SECURITIES AND EXCHANGE COMMISSION
                                               Washington, DC 20549

                                                    SCHEDULE TO

                   Tender Offer Statement Under Section 14(d)(1) or 13(e)(1)
                            of the Securities Exchange Act of 1934

                                                 (Final Amendment)

                                     Oppenheimer Tremont Opportunity Fund LLC
                                                 (Name of Issuer)

                                     Oppenheimer Tremont Opportunity Fund LLC
                                       (Name of Person(s) Filing Statement)

                                           Shares of Beneficial Interest
                                          (Title of Class of Securities)

                                                     68382A102
                                       (CUSIP Number of Class of Securities)

                                              Lisa I. Bloomberg, Esq.
                                            Two World Financial Center
                                          225 Liberty Street, 11th Floor
                                           New York, New York 10281-1008
                                                  (212) 323-0560
           (Name, Address and Telephone Number of Person Authorized to Receive
         Notices and Communications on Behalf of the Person(s) Filing Statement)

                                             CALCULATION OF FILING FEE

--------------------------------------------------------------------------------
Transaction Valuation: $19,002,156.26a         Amount of Filing Fee: $2,236.55b
--------------------------------------------------------------------------------

     (a)  Calculated as the aggregate  maximum  purchase  price for  twenty-five
percent of the Issuer's  outstanding shares of beneficial  interest based on the
estimated total net asset value of the Issuer's outstanding shares of beneficial
interest as of November 30, 2006.

     (b) Calculated at 0.01177% of the Transaction Valuation.

[x]  Check the box if any part of the fee is  offset  as  provided  by Rule
0-11(a)(2)  and identify the filing with which the offsetting fee was previously
paid. Identify the previous filing by registration statement number, or the Form
or Schedule and the date of its filing.

Amount Previously Paid:  $2,236.55
Form or Registration No.:  005-78997
Filing Party:  Oppenheimer Tremont Opportunity Fund LLC
Date Filed:  October 31, 2006
[ ] Check the box if the filing relates  solely to preliminary  communications
made before the  commencement  of a tender offer.

     Check the  appropriate  boxes below to designate any  transactions to which
the statement relates:

[  ]     third-party tender offer subject to Rule 14d-1.
[x ]     issuer tender offer subject to Rule 13e-4.
[  ]     going-private transaction subject to Rule 13e-3.
[  ]     amendment to Schedule 13D under Rule 13d-2.

     Check the  following box if the filing is a final  amendment  reporting the
results of the tender offer: [x]

     This Final  Amendment  relates  to the Issuer  Tender  Offer  Statement  on
Schedule  TO  (the  "Statement")   originally  filed  on  October  31,  2006  by
Oppenheimer  Tremont  Opportunity  Fund LLC (the "Fund") in  connection  with an
offer (the "Offer") by the Fund to purchase  $19,002,156.26  of interests in the
Fund  ("Shares")  on the terms and  subject to the  conditions  set forth in the
Repurchase  Offer Notice and the related Cover Letter to the  Repurchase  Offer.
Copies of the Cover Letter to the Repurchase  Offer and Repurchase  Offer Notice
were previously filed as Exhibits  (a)(1)(i) and (a)(1) (ii),  respectively,  to
the Statement.

     This is the Final  Amendment to the  Statement and is being filed to report
the results of the Offer.  Capitalized  terms not otherwise defined herein shall
have the meanings ascribed to them in the Repurchase Offer Notice.

         The following information is furnished pursuant to Rule 13e-4(c)4:

 1.  The Offer expired at 12:00 midnight, New York time, on November 30, 2006.

 2. $ 8,077,931.22  in Shares were validly  tendered and not withdrawn prior
to the  expiration  of the Offer,  and all of those  Shares  were  accepted  for
purchase, and paid for, by the Fund in accordance with the terms of the Offer.


                                            SIGNATURE

     After due 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.

                                       Oppenheimer Tremont Opportunity Fund LLC


                                       /s/ Lisa I. Bloomberg
                              By:      ----------------------------------------
                              Name:    Lisa I. Bloomberg
                              Title:   Assistant Secretary


Date:  March 12, 2007