<SEC-DOCUMENT>0001171200-16-000313.txt : 20160901
<SEC-HEADER>0001171200-16-000313.hdr.sgml : 20160901
<ACCEPTANCE-DATETIME>20160901080447
ACCESSION NUMBER:		0001171200-16-000313
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20160901
DATE AS OF CHANGE:		20160901

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			United States 12 Month Oil Fund, LP
		CENTRAL INDEX KEY:			0001405528
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		IRS NUMBER:				260431897
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-195437
		FILM NUMBER:		161864585

	BUSINESS ADDRESS:	
		STREET 1:		1999 HARRISON STREET
		STREET 2:		SUITE 1530
		CITY:			OAKLAND
		STATE:			CA
		ZIP:			94612
		BUSINESS PHONE:		(510) 522-9600

	MAIL ADDRESS:	
		STREET 1:		1999 HARRISON STREET
		STREET 2:		SUITE 1530
		CITY:			OAKLAND
		STATE:			CA
		ZIP:			94612
</SEC-HEADER>
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<TYPE>424B3
<SEQUENCE>1
<FILENAME>i00482_usl-424b3.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Filed pursuant to Rule 424(b)(3)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>File No. 333-195437</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES 12 MONTH OIL FUND, LP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Supplement No. 1 dated September 1, 2016</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>to</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Prospectus dated April 29, 2016</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in; text-align: justify">This supplement contains information which
amends, supplements or modifies certain information contained in the prospectus of United States 12 Month Oil Fund, LP (&ldquo;<B><I>USL</I></B>&rdquo;)
dated April 29, 2016 (the &ldquo;<B><I>Prospectus</I></B>&rdquo;). You should read this supplement together with the Prospectus
since the information contained herein supplements the information contained in the Prospectus. Capitalized terms used but not
defined herein shall have the same meaning given them in the Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in; text-align: justify"><B><I>Investing in USL involves risks similar
to those involved with an investment directly in the oil market, correlation risk, and other significant risks. See &ldquo;Risk
Factors Involved with an Investment in USL&rdquo; beginning on page 4 of the Prospectus.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Recent Developments</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">On July 29, 2016, the
Board of Directors of the United States Commodity Funds LLC (&ldquo;<B><I>USCF</I></B>&rdquo;), the general partner of USL, appointed
Andrew F Ngim as Chief Operating Officer of USCF, effective August 15, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">On September 1, 2016,
the Board of Directors of USCF appointed Kevin A. Baum as Chief Investment Officer of USCF, effective September 1, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>USL&rsquo;s Operations - USCF and its Management
and Traders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in; text-align: justify">The section entitled &ldquo;USCF and its Management
and Traders,&rdquo; which begins on page 25 of the Prospectus, is modified to delete the biographies of Andrew F Ngim and Kevin
A. Baum and to replace them with the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Cambria, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B><I>Andrew
F Ngim,</I></B>&nbsp;56, co-founded USCF in 2005 and has served as a Management Director since May 2005 and, since August 15, 2016,
has served as the Chief Operating Officer of USCF.&nbsp;Mr.&nbsp;Ngim has served as the portfolio manager for USCI, CPER and USAG
since January 2013.&nbsp;Mr.&nbsp;Ngim also served as USCF&rsquo;s Treasurer from June 2005 to February 2012. </FONT>In addition,
he has been on the Board of Managers and has served as the Assistant Secretary and Assistant Treasurer of USCF Advisers since its
inception in June 2013. Prior to and concurrent with his services to USCF and USCF Advisers, from January 1999 to January 2013,
Mr. Ngim served as a Managing Director for Ameristock Corporation, a California-based investment adviser, which he co-founded in
March 1995, and was Co-Portfolio Manager of Ameristock Mutual Fund, Inc. from January 2000 to January 2013. <FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;From
the period September 2014 to the present, Mr.&nbsp;Ngim also serves as portfolio manager of the Stock Split Index Fund, a series
of the USCF ETF Trust, as well as a Management Trustee of the USCF ETF Trust from the period of August 2014 to the present. Mr.&nbsp;Ngim
has been a principal of USCF listed with the CFTC and NFA since November&nbsp;2005.&nbsp;Mr.&nbsp;Ngim earned his B.A. from the
University of California at Berkeley.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><B><I>&nbsp;</I></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&ldquo;<B><I>Kevin A.
Baum</I></B>, 46, has served as a Portfolio Manager of USCF since March 2016 and, since September 1, 2016, has served as the Chief
Investment Officer of USCF. Prior to joining USCF, Mr. Baum temporarily retired from December 2015 to March 2016. Mr. Baum served
as the Vice President and Senior Portfolio Manager for Invesco PowerShares Capital Management LLC, an investment manager that manages
a family of exchange-traded funds, from October 2014 through December 2015. Mr. Baum was temporarily retired from May 2012 through
September 2014. From May 1993 to April 2012, Mr. Baum worked as the Senior Portfolio Manager, Head of Commodities for OppenheimerFunds,
Inc., a global asset manager. Mr. Baum has been a principal and associated person of USCF since March 2016 and became listed as
such with the CFTC via the NFA in April 2016. Mr. Baum is a CFA Charterholder, CAIA Charterholder, and earned a B.B.A. in Finance
from Texas Tech University.&rdquo;</P>

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