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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 20, 2009

GRANT PARK FUTURES FUND

LIMITED PARTNERSHIP
(Exact Name of Registrant as Specified in its Charter)

____________________________

Illinois 000-50316 36-3596839

(State or other jurisdiction (Commission file number) (I.R.S. employer
of incorporation) identification no.)

c/o Dearborn Capital Management, L.L.C. 60661

555 West Jackson Blvd., Suite 600 (Zip Code)
Chicago, Illinois
(Address of principal executive offices)

Registrant’s telephone number, including area code: (312) 756-4450

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (See General Instruction A.2 below):

® Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

® Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

® Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

® Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 7.01. Regulation FD Disclosure.

Attached as Exhibit 99.1 is a copy of the Weekly Commentary for the week ended February 20, 2009 of Grant Park Futures Fund
Limited Partnership, which is incorporated herein by reference.

Note: the information in this report (including the exhibit) is furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for
the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, or incorporated by
reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific
reference in such a filing. This report will not be deemed a determination or an admission as to the materiality of any information in the report
that is required to be disclosed solely by Regulation FD.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.

GRANT PARK FUTURES FUND LIMITED PARTNERSHIP

By: Dearborn Capital Management, L.L.C.

Date: February 24, 2009
By: /s/Maureen O'Rourke
Maureen O’Rourke
Chief Financial Officer

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INDEX TO EXHIBITS

Exhibit

99.1 Weekly Commentary for the Week Ended February 20, 2009

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EXHIBIT 99.1

Sponsored by
grant park logo
dearbon capital logo

Commentary for the Week Ended February 20, 2009

GRANT PARK WEEKLY PERFORMANCE STATISTICS*

2/20/2009

Weekly ROR MTD ROR YTD ROR

Class A Units 0.74% 0.36% -0.55%
Class B Units 0.72% 0.31% -0.67%

S&P 500 Total Return Index** -6.75% -6.45% -14.33%

Lehman Long Government Index** 1.27% 1.24% -7.37%
* Subject to independent verification
** Index is unmanaged and is not available for direct investment. Please see Indices Overview (below) for more
information. Weekly RORs are calculated using data acquired through Bloomberg.

Performance Analysis***

*** The charts above are compiled using unaudited ROR estimates. Data is subject to independent verification

Sector Commentary
Equity Indices
● Grant Park’s positions in the equity indices markets are predominantly short.
¤ Contributing to profits were declines in the S&P 500, which fell below 800 as jobless claims increased again last
week. Also pushing the U.S. equity markets lower was speculation that the U.S. government may soon move to
nationalize a major U.S. bank.
¤ Short positions across the Asian equity markets registered gains this past week. Weak export data and poor investor
response to recent stimulus activity put pressure on the Asian share markets. Among the top performers were
positions in the Nikkei 225, Hang Seng, and MSCI Taiwan Indices.

ALL PERFORMANCE REPORTED IS NET OF FEES AND EXPENSES

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

FUTURES TRADING INVOLVES A HIGH DEGREE OF RISK AND IS NOT SUITABLE FOR ALL INVESTORS
THIS DOES NOT CONSTITUTE AN OFFER OF ANY SECURITY FOR SALE, OFFERING BY PROSPECTUS ONLY

INFORMATION IN THIS COMMENTARY IS DRAWN FROM VARIOUS SOURCES THAT ARE DEEMED TO BE
RELIABLE. HOWEVER, THE INFORMATION IS NOT AUDITED BY DEARBORN CAPITAL. IN ADDITION,
DEARBORN CAPITAL DRAWS UPON THIS INFORMATION TO MAKE ITS OWN ASSUMPTIONS WHICH COULD
BE CONSIDERED DEARBORN CAPITAL’S OPINION. DEARBORN CAPITAL BELIEVES THAT ANY SUCH
STATEMENTS OF OPINION HAVE A REASONABLE BASIS IN FACT.
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Sponsored by
grant park logo
dearbon capital logo

Agriculturals/Softs
● Grant Park’s positions in the grains, livestock and softs markets are mixed.
¤ Short positions in the lean hogs markets were a strong source of profits this past week. The price of lean hogs dipped
in excess of 9% fueled by falling feed prices and a decrease in demand.
¤ Short positions in the grain markets gained as prices fell throughout the week, spurred lower on concern that the
contraction of the global economy would dampen demand. A rally in the US dollar also contributed to weaker grain
prices.

Fixed Income
● Grant Park’s positions in the domestic and international fixed income markets are predominantly long.
¤ Declines in the fixed income markets partially offset total portfolio gains. Long positions in the euroyen, euribor, and
short sterling markets sustained setbacks as prices in the debt markets fell throughout the week.
¤ Losses were also incurred in the German bund market after prices declined in response to better than expected German
consumer confidence data.

**Indices Overview
Standard and Poor’s 500 Total Return Index (S&P 500 Index) – A weighted index of the 500 stocks in the S&P 500 Index, which are
chosen by Standard and Poor’s based on industry representation, liquidity, and stability. The stocks in the S&P 500 Index are not
the 500 largest companies, rather the index is designed to capture the returns of many different sectors of the U.S. economy. The
total return calculation includes the price-plus-gross cash dividend return.

Lehman Brothers U.S. Long Government Index – A benchmark comprised of the Lehman Brothers U.S. Treasury and U.S. Agency
indices. The U.S. Long Government Index includes Treasuries (public obligations of the U.S. Treasury that have remaining maturities
of more than ten years) and U.S. agency debentures (publicly issued debt of U.S. Government agencies, quasi-federal corporations,
and corporate or foreign debt guaranteed by the U.S. Government). The U.S. Government Index is a component of the Lehman U.S.
Government Index.

ALL PERFORMANCE REPORTED IS NET OF FEES AND EXPENSES

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

FUTURES TRADING INVOLVES A HIGH DEGREE OF RISK AND IS NOT SUITABLE FOR ALL INVESTORS
THIS DOES NOT CONSTITUTE AN OFFER OF ANY SECURITY FOR SALE, OFFERING BY PROSPECTUS ONLY

INFORMATION IN THIS COMMENTARY IS DRAWN FROM VARIOUS SOURCES THAT ARE DEEMED TO BE
RELIABLE. HOWEVER, THE INFORMATION IS NOT AUDITED BY DEARBORN CAPITAL. IN ADDITION,
DEARBORN CAPITAL DRAWS UPON THIS INFORMATION TO MAKE ITS OWN ASSUMPTIONS WHICH COULD
BE CONSIDERED DEARBORN CAPITAL’S OPINION. DEARBORN CAPITAL BELIEVES THAT ANY SUCH
STATEMENTS OF OPINION HAVE A REASONABLE BASIS IN FACT.
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