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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001201740-09-000005.txt : 20090317
<SEC-HEADER>0001201740-09-000005.hdr.sgml : 20090317
<ACCEPTANCE-DATETIME>20090317124857
ACCESSION NUMBER:		0001201740-09-000005
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(1)
FILED AS OF DATE:		20090317
DATE AS OF CHANGE:		20090317
EFFECTIVENESS DATE:		20090317

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BAILARD LONG/SHORT ACCREDITED INVESTOR FUND LP
		CENTRAL INDEX KEY:			0001201740
		IRS NUMBER:				470888285
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-49758
		FILM NUMBER:		09687145

	BUSINESS ADDRESS:	
		STREET 1:		950 TOWER LANE
		STREET 2:		SUITE 1900
		CITY:			FOSTER CITY
		STATE:			CA
		ZIP:			94404
		BUSINESS PHONE:		650-571-5800

	MAIL ADDRESS:	
		STREET 1:		950 TOWER LANE
		STREET 2:		SUITE 1900
		CITY:			FOSTER CITY
		STATE:			CA
		ZIP:			94404

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BAILARD BIEHL & KAISER TEHACHAPI ACCREDITED INVESTOR FUND LP
		DATE OF NAME CHANGE:	20021028
</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>0001201740</cik>
        <entityName>BAILARD LONG/SHORT ACCREDITED INVESTOR FUND LP</entityName>
        <issuerAddress>
            <street1>950 TOWER LANE</street1>
            <street2>SUITE 1900</street2>
            <city>FOSTER CITY</city>
            <stateOrCountry>CA</stateOrCountry>
            <zipCode>94404</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>650-571-5800</issuerPhoneNumber>
        <issuerPreviousNameList>
            <previousName>BAILARD BIEHL &amp; KAISER TEHACHAPI ACCREDITED INVESTOR FUND LP</previousName>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DE</jurisdictionOfInc>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Bailard General</firstName>
                <middleName></middleName>
                <lastName>Partners, Inc.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O Bailard, Inc.</street1>
                <street2>950 Tower Lane, Suite 1900</street2>
                <city>Foster City</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94404</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Thomas</firstName>
                <middleName>E.</middleName>
                <lastName>Bailard</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Bailard, Inc.</street1>
                <street2>950 Tower Lane, Suite 1900</street2>
                <city>Foster City</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94404</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of Corporate General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Peter</firstName>
                <middleName>M.</middleName>
                <lastName>Hill</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Bailard, Inc.</street1>
                <street2>950 Tower Lane, Suite 1900</street2>
                <city>Foster City</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94404</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of Corporate General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Burnice</firstName>
                <middleName>E.</middleName>
                <lastName>Sparks</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Bailard, Inc.</street1>
                <street2>950 Tower Lane, Suite 1900</street2>
                <city>Foster City</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94404</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of Corporate General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Barbara</firstName>
                <middleName>V.</middleName>
                <lastName>Bailey</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Bailard, Inc.</street1>
                <street2>950 Tower Lane, Suite 1900</street2>
                <city>Foster City</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94404</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of Corporate General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Bailard,</firstName>
                <middleName></middleName>
                <lastName>Inc.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>950 Tower Lane, Suite 1900</street1>
                <street2></street2>
                <city>Foster City</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94404</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Bailard, Inc. helped found/organize the Fund.</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.1</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0000935457-09-000006</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2002-10-03</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>40000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>21562500</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>The offering is an ongoing offering, without a cap, and is therefore of an &quot;indefinite&quot; amount. &quot;Total amount sold&quot; is based on initial amounts contributed and does not reflect redemptions, appreciation or depreciation.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>69</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>Bailard, Inc. is entitled to a periodic fee for its investmentmanagement services in accordance with theorganizational documents of the Issuer. The GP is entitled to a performance allocation in accordance with the
organizational documents of the issuer.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>BAILARD LONG/SHORT ACCREDITED INVESTOR FUND LP</issuerName>
                <signatureName>Barbara Bailey</signatureName>
                <nameOfSigner>Barbara V. Bailey</nameOfSigner>
                <signatureTitle>Treasurer and Secretary</signatureTitle>
                <signatureDate>2009-03-17</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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