|   | [X]  QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|--------|------------------------------------------------------------------------------------------------------------------|

|   | [  ]   TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|--------|------------------------------------------------------------------------------------------------------------------------------------|

----

| Delaware                                                                                              |   | 84-1676365                              |
|------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------|
| (State or other      jurisdiction of incorporation or organization)                                   |   | (IRS Employer      Identification No.)  |
|                                                                                                       |   |                                         |
| c/o      Man Investments (USA) Corp.123      North Wacker Drive28th      FloorChicago,      Illinois  |   |  60606                                  |
| (Address of      principal executive offices)                                                         |   | (Zip      Code)                         |
|                                                                                                       |   |                                         |
| (312)      881-6800                                                                                   |   |                                         |
| (Registrant’s      telephone number, including area code)                                       |   |                                         |

----

| (a)   | At      June 30, 2008 (unaudited) and March 31,2008 |
|-----------------|-----------------------------------------------------|

| (b)   | For      the three months ended June 30, 2008 and 2007  (unaudited) |
|-----------------|---------------------------------------------------------------------|

----

| MAN-AHL      130, LLC                                                                 |   |               |       |   |                |   |
|---------------------------------------------------------------------------------------|--------|--------------------|------------|--------|---------------------|--------|
|                                                                                  |   |               |       |   |                |   |
| STATEMENTS      OF FINANCIAL CONDITION                                                |   |               |       |   |                |   |
|                                                                                  |   | June      30, 2008 |       |   |                |   |
|                                                                                  |   | (unaudited)        |       |   | March      31, 2008 |   |
|                                                                                  |   |               |       |   |                |   |
| ASSETS:                                                                               |   |               |       |   |                |   |
|                                                                                  |   |               |       |   |                |   |
| Equity      in commodity futures and forwards                                         |   |               |       |   |                |   |
|  trading      accounts:                                                          |   |               |       |   |                |   |
| Net      unrealized trading gains on open   derivatives      contracts |   | $                  | 889,144    |   |                | $      | 759,797 |   |
|    Due      from broker                                                |   |               | 3,823,692  |   |                |   | 944,647 |   |
|                                                                                  |   |               |       |   |                |   |   |   |
| Investment      in Man-Glenwood Lexington, LLC,                                       |   |               |       |   |                |   |   |   |
|    at      fair value (cost $6,526,602 and $5,839,245, respectively)   |   |               | 6,463,937  |   |                |   | 5,701,675 |   |
| Investment      in Man-Glenwood Lexington TEI, LLC,                                   |   |               |       |   |                |   |   |   |
|    at      fair value (cost $1,565,000 and $0, respectively)           |   |               | 1,570,945  |   |                |   | — |   |
| Cash      and cash equivalents                                                        |   |               | 16,434,687 |   |                |   | 13,883,114 |   |
| Advance      subscription to Man-Glenwood Lexington, LLC                              |   |               | 145,000    |   |                |   | 238,357 |   |
| Advance      subscription to Man-Glenwood Lexington TEI, LLC                          |   |               | 245,000    |   |                |   | — |   |
| Redemption      receivable from Man-Glenwood Lexington, LLC                           |   |               | —    |   |                |   | 160,000 |   |
| Expense      reimbursement receivable                                                 |   |               | 93,922     |   |                |   | 114,090 |   |
| Interest      receivable                                                              |   |               | 3,791      |   |                |   | 5,773 |   |
|                                                                                  |   |               |       |   |                |   |   |   |
| TOTAL                                                                                 |   | $                  | 29,670,118 |   |                | $      | 21,807,453 |   |
|                                                                                  |   |               |       |   |                |   |   |   |
