-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 VBPpoLc7gmaPLcThgFJStB18a1bayTD9QLomjzUrJEnqfFOiZ7NpNzTpmzfjGwrs
 mmG9L64ckOWm05CDbsSE4A==

<SEC-DOCUMENT>0000919574-10-002279.txt : 20100311
<SEC-HEADER>0000919574-10-002279.hdr.sgml : 20100311
<ACCEPTANCE-DATETIME>20100311151341
ACCESSION NUMBER:		0000919574-10-002279
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:		20100311
DATE AS OF CHANGE:		20100311
EFFECTIVENESS DATE:		20100311

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAGNA UMBRELLA FUND PLC / EASTERN EUROPEAN FUND
		CENTRAL INDEX KEY:			0001361750
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-89295
		FILM NUMBER:		10673833

	BUSINESS ADDRESS:	
		STREET 1:		C/O PNC INTERNATIONAL BANK LIMITED
		STREET 2:		RIVERSIDE TWO, SIR JOHN ROGERSON'S QUAY
		CITY:			GRAND CANAL DOCK, DUBLIN 2
		STATE:			L2
		ZIP:			00000
		BUSINESS PHONE:		(011) 353 53 49826

	MAIL ADDRESS:	
		STREET 1:		C/O PNC INTERNATIONAL BANK LIMITED
		STREET 2:		RIVERSIDE TWO, SIR JOHN ROGERSON'S QUAY
		CITY:			GRAND CANAL DOCK, DUBLIN 2
		STATE:			L2
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001361750</cik>
        <entityName>MAGNA UMBRELLA FUND PLC / EASTERN EUROPEAN FUND</entityName>
        <issuerAddress>
            <street1>C/O PNC INTERNATIONAL BANK LIMITED</street1>
            <street2>RIVERSIDE TWO, SIR JOHN ROGERSON'S QUAY</street2>
            <city>GRAND CANAL DOCK, DUBLIN 2</city>
            <stateOrCountry>L2</stateOrCountry>
            <zipCode>00000</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(011) 353 53 49826</issuerPhoneNumber>
        <jurisdictionOfInc>IRELAND</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Other</entityType>
        <entityTypeOtherDesc>Ireland Exempted Company</entityTypeOtherDesc>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <lastName>Shubotham</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Charlemagne Capital (IOM) Limited</street1>
                <street2>St. Mary's Court, 20 Hill Street</street2>
                <city>Douglas, Isle of Man</city>
                <stateOrCountry>X0</stateOrCountry>
                <zipCode>00000</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Fergus</firstName>
                <lastName>Sheridan</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Charlemagne Capital (IOM) Limited</street1>
                <street2>St. Mary's Court, 20 Hill Street</street2>
                <city>Douglas, Isle of Man</city>
                <stateOrCountry>X0</stateOrCountry>
                <zipCode>00000</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Steven</firstName>
                <lastName>Bates</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Charlemagne Capital (IOM) Limited</street1>
                <street2>St. Mary's Court, 20 Hill Street</street2>
                <city>Douglas, Isle of Man</city>
                <stateOrCountry>X0</stateOrCountry>
                <zipCode>00000</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Anderson</firstName>
                <lastName>Whamond</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Charlemagne Capital (IOM) Limited</street1>
                <street2>St. Mary's Court, 20 Hill Street</street2>
                <city>IM1 1EU</city>
                <stateOrCountry>X0</stateOrCountry>
                <zipCode>00000</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Nigel Jonathan</firstName>
                <lastName>Bradley</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Charlemagne Capital (IOM) Limited</street1>
                <street2>St. Mary's Court, 20 Hill Street</street2>
                <city>Douglas, Isle of Man</city>
                <stateOrCountry>X0</stateOrCountry>
                <zipCode>00000</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></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</item>
            <item>3C.1</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0000919574-09-007182</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2006-03-29</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>N/A</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Brown Advisory Securities LLC</associatedBDName>
                <associatedBDCRDNumber>120736</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>901 South Bond Street</street1>
                    <street2>Suite 400</street2>
                    <city>Baltimore</city>
                    <stateOrCountry>MD</stateOrCountry>
                    <zipCode>21231</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>15672017</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>0</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>4</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>The entity listed in Item 12 above may be paid directly or indirectly an amount equal to a percentage of the fee paid to the investment manager, or its affiliate, from the assets under management in respect of introducing investors.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>The investment manager, or its affiliate, is entitled to receive an annual management fee in an amount equal to a specified percentage of assets under management.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>MAGNA UMBRELLA FUND PLC / EASTERN EUROPEAN FUND</issuerName>
                <signatureName>/s/ Adrian Jones</signatureName>
                <nameOfSigner>Adrian Jones</nameOfSigner>
                <signatureTitle>Authorized Signatory</signatureTitle>
                <signatureDate>2010-03-11</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----