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

June 11, 2001



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, 2002 and all
other provisions of the Management Agreement will remain unchanged.

o        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  McAuliffe at the address
above or fax to  212-723-8985.  If you have any  questions  I can be  reached at
212-723-5435.

Very truly yours,

SMITH BARNEY FUTURES MANAGEMENT LLC


By:       /s/  Daniel R. McAuliffe, Jr.
          ----------------------------------
         Daniel R. McAuliffe, Jr.
         Chief Financial Officer & Director

AGREED AND ACCEPTED

ECKHARDT TRADING COMPANY


By:       /S/  Ms. Audrey L. Gale
         ----------------------------------

Print Name:     Ms. Audrey L. Gale
            -------------------------------
                Chief Financial Officer

DRMcA/sr