CLAYMORE CEF INDEX RISK/RETURN
(12/31/07—3/31/10)

CLAYMORE CEF INDEX CALENDAR YEAR RETURNS
Annual total returns are for the noted 1-year periods beginning 12/31 and ending 12/31 the following year.
| YEAR | CEF INDEX1 | S&P 500 INDEX2 |
| 2008 | -42.42 % | -37.00 % |
| 2009 | 54.11 % | 26.46 % |