-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 FzCUKC850alZQYYfTE4GbcA3wzUiifJAaum37uE/QWs973IYXgWqimfr15vfedHm
 CqhmreoTVm9OFEgW0zvidA==

<SEC-DOCUMENT>0001204459-10-001466.txt : 20100623
<SEC-HEADER>0001204459-10-001466.hdr.sgml : 20100623
<ACCEPTANCE-DATETIME>20100623132038
ACCESSION NUMBER:		0001204459-10-001466
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100623
DATE AS OF CHANGE:		20100623
EFFECTIVENESS DATE:		20100623

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Vision Opportunity Fund Trust
		CENTRAL INDEX KEY:			0001494937
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-143897
		FILM NUMBER:		10912272

	BUSINESS ADDRESS:	
		STREET 1:		C/O VISION CAPITAL CORPORATION
		STREET 2:		181 UNIVERSITY AVENUE, SUITE 1410
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 3M7
		BUSINESS PHONE:		416-362-0300

	MAIL ADDRESS:	
		STREET 1:		C/O VISION CAPITAL CORPORATION
		STREET 2:		181 UNIVERSITY AVENUE, SUITE 1410
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 3M7
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001494937</cik>
        <entityName>Vision Opportunity Fund Trust</entityName>
        <issuerAddress>
            <street1>181 UNIVERSITY AVENUE</street1>
            <street2>SUITE 1410</street2>
            <city>TORONTO</city>
            <stateOrCountry>A6</stateOrCountry>
            <stateOrCountryDescription>ONTARIO, CANADA</stateOrCountryDescription>
            <zipCode>M5H 3M7</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>416-362-0300</issuerPhoneNumber>
        <jurisdictionOfInc>ONTARIO, CANADA</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Business Trust</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2008</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>.</firstName>
                <lastName>Vision Capital Corporation</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>181 University Avenue</street1>
                <street2>Suite 1410</street2>
                <city>Toronto</city>
                <stateOrCountry>A6</stateOrCountry>
                <stateOrCountryDescription>ONTARIO, CANADA</stateOrCountryDescription>
                <zipCode>M5H 3M7</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other Real Estate</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-05-14</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>250000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>3779185</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>This is the initial offering of an unlimited number of trust units than can be sold.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>1</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Vision Opportunity Fund Trust</issuerName>
                <signatureName>/s/ Jeffrey F. Olin</signatureName>
                <nameOfSigner>Jeffrey F. Olin</nameOfSigner>
                <signatureTitle>President of Vision Capital Corporation, Manager of Trust</signatureTitle>
                <signatureDate>2010-06-22</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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