Edgar Filing: CLAYMORE SECURITIES INC

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. __________)*

ING Global Advantage and Premium Opportunity Fund
--------------------------------------------------------------------------------
(Name of Issuer)

Closed-end Management Investment Company
--------------------------------------------------------------------------------
(Title of Class of Securities)

44982N109
----------------------------------
(CUSIP Number)

December 31, 2006
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[X] Rule 13d-1(b)

[_] Rule l3d-1(c)

[_] Rule l3d-1(d)

* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).

Persons who respond to the collection of information contained in this form are
not required to respond unless the form displays a currently valid OMB control
number.

Page 1 of 6 pages

CUSIP No. 44982N109

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1. Names of Reporting Persons.

Claymore Securities Defined Portfolios, Series 311, 324, 329, 341, 349
and 350

I.R.S. Identification Nos. of above persons (entities only).

Claymore Securities Defined Portfolios, Series 311 - Tax ID# 205201484 &
Tax ID# 2052022054
Claymore Securities Defined Portfolios, Series 324 - Tax ID# 205510114
Claymore Securities Defined Portfolios, Series 329 - Tax ID# 205541741
Claymore Securities Defined Portfolios, Series 341 - Tax ID# 205723261
Claymore Securities Defined Portfolios, Series 349 - Tax ID# 133792992
Claymore Securities Defined Portfolios, Series 350 - Tax ID# 133792991
--------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a)[_]

(b)[_]
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3. SEC Use Only

--------------------------------------------------------------------------------------------
4. Citizenship or Place of Organization

Claymore Securities Defined Portfolios, Series 311, Lisle, IL
Claymore Securities Defined Portfolios, Series 324, Lisle, IL
Claymore Securities Defined Portfolios, Series 329, Lisle, IL
Claymore Securities Defined Portfolios, Series 341, Lisle, IL
Claymore Securities Defined Portfolios, Series 349, Lisle, IL
Claymore Securities Defined Portfolios, Series 350, Lisle, IL
--------------------------------------------------------------------------------------------

5. Sole Voting Power

Number of 930,885
Shares ----------------------------------------------------------------
Beneficially 6. Shared Voting Power
by Owned by
Each ----------------------------------------------------------------
Reporting 7. Sole Dispositive Power
Person
With: 930,885
----------------------------------------------------------------
8. Shared Dispositive Power

---------------------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person

930,885
---------------------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)

[_]
---------------------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)

5.16%
---------------------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)

IV
---------------------------------------------------------------------------------------------

Page 2 of 6 pages

INSTRUCTIONS FOR SCHEDULE 13G

Instructions for Cover Page

(1) Names and I.R.S. Identification Numbers of Reporting
Persons--Furnish the full legal name of each person for whom the
report is filed--i.e., each person required to sign the schedule
itself--including each member of a group. Do not include the
name of a person required to be identified in the report but who
is not a reporting person. Reporting persons that are entities
are also requested to furnish their I.R.S. identification
numbers, although disclosure of such numbers is voluntary, not
mandatory (see "SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE
13G" below).

(2) If any of the shares beneficially owned by a reporting person
are held as a member of a group and that membership is expressly
affirmed, please check row 2(a). If the reporting person
disclaims membership in a group or describes a relationship with
other persons but does not affirm the existence of a group,
please check row 2(b) [unless it is a joint filing pursuant to
Rule 13d-l(k)(l) in which case it may not be necessary to check
row 2(b)].

(3) The third row is for SEC internal use; please leave blank.

(4) Citizenship or Place of Organization--Furnish citizenship if the
named reporting person is a natural person. Otherwise, furnish
place of organization.

(5)-(9), (11) Aggregate Amount Beneficially Owned By Each Reporting Person,
Etc.--Rows (5) through (9) inclusive, and (11) are to be
completed in accordance with the provisions of Item 4 of
Schedule 13G. All percentages are to be rounded off to the
nearest tenth (one place after decimal point).

(10) Check if the aggregate amount reported as beneficially owned in
row (9) does not include shares as to which beneficial ownership
is disclaimed pursuant to Rule 13d-4 (17 CFR 240.13d-4] under
the Securities Exchange Act of 1934.

(12) Type of Reporting Person--Please classify each "reporting
person" according to the following breakdown (see Item 3 of
Schedule 13G) and place the appropriate symbol on the form:

Category Symbol
-------- ------
Broker Dealer BD
Bank BK
Insurance Company IC
Investment Company IV
Investment Adviser IA
Employee Benefit Plan, Pension Fund,
or Endowment Fund EP
Parent Holding Company/Control Person HC
Savings Association SA
Church Plan CP
Corporation CO
Partnership PN
Individual IN
Other OO

Notes:

Attach as many copies of the second part of the cover page as are needed,
one reporting person per page.

Filing persons may, in order to avoid unnecessary duplication, answer items
on the schedules (Schedule 13D, 13G or 14D-1) by appropriate cross references
to an item or items on the cover page(s). This approach may only be used where
the cover page item or items provide all the disclosure required by the
schedule item. Moreover, such a use of a cover page item will result in the
item becoming a part of the schedule and accordingly being considered as
"filed" for purposes of Section 18 of the Securities Exchange Act or otherwise
subject to the liabilities of that section of the Act.

Reporting persons may comply with their cover page filing requirements by
filing either completed copies of the blank forms available from the
Commission, printed or typed facsimiles, or computer printed facsimiles,
provided the documents filed have identical formats to the forms prescribed in
the Commission's regulations and meet existing Securities Exchange Act rules as
to such matters as clarity and size (Securities Exchange Act Rule 12b-12).

SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G

Under Sections 13(d), 13(g), and 23 of the Securities Exchange Act of 1934
and the rules and regulations thereunder, the Commission is authorized to
solicit the information required to be supplied by this schedule by certain
security holders of certain issuers.

Page 3 of 6 pages

Disclosure of the information specified in this schedule is mandatory,
except for I.R.S. identification numbers, disclosure of which is voluntary. The
information will be used for the primary purpose of determining and disclosing
the holdings of certain beneficial owners of certain equity securities. This
statement will be made a matter of public record. Therefore, any information
given will be available for inspection by any member of the public.

Because of the public nature of the information, the Commission can use it
for a variety of purposes, including referral to other governmental authorities
or securities self-regulatory organizations for investigatory purposes or in
connection with litigation involving the Federal securities laws or other
civil, criminal or regulatory statutes or provisions. I.R.S. identification
numbers, if furnished, will assist the Commission in identifying security
holders and, therefore, in promptly processing statements of beneficial
ownership of securities.

Failure to disclose the information requested by this schedule, except for
I.R.S. identification numbers, may result in civil or criminal action against
the persons involved for violation of the Federal securities laws and rules
promulgated thereunder.

GENERAL INSTRUCTIONS

A. Statements filed pursuant to Rule 13d-1(b) containing the information
required by this schedule shall be filed not later than February 14
following the calendar year covered by the statement or within the time
specified in Rules 13d-1(b)(2) and 13d-2(c). Statements filed pursuant to
Rule 13d-1(c) shall be filed within the time specified in Rules 13d-1(c),
13d-2(b) and 13d-2(d). Statements filed pursuant to Rule 13d-1(d) shall be
filed not later than February 14 following the calendar year covered by the
statement pursuant to Rules 13d-1(d) and 13d-2(b).

B. Information contained in a form which is required to be filed by rules
under section 13(f) (15 U.S.C. 78m(f)) for the same calendar year as that
covered by a statement on this schedule may be incorporated by reference in
response to any of the items of this schedule. If such information is
incorporated by reference in this schedule, copies of the relevant pages of
such form shall be filed as an exhibit to this schedule.

C. The item numbers and captions of the items shall be included but the text
of the items is to be omitted. The answers to the items shall be so
prepared as to indicate clearly the coverage of the items without referring
to the text of the items. Answer every item. If an item is inapplicable or
the answer is in the negative, so state.

Item 1.

(a) Name of Issuer

ING Global Advantage and Premium Opportunity Fund

(b) Address of Issuer's Principal Executive Offices

7337 East Doubletree Ranch Road, Scottsdale, AZ 85258

Item 2.

(a) Name of Person Filing

Claymore Securities, Inc. as Sponsor for the Filing Entities

(b) Address of Principal Business Office or, if none, Residence

2455 Corporate West Drive, Lisle, IL 60532

(d) Title of Class of Securities

Closed-end Management Investment Company

(e) CUSIP Number

44982N109

Item 3. If this statement is filed pursuant to Sections 240.13d-l(b) or
240.13d-2(b) or (c), check whether the person filing is a:

(a) [_] Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).

(b) [_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(d) [X] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C 80a-8).

(e) [_] An investment adviser in accordance with Section
240.13d-l(b)(l)(ii)(E);

(f) [_] An employee benefit plan or endowment fund in accordance with
Section 240.13d-l(b)(l)(ii)(F);

(g) [_] A parent holding company or control person in accordance with
Section 240.13d-l(b)(l)(ii)(G);

(h) [_] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);

(i) [_] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);

Page 4 of 6 pages

Item 4. Ownership.

Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

(a) Amount beneficially owned: 930,885

(b) Percent of class: 5.16%

(i) Sole power to vote or to direct the vote 930,885

(ii) Shared power to vote or to direct the vote ______.

(iii) Sole power to dispose or to direct the disposition of 930,885

(iv) Shared power to dispose or to direct the disposition of ____.

Instruction. For computations regarding securities which represent a right
to acquire an underlying security see Section 240.13d-3(d)(l).

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [_].

Instruction: Dissolution of a group requires a response to this item.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

If any other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the
beneficiaries of employee benefit plan, pension fund or endowment fund is not
required.

Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company

If a parent holding company has filed this schedule, pursuant to Rule
13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the
identity and the Item 3 classification of the relevant subsidiary. If a parent
holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule
13d-1(d), attach an exhibit stating the identification of the relevant
subsidiary.

Item 8. Identification and Classification of Members of the Group

If a group has filed this schedule pursuant to Section
240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit
stating the identity and Item 3 classification of each member of the group. If
a group has filed this schedule pursuant to Section 240.13d-l(c) or Section
240.13d-l(d), attach an exhibit stating the identity of each member of the
group.

Item 9. Notice of Dissolution of Group

Notice of dissolution of a group may be furnished as an exhibit stating the
date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by members
of the group, in their individual capacity. See Item 5.

Item 10. Certification

(a) The following certification shall be included if the statement is
filed pursuant to Section 240.13d-1(b):

Page 5 of 6 pages

By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held
in the ordinary course of business and were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any
transaction having that purpose or effect.

(b) The following certification shall be included if the statement is
filed pursuant to Section 240.13d-l(c):

By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

February 12, 2007
----------------------------------------
Date

/s/ Nicholas Dalmaso
----------------------------------------
Signature

Nicholas Dalmaso, Senior Managing
Director and General Counsel
Claymore Securities, Inc.
----------------------------------------
Name/Title

The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.

NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties for whom copies are to be sent.

Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)

Page 6 of 6 pages