FORM 10-Q
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
(X) QUARTERLY REPORT UNDER SECTION 13 or 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
OR ( ) TRANSITION REPORT UNDER SECTION 13 or 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarter ended September 30, 1998
Commission File Number 0-21586
F-1000 FUTURES FUND L.P., SERIES IX
(Exact name of registrant as specified in its charter)
New York 13-3678327
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
c/o Smith Barney Futures Management Inc.
390 Greenwich St. - 1st Fl.
New York, New York 10013
(Address and Zip Code of principal executive offices)
(212) 723-5424
(Registrant's telephone number, including area code)
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
<PAGE>
F-1000 FUTURES FUND L.P., SERIES IX
FORM 10-Q
INDEX
Page
Number
PART I - Financial Information:
Item 1. Financial Statements:
Statement of Financial Condition
at September 30, 1998 and December 31,
1997 3
Statement of Income and Expenses
and Partners' Capital for the three
and nine months ended September 30,
1998 and 1997 4
Notes to Financial Statements 5 - 8
Item 2. Management's Discussion and Analysis
of Financial Condition and Results of
Operations 9 - 11
Item 3. Quantitative and Qualitative
Disclosures of Market Risk 12
PART II - Other Information 13 - 14
2
<PAGE>
PART I
Item 1. Financial Statements
F-1000 FUTURES FUND L.P., SERIES IX
STATEMENT OF FINANCIAL CONDITION
<TABLE>
<CAPTION>
SEPTEMBER 30, DECEMBER 31,
1998 1997
------------- ----------
(Unaudited)
<S> <C> <C>
ASSETS:
Equity in commodity futures trading account:
Cash and cash equivalents $1,797,589 $1,869,607
Net unrealized appreciation
on open futures contracts 292,610 189,234
Zero Coupons, $4,915,000 and $5,580,000
principal amount in 1998 and 1997, respectively,
due May 15, 1999, at market value
(amortized cost $4,768,711 and $5,179,077,
in 1998 and 1997, respectively) 4,779,592 5,167,917
---------- ----------
6,869,791 7,226,758
Receivable from SSB on sale of Zero Coupons 90,432 321,204
Interest receivable 5,405 6,812
---------- ----------
$6,965,628 $7,554,774
========== ==========
LIABILITIES AND PARTNERS' CAPITAL:
Liabilities:
Accrued expenses:
Commissions $ 18,658 $ 18,446
Management fees 4,318 4,309
Other 24,628 19,875
Incentive fees 19,708 -
Redemption payable 128,104 439,802
---------- ----------
195,416 482,432
---------- ----------
Partners' Capital:
General Partner, 103 Units equivalents
outstanding in 1998 and 1997 141,878 130,547
Limited Partners, 4,812 and 5,477 Units
of Limited Partnership
Interest outstanding in 1998 and 1997,
respectively 6,628,334 6,941,795
---------- ----------
6,770,212 7,072,342
---------- ----------
$6,965,628 $7,554,774
========== ==========
</TABLE>
See Notes to Financial statements.
3
<PAGE>
F-1000 FUTURES FUND L.P., SERIES IX
STATEMENT OF INCOME AND EXPENSES AND PARTNERS' CAPITAL
(UNAUDITED)
<TABLE>
<CAPTION>
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
----------- ------------ ---------- -----------
1998 1997 1998 1997
----------- ----------- ----------- ------------
<S> <C> <C> <C> <C>
Income:
Net gains (losses) on trading of commodity
futures:
Realized gains on closed positions $ 335,192 $ 201,890 $ 399,425 $ 568,754
Change in unrealized gains/losses on open
positions 242,418 (5,031) 103,376 4,941
----------- ----------- ----------- -----------
577,610 196,859 502,801 573,695
Less, brokerage commissions and clearing fees
($1,209, $2,334, $5,004 and $6,622, respectively) (49,857) (65,344) (162,954) (198,102)
----------- ----------- ----------- -----------
Net realized and unrealized gains 527,753 131,515 339,847 375,593
Gain (loss) on sale of Zero Coupons 1,876 (970) 15,483 (7,825)
Unrealized appreciation on Zero Coupons 24,922 31,618 22,041 36,523
Interest income 82,453 97,032 255,464 294,474
----------- ----------- ----------- -----------
637,004 259,195 632,835 698,765
----------- ----------- ----------- -----------
Expenses:
Management fees 11,980 13,773 34,521 41,804
Other 10,054 9,626 31,316 34,789
Incentive fees 19,708 - 19,708 50,954
----------- ----------- ----------- -----------
41,742 23,399 85,545 127,547
----------- ----------- ----------- -----------
Net income 595,262 235,796 547,290 571,218
Redemptions (128,104) (295,463) (849,420) (907,601)
----------- ----------- ----------- -----------
Net increase (decrease) in Partners' capital 467,158 (59,667) (302,130) (336,383)
