-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 GFSyMuF574fzPC0ipd/dOYe4tbKiw584tPq3R6GulcLQpsWoG8rwkn+xfnvIYrok
 0td9UKRWO1wra1BC3VGWEQ==

<SEC-DOCUMENT>0001219168-09-000005.txt : 20091130
<SEC-HEADER>0001219168-09-000005.hdr.sgml : 20091130
<ACCEPTANCE-DATETIME>20091130124914
ACCESSION NUMBER:		0001219168-09-000005
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20091130
DATE AS OF CHANGE:		20091130
EFFECTIVENESS DATE:		20091130

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AVESTA FUND LTD
		CENTRAL INDEX KEY:			0001460085
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			C5

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-129069
		FILM NUMBER:		091211292

	BUSINESS ADDRESS:	
		STREET 1:		C/O CITCO BAND AND TRUST CO (BAH)LTD
		STREET 2:		ONE MONTAGUE PLACE,EAST BAY ST
		CITY:			NASSAU
		STATE:			C5
		ZIP:			BAHAMAS
		BUSINESS PHONE:		242-502-5300

	MAIL ADDRESS:	
		STREET 1:		C/O CITCO BAND AND TRUST CO (BAH)LTD
		STREET 2:		ONE MONTAGUE PLACE,EAST BAY ST
		CITY:			NASSAU
		STATE:			C5
		ZIP:			BAHAMAS
</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>0001460085</cik>
        <entityName>AVESTA FUND LTD</entityName>
        <issuerAddress>
            <street1>CITCO BAND AND TRUST CO LTD</street1>
            <street2>ONE MONTAGUE PLACE, EAST BAY ST</street2>
            <city>NASSAU</city>
            <stateOrCountry>C5</stateOrCountry>
            <zipCode>BAHAMAS</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>242-502-5300</issuerPhoneNumber>
        <jurisdictionOfInc>BAHAMAS</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Wendell</firstName>
                <lastName>Fowler</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>One Bryant Park</street1>
                <street2>39th Floor</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10036</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Alan</firstName>
                <lastName>Cole</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Box N-9934 2nd Floor</street1>
                <street2>Ansacher House</street2>
                <city>Nassau</city>
                <stateOrCountry>C5</stateOrCountry>
                <zipCode>00000</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge 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>9999999997-09-013060</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2002-09-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Anthony R. Buscemi</recipientName>
                <recipientCRDNumber>3156872</recipientCRDNumber>
                <associatedBDName>Gallatin Capital LLC</associatedBDName>
                <associatedBDCRDNumber>124738</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>444 Madison Avenue</street1>
                    <street2>Suite 3500</street2>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10022</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AK</state>
                    <state>CA</state>
                    <state>CT</state>
                    <state>MD</state>
                    <state>MA</state>
                    <state>MI</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>OH</state>
                    <state>VT</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>John B. Hardy III</recipientName>
                <recipientCRDNumber>1792237</recipientCRDNumber>
                <associatedBDName>Gallatin Capital LLC</associatedBDName>
                <associatedBDCRDNumber>124738</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>444 Madison Avenue</street1>
                    <street2>Suite 3500</street2>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10022</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>CT</state>
                    <state>DC</state>
                    <state>FL</state>
                    <state>GA</state>
                    <state>KY</state>
                    <state>MA</state>
                    <state>NY</state>
                    <state>NC</state>
                    <state>TX</state>
                    <state>VA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>John L. Youngblood</recipientName>
                <recipientCRDNumber>1335335</recipientCRDNumber>
                <associatedBDName>Gallatin Capital LLC</associatedBDName>
                <associatedBDCRDNumber>124738</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>444 Madison Avenue</street1>
                    <street2>Suite 3500</street2>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10022</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>CT</state>
                    <state>FL</state>
                    <state>MA</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>OH</state>
                    <state>TX</state>
                    <state>VA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Jennifer Kelleher Tamis</recipientName>
                <recipientCRDNumber>4461249</recipientCRDNumber>
                <associatedBDName>Gallatin Capital LLC</associatedBDName>
                <associatedBDCRDNumber>124738</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>444 Madison Avenue</street1>
                    <street2>Suite 3500</street2>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10022</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>CT</state>
                    <state>DC</state>
                    <state>GA</state>
                    <state>MA</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>TX</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>1699286885</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>45</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>3000000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Sales commission estimate is from the beginning of the offering through the next 12 months and is based on the placement agent being compensated for its activities by receiving a portion of the management fee and incentive fees from the investment manager</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>AVESTA FUND LTD</issuerName>
                <signatureName>Wendell Fowler</signatureName>
                <nameOfSigner>Wendell Fowler</nameOfSigner>
                <signatureTitle>Director</signatureTitle>
                <signatureDate>2009-11-30</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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