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:    Amber Capital LP
Address: 900 Third Avenue
         Suite 200
         New York, NY  10022

13F File Number:  028-11675

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 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:      Samuel Jed Rubin
Title:     General Counsel
Phone:     212-340-7330

Signature, Place, and Date of Signing:

 /s/    Samuel Jed Rubin     New York, NY/USA     November 14, 2011

Report Type (Check only one.):

[ X]         13F HOLDINGS REPORT.

[  ]         13F NOTICE.

[  ]         13F COMBINATION REPORT.



                              FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:         0

Form 13F Information Table Entry Total:    8

Form 13F Information Table Value Total:    $406,466 (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.

NONE



             
                                                     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 DSCRETN MANAGERS         SOLE   SHARED     NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
GRAN TIERRA ENERGY INC         COM              38500T101    74482 15648706 SH       SOLE                 15648706        0        0
MARKET VECTORS ETF TR          JR GOLD MINERS E 57060U589     7038   250000 SH  PUT  SOLE                   250000        0        0
PETROBRAS ARGENTINA S A        SPONS ADR        71646J109      755    54877 SH       SOLE                    54877        0        0
SPDR GOLD TRUST                GOLD SHS         78463V107   202317  1280000 SH  PUT  SOLE                  1280000        0        0
SPDR S&P 500 ETF TR            TR UNIT          78462F103    69022   610000 SH  PUT  SOLE                   610000        0        0
SPDR SERIES TRUST              S&P RETAIL ETF   78464A714    23110   500000 SH  PUT  SOLE                   500000        0        0
TRANSPORTADORA DE GAS SUR      SPON ADR B       893870204      937   302262 SH       SOLE                   302262        0        0
WALTER ENERGY INC              COM              93317Q105    28805   480000 SH  CALL SOLE                   480000        0        0