-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 E0yJZNd5eTOb/C74Z14A4RHFWoRq1bI0cNVcciJLDx9r7etw26aWwT5nL1AAKodJ
 Xu2cWwNKi9UHDW+/6EI18g==

<SEC-DOCUMENT>0001455455-09-000003.txt : 20090206
<SEC-HEADER>0001455455-09-000003.hdr.sgml : 20090206
<ACCEPTANCE-DATETIME>20090206104547
ACCESSION NUMBER:		0001455455-09-000003
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090206
DATE AS OF CHANGE:		20090206
EFFECTIVENESS DATE:		20090206

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TNP 2008 Participating Notes Program, LLC
		CENTRAL INDEX KEY:			0001455455
		IRS NUMBER:				800312479
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1209

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-126649
		FILM NUMBER:		09575082

	BUSINESS ADDRESS:	
		STREET 1:		1901 MAIN STREET, SUITE 108
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92614
		BUSINESS PHONE:		949-833-8252

	MAIL ADDRESS:	
		STREET 1:		1901 MAIN STREET, SUITE 108
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92614
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0201</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001455455</cik>
        <entityName>TNP 2008 Participating Notes Program, LLC</entityName>
        <issuerAddress>
            <street1>1901 MAIN STREET, SUITE 108</street1>
            <street2></street2>
            <city>IRVINE</city>
            <stateOrCountry>CA</stateOrCountry>
            <zipCode>92614</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>949-833-8252</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DE</jurisdictionOfInc>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2008</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Anthony</firstName>
                <middleName>W.</middleName>
                <lastName>Thompson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1901 Main Street, Suite 108</street1>
                <street2></street2>
                <city>Irvine</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92614</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jack</firstName>
                <middleName>R.</middleName>
                <lastName>Maurer</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1901 Main Street, Suite 108</street1>
                <street2></street2>
                <city>Irvine</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92614</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Commercial</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2008-12-17</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isDebtType>true</isDebtType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Gary L. Flater</recipientName>
                <recipientCRDNumber>1049132</recipientCRDNumber>
                <associatedBDName>MCL Financial Group, Inc.</associatedBDName>
                <associatedBDCRDNumber>41180</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1551 N. Tustin Avenue, Suite 960</street1>
                    <street2></street2>
                    <city>Santa Ana</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>92705</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Berthel, Fisher and Company Financial Corporation</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Berthel, Fisher and Company Financial Services, Inc.</associatedBDName>
                <associatedBDCRDNumber>13609</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>701 Tama Street, Building B</street1>
                    <street2></street2>
                    <city>Marion</city>
                    <stateOrCountry>IA</stateOrCountry>
                    <zipCode>52302</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Steven A. Arnold</recipientName>
                <recipientCRDNumber>710263</recipientCRDNumber>
                <associatedBDName>Omni Brokerage, Inc.</associatedBDName>
                <associatedBDCRDNumber>16878</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>9699 Bay Harbor Circle, Suite 203</street1>
                    <street2></street2>
                    <city>Fort Meyers</city>
                    <stateOrCountry>FL</stateOrCountry>
                    <zipCode>33919</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AL</state>
                    <state>CA</state>
                    <state>CT</state>
                    <state>DE</state>
                    <state>FL</state>
                    <state>IL</state>
                    <state>KY</state>
                    <state>ME</state>
                    <state>MA</state>
                    <state>MI</state>
                    <state>MN</state>
                    <state>NJ</state>
                    <state>NC</state>
                    <state>PA</state>
                    <state>SD</state>
                    <state>TX</state>
                    <state>VT</state>
                    <state>VA</state>
                    <state>WA</state>
                    <state>WI</state>
                    <state>WY</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Margaret E. Whitaker</recipientName>
                <recipientCRDNumber>2928686</recipientCRDNumber>
                <associatedBDName>Carlton and Associates, Inc.</associatedBDName>
                <associatedBDCRDNumber>20999</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>14497 N. Dale Mabry Hwy., Suite 215</street1>
                    <street2></street2>
                    <city>Tampa</city>
                    <stateOrCountry>FL</stateOrCountry>
                    <zipCode>33618</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AL</state>
                    <state>MD</state>
                    <state>MS</state>
                    <state>TN</state>
                    <state>WI</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Robert S. Smith</recipientName>
                <recipientCRDNumber>1412333</recipientCRDNumber>
                <associatedBDName>Pacific West Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>6390</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>8705 SW Nimbus Ave., Suite 260</street1>
                    <street2></street2>
                    <city>Beaverton</city>
                    <stateOrCountry>OR</stateOrCountry>
                    <zipCode>97008</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>CO</state>
                    <state>MN</state>
                    <state>MT</state>
                    <state>NJ</state>
                    <state>OR</state>
                    <state>SD</state>
                    <state>UT</state>
                    <state>VA</state>
                    <state>WA</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>25000000</totalOfferingAmount>
            <totalAmountSold>1630000</totalAmountSold>
            <totalRemaining>23370000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>15</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>70000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>1000000</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>TNP 2008 Participating Notes Program, LLC</issuerName>
                <signatureName>Anthony W. Thompson</signatureName>
                <nameOfSigner>Anthony W. Thompson</nameOfSigner>
                <signatureTitle>Managing Member of Thompson National Properties, LLC</signatureTitle>
                <signatureDate>2009-02-06</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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