United States 12 Month Oil Fund

As of 2/8/2010
USL Facts
Ticker	USL
IIV	USL.IV
Listing Exchange	NYSE Arca
CUSIP	91288V103
ISIN	US91288V1035
Closing Price	$36.25
NAV	$36.32
Premium / (Discount)	(0.19)%
Shares Outstanding	4,100,000

The United States 12 Month Oil Fund, LP ("USL") is an exchange traded security that is designed to track the movements of West Texas Intermediate light, sweet crude oil (WTI). USL issues units that may be purchased and sold on the NYSE Arca.

The investment objective of USL is to have the changes in percentage terms of the units’ net asset value reflect the changes in percentage terms of the price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the changes in the average of the prices of 12 Futures Contracts on crude oil traded on the New York Mercantile Exchange (the “Benchmark Futures Contracts”), consisting of the near month contract to expire and the contracts for the following eleven months, for a total of 12 consecutive months’ contracts, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contracts that are the next month contract to expire and the contracts for the following eleven consecutive months, less USL’s expenses. When calculating the daily movement of the average price of the 12 contracts each contract month will be equally weighted.

The 2009 K-1s are scheduled to be mailed out the week of March 8, 2010.

For a copy of the Prospectus contact:
ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203 or call 1.800.920.0259 or Click Here.

Commodities prices and futures generally are volatile and are not suitable for all investors. The Fund is speculative and involves a high degree of risk. An investor may lose all or substantially all of an investment in USL. Funds that focus on a single sector generally experience greater volatility.

Investors buy and sell shares on a secondary market (i.e., not directly from the Fund). Only market makers or "authorized participants" may trade directly with the Fund, typically in blocks of 100k shares.

For further discussion of these and additional risks associated with an investment in USL units, Click Here.

USL is not a mutual fund or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation there under.

Investing in oil interests subjects USL to the risks of the oil industry. These risks could result in large fluctuations in the price of USL’s units. An investor could lose all or substantially all of his/her investment. The United States 12 Month Oil Fund is distributed by ALPS Distributors, Inc.