-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MhEQ85yUVtCEtm4Qz/29i7kPc7lfuEECOBxAczCwl0kKGBAV4kYS2o96vsKhzkaf
 ABhRBbFo1bQhVM/r3BUbzw==

<SEC-DOCUMENT>0000942359-09-000005.txt : 20090814
<SEC-HEADER>0000942359-09-000005.hdr.sgml : 20090814
<ACCEPTANCE-DATETIME>20090814142640
ACCESSION NUMBER:		0000942359-09-000005
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(7)
FILED AS OF DATE:		20090814
DATE AS OF CHANGE:		20090814
EFFECTIVENESS DATE:		20090814

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INVESTABLE EMERGING MARKETS COUNTRY FUND
		CENTRAL INDEX KEY:			0001019369
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-133677
		FILM NUMBER:		091014690

	BUSINESS ADDRESS:	
		STREET 1:		4005 KENNETT PIKE
		STREET 2:		SUITE 250
		CITY:			GREENVILLE
		STATE:			DE
		ZIP:			19807
		BUSINESS PHONE:		4417171107

	MAIL ADDRESS:	
		STREET 1:		4005 KENNETT PIKE
		STREET 2:		SUITE 250
		CITY:			GREENVILLE
		STATE:			DE
		ZIP:			19807
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0502</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001019369</cik>
        <entityName>INVESTABLE EMERGING MARKETS COUNTRY FUND</entityName>
        <issuerAddress>
            <street1>4005 KENNETT PIKE</street1>
            <street2>SUITE 250</street2>
            <city>GREENVILLE</city>
            <stateOrCountry>DE</stateOrCountry>
            <zipCode>19807</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>610-380-2110</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <entityType>Business Trust</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>INVESTMENT MANAGER</firstName>
                <middleName></middleName>
                <lastName>CITY OF LONDON INVESTMENT MANAGEMENT COMPANY LIMITED</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>77 GRACECHURCH STREET</street1>
                <street2></street2>
                <city>LONDON</city>
                <stateOrCountry>X0</stateOrCountry>
                <zipCode>EC3V 0AS</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>INVESTMENT MANAGER OF ISSUER</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2006-11-30</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>NORTH BRIDGE CAPITAL LLC</recipientName>
                <recipientCRDNumber>107320</recipientCRDNumber>
                <associatedBDName>RICHARD ALLEN MURPHY</associatedBDName>
                <associatedBDCRDNumber>343386</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>45 SCHOOL STREET</street1>
                    <street2></street2>
                    <city>BOSTON</city>
                    <stateOrCountry>MA</stateOrCountry>
                    <zipCode>02108</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>MA</state>
                    <state>NY</state>
                    <state>OH</state>
                    <state>PA</state>
                    <state>VT</state>
                    <state>VA</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>350660900</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>THE OFFERING IS AN ONGOING OFFERING, WITHOUT A CAP, AND IS THEREFORE OF AN INDEFINITE AMOUNT.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>53</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>1060000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>INSTITUTIONAL SALES MAY BE MADE IN STATES WHERE THE BROKER-DEALER IS NOT REGISTERED.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>THE INVESTMENT MNAGER IS ENTITLED TO A PERIODIC FEE FOR ITS INVESTEMENT MANAGEMENT SERVICES IN ACCORDANCE WITH THE ORGANIZATIONAL DOCUMENTS OF THE ISSUER.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>INVESTABLE EMERGING MARKETS COUNTRY FUND</issuerName>
                <signatureName>CARLOS YUSTE</signatureName>
                <nameOfSigner>CARLOS YUSTE</nameOfSigner>
                <signatureTitle>AUTHORIZED SIGNATORY</signatureTitle>
                <signatureDate>2009-08-14</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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