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Management Agreement Renewals

Financial Services Agreement

Management Agreement Renewals
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This Financial Services Agreement involves

SALOMON SMITH BARNEY FAIRFIELD FUTURES FUND L P | Smith Barney Diversified Futures Fund L.P. II | Salomon Smith Barney Fairfield Futures Fund L.P | Citigroup Fairfield Futures Fund L.P. II | CITIGROUP MANAGED FUTURES LLC

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Title: Management Agreement Renewals
Date: 3/29/2006

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Exhibit 10.8

June 15, 2005

Graham Capital Management, L.P.
Rock Ledge Financial Center
40 Highland Avenue
Rowayton, CT 06853

Attention: Mr. Paul Sedlack

Re: Management Agreement Renewals

Dear Mr. Sedlack:

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, 2006 and all other provisions of the Management Agreements will remain unchanged.

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