October 1, 1996 Hyman Beck & Co. Inc. 6 Campus Drive - 2nd Fl. Parsippany, New Jersey 07054 Attention: Mr. David Fuller Dear Mr. Fuller: Effective immediately, all assets have been reallocated away from your trading account in the Shearson Hutton Performance Partners, L.P. This effectively terminates your management agreement with the Fund. Please liquidate your positions in an orderly fashion by Tuesday, October 1, 1996. If you have any questions, please call me at 212-723-5416. Very truly yours, SMITH BARNEY FUTURES MANAGEMENT INC. Daniel A. Dantuono Chief Financial Officer & Director DD/cs