-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 PpAd1Wcr+vrrUqUwnPwNwHsbMEVZJwRgRv+LMfFU222dID3ZCHtkhn5KeJRMCuJo
 ifR3LVpsEHlOfrnQ7T33+Q==

<SEC-DOCUMENT>0001043565-09-000012.txt : 20091015
<SEC-HEADER>0001043565-09-000012.hdr.sgml : 20091015
<ACCEPTANCE-DATETIME>20091014174059
ACCESSION NUMBER:		0001043565-09-000012
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20091015
DATE AS OF CHANGE:		20091014
EFFECTIVENESS DATE:		20091015

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			POTOMAC FUTURES FUND LP
		CENTRAL INDEX KEY:			0001043565
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		IRS NUMBER:				133937275
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-128356
		FILM NUMBER:		091119989

	BUSINESS ADDRESS:	
		STREET 1:		C/O CERES MANAGED FUTURES LLC
		STREET 2:		55 EAST 59TH STREET - 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-559-2011

	MAIL ADDRESS:	
		STREET 1:		C/O CERES MANAGED FUTURES LLC
		STREET 2:		55 EAST 59TH STREET - 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SMITH BARNEY POTOMAC FUTURES FUND LP
		DATE OF NAME CHANGE:	19970806
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001043565</cik>
        <entityName>POTOMAC FUTURES FUND LP</entityName>
        <issuerAddress>
            <street1>C/O CERES MANAGED FUTURES LLC</street1>
            <street2>55 EAST 59TH STREET - 10TH FLOOR</street2>
            <city>NEW YORK</city>
            <stateOrCountry>NY</stateOrCountry>
            <zipCode>10022</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>212-559-2011</issuerPhoneNumber>
        <jurisdictionOfInc>NEW YORK</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>SMITH BARNEY POTOMAC FUTURES FUND LP</previousName>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jennifer</firstName>
                <lastName>Magro</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>55 East 59th Street, 10th Floor</street1>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10022</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>CFO, VP and Director of Ceres Managed Futures LLC, the General Partner (&quot;General Partner&quot;)</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Daryl</firstName>
                <lastName>Dewbrey</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>55 East 59th Street, 10th Floor</street1>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10022</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Shelley</firstName>
                <middleName>Deavitt</middleName>
                <lastName>Ullman</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>55 East 59th Street, 10th Floor</street1>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10022</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Senior VP and Director of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jerry</firstName>
                <lastName>Pascucci</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>55 East 59th Street, 10th Floor</street1>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10022</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>President, Chief Investment Officer and Director of the General
Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Raymond</firstName>
                <lastName>Nolte</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>55 East 59th Street, 10th Floor</street1>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10022</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of the General Partner</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001227265-09-000013</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>1997-10-11</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Citigroup Global Markets Inc. (&quot;CGM&quot;)</recipientName>
                <recipientCRDNumber>7059</recipientCRDNumber>
                <associatedBDName>Citigroup Global Markets Inc.</associatedBDName>
                <associatedBDCRDNumber>7059</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>390 Greenwich Street</street1>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10013</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Morgan Stanley Smith Barney LLC (&quot;MSSB&quot;)</recipientName>
                <recipientCRDNumber>149777</recipientCRDNumber>
                <associatedBDName>Morgan Stanley Smith Barney LLC</associatedBDName>
                <associatedBDCRDNumber>149777</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2000 WESTCHESTER AVENUE</street1>
                    <city>Purchase</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10577-2530</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>363269948</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>16</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>3143</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>CGM may pay a portion of its commodity brokerage fees to its qualified registered representatives or those of other qualified firms, including MSSB, who provide ongoing services to investors.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>POTOMAC FUTURES FUND LP</issuerName>
                <signatureName>Jennifer Magro</signatureName>
                <nameOfSigner>Jennifer Magro</nameOfSigner>
                <signatureTitle>See the Title in the Clarification Box in Item #3 above</signatureTitle>
                <signatureDate>2009-10-14</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----