Claymore Exchange-Traded Fund Trust 2 - Definitive materials filed by investment companies. (497)

CLAYMORE EXCHANGE-TRADED FUND TRUST 2

Claymore S&P Global Water Index ETF

Supplement to the currently effective Prospectus for the above listed Fund:

The second sentence of the last paragraph in the "Index Methodology" section in the Prospectus for the Fund is hereby deleted and replaced with the following:

The Index is rebalanced semi-annually.

The last sentence in the "Index Construction" section in the Prospectus for the Fund is hereby deleted and replaced with the following:

The Index is reconstituted semi-annually on the last trading dates of March and September of each year, with a reference date for the data being the last trading dates of the previous February and August, respectively.

Claymore Exchange-Traded Fund Trust 2 2455 Corporate West Drive Lisle, Illinois 60532

Please Retain This Supplement for Future Reference

September 17, 2008

Invesco S&P Global Water... (AMEX:CGW)
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