STATE STREET GLOBAL ADVISORS INTRODUCES INSTITUTIONAL FUND INDEXED TO MSCI’S DOMESTIC US EQUITY INDICES

Total assets benchmarked to the MSCI US Equity Indices exceed $120 billion

New York, August 8, 2005 - MSCI Barra, a leading provider of benchmark indices and risk management analytics products, today announced that State Street Global Advisors (SSgA) now manages assets that track the performance of the MSCI US Equity Indices. SSgA products are developed for use by its institutional clients including pension, Taft Hartley, foundation, and endowment funds.

"The new SSgA offering provides a product based on indices that are designed to accurately reflect the various size and style segments of the U.S. markets and to have low turnover," said Ken O’Keeffe, Executive Director at MSCI Barra. "We are encouraged by the growing usage and acceptance of the MSCI US Equity Indices. With a list of clients that now includes SSgA, Sempra Energy, Vanguard, Allstate, Callan and others, the MSCI US Equity Indices serve as benchmarks for assets exceeding $120 billion, in defined benefit pension plans, 401K plans, 529 plans, ETFs, and mutual funds."

"SSgA is one of the largest providers of index funds to institutional investors in the world. Adding products based on the MSCI US Equity Indices enhances our ability to offer tailored investment solutions to our clients. This will expand our already significant breadth of product offerings," said Mike Feehily, Head of U.S. Equity Index Products at SSgA.

MSCI launched the US Equity Indices in 2003 after institutional investors expressed the need for a suite of better constructed and maintained U.S. indices that are designed to more broadly and accurately reflect the
various size and style segments of the U.S. markets, and to have low turnover.

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