State Street Unveils New Global and International SPDRs (SM)

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT), today announced two new SPDR exchange traded funds (ETFs) will begin trading on the American Stock Exchange on May 13.

Developed to provide investors with precise exposure to targeted segments of the global and international markets, the new SPDRs include:

ETF Name

TickerIndex DescriptionExpense Ratio
SPDR® DJ Wilshire Global Real Estate ETF RWO Index includes more than 240 commercial and residential real estate companies domiciled in 23 countries across the globe, including the U.S. 0.50%
SPDR® S&P International Mid Cap ETF MDD Index includes more than 850 companies with market capitalizations between $2 and $5 billion domiciled in 25 developed countries outside the U.S. 0.45%

Offering a level of international diversification that has not been readily accessible in the past, the new SPDR S&P International Mid Cap ETF was developed to meet increasing investor demand for more high quality international portfolio management tools, said James Ross, senior managing director at State Street. With the addition of the SPDR DJ Wilshire Global Real Estate ETF, our family of SPDRs ETFs now provides investors with distinct exposure to the domestic, international, and global real estate markets.

State Street Global Advisors is one of the largest ETF providers in the United States and globally. As of March 31, 2008, US assets under management in State Streets ETFs totaled more than $148.2 billion¹ up from $103.3 billion year over year.

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, 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.

¹SSgA Funds Management, Inc. manages $148.2 billion in ETF assets in the US as of March 31, 2008.

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

Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations.

Investments in mid-sized companies may involve greater risks than those in larger, better known companies, but may be less volatile than investments in smaller companies.

REIT funds may be subject to a high degree of market risk due to lack of industry diversification. REIT funds may be subject to other risks including, but not limited to, changes in real estate values or economic conditions, credit risk and interest rate fluctuations and changes in the value of the underlying property owned by the trust and defaults by borrowers. Diversification does not ensure a profit or guarantee against loss.

S&P® is a trademark of The McGraw-Hill Companies, Inc. and has been licensed for use by State Street Bank and Trust Company. The products are not sponsored, endorsed, sold or promoted by Standard & Poors, and Standard & Poors makes no representations regarding the advisability of investing in the Fund.

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.

Dow Jones Wilshire Global Real Estate Securities Index (RESI) is an index designed to provide measures of 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 IndexesSM 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 use 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.

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.

10867-0509

Contacts:

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