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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 GS7lpfiqRU7WCWuAs2yB3VsgpJuWiFXlv9WuckODEU0lpNIObbNMx2ljpc7ziJ2s
 qaFBymc0UvYYKgzQJonY8Q==

<SEC-DOCUMENT>0001140361-10-046188.txt : 20101117
<SEC-HEADER>0001140361-10-046188.hdr.sgml : 20101117
<ACCEPTANCE-DATETIME>20101117123419
ACCESSION NUMBER:		0001140361-10-046188
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Section 3(c)(7)
FILED AS OF DATE:		20101117
DATE AS OF CHANGE:		20101117
EFFECTIVENESS DATE:		20101117

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ACADIAN EMERGING MARKETS LOCAL DEBT FUND, LLC
		CENTRAL INDEX KEY:			0001442339
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-121215
		FILM NUMBER:		101199021

	BUSINESS ADDRESS:	
		STREET 1:		ACADIAN ASSET MANAGEMENT LLC
		STREET 2:		ONE POST OFFICE SQUARE, 20TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		617-369-7300

	MAIL ADDRESS:	
		STREET 1:		ACADIAN ASSET MANAGEMENT LLC
		STREET 2:		ONE POST OFFICE SQUARE, 20TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ACADIAN EMERGING MARKETS LOCAL DEBT FUND LLC
		DATE OF NAME CHANGE:	20080807
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
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<TEXT>
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<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001442339</cik>
        <entityName>ACADIAN EMERGING MARKETS LOCAL DEBT FUND, LLC</entityName>
        <issuerAddress>
            <street1>C/O ACADIAN ASSET MANAGEMENT LLC</street1>
            <street2>ONE POST OFFICE SQUARE, 20TH FLOOR</street2>
            <city>BOSTON</city>
            <stateOrCountry>MA</stateOrCountry>
            <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
            <zipCode>02109</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>617-369-7300</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <previousName>ACADIAN EMERGING MARKETS LOCAL DEBT FUND LLC</previousName>
        </edgarPreviousNameList>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2007</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>n/a</firstName>
                <lastName>Acadian Asset Management LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>One Post Office Square, 20th Floor</street1>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02109</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Acadian Asset Management LLC is the Managing Member (the &quot;Managing Member&quot;) of Acadian Emerging Markets Local Debt Fund, LLC (the &quot;Issuer&quot;)</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Gary</firstName>
                <lastName>Bergstrom</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Acadian Asset Management LLC</street1>
                <street2>One Post Office Square, 20th Floor</street2>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02109</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Officer of the Managing Member of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <lastName>Chisholm</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Acadian Asset Management LLC</street1>
                <street2>One Post Office Square, 20th Floor</street2>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02109</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Officer of the Managing Member of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Ronald</firstName>
                <lastName>Frashure</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Acadian Asset Management LLC</street1>
                <street2>One Post Office Square, 20th Floor</street2>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02109</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Officer of the Managing Member of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Churchill</firstName>
                <lastName>Franklin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Acadian Asset Management LLC</street1>
                <street2>One Post Office Square, 20th Floor</street2>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02109</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Officer of the Managing Member of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mark</firstName>
                <lastName>Minichiello</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Acadian Asset Management LLC</street1>
                <street2>One Post Office Square, 20th Floor</street2>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02109</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Officer of the Managing Member of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Raymond</firstName>
                <lastName>Mui</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Acadian Asset Management LLC</street1>
                <street2>One Post Office Square, 20th Floor</street2>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02109</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Officer of the Managing Member of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Ross</firstName>
                <lastName>Dowd</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Acadian Asset Management LLC</street1>
                <street2>One Post Office Square, 20th Floor</street2>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02109</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Officer of the Managing Member of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Virginia</firstName>
                <middleName>M.</middleName>
                <lastName>Turner</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Old Mutual Asset Management Trust Co</street1>
                <street2>200 Clarendon Street, 52nd Floor</street2>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02116</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Senior Vice President of Old Mutual Asset Management Trust Company (&quot;OMAMTC&quot;), Administrator of the Acadian Emerging Markets Local Debt 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>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001140361-10-008552</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2007-08-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Commingled investment trust interests</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>1000000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>30261342</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>Total aggregate sales amount is $30,261,342.25</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>3</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>ACADIAN EMERGING MARKETS LOCAL DEBT FUND, LLC</issuerName>
                <signatureName>/s/ Virginia M. Turner</signatureName>
                <nameOfSigner>Virginia M. Turner</nameOfSigner>
                <signatureTitle>Sr Vice President of OMAMTC, as Fund's Administrator</signatureTitle>
                <signatureDate>2010-11-17</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
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</SEC-DOCUMENT>
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