OLA Old Mutual/Claymore Long-Short Fund Old Mutual/Claymore Long-Short Fund Common Shares of Beneficial Interest

000 A000000 06/30/2009
000 C000000 0001310709
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 OLD MUTUAL/CLAYMORE LONG-SHORT FUND
001 B000000 811-21681
001 C000000 6305053700
002 A000000 2455 CORPORATE WEST DRIVE
002 B000000 LISLE
002 C000000 IL
002 D010000 60532
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 CLAYMORE ADVISORS, LLC
008 B000001 A
008 C000001 801-000000
008 D010001 LISLE
008 D020001 IL
008 D030001 60532
008 A000002 ANALYTIC INVESTORS, LLC
008 B000002 S
008 C000002 801-000000
008 D010002 LOS ANGELES
008 D020002 CA
008 D030002 90013
010 A000001 CLAYMORE ADVISORS, LLC.
010 B000001 801-000000
010 C010001 LISLE
010 C020001 IL
010 C030001 60532
011 A000001 MERRILL LYNCH
011 B000001 8-00000000

011 C010001 NEW YORK
011 C020001 NY
011 C030001 10080
012 A000001 BNY MELLON
012 B000001 84-0000000
012 C010001 PITTSBURGH
012 C020001 PA
012 C030001 15252
012 C040001 8015
013 A000001 ERNST & YOUNG LLP
013 B010001 CHICAGO
013 B020001 IL
013 B030001 60606
015 A000001 THE BANK OF NEW YORK MELLON
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10286
015 E010001 X
015 A000002 MORGAN STANLEY
015 B000002 S
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10036
015 E010002 X
015 A000003 PERSHING LLC
015 B000003 S
015 C010003 LOS ANGELES
015 C020003 CA
015 C030003 90017
015 E010003 X
018 000000 Y
019 A000000 N
019 B000000 0
020 A000001 GOLDMAN SACHS & CO.
020 B000001 13-5108880
020 C000001 394
020 A000002 MORGAN STANLEY
020 B000002 36-3145972
020 C000002 275
020 A000003 MERRILL LYNCH & CO., INC.
020 B000003 13-2740599
020 C000003 265
020 A000004 CREDIT SUISSE FIRST BOSTON CORP.
020 B000004 05-0546650
020 C000004 41
020 A000005 INSTINET CORP.
020 B000005 13-3443395
020 C000005 37
020 A000006 BANK OF AMERICA CORP.
020 B000006 56-0906609

020 C000006 28
020 A000007 ITG PLATFORM
020 B000007 95-4339369
020 C000007 28
020 A000008 CITIGROUP GLOBAL MARKETS
020 B000008 11-2418067
020 C000008 14
020 A000009 WEEDEN & CO., LP
020 B000009 13-3364318
020 C000009 8
020 A000010 LIQUIDNET
020 B000010 13-4095933
020 C000010 8
021 000000 1103
022 A000001 BANK OF NEW YORK MELLON
022 B000001 13-2614959
022 C000001 144749
022 D000001 140003
022 A000002 UBS SECURITIES
022 B000002 13-3873456
022 C000002 16507
022 D000002 16533
022 A000003 MORGAN STANLEY
022 B000003 36-3145972
022 C000003 4984
022 D000003 13966
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 166240
023 D000000 170502
024 000000 Y
025 A000001 AMERICAN EXPRESS CO.
025 B000001 13-4922250
025 C000001 E
025 D000001 1344
025 A000002 BANK OF AMERICA CORP.
025 B000002 56-0906609
025 C000002 E
025 D000002 2642

025 A000003 BANK OF HAWAII CORP.
025 B000003 99-0148992
025 C000003 E
025 D000003 916
025 A000004 BANK OF NEW YORK MELLON CORP.
025 B000004 13-2614959
025 C000004 E
025 D000004 2402
025 A000005 BB&T CORP.
025 B000005 56-0939887
025 C000005 E
025 D000005 611
025 A000006 BLACKROCK, INC.
025 B000006 32-0174431
025 C000006 E
025 D000006 1321
025 A000007 CHARLES SCHWAB CORP.
025 B000007 94-1737782
025 C000007 E
025 D000007 2753
025 A000008 CHUBB CORP.
025 B000008 13-2595722
025 C000008 E
025 D000008 658
025 A000009 CINCINNATI FINANCIAL CORP.
025 B000009 31-0746871
025 C000009 E
025 D000009 665
025 A000010 DISCOVER FINANCIAL SERVICES
025 B000010 36-2517428
025 C000010 E
025 D000010 750
025 A000011 FRANKLIN RESOURCES, INC.
025 B000011 13-2670991
025 C000011 E
025 D000011 1864
025 A000012 NORTHERN TRUST CORP.
025 B000012 36-2723087
025 C000012 E
025 D000012 1627
025 A000013 STATE STREET CORP.
025 B000013 04-2456637
025 C000013 E
025 D000013 614
025 A000014 T ROWE PRICE GROUP, INC.
025 B000014 52-2264646
025 C000014 E
025 D000014 2190
025 A000015 TORCHMARK CORP.
025 B000015 63-0780404
025 C000015 E

