-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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MIC-Info: RSA-MD5,RSA,
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 mt7JJvGSj1Oqc0SaFiWAyQ==

<SEC-DOCUMENT>0001484129-10-000001.txt : 20100216
<SEC-HEADER>0001484129-10-000001.hdr.sgml : 20100215
<ACCEPTANCE-DATETIME>20100216150006
ACCESSION NUMBER:		0001484129-10-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100216
DATE AS OF CHANGE:		20100216
EFFECTIVENESS DATE:		20100216

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			American Asset Corp Capital Fund I, LLC
		CENTRAL INDEX KEY:			0001484129
		IRS NUMBER:				270934485
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-138748
		FILM NUMBER:		10606714

	BUSINESS ADDRESS:	
		STREET 1:		3700 ARCO CORPORATE DRIVE, SUITE 350
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28273
		BUSINESS PHONE:		212-355-5800

	MAIL ADDRESS:	
		STREET 1:		3700 ARCO CORPORATE DRIVE, SUITE 350
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28273
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001484129</cik>
        <entityName>American Asset Corp Capital Fund I, LLC</entityName>
        <issuerAddress>
            <street1>3700 ARCO CORPORATE DRIVE, SUITE 350</street1>
            <city>CHARLOTTE</city>
            <stateOrCountry>NC</stateOrCountry>
            <zipCode>28273</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>212-355-5800</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>.</firstName>
                <lastName>AAC Capital Fund I Management , LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3700 Arco Corporate Drive, Suite 350</street1>
                <city>Charlotte</city>
                <stateOrCountry>NC</stateOrCountry>
                <zipCode>28273</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Riprand Graf</firstName>
                <lastName>Arco</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3700 Arco Corporate Drive, Suite 350</street1>
                <city>Charlotte</city>
                <stateOrCountry>NC</stateOrCountry>
                <zipCode>28273</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Maria Beatrice Dr. Graffin</firstName>
                <lastName>Arco</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3700 Arco Corporate Drive, Suite 350</street1>
                <city>Charlotte</city>
                <stateOrCountry>NC</stateOrCountry>
                <zipCode>28273</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Paul</firstName>
                <lastName>Herndon</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3700 Arco Corporate Drive, Suite 350</street1>
                <city>Charlotte</city>
                <stateOrCountry>NC</stateOrCountry>
                <zipCode>28273</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Brian</firstName>
                <lastName>Briody</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3700 Arco Corporate Drive, Suite 350</street1>
                <city>Charlotte</city>
                <stateOrCountry>NC</stateOrCountry>
                <zipCode>28273</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Petr</firstName>
                <lastName>Vasicko</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3700 Arco Corporate Drive, Suite 350</street1>
                <city>Charlotte</city>
                <stateOrCountry>NC</stateOrCountry>
                <zipCode>28273</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <lastName>Santini</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10 E. 53rd Street, 30th Floor</street1>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10022</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Terry</firstName>
                <lastName>Bradshaw</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3700 Arco Corporate Drive, Suite 350</street1>
                <city>Charlotte</city>
                <stateOrCountry>NC</stateOrCountry>
                <zipCode>28273</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of Manager</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other Real Estate</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$1 - $1,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-01-29</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>20000000</totalOfferingAmount>
            <totalAmountSold>500000</totalAmountSold>
            <totalRemaining>19500000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>1</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>American Asset Corp Capital Fund I, LLC</issuerName>
                <signatureName>/s/ Terry Bradshaw</signatureName>
                <nameOfSigner>Terry Bradshaw</nameOfSigner>
                <signatureTitle>Vice President of Manager</signatureTitle>
                <signatureDate>2010-02-16</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----