##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 
 FORM 10-K
 
 þ
    
    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
 For the fiscal year ended December 31, 2008
 or
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
 For the transition period from  to
 Commission File Number: 001-33909
 GREENHAVEN CONTINUOUS
COMMODITY INDEX FUND
 (Exact name of registrant as specified in its charter)
 
 Delaware
    
    26-0151234(State or Other Jurisdiction of 
Incorporation or Organization)
    
    (I.R.S. Employer
Identification No.)c/o GreenHaven Commodity Services, LLC 
3340 Peachtree Rd, Suite 1910
Atlanta, Georgia
    
    30326(Address of Principal Executive Offices)
    
    (Zip Code)
 Registrants telephone number, including area code: (404) 239-7942
 Securities registered pursuant to Section 12(b) of the Act:
 Title of Each Class
    
    Name of Each Exchange on Which RegisteredCommon Units of Beneficial Interest
    
    New York Stock Exchange  ARCA
 Securities registered pursuant to Section 12(g) of the Act: None
 o þ
 o þ
 þ o
 þ
  Large accelerated filer oAccelerated filer oNon-accelerated filer þ(Do not check if a smaller reporting company)Smaller reporting company o o þ




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##### Table of Contents



DOCUMENTS INCORPORATED BY REFERENCE
  2




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##### 



TABLE OF CONTENTS
 PART I
    
    
    
    
    5ITEM 1.
    
    BUSINESS
    
    
    5ITEM 1A.
    
    RISK FACTORS
    
    
    12ITEM 1B.
    
    UNRESOLVED STAFF COMMENTS
    
    
    19ITEM 2.
    
    PROPERTIES
    
    
    19ITEM 3.
    
    LEGAL PROCEEDINGS
    
    
    19ITEM 4.
    
    SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
    
    
    19PART II
    
    
    
    
    20ITEM 5.
    
    MARKET FOR
REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
    
    
    20ITEM 6.
    
    SELECTED FINANCIAL DATA
    
    
    20ITEM 7.
    
    MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
    
    
    20ITEM 7A.
    
    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
    
    
    24ITEM 8.
    
    FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
    
    
    26ITEM 9.
    
    CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
    
    
    41ITEM 9A.
    
    CONTROLS AND PROCEDURES
    
    
    41ITEM 9B.
    
    OTHER INFORMATION
    
    
    41PART III
    
    
    
    
    42ITEM 10.
    
    MANAGERS AND EXECUTIVE OFFICERS OF THE REGISTRANT
    
    
    42ITEM 11.
    
    EXECUTIVE COMPENSATION
    
    
    43ITEM 12.
    
    SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
    
    
    44ITEM 13.
    
    CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
    
    
    44ITEM 14.
    
    PRINCIPAL ACCOUNTANT FEES AND SERVICES
    
    
    45ITEM 15.
    
    EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
    
    
    45EX-31.1EX-31.2EX-32.1EX-32.2
  3




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CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING INFORMATION
  4




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##### Table of Contents



PART I
 
 ITEM 1. BUSINESS
 Organization
   Fund Investment Overview
    5




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##### Table of Contents



Commodity Allowed
    
    Contracts
    
    Exchanges*
    
    Index Weight
    
    Sector WeightCrude Oil
    
    All 12 calendar months
    
    NYMEX
    
    5.88%
    
    Energy 17.64%Heating Oil
    
    All 12 calendar months
    
    NYMEX
    
    5.88%Natural Gas
    
    All 12 calendar months
    
    NYMEX
    
    5.88%Corn
    
    Mar, May, Jul, Sep, Dec
    
    CBOT
    
    5.88%
    
    Grains  17.64%Wheat
    
    Mar, May, Jul, Sep, Dec
    
    CBOT
    
    5.88%Soybeans
    
    Jan, Mar, May, Jul, Aug, Nov
    
    CBOT
    
    5.88%Live Cattle
    
    Feb, Apr, Jun, Aug, Oct, Dec
    
    CME
    
    5.88%
    
    Livestock 11.76%Lean Hogs
    
    Feb, Apr, Jun, Jul, Aug, Oct, Dec
    
    CME
    
    5.88%Sugar
    
    March, May, July, October
    
    NYBOT
    
    5.88%
    
    Softs 29.40%Cotton
    
    March, May, July, December
    
    NYBOT
    
    5.88%Coffee
    
    Mar, May, Jul, Sep, Dec
    
    NYBOT
    
    5.88%Cocoa
    
    Mar, May, Jul, Sep, Dec
    
    NYBOT
    
    5.88%Orange Juice
    
    Jan, Mar, May, Jul, Sep, Nov
    
    NYBOT
    
    5.88%Gold
    
    Feb, Apr, Jun, Aug,Dec
    
    NYMEX
    
    5.88%
    
    Metals 23.52%Silver
    
    Mar, May, Jul, Sep, Dec
    
    NYMEX
    
    5.88%Platinum
    
    Jan, Apr, Jul, Oct
    
    NYMEX
    
    5.88%Copper
    
    Mar, May, Jul ,Sep, Dec
    
    NYMEX
    
    5.88%
 
 *
    
    This column of the chart refers to the exchanges in which the standard futures contracts trade.
The column is not intended to be an exhaustive list of all the exchanges in which a standard
futures contract is traded, including foreign exchanges. Each of the constituent commodities may
trade as standard futures contracts on other exchanges, including foreign exchanges; however, the
Master Fund does not engage in the purchase or sale of any standard constituent commodity traded on
a foreign exchange. The Fund and the Master Fund do not engage in the purchase of any forward, swap
or other non-exchange traded instruments. The total return version of the CCI index is calculated
by Thomson Reuters America LLC. It is calculated to offer investors a fair representation of the
returns that would be realized by an investment in the underlying commodities that are included in
the CCI index on a fully collateralized basis.  Calculating Total Return
   6




