SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Quarterly Report Under Section 13 or 15(d)
of the Securities Exchange Act of 1934
For quarter ended: September 30, 1995 Commission File: 0-16166
Oxford Futures Fund, Ltd.
____________________________________________________
(Exact name of Registrant as specified in its charter)
Colorado 84-1037525
____________________________ _______________________________
(State or other jurisdiction (IRS Employer Identification No.)
incorporation or organization)
1202 Highway 74, Suite 212
Evergreen, Colorado 80439
_______________________________________ __________
(Address of principal executive offices) (Zip Code)
Registrant's telephone no., including area code: (303) 674-1328
_____________
Not Applicable
__________________________________________________
Former name, former address and formal fiscal year,
if changed since last report
Indicate by check mark whether the Registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the Registrant was required to file
such reports), and (2) has been subject to such filing requirements
for the past 90 days.
Yes {x} No { }
Units of Limited
Partnership Interest 10,847.475
____________________ _____________________________
Title of Class Outstanding at September 30, 1995
PART I--FINANCIAL INFORMATION
Item 1. Financial Statements
The statement of financial condition, statement of income and
statement of cash flows are filed as part of this report
immediately following the signature page.
Item 2. Management's Discussion and Analysis of Financial
Condition and Results of Operations
Liquidity. All of the Partnership's assets are held in cash with
its clearing brokers or other financial institutions. A portion of
the cash held by the brokers is used to margin the Partnership's
futures trading. The Partnership's brokers pay the Partnership
interest monthly on 80% of the Partnership's assets on deposit with
them at 100% of the average 90 day U.S. Treasury Bill rate for such
month.
Capital Resources. The Partnership does not have any commitments
for capital expenditures and does not project any capital
expenditures. All of its assets are committed to trading futures
contracts pursuant to the trading advice of an independent
commodity trading advisor.
Results of Operations. The Partnership's business is the
speculative trading of commodity futures and options contracts and,
possibly in the future, other commodity interests. The
profitability of the Partnership is based on its advisors' ability
to correctly anticipate market trends in the commodities traded
using their trading system and methodology.
The Partnership's Net Asset Value per Unit was $86.718 as of
September 30, 1995 and $101.937 and $114.156 as of June 30, 1995
and March 31, 1995 respectively.
The Partnership is unaware of any unusual or infrequent events or
transactions or significant economic changes which materially
affected income from operations.
PART II--OTHER INFORMATION
Item 5. Other Information
None
Item 6. Exhibits and Reports on Form 8-K
No reports on Form 8-K have been filed during the quarter ended
September 30, 1995.
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: October 18, 1995.
OXFORD FUTURES FUND, LTD.
By: Rockwell Futures Management, Inc.
one of its General Partners
/s/ Robert J. Amedeo
By: _________________________________
Robert J. Amedeo, President
and Chief Executive Officer
/s/ John L. Conner, Sr.
By: _________________________________
John L. Conner, Sr.
Secretary-Treasurer, Director
and Chief Financial Officer
OXFORD FUTURES FUND, LTD.
(A Colorado Limited Partnership)
STATEMENTS OF FINANCIAL CONDITION
September 30, 1995 December 31, 1994
(Unaudited)
ASSETS
Cash in bank $ 43,389 $ 9,366
Equity in commodity
futures trading account
Cash 948,552 1,511,122
Unrealized gain on
open commodity
futures contracts 14,939 95,481
Interest receivable 3,432 6,036
__________ __________
$ 1,010,312 $ 1,622,005
__________ __________
__________ __________
LIABILITIES AND PARTNERS' CAPITAL
Liabilities
Short options $ 5,063 $ 0
Accrued management
and incentive fees 5,022 17,038
Accrued administrative
expenses 7,799 9,789
Accrued brokerage
commissions 3,927 6,168
Redemptions payable 47,835 26,954
__________ __________
Total Liabilities 69,646 59,949
__________ __________
Partners' Capital 940,666 1,562,056
__________ __________
1,010,312 1,622,005
__________ __________
__________ __________
Net Asset Value
per Unit $ 86.718 $ 122.844
__________ __________
__________ __________
Units Outstanding 10,847.475 12,715.818
__________ __________
__________ __________
OXFORD FUTURES FUND, LTD.
