State Street Launches SPDR(R) University

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT), today announced the launch of SPDR® University (www.spdru.com), a new web site offering proprietary research and educational materials on exchange-traded products (ETPs), the markets, portfolio strategies, and practice management for financial advisors, registered investment advisors, and wealth managers.

Featuring thought leadership from State Street Global Advisors and independent third party experts, SPDR University provides financial intermediaries with the opportunity to earn Continuing Education (CE) credits, at no cost, to meet requirements for both Certified Financial Planner (CFP) and Certified Investment Management Analyst (CIMA) accreditation. Educational materials designed for clients, and available for distribution to non-investment professionals, are also available through SPDR University.

“SPDR University was created by working closely with financial intermediaries seeking a central, trusted resource for high quality investment research and educational content,” said Gary MacDonald, vice president at State Street Global Advisors. “Offering the opportunity to receive CE credits while accessing a wealth of thought leadership on key trends and developments in practice management, exchange traded products, and the markets, SPDR University underscores State Street’s commitment to providing innovative solutions to financial professionals.”

In addition to delivering ready-to-print client materials, SPDR University offers research reports, whitepapers, multimedia presentations, and live webcasts on a broad range of topics such as:

• ETFs: Are They Right For You?;
• Best Practices For Discussing Risk;
• Investing In China: A Growth Opportunity;
• Eight Principles For Strategic Wealth Management; and
• Separating Alpha and Beta

”As the market for ETFs continues to grow, it is important for us as the market pioneer to continue to deliver innovative solutions that bring clarity to this evolving industry for financial professionals,” MacDonald added.

Having unveiled the original SPDR® (based on the S&P 500® Index), the world’s first and largest ETF in 1993, State Street manages $159 billion in ETF assets worldwide as of March 31, 2008. For more information on SPDR University, visit www.spdru.com.

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 $2 trillion in assets under management at March 31, 2008, State Street Global Advisors has investment centers in Boston, Hong Kong, London, Montreal, Toronto, Munich, Paris, Singapore, Sydney, Tokyo and Zurich, and offices in 27 cities worldwide. For more information, visit State Street Global Advisors at www.ssga.com.

ETFs trade like stocks, are subject to investment risk and will fluctuate in market value.

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. S&P® and S&P 500® Index are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by State Street Bank and Trust Company.

Investors should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. A prospectus which contains this and other information about the fund can be obtained by calling 866.787.2257 or speaking to your financial advisor. Read the prospectus carefully before investing.

Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs.

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