-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001013594-09-000657.txt : 20090317
<SEC-HEADER>0001013594-09-000657.hdr.sgml : 20090317
<ACCEPTANCE-DATETIME>20090317151712
ACCESSION NUMBER:		0001013594-09-000657
CONFORMED SUBMISSION TYPE:	D/A
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:		20090317
DATE AS OF CHANGE:		20090317
EFFECTIVENESS DATE:		20090317

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DUNBAR CAPITAL MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001138756
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-60744
		FILM NUMBER:		09687866

	BUSINESS ADDRESS:	
		STREET 1:		405 LEXINGTON AVENUE
		STREET 2:		45TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10174
		BUSINESS PHONE:		(212) 754-9894

	MAIL ADDRESS:	
		STREET 1:		405 LEXINGTON AVENUE
		STREET 2:		45TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10174
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0301</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001138756</cik>
        <entityName>DUNBAR CAPITAL MANAGEMENT LLC</entityName>
        <issuerAddress>
            <street1>405 Lexington Avenue</street1>
            <street2>45th Floor</street2>
            <city>New York</city>
            <stateOrCountry>NY</stateOrCountry>
            <zipCode>10174</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(212) 871-7100</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DE</jurisdictionOfInc>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Eugene</firstName>
                <middleName></middleName>
                <lastName>Major</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>405 Lexington Avenue</street1>
                <street2>45th Floor</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10174</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Mr. Major is the managing member of each of Dunbar Capital Investors, LLC and Dunbar Capital Advisors, LLC, the Issuer's managing members (the &quot;Managing Members&quot;).</relationshipClarification>
        </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>true</isAmendment>
                <previousAccessionNumber>9999999997-03-043641</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>1996-07-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Lincoln Financial Advisors Corp.</recipientName>
                <recipientCRDNumber>3978</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>350 Church Street</street1>
                    <street2>MLFI</street2>
                    <city>Hartford</city>
                    <stateOrCountry>CT</stateOrCountry>
                    <zipCode>06103</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <state>CA</state>
                    <state>CO</state>
                    <state>CT</state>
                    <state>FL</state>
                    <state>IL</state>
                    <state>MD</state>
                    <state>MA</state>
                    <state>MI</state>
                    <state>MN</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>NC</state>
                    <state>OH</state>
                    <state>PA</state>
                    <state>SC</state>
                    <state>TX</state>
                    <state>UT</state>
                    <state>VT</state>
                    <state>VA</state>
                    <state>WA</state>
                    <state>WV</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Summit Equities, Inc.</recipientName>
                <recipientCRDNumber>11039</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4 Campus Drive</street1>
                    <city>Parsippany</city>
                    <stateOrCountry>NJ</stateOrCountry>
                    <zipCode>07054</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CT</state>
                    <state>FL</state>
                    <state>GA</state>
                    <state>MI</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>OR</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>FSC Securities Corporation</recipientName>
                <recipientCRDNumber>7461</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2300 Windy Ridge Parkway</street1>
                    <street2>Suite 1100</street2>
                    <city>Atlanta</city>
                    <stateOrCountry>GA</stateOrCountry>
                    <zipCode>30339</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>CT</state>
                    <state>MA</state>
                    <state>NJ</state>
                    <state>OH</state>
                    <state>RI</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>LPL Financial Services</recipientName>
                <recipientCRDNumber>6413</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>One Beacon Street</street1>
                    <street2>22nd Floor</street2>
                    <city>Boston</city>
                    <stateOrCountry>MA</stateOrCountry>
                    <zipCode>02108</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>TX</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>AXA Advisors, LLC</recipientName>
                <recipientCRDNumber>6627</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1290 Avenue of the Americas</street1>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10104</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>CO</state>
                    <state>NY</state>
                    <state>WI</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Securities America Inc.</recipientName>
                <recipientCRDNumber>10205</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>12325 Port Grace Boulevard</street1>
                    <city>La Vista</city>
                    <stateOrCountry>NE</stateOrCountry>
                    <zipCode>68128</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                    <state>OH</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Strategic Financial Alliance, Inc.</recipientName>
                <recipientCRDNumber>126514</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>8383 Wilshire Boulevard</street1>
                    <street2>Suite 450</street2>
                    <city>Beverly Hills</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>90211</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>PA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Sanders Morris Harris</recipientName>
                <recipientCRDNumber>20580</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>5700 JP Morgan Chase Tower</street1>
                    <street2>600 Travis, Suite 5800</street2>
                    <city>Houston</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <zipCode>77002</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>OH</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Donald K. Gross</recipientName>
                <recipientCRDNumber>1913749</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>20 Hill and Dale Road</street1>
                    <city>Lebanon</city>
                    <stateOrCountry>NJ</stateOrCountry>
                    <zipCode>08833</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>CT</state>
                    <state>FL</state>
                    <state>MA</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>NC</state>
                    <state>PA</state>
                    <state>TX</state>
                    <state>VA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Ryan Beck &amp; Co.</recipientName>
                <recipientCRDNumber>3248</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>18 Columbia Turnpike</street1>
                    <city>Florham Park</city>
                    <stateOrCountry>NJ</stateOrCountry>
                    <zipCode>07932</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NJ</state>
                    <state>NY</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Commonwealth Asset Advisors, LLC</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>29 Sawyer Road</street1>
                    <city>Waltham</city>
                    <stateOrCountry>MA</stateOrCountry>
                    <zipCode>02453</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CT</state>
                    <state>MA</state>
                    <state>NJ</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>68881935</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>210</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>2216181</dollarAmount>
                <isEstimate>true</isEstimate>
            </findersFees>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>778048</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Dunbar Capital Management, L.L.C.</issuerName>
                <signatureName>/s/ Eugene Major</signatureName>
                <nameOfSigner>Eugene Major</nameOfSigner>
                <signatureTitle>Managing Member of the Managing Members</signatureTitle>
                <signatureDate>2009-03-17</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----