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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 0u9NBcVmYqNBlNmxuR5N5A==

<SEC-DOCUMENT>0001347129-09-000005.txt : 20090316
<SEC-HEADER>0001347129-09-000005.hdr.sgml : 20090316
<ACCEPTANCE-DATETIME>20090313191111
ACCESSION NUMBER:		0001347129-09-000005
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:		20090316
DATE AS OF CHANGE:		20090313
EFFECTIVENESS DATE:		20090316

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NZC GUGGENHEIM FUND LLC
		CENTRAL INDEX KEY:			0001445853
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-122826
		FILM NUMBER:		09681702

	BUSINESS ADDRESS:	
		STREET 1:		C/O GUGGENHEIM INVESTMENT MGMT LLC
		STREET 2:		135 EAST 57TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-381-4169

	MAIL ADDRESS:	
		STREET 1:		C/O GUGGENHEIM INVESTMENT MGMT LLC
		STREET 2:		135 EAST 57TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
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    <schemaVersion>X0201</schemaVersion>

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    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001445853</cik>
        <entityName>NZC GUGGENHEIM FUND LLC</entityName>
        <issuerAddress>
            <street1>GUGGENHEIM INVESTMENT MGMT, LLC</street1>
            <street2>135 EAST 57TH STREET</street2>
            <city>NEW YORK</city>
            <stateOrCountry>NY</stateOrCountry>
            <zipCode>10022</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>212-651-9450</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DE</jurisdictionOfInc>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2008</value>
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            <relatedPersonName>
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                <middleName></middleName>
                <lastName>Guggenheim Investment Management, LLC</lastName>
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            <relatedPersonAddress>
                <street1>135 East 57th Street</street1>
                <street2></street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10022</zipCode>
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        <relatedPersonInfo>
            <relatedPersonName>
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                <lastName>Guggenheim Partners, LLC</lastName>
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        <relatedPersonInfo>
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                <firstName>Adrian</firstName>
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                <firstName>Kevin</firstName>
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            <relatedPersonAddress>
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                <zipCode>10022</zipCode>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>R.</middleName>
                <lastName>Hagner</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Guggenheim Investment Management, LLC</street1>
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                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10022</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
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            <relatedPersonName>
                <firstName>Thomas</firstName>
                <middleName>J.</middleName>
                <lastName>Hauser</lastName>
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            <relatedPersonAddress>
                <street1>Guggenheim Investment Management, LLC</street1>
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                <zipCode>10022</zipCode>
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            <relatedPersonRelationshipList>
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            <relationshipClarification></relationshipClarification>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Todd</firstName>
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            <relatedPersonAddress>
                <street1>Guggenheim Investment Management, LLC</street1>
                <street2>135 East 57th Street</street2>
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                <zipCode>10022</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
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                <firstName>Anthony</firstName>
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            <relatedPersonAddress>
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            <relatedPersonName>
                <firstName>Timothy</firstName>
                <middleName>H.</middleName>
                <lastName>Murray</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Guggenheim Investment Management, LLC</street1>
                <street2>1301 McKinney</street2>
                <city>Houston</city>
                <stateOrCountry>TX</stateOrCountry>
                <zipCode>77010</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
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            <relationshipClarification></relationshipClarification>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Stephen</firstName>
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            <relatedPersonAddress>
                <street1>Guggenheim Investment Management, LLC</street1>
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    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
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        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
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        <offeringSalesAmounts>
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            <totalAmountSold>211908601</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
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                <issuerName>NZC GUGGENHEIM FUND LLC</issuerName>
                <signatureName>Stephen D. Sautel</signatureName>
                <nameOfSigner>Stephen D. Sautel</nameOfSigner>
                <signatureTitle>Senior Managing Director of the Manager</signatureTitle>
                <signatureDate>2009-03-13</signatureDate>
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-----END PRIVACY-ENHANCED MESSAGE-----