CLAYMORE EXCHANGE-TRADED FUND TRUST

Claymore/Zacks Yield Hog ETF (the "Fund")

Effective November 3, 2008, the name of the Fund will change to Claymore/Zacks Multi-Asset Income Index ETF. At that time, the name of the Fund's underlying index will change to the Zacks Multi-Asset Income Index.

Claymore Exchange-Traded Fund Trust 2455 Corporate West Drive Lisle, Illinois 60532

Please Retain This Supplement for Future Reference

September 8, 2008

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