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Daily Range
   Commodity
    
    Allowed ContractsCrude Oil
    
    All 12 calendar monthsHeating Oil
    
    All 12 calendar monthsNatural Gas
    
    All 12 calendar monthsCorn
    
    March, May, July, September, DecemberWheat
    
    March, May, July, September, DecemberSoybeans
    
    January, March, May, July, August, NovemberLive Cattle
    
    February, April, June, August, October, DecemberLean Hogs
    
    February, April, June, July, August, October, DecemberSugar
    
    March, May, July, OctoberCotton
    
    March, May, July, DecemberCoffee
    
    March, May, July September, DecemberCocoa
    
    March, May, July September, DecemberOrange Juice
    
    January, March, May, July, September, NovemberGold
    
    February, April, June, August, DecemberSilver
    
    March, May, July September, DecemberPlatinum
    
    January, April, July, OctoberCopper
    
    March, May, July September, December
  Interruption of Index Calculation
  7




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INVESTMENT OBJECTIVE
  There can be no assurance that the Fund or the Master Fund will achieve its investment objective or
avoid substantial losses. The value of the Shares is expected to fluctuate generally in relation to
changes in the value of the Master Fund Units.
 The Trustee
  The Managing Owner
    8




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Role of Managing Owner
  (i)
    
    selects the Trustee, administrator, distributor and auditor;(ii)
    
    negotiates various agreements and fees; and(iii)
    
    performs such other services as the Managing Owner believes that the
Fund and the Master Fund may from time-to-time require.
  (i)
    
    selects the Commodity Broker; and(ii)
    
    monitors the performance results of the Master Funds portfolio and reallocates
assets within the portfolio with a view to causing the performance of the Master Funds
portfolio to track that of the Index over time.
  The Commodity Broker
  The Administrator
    9




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The Distributor
   The Marketing Agent
  Regulation
  10




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Employees
  Available Information
 http://www.greenhavenfunds.com http://www.sec.gov
  11




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ITEM 1A  RISK FACTORS
 You could lose money investing in the Shares. You should consider carefully the risks described
below before making an investment decision. You should also refer to the other information included
in the Prospectus.
 The Value of the Shares Relates Directly to the Value of the Commodity Futures and Other Assets
Held by the Master Fund and Fluctuations in the Price of These Assets Could Materially Adversely
Affect an Investment in the Shares.
  
    
    changing supply and demand relationships;
    
    general economic activities and conditions;
    
    weather and other environmental conditions;
    
    acts of God;
    
    agricultural, fiscal, monetary and exchange control programs and
policies of governments;
    
    national and international political and economic events and policies;
    
    changes in rates of inflation; or
    
    the general emotions and psychology of the marketplace, which at times
can be volatile and unrelated to other more tangible factors.
  Metals Commodities
 
    
    A change in economic conditions, such as a recession, can adversely
affect the price of both industrial and precious metals. An economic downturn
may have a negative impact on the usage and demand of metals which may result
in a loss for the Master Fund.
    
    A sudden shift in political conditions of the worlds leading metal
producers may have a negative effect on the global pricing of metals.
    
    An increase in the hedging of precious metals may result in the price of
precious metals to decline.
    
    Changes in global supply and demand for industrial and precious metals.
    
    The price and quantity of imports and exports of industrial and precious
metals.
    
    Technological advances in the processing and mining of industrial and
precious metals.
 Agricultural Commodities
 
    
    Farmer planting decisions, general economic, market and regulatory
factors all influence the price of agricultural commodities.
    
    Weather conditions, including hurricanes, tornadoes, storms and
droughts, may have a material adverse effect on crops, live cattle, live
hogs and lumber, which may result in significant fluctuations in prices in
such commodities.
    
    Changes in global supply and demand for agriculture products.
 12




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
    
    The price and quantity of imports and exports of agricultural
commodities.
    
    Political conditions, including embargoes and war, in or affecting
agricultural production, imports and exports.
    
    Technological advances in agricultural production.
    
    The price and availability of alternative agricultural commodities.
 Energy Commodities
 
    
    Changes in global supply and demand for oil and natural gas.
    
    The price and quantity of imports and exports of oil and natural
gas.
    
    Political conditions, including embargoes and war, in or
affecting other oil producing activities.
    
    The level of global oil and natural gas exploration and
production.
    
    The level of global oil and natural gas inventories, production
or pricing.
    
    Weather conditions.
    
    Technological advances effecting energy consumption.
    
    The price and availability of alternative fuels.
  Net Asset Value May Not Always Correspond to Market Price and, as a Result, Baskets may be Created
or Redeemed at a Value that Differs from the Market Price of the Shares.
   Your investment could suffer in the event that Thomson Reuters America LLC decides to terminate the
license agreement between itself and the Managing Owner.
  13




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Your investment could suffer in the event that the Managing Owner creates another product under its
exclusive license agreement which directly competes with the Fund and Master Fund.
  Regulatory and Exchange Position Limits and Other Rules May Restrict the Creation of Baskets and
the
Operation of the Master Fund.
   The Fund May Not Always Be Able Exactly to Replicate the Performance of the Index.
  The Master Fund Is Not Actively Managed and Will Track the Index During Periods in which the Index
Is Flat or Declining as well as when the Index Is Rising.
  The Exchange May Halt Trading in the Shares Which Would Adversely Impact Your Ability to Sell
Shares.
  The Lack Of An Active Trading Market for the Shares May Result in Losses on Your Investment at the
Time of Disposition of Your Shares.
  14




