-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 L23KHD08HmhkIVJI7T1EEt+nTuMQjgiSlKnaC+ATci1AFduF34gD/YsGQBS0BrvW
 DJM+oRmURuBNAITNwE+pLA==

<SEC-DOCUMENT>0001393905-09-000205.txt : 20090514
<SEC-HEADER>0001393905-09-000205.hdr.sgml : 20090514
<ACCEPTANCE-DATETIME>20090514125601
ACCESSION NUMBER:		0001393905-09-000205
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090514
DATE AS OF CHANGE:		20090514
EFFECTIVENESS DATE:		20090514

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAGNUM FUND LLC
		CENTRAL INDEX KEY:			0001405789
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NC

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-105680
		FILM NUMBER:		09825421

	BUSINESS ADDRESS:	
		STREET 1:		200 PROVIDENCE ROAD
		STREET 2:		SUITE 103
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28207
		BUSINESS PHONE:		704-358-8084

	MAIL ADDRESS:	
		STREET 1:		200 PROVIDENCE ROAD
		STREET 2:		SUITE 103
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28207
</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>0001405789</cik>
        <entityName>MAGNUM FUND LLC</entityName>
        <issuerAddress>
            <street1>200 PROVIDENCE ROAD</street1>
            <street2>SUITE 103</street2>
            <city>CHARLOTTE</city>
            <stateOrCountry>NC</stateOrCountry>
            <zipCode>28207</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>704-358-8084</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>NC</jurisdictionOfInc>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2007</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>JOHN</firstName>
                <middleName>T</middleName>
                <lastName>MURPHY III</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>200 PROVIDENCE ROAD</street1>
                <street2>SUITE 103</street2>
                <city>CHARLOTTE</city>
                <stateOrCountry>NC</stateOrCountry>
                <zipCode>28207</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>PRINCIPAL OF JTM CAPITAL, LLC, WHICH IS THE MANAGING MEMBER TO THE MAGNUM FUND, LLC.</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment 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>9999999997-07-032102</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2007-07-05</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>10000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>JOHN T. MURPHY III</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>200 PROVIDENCE ROAD</street1>
                    <street2>SUITE 103</street2>
                    <city>CHARLOTTE</city>
                    <stateOrCountry>NC</stateOrCountry>
                    <zipCode>28207</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>GA</state>
                    <state>IL</state>
                    <state>NV</state>
                    <state>NC</state>
                    <state>SC</state>
                    <state>TN</state>
                    <state>TX</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>15000000</totalOfferingAmount>
            <totalAmountSold>713000</totalAmountSold>
            <totalRemaining>14287000</totalRemaining>
            <clarificationOfResponse>THE MAGNUM FUND, LLC, IS A COMMODITY POOL PRIVATELY OFFERING POOLED INVESTMENT FUND INTERESTS IN $10,000 USD INCREMENTS PURSUANT TO AN EXEMPTION AFFORDED BY REGULATION D, RULE 506.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>2</numberNonAccreditedInvestors>
            <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></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>MAGNUM FUND LLC</issuerName>
                <signatureName>JOHN T. MURPHY III</signatureName>
                <nameOfSigner>JOHN T. MURPHY III</nameOfSigner>
                <signatureTitle>MANAGING MEMBER</signatureTitle>
                <signatureDate>2009-05-14</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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