Partners' capital, beginning of period 6,303,054 7,480,050 7,072,342 7,756,766
----------- ----------- ----------- -----------
Partners' capital, end of period $ 6,770,212 $ 7,420,383 $ 6,770,212 $ 7,420,383
----------- ----------- ----------- -----------
Net asset value per Unit
(4,915 and 5,927 Units outstanding
at September 30, 1998 and 1997, respectively) $ 1,377.46 $ 1,251.96 $ 1,377.46 $ 1,251.96
----------- ----------- ----------- -----------
Net income per Unit of Limited Partnership
Interest and General Partner Unit equivalent $ 118.86 $ 38.26 $ 110.02 $ 87.80
----------- ----------- ----------- -----------
</TABLE>
See Notes to Financial Statements
4
<PAGE>
F-1000 FUTURES FUND L.P., SERIES IX
NOTES TO FINANCIAL STATEMENTS
September 30, 1998
(Unaudited)
1. General
F-1000 Futures Fund L.P., Series IX (the "Partnership") is a limited
partnership organized under the laws of the State of New York on August 25, 1992
to engage in the speculative trading of a diversified portfolio of commodity
interests including futures contracts, options and forward contracts. The
commodity interests that are traded by the Partnership are volatile and involve
a high degree of market risk. The Partnership maintains a portion of its assets
in interest payments stripped from U.S. Treasury Bonds under the Treasury's
STRIPS program for which payments are due approximately nine years from the date
trading commenced ("Zero Coupons"). The Partnership uses such Zero Coupons and
its other assets to margin its commodities account. The Partnership commenced
trading on March 9, 1993.
Smith Barney Futures Management Inc. acts as the general partner (the
"General Partner") of the Partnership. On September 1, 1998, the Partnership's
commodity broker, Smith Barney Inc., merged with Salomon Brothers Inc and
changed its name to Salomon Smith Barney Inc. ("SSB"). SSB is an affiliate of
the General Partner. The General Partner is wholly owned by Salomon Smith Barney
Holdings Inc. ("SSBH"), which is the sole owner of SSB. SSBH is a wholly owned
subsidiary of Travelers Group Inc. All trading decisions are made for the
Partnership by Trendview Management Inc. and Rabar Market Research, Inc.
(collectively, the "Advisors"). (see Note 5)
The accompanying financial statements are unaudited but, in the
opinion of management, include all adjustments (consisting only of normal
recurring adjustments) necessary for a fair presentation of the Partnership's
financial condition at September 30, 1998 and the results of its operations for
the three and nine months ended September 30, 1998 and 1997. These financial
statements present the results of interim periods and do not include all
disclosures normally provided in annual financial statements. It is suggested
that these financial statements be read in conjunction with the financial
statements and notes included in the Partnership's annual report on Form 10-K
filed with the Securities and Exchange Commission for the year ended December
31, 1997.
Due to the nature of commodity trading, the results of operations for
the interim periods presented should not be considered indicative of the results
that may be expected for the entire year.
5
<PAGE>
F-1000 FUTURES FUND L.P., SERIES IX
NOTES TO FINANCIAL STATEMENTS
(continued)
2. Net Asset Value Per Unit:
Changes in net asset value per Unit for the three and nine months ended
September 30, 1998 and 1997 were as follows:
THREE-MONTHS ENDED NINE-MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
1998 1997 1998 1997
Net realized and unrealized
gains $105.38 $21.34 $ 70.77 $ 56.50
Realized and unrealized
gains on Zero Coupons 5.35 4.97 7.31 4.94
Interest income 16.47 15.74 48.32 45.95
Expenses (8.34) (3.79) (16.38) (19.59)
--------- --------- --------- ---------
Increase for period 118.86 38.26 110.02 87.80
Net Asset Value per Unit,
beginning of period 1,258.60 1,213.70 1,267.44 1,164.16
--------- --------- --------- ---------
Net Asset Value per Unit,
end of period $1,377.46 $1,251.96 $1,377.46 $1,251.96
========= ========= ========= =========
3. Trading Activities:
The Partnership was formed for the purpose of trading contracts in a
variety of commodity interests, including derivative financial instruments and
derivative commodity instruments. The results of the Partnership's trading
activity are shown in the statement of income and expenses.
