Filed pursuant to Rule 497(b)
Registration File
No. 333-31247
DIAMONDS®
TRUST, SERIES 1
Supplement dated December 17, 2008
to
SUPPLEMENTAL
INFORMATION MEMORANDUM
FOR THE NETHERLANDS
dated February 28, 2008
Units
issued in respect of
DIAMONDS®
DIAMONDS
TRUST, SERIES 1
(A Unit Investment Trust organised in the United States)
Prospectus dated February 25, 2008
The Trust hereby makes the following changes to the Supplemental
Information Memorandum dated February 28, 2008, as amended
by supplements dated August 28, 2008 and October 24,
2008.
To reflect the change, as of December 18, 2008, in the
trading currency for DIAMONDS on Euronext Amsterdam from US
dollars ($) to euro (), the first sentence of the third
paragraph on
page S-3
is replaced in its entirety with the following sentence:
All orders to buy and sell DIAMONDS trading on Euronext
Amsterdam will be made in euro ().
To reflect a change to the calculation methodology for the
indicative net asset value, the first full paragraph on
page S-4
is replaced in its entirety with the following paragraph:
During trading hours on Euronext Amsterdam, Euronext N.V. will
calculate and publish throughout its trading day an intraday
figure in euro for a DIAMONDS unit called the indicative net
asset value
(INAV).(3)
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(3)
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Euronext N.V. makes every effort to ensure the accuracy of the
INAV. However, it should be noted that the INAV is derived from
external sources. Euronext N.V. accepts no explicit or implicit
liability for the accuracy, completeness or updating of the
INAV, or for the value thereof. The inability of Euronext N.V.
to provide the INAV will not itself result in a halt in the
trading of DIAMONDS on Euronext Amsterdam. The Sponsor is not
responsible for the calculation of the INAV and accepts no
explicit or implicit liability for the accuracy or completeness
of the INAV, or of the value thereof.
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To clarify the settlement process for DIAMONDS, the third
sentence of the third full paragraph is replaced in its entirety
with the following sentence:
DIAMONDS listed on Euronext Amsterdam can only be transferred
through the book-entry settlement system of Euroclear.
To reflect the resumption of trading of DIAMONDS on Euronext
Amsterdam, the third paragraph on
page S-14,
headed, LISTING, is amended to delete the fourth and
fifth sentences, to read as follows:
DIAMONDS are listed on Euronext Amsterdam. Trading takes place
within the NextTrack Segment. SNS Securities N.V. is acting as
the listing agent for DIAMONDS for the listing on Euronext
Amsterdam.