-----BEGIN PRIVACY-ENHANCED MESSAGE-----
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,
 NtG4CBIXZO6Lg0PtRKKGgX8qA5bcwhiDbhicheBpmxiAEoFX9QNbde6Wqf+hf/uu
 lSdvSFmg4PlM47q6pp3sDA==

<SEC-DOCUMENT>0001158649-09-000049.txt : 20090615
<SEC-HEADER>0001158649-09-000049.hdr.sgml : 20090615
<ACCEPTANCE-DATETIME>20090615134918
ACCESSION NUMBER:		0001158649-09-000049
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090615
DATE AS OF CHANGE:		20090615
EFFECTIVENESS DATE:		20090615

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADAMS STREET TRUST
		CENTRAL INDEX KEY:			0001179241
		IRS NUMBER:				756659753
		STATE OF INCORPORATION:			NY

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-49242
		FILM NUMBER:		09891623

	BUSINESS ADDRESS:	
		STREET 1:		C/O ADAMS STREET PARTNERS LLC
		STREET 2:		UBS TOWER, ONE WACKER DR. #2200
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606-2807
		BUSINESS PHONE:		3125538489

	MAIL ADDRESS:	
		STREET 1:		C/O ADAMS STREET PARTNERS LLC
		STREET 2:		UBS TOWER, ONE WACKER DR. #2200
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606-2807
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0401</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001179241</cik>
        <entityName>ADAMS STREET TRUST</entityName>
        <issuerAddress>
            <street1>C/O ADAMS STREET PARTNERS LLC</street1>
            <street2>ONE NORTH WACKER DR. #2200</street2>
            <city>CHICAGO</city>
            <stateOrCountry>IL</stateOrCountry>
            <zipCode>60606-2823</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>3125537890</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>NEW YORK</jurisdictionOfInc>
        <entityType>Other</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Redding</firstName>
                <middleName></middleName>
                <lastName>Valencia</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Adams Street Partners, LLC</street1>
                <street2>One North Wacker Drive, Suite 2200</street2>
                <city>Chicago</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60606-2823</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Adams Street Partners, LLC is the Administrative Agent</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Taylor</firstName>
                <middleName>Bondurant</middleName>
                <lastName>French</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Adams Street Partners, LLC</street1>
                <street2>One North Wacker Drive, Suite 2200</street2>
                <city>Chicago</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60606-2823</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Wilber</firstName>
                <middleName>Henry</middleName>
                <lastName>Gantz</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Adams Street Partners, LLC</street1>
                <street2>One North Wacker Drive, Suite 2200</street2>
                <city>Chicago</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60606-2823</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Alva</firstName>
                <middleName>Bart</middleName>
                <lastName>Holaday</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Adams Street Partners, LLC</street1>
                <street2>One North Wacker Drive, Suite 2200</street2>
                <city>Chicago</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60606-2823</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <middleName>Wells</middleName>
                <lastName>Puth</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Adams Street Partners, LLC</street1>
                <street2>One North Wacker Drive, Suite 2200</street2>
                <city>Chicago</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60606-2823</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kevin</firstName>
                <middleName>Thomas</middleName>
                <lastName>Callahan</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Adams Street Partners, LLC</street1>
                <street2>One North Wacker Drive, Suite 2200</street2>
                <city>Chicago</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60606-2823</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <middleName>Gary</middleName>
                <lastName>Fencik</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Adams Street Partners, LLC</street1>
                <street2>One North Wacker Drive, Suite 2200</street2>
                <city>Chicago</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60606-2823</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Elisha</firstName>
                <middleName>Perkins</middleName>
                <lastName>Gould III</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Adams Street Partners, LLC</street1>
                <street2>One North Wacker Drive, Suite 2200</street2>
                <city>Chicago</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60606-2823</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <middleName>John</middleName>
                <lastName>Jacobs</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Adams Street Partners, LLC</street1>
                <street2>One North Wacker Drive, Suite 2200</street2>
                <city>Chicago</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60606-2823</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Quintin</firstName>
                <middleName>Ian</middleName>
                <lastName>Kevin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Adams Street Partners, LLC</street1>
                <street2>One North Wacker Drive, Suite 2200</street2>
                <city>Chicago</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60606-2823</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Eric</firstName>
                <middleName>Reed</middleName>
                <lastName>Mansell</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Adams Street Partners, LLC</street1>
                <street2>One North Wacker Drive, Suite 2200</street2>
                <city>Chicago</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60606-2823</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Joan</firstName>
                <middleName>Workman</middleName>
                <lastName>Newman</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Adams Street Partners, LLC</street1>
                <street2>One North Wacker Drive, Suite 2200</street2>
                <city>Chicago</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60606-2823</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>John</middleName>
                <lastName>Hupp</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Adams Street Partners, LLC</street1>
                <street2>One North Wacker Drive, Suite 2200</street2>
                <city>Chicago</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60606-2823</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>true</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>$5,000,001 - $25,000,000</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-05-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Redeemable Trust Units</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>25000000</totalOfferingAmount>
            <totalAmountSold>25000000</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>5</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>ADAMS STREET TRUST</issuerName>
                <signatureName>Kevin T. Callahan</signatureName>
                <nameOfSigner>Kevin T. Callahan</nameOfSigner>
                <signatureTitle>Vice President</signatureTitle>
                <signatureDate>2009-04-30</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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