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Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

Re: ProFutures Long/Short Growth Fund, L.P.
Commission File Number 0-25585

Dear Sirs:

This filing contains Form 10-Q for the quarter ended March 31, 2003.

Very truly yours,

PROFUTURES LONG/SHORT GROWTH FUND, L.P.



SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

X Quarterly Report Under Section 13 or 15(d) of the
Securities Exchange Act of 1934

For the Quarter Ended March 31, 2003
--------------

Commission File Number 0-25585
-------



PROFUTURES LONG/SHORT GROWTH FUND, L.P.
---------------------------------------
(Exact name of registrant)


Delaware 74-2849862
- ----------------------- ------------------------------------
(State of Organization) (I.R.S. Employer Identification No.)



ProFutures, Inc.
11612 Bee Cave Road
Suite 100
Austin, Texas 78738
---------------------------------------
(Address of principal executive office)

Registrant's telephone number
(800) 348-3601
--------------

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

Yes X
No


Indicate by check mark whether the registrant is an accelerated filer (as
defined in Rule 12b-2 of the Exchange Act).

Yes
No X



PART I - FINANCIAL INFORMATION


Item 1. Financial Statements.


PROFUTURES LONG/SHORT GROWTH FUND, L.P.
STATEMENTS OF FINANCIAL CONDITION
March 31, 2003 (Unaudited) and December 31, 2002 (Audited)
-------------



March 31, December 31,
2003 2002
---- ----
ASSETS
Equity in broker trading accounts
Cash $11,245,686 $10,788,323
Net option premiums (received) (192,750) (199,000)
Unrealized gain (loss) on open contracts (66,614) 701,173
----------- -----------

Deposits with broker 10,986,322 11,290,496

Cash 13,685 12,710
----------- -----------

Total assets $11,000,007 $11,303,206
=========== ===========

LIABILITIES
Accounts payable $ 9,861 $ 17,609
Commissions and other trading fees
on open contracts 11,548 10,743
Incentive fees payable 0 153,011
Management fees payable 47,055 46,257
Redemptions payable 28,057 38,563
----------- -----------

Total liabilities 96,521 266,183
----------- -----------

PARTNERS' CAPITAL (Net Asset Value)
General Partner - 61 units outstanding at
March 31, 2003 and December 31, 2002 64,773 63,353
Limited Partners - 10,282 and 10,643 units
outstanding at March 31, 2003 and
December 31, 2002 10,838,713 10,973,670
----------- -----------

Total partners' capital
(Net Asset Value) 10,903,486 11,037,023
----------- -----------

$11,000,007 $11,303,206
=========== ===========


See accompanying notes.



PROFUTURES LONG/SHORT GROWTH FUND, L.P.
CONDENSED SCHEDULE OF INVESTMENTS
March 31, 2003
(Unaudited)
-----------



LONG FUTURES CONTRACTS
- ----------------------

% of Net
Description Value Asset Value
----------- ----- -----------

Agricultural $ (59,010) (0.54)%
Currency (1,343) (0.01)%
Energy (47,210) (0.43)%
Interest rate 30,475 0.28 %
Metal (93,278) (0.86)%
Stock index (3,334) (0.03)%
---------- ------

Total long futures contracts $ (173,700) (1.59)%
---------- ------


SHORT FUTURES CONTRACTS
- -----------------------

% of Net
Description Value Asset Value
----------- ----- -----------

Agricultural $ 23,090 0.21 %
Currency (8,125) (0.07)%
Metal (8,380) (0.08)%
---------- ------

Total short futures contracts $ 6,585 0.06 %
---------- ------

Total futures contracts $ (167,115) (1.53)%
========== ======


WRITTEN OPTIONS ON FUTURES CONTRACTS
- ------------------------------------

% of Net
Description Value Asset Value
----------- ----- -----------

Stock Index Options
(premium received - $192,750) $ (92,250) (0.85)%
========== ======


See accompanying notes.