| LIABILITIES      & MEMBERS' EQUITY:                                               |   |               |       |   |                |   |   |   |
|                                                                                  |   |               |       |   |                |   |   |   |
| Subscriptions      received in advance                                                |   | $                  | 1,743,500  |   |                | $      | 290,416 |   |
| Management      fees payable                                                          |   |               | 95,253     |   |                |   | 136,793 |   |
| Client      servicing fees payable                                                    |   |               | 7,474      |   |                |   | 1,044 |   |
| Incentive      fees payable                                                           |   |               | 119,228    |   |                |   | 598,100 |   |
| Brokerage      commission payable                                                     |   |               | 98,571     |   |                |   | 98,588 |   |
| Accrued      professional fees payable                                                |   |               | 170,230    |   |                |   | 173,409 |   |
| Accrued      administrative fees payable                                              |   |               | 75,000     |   |                |   | 98,871 |   |
| Other      liabilities                                                                |   |               | 2,000      |   |                |   | 1,600 |   |
|                                                                                  |   |               |       |   |                |   |   |   |
| Total      liabilities                                                                |   |               | 2,311,256  |   |                |   | 1,398,821 |   |
|                                                                                  |   |               |       |   |                |   |   |   |
| MEMBERS'      EQUITY:                                                                 |   |               |       |   |                |   |   |   |
|                                                                                  |   |               |       |   |                |   |   |   |
| Class      A Series 1 Members                                                         |   |               |       |   |                |   |   |   |
| (4,233.254      and 2,647.132 units outstanding, respectively)                        |   |               | 581,635    |   |                |   | 348,997 |   |
|                                                                                  |   |               |       |   |                |   |   |   |
| Class      A Series 2 Member                                                          |   |               |       |   |                |   |   |   |
| (152,933.544      and 150,751.032 units outstanding, respectively)                    |   |               | 21,274,181 |   |                |   | 20,059,635 |   |
|                                                                                  |   |               |       |   |                |   |   |   |
| Class      B Series 1 Members                                                         |   |               |       |   |                |   |   |   |
| (15,841.219      and 0 units outstanding, respectively)                               |   |               | 2,171,761  |   |                |   | — |   |
|                                                                                  |   |               |       |   |                |   |   |   |
| Class      B Series 2 Members                                                         |   |               |       |   |                |   |   |   |
| (23,999.433      and 0 units outstanding, respectively)                               |   |               | 3,331,285  |   |                |   | — |   |
|                                                                                  |   |               |       |   |                |   |   |   |
| Total      Members' equity                                                            |   |               | 27,358,862 |   |                |   | 20,408,632 |   |
|                                                                                  |   |               |       |   |                |   |   |   |
| TOTAL                                                                                 |   | $                  | 29,670,118 |   |                | $      | 21,807,453 |   |
|                                                                                  |   |               |       |   |                |   |   |   |
| NET      ASSET VALUE PER UNIT OUTSTANDING - CLASS A SERIES 1MEMBERS                   |   | $                  | 137.40     |   |                | $      | 131.84 |   |
|                                                                                  |   |               |       |   |                |   |   |   |
| NET      ASSET VALUE PER UNIT OUTSTANDING - CLASS A SERIES 2 MEMBER                   |   | $                  | 139.11     |   |                | $      | 133.07 |   |
|                                                                                  |   |               |       |   |                |   |   |   |
| NET      ASSET VALUE PER UNIT OUTSTANDING - CLASS B SERIES 1MEMBERS                   |   | $                  | 137.10     |   |                | $      | — |   |
|                                                                                  |   |               |       |   |                |   |   |   |
| NET      ASSET VALUE PER UNIT OUTSTANDING - CLASS B SERIES 2MEMBERS                   |   | $                  | 138.81     |   |                | $      | — |   |
|                                                                                  |   |               |       |   |                |   |   |   |
| See      notes to financial statements.                                               |   |               |       |   |                |   |   |   |

