UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): ~~February~~March 2711, 2009

Highland Distressed Opportunities, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware (State or Jurisdiction of Incorporation or Organization) 814-00729 (Commission File Number) 205423854 (IRS Employer Identification No.)


Delaware	814-00729	205423854
(State or Jurisdiction of Incorporation or Organization)	(Commission File Number)	(IRS Employer Identification No.)

NexBank Tower
13455 Noel Road, Suite 800
Dallas, Texas 75240
(Address of Principal Executive Offices)

(877) 247-1888
(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:

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))

oITEM ~~Soliciting~~7.01. ~~material pursuant to Rule~~Regulation ~~14a-12~~FD ~~under the Exchange Act (17 CFR 240~~Disclosure.~~14a-12)~~

oOn ~~Pre-commencement~~March 11, ~~communications~~2009, ~~pursuant~~Highland toDistressed ~~Rule 14d-2~~Opportunities, Inc. (bthe “Company”) ~~under~~issued, for the ~~Exchange~~benefit of ~~Act~~all ~~(17~~investors, ~~CFR~~a ~~240~~summary of selected Company data, as of February 28, 2009.~~14d~~ This summary is included as Exhibit 99.1 to this Form 8-~~2(b))~~K and will be posted on the Company’s website, www.highlandhcd.com, under the segment entitled “Literature & Prospectus.”

oThe ~~Pre-commencement~~information ~~communications~~disclosed ~~pursuant~~under tothis ~~Rule~~Item ~~13e-4~~7.01, ~~(c)~~including Exhibit ~~under~~99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act ~~(17~~of ~~CFR~~1934, as ~~240.13e-4~~amended (cthe “Exchange Act”)) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

ITEM 2.02 Results of Operations and Financial Condition.

On February 27, 2009, Highland Distressed Opportunities, Inc. (the “Company”) issued a press release (the “Press Release”) announcing, among other things, its financial results for the year ended December 31, 2008. A copy of the Press Release is included as Exhibit 99.1 to this Form 8-K and will be posted on the Company’s website, www.highlandhcd.com, under the segment entitled “Literature & Prospectus.”

The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

ITEM 9.01 Financial Statements and Exhibits.

99.1 ~~Press~~HCD ~~Release~~— Summary — 02.28.2009, ~~dated~~issued ~~February~~on 27March 11, 2009.*


*		Furnished herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

	~~Highland Distressed Opportunities, Inc.~~	Highland Distressed Opportunities, Inc.
Date: February 27, 2009	By:	/s/ James D. Dondero
Date: March 11, 2009		By:		/s/ James D. Dondero
		Name:	~~James D. Dondero~~	James D. Dondero
		~~President (Principal Executive Officer)~~		President (Principal Executive Officer)

EXHIBIT INDEX

Exhibit Number		Description		~~Description~~
99.1	~~99.1~~	HCD — Summary — 02.28.2009, issued on March 11, 2009.		Press Release, dated February 27, 2009.*

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