-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000859053-10-000001.txt : 20100916
<SEC-HEADER>0000859053-10-000001.hdr.sgml : 20100916
<ACCEPTANCE-DATETIME>20100916170048
ACCESSION NUMBER:		0000859053-10-000001
CONFORMED SUBMISSION TYPE:	D
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:		20100916
DATE AS OF CHANGE:		20100916
EFFECTIVENESS DATE:		20100916

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NEWSOUTH SPECIAL EQUITIES L P
		CENTRAL INDEX KEY:			0000859053
		IRS NUMBER:				621414490
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-147873
		FILM NUMBER:		101076485

	BUSINESS ADDRESS:	
		STREET 1:		1100 RIDGEWAY LOOP ROAD
		STREET 2:		SUITE 444
		CITY:			MEMPHIS
		STATE:			TN
		ZIP:			38120
		BUSINESS PHONE:		901-761-5561

	MAIL ADDRESS:	
		STREET 1:		1100 RIDGEWAY LOOP ROAD
		STREET 2:		SUITE 444
		CITY:			MEMPHIS
		STATE:			TN
		ZIP:			38120
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0000859053</cik>
        <entityName>NEWSOUTH SPECIAL EQUITIES L P</entityName>
        <issuerAddress>
            <street1>1100 RIDGEWAY LOOP ROAD</street1>
            <street2>SUITE 444</street2>
            <city>MEMPHIS</city>
            <stateOrCountry>TN</stateOrCountry>
            <stateOrCountryDescription>TENNESSEE</stateOrCountryDescription>
            <zipCode>38120</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>901-761-5561</issuerPhoneNumber>
        <jurisdictionOfInc>TENNESSEE</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>Paul</firstName>
                <middleName>Trowbridge</middleName>
                <lastName>Gillespie, Jr.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1100 Ridgeway Loop Rd</street1>
                <street2>Suite 444</street2>
                <city>Memphis</city>
                <stateOrCountry>TN</stateOrCountry>
                <stateOrCountryDescription>TENNESSEE</stateOrCountryDescription>
                <zipCode>38120</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Mr. Gillespie is an executive officer and director of NewSouth Capital Management Inc., General Partner of the Issuer and Investment Manager of its assets.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <middleName>Stephen</middleName>
                <lastName>Morrow</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1100 Ridgeway Loop Road</street1>
                <street2>Suite 444</street2>
                <city>Memphis</city>
                <stateOrCountry>TN</stateOrCountry>
                <stateOrCountryDescription>TENNESSEE</stateOrCountryDescription>
                <zipCode>38120</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Mr. Morrow is an executive officer and director of NewSouth Capital Management, Inc., General Partner of the Issuer and Investment Manager of its assets.</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>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>1990-01-02</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>500000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>100000000</totalOfferingAmount>
            <totalAmountSold>63536356</totalAmountSold>
            <totalRemaining>36463644</totalRemaining>
            <clarificationOfResponse>The Issuer has not established a definite maximum offering amount.  $100,000,000 is an estimate.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>3</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>100</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>NewSouth Capital Management, Inc. is general partner and investment manager of the Issuer's assets.  Pursuant to the terms of the investment management agreement, NewSouth Capital Management, Inc. receives an annual management fee for its advisory service</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>NEWSOUTH SPECIAL EQUITIES L P</issuerName>
                <signatureName>David M. Newman</signatureName>
                <nameOfSigner>David M. Newman</nameOfSigner>
                <signatureTitle>Vice President</signatureTitle>
                <signatureDate>2010-09-16</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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