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: March 31, 2000 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 Bergen Parkway, 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 4,402.341
____________________ _____________________________
Title of Class Outstanding at March 31, 2000
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 $153.158 as of March
31, 2000 and $181.820 and $216.821 as of December 31, 1999 and
September 30, 1999 respectively.
On April 17, 2000 the Partnership reached a trading suspension
level as defined in its Agreement of Limited Partnership (the
Agreement). As a result, trading was suspended. On April 19, 2000
both General Partners notified Limited Partners of their intent to
withdraw from the Partnership. Unless Limited Partners elect a new
General Partner within 90 days of such notice, the Partnership will
terminate. On April 24, 2000 the Partnership filed a Form 15D with
the Commission, de-registering it under the SEC Exchange Act of
1934.
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, 2000.
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 11, 2000 .
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, 2000 December 31, 1999
(Unaudited)
ASSETS
Cash in bank $ 355,779 $ 353,138
Equity in commodity
futures trading account
Cash 305,388 568,119
Unrealized gain on
open commodity
futures contracts 58,916 (66,865)
Interest receivable 1,462 2,202
__________ __________
$ 721,545 $ 856,594
__________ __________
__________ __________
LIABILITIES AND PARTNERS' CAPITAL
Liabilities
Accrued management
and incentive fees 1,915 2,249
Accrued administrative
expenses 4,699 6,074
Accrued brokerage
commissions 1,103 856
Redemptions payable 18,512 0
__________ __________
Total Liabilities 26,229 9,179
__________ __________
Partners' Capital 695,316 847,415
__________ __________
721,545 856,594
__________ __________
__________ __________
Net Asset Value
per Unit $ 153.158 $ 181.820
__________ __________
__________ __________
Units Outstanding 4,539.857 4,523.212
__________ __________
__________ __________
OXFORD FUTURES FUND, LTD.
(A Colorado Limited Partnership)
STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED MARCH 31, 2000 AND 1999
(Unaudited)
2000 1999
REVENUES
Realized tradings gains
(losses) $ (253,016) $ 102,458
Increase (decrease) in
unrealized trading gains 125,780 (75,793)
Interest 7,302 8,521
___________ ___________
(119,934) 35,186
___________ ___________
EXPENSES
Brokerage Commissions 6,192 8,265
Management fees 5,762 7,957
Incentive fees 0 1,838
Administrative 1,699 1,590
___________ ___________
13,653 19,650
___________ ___________
NET INCOME (LOSS) $ (133,587) $ 15,536
___________ ___________
___________ ___________
Net Income (loss) per
Partnership Unit $ (28.662) $ 2.752
___________ ___________
___________ ___________
OXFORD FUTURES FUND, LTD.
(A Colorado Limited Partnership)
STATEMENTS OF CASH FLOWS
Increase (Decrease) in Cash
FOR THE THREE MONTHS ENDED MARCH 31, 2000 AND 1999
(Unaudited)
2000 1999
CASH FLOWS PROVIDED BY
OPERATING ACTIVITIES
Net Gain (Loss) $ (133,587) $ 15,537
Adjustments to reconcile
net loss to net cash
provided by operating
activities
Commodity futures
trading account
cash 262,731 435,825
Unrealized gain (loss)
on open commodity
futures contracts (125,780) 75,793
Long Options 0 0
Short Options 0 0
Interest receivable 740 1,203
Accrued management and
incentive fees (335) (98,561)
Accrued expenses (1,375) (1,528)
Commissions payable 247 1,129
__________ __________
NET CASH PROVIDED BY
OPERATING ACTIVITIES 2,641 429,398
__________ __________
CASH FLOWS USED IN
FINANCING ACTIVITIES:
Limited partner
redemptions 0 (69,989)
__________ __________
NET INCREASE/DECREASE IN
CASH FOR THE PERIOD 2,641 359,409
CASH, BEGINNING OF PERIOD 353,138 3,344
__________ __________
CASH, END OF PERIOD $ 355,779 $ 362,753
__________ __________
__________ __________
OXFORD FUTURES FUND, LTD.
NOTES TO FINANCIAL STATEMENTS
1. The financial information for the three months ended March 31,
2000 and 1999 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, 1999.
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-31-2000
<PERIOD-END> MAR-31-2000
<CASH> 355,779
<SECURITIES> 364,304
<RECEIVABLES> 1,462
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 721,545
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 721,545
<CURRENT-LIABILITIES> 26,229
<BONDS> 0
0
0
<COMMON> 0
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 695,316
<SALES> 0
<TOTAL-REVENUES> (119,934)
<CGS> 0
<TOTAL-COSTS> (13,653)
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (133,587)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (133,587)
<EPS-BASIC> (28.662)
<EPS-DILUTED> 0
</TABLE>
