-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 QGwQq9y08kWnvoxt0NUrhqOAu4cyHACnOfhJws8hHP+N8HRo7D4IBd7kfjmrWgQE
 nA6Isg+1sahSxWoZzcHb8w==

<SEC-DOCUMENT>0000897069-08-000006.txt : 20080102
<SEC-HEADER>0000897069-08-000006.hdr.sgml : 20080101
<ACCEPTANCE-DATETIME>20080102143800
ACCESSION NUMBER:		0000897069-08-000006
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080102
DATE AS OF CHANGE:		20080102

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CURRENCYSHARES CANADIAN DOLLAR TRUST
		CENTRAL INDEX KEY:			0001353612
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-132363
		FILM NUMBER:		08501284

	BUSINESS ADDRESS:	
		STREET 1:		C/O RYDEX INVESTMENTS, ATTN: TIM MEYER
		STREET 2:		9601 BLACKWELL ROAD, SUITE 500
		CITY:			ROCKVILLE
		STATE:			MD
		ZIP:			20850
		BUSINESS PHONE:		301-296-5129

	MAIL ADDRESS:	
		STREET 1:		C/O RYDEX INVESTMENTS, ATTN: TIM MEYER
		STREET 2:		9601 BLACKWELL ROAD, SUITE 500
		CITY:			ROCKVILLE
		STATE:			MD
		ZIP:			20850

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CURRENCYSHARES CANADIAN DOLLAR TRUST
		CENTRAL INDEX KEY:			0001353612
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		C/O RYDEX INVESTMENTS, ATTN: TIM MEYER
		STREET 2:		9601 BLACKWELL ROAD, SUITE 500
		CITY:			ROCKVILLE
		STATE:			MD
		ZIP:			20850
		BUSINESS PHONE:		301-296-5129

	MAIL ADDRESS:	
		STREET 1:		C/O RYDEX INVESTMENTS, ATTN: TIM MEYER
		STREET 2:		9601 BLACKWELL ROAD, SUITE 500
		CITY:			ROCKVILLE
		STATE:			MD
		ZIP:			20850
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>cmw3183.htm
<DESCRIPTION>FREE WRITING PROSPECTUS
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Issuer Free Writing
Prospectus <BR>Filed by CurrencyShares<SUP>SM</SUP> Canadian Dollar Trust <BR>Pursuant to Rule
433 under the Securities Act of 1933 <BR>Registration Statement No. 333-132363  <BR>Dated January
2, 2008  </FONT></P>



<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Subject line:
CurrencyShares<SUP>SM</SUP>: Cost-Effective Access to the Foreign Exchange Market </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Title:
CurrencyShares<SUP>SM</SUP>: Convenient, Cost-Effective Access to the Foreign Exchange
Market </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Looking for a way to further
diversify a portfolio beyond traditional asset classes? With a low correlation to stocks
and bonds, investing in CurrencyShares may help. CurrencyShares, an exchange traded suite
of products, offers investors and institutions of all sizes a convenient and
cost-effective method to access the foreign exchange market&#151;the largest and most
liquid financial market in the world. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Due to the grantor trust structure of
CurrencyShares, clear taxation rules are in place<SUP>1</SUP>. Some of the
CurrencyShares products may distribute interest to shareholders if interest earned during
the previous month exceeds the expenses of the particular trust. This interest is
distributed to the shareholders on a monthly basis and shareholders may reinvest the
payment as they wish. The interest is then taxed as ordinary income. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The benefits of an investment in
CurrencyShares include: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Hang Lv 1-TNR" FSL="Project" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#149; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Clear
taxation rules<SUP>1</SUP></FONT></TD>
</TR>
</TABLE>


<!-- MARKER FORMAT-SHEET="Para Hang Lv 1-TNR" FSL="Project" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#149; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ETNs
are unsecured promissory notes while CurrencyShares represent an undivided interest in
         currency held in a bank account<SUP>2</SUP></FONT></TD>
</TR>
</TABLE>


<!-- MARKER FORMAT-SHEET="Para Hang Lv 1-TNR" FSL="Project" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#149; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The
sole asset of each trust is actual currency, rather than currency derivatives<SUP>3</SUP></FONT></TD>
</TR>
</TABLE>


<!-- MARKER FORMAT-SHEET="Para Hang Lv 1-TNR" FSL="Project" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#149; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Potential
monthly interest distribution<SUP>4</SUP></FONT></TD>
</TR>
</TABLE>


