STT State Street Corporation

State Street Corporation (NYSE: STT), the world's leading provider of financial services to institutional investors, announced today that it has been appointed by Evergreen Investments (Evergreen) to provide investment manager operations outsourcing services for more than 2,500 portfolios representing approximately $150 billion in assets, as of September 30, 2006. State Street will provide Evergreen with a broad range of investment operations services including trade matching and confirmation, data management, reconciliation, performance measurement and portfolio recordkeeping. As a result of this mandate, approximately 60 Evergreen employees are transferring to State Street. State Street has provided Evergreen Investments with custody and accounting services since 1960. �Evergreen�s decision is further evidence of the trend for investment managers to outsource investment operations activities to support the rapid introduction of sophisticated investment products,� said Jay Hooley, executive vice president and head of global investment servicing for State Street. �Having provided services to Evergreen for more than 45 years, we are pleased that they have chosen to further expand our mandate to provide full investment operations support. This successful history with Evergreen demonstrates the deep and trusted relationships we have with our customers.� �Because they are a proven leader in investment manager operations outsourcing and have a history of serving other asset management clients, we are confident in State Street�s ability to provide us with the most comprehensive services and support in the business,� said Doug Munn, chief operating officer, Evergreen Investments. State Street is the leading provider of investment manager operations outsourcing services to asset managers with more than $3 trillion in assets under administration. Last year it renewed its five year outsourcing relationship with Scottish Widows Investment Partnership for a total of 13 years-- an industry first. Earlier this year State Street also announced that it expanded its two-year relationship with AXA Investment Managers to include a range of services for AXA�s Luxembourg and Dublin-based funds. This expansion of the relationship with AXA is a testament to State Street�s ability to provide cross-border services to its clients� expanding and multi-jurisdictional needs. State Street Corporation is the world�s leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading services. With $11.3 trillion in assets under custody and $1.6 trillion in assets under management as of September 30, 2006, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street�s web site at www.statestreet.com. State Street Corporation (NYSE: STT), the world's leading provider of financial services to institutional investors, announced today that it has been appointed by Evergreen Investments (Evergreen) to provide investment manager operations outsourcing services for more than 2,500 portfolios representing approximately $150 billion in assets, as of September 30, 2006. State Street will provide Evergreen with a broad range of investment operations services including trade matching and confirmation, data management, reconciliation, performance measurement and portfolio recordkeeping. As a result of this mandate, approximately 60 Evergreen employees are transferring to State Street. State Street has provided Evergreen Investments with custody and accounting services since 1960. "Evergreen's decision is further evidence of the trend for investment managers to outsource investment operations activities to support the rapid introduction of sophisticated investment products," said Jay Hooley, executive vice president and head of global investment servicing for State Street. "Having provided services to Evergreen for more than 45 years, we are pleased that they have chosen to further expand our mandate to provide full investment operations support. This successful history with Evergreen demonstrates the deep and trusted relationships we have with our customers." "Because they are a proven leader in investment manager operations outsourcing and have a history of serving other asset management clients, we are confident in State Street's ability to provide us with the most comprehensive services and support in the business," said Doug Munn, chief operating officer, Evergreen Investments. State Street is the leading provider of investment manager operations outsourcing services to asset managers with more than $3 trillion in assets under administration. Last year it renewed its five year outsourcing relationship with Scottish Widows Investment Partnership for a total of 13 years-- an industry first. Earlier this year State Street also announced that it expanded its two-year relationship with AXA Investment Managers to include a range of services for AXA's Luxembourg and Dublin-based funds. This expansion of the relationship with AXA is a testament to State Street's ability to provide cross-border services to its clients' expanding and multi-jurisdictional needs. State Street Corporation is the world's leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading services. With $11.3 trillion in assets under custody and $1.6 trillion in assets under management as of September 30, 2006, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street's web site at www.statestreet.com.