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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 I9RqOvkqvAifEWSjyU0maEfwyIZBnqMPl1fri/WLUhb8+qhTgeRodChhVBCrGtpD
 KD61v3v1xw6+aceRNMni0g==

<SEC-DOCUMENT>0001006455-09-000002.txt : 20090318
<SEC-HEADER>0001006455-09-000002.hdr.sgml : 20090318
<ACCEPTANCE-DATETIME>20090318125242
ACCESSION NUMBER:		0001006455-09-000002
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090318
DATE AS OF CHANGE:		20090318
EFFECTIVENESS DATE:		20090318

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Nantucket Fund L P
		CENTRAL INDEX KEY:			0001006455
		IRS NUMBER:				383267653
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-72111
		FILM NUMBER:		09690363

	BUSINESS ADDRESS:	
		STREET 1:		40950 WOODWARD
		STREET 2:		SUITE 307
		CITY:			BLOOMFIELD HILLS
		STATE:			MI
		ZIP:			48304
		BUSINESS PHONE:		248-723-9286

	MAIL ADDRESS:	
		STREET 1:		40950 WOODWARD
		STREET 2:		SUITE 307
		CITY:			BLOOMFIELD HILLS
		STATE:			MI
		ZIP:			48304

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	METAMORA FUND LP
		DATE OF NAME CHANGE:	19960129
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0301</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001006455</cik>
        <entityName>Nantucket Fund L P</entityName>
        <issuerAddress>
            <street1>40950 WOODWARD</street1>
            <street2>SUITE 307</street2>
            <city>BLOOMFIELD HILLS</city>
            <stateOrCountry>MI</stateOrCountry>
            <zipCode>48304</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>248-723-9286</issuerPhoneNumber>
        <issuerPreviousNameList>
            <previousName>METAMORA FUND LP</previousName>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DE</jurisdictionOfInc>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Nantucket</firstName>
                <middleName></middleName>
                <lastName>Nantucket Multi Managers, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>40950 Woodward</street1>
                <street2>Suite 307</street2>
                <city>Bloomfield Hills</city>
                <stateOrCountry>MI</stateOrCountry>
                <zipCode>48304</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Nantucket Multi Managers, LLC is the General Partner of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>KM</middleName>
                <lastName>Goldsmith</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>40950 Woodward</street1>
                <street2>Suite 307</street2>
                <city>Bloomfield Hills</city>
                <stateOrCountry>MI</stateOrCountry>
                <zipCode>48304</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>William K M Goldsmith is the Manager of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Andrew</firstName>
                <middleName>C</middleName>
                <lastName>Hopper</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>40950 Woodward</street1>
                <street2>Suite 307</street2>
                <city>Bloomfield Hills</city>
                <stateOrCountry>MI</stateOrCountry>
                <zipCode>48304</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Andrew C Hopper is the Managing Director of the General Partner</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Over $100,000,000</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-96-010558</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>1996-01-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>1000000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Securities America Inc.</recipientName>
                <recipientCRDNumber>10205</recipientCRDNumber>
                <associatedBDName>Securities America Inc.</associatedBDName>
                <associatedBDCRDNumber>10205</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>7100 West Center Road</street1>
                    <street2>Suite 500</street2>
                    <city>Omaha</city>
                    <stateOrCountry>NE</stateOrCountry>
                    <zipCode>68106</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>The Private Bank</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>The Private Bank</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>38505 Woodward Avenue</street1>
                    <street2>Suite 1300</street2>
                    <city>Bloomfield Hills</city>
                    <stateOrCountry>MI</stateOrCountry>
                    <zipCode>48304</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>The Enterprise Securities Company</recipientName>
                <recipientCRDNumber>36598</recipientCRDNumber>
                <associatedBDName>The Enterprise Securities Company</associatedBDName>
                <associatedBDCRDNumber>36598</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>30301 Northwestern Hwy</street1>
                    <street2>Suite 200</street2>
                    <city>Farmington Hills</city>
                    <stateOrCountry>MI</stateOrCountry>
                    <zipCode>48334</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AL</state>
                    <state>AZ</state>
                    <state>CA</state>
                    <state>FL</state>
                    <state>GA</state>
                    <state>IL</state>
                    <state>MD</state>
                    <state>MI</state>
                    <state>NC</state>
                    <state>OH</state>
                    <state>VA</state>
                    <state>WV</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>First Heartland</recipientName>
                <recipientCRDNumber>32460</recipientCRDNumber>
                <associatedBDName>First Heartland</associatedBDName>
                <associatedBDCRDNumber>32460</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1839 Lake Saint Louis Blvd</street1>
                    <street2></street2>
                    <city>Lake Saint Louis</city>
                    <stateOrCountry>MO</stateOrCountry>
                    <zipCode>63367</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>1000000000</totalOfferingAmount>
            <totalAmountSold>156432663</totalAmountSold>
            <totalRemaining>843567337</totalRemaining>
            <clarificationOfResponse>Total Amount Sold is Issuer's estimated assets under management at 12/31/2008.  Issuer is the master fund, and it includes the feeder fund's investments which are Nantucket Levered, LLC and Nantucket Instl Fund (Cayman) SPC.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>115</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>133612</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>General Partner of the Issuer shares in its management fees with selling party.  $ noted in Sales Commissions represent full year 2008 fees paid/shared to all selling parties collectively.  Fee sharing has no negative impact to investment performaqnce.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Nantucket Fund L P</issuerName>
                <signatureName>Andrew C. Hopper</signatureName>
                <nameOfSigner>Andrew C. Hopper</nameOfSigner>
                <signatureTitle>Managing Director</signatureTitle>
                <signatureDate>2009-03-18</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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