MORGAN STANLEY DEAN WITTER SPECTRUM CURRENCY LP
AMENDMENT TO MANAGEMENT AGREEMENT
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>0003.txt
<DESCRIPTION>AMENDMENT TO MANAGEMENT AGREEMENT
<TEXT>




                                                                    EXHIBIT 10.2

                                    AMENDMENT

                                        TO

                              MANAGEMENT AGREEMENT

        WHEREAS,  DEMETER MANAGEMENT  CORPORATION,  a Delaware  corporation (the
"General  Partner") on behalf of MORGAN  STANLEY DEAN WITTER  SPECTRUM  CURRENCY
L.P., a Delaware limited  partnership (the  "Partnership"),  and SUNRISE CAPITAL
PARTNERS,  LLC, a California limited liability company (the "Trading  Advisor"),
have agreed to amend the  Management  Agreement,  dated as of March 6, 2000 (the
"Management  Agreement"),  among the Partnership,  the General Partner,  and the
Trading  Advisor,  to change the management fee and the incentive fee payable to
the Trading Advisor.

        WHEREAS,  all provisions contained in the Management Agreement remain in
full force and effect and are modified  only to the extent  necessary to provide
for the amendment set forth below.

        NOW, THEREFORE, the parties hereto hereby amend the Management Agreement
as follows:

        1. The  monthly  management  fee rate of 1/12 of 3% (a 3%  annual  rate)
referred to in Section 6(a)(i) of the Management  Agreement is hereby changed to
1/12 of 2% (a 2% annual rate).

        2. The monthly  incentive  fee  percentage of 15% referred to in Section
6(a)(ii) of the Management Agreement is hereby changed to 20%.

        3. The foregoing changes shall take effect as of December 1, 2000.



<PAGE>


        IN WITNESS WHEREOF,  this Amendment to the Management Agreement has been
executed  for and on behalf of the  undersigned  as of the 30th day of November,
2000.

                                          MORGAN STANLEY DEAN WITTER SPECTRUM
                                          CURRENCY L.P.

                                          By:   Demeter Management Corporation,
                                                General Partner


                                          By:   /s/Robert E. Murray
                                             -----------------------------------
                                                Name:  Robert E. Murray
                                                Title:  President



                                          DEMETER MANAGEMENT CORPORATION


                                          By:   /s/Robert E. Murray
                                             -----------------------------------
                                                Name:  Robert E. Murray
                                                Title:  President



                                          SUNRISE CAPITAL PARTNERS, LLC


                                          By:   /s/Martin P. Klitzner
                                             -----------------------------------
                                                Name:  Martin P. Klitzner
                                                Title:  President




</TEXT>
</DOCUMENT>
