UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

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): ~~March~~May 2918, 2011

Campbell Alternative Asset Trust

(Exact name of registrant as specified in its charter)

Delaware	000-3311	52-2238521
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

c/o Campbell & Company, Inc.

2850 Quarry Lake Drive

Baltimore, Maryland 21209

(Address of principal executive offices)

(410) 413-2600

(Registrant’s telephone number, including area code)

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:

[ ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

Keith Campbell, ~~& Company~~founder, ~~Inc. (Campbell)~~Chairman, ~~managing owner~~ and ~~trading~~majority ~~advisor~~owner of ~~the~~ Campbell ~~Alternative~~& ~~Asset~~Company, ~~Trust (Trust)~~Inc., has ~~made~~been ~~the~~hospitalized ~~decision~~for totreatment ~~cease~~of ~~the~~a ~~Trust~~cerebral ~~offering, effective April 22, 2011~~aneurysm. ~~The~~ He ~~decision to cease the offering~~ is ~~the~~currently ~~precursor~~in tostable ~~closing~~condition ~~the~~and ~~Trust~~is asreceiving ofexcellent ~~May~~medical ~~31, 2011~~care. ~~The~~ Although ~~Trust~~Keith ~~initially~~has ~~began~~not ~~trading~~been involved in ~~October~~the ~~2001~~day-to-day ~~but~~operations ~~has~~or ~~not~~investment ~~offered~~processes ~~units~~of to the ~~public~~Company ~~since~~for ~~December~~many ~~2002; however~~years, ~~the~~he ~~registered~~remains ~~units~~a ~~continued~~source toof beinspiration ~~offered~~to ~~exclusively~~all ~~for~~of ~~sale~~us. Please tojoin ~~the~~everyone at Campbell & Company, ~~Inc.~~in ~~401(k)~~wishing ~~Plan~~Keith ~~(the~~a ~~Plan)~~speedy and full recovery.

The assets of the Trust are largely comprised (87%) of affiliated entities of Campbell; Campbell’s management team has elected to construct a more suitable entity to facilitate the Plan. The current, non-affiliated, investors in the Trust may have opportunities to invest in other Campbell fund or trust offerings based on suitability requirements and in consideration with ERISA capacity. This change is part of Campbell’s continuing efforts to focus administrative resources on our currently available offerings which hold the majority of Campbell & Company, Inc. assets.

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 thereunto duly authorized.

CAMPBELL ALTERNATIVE ASSET TRUST By: Campbell & Company, Inc. Managing Owner ~~By: /s/ Theresa D. Becks Theresa D. Becks President, Chief Executive Officer~~

~~March~~By: 29/s/ Theresa D. Becks Theresa D. Becks President, ~~2011~~Chief Executive Officer

May 18, 2011

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