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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,
 Hyv2pjUqbIRnv0ubQxDFCp7Gdk/6EWfd7jqWcqDpaExOxj5+fsZM9S+ppryJjZ1+
 twROq5RlP5aaC5GCcOZhBQ==

<SEC-DOCUMENT>0001378892-09-000003.txt : 20090916
<SEC-HEADER>0001378892-09-000003.hdr.sgml : 20090916
<ACCEPTANCE-DATETIME>20090915185419
ACCESSION NUMBER:		0001378892-09-000003
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090916
DATE AS OF CHANGE:		20090915
EFFECTIVENESS DATE:		20090916

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Passport Materials Fund L P
		CENTRAL INDEX KEY:			0001378892
		IRS NUMBER:				204326881
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-95755
		FILM NUMBER:		091070832

	BUSINESS ADDRESS:	
		STREET 1:		30 HOTALING PLACE, STE. 300
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111
		BUSINESS PHONE:		415-321-4600

	MAIL ADDRESS:	
		STREET 1:		30 HOTALING PLACE, STE. 300
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0502</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001378892</cik>
        <entityName>Passport Materials Fund L P</entityName>
        <issuerAddress>
            <street1>30 HOTALING PLACE, STE. 300</street1>
            <street2></street2>
            <city>SAN FRANCISCO</city>
            <stateOrCountry>CA</stateOrCountry>
            <zipCode>94111</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>415-321-4600</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2006</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <middleName>Howard</middleName>
                <lastName>Burbank</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>30 Hotaling Place</street1>
                <street2>Ste. 300</street2>
                <city>San Francisco</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94111</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Mr. Burbank serves as Managing Mem to Passport Capital, LLC which serves as Managing Mem to Passport Holdings, LLC (PPH) and Passport Managment LLC (PPM).  PPH serves as Gen. Partner to Passport Materials LP (PM) and PPM serves as Investment Advisor to PM</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Over $100,000,000</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-08-040030</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2006-03-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>17530</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Barbara Justiz</recipientName>
                <recipientCRDNumber>1248873</recipientCRDNumber>
                <associatedBDName>SMH Capital, Inc</associatedBDName>
                <associatedBDCRDNumber>20580</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>600 Travis, Ste. 5800</street1>
                    <street2></street2>
                    <city>Houston</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <zipCode>77002-3003</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>92621830</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>Total amount sold only reflects initial subscriptions and does not include effect of redemptions/withdrawals or performance.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>0</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>91</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Solicitor commission is calculated as a percentage of the mgmt fee and incent fee collected by the investment manager and related entities.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>Passport Management (invest mgr) and Passport Capital LLC (PC) or an affiliate of PC receive mgmt fees and incent fees from this fund as % of investors capital and % of performance.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Passport Materials Fund L P</issuerName>
                <signatureName>Joanne Cormican</signatureName>
                <nameOfSigner>Joanne Cormican</nameOfSigner>
                <signatureTitle>CFO</signatureTitle>
                <signatureDate>2009-09-15</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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