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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,
 VdzaR4an4cQa/LUQOM+idMQVG9r/u4q1mUwqxYHzPHGRcbXELuaVf85nJAP0v8Wi
 LgN6GwIgA91LOIbngwXrVQ==

<SEC-DOCUMENT>0001181431-09-054105.txt : 20091201
<SEC-HEADER>0001181431-09-054105.hdr.sgml : 20091201
<ACCEPTANCE-DATETIME>20091201094021
ACCESSION NUMBER:		0001181431-09-054105
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20091201
DATE AS OF CHANGE:		20091201
EFFECTIVENESS DATE:		20091201

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MERCED PARTNERS LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0000876001
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-87600-1C
		FILM NUMBER:		091213737

	BUSINESS ADDRESS:	
		STREET 1:		601 CARLSON PARKWAY
		STREET 2:		STE 200
		CITY:			MINNETONKA
		STATE:			MN
		ZIP:			55304
		BUSINESS PHONE:		952-475-7324

	MAIL ADDRESS:	
		STREET 1:		601 CARLSON PARKWAY
		STREET 2:		STE 200
		CITY:			MINNETONKA
		STATE:			MN
		ZIP:			55304
</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>0000876001</cik>
        <entityName>MERCED PARTNERS LIMITED PARTNERSHIP</entityName>
        <issuerAddress>
            <street1>c/o Global Capital Management Inc.</street1>
            <street2>601 Carlson Parkway, Suite 200</street2>
            <city>Minnetonka</city>
            <stateOrCountry>MN</stateOrCountry>
            <zipCode>55305</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>952-475-7324</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <middleName>J</middleName>
                <lastName>Frey</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>601 Carlson Parkway</street1>
                <street2>Suite 200</street2>
                <city>Minnetonka</city>
                <stateOrCountry>MN</stateOrCountry>
                <zipCode>55305</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Officer and Director of Global Capital Management, Inc. and EBF &amp; Associates, L.P., the General Partners of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Thomas</firstName>
                <middleName>G</middleName>
                <lastName>Rock</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>601 Carlson Parkway</street1>
                <street2>Suite 200</street2>
                <city>Minnetonka</city>
                <stateOrCountry>MN</stateOrCountry>
                <zipCode>55305</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Officer of EBF &amp; Associates, L.P., a General Partner of the Issuer</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Investing</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-08-047964</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>1990-03-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>limited partnership interests</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>1250000000</totalOfferingAmount>
            <totalAmountSold>924289732</totalAmountSold>
            <totalRemaining>325710268</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>232</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>true</authorizedRepresentative>
            <signature>
                <issuerName>Merced Partners Limited Partnership</issuerName>
                <signatureName>/s/ Thomas G. Rock</signatureName>
                <nameOfSigner>Thomas G. Rock</nameOfSigner>
                <signatureTitle>CCO of EBF &amp; Associates, L.P., a General Partner of Issuer</signatureTitle>
                <signatureDate>2009-12-01</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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