PROFUTURES LONG/SHORT GROWTH FUND, L.P.
STATEMENTS OF OPERATIONS
For the Three Months Ended March 31, 2003 and 2002
(Unaudited)
-------------



Three months ended
March 31,
2003 2002
---- ----
INCOME
Trading gains (losses)
Realized $ 1,192,525 $ 512,131
Change in unrealized (767,787) 162,916
------------ ------------

Gain from trading 424,738 675,047

Interest income 30,789 51,345
------------ ------------

Total income 455,527 726,392
------------ ------------

EXPENSES
Brokerage commissions 79,703 74,763
Incentive fees 0 202,226
Management fees 86,379 90,454
Operating expenses 24,563 32,176
------------ ------------

Total expenses 190,645 399,619
------------ ------------

NET INCOME $ 264,882 $ 326,773
============ ============

NET INCOME PER GENERAL AND
LIMITED PARTNER UNIT
(based on weighted average number of
units outstanding during the period of
10,556 and 12,674, respectively) $ 25.09 $ 25.78
============ ============

INCREASE IN NET ASSET VALUE PER
GENERAL AND LIMITED PARTNER UNIT $ 23.10 $ 25.10
============ ============


See accompanying notes.



PROFUTURES LONG/SHORT GROWTH FUND, L.P.
STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (NET ASSET VALUE)
For the Three Months Ended March 31, 2003 and 2002
(Unaudited)
-------------



Total Partners' Capital
Number of ----------------------------------
Units General Limited Total
--------- -------- ----------- -----------

Balances at
December 31, 2002 10,704 $ 63,353 $10,973,670 $11,037,023

Net income for the
three months ended
March 31, 2003 1,420 263,462 264,882

Redemptions (361) 0 (398,419) (398,419)
------ -------- ----------- -----------

Balances at
March 31, 2003 10,343 $ 64,773 $10,838,713 $10,903,486
====== ======== =========== ===========

Balances at
December 31, 2001 12,974 $ 56,537 $11,882,135 $11,938,672

Net income for the
three months ended
March 31, 2002 1,542 325,231 326,773

Redemptions (810) 0 (766,976) (766,976)
------ -------- ----------- -----------

Balances at
March 31, 2002 12,164 $ 58,079 $11,440,390 $11,498,469
====== ======== =========== ===========


Net asset value
per unit at
December 31, 2001 $ 920.18
===========
March 31, 2002 $ 945.28
===========
December 31, 2002 $ 1,031.12
===========
March 31, 2003 $ 1,054.22
===========


See accompanying notes.



PROFUTURES LONG/SHORT GROWTH FUND, L.P.
NOTES TO FINANCIAL STATEMENTS
(Unaudited)
-------------



Note 1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
-----------------------------------------------------------

A. General Description of the Partnership

ProFutures Long/Short Growth Fund, L.P. (the Partnership) is a
Delaware limited partnership which operates as a commodity investment
pool. The Partnership engages in the speculative trading of futures
and option contracts.

B. Regulation

As a registrant with the Securities and Exchange Commission, the
Partnership is subject to the regulatory requirements under the
Securities Act of 1933 and the Securities Exchange Act of 1934. As a
commodity investment pool, the Partnership is subject to the
regulations of the Commodity Futures Trading Commission, an agency of
the U.S. government which regulates most aspects of the commodity
futures industry; rules of the National Futures Association, an
industry self-regulatory organization; and the requirements of
commodity exchanges and Futures Commission Merchants (brokers) through
which the Partnership trades.

C. Method of Reporting

The Partnership's financial statements are presented in accordance
with accounting principles generally accepted in the United States of
America, which require the use of certain estimates made by the
Partnership's management. Transactions are accounted for on the trade
date. Gains or losses are realized when contracts are liquidated.
Unrealized gains or losses on open contracts (the difference between
contract trade price and quoted market price) are reflected in the
statement of financial condition as a net gain or loss, as there
exists a right of offset of unrealized gains or losses in accordance
with Financial Accounting Standards Board Interpretation No. 39 -
"Offsetting of Amounts Related to Certain Contracts." Any change in
net unrealized gain or loss from the preceding period is reported in
the statement of operations.