----

| MAN-AHL      130, LLC                                                                                                                                                                             |   |               |      |   |               |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|-----------|--------|--------------------|--------|
|                                                                                                                                                                                              |   |               |      |   |               |   |
| STATEMENTS      OF OPERATIONS (UNAUDITED)                                                                                                                                                         |   |               |      |   |               |   |
|                                                                                                                                                                                              |   | For      the three |      |   | For      the three |   |
|                                                                                                                                                                                              |   | months      ended  |      |   | months      ended  |   |
|                                                                                                                                                                                              |   | June      30, 2008 |      |   | June      30, 2007 |   |
|                                                                                                                                                                                              |   |               |      |   |               |   |
| INVESTMENT      INCOME:                                                                                                                                                                           |   |               |      |   |               |   |
| Interest      income                                                                                                                                                                              |   | $                  | 85,534    |   |               | $      | 113,383 |   |
|                                                                                                                                                                                              |   |               |      |   |               |   |   |   |
|                                                                                                                                                                                              |   |               |      |   |               |   |   |   |
| EXPENSES:                                                                                                                                                                                         |   |               |      |   |               |   |   |   |
| Management      fees                                                                                                                                                                              |   |               | 174,478   |   |               |   | 112,832 |   |
| Incentive      fees                                                                                                                                                                               |   |               | 272,111   |   |               |   | 426,088 |   |
| Client      servicing fees                                                                                                                                                                        |   |               | 7,496     |   |               |   | — |   |
| Brokerage      commissions                                                                                                                                                                        |   |               | 31,668    |   |               |   | 71,728 |   |
| Professional      fees                                                                                                                                                                            |   |               | 87,250    |   |               |   | 98,750 |   |
| Administrative      fees                                                                                                                                                                          |   |               | 37,500    |   |               |   | 37,500 |   |
| Other                                                                                                                                                                                             |   |               | 2,948     |   |               |   | 4,645 |   |
|                                                                                                                                                                                              |   |               |      |   |               |   |   |   |
| TOTAL      EXPENSES                                                                                                                                                                               |   |               | 613,451   |   |               |   | 751,543 |   |
|                                                                                                                                                                                              |   |               |      |   |               |   |   |   |
| Less      reimbursed expenses                                                                                                                                                                     |   |               | (93,922   | )      |               |   | (116,150 | ) |
|                                                                                                                                                                                              |   |               |      |   |               |   |   |   |
| Net      expenses                                                                                                                                                                                 |   |               | 519,529   |   |               |   | 635,393 |   |
|                                                                                                                                                                                              |   |               |      |   |               |   |   |   |
| NET      INVESTMENT LOSS                                                                                                                                                                          |   |               | (433,995  | )      |               |   | (522,010 | ) |
|                                                                                                                                                                                              |   |               |      |   |               |   |   |   |
|                                                                                                                                                                                              |   |               |      |   |               |   |   |   |
| NET      REALIZED AND UNREALIZED GAINS ON INVESTMENTS      AND FOREIGN CURRENCY:                                                                                                             |   |
|                                                                                                                                                                                              |   |               |      |   |               |   |   |   |
| Net      realized trading gains on closed   derivatives      contracts and foreign currency   transactions                                                          |   |               | 1,389,239 |   |               |   | 1,341,848 |   |
| Net      change in unrealized trading gains on open   derivatives      contracts and translation of assets   and      liabilities denominated in foreign currencies |   |               | 129,347   |   |               |   | 927,076 |   |
| Net      change in unrealized appreciation on   investment      in Man-Glenwood Lexington, LLC                                                                                     |   |               | 74,905    |   |               |   | 101,511 |   |
| Net      change in unrealized appreciation on   investment      in Man-Glenwood Lexington TEI, LLC                                                                                 |   |               | 5,945     |   |               |   | — |   |
|                                                                                                                                                                                              |   |               |      |   |               |   |   |   |
| NET      REALIZED AND UNREALIZED GAINS   ON      INVESTMENTS AND FOREIGN CURRENCY                                                                                                  |   |               | 1,599,436 |   |               |   | 2,370,435 |   |
|                                                                                                                                                                                              |   |               |      |   |               |   |   |   |
| Net      income                                                                                                                                                                                   |   | $                  | 1,165,441 |   |               | $      | 1,848,425 |   |
|                                                                                                                                                                                              |   |               |      |   |               |   |   |   |
| Net      income per unit outstanding - Class A Series 1                                                                                                                                           |   | $                  | 6.67      |   |               | $      | — |   |
|                                                                                                                                                                                              |   |               |      |   |               |   |   |   |
| Net      income per unit outstanding - Class A Series 2                                                                                                                                           |   | $                  | 6.04      |   |               | $      | 12.32 |   |
|                                                                                                                                                                                              |   |               |      |   |               |   |   |   |
| Net      income per unit outstanding - Class B Series 1                                                                                                                                           |   | $                  | 5.71      |   |               | $      | — |   |
|                                                                                                                                                                                              |   |               |      |   |               |   |   |   |
| Net      income per unit outstanding - Class B Series 2                                                                                                                                           |   | $                  | 6.06      |   |               | $      | — |   |
|                                                                                                                                                                                              |   |               |      |   |               |   |   |   |
| See      notes to financial statements.                                                                                                                                                           |   |               |      |   |               |   |   |   |