(A Colorado Limited Partnership)
STATEMENTS OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1995 AND 1994
(Unaudited)
1995 1994
REVENUES
Realized tradings gains
(losses) $ (279,205) $ (13,193)
Increase (decrease) in
unrealized trading gains ( 77,104) (77,536)
Interest 42,242 52,654
___________ ___________
(314,067) (38,075)
___________ ___________
EXPENSES
Brokerage Commissions 53,229 54,725
Management fees 56,416 77,568
Incentive fees 716 0
Administrative 9,064 10,840
___________ ___________
119,425 143,133
___________ ___________
NET INCOME (LOSS) $ (433,492) $ (181,208)
___________ ___________
___________ ___________
Net Income (loss) per
Partnership Unit $ (36.125) $ 3.121
___________ ___________
___________ ___________
OXFORD FUTURES FUND, LTD.
(A Colorado Limited Partnership)
STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 1995 AND 1994
(Unaudited)
1995 1994
REVENUES
Realized tradings gains
(losses) $ (232,551) $ 17,961
Increase (decrease) in
unrealized trading gains 82,172 (37,547)
Interest 11,458 16,551
___________ ___________
(138,921) (3,035)
___________ ___________
EXPENSES
Brokerage Commissions 17,869 19,535
Management fees 15,948 25,935
Incentive fees 0 0
Administrative 2,998 2,485
___________ ___________
36,815 47,955
___________ ___________
NET INCOME (LOSS) $ (175,736) $ (50,990)
___________ ___________
___________ ___________
Net Income (loss) per
Partnership Unit $ (15.218) $ (2.920)
___________ ___________
___________ ___________
OXFORD FUTURES FUND, LTD.
(A Colorado Limited Partnership)
STATEMENTS OF CASH FLOWS
Increase (Decrease) in Cash
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1995 AND 1994
(Unaudited)
1995 1994
CASH FLOWS PROVIDED BY
OPERATING ACTIVITIES
Net Loss $ (433,492) $ (181,208)
Adjustments to reconcile
net loss to net cash
provided by operating
activities
Commodity futures
trading account
cash 562,570 1,937,387
Unrealized gain on
open commodity
futures contracts 80,542 56,794
Long options 0 5,940
Interest receivable 2,604 2,246
Short Options 5,063 0
Accrued management and
incentive fees (12,016) (6,070)
Accrued expenses (1,990) (2,492)
Commissions payable (2,241) (3,776)
__________ __________
NET CASH PROVIDED BY
OPERATING ACTIVITIES 201,040 1,808,821
__________ __________
CASH FLOWS USED IN
FINANCING ACTIVITIES:
Limited partner
redemptions (167,017) (1,803,467)
__________ __________
NET INCREASE IN CASH FOR
THE PERIOD 34,023 5,354
CASH, BEGINNING OF PERIOD 9,366 1,589
__________ __________
CASH, END OF PERIOD $ 43,389 $ 6,943
__________ __________
__________ __________
OXFORD FUTURES FUND, LTD.
NOTES TO FINANCIAL STATEMENTS
1. The financial information for the nine months ended September
30, 1995 and 1994 is unaudited. However, in the opinion of the
Partnership's management, they contain all adjustments (which
consist solely of normal recurring adjustments) necessary for a
fair presentations.
It is assumed that users of the interim financial information have
read or have access to the Partnership's audited financial
statements for the year ended December 31, 1994.
OXFORD FUTURES FUND, LTD.
INDEX TO EXHIBITS
FINANCIAL DATA SCHEDULE EX-27
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<S> <C>
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<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> SEP-30-1995
<CASH> 43,389
<SECURITIES> 963,491
<RECEIVABLES> 3,432
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