Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  NEW VERNON INVESTMENT MANAGEMENT LLC
 2. Date of Event Requiring Statement (Month/Day/Year)
08/23/2010		 3. Issuer Name and Ticker or Trading Symbol
BITSTREAM INC [BITS]
(Last)
(First)
(Middle)
799 CENTRAL AVE, SUITE 350		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HIGHLAND, IL 60035		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Class A Common Stock, $0.01 par value per share 1,135,462
I
See Footnote (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
NEW VERNON INVESTMENT MANAGEMENT LLC
799 CENTRAL AVE, SUITE 350
HIGHLAND, IL 60035		     X    

Signatures

/s/ New Vernon Investment Management LLC, by Barton Aronson, Authorized Signatory* 09/02/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) By NV North American Opportunity Fund.
 
Remarks:
As a result of a merger of Millennium Group LLC with and into New Vernon Investment Management LLC on August 23, 2010, New Vernon Investment Management LLC became the investment manager of NV North American Opportunity Fund.  By virtue of its relationship with NV North American Opportunity Fund, New Vernon Investment Management LLC may be deemed to indirectly beneficially own certain shares of Common Stock subject to this filing.  All of the shares reported on this Form 3 have been previously reported as beneficially owned on Forms 4 filed jointly by NV North American Opportunity Fund, Millennium Group LLC and Trent Stedman.  New Vernon Investment Management LLC disclaims beneficial ownership of all shares reported on this Form 3, except to the extent of its pecuniary interest therein.


* Pursuant to Power of Attorney attached hereto.

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