-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MC8QYMt0Mns59mr38Ks1gYCO37AvtJ7PmtmairOTDHdtHuYQp3E430vrjPvP0Jjk
 rCek8fBXzCoq7rf74QSOmA==

<SEC-DOCUMENT>0001013594-09-000550.txt : 20090313
<SEC-HEADER>0001013594-09-000550.hdr.sgml : 20090313
<ACCEPTANCE-DATETIME>20090313153847
ACCESSION NUMBER:		0001013594-09-000550
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:		20090313
DATE AS OF CHANGE:		20090313
EFFECTIVENESS DATE:		20090313

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TCM MPS Ltd
		CENTRAL INDEX KEY:			0001418598
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-111088
		FILM NUMBER:		09679918

	BUSINESS ADDRESS:	
		STREET 1:		P.O. Box 705 GT
		CITY:			George Town
		STATE:			e9
		ZIP:			00000
		BUSINESS PHONE:		345-815-7553

	MAIL ADDRESS:	
		STREET 1:		P.O. Box 705 GT
		CITY:			George Town
		STATE:			e9
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0201</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001418598</cik>
        <entityName>TCM MPS Ltd</entityName>
        <issuerAddress>
            <street1>68 Fort Street</street1>
            <city>George Town</city>
            <stateOrCountry>E9</stateOrCountry>
            <zipCode>KY1-1107</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(914) 694-5777</issuerPhoneNumber>
        <issuerPreviousNameList>
            <previousName>TCM-ORYX Short Credit Opportunities Fund, Ltd.</previousName>
        </issuerPreviousNameList>
        <jurisdictionOfInc>E9</jurisdictionOfInc>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2005</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Douglas</firstName>
                <middleName>Michael</middleName>
                <lastName>Troob</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>777 Westchester Avenue</street1>
                <street2>Suite 203</street2>
                <city>White Plains</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10604</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Peter</firstName>
                <middleName>Joseph</middleName>
                <lastName>Troob</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>777 Westchester Avenue</street1>
                <street2>Suite 203</street2>
                <city>White Plains</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10604</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
        </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>9999999997-07-048406</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2007-09-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>125000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Blue Sand Securities LLC</recipientName>
                <recipientCRDNumber>142976</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>610 Professional Drive</street1>
                    <street2>Suite 215</street2>
                    <city>Gaithersburg</city>
                    <stateOrCountry>MD</stateOrCountry>
                    <zipCode>20879</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <state>CA</state>
                    <state>CO</state>
                    <state>CT</state>
                    <state>DC</state>
                    <state>FL</state>
                    <state>GA</state>
                    <state>HI</state>
                    <state>IL</state>
                    <state>IN</state>
                    <state>KY</state>
                    <state>ME</state>
                    <state>MD</state>
                    <state>MA</state>
                    <state>MI</state>
                    <state>MN</state>
                    <state>NV</state>
                    <state>NH</state>
                    <state>NJ</state>
                    <state>NM</state>
                    <state>NY</state>
                    <state>NC</state>
                    <state>OH</state>
                    <state>OR</state>
                    <state>PA</state>
                    <state>RI</state>
                    <state>TN</state>
                    <state>TX</state>
                    <state>UT</state>
                    <state>VA</state>
                    <state>WA</state>
                    <state>WI</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Hamilton Miller Investments LLC</recipientName>
                <recipientCRDNumber>41896</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>5350 South Roslyn Street</street1>
                    <street2>Suite 350</street2>
                    <city>Greenwood Village</city>
                    <stateOrCountry>CO</stateOrCountry>
                    <zipCode>80111</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>CO</state>
                    <state>CT</state>
                    <state>DE</state>
                    <state>FL</state>
                    <state>GA</state>
                    <state>IL</state>
                    <state>MD</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>OH</state>
                    <state>TX</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Lyster Watson Management, Inc./Lyster Watson Securities Inc.</recipientName>
                <recipientCRDNumber>30210</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>888 Seventh Avenue</street1>
                    <street2>40th Floor</street2>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10019</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <state>CA</state>
                    <state>CT</state>
                    <state>DC</state>
                    <state>FL</state>
                    <state>IL</state>
                    <state>MD</state>
                    <state>MA</state>
                    <state>MI</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>NC</state>
                    <state>PA</state>
                    <state>TN</state>
                    <state>TX</state>
                    <state>VT</state>
                    <state>VA</state>
                    <state>WA</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>32263557</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>12</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>50000</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Estimate is amount paid to date.  Finders receive a percentage of management and performance fees received by Investment Manager.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>1692000</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>Estimate is amount of management fees paid to date.  Investment Manager receives management fees of 1.5% per annum of Fund's net asset value.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>TCM MPS Ltd. SPC</issuerName>
                <signatureName>/s/ Douglas Troob</signatureName>
                <nameOfSigner>Douglas Troob</nameOfSigner>
                <signatureTitle>Managing Member, Troob Directors, LLC</signatureTitle>
                <signatureDate>2009-03-13</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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