For purposes of both financial reporting and calculation of redemption
value, Net Asset Value Per Unit is calculated by dividing Net Asset
Value by the total number of units outstanding.

D. Brokerage Commissions

Brokerage commissions include other trading fees and are charged to
expense when contracts are opened.



PROFUTURES LONG/SHORT GROWTH FUND, L.P.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
(Unaudited)
-------------



Note 1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)
-----------

E. Income Taxes

The Partnership prepares calendar year U.S. and applicable state
information tax returns and reports to the partners their allocable
shares of the Partnership's income, expenses and trading gains or
losses.

F. Organizational Charge

The General Partner pays all organizational and offering costs of the
Partnership. As reimbursement for such costs, the General Partner (or
the Distributor, ProFutures Financial Group, Inc., a broker/dealer
affiliate of the General Partner) receives an organizational charge of
1% of the subscription amount of each subscriber to the Partnership.
There were no such organizational charges received by the General
Partner during the three months ended March 31, 2003 and 2002,
respectively.

G. Foreign Currency Transactions

The Partnership's functional currency is the U.S. dollar; however, it
transacts business in currencies other than the U.S. dollar. Assets
and liabilities denominated in currencies other than the U.S. dollar
are translated into U.S. dollars at the rates in effect at the date of
the statement of financial condition. Income and expense items
denominated in currencies other than the U.S. dollar are translated
into U.S. dollars at the rates in effect during the period. Gains and
losses resulting from the translation to U.S. dollars are reported in
income currently.

H. Statements of Cash Flows

The Partnership has elected not to provide statements of cash flows as
permitted by Statement of Financial Accounting Standards No. 102 -
"Statement of Cash Flows - Exemption of Certain Enterprises and
Classification of Cash Flows from Certain Securities Acquired for
Resale."

I. Interim Financial Statements

In the opinion of management, the unaudited interim financial
statements reflect all adjustments, which were of a normal and
recurring nature, necessary for a fair presentation of financial
position as of March 31, 2003, and the results of operations for the
three months ended March 31, 2003 and 2002.



PROFUTURES LONG/SHORT GROWTH FUND, L.P.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
(Unaudited)
-------------



Note 2. GENERAL PARTNER
---------------

The General Partner of the Partnership is ProFutures, Inc., which
conducts and manages the business of the Partnership. The Limited
Partnership Agreement requires the General Partner and/or its
principals and affiliates to maintain capital accounts equal to at
least 1% of the total capital of the Partnership. At March 31, 2003
and December 31, 2002, the capital accounts of the General Partner
and/or its principals and affiliates totaled $564,341 and $551,975.

The Limited Partnership Agreement was amended effective February 16,
1999 and generally requires that the General Partner maintain a net
worth of up to $1,000,000. ProFutures, Inc. has callable subscription
agreements with ABN AMRO Incorporated (ABN), the Partnership's broker,
whereby ABN has subscribed to purchase (up to $7,000,000 subject to
the conditions set forth in the subscription agreement as amended
effective May 20, 2002) the number of shares of common stock of
ProFutures, Inc. necessary to maintain the General Partner net worth
requirements.

The Partnership pays the General Partner a monthly management fee
equal to 1/6 of 1% (2% annually) of month-end Net Assets (as defined
in the Limited Partnership Agreement).

Total management fees earned by ProFutures, Inc. for the three months
ended March 31, 2003 and 2002 were $57,574 and $60,168, respectively.
Management fees payable to ProFutures, Inc. as of March 31, 2003 and
December 31, 2002 were $18,250 and $18,490, respectively.

