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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 0HDPQ8JpcyYkQxB2rFcgXA==

<SEC-DOCUMENT>0001170070-11-000003.txt : 20110112
<SEC-HEADER>0001170070-11-000003.hdr.sgml : 20110112
<ACCEPTANCE-DATETIME>20110112132914
ACCESSION NUMBER:		0001170070-11-000003
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)(7)
FILED AS OF DATE:		20110112
DATE AS OF CHANGE:		20110112
EFFECTIVENESS DATE:		20110112

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARCHSTONE ABSOLUTE RETURN STRATEGIES FUND, LTD.
		CENTRAL INDEX KEY:			0001170070
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-41286
		FILM NUMBER:		11525104

	BUSINESS ADDRESS:	
		STREET 1:		C/O DMS CORPORATE SERVICES LTD.
		STREET 2:		20 GENESIS CLOSE DMS HOUSE
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1108
		BUSINESS PHONE:		345-749-2559

	MAIL ADDRESS:	
		STREET 1:		C/O DMS CORPORATE SERVICES LTD.
		STREET 2:		20 GENESIS CLOSE DMS HOUSE
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1108

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARCHSTONE MARKET NEUTRAL STRATEGIES FUND LTD
		DATE OF NAME CHANGE:	20020327
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001170070</cik>
        <entityName>ARCHSTONE ABSOLUTE RETURN STRATEGIES FUND, LTD.</entityName>
        <issuerAddress>
            <street1>dms Corporate Services Ltd.</street1>
            <street2>dms House, 20 Genesis Close</street2>
            <city>GRAND CAYMAN</city>
            <stateOrCountry>E9</stateOrCountry>
            <stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
            <zipCode>KY1-1108</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>011-5999-732-2222</issuerPhoneNumber>
        <jurisdictionOfInc>CAYMAN ISLANDS</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>ARCHSTONE MARKET NEUTRAL STRATEGIES FUND LTD</previousName>
        </edgarPreviousNameList>
        <entityType>Other</entityType>
        <entityTypeOtherDesc>A Cayman Islands Exempted Company with Limited Liability</entityTypeOtherDesc>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Joseph</firstName>
                <lastName>Pignatelli</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>360 Madison Avenue, 20th Floor</street1>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                <zipCode>10017</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Alfred</firstName>
                <middleName>J.</middleName>
                <lastName>Shuman</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>360 Madison Avenue, 20th Floor</street1>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                <zipCode>10017</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <lastName>Bree</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>dms Corporate Services Ltd.</street1>
                <street2>dms House, 20 Genesis Close</street2>
                <city>Grand Cayman</city>
                <stateOrCountry>E9</stateOrCountry>
                <stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
                <zipCode>KY1-1108</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></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.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001170070-09-000005</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2002-01-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Morgan Keegan and Company, Inc.</recipientName>
                <recipientCRDNumber>4161</recipientCRDNumber>
                <associatedBDName>Morgan Keegan and Company, Inc.</associatedBDName>
                <associatedBDCRDNumber>4161</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>Fifty Front Street, Morgan Keegan Tower</street1>
                    <city>Memphis</city>
                    <stateOrCountry>TN</stateOrCountry>
                    <stateOrCountryDescription>TENNESSEE</stateOrCountryDescription>
                    <zipCode>38103-9980</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>395946295</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>66</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>197212</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Estimate is based upon a percentage of the portion of the AUM contributed through the sales efforts of Morgan Keegan an Company, Inc. from the inception of the Fund through next year. Prior to 05', the fees were paid by the Fund,...CONTINUED ON ITEM #16</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>CONTINUED FROM ITEM #15...and thereafter the fees were paid by A.P. Management Company, LLC, the Investment Manager of the Issuer.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>ARCHSTONE ABSOLUTE RETURN STRATEGIES FUND, LTD.</issuerName>
                <signatureName>Joseph Pignatelli, Jr.</signatureName>
                <nameOfSigner>Joseph Pignatelli, Jr.</nameOfSigner>
                <signatureTitle>Director</signatureTitle>
                <signatureDate>2011-01-11</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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