MACROSHARES OIL DOWN TRADEABLE (DOY)

[Soapy Bubbles]

<font color=green> *** READ THIS OR ELSE

A termination trigger occurred on April 16, 2008 as a result of the fact that the Applicable Reference Price of Crude Oil was at or above $111 for three consecutive price determination days. An early termination date will occur on June 26, 2008 and the final distribution payment date will occur on July 3, 2008. Upon receipt of the final distribution on that distribution payment date, both the MACROshares Oil Down Holding Shares and the MACROshares Oil Down Tradeable Shares will be redeemed. After the MACROshares Oil Down Holding Trust and the MACROshares Oil Down Tradeable Trust have made such final distribution, both of the trusts will be terminated by us.

Ref: The S-1 Document in the SEC link found in the iBOX.