Filed Pursuant to Rule 424(b)(3)
Registration No. 333-155800

November 2010 Performance Update

The Frontier Fund Supplement Dated November 30, 2010 to Prospectus Dated April 30, 2010

The Frontier Fund Class 1 New

T H E    F RO N T I E R    F U N D’ S    G O A L : To provide you – the investor – with a managed futures product that, over the long term, provides attractive returns, reduces volatility, and improves the overall performance of your investment portfolio.

November performance for the various Series of The Frontier Fund is detailed below:*

The Frontier Fund Class 1 New	November 30, 2010	November 30, 2010	NAV / Unit
	MTD	YTD
Frontier Diversified Series-1	-3.76%	4.23%		$100.90
Frontier Dynamic Series-1	-1.41%	-0.50%		$90.97
Frontier Long/Short Commodity Series-1a	-0.74%	9.52%		$111.16
Frontier Masters Series-1	-2.92%	6.27%		$100.39

Additional information, including monthly rates of return, concerning the aforementioned Series and the Trading Advisor(s) is contained in the Prospectus and the respective Series Appendix to the Prospectus.

* The above table sets forth the actual performance for the Class and Series as of November 30, 2010. Actual gross trading performance (gross realized and unrealized gain/loss before deduction for trading commissions and fees, management fees, any other expense, and before addition of interest income) is adjusted for the trading expenses, management fees, initial service fees, on-going service fees, and interest income of the applicable Series.

THIS INSERT MUST BE ACCOMPANIED OR PRECEDED BY THE CURRENT PROSPECTUS OF THE FRONTIER FUND

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

THE FRONTIER FUND DIVERSIFIED SERIES - 1

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

November 30, 2010

(Unaudited)

							Current Period
INCOME
Realized trading gain/(loss)							$	(2,200,776.45	)
Unrealized trading gain/(loss)								(1,194,158.38	)
Less: commissions								(100,610.18	)
Less: FCM fees								(181,395.44	)
Foreign currency gain/(loss)								(19,717.56	)
Interest income								135,333.11
Total Income								(3,561,324.90	)
EXPENSES
Management fees								74,767.68
Incentive fees								(452,231.15	)
Broker service fees								153,997.98
Total Expenses								(223,465.49	)
Net Income (Loss)							$	(3,337,859.41	)
STATEMENT OF CHANGES IN NET ASSET VALUE
	Units			Dollars			$’s per unit
Net Asset Value, end of prior month		847,752.48235		$	88,881,322.60			104.84
Current month additions		31,044.85745			3,207,596.85
Current month redemptions		(26,401.89054	)		(2,744,625.17	)
Net Income (loss) for current month					(3,337,859.41	)
Net Asset Value, end of current month		852,395.44926		$	86,006,434.87			100.90
		Monthly rate of return						-3.76	%

To the best of my knowledge and belief, the information

contained in this statement is accurate and complete

/s/    S. Brent Bales

S. Brent Bales, Chief Accounting Officer of the Managing Owner

Equinox Fund Management LLC

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - Diversified Series 1

THE FRONTIER FUND DYNAMIC SERIES - 1

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

November 30, 2010

(Unaudited)

						Current Period
INCOME
Realized trading gain/(loss)						$	—
Unrealized trading gain/(loss)							(14,372.46	)
Less: commissions							—
Less: FCM fees							(2,554.59	)
Foreign currency gain/(loss)							—
Interest income							1,749.78
Total Income							(15,177.27	)
EXPENSES
Management fees							—
Incentive fees							—
Broker service fees							2,167.15
Total Expenses							2,167.15
Net Income (Loss)						$	(17,344.42	)
STATEMENT OF CHANGES IN NET ASSET VALUE
	Units		Dollars			$’s per unit
Net Asset Value, end of prior month		13,293.30098	$	1,226,524.80			92.27
Current month additions		54.01154		5,000.00
Current month redemptions		—		—
Net Income (loss) for current month				(17,344.42	)
Net Asset Value, end of current month		13,347.31252	$	1,214,180.38			90.97
		Monthly rate of return					-1.41	%

To the best of my knowledge and belief, the information

contained in this statement is accurate and complete

/s/    S. Brent Bales

S. Brent Bales, Chief Accounting Officer of the Managing Owner

Equinox Fund Management LLC

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - Dynamic Series 1

THE FRONTIER FUND LONG/SHORT COMMODITY SERIES - 1a

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

November 30, 2010

(Unaudited)

						Current Period
INCOME
Realized trading gain/(loss)						$	165,684.39
Unrealized trading gain/(loss)							(170,522.19	)
Less: commissions							(5,343.29	)
Less: FCM fees							(9,791.19	)
Foreign currency gain/(loss)							49.79
Interest income							7,146.40
Total Income							(12,776.09	)
EXPENSES
Management fees							12,450.48
Incentive fees							4,293.07
Broker service fees							8,370.33
Total Expenses							25,113.88
Net Income (Loss)						$	(37,889.97	)
STATEMENT OF CHANGES IN NET ASSET VALUE
	Units		Dollars			$’s per unit
Net Asset Value, end of prior month		40,605.49542	$	4,547,105.61			111.98
Current month additions		5,175.21722		579,599.68
Current month redemptions		—		—
Net Income (loss) for current month				(37,889.97	)
Net Asset Value, end of current month		45,780.71264	$	5,088,815.32			111.16
		Monthly rate of return					-0.74	%

To the best of my knowledge and belief, the information

contained in this statement is accurate and complete

/s/    S. Brent Bales

S. Brent Bales, Chief Accounting Officer of the Managing Owner

Equinox Fund Management LLC

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - Long/Short Commodity Series 1a

THE FRONTIER FUND MASTERS SERIES - 1

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

November 30, 2010

(Unaudited)

							Current Period
INCOME
Realized trading gain/(loss)							$	(198,764.67	)
Unrealized trading gain/(loss)								(916,596.71	)
Less: commissions								(9,307.65	)
Less: FCM fees								(83,460.14	)
Foreign currency gain/(loss)								(11,323.60	)
Interest income								39,569.06
Total Income								(1,179,883.71	)
EXPENSES
Management fees								69,799.37
Incentive fees								(147,784.96	)
Broker service fees								70,831.18
Total Expenses								(7,154.41	)
Net Income (Loss)							$	(1,172,729.30	)
STATEMENT OF CHANGES IN NET ASSET VALUE
	Units			Dollars			$’s per unit
Net Asset Value, end of prior month		392,045.54096		$	40,540,328.78			103.41
Current month additions		18,026.82860			1,831,951.31
Current month redemptions		(14,296.32395	)		(1,469,036.09	)
Net Income (loss) for current month					(1,172,729.30	)
Net Asset Value, end of current month		395,776.04561		$	39,730,514.70			100.39
		Monthly rate of return						-2.92	%

To the best of my knowledge and belief, the information

contained in this statement is accurate and complete

/s/    S. Brent Bales

S. Brent Bales, Chief Accounting Officer of the Managing Owner

Equinox Fund Management LLC

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - Masters Series 1