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The Shares Are a New Securities Product and their Value Could Decrease if Unanticipated Operational
or Trading Problems Arise.
  As the Managing Owner and its Principals have no prior History of Operating an Investment Vehicle
like the Fund or the Master Fund, their Experience may be Inadequate or Unsuitable to Manage the
Fund or the Master Fund.
  You Should Not Rely on Past Performance in Deciding Whether to Buy Shares.
  Price Volatility May Possibly Cause the Total Loss of Your Investment.
  Fees are Charged Regardless of Profitability and May Result in Depletion of Assets.
  Possible Illiquid Markets May Exacerbate Losses.
  You May Be Adversely Affected by Redemption Orders that Are Subject To Postponement, Suspension Or
Rejection Under Certain Circumstances.
  15




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Because the Master Fund will not Acquire Any Asset with Intrinsic Value, the Positive Performance
of Your Investment Is Wholly Dependent Upon an Equal and Offsetting Loss borne by unrelated
participants in the futures market.
  Shareholders Will Not Have the Protections Associated With Ownership of Shares in an Investment
Company Registered Under the Investment Company Act of 1940.
  Various Actual and Potential Conflicts of Interest May Be Detrimental to Shareholders.
  Shareholders Will Be Subject to Taxation on Their Share of the Master Funds Taxable Income,
Whether or Not They Receive Cash Distributions.
  Items of Income, Gain, Deduction, Loss and Credit with respect to Fund Shares could be Reallocated
if the IRS does not Accept the Assumptions or Conventions Used by the Master Fund in Allocating
Master Fund Tax Items.
  PROSPECTIVE INVESTORS ARE STRONGLY URGED TO CONSULT THEIR OWN TAX ADVISERS AND COUNSEL WITH RESPECT
TO THE POSSIBLE TAX CONSEQUENCES TO THEM OF AN INVESTMENT IN ANY SHARES; SUCH TAX CONSEQUENCES MAY
DIFFER IN RESPECT OF DIFFERENT INVESTORS.
 Failure or Lack of Segregation of Assets May Increase Losses.
 pro rata
 16




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pro rata
 Regulatory Changes or Actions May Alter the Nature of an Investment in the Fund.
  Lack of Independent Experts Representing Investors.
  Possibility of Termination of the Fund May Adversely Affect Your Portfolio.
  Shareholders Do Not Have the Rights Enjoyed by Investors in Certain Other Vehicles.
  An Investment in the Shares May Be Adversely Affected by Competition From Other Methods of
Investing in Commodities.
  17




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Competing Claims Over Ownership of Intellectual Property Rights Related to the Fund Could Adversely
Affect the Fund and an Investment in the Shares.
  An Absence of Backwardation in the Prices of Certain Commodities, or the Presence of Contango
in the Prices of Certain Commodities, May Decrease the Price of Your Shares.
   The Value of the Shares Will be Adversely Affected if the Fund or the Master Fund is Required to
Indemnify the Trustee or the Managing Owner.
  Regulatory Reporting and Compliance
    18




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The Net Asset Value Calculation of the Master Fund May Be Overstated or Understated Due to the
Valuation Method Employed When a Settlement Price is not Available on the Date of Net Asset Value
Calculation.
  
 ITEM 1B. UNRESOLVED STAFF COMMENTS
  
 ITEM 2. PROPERTIES
  
 ITEM 3. LEGAL PROCEEDINGS
  
 ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
  19




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PART II
 
 ITEM 5.
    
    MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
 Market Information
   Date
    
    Close
    
    High
    
    Low
    
    OpenDecember
    
    
    21.92
    
    
    
    23.95
    
    
    
    19.51
    
    
    
    21.49November
    
    
    21.78
    
    
    
    24.3
    
    
    
    18.94
    
    
    
    22.78October
    
    
    22.7
    
    
    
    27.9
    
    
    
    18.71
    
    
    
    27.67September
    
    
    27.62
    
    
    
    30.84
    
    
    
    26.04
    
    
    
    30.77August
    
    
    31.71
    
    
    
    33.9
    
    
    
    28.5
    
    
    
    33.33July
    
    
    33.75
    
    
    
    37.99
    
    
    
    30.26
    
    
    
    36.83June
    
    
    36.88
    
    
    
    37.52
    
    
    
    33.33
    
    
    
    34.16May
    
    
    33.74
    
    
    
    34.82
    
    
    
    28
    
    
    
    33.22April
    
    
    33.53
    
    
    
    35.78
    
    
    
    31.67
    
    
    
    32.4March
    
    
    32.34
    
    
    
    37
    
    
    
    30.55
    
    
    
    35.99February
    
    
    35.35
    
    
    
    35.85
    
    
    
    31.5
    
    
    
    31.94January
    
    
    31.7
    
    
    
    31.9
    
    
    
    30.45
    
    
    
    30.45
 Holders
  Distributions
  Sales and Redemptions
  Dividends
  
 ITEM 6.
    
    SELECTED FINANCIAL DATA
 Year endedDecember 31, 2008Total assets
    
    $
    17,550,900Net realized and unrealized gain (loss) on futures transactions and investments, inclusive of commissions
    
    $
    (7,095,792
    )Net income (loss)
    
    $
    (7,001,170
    )Cash held by broker
    
    $
    13,331,630Total assets per share
    
    $
    21.94Cash and cash equivalents at end of year/period per share
    
    $
    16.66
 
 ITEM 7.
    
    MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  20




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Forward-Looking Information
   Overview / Introduction
  Managements Discussion of Results of Operations
 Results of Operations.
 Portfolio Expenses
   Interest Income
 21




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Performance Summary
 Date
    
    NAV
    
    1 Month
    
    3 Months
    
    Year to Date
    
    Since Inception1/24/2008
    
    $
    30.00
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1/31/2008
    
    $
    31.65
    
    
    
    5.50
    %
    
    
    
    
    
    
    5.50
    %
    
    
    5.50
    %2/29/2008
    
    $
    35.41
    
    
    
    11.88
    %
    
    
    
    
    
    
    18.03
    %
    
    
    18.03
    %3/31/2008
    
    $
    32.46
    
    
    
    -8.33
    %
    
    
    
    
    
    
    8.20
    %
    
    
    8.20
    %4/30/2008
    
    $
    33.49
    
    
    
    3.17
    %
    
    
    5.81
    %
    
    
    11.63
    %
    
    
    11.63
    %5/31/2008
    
    $
    33.77
    
    
    
    0.84
    %
    
    
    -4.63
    %
    
    
    12.57
    %
    
    
    12.57
    %6/30/2008
    
    $
    36.83
    
    
    
    9.06
    %
    
    
    13.46
    %
    
    
    22.77
    %
    
    
    22.77
    %7/31/2008
    
    $
    33.71
    
    
    
    -8.47
    %
    
    
    0.66
    %
    
    
    12.37
    %
    
    
    12.37
    %8/31/2008
    
    $
    31.65
    
    
    
    -6.11
    %
    
    
    -6.28
    %
    
    
    5.50
    %
    
    
    5.50
    %9/30/2008
    
    $
    27.74
    
    
    
    -12.35
    %
    
    
    -24.68
    %
    
    
    -7.53
    %
    
    
    -7.53
    %10/31/2008
    
    $
    22.68
    
    
    
    -18.24
    %
    
    
    -32.72
    %
    
    
    -24.40
    %
    
    
    -24.40
    %11/28/2008
    
    $
    22.03
    
    
    
    -2.87
    %
    
    
    -30.39
    %
    
    
    -26.57
    %
    
    
    -26.57
    %12/31/2008
    
    $
    21.92
    
    
    
    -0.50
    %
    
    
    -20.98
    %
    
    
    -26.93
    %
    
    
    -26.93
    %
  
 Net Asset Value
  Critical Accounting Policies
 22




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Asset Valuation
      Market Risk
  Credit Risk
  
 
 
  23




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##### Table of Contents



Liquidity
 The Exchange May Halt Trading in the Shares Which Would Adversely Impact Your Ability to Sell
Shares.
  The Lack Of An Active Trading Market for the Shares May Result in Losses on Your Investment at the
Time of Disposition of Your Shares.
  Possible Illiquid Markets May Exacerbate Losses.
  Contractual Obligations
  Off-Balance Sheet Risk
  
 ITEM 7A.
    
    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
  24




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General
    25




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##### Table of Contents



ITEM 8.
    
    FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
 Index to Financial Statements
 GreenHaven Continuous Commodity Index FundReport of Independent Registered Public Accounting Firm
    
    
    27Consolidated Statements of Financial Condition as of December 31, 2008 and December 31, 2007
    
    
    28Consolidated Schedule of Investments as of December 31, 2008
    
    
    29Consolidated Statements of Income and Expenses for the years ended December 31, 2008 and 2007
    
    
    30Consolidated Statement of Changes in Shareholders Equity for the years ended December 31, 2008 and 2007
    
    
    31Consolidated Statements of Cash Flows for the years ended December 31, 2008 and 2007
    
    
    32Notes to Consolidated Financial Statements, December 31, 2008 and December 31, 2007
    
    
    33
 26




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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
     
 27




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GreenHaven Continuous Commodity Index Fund
Consolidated Statements of Financial Condition
December 31, 2008 and December 31, 2007
 December 31,
    
    
    December 31,2008
    
    
    2007AssetsEquity in broker trading accounts:Short-term investments (cost $4,998,396)
    
    $
    4,999,865
    
    
    $
    Cash held by broker
    
    
    13,331,630
    
    
    
    Net unrealized depreciation on futures contracts
    
    
    (1,880,290
    )
    
    
    Total equity in broker trading accounts
    
    
    16,451,205Capital shares receivable
    
    
    1,096,170
    
    
    
    Other assets
    
    
    3,525
    
    
    
    Total assets
    
    $
    17,550,900
    
    
    $
    Liabilities and shareholders equityManagement fee payable to related party
    
    $
    11,076
    
    
    $
    Total liabilities
    
    
    11,076
    
    
    
    Shareholders equityGeneral Units:Paid in capital  50 units issued and outstanding as of December 31,
2008
and December 31, 2007, respectively
    
    
    1,500
    
    
    
    1,500Accumulated deficit
    
    
    (404
    )
    
    
    Subscription receivable
    
    
    
    
    
    
    (1,500
    )Total General Units
    
    
    1,096
    
    
    
    Limited Units:Paid in capital  800,000 and 0 redeemable units issued and outstanding
as of December 31, 2008 and December 31, 2007, respectively
    
    
    24,539,494
    
    
    
    Accumulated deficit
    
    
    (7,000,766
    )
    
    
    Total Limited Units
    
    
    17,538,728
    
    
    
    Total shareholders equity
    
    
    17,539,824
    
    
    
    Total liabilities and shareholders equity
    
    $
    17,550,900
    
    
    $
    Net asset value per shareGeneral Units
    
    $
    21.92
    
    
    
    N/ALimited Units
    
    $
    21.92
    
    
    
    N/A
  28




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##### Table of Contents



GreenHaven Continuous Commodity Index Fund
Consolidated Schedule of Investments
December 31, 2008
 Percentage of
    