----

| MAN-AHL      130, LLC                                                |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |
|----------------------------------------------------------------------|--------|-----------------------|---------|--------|-----------------------|--------|-----------|------------------------|--------|--------|------------------------|--------|--------|--------|-------------|--------|--------|--------|-----------|--------|--------|--------|------------|--------|--------|--------|-----------|--------|--------|--------|
|                                                                 |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |
| STATEMENTS      OF CHANGES IN MEMBERS' EQUITY (UNAUDITED)            |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |
|                                                                 |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |
| FOR      THE THREE MONTHS ENDED JUNE 30, 2008                        |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |
|                                                                 |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |
|                                                                 |   | CLASS      A SERIES 1 |    |   | CLASS      A SERIES 2 |   |      | CLASS      B SERIES 1* |   |   | CLASS      B SERIES 2* |   |   | TOTAL  |        |
|                                                                 |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |
|                                                                 |   | Amount                |    |   | Units                 |   |      | Amount                 |   |   | Units                  |   |   | Amount |        |   | Units  |   |      | Amount |   |   | Units      |   |   | Amount |      |   | Units  |   |
|                                                                 |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |
| Member's      equity at April 1, 2008                                |   | $                     | 348,997 |   |                  |   | 2,647.132 |                   |   | $      | 20,059,635             |   |   |   | 150,751.032 |   |   | $      | —   |   |   |   | —    |   |   | $      | —   |   |   |   | — |   |   | $ | 20,408,632 |   |   |   | 153,398.164 |   |
|                                                                 |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Subscriptions                                                        |   |                  | 209,250 |   |                  |   | 1,586.122 |                   |   |   | 290,416                |   |   |   | 2,182.512   |   |   |   | 2,089,780 |   |   |   | 15,841.219 |   |   |   | 3,195,343 |   |   |   | 23,999.433 |   |   |   | 5,784,789 |   |   |   | 43,609.286 |   |
|                                                                 |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Redemptions                                                          |   |                  | — |   |                  |   | —   |                   |   |   | —                |   |   |   | —     |   |   |   | —   |   |   |   | —    |   |   |   | —   |   |   |   | — |   |   |   | — |   |   |   | — |   |
|                                                                 |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      income                                                      |   |                  | 23,388  |   |                  |   | —   |                   |   |   | 924,130                |   |   |   | —     |   |   |   | 81,981    |   |   |   | —    |   |   |   | 135,942   |   |   |   | — |   |   |   | 1,165,441 |   |   |   | — |   |
|                                                                 |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Members'      equity at June 30, 2008                                |   | $                     | 581,635 |   |                  |   | 4,233.254 |                   |   | $      | 21,274,181             |   |   |   | 152,933.544 |   |   | $      | 2,171,761 |   |   |   | 15,841.219 |   |   | $      | 3,331,285 |   |   |   | 23,999.433 |   |   | $ | 27,358,862 |   |   |   | 197,007.450 |   |
|                                                                 |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                 |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET      ASSET VALUE PER UNIT OUTSTANDING AT      JUNE 30, 2008 |   | $                     | 137.40  |   |                  |   |      |                   |   | $      | 139.11                 |   |   |   |        |   |   | $      | 137.10    |   |   |   |       |   |   | $      | 138.81    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                 |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                 |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                 |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| FOR      THE THREE MONTHS ENDED JUNE 30, 2007                        |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                 |   |                  |    |   |                  |   |      |                   |   |   |                   |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                                                  |   |        CLASS      A SERIES 1 |    |   |        CLASS      A SERIES 2 |   |    |        CLASS      B SERIES 1 |   |   |        CLASS      B SERIES 2 |   |   |        TOTAL |        |
|---------------------------------------------------------------------------------------|--------|-----------------------------------|---------|--------|-----------------------------------|--------|---------|-----------------------------------|--------|--------|-----------------------------------|--------|--------|-------------------|-------------|
|                                                                                  |   |                              |    |   |                              |   |    |                              |   |   |                              |   |   |              |        |
|                                                                                  |   | Amount                            |    |   | Units                             |   |    | Amount                            |   |   | Units                             |   |   | Amount            |        |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |
|                                                                                  |   |                              |    |   |                              |   |    |                              |   |   |                              |   |   |              |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Member's      equity at April 1, 2007                                                 |   | $                                 | — |   |                              |   | — |                              |   | $      | 10,000                            |   |   |              | —     |   |   | $ | — |   |   |   | — |   |   | $ | — |   |   |   | — |   |   | $ | 10,000 |   |   |   | — |   |
|                                                                                  |   |                              |    |   |                              |   |    |                              |   |   |                              |   |   |              |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Subscriptions                                                                         |   |                              | — |   |                              |   | — |                              |   |   | 14,990,000                        |   |   |              | 150,000.000 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 14,990,000 |   |   |   | 150,000.000 |   |
