Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Briger Peter L JR
   2. Issuer Name and Ticker or Trading Symbol
Fortress Investment Group LLC [FIG] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Principal and Director
(Last)
(First)
(Middle)
C/O FORTRESS INVESTMENT GROUP LLC, 1345 AVENUE OF THE AMERICAS, 46TH FLOOR		 3. Date of Earliest Transaction (Month/Day/Year)
12/31/2010
(Street)

NEW YORK, NY 10105		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Fortress Operating Group Units (1) (1) 12/31/2010   G V   3,487,300   (1)   (1) Class A Shares 3,487,300 $ 0 0 I By 2008 Grantor Retained Annuity Trust
Fortress Operating Group Units (1) (1) 12/31/2010   G V 3,487,300     (1)   (1) Class A Shares 3,487,300 $ 0 3,487,300 I By Family Trust (2)
Fortress Operating Group Units (1) (1) 12/31/2010   G V   248,660   (1)   (1) Class A Shares 248,660 $ 0 3,238,640 I By Family Trust (2)
Fortress Operating Group Units (1) (1)               (1)   (1) Class A Shares 50,691,964   50,691,964 I By LLC (3)
Fortress Operating Group Units (1) (1)               (1)   (1) Class A Shares 12,396,000   12,396,000 I By 2010 Grantor Retained Annuity Trust
Fortress Operating Group Units (1) (1) 12/31/2010   J(4)   248,660     (1)   (1) Class A Shares 248,660 $ 5.56 248,660 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Briger Peter L JR
C/O FORTRESS INVESTMENT GROUP LLC
1345 AVENUE OF THE AMERICAS, 46TH FLOOR
NEW YORK, NY 10105		   X   X   Principal and Director  

Signatures

 /s/ Peter L. Briger, Jr.   01/04/2010
**Signature of Reporting Person Date
 /s/ Peter L. Briger, Jr. for WAINSCOTT HOLDINGS, LLC   01/04/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) A "Fortress Operating Group Unit" represents one unit of limited partnership interest in each of Fortress Operating Entity I LP and Principal Holdings I LP. The Reporting Person has the right, exercisable from time to time, to exchange each Fortress Operating Group Unit for one Class A Share of Fortress Investment Group LLC ("FIG"); provided that one Class B Share of FIG (which represents no economic interest in FIG) is concurrently delivered to FIG for cancellation. These transactions were effected solely for estate-planning purposes. The Reporting Person did not sell or otherwise dispose of any Fortress Operating Group Units or Class A Shares in these transactions. The Reporting Person's ownership of FIG did not decrease as a result of these transactions.
(2) The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
(3) Securities are held by Wainscott Holdings, LLC, formerly known as Brigfam AssetPro LLC.
(4) Securities were acquired by the Reporting Person in connection with a previous debt.
 
Remarks:
WAINSCOTT HOLDINGS, LLC

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