EFTA Document EFTA01365216

IMPORTANT NOTICE Attached is an electronic copy of the Offering Circular (the "Offering Circular"), dated January 17, 2007, relating to the contemplated offering by (i) Clear Lake CLO, Ltd. (the "Issue?') and Clear Lake CLO, Corp. (the "Co-Issue?' and, together with the Issuer, the "Co-Issuers") of Class A-I Floating Rate Senior Notes, Class A-2 Floating Rate Senior Notes, Class B Floating Rate Deferrable Senior Subordinate Notes and Class C Floating Rate Deferrable Senior Subordinate Note