SPDR(R) ETF Family Announces Impact of AOL Time Warner Securities Litigation Settlement

The SPDR® S&P 500 ETF (SPDR Trust, Series I, AMEX:SPY - News), Technology Select Sector SPDR® Fund (AMEX:XLK - News); Consumer Discretionary Select Sector SPDR® Fund (AMEX:XLY - News), SPDR® DJ Global Titans ETF (AMEX:DGT - News), SPDR® DJ Wilshire Total Market ETF (AMEX:TMW - News), SPDR® DJ Wilshire Large Cap Growth ETF (AMEX:ELG - News), and Morgan Stanley Technology ETF (AMEX:MTK - News), announced today that each Fund received payments from the America Online / Time Warner Securities Litigation Settlement as authorized claimants.

The settlement stemmed from a lawsuit alleging violations of the Securities Act of 1933 and Securities Exchange Act of 1934 between 1999-2002. The amounts each Fund received from the settlement are listed below. When each Fund calculates its net asset value (NAV) per share on Wednesday, August 1, 2007, it is estimated that each Funds NAV will be impacted by the receipt of the corresponding payment in the amount stated below based on the shares outstanding as of July 31, 2007.

Fund Litigation Settlement Payment Shares Outstanding as of July 31, 2007 Per Share Amount
SPDR® S&P 500 ETF $15,945,512

397,762,491

$0.040
Technology Select Sector SPDR® Fund $1,968,281 93,553,890 $0.021
Consumer Discretionary Select Sector SPDR® Fund $74,628 13,851,564 $0.005
SPDR® DJ Global Titans ETF $22,488 2,200,237 $0.010
SPDR® DJ Wilshire Total Market ETF $44,509 1,200,117 $0.037
SPDR® DJ Wilshire Large Cap Growth ETF $41,238 4,000,112 $0.010
Morgan Stanley Technology ETF $92,760 3,100,104 $0.030

SSgA Funds Management, Inc.

SSgA Funds Management, Inc. is the investment advisor of the Select Sector SPDR Trust and streetTRACKS Series Trust and a wholly owned subsidiary of State Street Corporation. SSgA Funds Management, Inc. and other advisory affiliates of State Street Corporation comprise State Street Global Advisors ("SSgA").

State Street Global Advisors

State Street Global Advisors, the investment management group of State Street Corporation, delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $1.9 trillion in assets under management as of June 30, 2007, State Street Global Advisors has investment centers in Boston, Hong Kong, London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, and Zurich, and offices in 28 cities worldwide. For more information visit State Street Global Advisors at www.ssga.com.

Select Sector SPDR is a trademark of the McGraw-Hill Companies, Inc. and has been licensed for use. The stocks included in each Select Sector SPDR Index were selected by the compilation agent. The composition and weighting of each Index can be expected to differ to that of any similar index that is published by Standard & Poor's. Select Sector SPDRs bear a higher level of risk than more broadly diversified funds. No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by McGraw-Hill.

State Street Global Markets, LLC, member FINRA, SIPC is distributor for all SPDRs products and is a wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR shares, MidCap SPDRs and Dow Diamonds, all unit investment trusts and Select Sector SPDRs.

Before investing in the Funds, carefully consider the funds investment objectives, risks, charges and expenses. A prospectus, which contains this and other important information about the Funds can be obtained by calling 866.787.2257 or by visiting www.ssgafunds.com. Read it carefully before investing.

10575-0708

SPD00171

Contacts:

State Street Corporation
Marie McGehee, 617-664-1898
or
River Communications
Troy Mayclim, 914-686-5599
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