -----------------------------------------------------------------------------------------------------
March (7.90)% 6.18% (1.57)% (1.86)% 10.11%
- -----------------------------------------------------------------------------------------------------
April 1.12% (3.50)% 0.28% 4.66% 3.57%
- -----------------------------------------------------------------------------------------------------
May (3.34)% 2.30% 3.78% (7.71)% 11.71%
- -----------------------------------------------------------------------------------------------------
June 3.43% (0.84)% 5.96% (1.72)% (1.38)%
- -----------------------------------------------------------------------------------------------------
July (3.82)% (0.25)% 12.83% (2.83)% (2.57)%
- -----------------------------------------------------------------------------------------------------
August (2.33)% 5.63% (6.16)% (2.70)% (1.25)%
- -----------------------------------------------------------------------------------------------------
September (1.61)% 2.35% 1.25% 7.48% 1.55%
- -----------------------------------------------------------------------------------------------------
October (7.10)% (4.66)% (6.14)% 13.16% (7.39)%
- -----------------------------------------------------------------------------------------------------
November 6.79% 2.65% 2.79% 9.97% 4.77%
- -----------------------------------------------------------------------------------------------------
December 8.05%* 2.04% 1.23% 2.15% 9.44%
- -----------------------------------------------------------------------------------------------------
Compound Annual (12.13)%* 17.52% 23.62% 7.17% 36.35%
Rate of Return
- -----------------------------------------------------------------------------------------------------
</TABLE>
* Estimated.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
-6-
<PAGE>
EXHIBIT III
Set forth below is updated information regarding the principals of
CISI, IDS Futures and JWH. This information updates the sections titled "The
General Partners" set forth on pages 27 through 29 of the Prospectus and "JWH
Principals" set forth on pages 33 through 35 of the Prospectus. There have been
no changes to the background information of Welton's principals since the date
of the Prospectus.
GENERAL PARTNERS
CIS
SHAUN D. O'BRIEN (born November 1964) is Vice President
- -Controller/Treasurer and a director. Mr. O'Brien became a Vice President and
a director of CISI on July 1, 1999. Mr. O'Brien graduated from Northeastern
University in 1987 and he received a master's degree from the University of
Minnesota's Carlson School of Management in 1999. Mr. O'Brien began working
for Cargill, Incorporated in 1988 and joined CIS in 1999.
BARBARA A. WALENGA (born in February 1960) is an Assistant Secretary.
Ms. Walenga graduated from Fayetteville Technical Institute in 1981. She began
working at CIS in August 1981. She has held various compliance management
positions at CIS and is currently the Legal Compliance Manager. She is currently
a member of the FIA Law and Compliance Division and the SIA Compliance and Legal
Division.
The following individuals were listed as principals of CISI in the
Prospectus but no longer hold offices with CISI: BRUCE BARNETT; RICHARD DRIVER;
and HENRY GJERSDAL.
The following are new officers of CISI: JAMES CLEMENS, Assistant
Secretary; LILLIAN LUNDEEN, Assistant Secretary.
IDS FUTURES
JOHN C. BOEDER (born December 1941) is President and a director of IDS
Futures Corporation. Mr. Boeder was elected as a director and President of IDS
Futures in December 1999. Mr. Boeder has been employed by American Express
Financial Corporation since 1964. Since January 1999, he has held the title Vice
President and General Manager of the Non-Proprietary Products Group for American
Express Financial Corporation. He has overall responsibility for the
non-proprietary products offered through American Express Financial Advisors'
distribution channels. In addition, he oversees American Express Financial
Advisors' direct investment and limited partnership business. From 1994 to 1999,
he was Vice President and General Manager of Segment Marketing. From 1989 to
1994, he was President of IDS Life Insurance Company of New York. He has held
numerous marketing positions in the insurance, annuity, and mutual fund
departments of American Express Financial Corporation. He graduated from the
University of Minnesota with a B.A. degree in business.
-7-
<PAGE>
PATTY L. MOREN (born in June 1960) is Vice President of IDS Futures.
