KBW & SSGA Launch Three Innovative Financial Services Sector ETFs

Three new Exchange Traded Funds based on Keefe, Bruyette
& Woods' (KBW) benchmark financial service-focused indices began
trading today on the American Stock Exchange. Today's launch is the
first result of a previously announced partnership between KBW and
State Street Global Advisors to launch an innovative suite of exchange
traded funds that offer a more focused way to invest in the financial
services sector.
   The KBW ETFs, part of State Street's streetTRACKS family of
investment products, provide investors with the ability to buy precise
slices of the financial services sector for the first time. Investors
can use these innovative products to invest in the banking, capital
markets and insurance sub-sectors of the financial services sector.
   As the leading full-service investment bank focusing exclusively
on the financial services industry, KBW provides a unique perspective
on this sector. "As a group, financial services is the single largest
component of the U.S. market," noted Thomas Michaud, KBW Vice-Chairman
and Chief Operating Officer. "But not all financial stocks behave
alike. These new ETFs will empower market participants to more
efficiently make and hedge investments directly in each of the primary
sub-sectors of financial services."
   The streetTRACKS KBW Bank ETF (Symbol: KBE) is based upon the KBW
Bank Index (BKX). It is the only ETF focused purely on the nation's
largest banking companies, capturing more than $1 trillion of the
overall U.S. banking industry's total capitalization.
   The streetTRACKS KBW Capital Markets ETF (Symbol: KCE) is based on
the KBW Capital Markets Index (KSX). It is the only ETF based upon the
equities that constitute the U.S. capital markets. Dominant
broker/dealers, trust banks, asset managers and exchanges are all
represented.
   The streetTRACKS KBW Insurance ETF (Symbol: KIE) is based upon the
KBW Insurance Index (KIX). The ETF is comprised of 24 leading
insurance stocks, including property and casualty insurers, life
insurers, mortgage insurers, title insurers, reinsurers, insurance
brokers and financial guarantors.
   These ETFs are compliant under the Registered Investment Company
Act (RIC) and can be owned by mutual funds, hedge funds, insurance
companies and individual investors alike. The Keefe, Bruyette & Woods
ETF's, like all ETF's, are not subject to any uptick limitations for
short selling.

   About Keefe, Bruyette and Woods

   Keefe, Bruyette, & Woods, Inc (KBW) is an institutionally oriented
securities broker/dealer and full service investment bank that
specializes in the North American and European financial services
sectors.
   Founded in 1962 and 100% employee-owned, the firm is widely
recognized as a leading authority in the banking, insurance,
brokerage, asset management, mortgage banking and specialty finance
sectors. Our firm has established industry-leading positions in the
areas of research, corporate finance, mergers and acquisitions as well
as sales and trading for financial services companies.

   The Exchange Traded Fund Pioneer

   SSgA, the investment management arm of State Street Corporation,
is an innovator in the exchange traded funds (ETF) marketplace.
   In 1993, in partnership with the American Stock Exchange (AMEX),
SSgA launched the first, and now largest, ETF--the SDR (AMEX:SPY).(1)
The success of the SPDR(R) has driven more than a decade of ETF asset
growth and product development around the world.
   As one of the largest institutional asset managers in the world,
with over $1.4 trillion in assets under management(2), SSgA continues
to lead the way in the development and management of revolutionary
ETFs providing investors with liquid exposure to a wide breadth of
markets, both large and small. SSgA's expansive ETF offering seeks to
combine the experience and intellectual capital of SSgA with the
resources and intelligence of the most respected companies.

   (1)Source: Citigroup Investment Research as of September 30, 2005.

   (2)Source: State Street Global Advisors as of September 30, 2005.

   Disclosure

   The shares ("Shares") of streetTRACKS KBW ETFs, a series of the
streetTRACKS Series Trust are not sponsored, endorsed, sold or
promoted by Keefe, Bruyette & Woods ("KBW"). KBW makes no
representation or warranty, express or implied, to the owners of the
Shares or any member of the public regarding the advisability of
investing in securities generally or in the Shares particularly or the
ability of the KBW Capital Markets, Bank and Insurance Index to track
general stock market performance. KBW's only relationship to State
Street Bank and Trust Company is the licensing of certain trademarks
and tradenames of KBW and the KBW capital markets, Bank and Insurance
Index which is determined, composed and calculated by KBW without
regard to State Street Bank and Trust, streetTRACKS or the Shares. KBW
has no obligation to take the needs of State Street Bank and Trust
Company or the owners of the shares into consideration in determining,
composing, or calculating the KBW Capital Markets, Bank and Insurance
Index. KBW is not responsible for and has not participated in any
determination or calculation made with respect to issuance or
redemption of the Shares. KBW has no obligation or liability in
connection with the administration, marketing or trading of the
Shares.
   Standard & Poor's(R), S&P(R), S&P 500(R), Standard & Poor's
500(R), Standard & Poor's Depository Receipts(R), SPDRs(R), Select
Sector SPDR(R), Select Sector SPDRs(R) and Select Sector Standard &
Poor's Depository Receipts(R) are trademarks of The McGraw-Hill
Companies, Inc., and have been licensed for use in connection with
their listing and trading on the American Stock Exchange. The Products
are not sponsored, endorsed, sold or promoted by Standard & Poor's and
Standard & Poor's makes no representation regarding the advisability
of investing in the Product.
   Funds investing in a single sector may be subject to more
volatility than funds investing in a diverse group of sectors.
   An investor should consider investment objectives, risks, charges
and expenses carefully before investing. To obtain a prospectus, which
contains this and other information, call 866.787.2257 or visit
www.advisors.ssga.com/etf. Please read the prospectus carefully before
investing.
   streetTRACKS are distributed by State Street Global Markets, LLC,
member NASD, SIPC.