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v2.3.0.11

Condensed Statements of Operations (USD $) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2011 | Jun. 30, 2010 | Jun. 30, 2011 | Jun. 30, 2010
Gain (loss) on trading of commodity futures contracts: |  |  |  |
Realized loss on closed positions | $ (1,127,760) | $ (2,761,400) | $ (3,068,370) | $ (2,772,650)
Change in unrealized gain (loss) on open positions | (799,220) | 4,573,760 | 716,570 | (4,783,520)
Dividend income | 880 | 3,342 | 3,081 | 4,872
Interest income | 123 | 423 | 227 | 775
Other income | 1,000 | 3,000 | 5,000 | 4,000
Total income (loss) | (1,924,977) | 1,819,125 | (2,343,492) | (7,546,523)
Expenses |  |  |  |
General Partners' management fees (Note 3) | 69,828 | 62,548 | 128,076 | 114,795
Professional fees | 49,868 | 36,900 | 99,188 | 188,500
Brokerage commissions | 1,712 | 4,193 | 4,378 | 6,213
Other expenses | 3,352 | 7,290 | 6,074 | 9,867
Total expenses | 124,760 | 110,931 | 237,716 | 319,375
Expense waiver (Note 3) | (35,903) | (30,482) | (73,573) | (169,020)
Net expenses | 88,857 | 80,449 | 164,143 | 150,355
Net income (loss) | $ (2,013,834) | $ 1,738,676 | $ (2,507,635) | $ (7,696,878)
Net income (loss) per limited partnership unit | (1.70) | 1.82 | (2.45) | (11.41)
Net income (loss) per weighted average limited partnership unit | (1.81) | 2.05 | (2.44) | (9.87)
Weighted average limited partnership units outstanding | 1,115,385 | 846,154 | 1,025,967 | 780,110

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