The Customer Agreement between the Partnership and SSB gives the
Partnership the legal right to net unrealized gains and losses.
All of the commodity interests owned by the Partnership are held for
trading purposes. The fair value of these commodity interests, including options
thereon, at September 30, 1998 and December 31, 1997 was $292,610 and $189,234,
respectively, and the average fair value during the nine and twelve months then
ended, based on monthly calculation was $122,926 and $210,449, respectively.
4. Financial Instrument Risk:
The Partnership is party to financial instruments with off- balance
sheet risk, including derivative financial instruments and derivative commodity
instruments, in the normal course of its
6
<PAGE>
business. These financial instruments include forwards, futures and options,
whose value is based upon an underlying asset, index, or reference rate, and
generally represent future commitments to exchange currencies or cash flows, to
purchase or sell other financial instruments at specific terms at specified
future dates, or, in the case of derivative commodity instruments, to have a
reasonable possibility to be settled in cash or with another financial
instrument. These instruments may be traded on an exchange or over-the counter
("OTC"). Exchange traded instruments are standardized and include futures and
certain option contracts. OTC contracts are negotiated between contracting
parties and include forwards and certain options. Each of these instruments is
subject to various risks similar to those related to the underlying financial
instruments including market and credit risk. In general, the risks associated
with OTC contracts are greater than those associated with exchange traded
instruments because of the greater risk of default by the counterparty to an OTC
contract.
Market risk is the potential for changes in the value of the financial
instruments traded by the Partnership due to market changes, including interest
and foreign exchange rate movements and fluctuations in commodity or security
prices. Market risk is directly impacted by the volatility and liquidity in the
markets in which the related underlying assets are traded.
Credit risk is the possibility that a loss may occur due to the failure
of a counterparty to perform according to the terms of a contract. Credit risk
with respect to exchange traded instruments is reduced to the extent that an
exchange or clearing organization acts as a counterparty to the transactions.
The Partnership's risk of loss in the event of counterparty default is typically
limited to the amounts recognized in the statement of financial condition and
not represented by the contract or notional amounts of the instruments. The
Partnership has concentration risk because the sole counterparty or broker with
respect to the Partnership's assets is SSB.
The General Partner monitors and controls the Partnership's risk
exposure on a daily basis through financial, credit and risk management
monitoring systems and, accordingly believes that it has effective procedures
for evaluating and limiting the credit and market risks to which the Partnership
is subject. These monitoring systems allow the General Partner to statistically
analyze actual trading results with risk adjusted performance indicators and
correlation statistics. In addition, on-line monitoring systems provide account
analysis of futures, forwards and options positions by sector, margin
requirements, gain and loss transactions and collateral positions.
The notional or contractual amounts of these instruments,
while not recorded in the financial statements, reflect the extent of the
Partnership's involvement in these instruments. At
7
<PAGE>
September 30, 1998, the notional or contractual amounts of the Partnership's
commitment to purchase and sell these instruments was $33,480,168 and
$1,520,558, respectively, as detailed below. All of these instruments mature
within one year of September 30, 1998. However, due to the nature of the
Partnership's business, these instruments may not be held to maturity. At
September 30, 1998, the fair value of the Partnership's derivatives, including
options thereon, was $292,610, as detailed below.
SEPTEMBER 30, 1998
NOTIONAL OR CONTRACTUAL
AMOUNT OF COMMITMENTS
TO PURCHASE TO SELL FAIR VALUE
Currencies:
- Exchange Traded Contracts $ 1,571,237 $ 469,271 $ 22,440
- OTC Contracts 1,258,871 104,660 18,654
Energy 89,431 - 708
Grains 15,438 160,143 648
Interest Rate U.S. 7,506,395 - 103,644
Interest Rates Non-U.S 22,938,783 - 136,732
Metals 100,013 279,952 (892)
Softs - 112,511 (1,920)
Indices - 394,021 12,596
----------- ---------- ---------
Totals $33,480,168 $1,520,558 $ 292,610
=========== ========== =========
At December 31, 1997, the notional or contractual amounts of the
Partnership's commitment to purchase and sell these instruments was $22,485,602
and $13,608,222, respectively, and the fair value of the Partnership's
derivatives, including options thereon, was $189,234 as detailed below. All of
these instruments are exchange traded.
