STT State Street Corporation

Earlier this week, State Street Corporation (NYSE: STT), the world's leading provider of services to institutional investors, co-hosted, "Collective Investment Funds Forum-A Guidebook for a New Fund Era," together with INVESCO. The forum, held at State Street's corporate headquarters in Boston, provided an opportunity for more than 65 industry experts to discuss a wide range of issues impacting the collective investment fund industry. "As the industry leader, we are in a unique position to provide insight into the issues impacting our customers now and in the future," said Robert Tarter, executive vice president of State Street Corporation. "By exchanging ideas and fostering a dialogue, we have brought topics and issues to the forefront that will help the industry work towards developing better solutions to meet our customers' needs." One of the panels hosted by State Street and INVESCO discussed techniques to navigate successfully in a challenging regulatory environment. The panel topics included controls and oversight concerns for collective trust funds and collateral issues in swaps, options and futures. Additional accounting and operations panels addressed topics such new FASB stable value reporting requirements, distribution channels and supporting defined contribution markets. "This forum, the first of its kind in the industry, provided a valuable opportunity to work together with our industry colleagues to prepare for challenges and opportunities within the changing collective investment fund marketplace," said Kevin Lyman of INVESCO. State Street has a long, trusted and storied heritage in the investment servicing business and is a leader in servicing Collective Investment Trusts, Group Trusts, Limited Liability Corporations (LLC) and Limited Partnerships (LP). The company has been providing the highest level of custody, accounting and related services to collective funds and pension plans worldwide for more than 25 years. Today, State Street is the clear leader in delivering highly specialized asset servicing solutions for large pools of assets on a global scale. State Street Corporation State Street Corporation (NYSE: STT) is the world's leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading. With $9.6 trillion in assets under custody and $1.4 trillion in assets under management (as of June 30, 2005), State Street operates in 25 countries and more than 100 geographic markets worldwide. For more information, visit State Street's web site at www.statestreet.com.