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

                                  SCHEDULE 13G

                   Under the Securities Exchange Act of 1934
                              (Amendment No. 4)*


                             Holly Energy Parners, L.P.
-------------------------------------------------------------------------------
                                (Name of Issuer)

                Common Units representing limited partnership interests
-------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   435763107
                        ------------------------------
                                 (CUSIP Number)

                               December 31, 2008
-------------------------------------------------------------------------------
            (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 13d-1(c)

[ ] Rule 13d-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).



CUSIP NO. 435763107
          ---------
-------------------------------------------------------------------------------
 1    NAMES OF REPORTING PERSONS.
      I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

      Fiduciary Asset Management, LLC. EIN 43-1912968
-------------------------------------------------------------------------------
 2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
      (a) [ ]
      (b) [X]
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 3    SEC USE ONLY
-------------------------------------------------------------------------------
 4    CITIZENSHIP OR PLACE OF ORGANIZATION
      Missouri
-------------------------------------------------------------------------------
              5    SOLE VOTING POWER
NUMBER OF     -----------------------------------------------------------------
SHARES
BENEFICIALLY  6    SHARED VOTING POWER  542,402 (See Item 4)
OWNED BY      -----------------------------------------------------------------
EACH
REPORTING     7    SOLE DISPOSITIVE POWER
PERSON WITH   -----------------------------------------------------------------
              8    SHARED DISPOSITIVE POWER  542,402 (See Item 4)
-------------------------------------------------------------------------------
 9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     542,402 (See Item 4)
-------------------------------------------------------------------------------
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
     (SEE INSTRUCTIONS)
     Not Applicable
-------------------------------------------------------------------------------
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     6.5 %
-------------------------------------------------------------------------------
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
-------------------------------------------------------------------------------
      IA
-------------------------------------------------------------------------------

CUSIP NO. 435763107
          ---------
-------------------------------------------------------------------------------
 1    NAMES OF REPORTING PERSONS.
      I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

      Fiduciary/Claymore MLP Opportunity Fund
-------------------------------------------------------------------------------
 2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
      (a) [ ]
      (b) [X]
-------------------------------------------------------------------------------
 3    SEC USE ONLY
-------------------------------------------------------------------------------
 4    CITIZENSHIP OR PLACE OF ORGANIZATION
      Delaware
-------------------------------------------------------------------------------
              5    SOLE VOTING POWER
NUMBER OF     -----------------------------------------------------------------
SHARES
BENEFICIALLY  6    SHARED VOTING POWER  395,200 (See Item 4)
OWNED BY      -----------------------------------------------------------------
EACH
REPORTING     7    SOLE DISPOSITIVE POWER
PERSON WITH   -----------------------------------------------------------------
              8    SHARED DISPOSITIVE POWER  395,200 (See Item 4)
-------------------------------------------------------------------------------
 9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     395,200 (See Item 4)
-------------------------------------------------------------------------------
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
     (SEE INSTRUCTIONS)
     Not Applicable
-------------------------------------------------------------------------------
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     4.7 %
-------------------------------------------------------------------------------
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
-------------------------------------------------------------------------------
      IV
-------------------------------------------------------------------------------
Item 1

    (a)  Name of Issuer  Holly Energy Partners, L.P.

    (b)  Address of Issuer's Principal Executive Offices
         100 Crescent Court, Suite 100 Dallas, TX 75201

Item 2   This statement is filed on behalf of the following:

    (a)  This 13G is being jointly filed by Fiduciary Asset Management,L.L.C.,
         a Missouri Limited Liability Company ("FAMCO"), and Fiduciary/Claymore
         MLP Opportunity Fund, a Delaware Statutory Trust ("FMO").

         FAMCO and FMO have entered into an  Agreement  Regarding  Joint Filing
         of 13G dated February 17th, 2009 (the  "Agreement")  pursuant to which
         FAMCO and FMO have agreed  to file this 13G  jointly  in  accordance
         with the provisions  of Rule 13d-1(k)(1)  of the Securities  Exchange
         Act of 1934,as amended (the "Act").  A copy of the Agreement is
         attached hereto as Exhibit A.

