Organizational Costs

6 Months Ended

Jun. 30, 2011

Organizational Costs [Abstract]

Organizational Costs

3. Organizational Costs:

     Organizational costs of $96,931 relating to the issuance and marketing of the Partnership’s Units offered were initially paid by MS&Co. These costs have been recorded as due to MS&Co. in the Statement of Financial Condition. These costs are being reimbursed to MS&Co. by the Partnership in twelve monthly installments.

     As of June 30, 2011, $64,630 of these costs have been reimbursed to MS&Co by the Partnership. The remaining liability due to MS&Co of $32,301 will not reduce net asset value per Unit for any purpose other than financial reporting, including calculation of administrative and brokerage fees and the redemption value of Units.