Since June 1999, Ms. Moren has been Vice President Controller of Variable Assets
& Services for American Express Financial Corporation. In this role, she is
currently Controller - Variable Assets, she is charged with the overall finance
responsibilities for mutual funds, wealth management services, variable
annuities, limited partnerships and brokered mutual funds at American Express
Financial Corporation, an indirect parent company of IDS Futures. From 1995 to
1999, she was Director of Field Compensation for American Express Financial
Corporation where she led the development of product compensation schedules and
incentive programs for the independent contractor sales force. From 1990 to
1995, Ms. Moren was Manager of Sales Compensation for American Express Financial
Corporation. Ms. Moren started at American Express Financial Corporation in 1985
as Audit Manager. Prior to joining American Express Financial Corporation, she
was a senior financial auditor for Cargill, Inc. She has a B.A. in Accounting
from the University of St. Thomas and a M.B.A. in Finance from the University of
Minnesota's Carlson School of Management.
As of the date of the Prospectus, Peter L. Slattery was the President
and a director of IDS Futures and John M. Knight was a Vice President of IDS
Futures. Both Messrs. Slattery and Knight left IDS Futures in December 1999 for
new positions at American Express Financial Corporation.
TRADING ADVISORS
JWH
JWH Asset Management, Inc. has been dissolved and JWH Investment
Management, Inc. is no longer active or a member of the NFA. Consequently,
references to both entities have been removed from the biography of each JWH
principal affiliated with such entity.
MR. JOHN W. HENRY currently concentrates his activities at JWH on
portfolio management, research and new system development, day-to-day decisions
involving the strategic direction and business of the firm and frequent dialogue
with trading supervisors. Mr. Henry has served on the Board of Directors of the
Futures Industry Association. Since the beginning of 1987, he has devoted, and
will continue to devote, considerable time to activities in businesses other
than JWH and its affiliates, including acting as chairman of the Florida Marlins
Baseball Club LLC, which continues to be operated by professional baseball
staff.
MR. VERNE O. SEDLACEK currently serves on the Board of Directors of
the National Futures Association and is a member of the NFA/FIA Best Practices
Study End User Expert Panel.
MR. DAVID I. GINSBERG is a member of the JWH Board of Directors and
special advisor to the chairman. Mr. Ginsberg joined JWH in October 1999. He
served as the managing director of the Multi-Manager Group at Global Asset
Management ("GAM") from its inception in September 1989 until July 1995. This
GAM group was, and continues to be, one of the largest multi-advisor groups
specializing in hedge funds. Since leaving GAM, Mr. Ginsberg has been a private
investor. Mr. Ginsberg received a M.B.A. with a concentration in finance from
Boston
-8-
<PAGE>
University and a B.A. from Kenyon College. Mr. Ginsberg is a member of
the board of directors of GAM Diversity, Inc., a global multi-advisor hedge fund
with assets in excess of $1 billion that specializes in hedge funds, and a
director of Adelphi Europe Fund, a hedge fund specializing in European equities.
He is also vice chairman of the Florida Marlins Baseball Club LLC.
MR. JOHN A. WING is a member of the JWH Board of Directors. He is also
a professor of Law and Finance at the Illinois Institute of Technology (IIT) and
director of its Center for the Study of Law and Financial Markets. Mr. Wing
joined JWH in February 2000 and IIT in July 1998. Prior to July 1998, he was
chairman of the board and chief executive officer of ABN-AMRO Incorporated,
formerly The Chicago Corporation. Mr. Wing joined The Chicago Corporation as its
chief executive officer in 1981 and continued to lead the firm following its
merger with ABN-AMRO in January 1997 until his retirement in July 1998.
