-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 CzcTIfi9UuFlwoNJ8EMifL9Bm63SNuODuZ2DiOihpBpHM90cO7Lb5it/ti40dbTu
 HWiL1oZGV1xk4azmWHeMgA==

<SEC-DOCUMENT>0001169232-09-002844.txt : 20090529
<SEC-HEADER>0001169232-09-002844.hdr.sgml : 20090529
<ACCEPTANCE-DATETIME>20090529162207
ACCESSION NUMBER:		0001169232-09-002844
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090527
FILED AS OF DATE:		20090529
DATE AS OF CHANGE:		20090529

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Stedman Trent
		CENTRAL INDEX KEY:			0001429608

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21541
		FILM NUMBER:		09862049

	MAIL ADDRESS:	
		STREET 1:		799 CENTRAL AVE, SUITE 350
		CITY:			HIGHLAND
		STATE:			IL
		ZIP:			60035

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BITSTREAM INC
		CENTRAL INDEX KEY:			0000818813
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
		IRS NUMBER:				042744890
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		215 FIRST ST
		CITY:			CAMBRIDGE
		STATE:			MA
		ZIP:			02142
		BUSINESS PHONE:		6174976222

	MAIL ADDRESS:	
		STREET 1:		215 FIRST ST
		CITY:			CAMBRIDGE
		STATE:			MA
		ZIP:			02142

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Millennium Group LLC
		CENTRAL INDEX KEY:			0001363688
		STATE OF INCORPORATION:			IL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21541
		FILM NUMBER:		09862047

	BUSINESS ADDRESS:	
		STREET 1:		799 CENTRAL AVE
		STREET 2:		SUITE 350
		CITY:			HIGHLAND PARK
		STATE:			IL
		ZIP:			60035
		BUSINESS PHONE:		847-861-6000

	MAIL ADDRESS:	
		STREET 1:		799 CENTRAL AVE
		STREET 2:		SUITE 350
		CITY:			HIGHLAND PARK
		STATE:			IL
		ZIP:			60035

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Highland Park Partners Fund LP
		CENTRAL INDEX KEY:			0001429609
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21541
		FILM NUMBER:		09862050

	BUSINESS ADDRESS:	
		STREET 1:		799 CENTRAL AVE, SUITE 350
		CITY:			HIGHLAND
		STATE:			IL
		ZIP:			60035
		BUSINESS PHONE:		847-869-6000

	MAIL ADDRESS:	
		STREET 1:		799 CENTRAL AVE, SUITE 350
		CITY:			HIGHLAND
		STATE:			IL
		ZIP:			60035

	FORMER NAME:	
		FORMER CONFORMED NAME:	Highland Park Partners Fund, L.P.
		DATE OF NAME CHANGE:	20080312

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HPP GP LLC
		CENTRAL INDEX KEY:			0001429610
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21541
		FILM NUMBER:		09862046

	BUSINESS ADDRESS:	
		STREET 1:		799 CENTRAL AVE, SUITE 350
		CITY:			HIGHLAND
		STATE:			IL
		ZIP:			60035
		BUSINESS PHONE:		847-869-6000

	MAIL ADDRESS:	
		STREET 1:		799 CENTRAL AVE, SUITE 350
		CITY:			HIGHLAND
		STATE:			IL
		ZIP:			60035

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			NV North American Opportunity Fund
		CENTRAL INDEX KEY:			0001429618
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21541
		FILM NUMBER:		09862048

	BUSINESS ADDRESS:	
		STREET 1:		799 CENTRAL AVE, SUITE 350
		CITY:			HIGHLAND
		STATE:			IL
		ZIP:			60035
		BUSINESS PHONE:		847-869-6000

	MAIL ADDRESS:	
		STREET 1:		799 CENTRAL AVE, SUITE 350
		CITY:			HIGHLAND
		STATE:			IL
		ZIP:			60035
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>d09-77130_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-05-27</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000818813</issuerCik>
        <issuerName>BITSTREAM INC</issuerName>
        <issuerTradingSymbol>BITS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001429608</rptOwnerCik>
            <rptOwnerName>Stedman Trent</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>799 CENTRAL AVE SUITE 350</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HIGHLAND</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60035</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001429618</rptOwnerCik>
            <rptOwnerName>NV North American Opportunity Fund</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>799 CENTRAL AVE, SUITE 350</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HIGHLAND</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60035</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001363688</rptOwnerCik>
            <rptOwnerName>Millennium Group LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>799 CENTRAL AVE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 350</rptOwnerStreet2>
            <rptOwnerCity>HIGHLAND PARK</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60035</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001429610</rptOwnerCik>
            <rptOwnerName>HPP GP LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>799 CENTRAL AVE, SUITE 350</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HIGHLAND</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60035</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001429609</rptOwnerCik>
            <rptOwnerName>Highland Park Partners Fund LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>799 CENTRAL AVE, SUITE 350</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HIGHLAND</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60035</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock, par value $.01 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2009-05-27</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>27000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>4.60</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1586762</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On May 27, 2009, Highland Park Partners Fund, LP acquired an additional 27,000 shares of Class A Common Stock.  NV North
 American Opportunity Fund, Millennium Group LLC, HPP GP LLC, and Trent Stedman each disclaim ownership in such acquisition
 by Highland Park Partners Fund, LP, except to the extent of any pecuniary interest therein.  Millennium Group LLC, HPP GP
 LLC, and Trent Stedman also disclaim beneficial ownership of all other securities reported on this Form 4, except to the
 extent of any pecuniary interest therein.</footnote>
    </footnotes>

    <remarks>NV North American Opportunity Fund directly beneficially owns 1,135,462 shares of Class A Common Stock.  Millennium Group LLC
 is the investment manager of NV North American Opportunity Fund.  Highland Park Partners Fund LP directly beneficially owns
 449,100 shares of Class A Common Stock.  HPP GP LLC is the general partner of Highland Park Partners Fund LP.  Trent Stedman
 directly beneficially owns 2,200 shares of Class A Common Stock in a personal trading account.  Trent Stedman is a member of
 Millennium Group LLC and is also the sole member of HPP GP LLC.  Trent Stedman, by virtue of his relationship to NV North
 American Opportunity Fund, Millennium Group LLC, Highland Park Partners Fund LP, and HPP GP LLC, may be deemed to indirectly
 beneficially own (as that term is defined in Rule 13d-3 under the Act) the shares of Class A Common Stock subject to this
 filing.  The percentage of beneficial ownership 16.1% (or 1,586,762 shares of Class A Common Stock) is based on 9,867,505
 shares of Class A Common Stock (which includes 90,000 unvested restricted shares with voting rights) that were outstanding
 as of April 6, 2009 (as set forth on the Issuer's Schedule 14A, filed on April 17, 2009 with the Securities and Exchange
 Commission).</remarks>

    <ownerSignature>
        <signatureName>/s/ Trent Stedman</signatureName>
        <signatureDate>2009-05-29</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Millennium Group, LLC, by Trent Stedman, Member</signatureName>
        <signatureDate>2009-05-29</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ NV North American Opportunity fund, by: Millennium Group LLC, the investment manager, by Trent Stedman, sole member</signatureName>
        <signatureDate>2009-05-29</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ HPP GP LLC, by Trent Stedman, sole member</signatureName>
        <signatureDate>2009-05-29</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Highland Park Partners Fund LP, by HPP GP LLC, the general partners, by Trent Stedman, sole member</signatureName>
        <signatureDate>2009-05-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----