-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 oNGq/S2UV6i54Mp11MhzSg==

<SEC-DOCUMENT>0001375515-10-000003.txt : 20100326
<SEC-HEADER>0001375515-10-000003.hdr.sgml : 20100326
<ACCEPTANCE-DATETIME>20100325173522
ACCESSION NUMBER:		0001375515-10-000003
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:		20100326
DATE AS OF CHANGE:		20100325
EFFECTIVENESS DATE:		20100326

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OCEAN GATE LIFE SETTLEMENT PROGRAM L P
		CENTRAL INDEX KEY:			0001375515
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-94740
		FILM NUMBER:		10705357

	BUSINESS ADDRESS:	
		STREET 1:		OGLS MANAGEMENT LP
		STREET 2:		40 SOUTH STREET, SUITE 300
		CITY:			MARBLEHEAD
		STATE:			MA
		ZIP:			01945
		BUSINESS PHONE:		781-639-4774

	MAIL ADDRESS:	
		STREET 1:		OGLS MANAGEMENT LP
		STREET 2:		40 SOUTH STREET, SUITE 300
		CITY:			MARBLEHEAD
		STATE:			MA
		ZIP:			01945
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001375515</cik>
        <entityName>OCEAN GATE LIFE SETTLEMENT PROGRAM L P</entityName>
        <issuerAddress>
            <street1>OGLS MANAGEMENT LP</street1>
            <street2>40 SOUTH STREET, SUITE 300</street2>
            <city>MARBLEHEAD</city>
            <stateOrCountry>MA</stateOrCountry>
            <zipCode>01945</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>781-639-4774</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2006</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Barry</firstName>
                <middleName>S.</middleName>
                <lastName>Turkanis</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>OGLS Management LP</street1>
                <street2>40 South Street, Suite 300</street2>
                <city>Marblehead</city>
                <stateOrCountry>MA</stateOrCountry>
                <zipCode>01945</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager of OGLS, LLC, the General Partner of OGLS GP, LP, the General Partner of the Issuer.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Gaetano</firstName>
                <middleName>J.</middleName>
                <lastName>Muzio</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>OGLS Management LP</street1>
                <street2>40 South Street, Suite 300</street2>
                <city>Marblehead</city>
                <stateOrCountry>MA</stateOrCountry>
                <zipCode>01945</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager of OGLS, LLC, the General Partner of OGLS GP, LP, the General Partner of the issuer.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <middleName>J.</middleName>
                <lastName>Butterfield</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>OGLS Management LP</street1>
                <street2>40 South Street, Suite 300</street2>
                <city>Marblehead</city>
                <stateOrCountry>MA</stateOrCountry>
                <zipCode>01945</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Financial Officer of OGLS Management LP, the Issuer's Investment Manager.</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>9999999997-09-012021</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2006-06-21</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>1</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>250000000</totalOfferingAmount>
            <totalAmountSold>243200000</totalAmountSold>
            <totalRemaining>6800000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>19</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>Customary advisory fees are paid by the Issuer to the Investment Manager as provided for in the Issuer's offering material.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>OCEAN GATE LIFE SETTLEMENT PROGRAM L P</issuerName>
                <signatureName>Barry S. Turkanis</signatureName>
                <nameOfSigner>Barry S. Turkanis</nameOfSigner>
                <signatureTitle>Manager of OGLS, LLC, the G.P. of the Issuer's G.P.</signatureTitle>
                <signatureDate>2010-03-17</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----