    
    Fair
    
    
    FaceDescription
    
    Net Assets
    
    
    Value
    
    
    ValueU.S. Treasury ObligationsU.S. Treasury Bill, 0.53% due February 5, 2009 (cost $4,998,396)
    
    
    28.51
    %
    
    $
    4,999,865
    
    
    $
    5,000,000
 Percentage of
    
    
    Fair
    
    
    NotionalDescription
    
    Net Assets
    
    
    Value
    
    
    ValueUnrealized Appreciation (Depreciation) on Futures ContractsCocoa (13 contracts, settlement date March 16, 2009)
    
    
    0.29
    %
    
    $
    51,140
    
    
    $
    346,450Cocoa (13 contracts, settlement date May 13, 2009)
    
    
    0.01
    
    
    
    1,640
    
    
    
    345,410Cocoa (13 contracts, settlement date July 16, 2009)
    
    
    0.47
    
    
    
    82,790
    
    
    
    343,980Coffee (8 contracts, settlement date March 19, 2009)
    
    
    (0.40
    )
    
    
    (71,119
    )
    
    
    336,150Coffee (8 contracts, settlement date May 18, 2009)
    
    
    (0.46
    )
    
    
    (81,356
    )
    
    
    342,900Coffee (8 contracts, settlement date July 21, 2009)
    
    
    (0.06
    )
    
    
    (9,900
    )
    
    
    349,500Copper (10 contracts, settlement date March 27, 2009)
    
    
    (0.22
    )
    
    
    (38,538
    )
    
    
    352,500Copper (10 contracts, settlement date May 27, 2009)
    
    
    (1.15
    )
    
    
    (200,963
    )
    
    
    355,125Copper (9 contracts, settlement date July 29, 2009)
    
    
    (0.34
    )
    
    
    (59,513
    )
    
    
    321,075Corn (17 contracts, settlement date March 13, 2009)
    
    
    (0.11
    )
    
    
    (19,950
    )
    
    
    345,950Corn (16 contracts, settlement date May 14, 2009)
    
    
    (0.37
    )
    
    
    (64,500
    )
    
    
    334,200Corn (16 contracts, settlement date July 14, 2009)
    
    
    0.08
    
    
    
    14,663
    
    
    
    342,400Cotton (14 contracts, settlement date March 09, 2009)
    
    
    0.02
    
    
    
    3,505
    
    
    
    343,140Cotton (14 contracts, settlement date May 06, 2009)
    
    
    (0.65
    )
    
    
    (113,810
    )
    
    
    345,170Cotton (13 contracts, settlement date July 09, 2009)
    
    
    0.20
    
    
    
    34,965
    
    
    
    328,965Florida Orange Juice (31 contracts, settlement date March 11, 2009)
    
    
    (0.46
    )
    
    
    (80,873
    )
    
    
    315,735Florida Orange Juice (32 contracts, settlement date May 08, 2009)
    
    
    (0.64
    )
    
    
    (111,968
    )
    
    
    345,360Florida Orange Juice (31 contracts, settlement date July 13, 2009)
    
    
    (0.36
    )
    
    
    (63,195
    )
    
    
    352,703Gold (4 contracts, settlement date February 25, 2009)
    
    
    0.16
    
    
    
    28,270
    
    
    
    353,720Gold (4 contracts, settlement date April 28, 2009)
    
    
    0.03
    
    
    
    4,730
    
    
    
    354,120Gold (4 contracts, settlement date June 26, 2009)
    
    
    0.31
    
    
    
    54,980
    
    
    
    354,480Heating Oil (4 contracts, settlement date January 30, 2009)
    
    
    (0.51
    )
    
    
    (89,321
    )
    
    
    242,273Heating Oil (4 contracts, settlement date February 27, 2009)
    
    
    (0.86
    )
    
    
    (150,263
    )
    
    
    246,557Heating Oil (3 contracts, settlement date March 31, 2009)
    
    
    (0.87
    )
    
    
    (152,141
    )
    
    
    187,689Heating Oil (3 contracts, settlement date April 30, 2009)
    
    
    (0.29
    )
    
    
    (50,518
    )
    
    
    190,461Heating Oil (3 contracts, settlement date May 29, 2009)
    
    
    (0.19
    )
    
    
    (33,835
    )
    
    
    193,296Lean Hogs (9 contracts, settlement date February 13, 2009)
    
    
    (0.13
    )
    
    
    (22,780
    )
    
    
    219,150Lean Hogs (9 contracts, settlement date April 15, 2009)
    
    
    (0.19
    )
    
    
    (33,680
    )
    
    
    247,320Lean Hogs (9 contracts, settlement date June 12, 2009)
    
    
    (0.01
    )
    
    
    (990
    )
    
    
    287,640Lean Hogs (9 contracts, settlement date July 15, 2009)
    
    
    0.01
    
    
    
    1,510
    
    
    
    286,830Light, Sweet Crude Oil (5 contracts, settlement date January 20, 2009)
    
    
    (0.47
    )
    
    
    (81,800
    )
    
    
    223,000Light, Sweet Crude Oil (4 contracts, settlement date February 20, 2009)
    
    
    (0.79
    )
    
    
    (139,260
    )
    
    
    194,360Light, Sweet Crude Oil (4 contracts, settlement date March 20, 2009)
    
    
    (0.40
    )
    
    
    (69,720
    )
    
    
    202,280Light, Sweet Crude Oil (4 contracts, settlement date April 21, 2009)
    
    
    (0.16
    )
    
    
    (27,460
    )
    
    
    207,840Light, Sweet Crude Oil (4 contracts, settlement date May 19, 2009)
    
    
    (0.14
    )
    
    
    (25,390
    )
    
    
    212,640Live Cattle (10 contracts, settlement date February 27, 2009)
    
