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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001140361-10-034418.txt : 20100819
<SEC-HEADER>0001140361-10-034418.hdr.sgml : 20100819
<ACCEPTANCE-DATETIME>20100819170349
ACCESSION NUMBER:		0001140361-10-034418
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Section 3(c)(1)
FILED AS OF DATE:		20100819
DATE AS OF CHANGE:		20100819
EFFECTIVENESS DATE:		20100819

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KDP DEFENSIVE HIGH YIELD FUND LP
		CENTRAL INDEX KEY:			0001236718
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-55625
		FILM NUMBER:		101028357

	BUSINESS ADDRESS:	
		STREET 1:		24 ELM STREET
		CITY:			MONTPELIER
		STATE:			VT
		ZIP:			05602
		BUSINESS PHONE:		8022230440

	MAIL ADDRESS:	
		STREET 1:		24 ELM STREET
		CITY:			MONTPELIER
		STATE:			VT
		ZIP:			05602
</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>0001236718</cik>
        <entityName>KDP DEFENSIVE HIGH YIELD FUND LP</entityName>
        <issuerAddress>
            <street1>24 ELM STREET</street1>
            <city>MONTPELIER</city>
            <stateOrCountry>VT</stateOrCountry>
            <stateOrCountryDescription>VERMONT</stateOrCountryDescription>
            <zipCode>05602</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>8022230440</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>n/a</firstName>
                <middleName>n/a</middleName>
                <lastName>KDP Asset Management, Inc.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>24 Elm Street</street1>
                <city>Montpelier</city>
                <stateOrCountry>VT</stateOrCountry>
                <stateOrCountryDescription>VERMONT</stateOrCountryDescription>
                <zipCode>05602</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>The general partner (&quot;General Partner&quot;) and investment manager (&quot;Investment Manager&quot;) of the Issuer.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kingman</firstName>
                <middleName>D</middleName>
                <lastName>Penniman</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>24 Elm Street</street1>
                <city>Montpelier</city>
                <stateOrCountry>VT</stateOrCountry>
                <stateOrCountryDescription>VERMONT</stateOrCountryDescription>
                <zipCode>05602</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Principal of the Issuer's General Partner and Investment Manager.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kathleen</firstName>
                <middleName>A</middleName>
                <lastName>News</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>24 Elm Street</street1>
                <city>Montpelier</city>
                <stateOrCountry>VT</stateOrCountry>
                <stateOrCountryDescription>VERMONT</stateOrCountryDescription>
                <zipCode>05602</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Principal of the Issuer's General Partner and Investment Manager.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Justin</firstName>
                <lastName>Monteith</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>24 Elm Street</street1>
                <city>Montpelier</city>
                <stateOrCountry>VT</stateOrCountry>
                <stateOrCountryDescription>VERMONT</stateOrCountryDescription>
                <zipCode>05602</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Principal of the Issuer's General Partner and Investment Manager.</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C.1</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-03-023072</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2003-05-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Offering of limited partnership interests of KDP Defensive High Yield Fund, L.P.</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>250000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>63431109</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>Minimum Investment in Item 11 may be reduced at the discretion of the General Partner. The amounts sold and the number of investors on this Form D do not take withdrawals
into consideration.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>108</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>Certain persons named in Item 3 or affiliates thereof may receive payments deemed to be made from the proceeds of the offering, including management fees and/or performance
allocations. The amount of such fees cannot be estimated at this time.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>KDP DEFENSIVE HIGH YIELD FUND LP</issuerName>
                <signatureName>/s/ Kingman D. Penniman</signatureName>
                <nameOfSigner>Kingman D. Penniman</nameOfSigner>
                <signatureTitle>President of the Issuer's General Partner</signatureTitle>
                <signatureDate>2010-08-13</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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