Note 3. COMMODITY TRADING ADVISORS
--------------------------

The Partnership has trading advisory contracts with several trading
advisors to furnish investment management services to the Partnership.
Each advisor is paid a monthly management fee of 1/12 of 1% (1%
annually) of Allocated Net Asset Value (as defined in each respective
advisory agreement). In addition, each advisor receives a quarterly
incentive fee of 20% of Trading Profits (as defined).


Note 4. DEPOSITS WITH BROKER
--------------------

The Partnership deposits funds with ABN to act as broker, subject to
Commodity Futures Trading Commission regulations and various exchange
and broker requirements. The Partnership earns interest income on its
assets deposited with the broker.

At March 31, 2003 and December 31, 2002, the initial margin
requirement of $2,956,829 and $2,393,246, respectively, is satisfied
by the deposit of cash with such broker.


PROFUTURES LONG/SHORT GROWTH FUND, L.P.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
(Unaudited)
-------------



Note 5. SUBSCRIPTIONS, DISTRIBUTIONS AND REDEMPTIONS
--------------------------------------------

Investments in the Partnership were made by subscription agreement,
subject to acceptance by the General Partner. Effective November
2000, the Partnership is closed to new investment; however, the
General Partner may reopen the Partnership to new investments in the
future.

The Partnership is not required to make distributions, but may do so
at the sole discretion of the General Partner. A Limited Partner may
require the Partnership to redeem any or all of such Limited Partner's
units at Net Asset Value as of the close of business on the last day
of any month upon advance written notice to the General Partner. The
Limited Partnership Agreement contains a complete description of the
Partnership's redemption policies and procedures.

Note 6. TRADING ACTIVITIES AND RELATED RISKS
------------------------------------

The Partnership engages in the speculative trading of U.S. and foreign
futures contracts and options on futures contracts (collectively
"derivatives"). The Partnership is exposed to both market risk, the
risk arising from changes in the market value of the contracts, and
credit risk, the risk of failure by another party to perform according
to the terms of a contract.

Purchase and sale of futures and options on futures contracts requires
margin deposits with the broker. Additional deposits may be necessary
for any loss on contract value. The Commodity Exchange Act requires a
broker to segregate all customer transactions and assets from such
broker's proprietary activities. A customer's cash and other property
(for example, U.S. Treasury bills) deposited with a broker are
considered commingled with all other customer funds subject to the
broker's segregation requirements. In the event of a broker's
insolvency, recovery may be limited to a pro rata share of segregated
funds available. It is possible that the recovered amount could be
less than total cash and other property deposited.

Open contracts generally mature within three months, however, the
Partnership intends to close all contracts prior to maturity. At
March 31, 2003, the latest maturity date for open contracts is
June 2004, and at December 31, 2002, the latest maturity date for
open contracts is March 2004.

For derivatives, risks arise from changes in the market value of the
contracts. Theoretically, the Partnership is exposed to a market risk
equal to the notional contract value of futures contracts purchased
and unlimited liability on such contracts sold short. As both a buyer
and seller of options, the Partnership pays or receives a premium at
the outset and then bears the risk of unfavorable changes in the price
of the contract underlying the option. Written options expose the
Partnership to potentially unlimited liability, and purchased options
expose the Partnership to a risk of loss limited to the premiums paid.



PROFUTURES LONG/SHORT GROWTH FUND, L.P.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
(Unaudited)
-------------



Note 6. TRADING ACTIVITIES AND RELATED RISKS (CONTINUED)
------------------------------------------------

The Partnership has assets on deposit with a financial institution in
connection with its cash management activities. In the event of a
financial institution's insolvency, recovery of Partnership assets on
deposit may be limited to account insurance or other protection
afforded such deposits.

The General Partner has established procedures to actively monitor
market risk and minimize credit risk, although there can be no
assurance that it will, in fact, succeed in doing so. The General
Partner's basic market risk control procedures consist of continuously
monitoring the trading activity of the various trading advisors, with
the actual market risk controls being applied by the advisors
themselves. The General Partner seeks to minimize credit risk
primarily by depositing and maintaining the Partnership's assets at
financial institutions and brokers which the General Partner believes
to be creditworthy. The Limited Partners bear the risk of loss only
to the extent of the market value of their respective investments and,
in certain specific circumstances, distributions and redemptions
received.