<!-- MARKER FORMAT-SHEET="Para Hang Lv 1-TNR" FSL="Project" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#149; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The
ability to utilize trading strategies to capture currency interest rate differentials</FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Click here</U> for frequently asked
questions about CurrencyShares and IRS Revenue Ruling 2008-1 or contact us at
877.RYDEX34<I>.</I> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Click here</U> to request an
information kit about currency investing. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=1><SUP>1</SUP> Shareholders of each
CurrencyShares trust will be treated, for U.S. federal income tax purposes, as if they
owned a proportion of the assets held by the particular trust. Therefore, shareholders are
required to recognize gains or losses when the trust converts the foreign currency it
holds to U.S. dollars to pay the sponsor&#146;s fee or to make distributions to the
shareholders. Any long-term or short-term gains in CurrencyShares due to currency moves
are taxed at an ordinary rate. </FONT></P>




<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=1><SUP>2</SUP> CurrencyShares products
are structured as grantor trusts. They are exchange traded products that are registered
under the Securities Act of 1933 and the Securities Exchange Act of 1934. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=1><SUP>3</SUP> The
depository&#151;JPMorgan Chase Bank, N.A., London Branch&#151;will accept deposits of the
appropriate foreign currency for each CurrencyShares trust and facilitate the transfer of
the foreign currency into and out of each trust. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=1><SUP>4</SUP> Although CurrencyShares
may pay monthly interest, provided that interest in a given month exceeds trust expenses,
such interest is not expected to form a significant part of the shareholders&#146;
investment return. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>This information must be
accompanied by each CurrencyShares trust&#146;s current prospectus, which may be obtained
directly by accessing the following links: <U>CurrencyShares Australian Dollar (FXA)</U>;
<U>CurrencyShares British Pound Sterling (FXB)</U>; <U>CurrencyShares Canadian Dollar
(FXC)</U>; <U>CurrencyShares Euro (FXE)</U>; <U>CurrencyShares Japanese Yen (FXY)</U>;
<U>CurrencyShares Mexican Peso (FXM)</U>; <U>CurrencyShares Swedish Krona (FXS)</U>;
<U>CurrencyShares Swiss Franc (FXF)</U>. Alternatively, a current prospectus for each of
the trusts may be obtained free of charge by calling 800.820.0888. Each prospectus
contains more complete information about the specific CurrencyShares trust. Investors
should consider the investment objective, risks, charges, and expenses of each
CurrencyShares trust carefully before investing. Each trust&#146;s prospectus contains
this and other information about the trust. Please read the appropriate prospectus
carefully before you invest. CurrencyShares trusts are not investment companies registered
under the Investment Company Act of 1940.</I></B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=1><B>CurrencyShares are subject to
risks similar to those of stocks and may not be suitable for all investors</B>. Investors
should consider the investment objectives, risks, charges and expenses of these products
carefully before investing. The prospectus pertaining to each product contains this and
other information about the product. Please read the applicable prospectus, including the
Risk Factors section, carefully before you invest. Shares can be bought and sold through a
broker and the selling shareholder may have to pay brokerage commissions in connection
with the sale. Investment returns and principal value will fluctuate so that when shares
are redeemed, they may be worth more or less than original cost. Shares may only be
redeemed directly from the trust by authorized participants via baskets (as defined in the
prospectus). There can be no assurance that an active trading market for the shares will
develop or be maintained. The value of the shares relates directly to the value of the
currency held by the trust. For a more complete discussion of risk factors applicable to
the trust, read the prospectus carefully. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=1>This information does not constitute
tax advice. Please consult your tax advisor and/or state and local tax offices for more
complete information. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=1>CurrencyShares is a service mark of
Rydex Investments and is protected by copyright. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Rydex Specialized Products LLC, d/b/a
Rydex Investments, is the sponsor of each of the CurrencyShares trusts. Rydex
Distributors, Inc., an affiliate of Rydex Investments and Rydex Specialized Products LLC,
is the distributor of each of the CurrencyShares trusts. </FONT></P>