DECEMBER 31, 1997
NOTIONAL OR CONTRACTUAL
AMOUNT OF COMMITMENTS
TO PURCHASE TO SELL FAIR VALUE
Currencies:
- Exchange Traded Contracts $ 365,170 $ 3,009,202 $ 29,903
Energy - 536,290 27,986
Grains - 850,281 19,336
Interest Rates U.S. 9,068,015 - 5,997
Interest Rate Non-U.S 12,259,700 6,105,305 34,668
Livestock - 531,362 7,310
Metals 767,217 1,788,949 23,225
Softs 25,500 686,993 36,009
Lumber - 99,840 4,800
----------- ----------- --------
Totals $22,485,602 $13,608,222 $189,234
=========== =========== ========
5. Subsequent Event:
On October 8, 1998, Travelers Group Inc. merged with Citicorp Inc.
and changed its name to Citigroup Inc.
8
<PAGE>
Item 2. Management's Discussion and Analysis of Financial
Condition and Results of Operations.
Liquidity and Capital Resources
The Partnership does not engage in the sale of goods or services. Its
only assets are its equity in its commodity futures trading account, consisting
of cash and cash equivalents, Zero Coupons, net unrealized appreciation
(depreciation) on open futures and forward contracts, commodity options and
interest receivable. Because of the low margin deposits normally required in
commodity futures trading, relatively small price movements may result in
substantial losses to the Partnership. While substantial losses could lead to a
substantial decrease in liquidity no such losses occurred in the Partnership's
third quarter of 1998.
The Partnership's capital consists of capital contributions, as
increased or decreased by gains or losses on commodity futures trading and Zero
Coupons, expenses, interest income, redemptions of Units and distributions of
profits, if any.
For the nine months ended September 30, 1998, Partnership capital
decreased 4.3% from $7,072,342 to $6,770,212. This decrease was attributable to
the redemption of 665 Units resulting in an outflow of $849,420 which was
partially offset by net income of operations of $547,290 during the nine months
ended September 30, 1998. Future redemptions can impact the amount of funds
available for investments in commodity contract positions in subsequent periods.
Operational Risk
The General Partner administers the business of the Partnership through
various systems and processes maintained by SSBH. SSBH has analyzed the impact
of the year 2000 on its systems and processes and modifications for compliance
are proceeding according to plan. All modifications necessary for year 2000
compliance are expected to be completed by the first quarter of 1999. In July
1998, SSB participated in successful industry-wide testing coordinated by the
Securities Industry Association and plans to participate in such tests in the
future. The purpose of industry-wide testing is to confirm that exchanges,
clearing organizations, and other securities industry participants are prepared
for the year 2000.
The most likely and most significant risk to the Partnership associated
with the lack of year 2000 readiness is the failure of outside organizations,
including the commodities exchanges, clearing organizations or regulators with
which the Partnership interacts to resolve their year 2000 issues in a timely
manner. This risk could involve the inability to determine the value of the
Partnership at some point in time and would make effecting purchases or
redemptions of Units in the Partnership infeasible
9
<PAGE>
until such valuation was determinable.
In addition, the General Partner is addressing the technological
implications that will result from regulatory and market changes due to Europe's
Economic and Monetary Union ("EMU").
Risks to the Partnership exist in the lack of experience with this new
currency and the potential impact it can have on the Advisors' trading programs.
Risks also exist in the failure of external information technology and
accounting systems to adequately prepare for the conversion. This issue is
particularly acute in the area of the exchanges, clearing houses and
over-the-counter foreign exchange markets where the futures interests are
traded. If the necessary changes are not properly implemented, the Partnership
could suffer failed trade settlements, inability to reconcile trading positions
and funding disruptions. Such events could result in erroneous entries in the
Partnership's accounts, mispriced transactions, and a delay or inability to
provide timely pricing of Units for the purpose of effecting purchases and
redemptions.
SSB has evaluated its internal systems and made the necessary changes
to accommodate EMU transactions on behalf of the Partnership. The General
Partner will continue to monitor and communicate with the Advisors and related
third-party entities to assure preparation for the EMU conversion and advanced
notification of impending issues or problems.
