WITTER DEAN DIVERSIFIED FUTURES FUND LTD PART /
10-K/A, 1997-04-22
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                                                UNITED STATES
                                     SECURITIES AND EXCHANGE COMMISSION
                                           Washington, D.C. 20549

                                                 FORM 10-K-A

[X]      Annual report pursuant to Section 13 or 15 (d) of the Securities
Exchange Act of 1934 [Fee Required]
For the fiscal year ended December 31, 1996 or

[ ]      Transition report pursuant to Section 13 or 15 (d) of the Securities
Exchange Act of 1934 [No Fee Required]
For the transition period from ___________to_______________
Commission File Number 33-90360  

           DEAN WITTER DIVERSIFIED FUTURES FUND LIMITED PARTNERSHIP

         (Exact name of registrant as specified in its Limited
                   Partnership Agreement)

          DELAWARE                                          13-3461507
(State or other jurisdiction of                           (I.R.S. Employer
 incorporation of organization)                          Identification No.)

c/o Demeter Management Corporation                          
Two World Trade Center, New York, N.Y.-62nd Fl.              10048             
(Address of principal executive offices)                  (Zip Code)           
                       
Registrant's telephone number, including area code       (212) 392-5454        
         
Securities registered pursuant to Section 12(b) of the Act:
                                                        Name of each exchange
Title of each class                                     on which registered

                 None                                         None         

Securities registered pursuant to Section 12(g) of the Act:

                                    Units of Limited Partnership Interest

                                              (Title of Class)


                                              (Title of Class)

   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        

  Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K (section 229.405 of this chapter) is not contained
herein, and will not be contained, to the best of registrant's knowledge,
in definitive proxy or information statements incorporated by reference in
Part III of this Form 10-K or any amendment of this Form 10K. [ X ]

State the aggregate market value of the Units of Limited Partnership Interest 
held by non-affiliates of the registrant.  The aggregate market value shall be
computed by reference to the price at which units were sold, or the average bid
and asked prices of such units, as of a specified date within 60 days prior to
the date of filing: $171,957,929.57 at January 31, 1997.

                                     DOCUMENTS INCORPORATED BY REFERENCE
                                                (See Page 1)

                                                      SIGNATURES

Pursuant to the requirement of Sections 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.
                                  
                                          DEAN WITTER DIVERSIFIED FUTURES FUND
                                           LIMITED PARTNERSHIP
                                                  (Registrant)

                                          BY:  Demeter Management Corporation,
                                                  General Partner

March 31, 1997                            BY: /s/ Mark J. Hawley               
                                                  Mark J. Hawley, Director and
                                                    President

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.

Demeter Management Corporation.

BY: /s/  Mark J. Hawley                                     March 31, 1997
            Mark J. Hawley, Director and
              President           

    /s/  Richard M. DeMartini                               March 31, 1997
            Richard M. DeMartini, Director
              and Chairman of the Board


    /s/  Lawrence Volpe                                     March 31, 1997
            Lawrence Volpe, Director        
              

    /s/  Laurence E. Mollner                                March 31, 1997
            Laurence E. Mollner, Director   
              

    /s/  Joseph G. Siniscalchi                              March 31, 1997
            Joseph G. Siniscalchi, Director 

     
    /s/  Edward C. Oelsner III                              March 31, 1997
            Edward C. Oelsner III, Director 


    /s/  Robert E. Murray                                   March 31, 1997
            Robert E. Murray, Director


    /s/  Patti L. Behnke                                    March 31, 1997
            Patti L. Behnke, Chief Financial
              Officer and Principal Accounting
              Officer

                                                     EXHIBIT INDEX


        ITEM                                             METHOD OF FILING

 -3.      Amended and Restated Limited
                  Partnership Agreement of
                  the Partnership, dated as of
                  June 30, 1995.                                     (1)
             
- - -10.      Amended and Restated Management
                  Agreement among the Partnership,
                  Demeter Management Corporation
                  and Dean Witter Futures &                           (2)
                  Currency Management Inc. dated
                  as of August 31, 1995. 

- - -10.      Amended and Restated Customer
                  Agreement Between the
                  Partnership and Dean Witter                   
                  Reynolds Inc., dated as of                           (3)
                  August 31, 1995.

- - -13.      December 31, 1996 Annual Report to Limited Partners.         (4)
                          

(1) Incorporated by reference to Exhibit 3.01 of the Partnership's
Registration Statement on Form S-1 (File No. 33-90360).

(2) Incorporated by reference to Exhibit 10.02 of the Partnership's
Registration Statement on Form S-1 (File No. 33-90360).

(3) Incorporated by reference to Exhibit 10.01 of the Partnership's
Registration Statement on Form S-1 (File No. 33-90360).

(4) Filed herewith.   
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