SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDED
Quarterly Report Under Section 13 or 15(d)
of the Securities Exchange Act of 1934
For quarter ended: March 31, 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 12,101.040
____________________ _____________________________
Title of Class Outstanding at March 31, 1995
PLEASE NOTE: THE PURPOSE OF THIS AMENDED 10-Q IS TO ATTACH THE
FINANCIAL DATA SCHEDULES AT EXHIBIT 27
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 broker or other financial institutions. A portion of
the cash held by the broker is used to margin the Partnership's
futures trading. The Partnership's broker pays the Partnership
interest monthly on 80% of the Partnership's assets on deposit with
it 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 $114.156 as of March
31, 1995 and $122.844 and $119.736 as of December 31, 1994 and
September 30, 1994 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
March 31, 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: May 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
March 31, 1995 December 31, 1994
(Unaudited)
ASSETS
Cash in bank $ 10,105 $ 9,366
Equity in commodity
futures trading account
Cash 1,355,958 1,511,122
Unrealized gain on
open commodity
futures contracts 26,077 95,481
Interest receivable 3,568 6,036
__________ __________
$ 1,395,708 $ 1,622,005
__________ __________
__________ __________
LIABILITIES AND PARTNERS' CAPITAL
Liabilities
Accrued management
and incentive fees $ 7,024 $ 17,038
Accrued administrative
expenses 3,142 9,789
Accrued brokerage
commissions 4,141 6,168
Redemptions payable 0 26,954
__________ __________
Total Liabilities 14,307 59,949
__________ __________
Partners' Capital 1,381,401 1,562,056
__________ __________
1,395,708 1,622,005
__________ __________
__________ __________
Net Asset Value
per Unit $ 114.156 $ 122.844
__________ __________
__________ __________
Units Outstanding 12,101.040 12,715.818
__________ __________
__________ __________
OXFORD FUTURES FUND, LTD.
(A Colorado Limited Partnership)
STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED MARCH 31, 1995 AND 1994
(Unaudited)
1995 1994
REVENUES
Realized tradings gains
(losses) $ (13,361) $ (311,142)
Increase (decrease) in
unrealized trading gains (69,403) 17,662
Interest 14,397 20,707
___________ ___________
$ (68,367) $ (272,773)
___________ ___________
EXPENSES
Brokerage Commissions $ 17,758 $ 17,254
Management fees 21,101 23,914
Incentive fees 151 0
Administrative 3,142 4,566
___________ ___________
42,152 45,734
___________ ___________
NET INCOME (LOSS) (110,519) (318,507)
___________ ___________
___________ ___________
Net Income (loss) per
Partnership Unit $ (8.688) $ (5.231)
___________ ___________
___________ ___________
OXFORD FUTURES FUND, LTD.
(A Colorado Limited Partnership)
STATEMENTS OF CASH FLOWS
Increase (Decrease) in Cash
FOR THE THREE MONTHS ENDED MARCH 31, 1995 AND 1994
(Unaudited)
1995 1994
CASH FLOWS PROVIDED BY
OPERATING ACTIVITIES
Net Loss (110,519) (318,507)
Adjustments to reconcile
net loss to net cash
provided by operating
activities
Commodity futures
trading account
cash 155,164 1,966,325
Unrealized gain on
open commodity
futures contracts 69,404 (38,244)
Long options 0 5,940
Interest receivable 2,468 2,183
Accrued management and
incentive fees (10,014) (10,107)
Accrued expenses (6,647) (5,577)
Commissions payable (2,027) (4,209)
__________ __________
NET CASH PROVIDED BY
OPERATING ACTIVITIES 97,829 1,597,804
__________ __________
CASH FLOWS USED IN
FINANCING ACTIVITIES:
Limited partner
redemptions (97,090) (1,536,065)
__________ __________
NET INCREASE IN CASH FOR
THE PERIOD 739 61,739
CASH, BEGINNING OF PERIOD 9,366 1,589
__________ __________
CASH, END OF PERIOD $ 10,105 $ 63,328
__________ __________
__________ __________
OXFORD FUTURES FUND, LTD.
NOTES TO FINANCIAL STATEMENTS
1. The financial information for the three months ended March 31,
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
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> MAR-31-1995
<CASH> 10,105
<SECURITIES> 1,382,035
<RECEIVABLES> 3,568
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 1,395,708
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 1,395,708
<CURRENT-LIABILITIES> 14,307
<BONDS> 0
<COMMON> 0
0
0
<OTHER-SE> 1,381,401
<TOTAL-LIABILITY-AND-EQUITY> 1,395,708
<SALES> 0
<TOTAL-REVENUES> (68,367)
<CGS> 0
<TOTAL-COSTS> (42,152)
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (110,519)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (110,519)
<EPS-PRIMARY> (8.688)
<EPS-DILUTED> 0
</TABLE>
