SC 13D/A

UNITED STATES

SECURITIES AND EXCHANGE
COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 2)*

Western Asset/Claymore Inflation-Linked Opportunities &
Income Fund

(Name of Issuer)

Common Stock

(Title of Class of Securities)

95766R104

(CUSIP Number)

	Laurie Smiley, Esq.
Matthew S. Topham, Esq.	Arian Colachis, Esq.
K&L Gates LLP	Cascade Investment, L.L.C.
925 Fourth Avenue, Suite 2900	2365 Carillon Point
Seattle, Washington 98104	Kirkland, WA 98033
(206) 623-7580	(425) 889-7900

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

September 25, 2008

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

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

* 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 disclosures provided in a prior cover page.

The information required on 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).

CUSIP No.   95766R104
	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Cascade Investment, L.L.C.
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)			o
		(b)			o
	3.	SEC Use Only
	4.	Source of Funds (See Instructions) WC
	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o
	6.	Citizenship or Place of Organization State of Washington
Number of Shares Beneficially Owned by Each Reporting Person With			7.	Sole Voting Power 4,718,300*
			8.	Shared Voting Power -0-
			9.	Sole Dispositive Power 4,718,300*
			10.	Shared Dispositive Power -0-
	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 4,718,300*
	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
	13.	Percent of Class Represented by Amount in Row (11) 7.71%
	14.	Type of Reporting Person (See Instructions) OO

*All Common Stock held by Cascade may be deemed to be beneficially owned by William H. Gates III as the sole member of Cascade.  Michael Larson, the Business Manager of Cascade, has voting and investment power with respect to the Common Stock held by Cascade.  Mr. Larson disclaims any beneficial ownership of the Common Stock beneficially owned by Cascade and Mr. Gates.

2

CUSIP No.   95766R104
	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) William H. Gates III
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)			o
		(b)			o
	3.	SEC Use Only
	4.	Source of Funds (See Instructions) WC
	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o
	6.	Citizenship or Place of Organization United States of America
Number of Shares Beneficially Owned by Each Reporting Person With			7.	Sole Voting Power 4,718,300*
			8.	Shared Voting Power -0-
			9.	Sole Dispositive Power 4,718,300*
			10.	Shared Dispositive Power -0-
	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 4,718,300*
	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
	13.	Percent of Class Represented by Amount in Row (11) 7.71%
	14.	Type of Reporting Person (See Instructions) IN

*All Common Stock held by Cascade may be deemed to be beneficially owned by William H. Gates III as the sole member of Cascade.  Michael Larson, the Business Manager of Cascade, has voting and investment power with respect to the Common Stock held by Cascade.  Mr. Larson disclaims any beneficial ownership of the Common Stock beneficially owned by Cascade and Mr. Gates.

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EXPLANATORY NOTE

This Amendment No. 2 to Schedule 13D (“Amendment”) relates to the Common Stock of Western Asset/Claymore Inflation-Linked Opportunities & Income Fund (the “Issuer”).  This Amendment is filed to amend and supplement the Items set forth below of the Reporting Persons’ Schedule 13D previously filed with the Securities and Exchange Commission on January 9, 2006, as amended on May 3, 2006.

Item 3.	Source and Amount of Funds or Other Consideration
In the past 60 days, Cascade purchased 156,600 shares of Common Stock for an aggregate purchase price of $1,701,815.98. Cascade purchased the Common Stock with its working capital. Cascade did not purchase any Common Stock with borrowed funds.
Item 5.	Interest in Securities of the Issuer
	(a)  See items 11 and 13 of the cover pages to this Schedule 13D for the aggregate number of shares and percentage of Common Stock beneficially owned by each of the Reporting Persons. (b)  See items 7 through 10 of the cover pages to this Schedule 13D for the number of shares of Common Stock beneficially owned by each of the Reporting Persons as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote and sole or shared power to dispose or to direct the disposition. (c)  During the past sixty days, Cascade purchased a total of 156,600 shares of Common Stock for cash in open market transactions on the dates and at the price per share set forth on Exhibit 99.1, which is attached hereto and incorporated herein by reference. (d)  Except as set forth in this Schedule 13D, to the knowledge of the Reporting Persons, no person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, securities covered by this Schedule 13D. (e)  Not applicable.
Item 7.	Material to Be Filed as Exhibits

Exhibit	Description
99.1	Dates and prices of acquisitions of Common Stock during the past sixty days.

