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CORRESP
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RESPONSE LETTER

July 18, 2005

Mr. Howard Efron

Staff Accountant

United States Securities and

Exchange Commission

450 Fifth Street, N.W.

Washington, DC  20549

     RE:
     IDS Managed Futures, L.P.

     Response
        to Amended Form 10-K/A for the fiscal year ended December 31, 2004

     File No. 0-16515

Dear Mr. Efron,

We have received your additional comments to our Form 10-K/A for the fiscal year ended December 31, 2004 and subsequently spoken to
you for clarification.  Accordingly, our response to each item is listed below.

Signatures

          1.
     In our filing of the Form 10-K/A, Exhibit 31 reflected the original date of the Form 10-K filing and should have been updated to the
date of the Form 10-K/A filing.  We understand that when making an amended filing, the current date should be reflected on the
Certification Exhibits and shall do so with any future amended filing.

Note 6 -
Investments in Other Commodity Pool

          2.
     In our filing of the Form 10-K/A we included separate Financial Statements for IDS Managed Funds, LLC in Exhibit 13.02 for the fiscal
year ended December 31, 2004.  Although the Financial Statements for IDS Managed Futures, L.P. were for additional periods, we
presented Financial Statements for IDS Managed Funds, LLC only for the fiscal year ended December 31, 2004 on the recommendation of
our auditors.  The basis of this is due to the fact that no other shareholders of the fund exist outside of the two IDS funds  (IDS
Managed Futures, L.P. and IDS Managed Futures II, L.P.) and we had not submitted two-year reports in the prior years.  If it is your
determination that we should include additional periods in the Financial Statements for IDS Managed Funds, LLC, we respectfully
request a reprieve from filing another amendment to the Form 10-K for the fiscal year ended December 31, 2004 and will file future
Form 10-Ks for IDS Managed Futures, L.P. according to your ruling.

This response
will be filed on Edgar as instructed.  Thank you for your consideration.

     By: /s/ Shaun O'Brien

     Shaun D. O'Brien

        Chief Financial Officer

        CIS Investments, Inc.

        July 18, 2005