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

                                  SCHEDULE 14A

           Proxy Statement Pursuant to Section 14(a) of the Securities
                      Exchange Act of 1934 (Amendment No. )

Filed by the Registrant [X]
Filed by a Party other than the Registrant [ ]

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[ ]    Preliminary Proxy Statement
[ ]    CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY RULE
        14A-6(E)(2))
[ ]    Definitive Proxy Statement
[X]    Definitive Additional Materials
[ ]    Soliciting Material Pursuant to ss.240.14a-12


                  TS&W / CLAYMORE TAX-ADVANTAGED BALANCED FUND

   (Name of Registrant As Specified in its Agreement and Declaration of Trust)

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     Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
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     number, or the Form or Schedule and the date of its filing.



Dear TS&W / Claymore Tax-Advantaged Balanced Fund (the "Fund") Shareholder:

We recently sent you proxy material and a WHITE PROXY CARD related to the Fund's
annual meeting of shareholders being held on July 19, 2010. We urge you to
immediately VOTE the enclosed WHITE PROXY CARD FOR the reelection of your
Trustees in Proposal 1, and AGAINST Proposal 2 regarding annual terms for
Trustees.

THIS YEAR'S MEETING IS EXTREMELY IMPORTANT IN LIGHT OF THE NOMINATION OF
TRUSTEES BY HEDGE FUND MANAGER ARTHUR LIPSON AND HIS WESTERN INVESTMENTS FUNDS,
AN INTER-CONNECTED GROUP OF HEDGE FUNDS THAT SPECULATE IN SHARES OF CLOSED-END
FUNDS. YOUR BOARD VIGOROUSLY OPPOSES THE LIPSON/WESTERN INVESTMENT NOMINEES.
VOTE THE WHITE PROXY CARD TO ENSURE THE CONSISTENT, EXPERIENCED MANAGEMENT OF
YOUR FUND. YOUR BOARD URGES YOU NOT TO SIGN AND RETURN THE GOLD PROXY CARD SENT
TO YOU BY LIPSON/WESTERN INVESTMENT. It is important that you vote, regardless
of how many or how few shares you own.

Your Trustees are highly qualified and very experienced in overseeing closed-end
funds. They have demonstrated their commitment to protect the long-term
interests of all shareholders. Under their direction, the Fund has a solid
performance record and a track record of delivering tax-advantaged return to
shareholders.

Lipson is a HEDGE FUND SPECULATOR looking for a quick profit. Lipson's
strategies are NOT in the interest of long-term Fund shareholders. Lipson's
strategies are NOT designed to enhance long-term performance. Do not support
nominees who are loyal to a short-term speculator, rather than loyal to all Fund
shareholders.

                           DO NOT BE MISLED BY LIPSON

You may have recently received proxy material and a gold proxy card from
Lipson/Western Investment asking you to support him in his attempt to get his
nominees elected to your Board. THE LIPSON/WESTERN INVESTMENT PROXY MATERIALS
INCLUDE NUMEROUS STATEMENTS THAT YOUR FUND'S BOARD BELIEVES ARE MISLEADING.

LIPSON'S MISLEADING STATEMENT #1: Lipson/Western Investment tells you that your
Fund's discount to NAV is the "absolute worst" among U.S. municipal bond
closed-end funds.

      FACT: Your Fund pursues a unique strategy whereby at least 50% of its
      assets are invested in municipal bonds and the remainder in equity and
      other taxable securities. Lipson/Western Investment is not comparing your
      Fund to similar investment vehicles and, in fact, when compared to the 170
      equity funds in the Morningstar peer group, your Fund placed among the top
      60% of the group.

LIPSON'S MISLEADING STATEMENT #2: Lipson/Western Investment tries to convince
you that your Board has done "little to nothing" to address the discount.

      FACT: You have an active and engaged Board that is continually monitoring
      the Fund's discount and has taken decisive steps to address it. It is
      important to keep in mind that closed-end fund premiums and discounts may
      be influenced by a number of factors including total return NAV
      performance, sustainable-to-increasing dividends and



      transparent communication with shareholders, among other factors. The Fund
      has provided attractive risk-adjusted total returns since inception and
      offers a current distribution rate of 7.34%, as of June 22, 2010, and the
      Fund's Adviser continues to actively support the secondary market through
      ongoing communication with investors.

      The Board has also adopted an open-market share repurchase plan to
      repurchase up to 5% of the Fund's outstanding common shares on a quarterly
      basis when such purchases may be to the long-term benefit of shareholders.
      Such a program is designed to have a positive impact on the Fund's NAV
      performance when the Fund's shares are trading at a significant discount.
      In addition to the aforementioned factors, other factors that are beyond
      the Fund's control may significantly affect a closed-end fund's premium or
      discount.

LIPSON'S MISLEADING STATEMENT #3: Lipson/Western Investment wants you to believe
that your Board has acted to maximize fees for Claymore rather than returns for
you, the shareholder.

      FACT: Not a single trustee is affiliated with Claymore. You have six
      totally independent trustees and only one who is considered an interested
      person. None of the independent trustees have any interest in generating
      fees for Claymore. Their interests lie in protecting shareholders, like
      you. In fact, five of the independent trustees are shareholders
      themselves, three of whom own over $10,000 in Fund shares and one who owns
      over $100,000 in Fund shares. In contrast, not one of Lipson/Western
      Investment's nominees owns a single share of the Fund.

FOR THESE REASONS, WE ARE ASKING YOU TO VOTE THE WHITE PROXY CARD FOR YOUR
FUND'S CURRENT TRUSTEES AND AGAINST THE SHAREHOLDER PROPOSAL (#2).

REGARDLESS OF THE NUMBER OF SHARES YOU OWN, YOUR VOTE IS VERY IMPORTANT. WE URGE
YOU TO SUPPORT YOUR CURRENT BOARD OF TRUSTEES BY VOTING THE WHITE PROXY CARD FOR
YOUR BOARD'S NOMINEES AND DISCARDING LIPSON/WESTERN INVESTMENT'S GOLD PROXY
CARD.

Please complete, sign and date the enclosed WHITE proxy card and return it in
the enclosed postage-paid envelope. Again, please discard any gold proxy cards
that you receive.

IF YOU HAVE ANY QUESTIONS ABOUT THIS MATTER, PLEASE CALL OUR PROXY SOLICITATION
FIRM: THE ALTMAN GROUP, TOLL FREE AT (800) 399-1581.

Thank you for your time and attention.

On behalf of your Trustees,

J. Thomas Futrell
Chief Executive Officer




|X|      Even if you have previously signed a Lipson/Western Investment gold
         proxy card, you should sign, date and return the enclosed WHITE PROXY
         CARD. You have the right to change your vote and only the latest dated
         proxy counts.

|X|      If you hold your shares in a brokerage or bank account (in "street
         name"), your broker or bank cannot vote your shares this year (as it
         has in past routine annual meetings) unless you complete, sign and
         return the enclosed WHITE PROXY CARD.

|X|      Please do NOT send back any gold proxy card you receive, even to vote
         against the Lipson/Western Investment nominees. Doing so will cancel
         any prior vote you cast for your Board. Please return only the WHITE
         PROXY CARD.