This report has been prepared in response to decision 1/CMP.3 requesting the Adaptation Fund Board to report on its activities at each session of the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol (CMP) and covers the period from December 2009 to September 2010. The Chair will report orally to the CMP at its sixth session on activities carried out from September 2010 to December 2010. The report provides information on progress made with respect to the Adaptation Fund, in particular on the implementation of tasks mandated by the CMP, and recommends actions to be taken by the CMP, as appropriate. The report contains, inter alia, a draft decision prepared for approval by the CMP in accordance with decision 1/CMP.3 and information on decisions and actions taken by the Adaptation Fund Board to be noted by the CMP