OOK Ook Etf

Pursuant to Rule 497(e)
Securities Act File No. 333-149507

OOK, INC.

Supplement Dated November 17, 2009

to the Prospectus dated October 26, 2009 (as supplemented November 12, 2009)

The information after the title “FEES AND EXPENSES” on page 4 of the prospectus is hereby deleted and replaced with the following:

     The following table describes the fees and expenses you may pay if you buy and hold the Fund’s shares. Transaction costs incurred by the Fund for buying and selling securities are not reflected in the table. Operating expenses are expressed as a percentage of average daily net assets and are based upon estimated amounts for the current fiscal year.

SHAREHOLDER FEES
(fees paid directly from your investment)
Maximum Sales Charge (Load) Imposed on Purchases:		None
Transaction Fee on Purchases and Redemptions:		Varies 1
ANNUAL FUND OPERATING EXPENSES
(expenses deducted from the Fund’s assets)
Management Fee 2 :			.20	%
Other Expenses 3 :			.00	%
TOTAL ANNUAL FUND OPERATING EXPENSES:			.20	%

     The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds. This example assumes you invest $10,000 in the Fund for the time periods indicated and then sell of all of your shares at the end of such period. This example assumes you sell, rather than redeem your shares at the end of such periods because the Fund only redeems shares in Creation Units and, therefore, transaction fees on the purchase or redemption of Creation Units are not included. The example also assumes that the Fund provides a return of 5% each year and that the Fund’s operating expenses remain the same. This example does not include the brokerage commissions that investors will pay to buy and sell the Fund’s shares on the secondary market. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

1 YEAR		3 YEARS
$21			$66

     These examples should not be considered to represent actual expenses or performance from the past or for the future.

     You would pay the following costs if you purchased a Creation Unit with a value of $2,000,000, and redeemed the Creation Unit at the end of each referenced period, assuming a 5% return each year and that the Fund’s operating expenses remain the same:

1 YEAR		3 YEARS
$4,700*			$13,714	*

     These examples should not be considered to represent actual expenses or performance from the past or for the future. Actual future expenses may be higher or lower than those shown.

The second paragraph after the title “INVESTMENT ADVISOR” on page 10 of the prospectus is hereby deleted and replaced with the following:

     For the services it provides to the Fund, the Advisor receives a unified fee equal to .20% of the Fund’s average daily net assets. The advisory fee is calculated daily and paid monthly in arrears. Out of the advisory fee, the Advisor pays all fees and expenses of the transfer agent, the administrator and accounting agent and the custodian. The Advisor has also agreed to be responsible for the payment of all other expenses associated with the Fund’s operation, including but not limited to, brokerage expenses, taxes, interest, fees and expenses of counsel to the Fund, fees and expenses of its disinterested directors (including legal counsel fees), fees and expenses of its chief compliance officer and expenses associated with the Fund’s compliance program, litigation expenses, fees and

expenses of the Fund’s independent auditors, registration fees, expenses associated with compliance by the Fund with regulatory requirements, including those relating to the development and distribution of its prospectus and shareholder reports, and extraordinary expenses. Pursuant to the Investment Advisory Agreement, the Advisor is authorized to engage one or more sub-advisors to perform any of the services contemplated to be performed by the Advisor under the Investment Advisory Agreement. The Advisor is responsible for payment of any sub-advisory fee. A discussion regarding the basis for the Board of Director’s approval of the Investment Advisory Agreement will be available in the Fund’s annual or semi-annual reports.

OOK, INC.

Supplement dated November 17, 2009

to the Statement of Additional Information dated

October 26, 2009 (as supplemented November 12, 2009)

The third paragraph after the title “INVESTMENT ADVISOR” on page B-8 of the prospectus is hereby deleted and replaced with the following:

     For the services it provides to the Fund, the Advisor receives a unified advisory fee equal to an annual rate of .20% of the Fund’s average daily net assets. The fees are accrued daily and paid monthly. Out of the advisory fee, the Advisor pays all fees and expenses of the Transfer Agent, Administrator and Accounting Agent and Custodian. The Advisor has also agreed to be responsible for the payment of all other expenses associated with the Fund’s operation, including but not limited to, brokerage expenses, taxes, interest, fees and expenses of counsel to the Fund, fees and expenses of the Disinterested Directors (including legal counsel fees), fees and expenses of the Chief Compliance Officer and expenses associated with the Fund’s compliance program, litigation expenses, fees and expenses of the Fund’s independent auditors, registration fees, expenses associated with compliance by the Fund with mandatory regulatory mandates, including those relating to the development and distribution of its prospectus and shareholder reports, and extraordinary expenses.

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