Smith Barney Futures Management LLC
                         388 Greenwich Street, 7th Floor
                          New York, New York 10013-2396

May 31, 2000



Eckhardt Trading Company
53 West Jackson Boulevard
Suite 1240
Chicago, Illinois 60604

Attention:  Ms. Audrey L. Gale

         Re:      Management Agreement Renewal

Dear Ms. Gale:

We are  writing  with  respect  to  your  management  agreement  concerning  the
commodity pool to which reference is made below (the "Management Agreement"). We
are extending the term of the Management  Agreement through June 30, 2001and all
other provisions of the Management Agreement will remain unchanged.

                      Salomon Smith Barney Global Diversified  Futures Fund L.P.
Please  acknowledge  receipt of this  modification  by signing  one copy of this
letter and returning it to the  attention of Mr. Daniel  Dantuono at the address
above or fax to  212-723-8985.  If you have any  questions  I can be  reached at
212-723-5416.

Very truly yours,

SMITH BARNEY FUTURES MANAGEMENT LLC


By:
         Daniel A. Dantuono
         Chief Financial Officer,
         Director & Treasurer

AGREED AND ACCEPTED

ECKHARDT TRADING

DAD/sr