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 2; page: 2" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Questions and Answers
about IRS Revenue Ruling 2008-1</U> </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Project" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>What is the ruling about? </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Revenue Ruling 2008-1, which was
issued on December 7, 2007, describes the tax treatment of a financial instrument which is
purchased with the U.S. dollar equivalent of a specified amount of foreign currency and
which provides that at maturity the issuer will deliver the U.S. dollar equivalent of the
specified amount of foreign currency plus the U.S. dollar value of a return based on
market interest rates in the foreign currency. The ruling holds that this instrument is
classified as debt, even though the amount of U.S. dollars received at maturity may be
less than the amount of U.S. dollars used to purchase the instrument. This treatment
applies whether the instrument is privately-offered, publicly-offered or traded on an
exchange. Therefore, any interest accrued during the contract is taxable to investors as
the interest accrues, and a gain or loss from the sale or redemption of the instrument
will be ordinary. Some industry participants had claimed that certain foreign currency
exchange traded notes (ETNs) were not classified as debt and that the holders could defer
the recognition of the amounts accruing on the ETNs, and could obtain the benefits of the
preferential long-term capital gains rate (15%) upon the sale or redemption of the ETNs. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Project" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Does this new ruling
affect Rydex CurrencyShares<SUP>SM</SUP>? </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>No. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>What are the tax implications for
the investors in CurrencyShares products?</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Shareholders of each CurrencyShares
Trust will continue to be treated, for U.S. federal income tax purposes, as if they owned
a pro rata share of the assets held by the particular Trust. Because of this, the income
and expenses of each Trust &#147;flow through&#148; to the Trust&#146;s shareholders. Any
U.S. person who owns CurrencyShares is required to recognize currency exchange gains or
losses when the Trust converts the foreign currency it holds to U.S. dollars to make
distributions to the shareholders, or uses the foreign currency it holds to pay the
sponsor&#146;s fee. Any U.S. person who owns CurrencyShares is also required to recognize
interest income at the time that the corresponding Trust receives interest earnings.
Shareholders should refer to the applicable CurrencyShares Trust prospectus for important
tax information. The preferential federal income tax rate generally applicable to
long-term capital gains does not apply to any gains (long-term or short-term) on
CurrencyShares or to any interest income attributable to CurrencyShares. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Project" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Do the CurrencyShares
products earn income? </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Shareholders may earn income,
although earning income for shareholders is not the objective of the CurrencyShares
Trusts. Whether investors earn income primarily depends on the relative value of the
currency held by the Trust and the U.S. dollar. In general, a currency exchange gain will
be recognized by a shareholder if the currency held by the Trust appreciates relative to
the U.S. dollar during the period that the shareholder owns CurrencyShares. A currency
exchange loss will be recognized by a shareholder if the currency held by the Trust
depreciates relative to the U.S. dollar during the period that the shareholder owns
CurrencyShares. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Do the CurrencyShares products
make income distributions to shareholders?</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Although paying interest is not an
investment objective of the CurrencyShares Trusts, some of the Trusts may distribute
interest. In contrast to ETNs, which reinvest the interest earned, the Trusts may
distribute interest to shareholders on a monthly basis if interest earned during the
previous month exceeds the expenses of the particular Trust. </FONT></P>




<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 39; page: 39" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>How does the CurrencyShares
product structure differ from the ETN structure?</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CurrencyShares products are
structured as grantor trusts. They are exchange traded products that are registered under
the Securities Act of 1933 and the Securities Exchange Act of 1934, and are subject to SEC
prospectus delivery and periodic reporting requirements. As opposed to ETNs, which are
unsecured promissory notes, CurrencyShares represent an undivided interest in currency
held in a bank account (at JPMorgan Chase Bank N.A., London Branch). </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>Each
CurrencyShares<SUP>SM</SUP> Trust is offered only by a current prospectus which may be
obtained by clicking on the following links: CurrencyShares Australian Dollar (FXA);
CurrencyShares British Pound Sterling (FXB); CurrencyShares Canadian Dollar (FXC);
Currency Shares Euro (FXE); CurrencyShares Japanese Yen (FXY); CurrencyShares Mexican
Peso(FXM); CurrencyShares Swedish Krona (FXS); CurrencyShares Swiss Franc (FXF).
Alternatively, a current prospectus for each of the Trusts may be obtained free of charge
by calling 800.870.0888. Each prospectus contains more complete information about the
specific CurrencyShares Trust. Investors should consider the investment objectives, risks,
charges, and expenses of each CurrencyShares Trust carefully before investing. Each
Trust&#146;s prospectus contains this and other information about the trust. Please read
the appropriate prospectus carefully before you invest or send money. CurrencyShares
Trusts are not investment companies registered under the Investment Company Act of 1940.</I></B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>CurrencyShares are subject to
risks similar to those of stocks and may not be suitable for all investors. </B>Investors
should consider the investment objectives, risks, charges and expenses of these products
carefully before investing. The prospectus pertaining to each product contains this and
other information about the product. Please read the applicable prospectus, including the
Risk Factors section, carefully before you invest. Shares can be bought and sold through a
broker and the selling shareholder may have to pay brokerage commissions in connection
with the sale. Investment returns and principal value will fluctuate so that when shares
are redeemed, they may be worth more or less than original cost. Shares may only be
redeemed directly from the Trust by Authorized Participants via baskets (as defined in the
prospectus). There can be no assurance that an active trading market for the shares will
develop or be maintained. The value of the shares relates directly to the value of the
currency held by the Trust. For a more complete discussion of risk factors applicable to
the Trust, read the prospectus carefully. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This information does not constitute
tax advice. Please consult your tax advisor and/or state and local tax offices for more
complete information. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CurrencyShares is a service mark of
Rydex Investments and is protected by copyright. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Rydex Specialized Products LLC, d/b/a
Rydex Investments, is the sponsor of each of the CurrencyShares Trusts. Rydex
Distributors, Inc., an affiliate of Rydex Investments and Rydex Specialized Products LLC,
is the distributor of each of the CurrencyShares Trusts. </FONT></P>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
