State Street Re-Brands Its Exchange-Traded Funds.

Assets Under Management Hit $100 Billion in Fourth Quarter

BOSTON -- State Street Global Advisors ("State Street"), the investment management arm of State Street Corporation (NYSE: STT), today announced that it is re-branding its exchange-traded funds (ETFs) and will be consolidating its offerings under the singular umbrella brand of SPDRsSM. The initiative will be implemented in several phases, beginning on January 8, 2007 and conclude later this year. The ticker symbols for the ETFs will remain unchanged.

"The move toward a unified brand is designed to bring clarity to investors and further distinguish our ETFs," said James Ross, senior managing director of State Street Global Advisors. "Having introduced the original SPDR ETF (based on the S&P 500[R] Index) the world's first and largest(a)ETF in 1993, State Street takes great pride in its heritage as the ETF industry's pioneer, the quality of our offerings and the benefits they provide to investors."

After conducting extensive research, State Street determined that consolidating its ETF products under the "SPDR" name, re-branding its website (www.spdretfs.com), and introducing a new logo featuring a re-designed version of the brand's mark (a spider illustration), would present a more discernible suite of products. To support the re-branding initiative, State Street is also launching a major advertising campaign, created around a new tagline - "Precise in a world that isn't.(SM)" For a list of ETFs that will begin trading under their new names on January 8, 2007, please see the attached document.

"The new brand platform centers around the concept of precision in two ways," said Tony Rochte, head of U.S. Intermediary Sales and Client Service at State Street Global Advisors. "First, the suggestion of SPDRs' product purity and second, what investors look for in an investment: A vehicle that helps them to precisely match their investment strategy."

Assets Under Management Hit New Heights

In October 2006, State Street Global Advisors' U.S. assets under management in ETFs topped $100 billion for the first time - up from $75 billion year over year. As one of the largest ETF providers in the U.S. and globally, State Street continues to experience significant demand for its offerings and at year-end 2006, managed approximately $102 billion across 43 ETFs domestic ($113 billion and 67 worldwide).

About State Street Global Advisors

State Street Global Advisors, the investment management arm of State Street Corporation (NYSE: STT), delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $1.6 trillion in assets under management as of September 30, 2006, State Street Global Advisors has investment centers in Boston, Hong Kong, London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo and Zurich, and offices in 25 cities worldwide. For more information, visit State Street Global Advisors at www.ssga.com.

The "SPDR" trademark is used under license from The McGraw-Hill Companies, Inc. ("McGraw-Hill"). No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by McGraw-Hill.

Funds that begin trading under new names on January 8, 2007, include:

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(a)Based on assets under management as of December 31, 2006

The Funds are advised by SSgA Funds Management Inc., a registered investment adviser and a wholly owned subsidiary of SSgA.

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

Dow Jones Wilshire exUS RESI is an index designed to provide measures of non-U.S. real estate securities that serve as proxies for direct real estate investing.

Dow Jones & Company, Inc. is the owner of the trademarks and copyrights relating to the Dow Jones Indexes. The Dow Jones Wilshire Indexes(SM) are calculated and distributed by Dow Jones Indexes pursuant to an agreement between Dow Jones & Company, Inc. and Wilshire Associates Incorporated. Dow Jones and Wilshire are the respective service marks of Dow Jones and Wilshire Associates and have been licensed for used by State Street Bank and Trust Company. streetTRACKS products, based on the Dow Jones Wilshire Indexes are not sponsored, endorsed, sold, or promoted by Dow Jones or Wilshire and neither make any representation regarding the advisability of investing in them. Inclusion of a company in the Dow Jones Wilshire Indexes does not in any way reflect an opinion of Dow Jones or Wilshire on the investment merits of the company

State Street Global Markets, LLC, member NASD, SIPC, is distributor for all SSgA[R] Funds and SPDRs products except for SPDR S&P 500, Dow Diamonds and Select Sector SPDRS which are distributed by ALPS Distributors, Inc., a registered broker-dealer.

Before investing, consider the funds' investment objectives, risks, charges and expenses. A prospectus, which contains this and other important information about the fund can be obtained by calling 866.787.2257. Read it carefully before investing.

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