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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.

Date: September 25, 2008
	CASCADE INVESTMENT, L.L.C.(1)
	By:	/s/ Michael Larson
		Name: Michael Larson
		Title: Business Manager
	WILLIAM H. GATES III (1)
	By:	/s/ Michael Larson
		Name: Michael Larson (2)
		Title: Attorney-in-fact

(1) This amendment is being filed jointly by Cascade Investment, L.L.C. and William H. Gates III pursuant to the Joint Filing Agreement dated January 9, 2006 and included with the signature page to the initial Schedule 13D with respect to Western Asset/Claymore Inflation-Linked Opportunities & Income Fund (formerly known as U.S. Treasury Inflation Protected Securities Fund 2) filed on January 9, 2006, SEC File No. 005-81261, and incorporated by reference herein.

(2)  Duly authorized under Special Power of Attorney appointing Michael Larson attorney-in-fact, dated February 3, 2006, by and on behalf of William H. Gates III, filed as Exhibit 99.1 to Cascade Investment, L.L.C.’s Amendment No. 2 to Schedule 13G with respect to Arch Capital Group Ltd. on March 7, 2006, SEC File No. 005-45257, and incorporated by reference herein.

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EX-99.1

Exhibit 99.1

The following table sets forth the acquisitions of Common Stock by Cascade Investment L.L.C. during the past 60 days.  All of the acquisitions were affected on the New York Stock Exchange through brokers.

Purchase Date	Number of Shares Purchased	Price per Share
9/19/2008	3,000	10.51
9/19/2008	1,000	10.55
9/19/2008	100	10.56
9/19/2008	100	10.58
9/19/2008	300	10.59
9/19/2008	100	10.60
9/19/2008	100	10.69
9/19/2008	200	10.70
9/19/2008	500	10.71
9/19/2008	4,500	10.72
9/19/2008	2,800	10.73
9/19/2008	1,200	10.74
9/19/2008	2,000	10.75
9/19/2008	600	10.76
9/19/2008	6,900	10.77
9/19/2008	3,000	10.78
9/19/2008	2,032	10.79
9/19/2008	1,400	10.80
9/19/2008	968	10.81
9/19/2008	100	10.82
9/19/2008	2,100	10.83
9/19/2008	400	10.84
9/19/2008	5,000	10.85
9/19/2008	4,800	10.88
9/19/2008	500	10.89
9/19/2008	700	10.90
9/19/2008	600	10.91
9/22/2008	100	10.90
9/22/2008	1,500	10.91
9/22/2008	3,300	10.92
9/22/2008	13,100	10.93
9/23/2008	999	10.75
9/23/2008	302	10.78
9/23/2008	1,698	10.79
9/23/2008	7,801	10.80
9/23/2008	3,000	10.82
9/23/2008	4,000	10.85
9/23/2008	201	10.88
9/23/2008	2,100	10.89
9/23/2008	4,699	10.90
9/23/2008	5,000	10.91
9/24/2008	400	10.78
9/24/2008	1,500	10.79
9/24/2008	3,700	10.80
9/24/2008	5,800	10.81
9/24/2008	3,696	10.82
9/24/2008	10,204	10.83
9/24/2008	1,500	10.84
9/25/2008	1,000	10.76
9/25/2008	7,250	10.77
9/25/2008	14,150	10.78
9/25/2008	1,600	10.79
9/25/2008	6,200	10.80
9/25/2008	100	10.85
9/25/2008	4,900	10.88
9/25/2008	1,800	10.89