<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13D/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001294357</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Shares of Beneficial Interest, par value $ 0.001 per share</securitiesClassTitle>
      <dateOfEvent>10/31/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0002027076</issuerCIK>
        <issuerCUSIP>74350T305</issuerCUSIP>
        <issuerName>Prospect Enhanced Yield Fund</issuerName>
        <address>
          <com:street1>10 EAST 40TH STREET, 42ND FLOOR</com:street1>
          <com:city>NEW YORK</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10016</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>John F. Barry III</personName>
          <personPhoneNum>212-448-1858</personPhoneNum>
          <personAddress>
            <com:street1>700 S. Rosemary Avenue, Suite 204</com:street1>
            <com:city>West Palm Beach</com:city>
            <com:stateOrCountry>FL</com:stateOrCountry>
            <com:zipCode>33401</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0001294357</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Barry John F</reportingPersonName>
        <fundType>OO</fundType>
        <fundType>WC</fundType>
        <legalProceedings>N</legalProceedings>
        <soleVotingPower>1011575.85</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>1011575.85</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>1011575.85</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>86.8</percentOfClass>
        <typeOfReportingPerson>OO</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0002009659</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>John &amp; Daria Barry Foundation</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>FL</citizenshipOrOrganization>
        <soleVotingPower>1011575.85</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>1011575.85</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>1011575.85</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>86.8</percentOfClass>
        <typeOfReportingPerson>OO</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Shares of Beneficial Interest, par value $ 0.001 per share</securityTitle>
        <issuerName>Prospect Enhanced Yield Fund</issuerName>
        <issuerPrincipalAddress>
          <com:street1>10 EAST 40TH STREET, 42ND FLOOR</com:street1>
          <com:city>NEW YORK</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10016</com:zipCode>
        </issuerPrincipalAddress>
      </item1>
      <item3>
        <fundsSource>Item 3 is amended by adding the following:
Since the filing of the Original Schedule 13D on August 7, 2025: the Foundation acquired an aggregate of 7,575.85 Shares through the Issuer's distribution reinvestment plan.
Item 5 of this Schedule 13D/A is incorporated herein by reference.</fundsSource>
      </item3>
      <item5>
        <percentageOfClassSecurities>The information set forth in rows 7 through 13 of the cover pages to this Schedule 13D is incorporated herein by reference. The percentage set forth in row 13 is based on 1,165,108.12 Shares outstanding as of November 7, 2025, as reported by the Issuer. As of the date hereof, the Foundation directly holds 1,011,575.85 Shares. Mr. Barry has sole voting and dispositive power over the shares held by the Foundation. </percentageOfClassSecurities>
        <numberOfShares>The information set forth in rows 7 through 13 of the cover pages to this Schedule 13D/A is incorporated herein by reference. The percentage set forth in row 13 is based on 1,165,108.12 Shares outstanding as of November 7, 2025, as reported by the Issuer. As of the date hereof, the Foundation directly holds 1,011,575.85 Shares. Mr. Barry has sole voting and dispositive power over the shares held by the Foundation. </numberOfShares>
        <transactionDesc>On October 31, 2025, John. F. Barry and the John and Daria Barry Foundation received a dividend of 7,575.85 Shares at a weighted average price per share of $25.18.</transactionDesc>
        <listOfShareholders>N/A</listOfShareholders>
        <date5PercentOwnership>N/A</date5PercentOwnership>
      </item5>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Barry John F</signatureReportingPerson>
        <signatureDetails>
          <signature>John F Barry</signature>
          <title>John F Barry</title>
          <date>11/07/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>John &amp; Daria Barry Foundation</signatureReportingPerson>
        <signatureDetails>
          <signature>Barry John F</signature>
          <title>Barry John F</title>
          <date>11/07/2025</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>
</edgarSubmission>
