-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001181431-08-045256.txt : 20080731
<SEC-HEADER>0001181431-08-045256.hdr.sgml : 20080731
<ACCEPTANCE-DATETIME>20080731163111
ACCESSION NUMBER:		0001181431-08-045256
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080414
FILED AS OF DATE:		20080731
DATE AS OF CHANGE:		20080731

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PNC LONG-SHORT FUND LLC
		CENTRAL INDEX KEY:			0001198145
		IRS NUMBER:				470892578
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		TWO HOPKINS PLAZA
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21201
		BUSINESS PHONE:		800-239-0418

	MAIL ADDRESS:	
		STREET 1:		TWO HOPKINS PLAZA
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MERCANTILE LONG SHORT MANAGER FUND LLC
		DATE OF NAME CHANGE:	20021015

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MERCANTILE LONG SHORT MANAGER FUND INC
		DATE OF NAME CHANGE:	20021011

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PNC INVESTMENT CORP
		CENTRAL INDEX KEY:			0000905582

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-21258
		FILM NUMBER:		08982247

	BUSINESS ADDRESS:	
		STREET 1:		249 FIFTH AVE.
		STREET 2:		ONE PLAZA, 21ST FLOOR
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15222
		BUSINESS PHONE:		2155855350

	MAIL ADDRESS:	
		STREET 1:		222 DELAWARE AVNUE
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19899
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>rrd214176.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2008-04-14</periodOfReport>

    <dateOfOriginalSubmission>2008-07-07</dateOfOriginalSubmission>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001198145</issuerCik>
        <issuerName>PNC LONG-SHORT FUND LLC</issuerName>
        <issuerTradingSymbol>NONE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000905582</rptOwnerCik>
            <rptOwnerName>PNC INVESTMENT CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>300 DELAWARE AVENUE, SUITE 304</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>WILMINGTON</rptOwnerCity>
            <rptOwnerState>DE</rptOwnerState>
            <rptOwnerZipCode>19801</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Limited Liability Company Interest</value>
            </securityTitle>
            <transactionDate>
                <value>2008-04-14</value>
                <footnoteId id="F1"/>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1010019.04</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1010019.04</value>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <valueOwnedFollowingTransaction>
                    <value>23326755.69</value>
                    <footnoteId id="F3"/>
                </valueOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The transaction reported on this amendment to Form 4 is the sale by the reporting person of a portion of its limited liability company interest (the &quot;interests&quot;) to the issuer pursuant to an issuer tender offer.  Under the terms of the offer, the issuer accepted interests that were tendered by the reporting person when the issuer gave written notice on April 14, 2008 to the reporting person of the issuer's election to purchase the interests.  The transaction date listed is the date the reporting person received written notice. However, as noted below, the amount being paid by the issuer is based on the net asset value of the purchased interests on June 30, 2008.</footnote>
        <footnote id="F2">Under the terms of the offer, the reporting person's interests are being purchased by the issuer based on the net asset value of the reporting person's interest(the value of the issuer's assets minus its liabilities, multiplied by the proportionate interest in the issuer of the reporting person's interests purchased in the offer), calculated as of June 30, 2008. On July 31, 2008 the reporting person received a communication from the issuer indicating that the net asset value at June 30, 3008 of the reporting person's interests sold in the tender offer(and, therefore, the price the issuer is paying for the interests) is $1,010,019.04.</footnote>
        <footnote id="F3">The amount reported as beneficially owned following the transaction is equal to the reporting person's capital account balance in the issuer, calculated as of June 30, 2008.  The issuer provided information as to this amount in a July 31, 2008 communication to the reporting person.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/George Long, Assistant Secretary</signatureName>
        <signatureDate>2008-07-31</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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