UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                  FORM 13F

                            FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: September 30, 2011

Check here if Amendment [  ]; Amendment Number:
This amendment (Check only one.): [ ] is a restatement.
                                  [ ] adds new holdings entries.

Institutional Investment Manager Filing this Report:
Name:     Cumberland Associates
Address:  767 Third Avenue 39th Floor
          New York, NY 10017

13 File Number: 28-1010

The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct, and complete, and
and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form


Person Signing this Report on Behalf of Reporting Manager:

Name:      Gary Tynes
Title:     CFO
Phone:
Signature, Place and Date of Signing:

    Gary Tynes  November 8, 2011


Report Type (Check only one.):
[ X]        13F HOLDINGS REPORT.
[  ]        13F NOTICE.
[  ]        13F COMBINATION REPORT.


I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934

                           FORM 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:         0

Form 13F Information Table Entry Total:    25

Form 13F Information Table Value Total:    133458



List of Other Included Managers:

 No.  13F File Number     Name

 01   28-1010             CUMBERLAND ASSOCIATES2
 02

               
                                                                FORM 13F INFORMATION TABLE
                                                              VALUE   SHARES/ SH/ PUT/ INVSTMT   OTHER        VOTING AUTHORITY
           NAME OF ISSUER        TITLE OF CLASS     CUSIP   x($1000) PRN AMT  PRN CALL DISCRETN MANAGERS   SOLE    SHARED    NONE
  ------------------------------ ---------------- --------- -------- -------- --- ---- -------- --------- -------- -------- --------
D ANADARKO PETE CORP  COM STK    COMMON STOCK     032511107     7070   112128 SH       SOLE     0102        106195     5933     0
D APPLE INC  COM STK             COMMON STOCK     037833100     9503    24922 SH       SOLE     0102         23603     1319     0
D ASCENA RETAIL GROUP INC  COM   COMMON STOCK     04351G101     5008   185000 SH       SOLE     0102        174623    10377     0
D CARDIONET INC                  COMMON STOCK     14159L103      770   256638 SH       SOLE     0102        239200    17438     0
D COMCAST CORP CL A COM STK      COMMON STOCK     20030N101     6521   311704 SH       SOLE     0102        295280    16424     0
D CVR ENERGY INC COM STK         COMMON STOCK     12662P108      211    10000 SH       SOLE     0102          9434      566     0
D CYS INVESTMENTS INC COM STK R  REITS/RICS       12673A108     1209   100000 SH       SOLE     0102         93014     6986     0
D DOLLAR THRIFTY AUTOMOTIVE  GR  COMMON STOCK     256743105     1351    24005 SH       SOLE     0102         22714     1291     0
D HARVEST NATURAL RESOURCES INC  COMMON STOCK     41754V103    12782  1491474 SH       SOLE     0102       1411977    79497     0
D HERTZ GLOBAL HOLDING           COMMON STOCK     42805T105     8868   996429 SH       SOLE     0102        940317    56112     0
D LAS VEGAS SANDS CORP COM STK   COMMON STOCK     517834107     5253   137000 SH       SOLE     0102        129784     7216     0
D LIBERTY MEDIA CORP C  INTER A  COMMON STOCK     53071M104    14391   974970 SH       SOLE     0102        919802    55168     0
D MAGNUM HUNTER RES CORP         COMMON STOCK     55973B102     1246   376500 SH       SOLE     0102        355205    21295     0
D MICROSOFT CORP COM STK         COMMON STOCK     594918104     3403   136715 SH       SOLE     0102        129490     7225     0
D MURPHY OIL CORP COM STK        COMMON STOCK     626717102     7286   165000 SH       SOLE     0102        155704     9296     0
D OCCIDENTAL PETE CORP           COMMON STOCK     674599105    14062   196668 SH       SOLE     0102        185440    11228     0
D SEAGATE TECHNOLOGY COM STK     COMMON STOCK     G7945M107     2004   195000 SH       SOLE     0102        184064    10936     0
D SIGNET JEWELERS LTD COM STK    COMMON STOCK     G81276100     1690    50000 SH       SOLE     0102         47166     2834     0
D TARGET CORP  COM STK           COMMON STOCK     87612E106     6066   123700 SH       SOLE     0102        116687     7013     0
D TRANSATLANTIC PETE C ORP COM S COMMON STOCK     G89982105      782   953600 SH       SOLE     0102        904123    49477     0
D TRIANGLE PETE CORP  COM STK    COMMON STOCK     89600B201     2201   613131 SH       SOLE     0102        580623    32508     0
D VIACOM INC CL B COM STK        COMMON STOCK     92553P201     6243   161159 SH       SOLE     0102        152040     9119     0
D VODAFONE GROUP PLC SP ADR      ADRS STOCKS      92857W209    11337   441800 SH       SOLE     0102        418574    23226     0
D VISTEON CORPORATION COMMON STK COMMON STOCK     92839U206      250     5820 SH       SOLE     0102          5820        0     0
D YAHOO INC COM STK              OPTIONS-CALLS    990D55Q38     3951   300000 SH  CALL SOLE     0102        280100    19900     0
S REPORT SUMMARY                 25 DATA RECORDS              133458       0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED