<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001493989</cik>
        <entityName>MCBT European Select Fund, a series of Martin Currie Business Trust</entityName>
        <issuerAddress>
            <street1>C/O MARTIN CURRIE, INC.</street1>
            <street2>SALTIRE COURT, 20 CASTLE TERRACE</street2>
            <city>EDINBURGH, SCOTLAND</city>
            <stateOrCountry>X0</stateOrCountry>
            <stateOrCountryDescription>UNITED KINGDOM</stateOrCountryDescription>
            <zipCode>EH1 2ES</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>011-44-131-229-5252</issuerPhoneNumber>
        <jurisdictionOfInc>MASSACHUSETTS</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>MCBT Pan European Select Fund, a series of Martin Currie Business Trust</previousName>
        </edgarPreviousNameList>
        <entityType>Business Trust</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>TIMOTHY</firstName>
                <middleName>J.D.</middleName>
                <lastName>HALL</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O MARTIN CURRIE, INC.</street1>
                <street2>SALTIRE COURT, 20 CASTLE TERRACE</street2>
                <city>EDINBURGH, SCOTLAND</city>
                <stateOrCountry>X0</stateOrCountry>
                <stateOrCountryDescription>UNITED KINGDOM</stateOrCountryDescription>
                <zipCode>EH1 2ES</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>TRUSTEE AND PRESIDENT</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>SIMON</firstName>
                <middleName>D.</middleName>
                <lastName>ECCLES</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O MARTIN CURRIE, INC.</street1>
                <street2>SALTIRE COURT, 20 CASTLE TERRACE</street2>
                <city>EDINBURGH, SCOTLAND</city>
                <stateOrCountry>X0</stateOrCountry>
                <stateOrCountryDescription>UNITED KINGDOM</stateOrCountryDescription>
                <zipCode>EH1 2ES</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>TRUSTEE</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>PATRICK</firstName>
                <middleName>R.</middleName>
                <lastName>WILMERDING</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O MARTIN CURRIE, INC.</street1>
                <street2>SALTIRE COURT, 20 CASTLE TERRACE</street2>
                <city>EDINBURGH, SCOTLAND</city>
                <stateOrCountry>X0</stateOrCountry>
                <stateOrCountryDescription>UNITED KINGDOM</stateOrCountryDescription>
                <zipCode>EH1 2ES</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>TRUSTEE</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>RALPH</firstName>
                <middleName>M.</middleName>
                <lastName>CAMPBELL</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O MARTIN CURRIE, INC.</street1>
                <street2>SALTIRE COURT, 20 CASTLE TERRACE</street2>
                <city>EDINBURGH, SCOTLAND</city>
                <stateOrCountry>X0</stateOrCountry>
                <stateOrCountryDescription>UNITED KINGDOM</stateOrCountryDescription>
                <zipCode>EH1 2ES</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>VICE PRESIDENT AND TREASURER</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>GRANT</firstName>
                <lastName>SPENCE</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O MARTIN CURRIE, INC.</street1>
                <street2>SALTIRE COURT, 20 CASTLE TERRACE</street2>
                <city>EDINBURGH, SCOTLAND</city>
                <stateOrCountry>X0</stateOrCountry>
                <stateOrCountryDescription>UNITED KINGDOM</stateOrCountryDescription>
                <zipCode>EH1 2ES</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>CHIEF COMPLIANCE OFFICER AND CLERK</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>GARY</firstName>
                <lastName>LOGAN</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O MARTIN CURRIE, INC.</street1>
                <street2>SALTIRE COURT, 20 CASTLE TERRACE</street2>
                <city>EDINBURGH, SCOTLAND</city>
                <stateOrCountry>X0</stateOrCountry>
                <stateOrCountryDescription>UNITED KINGDOM</stateOrCountryDescription>
                <zipCode>EH1 2ES</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>VICE PRESIDENT</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>true</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001499269-10-000005</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2002-06-06</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>1000000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>MARTIN CURRIE INVESTOR SERVICES, INC.</recipientName>
                <recipientCRDNumber>39256</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1350 AVENUE OF THE AMERICAS</street1>
                    <street2>SUITE 3010</street2>
                    <city>NEW YORK</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10019</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>MN</state>
                    <description>MINNESOTA</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>NJ</state>
                    <description>NEW JERSEY</description>
                    <state>PA</state>
                    <description>PENNSYLVANIA</description>
                    <state>DC</state>
                    <description>DISTRICT OF COLUMBIA</description>
                    <state>ME</state>
                    <description>MAINE</description>
                    <state>MT</state>
                    <description>MONTANA</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>73786119</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>31</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>MCBT European Select Fund, a series of Martin Currie Business Trust</issuerName>
                <signatureName>TIMOTHY J.D. HALL</signatureName>
                <nameOfSigner>TIMOTHY J.D. HALL</nameOfSigner>
                <signatureTitle>TRUSTEE AND PRESIDENT</signatureTitle>
                <signatureDate>2010-09-08</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
