Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~January~~March 1424, 2008

LITTLE SIOUX CORN PROCESSORS, L.L.C.

(Exact name of small business issuer as specified in its charter)

Iowa		0001229899		42-1510421
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

4808 F Ave.

Marcus, IA 51035

(Address of principal executive offices)

(712) 376-2800

(Issuer’s telephone number)

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

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Item~~ o ~~2.02~~Soliciting ~~Results~~material ofpursuant ~~Operations~~to ~~and~~Rule 14a-12 under ~~Financial~~the ~~Condition~~Exchange ~~and~~Act ~~Item~~(17 ~~7.01~~CFR ~~Regulation FD Disclosure~~240.14a-12)

On o ~~January 14,~~Pre-commencement ~~2008 the~~communications ~~Registrant’s~~pursuant ~~Board of Directors, acting as general partner of LSCP, LLLP, approved a cash distribution of $15,494,454~~ to ~~LSCP, LLLP partners of record as of January~~Rule ~~14, 2008. As a holder of approximately 60.15% of the~~14d-2(b) under ~~units of LSCP, LLLP,~~ the ~~Registrant~~Exchange ~~will~~Act ~~receive~~(17 aCFR ~~cash distribution of $9,320,518~~240. ~~On January 14, 2008, the Registrant’s Board of Directors approved a cash distribution of $56.10 per membership unit or a total of $9,206,851 to its unit holders of record as of January 14, 2008.~~14d-2(b))

A o ~~copy~~Pre-commencement ofcommunications ~~the~~pursuant ~~press release announcing and describing this distribution was made available on the Registrant’s website on January 18, 2008 and is attached hereto as Exhibit 99.1. Pursuant~~ to ~~the rules~~Rule and regulations of the Securities and Exchange Commission, such exhibit and the information set forth therein and herein shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended 13e-4(~~the “Exchange Act”~~c)~~, and shall not be deemed to be incorporated by reference in any filing~~ under ~~the Securities Act of 1933,~~ ~~as amended, or~~ the Exchange Act, ~~except~~(17 asCFR ~~shall be expressly set forth by specific reference in such a filing~~240.13e-4(c))

Item 52.0203 ~~Departure~~Creation of ~~Directors~~a orDirect ~~Principal~~Financial ~~Officers;~~Obligation ~~Election~~or ofan ~~Directors;~~Obligation ~~Appointment~~Under ofan ~~Principal~~Off-Balance ~~Officers;~~Sheet ~~Compensatory~~Arrangement ~~Arrangements~~ of ~~Certain~~a ~~Officers~~Registrant.

~~Cash Incentive~~Amended ~~Awards. On~~and ~~January 14,~~Restated ~~2008, the Registrant’s Board of Directors, acting as~~Construction ~~general~~Loan ~~partner~~Agreement ofbetween LSCP, LLLP, ~~approved~~ and ~~authorized~~First aNational ~~cash~~Bank ~~incentive awards for 2007 payable to all current employees~~ of ~~LSCP~~Omaha, ~~LLLP, including Steve Roe, our President and Chief Executive Officer, and Gary Grotjohn, our Chief Financial Officer~~N. ~~Each employee will receive a cash award in an amount equal to fifteen percent (15%) of each employee’s gross wages during calendar year 2007~~A.

~~Deferred Compensation~~Registrant ~~Awards. On~~is ~~January 14, 2008,~~ the ~~Registrant’s Board of Directors, acting as~~ general partner of LSCP, LLLP,. As ~~approved~~general ~~and~~partner, ~~authorized~~Registrant amanages ~~deferred compensation~~the ~~award~~business ofand ~~twenty~~day-to-day ~~percent~~operations ~~(20%)~~ of ~~base salary for the 2007 calendar year to the following executive officers: Steve Roe~~LSCP, ~~our President and Chief Executive Officer~~LLLP, and ~~Gary~~Registrant ~~Grotjohn,~~currently ~~our~~owns a ~~Chief Financial Officer~~60.15% ~~This deferred~~ownership ~~compensation~~interest ~~award~~in ~~was made pursuant to~~ LSCP, LLLP~~’s deferred compensation plan established on May 1, 2005~~. ~~The benefit will be one hundred percent (100%) vested on January~~ 16 Together, ~~2013,~~Registrant ~~provided Mr. Roe~~ and ~~Mr. Grotjohn~~LSCP, LLLP are ~~employed~~referred ~~full-time~~to byas us“we” ~~throughout~~or ~~the entire six-year period~~“us. ~~Any vested amounts will be paid out in a lump sum on the first business day following the day in which vesting is complete.~~”

~~Item~~On 9March 24, 2008, we borrowed $6,918,866 from First National Bank of Omaha, N.01A. ~~Financial~~(“FNBO”), ~~Statements~~pursuant to an Amended and ~~Exhibits~~Restated Construction Loan Agreement, dated April 5, 2007 (the “Amended Agreement”). Pursuant to the Amended Agreement, FNBO has agreed to loan us up to $73,000,000 (the “Construction Loan”) to be used for expanding our ethanol plant. We used the proceeds of the Construction Loan in connection with the expansion of our ethanol plant to a 92 million gallon per year facility.

During the construction period, interest on the Construction Loan will be payable on a quarterly basis on the outstanding principal amount at a variable rate equal to the 1 month LIBOR Rate, in effect from time to time, plus (da) ~~Exhibits~~ 310 basis points prior to acceleration or maturity, and (b) an additional 600 basis points after maturity, whether by acceleration or otherwise. Upon completion of our expansion, the Construction Loan will be converted into a term loan.

Exhibit No.		Description
99.1		Press Release dated January 18, 2008.

As of March 25, 2008, we had outstanding borrowings of $59,882,286 under the Construction Loan.

SIGNATURES

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

	LITTLE SIOUX CORN PROCESSORS, L.L.C.		~~LITTLE SIOUX CORN PROCESSORS, L.L.C.~~
Dated: January 18, 2008				By:	/s/ Gary Grotjohn
Dated: March 25, 2008	By	/s/ Gary Grotjohn
		Gary Grotjohn, Chief Financial Officer		~~Gary Grotjohn, Chief Financial Officer~~

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