|                                                                                  |   |                              |    |   |                              |   |    |                              |   |   |                              |   |   |              |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Redemptions                                                                           |   |                              | — |   |                              |   | — |                              |   |   | —                           |   |   |              | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
|                                                                                  |   |                              |    |   |                              |   |    |                              |   |   |                              |   |   |              |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      income                                                                       |   |                              | — |   |                              |   | — |                              |   |   | 1,848,425                         |   |   |              | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 1,848,425 |   |   |   | — |   |
|                                                                                  |   |                              |    |   |                              |   |    |                              |   |   |                              |   |   |              |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Member's      equity at June 30, 2007                                                 |   | $                                 | — |   |                              |   | — |                              |   | $      | 16,848,425                        |   |   |              | 150,000.000 |   |   | $ | — |   |   |   | — |   |   | $ | — |   |   |   | — |   |   | $ | 16,848,425 |   |   |   | 150,000.000 |   |
|                                                                                  |   |                              |    |   |                              |   |    |                              |   |   |                              |   |   |              |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                  |   |                              |    |   |                              |   |    |                              |   |   |                              |   |   |              |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET      ASSET VALUE PER UNIT OUTSTANDING AT      JUNE 30, 2007                  |   | $                                 | — |   |                              |   |    |                              |   | $      | 112.32                            |   |   |              |        |   |   | $ | — |   |   |   |   |   |   | $ | — |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                  |   |                              |    |   |                              |   |    |                              |   |   |                              |   |   |              |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                  |   |                              |    |   |                              |   |    |                              |   |   |                              |   |   |              |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *      Class B Series 1 and Class B Series 2 commenced trading on April 1,      2008. |   |                              |    |   |                              |   |    |                              |   |   |                              |   |   |              |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See      notes to financial statements.                                               |   |                              |    |   |                              |   |    |                              |   |   |                              |   |   |              |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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| MAN-AHL      130, LLC                                                                                                                                            |   |               |       |   |               |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|------------|--------|--------------------|--------|
|                                                                                                                                                             |   |               |       |   |               |   |
| STATEMENTS      OF CASH FLOWS (UNAUDITED)                                                                                                                        |   |               |       |   |               |   |
|                                                                                                                                                             |   | For      the three |       |   | For      the three |   |
|                                                                                                                                                             |   | months      ended  |       |   | months      ended  |   |
|                                                                                                                                                             |   | June      30, 2008 |       |   | June      30, 2007 |   |
| CASH      FLOWS FROM OPERATING ACTIVITIES:                                                                                                                       |   |               |       |   |               |   |
|   Net      income                                                                                                                                      |   | $                  | 1,165,441  |   |               | $      | 1,848,425 |   |
|                                                                                                                                                             |   |               |       |   |               |   |   |   |
|   Adjustments      to reconcile net income to                                                                                                          |   |               |       |   |               |   |   |   |
|     net      cash used in operating activities:                                                                                              |   |               |       |   |               |   |   |   |
| Net      change in unrealized trading gains on open derivative      contracts                                                                                    |   |               |       |   |               |   |   |   |
|   and      translation of assets and liabilities denominated in                                                                                        |   |               |       |   |               |   |   |   |
|   foreign      currencies                                                                                                                              |   |               | (129,347   | )      |               |   | (927,076 | ) |
| Purchase      of investment in Man-Glenwood Lexington, LLC                                                                                                       |   |               | (434,000   | )      |               |   | (5,362,406 | ) |
| Purchase      of investment in Man-Glenwood Lexington TEI, LLC                                                                                                   |   |               | (1,810,000 | )      |               |   | — |   |
| Net      change in unrealized appreciation on investment in                                                                                                      |   |               |       |   |               |   |   |   |
|   Man-Glenwood      Lexington, LLC                                                                                                                     |   |               | (74,905    | )      |               |   | (101,511 | ) |
| Net      change in unrealized appreciation on investment in                                                                                                      |   |               |       |   |               |   |   |   |
