State Street Global Advisors Launches Nine New Exchange-Traded Funds.

BOSTON -- New Line-up Includes the SPDR(R) Dividend ETF, Dow Jones Wilshire Style ETFs and Ground-breaking KBW Sub-sector ETFs.

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT) and one of the largest institutional asset managers in the world, announced today that it has launched nine new exchange-traded funds (ETFs): the SPDR(R) Dividend ETF as well as eight under the streetTRACKS(R) name, which include three Keefe, Bruyette and Woods financial industry sub-sector ETFs and five style-based ETFs tracking Dow Jones Wilshire indices. The funds were welcomed this morning with a bell-ringing ceremony on the American Stock Exchange.(a)

The new funds, and their ticker symbols, are:

FUND NAME                                            TICKER SYMBOL
 SPDR Dividend ETF                                          SDY
 streetTRACKS KBW Bank ETF                                  KBE
 streetTRACKS KBW Capital Markets ETF                       KCE
 streetTRACKS KBW Insurance ETF                             KIE
 streetTRACKS DJ Wilshire Large Cap ETF                     ELR
 streetTRACKS  DJ Wilshire Mid Cap ETF                      EMM
 streetTRACKS DJ Wilshire Mid Cap Growth ETF                EMG
 streetTRACKS DJ Wilshire Mid Cap Value ETF                 EMV
 streetTRACKS DJ Wilshire Small Cap ETF                     DSC

The SPDR Dividend ETF tracks the S&P(R) High Yield Dividend Aristocrats Index, which includes the 50 highest-yielding S&P Composite 1500 constituents that have increased their dividends every year over the past 25 years.

"The introduction of the SPDR Dividend ETF underscores our commitment to providing investors with sophisticated, yet practical investment options that complement a diverse range of investment products and are aimed at helping investors reach their financial goals," said Jim Ross, co-head of SSgA's Advisor Strategies unit. "With benchmark changes on the existing streetTRACKS Dow Jones style ETFs to reflect the DJ Wilshire Style Indexes, SSgA's five new DJ Wilshire Style ETFs round out the streetTRACKS family of style-based ETFs. These offerings give investors access to all segments of the U.S. equity market that together comprise the SSgA DJ Wilshire Total Market ETF, the total market benchmark offering we launched earlier this year. We believe these additions provide financial advisors and their clients with a more complete suite of tools to build portfolios."

SSgA's new sub-sector ETFs are based on indices tracked by Keefe, Bruyette & Woods. The streetTRACKS KBW ETFs track the bank, capital markets and insurance subsets of KBW's financial industry index.

"State Street's new financial industry sub-sector ETFs are the first of their kind in the marketplace and represent State Street Global Advisors' continued commitment to developing innovative ETF solutions for investors," said Greg Ehret, co-head of SSgA's Advisor Strategies unit. "In recent years, many institutional investors have used industry and sector-driven ETFs to inject their portfolios with higher 'alpha' return potential. These sub-sector ETFs take sector investing to its next evolutionary level, and we expect them to receive a warm welcome from professional investors."

State Street, in partnership with the American Stock Exchange, introduced the first ETF, the SPDR, in 1993.

"The launch of nine new ETFs on the American Stock Exchange is a tribute to our long-standing relationship with State Street," said Cliff Weber, senior vice president of the Amex ETF Marketplace. "We are proud to partner once again with an innovative firm such as State Street in bringing exciting new ETF investing opportunities to the marketplace."

Since the introduction of the SPDR, State Street Global Advisors continues to be an innovator of ETF products. In December 2004, in cooperation with China Asset Management Company, SSgA announced the availability of the first ETF in China- the Shanghai 50 ETF, based on the new Shanghai 50 Index. Last November, SSgA partnered with the World Gold Trust Services, a subsidiary of the World Gold Council, to bring to market streetTRACKS Gold Shares (GLD), the first commodity-based, exchange traded security in the United States. GLD has garnered $3.2 billion in assets in its first year of operations.(1) State Street Global Advisors currently has more than $80 billion in ETF assets under management worldwide, which represents approximately 22 percent of ETF assets globally.(1)

SSgA Funds Management, Inc. (SSgA FM) is the advisor for the SPDR Dividend ETF and the streetTRACKS family of ETFs. SSgA FM, with other investment management affiliates of State Street Corporation, comprise State Street Global Advisors, the investment management arm of State Street Corporation. SSgA is the largest institutional investment manager in the world delivering investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $1.4 trillion in investment programs and portfolios (as of September 30, 2005), State Street Global Advisors has investment centers in Boston, Hong Kong, London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, and Zurich. For more information, visit at www.ssga.com.

The American Stock Exchange(R) (Amex(R)) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 186 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks.

(1) Source: SSgA Advisor Consulting Services as of October 31, 2005.

(a) A replay of a press conference which followed the bell-ringing ceremony can be accessed today at 1-888-989-4365 (pass code 32206). It will be available for six months.

An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a prospectus, which contains this and other information about the funds, visit www.streettracks.com. Please read the prospectus carefully before investing.

ETFs trade like a stock and are subject to market risk.

streetTRACKS (R), and SPDR Dividend ETF are distributed by State Street Global Markets, LLC, member NASD, SIPC, BSE. State Street Global Markets, LLC is a wholly owned subsidiary of State Street Corporation.