-----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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 km9IzM1rx2pOR+80E3srIw==

<SEC-DOCUMENT>0001411464-11-000001.txt : 20110216
<SEC-HEADER>0001411464-11-000001.hdr.sgml : 20110216
<ACCEPTANCE-DATETIME>20110216142415
ACCESSION NUMBER:		0001411464-11-000001
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20110216
DATE AS OF CHANGE:		20110216
EFFECTIVENESS DATE:		20110216

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LJM PRESERVATION & GROWTH FUND LP
		CENTRAL INDEX KEY:			0001411464
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-108177
		FILM NUMBER:		11617034

	BUSINESS ADDRESS:	
		STREET 1:		432 THE LANE
		CITY:			HINSDALE
		STATE:			IL
		ZIP:			60521
		BUSINESS PHONE:		630-325-3897

	MAIL ADDRESS:	
		STREET 1:		432 THE LANE
		CITY:			HINSDALE
		STATE:			IL
		ZIP:			60521
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001411464</cik>
        <entityName>LJM PRESERVATION &amp; GROWTH FUND LP</entityName>
        <issuerAddress>
            <street1>432 THE LANE</street1>
            <city>HINSDALE</city>
            <stateOrCountry>IL</stateOrCountry>
            <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
            <zipCode>60521</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>630-325-3897</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>ANTHONY</firstName>
                <middleName>J.</middleName>
                <lastName>CAINE</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>432 THE LANE</street1>
                <city>HINSDALE</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60521</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>CHAIRMAN OF LJM PARTNERS, LTD., THE GENERAL PARTNER OF THE ISSUER</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>J.</firstName>
                <middleName>SCOTT</middleName>
                <lastName>SYKORA</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>432 THE LANE</street1>
                <city>HINSDALE</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60521</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>PRESIDENT OF LJM PARTNERS, LTD., THE GENERAL PARTNER OF THE ISSUER</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>FERNANDO</firstName>
                <lastName>ANTON</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>432 THE LANE</street1>
                <city>HINSDALE</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60521</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>EXECUTIVE OFFICER OF LJM PARTNERS, LTD., THE GENERAL PARTNER OF THE ISSUER</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>GUILLERMO</firstName>
                <lastName>BUBLIK</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>432 THE LANE</street1>
                <city>HINSDALE</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60521</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>CHIEF RISK OFFICER OF LJM PARTNERS, LTD., THE GENERAL PARTNER OF THE ISSUER</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>$50,000,001 - $100,000,000</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001411464-10-000001</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2006-05-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>5000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>TRIAD ADVISORS, INC.</recipientName>
                <recipientCRDNumber>25803</recipientCRDNumber>
                <associatedBDName>TRIAD ADVISORS, INC.</associatedBDName>
                <associatedBDCRDNumber>25803</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>3500 PARKWAY LANE</street1>
                    <street2>SUITE 200</street2>
                    <city>NORCROSS</city>
                    <stateOrCountry>GA</stateOrCountry>
                    <stateOrCountryDescription>GEORGIA</stateOrCountryDescription>
                    <zipCode>30092</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>MF GLOBAL, INC.</recipientName>
                <recipientCRDNumber>6731</recipientCRDNumber>
                <associatedBDName>MF GLOBAL, INC.</associatedBDName>
                <associatedBDCRDNumber>21973</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>440 S. LASALLE STREET</street1>
                    <street2>20TH FLOOR</street2>
                    <city>CHICAGO</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                    <zipCode>60605</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>CAPITAL MANAGEMENT PARTNERS, INC.</recipientName>
                <recipientCRDNumber>21973</recipientCRDNumber>
                <associatedBDName>CAPITAL MANAGEMENT PARTNERS, INC.</associatedBDName>
                <associatedBDCRDNumber>21973</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1100 NORTH FOURTH STREET</street1>
                    <street2>SUITE 141</street2>
                    <city>FAIRFIELD</city>
                    <stateOrCountry>IA</stateOrCountry>
                    <stateOrCountryDescription>IOWA</stateOrCountryDescription>
                    <zipCode>52556</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>AL</state>
                    <description>ALABAMA</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>NH</state>
                    <description>NEW HAMPSHIRE</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>OH</state>
                    <description>OHIO</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>KS</state>
                    <description>KANSAS</description>
                    <state>MN</state>
                    <description>MINNESOTA</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>MO</state>
                    <description>MISSOURI</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>IA</state>
                    <description>IOWA</description>
                    <state>OR</state>
                    <description>OREGON</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>100000000</totalOfferingAmount>
            <totalAmountSold>44648853</totalAmountSold>
            <totalRemaining>55351147</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>2</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>77</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>100000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>LJM PRESERVATION &amp; GROWTH FUND LP</issuerName>
                <signatureName>/s/ J. Scott Sykora</signatureName>
                <nameOfSigner>J. Scott Sykora</nameOfSigner>
                <signatureTitle>President of LJM Partners, Ltd.</signatureTitle>
                <signatureDate>2011-02-16</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----