Registration No. 333-129337
1940 Act File No. 811-21827
Rule 497(e)


ZIEGLER EXCHANGE TRADED TRUST
________________________________________
 
Supplement Dated November 4, 2008
To
Prospectus Dated March 1, 2008

Resignation of the Trust’s President and One of Its Portfolio Managers

Mr. Brian K. Andrew, the President for the Ziegler Exchange Traded Trust (the “ETF”), announced that effective October 31, 2008, he is resigning from his positions with the ETF and with Ziegler Capital Management, LLC and its parent company to pursue other interests.

Effective October 31, 2008, the Board of Trustees appointed Ms. Elizabeth A. Watkins, currently the ETF’s Chief Compliance Officer, to serve as Interim President of the Funds. Also effective as of October 31, 2008, the Board appointed Mr. Zachary Shannon to serve as the ETF’s Chief Compliance Officer.

The ETF will continue to be managed by Donald J. Nesbitt and Mikhail I. Alkhazov.
 

 
Registration No. 333-129337
1940 Act File No. 811-21827
Rule 497(e)


ZIEGLER EXCHANGE TRADED TRUST
________________________________________
 
Supplement Dated November 4, 2008
To
Statement of Additional Information Dated March 1, 2008

Resignation of the Trust’s President and One of Its Portfolio Managers

Mr. Brian K. Andrew, the President for the Ziegler Exchange Traded Trust (the “ETF”), announced that effective October 31, 2008, he is resigning from his positions with the ETF and with Ziegler Capital Management, LLC and its parent company to pursue other interests.

Effective October 31, 2008, the Board of Trustees appointed Ms. Elizabeth A. Watkins, currently the ETF’s Chief Compliance Officer, to serve as Interim President of the Funds. Also effective as of October 31, 2008, the Board appointed Mr. Zachary Shannon to serve as the ETF’s Chief Compliance Officer. Certain information about Mr. Shannon is presented below.

Name,
Address & Birthdate
 
Position(s) Held with
North Track
 
Term of Office and Length of Time Served
 
Principal Occupation(s)
During Past
Five Years
 
Other Directorships/
Trusteeships
Held by Director
Zachary Shannon
200 South Wacker Drive
Suite 2000
Chicago, IL 60606
Birthdate: January 28, 1975
 
Chief Compliance Officer
 
Since 2008
 
Compliance Officer, Ziegler Capital Management, 2007-2008; Compliance Officer, Raymond James, 2005-2007; Compliance Officer, eFloorTrade, LLC, 2003-2005.
 
N/A
 
The ETF’s portfolio will continue to be managed by Donald J. Nesbitt and Mikhail I. Alkhazov.
 

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