PROFUTURES LONG/SHORT GROWTH FUND, L.P.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
(Unaudited)
-------------



Note 7. FINANCIAL HIGHLIGHTS
--------------------

The following information presents per unit operating performance data
and other supplemental financial data for the three months ended
March 31, 2003 and 2002. This information has been derived from
information presented in the financial statements.

Three months ended
March 31,
2003 2002
(Unaudited) (Unaudited)
----------- -----------

Per Unit Performance
(for a unit outstanding throughout the entire period)
-----------------------------------------------------

Net asset value per unit at
beginning of period $1,031.12 $ 920.18
--------- ---------

Income (loss) from operations:
Net investment (loss) (1), (3) (7.59) (21.58)
Net realized and change in unrealized
gain from trading (2), (3) 30.69 46.68
--------- ---------

Total income from operations 23.10 25.10
--------- ---------

Net asset value per unit at
end of period $1,054.22 $ 945.28
========= =========

Total Return (5) 2.24 % 2.73 %
======= =======

Supplemental Data

Ratios to average net asset value: (6)
Expenses prior to incentive fees (4) 3.91 % 4.16 %
Incentive fees 0.00 % 6.85 %
------- -------

Total expenses (1) 3.91 % 11.01 %
======= =======

Net investment (loss) (4) (2.82)% (2.42)%
======= =======


Total returns are calculated based on the change in value of a unit
during the period. An individual partner's total returns and ratios
may vary from the above total returns and ratios based on the timing
of redemptions.


--------------------
(1) Excludes brokerage commissions and other trading fees.
(2) Includes brokerage commissions and other trading fees.
(3) The net investment (loss) per unit is calculated by dividing the
net investment (loss) by the average number of units outstanding
during the period. The net realized and change in unrealized
gain from trading is a balancing amount necessary to reconcile
the change in net asset value per unit with the other per unit
information.
(4) Excludes brokerage commissions, other trading fees and incentive
fees.
(5) Not annualized.
(6) Annualized.



Item 2. Management's Discussion and Analysis of Financial Condition
and Results of Operations.

A. LIQUIDITY: Substantially all of the Partnership's assets are
highly liquid, such as cash and open futures and option contracts.
It is possible that extreme market conditions or daily price
fluctuation limits at exchanges could adversely affect the liquidity
of open futures contracts. There are no restrictions on the
liquidity of these assets except for amounts on deposit with the
broker needed to meet margin requirements on open futures contracts.

B. CAPITAL RESOURCES: Since the Partnership's business is the purchase
and sale of various commodity interests, it will make few, if any,
capital expenditures.

The Partnership raises additional capital only through the sale of
Units and trading profits (if any) and does not engage in borrowing.
The Partnership sells no securities other than the Units. Effective
November 2000, the Partnership is closed to new investment; however,
the General Partner may reopen the Partnership to new investments in
the future.

C. RESULTS OF OPERATIONS: The Partnership's net income for the three
months ended March 31, 2003 and 2002 consisted of the following:

2003 2002
---- ----

Three months ended March 31 $ 264,882 $ 326,773
========== ==========


At March 31, 2003, partners' capital totaled $10,903,486, a net
decrease of $133,537 from December 31, 2002, due to redemptions
of limited partner units exceeding net income for the three months
ended March 31, 2003.

At March 31, 2002, partners' capital totaled $11,498,469, a net
decrease of $440,203 from December 31, 2001, due to redemptions of
limited partner units exceeding first quarter net income.

First Quarter 2003
------------------

The futures markets were volatile in the first quarter of 2003. The
looming war with Iraq caused energy prices to skyrocket. Many other
markets were choppy due to this uncertainty. Consumer confidence
dropped dramatically. The traders were able to capitalize on the
volatility in the markets.

