794775--3/31/2006--WILLOWBRIDGE_FUND

related topics

{interest, director, officer}

{investment, property, distribution}

{tax, income, asset}

{gas, price, oil}

{personnel, key, retain}

{operation, international, foreign}

{loan, real, estate}

Commodity Markets are Speculative and Risky Commodity Interest Prices are Volatile Commodity Interest Trading Is Highly Leveraged Commodity Interest Trading May Be Illiquid Operating History of the Partnership Zero-Sum Trading; The Partnership Does Not Acquire any Asset with Intrinsic Value Partnership's Market Positions May Lack Diversity Possible Effects of Speculative Position Limits Unequal Allocation of the Partnership's Assets Among the Trading Strategies and Investment Programs Trading on Exchanges Outside the United States Reliance on the General Partner New Trading Strategies and Investment Programs Experience of the General Partner; Reliance on Key Individuals Past Results Are No Assurance of Future Performance Termination of the Arrangements with the Advisor, the Advisor's Licensor and Commodity Brokers Limited Ability To Liquidate or Withdraw Investment in Limited Partnership Units Limited Partners Will Not Participate in Management Possibility of Taxation as a Corporation Absence of Certain Statutory Registrations Exchanges of Futures for Physicals

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794775--3/31/2006--WILLOWBRIDGE_FUND_LP