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: June 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 11,584.724
____________________ _____________________________
Title of Class Outstanding at June 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 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 $101.937 as of June
30, 1995 and $114.156 and $122.844 as of March 31, 1995 and
December 31, 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
June 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: July 21, 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
June 30, 1995 December 31, 1994
(Unaudited)
ASSETS
Cash in bank $ 9,998 $ 9,366
Equity in commodity
futures trading account
Cash 1,287,347 1,511,122
Unrealized gain on
open commodity
futures contracts (63,795) 95,481
Interest receivable 4,313 6,036
__________ __________
$ 1,237,863 $ 1,622,005
__________ __________
__________ __________
LIABILITIES AND PARTNERS' CAPITAL
Liabilities
Accrued management
and incentive fees $ 6,780 $ 17,038
Accrued administrative
expenses 5,074 9,789
Accrued brokerage
commissions 4,604 6,168
Redemptions payable 40,490 26,954
__________ __________
Total Liabilities 56,948 59,949
__________ __________
Partners' Capital 1,180,915 1,562,056
__________ __________
1,237,863 1,622,005
__________ __________
__________ __________
Net Asset Value
per Unit $ 101.937 $ 122.844
__________ __________
__________ __________
Units Outstanding 11,584.724 12,715.818
__________ __________
__________ __________
OXFORD FUTURES FUND, LTD.
(A Colorado Limited Partnership)
STATEMENTS OF OPERATIONS
FOR THE SIX MONTHS ENDED JUNE 30, 1995 AND 1994
(Unaudited)
1995 1994
REVENUES
Realized tradings gains
(losses) $ (46,654) $ (31,154)
Increase (decrease) in
unrealized trading gains (159,276) (39,989)
Interest 30,784 36,103
___________ ___________
(175,146) (35,040)
___________ ___________
EXPENSES
Brokerage Commissions 35,360 35,190
Management fees 40,468 51,633
Incentive fees 716 0
Administrative 6,066 8,355
___________ ___________
82,610 95,178
___________ ___________
NET INCOME (LOSS) $ (257,756) $ (130,218)
___________ ___________
___________ ___________
Net Income (loss) per
Partnership Unit $ (20.907) $ 6.041
___________ ___________
___________ ___________
OXFORD FUTURES FUND, LTD.
(A Colorado Limited Partnership)
STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED JUNE 30, 1995 AND 1994
(Unaudited)
1995 1994
REVENUES
Realized tradings gains
(losses) $ (33,293) $ 279,988
Increase (decrease) in
unrealized trading gains (89,873) (57,651)
Interest 16,387 15,396
___________ ___________
(106,779) 237,733
___________ ___________
EXPENSES
Brokerage Commissions 17,602 17,936
Management fees 19,367 27,719
Incentive fees 565 0
Administrative 2,924 3,789
___________ ___________
40,458 49,444
___________ ___________
NET INCOME (LOSS) $ (147,237) $ 188,289
___________ ___________
___________ ___________
Net Income (loss) per
Partnership Unit $ (12.219) $ 11.272
___________ ___________
___________ ___________
OXFORD FUTURES FUND, LTD.
(A Colorado Limited Partnership)
STATEMENTS OF CASH FLOWS
Increase (Decrease) in Cash
FOR THE SIX MONTHS ENDED JUNE 30, 1995 AND 1994
(Unaudited)
1995 1994
CASH FLOWS PROVIDED BY
OPERATING ACTIVITIES
Net Loss $ (257,756) $ (130,218)
Adjustments to reconcile
net loss to net cash
provided by operating
activities
Commodity futures
trading account
cash 223,775 1,784,931
Unrealized gain on
open commodity
futures contracts 159,276 19,407
Long options 0 5,940
Interest receivable 1,723 2,164
Accrued management and
incentive fees (10,258) (5,312)
Accrued expenses (4,715) (4,498)
Commissions payable (1,564) (3,593)
__________ __________
NET CASH PROVIDED BY
OPERATING ACTIVITIES 110,481 1,668,821
__________ __________
CASH FLOWS USED IN
FINANCING ACTIVITIES:
Limited partner
redemptions (109,849) (920,117)
__________ __________
NET INCREASE IN CASH FOR
THE PERIOD 632 748,704
CASH, BEGINNING OF PERIOD 9,366 1,504
__________ __________
CASH, END OF PERIOD $ 9,998 $ 750,208
__________ __________
__________ __________
OXFORD FUTURES FUND, LTD.
NOTES TO FINANCIAL STATEMENTS
1. The financial information for the six months ended June 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
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<CASH> 9,998
<SECURITIES> 1,223,552
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 1,237,863
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 1,237,863
<CURRENT-LIABILITIES> 56,948
<BONDS> 0
<COMMON> 0
0
0
<OTHER-SE> 1,180,915
<TOTAL-LIABILITY-AND-EQUITY> 1,237,863
<SALES> 0
<TOTAL-REVENUES> (175,146)
<CGS> 0
<TOTAL-COSTS> (82,610)
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (257,756)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (257,756)
<EPS-PRIMARY> (20.907)
<EPS-DILUTED> 0
</TABLE>