In January 2003, the Partnership had a gain of 7.02%. There were very
large gains in the energy, foreign currencies, stock indexes, precious
and base metals, and certain agricultural commodities. The losses
were primarily limited to grains and short-term interest rates.

In February 2003, the Partnership had a gain of .45%. There were
large gains in energy, with smaller gains in currencies and interest
rates. These gains were primarily offset by losses in stock indexes
and metals.

In March 2003, the Partnership had a loss of 4.90%. There were some
small gains in stock indexes and short-term interest rates. However,
the losses in other sectors, especially energy, were far greater.

Overall, the Partnership had a total return of 2.24% for the quarter.
The majority of the Partnership's trading gains were in energy and
foreign currencies and the largest loss was in metal futures.

First Quarter 2002
------------------

The futures markets remained choppy in the first quarter of 2002.
While the economy was showing some signs of improvement, there were
also some negative signs that caused uncertainty. The troubles in
the Middle East lead to large increases in oil and gas prices. Gold
prices also moved higher early in the quarter, but gave back some of
their gains at the end of the quarter.

In January 2002, the Partnership gained a modest 0.99%. There were
large gains in stock index, along with some smaller gains in energy
and foreign currencies. These were mostly offset by losses in
interest rates, agricultural commodities and precious metals.

In February 2002, there was another gain of 4.34%. This resulted
from gains in stock index, once again. There were also gains in
interest rates and agricultural commodities. There were some
losses incurred in energy and foreign currencies.

In March 2002, the Partnership incurred a loss of 2.51%. Again there
were profits in the stock indexes. These however were offset by
losses in foreign currencies, interest rates and agricultural
commodities. Coffee and Eurodollar futures incurred the largest
losses.

For the first quarter 2002, the majority of the Partnership's gains
came from profits in options on S&P 500 Index futures. The largest
loss for the quarter was from coffee.

Market and Credit Risk
----------------------

The General Partner has established procedures to actively monitor
market risk and minimize credit risk, although there can be no
assurance that it will, in fact, succeed in doing so. The General
Partner's basic market risk control procedures consist of continuously
monitoring the trading activity of the various advisors with the
actual market risk controls being applied by the advisors themselves.
The General Partner seeks to minimize credit risk primarily by
depositing and maintaining the Partnership's assets at financial
institutions and brokers which the General Partner believes to be
creditworthy.

Due to the speculative nature of trading derivatives, the
Partnership's income or loss from operations may vary widely from
period to period. Management cannot predict whether the Partnership's
future Net Asset Value per Unit will increase or experience a decline.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

D. POSSIBLE CHANGES: The General Partner reserves the right to
terminate certain and/or engage additional trading advisors or
change any of the Partnership's clearing arrangements.



Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not Applicable.


Item 4. Controls and Procedures

ProFutures, Inc. as general partner of ProFutures Long/Short Growth Fund, L.P.,
with the participation of the general partner's President and Chief Financial
Officer, has evaluated the effectiveness of the design and operation of its
disclosure controls and procedures with respect to the Partnership within 90
days of the filing date of this quarterly report, and, based on their
evaluation, have concluded that these disclosure controls and procedures are
effective. There were no significant changes in the general partner's internal
controls with respect to the Partnership or in other factors applicable to the
Partnership that could significantly affect these controls subsequent to the
date of their evaluation.


PART II - OTHER INFORMATION


Item 1. Legal Proceedings.

None.

Item 2. Changes in Securities.

None.

Item 3. Defaults Upon Senior Securities.

Not Applicable.

Item 4. Submission of Matters to a Vote of Security Holders.

None.

Item 5. Other Information.

None.

Item 6. Exhibits and Reports on Form 8-K.

There were no reports filed on Form 8-K.

