Management Agreement Renewals

Financial Services Agreement

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Smith Barney AAA Energy Fund L.P. | SB AAA Master Fund LLC

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Title: Management Agreement Renewals
Date: 3/16/2005

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Exhibit 10.9

June 11, 2004

AAA Capital Management Inc.
5051 Westheimer – Suite 2100
Houston, Texas 77056

Attention: Mr. Anthony Annunziato

Re: Management Agreement Renewals

Dear Mr. Annunziato:

We are writing with respect to your management agreements concerning the commodity pools to which reference is made below (the "Management Agreements"). We are extending the term of the Management Agreements through June 30, 2005 and all other provisions of the Management Agreements will remain unchanged.

Smith Barney AAA Ener

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