Mr. Wing is currently chairman of the board for the Risk Management
Committee of the Commercial Club and of Market Liquidity Holding, LLC. He is
also a director of AmerUs Life Holdings. In addition, he has served as a
director of the Midwest Stock Exchange, The Chicago Board Options Exchange,
Securities Industry Association, Futures Industry Association, National Futures
Association and Chicago Capital Fund. Mr. Wing has also been a governor of the
National Association of Securities Dealers, a member of the New York Stock
Exchange Regional Firms Committee, and a member of the Chicago Mercantile
Exchange's special panel to review trading rules and practices. Mr. Wing has
also served as a trustee of IIT and chairman of the Board of Overseers of its
Stuart School of Business. He received a B.A. in Economics from Union College
and a LLB from George Washington University.
MR. WILLIAM G. KELLEY is no longer vice president, investor services,
international of JWH.
MS. WENDY B. GOODYEAR is currently vice president, investor services
of JWH.
-9-
<PAGE>
EXHIBIT IV
The following information updates the sections titled "John W. Henry &
Company, Inc. - Legal Concerns" set forth on page 33 of the Prospectus and
"Conflicts of Interest - Proprietary Trading" set forth on pages 55 and 56 of
the Prospectus.
LEGAL CONCERNS
Principals of JWH serve on the board of directors and committees of
various organizations, both within and outside of the managed futures industry.
In such capacities, these individuals have a fiduciary duty to the other
organizations they serve, and they are required to act in the best interests of
those organizations, even if those actions were to be adverse to the interests
of the Fund.
PROPRIETARY TRADING
Mr. Ginsberg may engage in discretionary trading for his own account
pursuant to his own personal trading approach as long as such trading does not
amount to a breach of fiduciary duty. Mr. Ginsberg's trades may be the same as
or opposite to positions that JWH takes for the Fund. Trades for Mr. Ginsberg's
account may on occasion receive better fills than the Fund's account. Records
for Mr. Ginsberg's account will not made available to the Fund.
-10-
<PAGE>
EXHIBIT V
CIS INVESTMENTS, INC.
Unaudited Statement of Financial Condition
December 31, 1999
<TABLE>
<CAPTION>
ASSETS
1999
---------------
<S> <C>
Assets:
Receivable from JWH Global Trust $ 889,971
Investments in registered commodity pools 1,977,812
---------------
Total Assets $ 2,867,783
===============
LIABILITIES AND STOCKHOLDER'S EQUITY
Liabilities:
Deferred Offering Costs $ 159,615
Income Taxes Payable 170,567
---------------
Total liabilities 330,182
---------------
Stockholder's equity:
Common stock, $100 par value. Authorized 1,000
30,000 shares; issued 10 shares
Common stock subscribed, 29,990 shares 2,999,000
at the years ended 1999 and 1998, respectively
Less subscriptions receivable (2,999,000)
Paid-in capital 18,250,000
Less demand note receivable (18,000,000)
Retained earnings 2,286,601
---------------
Total stockholder's equity 2,537,601
---------------
$ 2,867,783
===============
</TABLE>
THIS UNAUDITED STATEMENT OF FINANCIAL CONDITION, IN THE OPINION OF
MANAGEMENT, REFLECTS ALL ADJUSTMENTS NECESSARY TO FAIRLY STATE THE FINANCIAL
CONDITION OF CIS INVESTMENTS, INC. AT DECEMBER 31, 1999. ALL ADJUSTMENTS WERE OF
A NORMAL AND RECURRING NATURE.
PURCHASERS OF UNITS WILL NOT RECEIVE AN INTEREST IN THIS ENTITY.
-11-
<PAGE>
ACKNOWLEDGMENT OF RECEIPT
The undersigned hereby acknowledges that the undersigned has received a copy of
the Supplement dated February 1, 2000 to the IDS Managed Futures, L.P.
Prospectus dated April 30, 1999.
INDIVIDUAL SUBSCRIBERS: ENTITY SUBSCRIBERS:
- ---------------------------------- ------------------------------------
(Name of Entity)
By:
- ---------------------------------- ---------------------------------
Signature of Subscriber(s) Title:
---------------------------
(Trustee, partner or
authorized officer)
Dated: , 2000 Dated: , 2000
------------ -------------
-12-
