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): September 1, 2012

                             ORION FUTURES FUND L.P.
             (Exact name of registrant as specified in its charter)

   New York                     0-50271                     22-3644546
--------------                  ------------------            ------------------
(State or other          (Commission File         (IRS Employer
jurisdiction of               Number)                Identification No.)

                        c/o Ceres Managed Futures LLC
                           522 Fifth Avenue - 14th Floor
                               New York, NY 10036

              (Address and Zip Code of principal executive offices)

       Registrant's telephone number, including area code: (855) 672-4468

                                 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))



Item 3.02 Unregistered Sales of Equity Securities
     On September 1, 2012, the registrant issued  7,289.1730 limited partnership interest
(“Units”) in  exchange  for $20,486,149 in a transaction  that was not  registered  under the
Act. The Units were issued in reliance  upon  applicable  exemptions  from  registration under
Section 4(2) of the Act and Section 506 of Regulation D promulgated thereunder.




     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.


       By: Ceres Managed Futures LLC
           General Partner

       By  /s/ Walter Davis
              Walter Davis
              President and Director


       By  /s/ Damian George
               Damian George
               Chief Financial Officer

Date: September 6, 2012



                             Ceres Managed Futures LLC
                           522 Fifth Avenue - 14th Floor
                               New York, NY 10036

September 6, 2012

Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549

Re:      Orion Futures Fund L.P.
            Current Report on Form 8-K

Ladies and Gentlemen:

On behalf of Orion Futures Fund L.P. and pursuant to Rule 13a-11  promulgated by
the Securities and Exchange Commission (the "Commission"),  we transmit herewith
for filing with the  Commission  via EDGAR a Current Report on Form 8-K pursuant
to the Securities Exchange Act of 1934 and the rules and regulations thereunder.

Should  members of the  Commission's  staff have any  questions or comments with
respect to this filing, please contact the undersigned at (212) 296-1296.

Very truly yours,

/s/ Delores Jaramillo
    Delores Jaramillo