-----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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 t3yJk8wDUlkimyOlvwOX/A==

<SEC-DOCUMENT>0001440914-09-000002.txt : 20091230
<SEC-HEADER>0001440914-09-000002.hdr.sgml : 20091230
<ACCEPTANCE-DATETIME>20091230104127
ACCESSION NUMBER:		0001440914-09-000002
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20091230
DATE AS OF CHANGE:		20091230
EFFECTIVENESS DATE:		20091230

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RUSSELL INSTITUTIONAL FUNDS LLC - RUSSELL CORE BOND FUND
		CENTRAL INDEX KEY:			0001440835
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-120666
		FILM NUMBER:		091265180

	BUSINESS ADDRESS:	
		STREET 1:		C/O RUSSELL INSTITUTIONAL FUNDS MGMT LLC
		STREET 2:		909A STREET
		CITY:			TACOMA
		STATE:			WA
		ZIP:			98402
		BUSINESS PHONE:		800-455-3782

	MAIL ADDRESS:	
		STREET 1:		C/O RUSSELL INSTITUTIONAL FUNDS MGMT LLC
		STREET 2:		909A STREET
		CITY:			TACOMA
		STATE:			WA
		ZIP:			98402
</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>0001440835</cik>
        <entityName>RUSSELL INSTITUTIONAL FUNDS LLC - RUSSELL CORE BOND FUND</entityName>
        <issuerAddress>
            <street1>C/O RUSSELL INSTITUTIONAL FUNDS MGMT LLC</street1>
            <street2>909A STREET</street2>
            <city>TACOMA</city>
            <stateOrCountry>WA</stateOrCountry>
            <zipCode>98402</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>800-455-3782</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Other</entityType>
        <entityTypeOtherDesc>A series of Russell Institutional Funds, LLC, a Delaware limited liability company.</entityTypeOtherDesc>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2008</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Issuer</firstName>
                <lastName>Russell Institutional Funds, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>909 A Street</street1>
                <city>Tacoma</city>
                <stateOrCountry>WA</stateOrCountry>
                <zipCode>98402</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Managing Member</firstName>
                <lastName>Russell Instutional Funds Management, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>909 A Street</street1>
                <city>Tacoma</city>
                <stateOrCountry>WA</stateOrCountry>
                <zipCode>98402</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Sole Member</firstName>
                <lastName>Frank Russell Company</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>909 A Street</street1>
                <city>Tacoma</city>
                <stateOrCountry>WA</stateOrCountry>
                <zipCode>98402</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Sole Member of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Investment Manager</firstName>
                <lastName>Russell Investment Management Company</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>909 A Street</street1>
                <city>Tacoma</city>
                <stateOrCountry>WA</stateOrCountry>
                <zipCode>98402</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Investment Manager</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-09-000858</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2008-07-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Russell Financial Services, Inc. part of Russell Investments</recipientName>
                <recipientCRDNumber>21771</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>909 A Street</street1>
                    <city>Tacoma</city>
                    <stateOrCountry>WA</stateOrCountry>
                    <zipCode>98402</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>10000000000</totalOfferingAmount>
            <totalAmountSold>1254218701</totalAmountSold>
            <totalRemaining>8745781299</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>24</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>Russell Institutional Funds Management, LLC, the Managing Member of the issuer, is entitled to a periodic fee for its management services in accordance with the organizational documents of the issuer.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>RUSSELL INSTITUTIONAL FUNDS LLC - RUSSELL CORE BOND FUND</issuerName>
                <signatureName>Gregory J. Lyons</signatureName>
                <nameOfSigner>Gregory J. Lyons</nameOfSigner>
                <signatureTitle>Secretary of the Managing Member of the Issuer</signatureTitle>
                <signatureDate>2009-12-29</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----