    
    (0.17
    )
    
    
    (30,520
    )
    
    
    344,200Live Cattle (10 contracts, settlement date April 30, 2009)
    
    
    (0.24
    )
    
    
    (42,410
    )
    
    
    356,400Live Cattle (9 contracts, settlement date June 30, 2009)
    
    
    (0.05
    )
    
    
    (9,700
    )
    
    
    310,320Natural Gas (4 contracts, settlement date January 28, 2009)
    
    
    (0.02
    )
    
    
    (4,090
    )
    
    
    224,880Natural Gas (4 contracts, settlement date February 25, 2009)
    
    
    (0.42
    )
    
    
    (74,570
    )
    
    
    226,280Natural Gas (4 contracts, settlement date March 27, 2009)
    
    
    (0.53
    )
    
    
    (93,420
    )
    
    
    229,000Natural Gas (3 contracts, settlement date April 28, 2009)
    
    
    (0.11
    )
    
    
    (20,160
    )
    
    
    173,850Natural Gas (3 contracts, settlement date May 27, 2009)
    
    
    (0.08
    )
    
    
    (13,380
    )
    
    
    177,120Platinum (11 contracts, settlement date April 28, 2009)
    
    
    0.26
    
    
    
    46,325
    
    
    
    517,825Platinum (10 contracts, settlement date July 29, 2009)
    
    
    0.27
    
    
    
    46,800
    
    
    
    473,250Silver (6 contracts, settlement date March 27, 2009)
    
    
    0.18
    
    
    
    31,825
    
    
    
    338,850Silver (6 contracts, settlement date May 27, 2009)
    
    
    (0.43
    )
    
    
    (74,830
    )
    
    
    339,210Silver (6 contracts, settlement date July 29, 2009)
    
    
    0.28
    
    
    
    49,770
    
    
    
    339,450Soybean (7 contracts, settlement date March 13, 2009)
    
    
    (0.11
    )
    
    
    (18,838
    )
    
    
    343,000Soybean (7 contracts, settlement date May 14, 2009)
    
    
    (0.50
    )
    
    
    (87,738
    )
    
    
    347,025Soybean (7 contracts, settlement date July 14, 2009)
    
    
    0.21
    
    
    
    35,788
    
    
    
    350,963Sugar (26 contracts, settlement date February 27, 2009)
    
    
    (0.04
    )
    
    
    (7,806
    )
    
    
    343,907Sugar (25 contracts, settlement date April 30, 2009)
    
    
    (0.24
    )
    
    
    (41,742
    )
    
    
    344,400Sugar (24 contracts, settlement date June 30, 2009)
    
    
    0.08
    
    
    
    14,605
    
    
    
    340,301Wheat (11 contracts, settlement date March 13, 2009)
    
    
    (0.14
    )
    
    
    (24,412
    )
    
    
    335,913Wheat (11 contracts, settlement date May 14, 2009)
    
    
    (0.44
    )
    
    
    (77,575
    )
    
    
    342,925Wheat (11 contracts, settlement date July 14, 2009)
    
    
    0.17
    
    
    
    30,438
    
    
    
    348,700Net Unrealized Depreciation on Futures Contracts
    
    
    (10.72
    )%
    
    $
    (1,880,290
    )
    
    $
    17,498,138
  29




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##### Table of Contents



GreenHaven Continuous Commodity Index Fund
Consolidated Statements of Income and Expenses
For the Years Ended December 31, 2008 and December 31, 2007
 Year
    
    
    YearEnded
    
    
    EndedDecember 31, 2008
    
    
    December 31, 2007IncomeInterest income
    
    $
    338,455
    
    
    $
    ExpensesManagement fee to related party
    
    
    188,888
    
    
    
    Brokerage commissions and fees
    
    
    54,945
    
    
    
    Total expenses
    
    
    243,833
    
    
    
    Net Investment Income
    
    
    94,622
    
    
    
    Realized and Net Change in Unrealized Gain (Loss) on
Investments and Futures ContractsRealized Gain (Loss) onInvestments
    
    
    2,725
    
    
    
    Futures Contracts
    
    
    (5,219,696
    )
    
    
    Net Realized Loss
    
    
    (5,216,971
    )
    
    
    Net Change in Unrealized Gain (Loss) onInvestments
    
    
    1,469
    
    
    
    Futures Contracts
    
    
    (1,880,290
    )
    
    
    Net Change in Unrealized Gain (Loss)
    
    
    (1,878,821
    )
    
    
    Net Realized and Unrealized Loss on Investments
and Future Contracts
    
    
    (7,095,792
    )
    
    
    Net Loss
    
    $
    (7,001,170
    )
    
    $
    
  30




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##### Table of Contents



GreenHaven Continuous Commodity Index Fund
Consolidated Statements of Changes in Shareholders Equity
For the Year Ended December 31, 2008 and 2007
 General Units
    
    
    Limited Units
    
    
    TotalTotal
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    TotalGeneral
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Limited
    
    
    TotalGeneral Units
    
    
    Accumulated
    
    
    Subscription
    
    
    Shareholders
    
    
    Limited Units
    
    
    Accumulated
    
    
    Shareholders
    
    
    ShareholdersUnits
    
    
    Amount
    
    
    Earnings
    
    
    Receivable
    
    
    Equity
    
    
    Units
    
    
    Amount
    
    
    Earnings
    
    
    Equity
    
    
    EquityBalance at December 31, 2006
    
    
    50
    
    
    $
    1,500
    
    
    $
    
    
    
    $
    (1,500
    )
    
    $
    
    
    
    
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    Activity for 2007
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Balance at December 31, 2007
    
    
    50
    
    
    
