-----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,
 SpOc6NX98CNWUXUGt77FeAoujleBUJKXknNGMCSOywbzTabmDPs9bp95HlDVbTBE
 6MyCZKAbT3Lyg0mOMumR9A==

<SEC-DOCUMENT>0001263788-09-000004.txt : 20090311
<SEC-HEADER>0001263788-09-000004.hdr.sgml : 20090311
<ACCEPTANCE-DATETIME>20090311135408
ACCESSION NUMBER:		0001263788-09-000004
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090311
DATE AS OF CHANGE:		20090311
EFFECTIVENESS DATE:		20090311

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VS ASSET FUND LP
		CENTRAL INDEX KEY:			0001263788
		IRS NUMBER:				352209667
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-58602
		FILM NUMBER:		09672006

	BUSINESS ADDRESS:	
		STREET 1:		551 EAST PUTNAM AVENUE
		CITY:			COS COB
		STATE:			CT
		ZIP:			06807
		BUSINESS PHONE:		2036254544

	MAIL ADDRESS:	
		STREET 1:		551 EAST PUTNAM AVENUE
		CITY:			COS COB
		STATE:			CT
		ZIP:			06807
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0201</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001263788</cik>
        <entityName>VS ASSET FUND LP</entityName>
        <issuerAddress>
            <street1>551 EAST PUTNAM AVENUE</street1>
            <street2></street2>
            <city>COS COB</city>
            <stateOrCountry>CT</stateOrCountry>
            <zipCode>06807</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>2036254544</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DE</jurisdictionOfInc>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Samir</firstName>
                <middleName></middleName>
                <lastName>Varm</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>551 East Putnam Avenue</street1>
                <street2></street2>
                <city>Cos Cob</city>
                <stateOrCountry>CT</stateOrCountry>
                <zipCode>06807</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>$1 - $5,000,000</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-03-035486</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2003-07-16</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isDebtType>true</isDebtType>
            <isOptionToAcquireType>true</isOptionToAcquireType>
            <isSecurityToBeAcquiredType>true</isSecurityToBeAcquiredType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>25000000</totalOfferingAmount>
            <totalAmountSold>1290000</totalAmountSold>
            <totalRemaining>23710000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>10</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>true</authorizedRepresentative>
            <signature>
                <issuerName>VS ASSET FUND LP</issuerName>
                <signatureName>Samir Varma</signatureName>
                <nameOfSigner>Samir Varma</nameOfSigner>
                <signatureTitle>Managing Member of the General Partner</signatureTitle>
                <signatureDate>2009-03-11</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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