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

First Trust Dow Jones Select MicroCap Index(sm) Fund
(the "Fund") (AMEX:FDM) today declared its regularly scheduled
semi-annual distribution of $.046 per share.
   The distribution will be payable on June 30, 2006 to shareholders
of record on June 27, 2006, with an expected ex-dividend date of June
23, 2006. The final determination of the source and tax status of all
distributions paid in 2006 will be made after the end of 2006.
   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 Index(sm).
   First Trust Advisors L.P. acts as the fund's investment adviser
and currently manages or supervises approximately $25 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.
   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.