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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 TXVZhcn8JS0Yo7QsoZkR4A==

<SEC-DOCUMENT>0001212627-09-000003.txt : 20090406
<SEC-HEADER>0001212627-09-000003.hdr.sgml : 20090406
<ACCEPTANCE-DATETIME>20090406160611
ACCESSION NUMBER:		0001212627-09-000003
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)(7)
FILED AS OF DATE:		20090406
DATE AS OF CHANGE:		20090406
EFFECTIVENESS DATE:		20090406

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RED RIVER HYPI LP
		CENTRAL INDEX KEY:			0001212627
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-51336
		FILM NUMBER:		09735061

	BUSINESS ADDRESS:	
		STREET 1:		840 NEWPORT CENTER DRIVE
		STREET 2:		SUITE 100
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660
		BUSINESS PHONE:		949.720.6000

	MAIL ADDRESS:	
		STREET 1:		840 NEWPORT CENTER DRIVE
		STREET 2:		SUITE 100
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660
</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>0001212627</cik>
        <entityName>RED RIVER HYPI LP</entityName>
        <issuerAddress>
            <street1>840 NEWPORT CENTER DRIVE</street1>
            <street2>SUITE 100</street2>
            <city>NEWPORT BEACH</city>
            <stateOrCountry>CA</stateOrCountry>
            <zipCode>92660</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>949.720.6000</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DE</jurisdictionOfInc>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <middleName>N/A</middleName>
                <lastName>Pacific Investment Management Company LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Investment Manager of the Issuer (&quot;Investment Manager&quot;)</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <middleName>N/A</middleName>
                <lastName>StocksPLUS Management Inc.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>General Partner of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Erik</firstName>
                <middleName>C.</middleName>
                <lastName>Brown</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Sabrina</firstName>
                <middleName>C.</middleName>
                <lastName>Callin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>H.</middleName>
                <lastName>Gross</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <middleName>P.</middleName>
                <lastName>Hardaway</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Brent</firstName>
                <middleName>R.</middleName>
                <lastName>Harris</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Arthur</firstName>
                <middleName>J.</middleName>
                <lastName>Hastings</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Steven</firstName>
                <middleName>L.</middleName>
                <lastName>Jones</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <middleName>F.</middleName>
                <lastName>Muzzy</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Ernest</firstName>
                <middleName>L.</middleName>
                <lastName>Schmider</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Donald</firstName>
                <middleName>W.</middleName>
                <lastName>Suskind</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Trent</firstName>
                <middleName>W.</middleName>
                <lastName>Walker</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>840 Newport Center Drive, Suite 100</street1>
                <street2></street2>
                <city>Newport Beach</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92660</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the General Partner</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.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-03-000202</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2002-12-16</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>25000000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>1301553000</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>This is a continuous offering.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>2</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>RED RIVER HYPI LP</issuerName>
                <signatureName>/s/ John P. Hardaway</signatureName>
                <nameOfSigner>John P. Hardaway</nameOfSigner>
                <signatureTitle>Authorized Person of the General Partner</signatureTitle>
                <signatureDate>2009-04-02</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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