-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 H+l1lxjCX1NpNm+djuCgsIZqiV/wa7r0o6i9RK9dkyIWKuCP1d3UO7iaEr37QMdN
 2lWEsdlhgNqv5MBMsecp3g==

<SEC-DOCUMENT>0000919574-09-006031.txt : 20090316
<SEC-HEADER>0000919574-09-006031.hdr.sgml : 20090316
<ACCEPTANCE-DATETIME>20090316105412
ACCESSION NUMBER:		0000919574-09-006031
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(1)
FILED AS OF DATE:		20090316
DATE AS OF CHANGE:		20090316
EFFECTIVENESS DATE:		20090316

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GENESEE FUND LTD
		CENTRAL INDEX KEY:			0000884020
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D8

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-88402-0N
		FILM NUMBER:		09682819

	BUSINESS ADDRESS:	
		STREET 1:		CITCO BLDG WICKHAMS CAY
		STREET 2:		P O BOX 662 ROAD TOWN
		CITY:			TORTOLA B V I
		STATE:			D8
		ZIP:			00000
		BUSINESS PHONE:		(425) 462-4646

	MAIL ADDRESS:	
		STREET 1:		C/O GENESEE INVESTMENTS LLC
		STREET 2:		10500 N.E. 8TH STREET, SUITE 1920
		CITY:			BELLEVUE
		STATE:			WA
		ZIP:			98004-4332
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0301</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0000884020</cik>
        <entityName>GENESEE FUND LTD</entityName>
        <issuerAddress>
            <street1>c/o Harneys Corporate Services Limited</street1>
            <street2>Craigmuir Chambers, P.O. Box 71</street2>
            <city>Road Town, Tortola</city>
            <stateOrCountry>D8</stateOrCountry>
            <zipCode>VG1110</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(284) 494-2233</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>D8</jurisdictionOfInc>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Donald</firstName>
                <middleName>R.</middleName>
                <lastName>Morken</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Genesee Investments LLC</street1>
                <street2>10500 N.E. 8th Street , Suite 1920</street2>
                <city>Bellevue</city>
                <stateOrCountry>WA</stateOrCountry>
                <zipCode>98004-4332</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Donald R. Morken is an executive officer of Genesee Investments LLC, the General Manager of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Gordon</firstName>
                <middleName>W.</middleName>
                <lastName>Casey</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Harneys Corporate Services Limited</street1>
                <street2>Craigmuir Chambers, P.O. Box 71</street2>
                <city>Road Town, Tortola</city>
                <stateOrCountry>D8</stateOrCountry>
                <zipCode>VG1110</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.1</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2000-04-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>250000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>1765868</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>This is an amendment filing to a Form D previously filed on 6/5/1995</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>87</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>The General Manager (or its affiliate) is entitled to receive an annual management fee in an amount equal to a specified percentage of assets under management.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>true</authorizedRepresentative>
            <signature>
                <issuerName>Genesee Fund Limited</issuerName>
                <signatureName>/s/ Donald R. Morken</signatureName>
                <nameOfSigner>Donald R. Morken</nameOfSigner>
                <signatureTitle>Director of the Issuer</signatureTitle>
                <signatureDate>2009-03-09</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----