Results of Operations
During the Partnership's third quarter of 1998, the net asset value per
Unit increased 9.4% from $1,258.60 to $1,377.46 as compared to the third quarter
of 1997 in which the net asset value per Unit increased 3.2%. The Partnership
experienced a net trading gain before brokerage commissions and related fees in
the third quarter of 1998 of $577,610. Gains were recognized in the trading of
currencies, U.S. and non-U.S. interest rates, livestock, indices and energy and
were partially offset by losses in metals and softs. The Partnership experienced
a net trading gain before brokerage commissions and related fees in the third
quarter of 1997 of $196,859. Gains were recognized in the trading of indices,
currencies, U.S. and non-U.S. interest rates and metals and were partially
offset by losses in grains, energy products, livestock and softs.
Commodity futures markets are highly volatile. Broad price fluctuations
and rapid inflation increase the risks involved in commodity trading, but also
increase the possibility of profit. The profitability of the Partnership depends
on the existence of major price trends and the ability of the Advisors to
identify correctly those price trends. Price trends are influenced by, among
other things, changing supply and demand relationships, weather, governmental,
agricultural, commercial and trade programs
10
<PAGE>
and policies, national and international political and economic events and
changes in interest rates. To the extent that market trends exist and the
Advisors are able to identify them, the Partnership expects to increase capital
through operations.
Interest income on 75% of the Partnership's daily average equity
maintained in cash was earned on the monthly average 13-week U.S. Treasury bill
yield. Also included in interest income is the amortization of original issue
discount on the Zero Coupons based on the interest method. Interest income for
the three and nine months ended September 30, 1998 decreased by $14,579 and
$39,010, respectively as compared to the corresponding periods in 1997. The
decrease in interest income is primarily due to the effect of redemptions on the
Partnership's Zero Coupons and equity maintained in cash.
Brokerage commissions are calculated on the adjusted net asset value on
the last day of each month and, therefore, vary according to trading performance
and redemptions. Accordingly, they must be compared in relation to the
fluctuations in the monthly net asset values. Commissions and fees for the three
and nine months ended September 30, 1998 decreased by $15,487 and $35,148,
respectively, as compared to the corresponding periods in 1997.
All trading decisions for the Partnership are currently being made by
the Advisors. Management fees are calculated as a percentage of the
Partnership's net asset value as of the end of each month and are affected by
trading performance and redemptions. Management fees for the three and nine
months ended September 30, 1998 decreased by $1,793 and $7,283, respectively, as
compared to the corresponding periods in 1997.
Incentive fees are based on the new trading profits generated by each
Advisor as defined in the advisory agreements between the Partnership, the
General Partner and each Advisor. Trading performance for the three and nine
months ended September 30, 1998 resulted in incentive fees of $19,708. Trading
performance for the three and nine months ended September 30, 1997 resulted in
incentive fees of $0 and $50,954, respectively.
11
<PAGE>
Item 3. Quantitative and Qualitative Disclosures of Market Risk
The Partnership is subject to SEC Financial Reporting Release No.
48, regarding quantitative and qualitative disclosures of market risk and will
comply with the disclosure and reporting requirements in its Form 10-K as of
December 31, 1998.
12
<PAGE>
PART II OTHER INFORMATION
Item 1. Legal Proceedings
Between May 1994 and the present, Salomon Brothers Inc.
("SBI"), Smith Barney Inc. ("SB") and The Robinson
Humphrey Company, Inc. ("R-H"), all currently
subsidiaries of Salomon Smith Barney Holdings Inc.
("SSBH"), along with a number of other broker-dealers,
were named as defendants in approximately 25 federal
court lawsuits and two state court lawsuits, principally
alleging that companies that make markets in securities
traded on NASDAQ violated the federal antitrust laws by
conspiring to maintain a minimum spread of $.25 between
the bid and asked price for certain securities. The
federal lawsuits and one state court case were
consolidated for pre-trial purposes in the Southern
District of New York in the fall of 1994 under the
caption In re NASDAQ Market-Makers Antitrust Litigation,
United States District Court, Southern District of New
York No. 94-CIV-3996 (RWS); M.D.L. No. 1023. The other
state court suit, Lawrence A. Abel v. Merrill Lynch &
Co., Inc. et al.; Superior Court of San Diego, Case No.
677313, has been dismissed without prejudice in
conjunction with a tolling agreement.
