STT State Street Corporation

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE:STT) and the largest institutional fund manager in the world, today announced an agreement with The Wharton School of the University of Pennsylvania to develop and distribute proprietary research to enhance the wealth management acumen of financial advisors and other investment professionals. State Street Global Advisors, in collaboration with the editorial staff at Knowledge@Wharton, the online research and business analysis journal of the Wharton School, will co-author research reports intended to improve the quality of, and access to, practical wealth management research and intelligence for financial professionals. The reports, which will be published at least quarterly, will primarily be distributed via Knowledge@Wharton at http://knowledge.wharton.upenn.edu. "This collaboration combines the expertise and intellectual resources of State Street Global Advisors with the research and distribution capabilities of Knowledge@Wharton," said Mukul Pandya, editor and director of Knowledge@Wharton. "The resulting research will add significant value to the rich content that Knowledge@Wharton makes available to the global business community." "This alliance with The Wharton School is a natural fit for us," said Gus Fleites, managing director of SSgA's Advisor Strategies group. "Wharton's faculty is comprised of world-renowned thought leaders and researchers in the finance, investment and marketing fields. The ability to combine SSgA's vast knowledge together with Wharton's should result in the highest quality wealth management research reports. This relationship represents an incredible opportunity to provide our clients with valuable investment insights that they can use to cultivate and enhance their businesses." About State Street Global Advisors State Street Global Advisors (http://www.ssga.com), the investment management group of State Street Corporation, delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $1.4 trillion in investment programs and portfolios (as of March 31, 2005), State Street Global Advisors has investment centers in Boston, Hong Kong, London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, and Zurich, and offices in 28 cities worldwide. For more information, visit State Street Global Advisors at www.ssga.com About Knowledge@Wharton and the Wharton School Knowledge@Wharton (http://knowledge.wharton.upenn.edu/) is a free biweekly online resource that captures knowledge generated at Wharton through such channels as research papers, conferences, books, and interviews with faculty on current business topics, and distributes that knowledge online to a global business audience. In addition to English, there are Chinese, Spanish and Portuguese editions of the website. Over the past five years, Knowledge@Wharton has been featured in the Wall Street Journal, Financial Times, BusinessWeek, Economist Intelligence Unit and several other publications. Knowledge@Wharton provides robust editorial content covering areas ranging from Finance and Investment to Business Ethics, to an audience of over 450,000 subscribers in 189 countries worldwide. Its audience is comprised of academics, journalists and professionals, including many who are C-level and senior business executives. The Wharton School of the University of Pennsylvania is recognized around the world for its academic strengths across every major discipline and at every level of business education. Founded in 1881 as the first collegiate business school in the nation, Wharton has approximately 4,600 undergraduate, MBA, and doctoral students, more than 8,000 participants in its executive education programs annually, and an alumni network of more than 80,000 worldwide.