|   Man-Glenwood      Lexington TEI, LLC                                                                                                                 |   |               | (5,945     | )      |               |   | — |   |
| Changes      in:                                                                                                                                                 |   |               |       |   |               |   |   |   |
|   Due      from broker                                                                                                                                 |   |               | (2,879,045 | )      |               |   | (3,795,100 | ) |
|   Expense      reimbursement receivable                                                                                                                |   |               | 20,168     |   |               |   | (116,150 | ) |
|   Interest      receivable                                                                                                                             |   |               | 1,982      |   |               |   | (11,820 | ) |
|   Management      fees payable                                                                                                                         |   |               | (41,540    | )      |               |   | 112,832 |   |
|   Incentive      fees payable                                                                                                                          |   |               | (478,872   | )      |               |   | 426,088 |   |
|   Brokerage      commissions payable                                                                                                                   |   |               | (17        | )      |               |   | 34,303 |   |
|   Accrued      professional fees payable                                                                                                               |   |               | (3,179     | )      |               |   | 98,750 |   |
|   Accrued      administrative fees payable                                                                                                             |   |               | (23,871    | )      |               |   | 37,500 |   |
|   Client      servicing fees payable                                                                                                                   |   |               | 6,430      |   |               |   | — |   |
|   Other      liabilities                                                                                                                               |   |               | 400        |   |               |   | — |   |
|                                                                                                                                                             |   |               |       |   |               |   |   |   |
|                    Net      cash used in operating activities     |   |               | (4,686,300 | )      |               |   | (7,756,165 | ) |
|                                                                                                                                                             |   |               |       |   |               |   |   |   |
| FINANCING      ACTIVITIES:                                                                                                                                       |   |               |       |   |               |   |   |   |
|               Capital      subscriptions                                                   |   |               | 7,237,873  |   |               |   | 15,040,000 |   |
|                                                                                                                                                             |   |               |       |   |               |   |   |   |
|                    Net      cash provided by financing activities |   |               | 7,237,873  |   |               |   | 15,040,000 |   |
|                                                                                                                                                             |   |               |       |   |               |   |   |   |
| NET      INCREASE IN CASH AND CASH EQUIVALENTS                                                                                                                   |   |               | 2,551,573  |   |               |   | 7,283,835 |   |
|                                                                                                                                                             |   |               |       |   |               |   |   |   |
| CASH      AND CASH EQUIVALENTS - Beginning of period                                                                                                             |   |               | 13,883,114 |   |               |   | 10,000 |   |
|                                                                                                                                                             |   |               |       |   |               |   |   |   |
| CASH      AND CASH EQUIVALENTS - End of period                                                                                                                   |   | $                  | 16,434,687 |   |               | $      | 7,293,835 |   |
|                                                                                                                                                             |   |               |       |   |               |   |   |   |
| See      notes to financial statements.                                                                                                                          |   |               |       |   |               |   |   |   |
|                                                                                                                                                             |   |               |       |   |               |   |   |   |
|                                                                                                                                                             |   |               |       |   |               |   |   |   |
|                                                                                                                                                             |   |               |       |   |               |   |   |   |
|                                                                                                                                                             |   |               |       |   |               |   |   |   |
|                                                                                                                                                             |   |               |       |   |               |   |   |   |
|                                                                                                                                                             |   |               |       |   |               |   |   |   |
|                                                                                                                                                             |   |               |       |   |               |   |   |   |
|                                                                                                                                                             |   |               |       |   |               |   |   |   |
|                                                                                                                                                             |   |               |       |   |               |   |   |   |
|                                                                                                                                                             |   |               |       |   |               |   |   |   |