In consolidated action, the plaintiffs purport to represent a
class of persons who bought one or more of what they currently
estimate to be approximately 1,650 securities on NASDAQ between
May 1, 1989 and May 27, 1994. They seek unspecified monetary
damages, which would be trebled under the antitrust laws. The
plaintiffs also seek injunctive relief, as well as attorney's
fees and the costs of the action. (The state cases seek similar
relief.) Plaintiffs in the consolidated action filed an amended
consolidated complaint that defendants answered in December
1995. On November 26, 1996, the Court certified a class
composed of retail purchasers. A motion to include
institutional investors in the class and to add class
representatives was granted. In December 1997, SBI, SB and R-H,
along with several other broker-dealer defendants, executed a
settlement agreement with the plaintiffs. This agreement has
been preliminarily approved by the U.S. District Court for the
Southern District of New York but is subject to final approval.
On July 17, 1996, the Antitrust Division of the Department of
Justice filed a complaint against a number of firms that act as
market makers in NASDAQ stocks. The complaint basically alleged
that a common understanding
13
<PAGE>
arose among NASDAQ market makers which worked to keep quote
spreads in NASDAQ stocks artificially wide. Contemporaneous
with the filing of the complaint, SBI, SB and other defendants
entered into a stipulated settlement agreement, pursuant to
which the defendants would agree not to engage in certain
practices relating to the quoting of NASDAQ securities and
would further agree to implement a program to ensure compliance
with federal antitrust laws and with the terms of the
settlement. In entering into the stipulated settlement, SBI and
SB did not admit any liability. There are no fines, penalties,
or other payments of monies in connection with the settlement.
In April 1997, the U.S. District Court for the Southern
District of New York approved the settlement. In May 1997,
plaintiffs in the related civil action (who were permitted to
intervene for limited purposes) appealed the district court's
approval of the settlement. The appeal was argued in March 1998
and was affirmed in August 1998.
The Securities and Exchange Commission ("SEC") is also
conducting a review of the NASDAQ marketplace, during which it
has subpoenaed documents and taken the testimony of various
individuals including SBI and SB personnel. In July 1996, the
SEC reached a settlement with the National Association of
Securities Dealers and issued a report detailing certain
conclusions with respect to the NASD and the NASDAQ market.
In December 1996, a complaint seeking unspecified
monetary damages was filed by Orange County, California
against numerous brokerage firms, including SB, in the
U.S. Bankruptcy Court for the Central District of
California. Plaintiff alleged, among other things, that
the defendants recommended and sold to plaintiff
unsuitable securities. The case (County of Orange et al.
v. Bear Stearns & Co. Inc. et al.) has been stayed by
agreement of the parties.
Item 2. Changes in Securities and Use of Proceeds - None
Item 3. Defaults Upon Senior Securities - None
Item 4. Submission of Matters to a Vote of Security Holders - None
Item 5. Other Information - None
Item 6. (a) Exhibits - None
(b) Reports on Form 8-K - None
14
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15 (d) 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.
F-1000 FUTURES FUND L.P., SERIES IX
By: Smith Barney Futures Management Inc.
(General Partner)
By:
David J. Vogel, President
Date:
Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed below by the following persons on behalf of
the registrant and in the capacities and on the dates indicated.
By: Smith Barney Futures Management Inc.
(General Partner)
By:
David J. Vogel, President
Date:
By:
Daniel A. Dantuono
Chief Financial Officer and
Director
Date:
15
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15 (d) 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.
F-1000 FUTURES FUND L.P., SERIES IX
By: Smith Barney Futures Management Inc.
(General Partner)
By: /s/ David J. Vogel, President
David J. Vogel, President
Date: 11/12/98
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.
By: Smith Barney Futures Management Inc.
(General Partner)
By: /s/ David J. Vogel, President
David J. Vogel, President
Date: 11/12/98
By: /s/ Daniel A. Dantuono
Daniel A. Dantuono
Chief Financial Officer and
Director
Date: 11/12/98
15
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<CIK> 0000892381
<NAME> F-1000 FUTURES FUND L.P., SERIES IX
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> SEP-30-1998
<CASH> 1,797,589
<SECURITIES> 5,072,202
<RECEIVABLES> 95,837
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 6,965,628
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 6,965,628
<CURRENT-LIABILITIES> 195,416
<BONDS> 0
0
0
<COMMON> 0
<OTHER-SE> 6,770,212
<TOTAL-LIABILITY-AND-EQUITY> 6,965,628
<SALES> 0
<TOTAL-REVENUES> 632,835
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 85,545
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 547,290
<INCOME-TAX> 0
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<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 547,290
<EPS-PRIMARY> 110.02
<EPS-DILUTED> 0
</TABLE>
