Fiduciary / Claymore MLP Opportunity Fund

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT

INVESTMENT COMPANY

Investment Company Act file number 811-21652

Fiduciary/Claymore MLP Opportunity Fund

(Exact name of registrant as specified in charter)

2455 Corporate West Drive

Lisle, IL 60532

(Address of principal executive offices) (Zip code)

Nicholas Dalmaso, Chief Legal and Executive Officer

Fiduciary/Claymore MLP Opportunity Fund

2455 Corporate West Drive

Lisle, IL 60532

(Name and address of agent for service)

Registrant’s telephone number, including area code: (630) 505-3700

Date of fiscal year end: November 30

Date of reporting period: June 30, 2007

Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant’s proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 



Item 1. Proxy Voting Record.


Claymore/Fiduciary MLP Opportunity Fund

Shares Voted

For Meetings Held

July 1, 2006 - June 30, 2007

 

Company

   Ticker    Cusip    Meeting Date    Agenda
Item
Number
  

Agenda Item

   Proposed
By
   Vote Cast    Vote with
Mgmt
   Shares
Voted

Copano Energy

   CPNO    217202100    5/24/2007    1    Elect Directors    Mgmt    For    Y    426,800
common;
839,204
restricted

Copano Energy

   CPNO    217202100    5/24/2007    2    Ratify Auditors    Mgmt    For    Y    426,800
common;
839,204
restricted

Energy Transfer Partners

   ETP    29273R109    5/1/2007    1    Stock Conversion    Mgmt    For    Y    139,100
common;
1,481,480
restricted

Energy Transfer Partners

   ETP    29273R109    8/15/2006    1    Security Conversion    Mgmt    For    Y    139,100

Magellan Midstream Partners

   MMP    559080106    4/25/2007    1    Elect Directors    Mgmt    For    Y    1,661,086

Magellan Midstream Partners

   MMP    559080106    4/25/2007    2    Amend Stock Compen Plan    Mgmt    For    Y    1,661,086

Pacific Energy Partners

   PPX    69422r105    11/9/2006    1    Approve Merger Agrmt    Mgmt    For    Y    145,900

Plains All Amer. Pipeline

   PAA    726503105    11/9/2006    1    Approve Merger Agrmt    Mgmt    For    Y    534,658

Plains All Amer. Pipeline

   PAA    726503105    11/9/2006    2    Approve Issuance of Warrants    Mgmt    For    Y    534,658

U S Shipping Partners

   USS    903417103    2/2/2007    1    Change Terms of Company’s Class B    Mgmt    For    Y    217,720
common;
88,523
restricted

U S Shipping Partners

   USS    903417103    2/2/2007    2    Issue Additional Common Units Upon Conversion    Mgmt    For    Y    217,720
common;
88,523
restricted

Valero GP Holdings

   VEH    91914G108    4/26/2007    1    Elect Directors    Mgmt    For    Y    266,600

Valero GP Holdings

   VEH    91914G108    4/26/2007    2    Ratify Auditors    Mgmt    For    Y    266,600

Williams Partners LP

   WPZ    96950F104    5/21/2007    1    Stock Conversion    Mgmt    For    Y    426,400


SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Fiduciary/Claymore MLP Opportunity Fund      
By:   /s/ Nicholas Dalmaso      
Name:   Nicholas Dalmaso      
Title:   Chief Legal and Executive Officer      
Date:   August 13, 2007