-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 MskeyLig9A/mXTJu4X8Ukc+XvsgPQQMVjhklTGrO7EtfAHJmm61x/QlhNsgg/uNh
 IjW09rrr70hEAGhKtSadAg==

<SEC-DOCUMENT>0001140361-10-020617.txt : 20100512
<SEC-HEADER>0001140361-10-020617.hdr.sgml : 20100512
<ACCEPTANCE-DATETIME>20100512125810
ACCESSION NUMBER:		0001140361-10-020617
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Section 3(c)(7)
FILED AS OF DATE:		20100512
DATE AS OF CHANGE:		20100512
EFFECTIVENESS DATE:		20100512

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARPEGGIO FUND
		CENTRAL INDEX KEY:			0001138474
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-129326
		FILM NUMBER:		10823544

	BUSINESS ADDRESS:	
		STREET 1:		C/O BNY MELLON ALT INVEST SVCES, LTD.
		STREET 2:		129 FRONT STREET, 4TH FLOOR
		CITY:			HAMILTON HM 12
		STATE:			D0
		ZIP:			00000
		BUSINESS PHONE:		(441) 279-9600

	MAIL ADDRESS:	
		STREET 1:		C/O BNY MELLON ALT INVEST SVCES, LTD.
		STREET 2:		129 FRONT STREET, 4TH FLOOR
		CITY:			HAMILTON HM 12
		STATE:			D0
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001138474</cik>
        <entityName>ARPEGGIO FUND</entityName>
        <issuerAddress>
            <street1>C/O BNY MELLON ALT INVEST SVCES, LTD.</street1>
            <street2>129 FRONT STREET, 4TH FLOOR</street2>
            <city>HAMILTON HM 12</city>
            <stateOrCountry>D0</stateOrCountry>
            <stateOrCountryDescription>BERMUDA</stateOrCountryDescription>
            <zipCode>00000</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(441) 279-9600</issuerPhoneNumber>
        <jurisdictionOfInc>CAYMAN ISLANDS</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Other</entityType>
        <entityTypeOtherDesc>Cayman Islands Exempted Company</entityTypeOtherDesc>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Lisa</firstName>
                <lastName>Alexander</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Walkers Corporate Services Limited</street1>
                <street2>87 Mary Street, Walker House</street2>
                <city>George Town, Grand Cayman</city>
                <stateOrCountry>E9</stateOrCountry>
                <stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
                <zipCode>KY1-9005</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Abali</firstName>
                <lastName>Hoilett</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Walkers Corporate Services Limited</street1>
                <street2>87 Mary Street, Walker House</street2>
                <city>George Town, Grand Cayman</city>
                <stateOrCountry>E9</stateOrCountry>
                <stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
                <zipCode>KY1-9005</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </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>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0000935836-09-000791</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2001-02-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Redeemable shares</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>250000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>200000000</totalOfferingAmount>
            <totalAmountSold>113323804</totalAmountSold>
            <totalRemaining>86676196</totalRemaining>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>3</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </findersFees>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>None, although the investment adviser of the issuer receives investment management fees and performance fees.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>ARPEGGIO FUND</issuerName>
                <signatureName>Lisa Alexander</signatureName>
                <nameOfSigner>Lisa Alexander</nameOfSigner>
                <signatureTitle>Director</signatureTitle>
                <signatureDate>2010-05-11</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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