----

----

| 1.   | ORGANIZATION |
|----------------|--------------|

|   | On      April 1, 2008, the Company issued 12,832.453 units of Class B Series 1 at      $131.84 per unit and 20,814.930 units of Class B Series 2 at $133.07 per      Unit.  Class A and Class B units have substantially identical      trading portfolios except that Class A units are offered to taxable      investors and invest in Man-Glenwood Lexington, LLC (“MGL”), a registered      investment company, and Class B units are offered to tax-exempt investors      and invest in Man-Glenwood Lexington TEI, LLC (“TEI”), a registered      investment company. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 2.   | SIGNIFICANT      ACCOUNTING POLICIES |
|----------------|--------------------------------------|

|   | The      accompanying financial statements are prepared in accordance with      accounting principles generally accepted in the United States of America.      The following are significant accounting policies adopted by the Company.        |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | FAIR VALUE      MEASUREMENTS |
|----|------------------------------|

|   | Effective      April 1, 2008, the Company has adopted the provisions of the Statement of      Financial Accounting Standard No. 157, Fair Value Measurements (“SFAS      157”). SFAS 157 defines fair value, |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                            |   |               |   | Fair      Value Measurements                                                                                                                                        |
|-----------------------------------------------------------------|--------|--------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                            |   |               |   |                                                                                                                                                                |   |   |
|                                                            |   |               |   | Quoted      Prices in                                                                                                                                               | Significant      Other | Significant      Other |
|                                                            |   |               |   | Active      Markets for                                                                                                                                             | Observable | Unobservable |
|                                                            |   | Value      as of   |   | Identical      Assets                                                                                                                                               | Inputs | Inputs |
| Description                                                     |   | June      30, 2008 |   | (Level      1)                                                                                                                                                      | (Level      2) | (Level      3) |
|                                                            |   |               |   |                                                                                                                                                                |   |   |
|                                                            |   |               |   |                                                                                                                                                                |   |   |
| Net      unrealized trading gains on open derivatives contracts |   | 889,144            |   | 810,801                                                                                                                                                             | 78,343 |                      — |
|                                                            |   |               |   |                                                                                                                                                                |   |   |
| Investment      in Man-Glenwood Lexington, LLC                  |   | 6,463,937          |   |                      —                               | — |                6,463,937 |
|                                                            |   |               |   |                                                                                                                                                                |   |   |
| Investment      in Man-Glenwood Lexington  TEI, LLC   |   | 1,570,945          |   |                      —                               | — |                1,570,945 |
|                                                            |   |               |   |                                                                                                                                                                |   |   |
| Total                                                           |   | 8,924,026          |   |                           810,801 |                         78,343 |                      8,034,882 |
|                                                            |   |               |   |                                                                                                                                                                |   |   |

|   |                                                  |   |                  |      |
|--------|-------------------------------------------------------|--------|-----------------------|-----------|
|   |                                                  |   | MAN-AHL      130, LLC |      |
|   |                                                  |   |                  |      |
|   | Beginning      Balance as of 3/31/08                  |   | $                     | 5,701,675 |   |
|   | Realized      gain/(loss)                             |   |                  | —   |   |
|   | Change      in unrealized appreciation/(depreciation) |   |                  | 80,850    |   |
|   | Net      purchase/sales                               |   |                  | 2,252,357 |   |
|   | Net      transfers in and/or out of Level 3           |   |                  | —   |   |
|   | Ending      Balance as of 6/30/08                     |   | $                     | 8,034,882 |   |
|   |                                                  |   |                  |      |   |
|   |                                                  |   |                  |      |   |

----

| ITEM      2. | Management's      Discussion and Analysis of Financial Condition and Results of      Operations |
|--------------|-------------------------------------------------------------------------------------------------|