Exhibits filed herewith:

99.1 Form of Certification Pursuant to Section 1350 of Chapter 63
of Title 18 of the United States Code.

99.2 Form of Certification Pursuant to Section 1350 of Chapter 63
of Title 18 of the United States Code.



CERTIFICATIONS
- --------------



I, Gary D. Halbert, certify that:

1. I have reviewed this quarterly report on Form 10-Q of ProFutures
Long/Short Growth Fund, L.P.;

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

a) designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this quarterly report is being prepared;

b) evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

c) presented in this quarterly report our conclusions about the effectiveness
of the disclosure controls and procedures based on our evaluation as of the
Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):

a) all significant deficiencies in the design or operation of internal controls
which could adversely affect the registrant's ability to record, process,
summarize and report financial data and have identified for the registrant's
auditors any material weaknesses in internal controls; and

b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls;
and

6. The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.



Date: May 12, 2003
----------------------------------



/s/ Gary D. Halbert
- -----------------------------------------
Gary D. Halbert, President
ProFutures, Inc., General Partner




I, Debi B. Halbert, certify that:

1. I have reviewed this quarterly report on Form 10-Q of ProFutures
Long/Short Growth Fund, L.P.;

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

a) designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this quarterly report is being prepared;

b) evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

c) presented in this quarterly report our conclusions about the effectiveness
of the disclosure controls and procedures based on our evaluation as of the
Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):

a) all significant deficiencies in the design or operation of internal controls
which could adversely affect the registrant's ability to record, process,
summarize and report financial data and have identified for the registrant's
auditors any material weaknesses in internal controls; and

b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls;
and

6. The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.



Date: May 12, 2003
----------------------------------


/s/ Debi B. Halbert
- -----------------------------------------
Debi B. Halbert, Chief Financial Officer
ProFutures, Inc., General Partner



SIGNATURE


Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Partnership has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.


PROFUTURES LONG/SHORT GROWTH FUND, L.P.
(Registrant)



By /s/ Gary D. Halbert
-------------------------------------
Gary D. Halbert, President
ProFutures, Inc., General Partner



EXHIBIT 99.1


CERTIFICATION PURSUANT TO SECTION 1350 OF
CHAPTER 63 OF TITLE 18 OF THE UNITED STATES CODE
------------------------------------------------


I, Gary D. Halbert, the President of ProFutures, Inc. as general partner of
ProFutures Long/Short Growth Fund, L.P., certify that (i) the Form 10-Q for the
quarter ended March 31, 2003 of ProFutures Long/Short Growth Fund, L.P.
fully complies with the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934 and (ii) the information contained in the Form
10-Q for the quarter ended March 31, 2003 fairly presents, in all material
respects, the financial condition and results of operations of ProFutures
Long/Short Growth Fund, L.P.

PROFUTURES LONG/SHORT GROWTH FUND, L.P.
By: ProFutures, Inc., General Partner



By: /s/ Gary D. Halbert
----------------------------------
Gary D. Halbert
President
May 12, 2003



EXHIBIT 99.2


CERTIFICATION PURSUANT TO SECTION 1350 OF
CHAPTER 63 OF TITLE 18 OF THE UNITED STATES CODE
------------------------------------------------


I, Debi B. Halbert, the Chief Financial Officer of ProFutures, Inc. as general
partner of ProFutures Long/Short Growth Fund, L.P., certify that (i) the Form
10-Q for the quarter ended March 31, 2003 of ProFutures Long/Short Growth
Fund, L.P. fully complies with the requirements of Section 13(a) or 15(d) of
the Securities Exchange Act of 1934 and (ii) the information contained in the
Form 10-Q for the quarter ended March 31, 2003 fairly presents, in all
material respects, the financial condition and results of operations of
ProFutures Long/Short Growth Fund, L.P.

PROFUTURES LONG/SHORT GROWTH FUND, L.P.
By: ProFutures, Inc., General Partner



By: /s/ Debi B. Halbert
----------------------------------
Debi B. Halbert
Chief Financial Officer
May 12, 2003