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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001403528-10-000002.txt : 20100203
<SEC-HEADER>0001403528-10-000002.hdr.sgml : 20100203
<ACCEPTANCE-DATETIME>20100202185853
ACCESSION NUMBER:		0001403528-10-000002
CONFORMED SUBMISSION TYPE:	13F-NT
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20091231
FILED AS OF DATE:		20100203
DATE AS OF CHANGE:		20100202
EFFECTIVENESS DATE:		20100203

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Oaktree Capital Group, LLC
		CENTRAL INDEX KEY:			0001403528
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-NT
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-12811
		FILM NUMBER:		10568424

	BUSINESS ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE
		STREET 2:		28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
		BUSINESS PHONE:		(213) 830-6300

	MAIL ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE
		STREET 2:		28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-NT
<SEQUENCE>1
<FILENAME>r13fnt4q09ocgllc.txt
<DESCRIPTION>OAKTREE CAPITAL GROUP, LLC 13 NOTICE 12-31-09
<TEXT>
FORM 13F

	FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: December 31, 2009

Check here if Amendment [   ] ; Amendment Number:
This Amendment (Check only one.) : [   ] is a restatement.
				   [   ] adds new holding entries.

Institutional Manager Filing this Report:

Name:	Oaktree Capital Group, LLC
Address:333 South Grand Avenue
	28 Floor
	Los Angeles, CA 90071

13F File Number: 028-12811

The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the report is
authorized to submit it, that all information contained herein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, lists, and tables, are considered integral parts
of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:	[ Kristin Scott             ]
Title:	[ Managing Director         ]
Phone:	[ 213-830-6225              ]

Signature, 		                Place, and 	   Date of Signing:

[                                 ]  	Los Angeles, CA    [              ]


Report Type (Check only one.):

[   ]	13F HOLDINGS REPORT
[ X ]	13F NOTICE REPORT
[   ]	13F COMBINATION REPORT

List of Other Managers Reporting for this Manager:

13F File Number	 Name

28-5050		 Oaktree Capital Management, L.P.

<PAGE>

/TEXT
/DOCUMENT
/SUBMISSION
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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