025 D000015 926
025 A000016 US BANCORP.
025 B000016 41-0255900
025 C000016 E
025 D000016 1937
025 A000017 WELLS FARGO & CO.
025 B000017 41-0449260
025 C000017 E
025 D000017 582
025 A000018 ALLSTATE CORP.
025 B000018 36-3871531
025 C000018 E
025 D000018 1094
025 A000019 AMERIPRISE FINANCIAL, INC.
025 B000019 13-3180631
025 C000019 E
025 D000019 564
025 A000020 COMERICA, INC.
025 B000020 38-1998421
025 C000020 E
025 D000020 595
025 A000021 FIRST HORIZON NATIONAL CORP.
025 B000021 62-0803242
025 C000021 E
025 D000021 728
025 A000022 HARTFORD FINANCIAL SERVICES GROUP, INC.
025 B000022 13-3317783
025 C000022 E
025 D000022 693
025 A000023 LEGG MASON, INC.
025 B000023 52-1200960
025 C000023 E
025 D000023 755
025 A000024 SLM CORP.
025 B000024 52-2013874
025 C000024 E
025 D000024 1353
025 A000025 XL CAPITAL LTD.
025 B000025 98-0191089
025 C000025 E
025 D000025 644
025 A000026 DELETE
025 D000026 0
025 A000027 DELETE
025 D000027 0
025 A000028 DELETE
025 D000028 0
025 A000029 DELETE
025 D000029 0
025 A000030 DELETE
025 D000030 0

025 D000031 0
025 D000032 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
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028 G040000 0
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
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042 A000000 0
042 B000000 0
042 C000000 0
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042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 1.000
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
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048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y

054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 Y
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 2000
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
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062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 N
066 E000000 Y
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N

070 D010000 Y
070 D020000 Y
070 E010000 N
070 E020000 N
070 F010000 Y
070 F020000 Y
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 Y
071 A000000 320946
071 B000000 332318
071 C000000 230131
071 D000000 139
072 A000000 6
072 B000000 68
072 C000000 2789
072 D000000 0
072 E000000 0
072 F000000 891
072 G000000 24
072 H000000 0
072 I000000 9
072 J000000 435
072 K000000 0
072 L000000 41
072 M000000 72
072 N000000 10
072 O000000 0
072 P000000 0
072 Q000000 41

072 R000000 25
072 S000000 58
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 835
072 X000000 2441
072 Y000000 0
072 Z000000 416
072AA000000 0
072BB000000 46592
072CC010000 41456
072CC020000 0
072DD010000 12163
072DD020000 0
072EE000000 0
073 A010000 0.6400
073 A020000 0.0000
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073 C000000 0.0000
074 A000000 3477
074 B000000 0
074 C000000 13519
074 D000000 0
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074 G000000 0
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074 I000000 6704
074 J000000 0
074 K000000 0
074 L000000 269
074 M000000 27
074 N000000 232597
074 O000000 35
074 P000000 151
074 Q000000 0
074 R010000 0
074 R020000 49962
074 R030000 4579
074 R040000 87
074 S000000 0
074 T000000 177783
074 U010000 19005
074 U020000 0
074 V010000 9.35
074 V020000 0.00
074 W000000 0.0000
074 X000000 9197
074 Y000000 192253
075 A000000 0

075 B000000 179619
076 000000 7.66
077 A000000 Y
077 B000000 N
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 C000000 0
081 B000000 0
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083 B000000 0
084 B000000 0
086 A010000 0
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086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
087 A010000 COMMON SHARES
087 A020000 68003N103
087 A030000 OLA
088 A000000 Y
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE STEVEN M. HILL
TITLE CFO & TREASURER