FORM 1D

VISION L.P.

ACKNOWLEDGEMENT LETTER

VISION L.P.

One Whitehall Street

15th Floor

New York,New York 10004

Ladies and Gentlemen:

I have carefully examined the provisions of the document by which 1 have given trading authority to control my account to:

______________________ _____________________________

Name of Account Controller Address

_____________________________

City, State, Zip

and understand fully the authority the above individual or organization has over my account.

If the account controller is a registered independent commodity trading advisor, Customer represents that he has received a copy of, read, and understood the Risk Disclosure Statement required in CFTC Rule 1.55(c) and the Disclosure Document of the independent commodity trading advisor. If the account controller is not registered, Customer represents that he has been advised in writing by the account controller that the account controller is exempt from registration, and that the account controller is not required to provide a Disclosure Document to Customer. I understand that VISION is in no way responsible for any loss to me by the accounts of the individual or organization named above and that VISION does not, by implication or otherwise, endorse the operating methods of such individual or organization. I further understand that the self-regulatory organizations may not have jurisdiction over the individual or organization named above, and that if I give such individual authority to exercise rights over my account I do so at my own risk. Customer agrees the selection of the account controller is solely and exclusively the responsibility of Customer even if VISION introduced and recommended the CTA.

Very truly yours,

 ______________________________

Signature of Customer

____________________________

Date

Rev. April, 1995