----

|                               |   | 30-June-08 |   |
|------------------------------------|--------|------------|--------|
| Ending      Equity (Class A Units) | $      | 21,855,816 |   |
| Ending      Equity (Class B Units) |   | 5,503,046  |   |
| Ending      Equity (Total)         | $      | 27,358,862 |   |

----

----

----

----

----

| 31.1                | Rule      13a-14(a)/15d-14(a) Certification of Principal Executive      Officer |
|------------------------------------|---------------------------------------------------------------------------------|
|                               |                                                                            |
| 31.2                | Rule      13a-14(a)/15d-14(a) Certification of Principal Financial  Officer     |
|                               |                                                                            |
| 32.1      | Section      1350 Certification of Principal Executive Officer                  |
|                               |                                                                            |
| 32.2      | Section      1350 Certification of Principal Financial Officer                  |
|                               |                                                                            |

| 3.01(i)                  | Certificate      of Formation of Registrant. |
|---------------------------------------------------------------------------------------------------------------|----------------------------------------------|
|                                                                                                          |                                         |

| 10.02  | Form      of Customer Agreement between the Registrant and Man Financial      Inc. |
|--------|------------------------------------------------------------------------------------|
|   |                                                                               |

| 10.01  | Form      of Administration Agreement between Man-AHL 130 and the      Administrator. |
|--------|---------------------------------------------------------------------------------------|
|   |                                                                                  |

| 1.01     | Form      of General Distributor’s Agreement between the Registrant and Man      Investments Inc. |
|----------|---------------------------------------------------------------------------------------------------------|
|     |                                                                                                    |
| 3.02     | Limited      Liability Company Agreement of the Registrant(amended).                                    |
|     |                                                                                                    |
| 10.02(a) | Addendum      to the Form of Customer Agreement between the Registrant and Man Financial      Inc.      |
|     |                                                                                                    |
| 10.03    | Form      of Trading Advisory Agreement between Registrant and Man-AHL (USA) Ltd.      (amended).       |
|     |                                                                                                    |
| 10.04    | Form      of Escrow Agreement among the Registrant, the Managing Member and the      Escrow Agent.      |
|     |                                                                                                    |

| 10.03(a)            | Amendment      to the Form of Trading Advisory Agreement. |
|----------------------------------------------------------------------------|-----------------------------------------------------------|
|                                                                       |                                                      |

| 10.06 | Form      of Trading Advisory Agreement between the Registrant and Man Investments      Limited. |
|-------|--------------------------------------------------------------------------------------------------|

----

|   | Man-AHL      130, LLC(Registrant)                                   |                                                                               |
|--------|---------------------------------------------------------------------|------------------------------------------------------------------------------------|
|   |                                                                |                                                                               |   |
|   | By:       Man      Investments (USA) Corp.Managing      Member |                                                                               |
|   |                                                                |                                                                               |   |
|   |                                                                |                                                                               |   |
|   | By:      /s/ Uwe Eberle                                             |                                                                               |
|   |                                                                |                                                                               |   |
|   |                                                                | President      and Chief Executive Officer(Principal      Executive Officer)  |   |
|   |                                                                |                                                                               |   |

|        | By:      /s/ Rhowena Blank |                                                                                                                        |
|--------|----------------------------|-----------------------------------------------------------------------------------------------------------------------------|
|   |                       |                                                                                                                        |   |
|   |                       | (Principal      Financial and Chief Accounting Officer and Vice President and Head of      Accounting and Operations)  |   |
|   |                       |                                                                                                                        |   |

----

| Exhibit      Number                | Description      of Document                                                    |
|------------------------------------|---------------------------------------------------------------------------------|
|                               |                                                                            |
| 31.1      | Rule      13a-14(a)/15d-14(a) Certification of Principal Executive      Officer |
|                               |                                                                            |
| 31.2                          | Rule      13a-14(a)/15d-14(a) Certification of Principal Financial  Officer     |
|                               |                                                                            |
| 32.1                          | Section      1350 Certification of Principal Executive Officer                  |
|                               |                                                                            |
| 32.2                | Section      1350 Certification of Principal Financial Officer                  |
|                               |                                                                            |

----