    (b)  The principal business address of FAMCO is 8235 Forsyth Boulevard,
         Suite 700, St. Louis, MO  63105. The principal business address of FMO
         is 2455 Corporate West Drive, Lisle, IL  60532

    (c)  FAMCO is a Missouri Limited Liability Company.  FMO is a a Delaware
         Statutory Trust.


    (d)  Title of Class of Securities:
         Common Units representing limited partnership interests

    (e)  CUSIP Number:
         435763107

Item 3.  If this statement is filed pursuant to 13d-1(b) or 13d-2(b) or (c),
check whether the person filing is a:

FAMCO is an investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);FMO
is an Investment company registered under section 8 of the Investment Company
Act of 1940.


Item 4.  Ownership.


Fiduciary Asset Management, LLC. acts as an investment sub-advisor to certain
closed-end investment companies registered under the Investment Company Act
of 1940 including FMO.  It also serves as an investment advisor to other
managed accounts. FAMCO by virtue of investment advisory agreements with
these clients has all investment and voting power over securities owned of
record by these clients. However, despite their delegation of investment and
voting power to FAMCO, these clients may be deemed to be the beneficial owners
under Rule 13d-3 of the Act of the securities they own of record because they
have the right to acquire investment and voting power through termination of
their investment sub-advisory or advisory agreement with FAMCO. Thus,FAMCO has
reported that it shares voting power and dispositive power over the securities
owned of record by these clients.  FAMCO may be deemed the beneficial owner of
the securities covered by this statement under Rule 13d-3 of the Act.  None of
the securities listed below are owned of record by FAMCO and FAMCO disclaims
any beneficial interest in the shares.

A.   Fiduciary Asset Management, L.L.C.

    (a)  Amount beneficially owned:

         542,402

    (b)  Percent of class:
         6.5%

    (c)  Number of shares as to which the person has:

      	(i)   Sole power to vote or to direct the vote:


      	(ii)  Shared power to vote or to direct the vote:
              542,402

      	(iii) Sole power to dispose or to direct the disposition of:


      	(iv)  Shared power to dispose or to direct the disposition of:
              542,402



B.    Fiduciary/Claymore MLP Opportunity Fund


    (a)  Amount beneficially owned:

         395,200

    (b)  Percent of class:
         4.7 %

    (c)  Number of shares as to which the person has:

      	(i)   Sole power to vote or to direct the vote:


      	(ii)  Shared power to vote or to direct the vote:
              395,200

      	(iii) Sole power to dispose or to direct the disposition of:


      	(iv)  Shared power to dispose or to direct the disposition of:
              395,200



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 persons have ceased to be the
	 beneficial owner of more than five percent of the class of securities,
  	 check the following [X]. FMO has ceased to be the beneficial
	 owner of more than 5 percent of the class of securities and is
	 filing this statement to report that fact.


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

         Not Applicable


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

         Not Applicable


Item 8.  Identification and Classification of Members of the Group.

         Not Applicable


Item 9.  Notice of Dissolution of a Group

         Not Applicable


Item 10.  Certification

              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.


                                   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.

Dated: February 17, 2009

			Fiduciary Asset Management, L.L.C.

			By: /s/ Joseph E. Gallagher, Jr.

        		Chief Compliance Officer
			----------------------------------


			Fiduciary/Claymore MLP Opportunity Fund

			By: /s/ James J. Cunnane, Jr.

        		Vice President
			----------------------------------





Exhibit A

              AGREEMENT REGARDING THE JOINT FILING OF SCHEDULE 13G

     In  accordance  with Rule 13d-1 (k) under the  Securities  Exchange  Act of
1934, as amended, the undersigned agree to the joint filing on behalf of each of
them of a statement on Schedule 13G (including  amendments thereto) with respect
to the Common Units of Holly Energy Partners LP, and further agree that
this agreement be included as an exhibit to such filings.

   In  evidence  whereof,  the  undersigned  have caused  this  Agreement  to be
executed on their behalf this 17th day of February, 2009.


			Fiduciary Asset Management, L.L.C.

			By: /s/ Joseph E. Gallagher, Jr.

        		Chief Compliance Officer
			----------------------------------


			Fiduciary/Claymore MLP Opportunity Fund

			By: /s/ James J. Cunnane, Jr.

        		Vice President
			----------------------------------