First Trust Dow Jones Select MicroCap Index(SM) Fund Declares Semi-Annual Distribution of $.046 Per Share

  
    
  
  
    
      First Trust Dow Jones Select MicroCap IndexSM 
      Fund (the “Fund”) 
      (AMEX:FDM) today declared its regularly scheduled semi-annual 
      distribution of $.046 per share.
    
    
      The dividend will be payable on June 29, 2007 to shareholders of record 
      as of June 25, 2007 with an expected ex-dividend date of June 21, 2007. 
      The final determination of the source and tax status of all 
      distributions paid in 2007 will be made after the end of 2007.
    
    
      The Fund is a series of the First Trust Exchange-Traded Fund, an 
      investment company and an exchange-traded “index 
      fund” designed to seek investment results that 
      correspond generally to the price and yield (before the Fund’s 
      fees and expenses) of an equity index called The Dow Jones Select 
      MicroCap IndexSM.
    
    
      First Trust Advisors L.P. acts as the fund’s 
      investment adviser and currently manages or supervises approximately $32 
      billion in assets.
    
    
      Past performance is no assurance of future results. Investment return 
      and market value of an investment in the Fund will fluctuate. Shares, 
      when sold, may be worth more or less than their original cost.
    
    
      Principal Risk Factors: An investment in the Fund involves risks similar 
      to those of investing in any Fund of equity securities traded on 
      exchanges. The Fund will invest in micro-capitalization companies. Such 
      companies may be more vulnerable to adverse general market or economic 
      developments, may be less liquid, and may experience greater price 
      volatility than larger, more established companies. Investors buying or 
      selling Fund shares on the secondary market may incur brokerage 
      commissions. In addition, investors who sell Fund shares may receive 
      less than the share’s net asset value. Please 
      see the Fund’s prospectus for additional 
      information on the risks of investing in the Fund.
    
    
      The Fund’s daily American Stock Exchange 
      closing price and net asset value per share as well as other information 
      can be found at www.ftportfolios.com 
      or by calling 1-800-988-5891.