    1,500
    
    
    
    
    
    
    
    (1,500
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Collection of Subscription receivable
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,500
    
    
    
    1,500
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,500Sale of Units
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,550,000
    
    
    
    49,787,546
    
    
    
    
    
    
    
    49,787,546
    
    
    
    49,787,546Redemption of Limited Units
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (750,000
    )
    
    
    (25,248,052
    )
    
    
    
    
    
    
    (25,248,052
    )
    
    
    (25,248,052
    )Net loss:Net investment income
    
    
    
    
    
    
    
    
    
    
    6
    
    
    
    
    
    
    
    6
    
    
    
    
    
    
    
    
    
    
    
    94,616
    
    
    
    94,616
    
    
    
    94,622Net realized loss on Investments
and Futures Contracts
    
    
    
    
    
    
    
    
    
    
    (359
    )
    
    
    
    
    
    
    (359
    )
    
    
    
    
    
    
    
    
    
    
    (5,216,612
    )
    
    
    (5,216,612
    )
    
    
    (5,216,971
    )Net change in unrealized loss
on Investments and
Futures Contracts
    
    
    
    
    
    
    
    
    
    
    (51
    )
    
    
    
    
    
    
    (51
    )
    
    
    
    
    
    
    
    
    
    
    (1,878,770
    )
    
    
    (1,878,770
    )
    
    
    (1,878,821
    )Net loss
    
    
    
    
    
    
    
    
    
    
    (404
    )
    
    
    
    
    
    
    (404
    )
    
    
    
    
    
    
    
    
    
    
    (7,000,766
    )
    
    
    (7,000,766
    )
    
    
    (7,001,170
    )Balance at December 31, 2008
    
    
    50
    
    
    $
    1,500
    
    
    $
    (404
    )
    
    $
    
    
    
    $
    1,096
    
    
    
    800,000
    
    
    $
    24,539,494
    
    
    $
    (7,000,766
    )
    
    $
    17,538,728
    
    
    $
    17,539,824
  31




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##### Table of Contents



GreenHaven Continuous Commodity Index Fund
Consolidated Statements of Cash Flows
For the Years Ended December 31, 2008 and December 31, 2007
 Year
    
    YearEnded
    
    EndedDecember 31, 2008
    
    December 31, 2007Cash flow from operating activities:Net Loss
    
    $
    (7,001,170
    )
    
    $
    Adjustments to reconcile net loss to net cash used for operating activities:Purchase of Investment securities
    
    
    (101,741,449
    )
    
    
    Proceeds from investment securities
    
    
    97,065,528
    
    
    
    Net accretion of discount and amortization of premium
    
    
    (319,750
    )
    
    
    Net realized gain on investment securities
    
    
    (2,725
    )
    
    
    Unrealized loss on investments
    
    
    1,878,821
    
    
    
    Increase in other assets
    
    
    (1,099,695
    )
    
    
    Increase in accrued expenses
    
    
    11,076
    
    
    
    Net cash used for operating activities
    
    
    (11,209,364
    )
    
    
    Cash flows from financing activities:Capital shares receivable and other assets
    
    
    1,500Proceeds from sale of Limited Units
    
    
    49,787,546
    
    
    
    Redemption of Units
    
    
    (25,248,052
    )
    
    
    Net cash provided by financing activities
    
    
    24,540,994
    
    
    
    Net change in cash
    
    
    13,331,630
    
    
    
    Cash held by broker at beginning of period
    
    
    
    
    
    
    Cash held by broker at end of period
    
    $
    13,331,630
    
    
    $
    
  32




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##### Table of Contents



GreenHaven Continuous Commodity Index Fund
Notes to Consolidated Financial Statements
December 31, 2008
 (1) Organization
      (2) Service Providers and Related Party Agreements
    33




---



##### Table of Contents



(3) Summary of Significant Accounting Policies
 (a) Use of Estimates
  (b) Cash Held by Broker
  (c) United States Treasury Obligations
  (d) Income Taxes
  34




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##### Table of Contents



(e) Futures Contracts
  (f) Basis of Presentation & Consolidation
  (4) Fair Value Measurements
       Investments
    
    Other FinancialValuation inputs
    
    in Securities
    
    Instruments*Level 1 - Quoted Prices
    
    $
    
    
    
    $
    (1,880,290
    )Level 2 - Other Significant Observable Inputs
    
    
    4,999,865
    
    
    
    Level 3 - Significant Unobservable Inputs
    
    
    
    
    
    
    Total
    
    $
    4,999,865
    
    
    $
    (1,880,290
    )
 
 *
    
    Other financial instruments are futures contracts, which are valued at the closing exchange
price. 35




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##### Table of Contents



(5) Financial Instrument Risk
     (6) Share Purchases and Redemptions
 (a) Purchases
  (b) Redemptions
   36




---



##### Table of Contents



(7) Operating Expenses, Organizational and Offering Costs
 (a) Management Fee
  (b) Organization and Offering Expenses
  37




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##### Table of Contents



(c) Brokerage Commissions and Fees
  (d) Extraordinary Fees and Expenses
  (e) Routine Operational, Administrative and Other Ordinary Expenses
  (8) Termination
  (9) Profit and Loss Allocations and Distributions
  (10) Net Asset Value and Financial Highlights
  38




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##### Table of Contents



PeriodEndedDecember 31, 2008Net Asset ValueInitial offering price per Share
    
    $
    30.00Net realized and change in unrealized loss from
investments
    
    
    (8.20
    )Net investment income
    
    
    0.12Net decrease in net assets from operations
    
    
    (8.08
    )Net asset value per Limited Share, beginning of period
    
    
    30.00Net asset value per Limited Share, end of period
    
    
    21.92Market value per Limited Share, beginning of period
    
    
    30.00Market value per Limited Share, end of period
    
    $
    21.92Ratio to average net assets (i)Net investment income
    
    
    0.43
    %Total expenses
    
    
    1.10
    %Total Return, at net asset value (ii)
    
    (26.9
    )%(iii)Total Return, at market value (ii)
    
    (26.9)%(iii)
 
 (i)
    
    Percentages are annualized.(ii)
    
    Percentages are not annualized.(iii)
    
    Percentages are calculated for the period January 23, 2008 to December
31, 2008 based on initial offering price upon commencement of investment
operations of $30.00. (11) Recently Issued Accounting Standards
 purchase method
    39




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##### Table of Contents



40




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##### Table of Contents



ITEM 9.
    
    CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
  
 ITEM 9A. CONTROLS AND PROCEDURES
 Disclosure controls and procedures
  Internal control over financial reporting
  Internal Control Integrated Framework
  
 ITEM 9B. OTHER INFORMATION
  41




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##### Table of Contents



PART III
 
 ITEM 10. MANAGERS AND EXECUTIVE OFFICERS OF THE REGISTRANT
   Name
    
    Age
    
    PositionAshmead Pringle
    
    
    63
    
    
    Chief Executive Officer and Member of the Board of DirectorsThomas Fernandes
    
    
    35
    
    
    Chief Financial Officer and Member of the Board of DirectorsMichael Loungo
    
    
    37
    
    
    Independent Director, Audit Committee MemberMarcus Bensman
    
    
    35
    
    
    Independent Director, Audit Committee MemberEdward ONeil
    
    
    58
    
    
    Independent Director, Audit Committee Member
  Ashmead Pringle
 Thomas Fernandes
  Michael Loungo
 Marcus Bensman
 42




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##### Table of Contents



Edward ONeil
 Audit Committee
  Other Committees
  Code of Ethics
  
 ITEM 11. EXECUTIVE COMPENSATION
 Executive Compensation
 1
 43




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##### Table of Contents



ITEM 12.
    
    SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
AND RELATED STOCKHOLDER MATTERS
  Amount and Nature ofTitle of Class
    
    Name and Address of Beneficial Owner
    
    Beneficial Ownership
    
    Percent of ClassGeneral Shares
    
    GreenHaven
Commodity Services
LLC
c/o GreenHaven
Commodity Services
LLC
3340 Peachtree Rd,
Suite 1910
Atlanta, GA 30326
    
    50 shares
    
    
    100
    %
  
 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
  44




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##### Table of Contents



ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES
 Audit and Non-Audit Fees
  Fiscal Year Ended
    
    
    Fiscal Year EndedDecember 31, 2008
    
    
    December 31, 2007Audit Fees
    
    $
    130,218
    
    
    $
    85,612Audit-Related Fees
    
    $
    
    
    
    $
    Tax Fees
    
    $
    
    
    
    $
    All Other Fees
    
    $
    
    
    
    $
    Total
    
    $
    130,218
    
    
    $
    85,612
 Approval of Independent Registered Public Accounting Firm Services and Fees
  
 ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
 (a)(1) Financial Statements
  (a)(2) Financial Statement Schedules
  (a)(3) Exhibits
  EXHIBIT NO.
    
    DESCRIPTION4.1
    
    Amended Declaration of Trust and Trust Agreement of the Registrant*4.2
    
    Amended Declaration of Trust and Trust Agreement of the Co-Registrant*4.3
    
    Form of Participant Agreement****10.1
    
    Form of Escrow Agreement***10.2
    
    Form of Global Custody Agreement***10.3
    
    Form of Administration Agreement***10.4
    
    Form of Transfer Agency and Service Agreement***10.5
    
    Form of Distribution Services Agreement**10.6
    
    Marketing Agreement with ALPS Distributors, Inc**.
 45




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##### Table of Contents



EXHIBIT NO.
    
    DESCRIPTION10.7
    
    License Agreement*10.9
    
    Addendum to License Agreement*****31.1
    
    Certificate Pursuant to Rule 13a-14(a) under the Securities Exchange
Act of 1934 (filed herewith)31.2
    
    Certificate Pursuant to Rule 13a-14(a) under the Securities Exchange
Act of 1934 (filed herewith)32.1
    
    Certificate Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)32.2
    
    Certificate Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)99.1
    
    Prospectus filed by the registrant on January 14, 2008 as
supplemented on January 18, January 23, and February 20, 2008
pursuant to Rule 424(b)(3) of the Securities Act (File No.333-138424)
 
 *
    
    Previously filed as an exhibit to Form S-1 on November 3, 2006 and incorporated herein by reference.**
    
    Previously filed as an exhibit to Form 8-K on January 14, 2008 and incorporated herein by reference.***
    
    Previously filed as an exhibit to Pre-Effective Amendment No. 2 to Form S-1 on August 1, 2007 and
incorporated herein by reference.****
    
    Previously filed as an exhibit to Pre-Effective Amendment No. 3 to Form S-1 on October 2, 2007 and
incorporated herein by reference.
***** Previously filed as an exhibit to Form 8-K on March 6, 2009 and incorporated herein by reference. 46




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##### Table of Contents



SIGNATURES
  GreenHaven Continuous Commodity Index FundBy:
    
    GreenHaven Commodity Services LLC,its Managing OwnerBy:
    
    /s/ Ashmead PringleName:
Title:
    
    Ashmead Pringle
Director and Chief Executive OfficerDated: March 27, 2009
    
    
    
    By:
    
    /s/ Thomas J. FernandesName:
Title:
    
    Thomas J. Fernandes
Chief Operating Officer (principal
financial officer)
 47