SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP FOUR TIMES SQUARE NEW YORK 10036-6522 --------Legal Counsel Engagement • November 29th, 2006 • MACRO Securities Depositor, LLC • Asset-backed securities
We have served as counsel to MACRO Securities Depositor, LLC (the "Depositor") in its capacity as depositor of the Claymore MACROshares Oil Up Holding Trust (the "Oil Up Holding Trust") and the Claymore MACROshares Oil Up Tradeable Trust (the "Oil Up Tradeable Trust," and, together with the Oil Up Holding Trust, the "Trusts") in connection with the formation of the Trusts and the preparation and filing of a Registration Statement on Form S-1 (Registration No. 333-116566), as amended (the "Registration Statement"), including the prospectus included in Part I of the Registration Statement (the "Prospectus"), with the Securities and Exchange Commission under the Securities Act of 1933, as amended, and the rules and regulations thereunder (collectively, the "1933 Act"). The Registration Statement relates to the proposed registration under the 1933 Act of 7,500,000 shares of fractional undivided beneficial interest in and ownership of the Oil Up Holding Trust (the "Holding Shares") and 7,50
MACRO SECURITIES DEPOSITOR, LLC, as Depositor, INVESTORS BANK & TRUST COMPANY, as Trustee,Claymore Macroshares Oil Down Tradeable Trust Agreement • November 29th, 2006 • MACRO Securities Depositor, LLC • Asset-backed securities • New York
MACRO SECURITIES DEPOSITOR, LLC, as Depositor, INVESTORS BANK & TRUST COMPANY, as Trustee,Claymore Macroshares Oil Down Holding Trust Agreement • November 29th, 2006 • MACRO Securities Depositor, LLC • Asset-backed securities • New York
MACRO SECURITIES DEPOSITOR, LLC, as Depositor, INVESTORS BANK & TRUST COMPANY, as Trustee,Claymore Macroshares Oil Up Tradeable Trust Agreement • November 29th, 2006 • MACRO Securities Depositor, LLC • Asset-backed securities • New York
MACRO SECURITIES DEPOSITOR, LLC, as Depositor, INVESTORS BANK & TRUST COMPANY, as Trustee,Claymore Macroshares Oil Up Holding Trust Agreement • November 29th, 2006 • MACRO Securities Depositor, LLC • Asset-backed securities • New York
Skadden, Arps, Slate, Meagher & Flom LLP FOUR TIMES SQUARE NEW YORK 10036-6522 ________Tax Counsel Opinion • November 29th, 2006 • MACRO Securities Depositor, LLC • Asset-backed securities
