-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 CNqMbp+XXNdqhZ2X3SPinoolnm51ne7kCcxOT8WicvCyALNXGdbtsBjuhRdh3Ryi
 xThVKxOMXwAYmF1u2yd8eA==

<SEC-DOCUMENT>0001435880-09-000004.txt : 20090916
<SEC-HEADER>0001435880-09-000004.hdr.sgml : 20090916
<ACCEPTANCE-DATETIME>20090915190513
ACCESSION NUMBER:		0001435880-09-000004
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 SPECIAL OPPORTUNITIES FUND LTD
		CENTRAL INDEX KEY:			0001435880
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-118445
		FILM NUMBER:		091070858

	BUSINESS ADDRESS:	
		STREET 1:		C/O OGIER FIDUCIARY SERVICES (BVI) LTD
		STREET 2:		P.O. BOX 3170
		CITY:			ROAD TOWN
		STATE:			D8
		ZIP:			BVI
		BUSINESS PHONE:		415-321-4600

	MAIL ADDRESS:	
		STREET 1:		C/O OGIER FIDUCIARY SERVICES (BVI) LTD
		STREET 2:		P.O. BOX 3170
		CITY:			ROAD TOWN
		STATE:			D8
		ZIP:			BVI
</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>0001435880</cik>
        <entityName>PASSPORT SPECIAL OPPORTUNITIES FUND LTD</entityName>
        <issuerAddress>
            <street1>C/O OGIER FIDUCIARY SERVICES (BVI) LTD</street1>
            <street2>NEMOURS CHAMBERS</street2>
            <city>ROAD TOWN</city>
            <stateOrCountry>D8</stateOrCountry>
            <zipCode>BVI</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>415-321-4600</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>VIRGIN ISLANDS, BRITISH</jurisdictionOfInc>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2008</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>Director</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>John H. Burbank III serves both as director and as sole managing member to Passport Capital, LLC which serves as sole managing member to Passport Management, LLC which is the investment manager to Passport Special Opportunities Fund, Ltd</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robert</firstName>
                <middleName></middleName>
                <lastName>Arnott</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>PO Box 31695</street1>
                <street2></street2>
                <city>Grand Cayman</city>
                <stateOrCountry>E9</stateOrCountry>
                <zipCode>KY1-1207</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Peter</firstName>
                <middleName></middleName>
                <lastName>Young</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>PO Box 10957</street1>
                <street2></street2>
                <city>Grand Cayman</city>
                <stateOrCountry>E9</stateOrCountry>
                <zipCode>KY1-1007</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>$50,000,001 - $100,000,000</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-08-040034</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2008-05-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>300000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>52135680</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>16</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>Passport Maagement (invest manager) and Passport Plus (general ptnr of master fund) receive mgmt fees and incent fees from this fund as % of investors capital for mgmt fees and % of performance for incent fees.  Also 2 of 3 directors receive annual fee.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>PASSPORT SPECIAL OPPORTUNITIES FUND LTD</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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