STT State Street Corporation

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT), announced today that it has been named Nonprofit Equity Manager of the Year by Foundation and Endowment Money Management in its 2006 Nonprofit Awards for Excellence, held in conjunction with Alternative Investment News and the Information Management Network. The award recognizes innovative investment strategies, service to nonprofit clients, investment performance, and an organization�s efforts to provide solutions tailored to nonprofit investors. SSgA was honored for its growth in nonprofit assets, its experienced nonprofit client-service team and the success of several investment strategies utilized by nonprofit clients, including 130/30, International Alpha, International Alpha Select and Active Emerging Markets strategies. �This distinction as Nonprofit Equity Manager of the Year underscores our commitment to a collaborative approach in our client service and in the development of innovative investment strategies,� said Toby Seggerman, head of SSgA�s nonprofit client service team. �We continue to deliver superior excess returns in a risk-controlled framework. Our clients have found the consistency of those strategies to be a valuable component of their investment portfolios.� With a team of five nonprofit client service professionals, SSgA generated $3.9 billion in net new assets from nonprofits in 2005, tripling the 2004 figures. Increased appetite for SSgA�s active international, emerging market equity, real asset and Edge strategies (also called 130/30), have attracted strong investor interest. The Edge strategies exploit the value of loosening investment constraints on active managers. SSgA currently has more than $3.9 billion (in nine portfolios) in assets under management for its Edge strategies. �SSgA's approach seems to be more about educating clients, rather than selling product,� said Jeff Engleson, investment director at the North Dakota Land Department. �And once they have an educated client, the logic and consistency of their various investment approaches makes so much sense that it is hard not to consider them for a mandate.� Winners of the 2006 Nonprofit Awards for Excellence are featured in the November issue of Foundation and Endowment Money Management. For more information, please visit www.foundationendowment.com. About State Street Global Advisors State Street Global Advisors, the investment management arm of State Street Corporation, delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $1.6�trillion in assets under management as of September 30, 2006, State Street Global Advisors has investment centers in Boston, Hong Kong, London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo and Zurich, and offices in 25 cities worldwide. For more information, visit State Street Global Advisors at www.ssga.com. State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT), announced today that it has been named Nonprofit Equity Manager of the Year by Foundation and Endowment Money Management in its 2006 Nonprofit Awards for Excellence, held in conjunction with Alternative Investment News and the Information Management Network. The award recognizes innovative investment strategies, service to nonprofit clients, investment performance, and an organization's efforts to provide solutions tailored to nonprofit investors. SSgA was honored for its growth in nonprofit assets, its experienced nonprofit client-service team and the success of several investment strategies utilized by nonprofit clients, including 130/30, International Alpha, International Alpha Select and Active Emerging Markets strategies. "This distinction as Nonprofit Equity Manager of the Year underscores our commitment to a collaborative approach in our client service and in the development of innovative investment strategies," said Toby Seggerman, head of SSgA's nonprofit client service team. "We continue to deliver superior excess returns in a risk-controlled framework. Our clients have found the consistency of those strategies to be a valuable component of their investment portfolios." With a team of five nonprofit client service professionals, SSgA generated $3.9 billion in net new assets from nonprofits in 2005, tripling the 2004 figures. Increased appetite for SSgA's active international, emerging market equity, real asset and Edge strategies (also called 130/30), have attracted strong investor interest. The Edge strategies exploit the value of loosening investment constraints on active managers. SSgA currently has more than $3.9 billion (in nine portfolios) in assets under management for its Edge strategies. "SSgA's approach seems to be more about educating clients, rather than selling product," said Jeff Engleson, investment director at the North Dakota Land Department. "And once they have an educated client, the logic and consistency of their various investment approaches makes so much sense that it is hard not to consider them for a mandate." Winners of the 2006 Nonprofit Awards for Excellence are featured in the November issue of Foundation and Endowment Money Management. For more information, please visit www.foundationendowment.com. About State Street Global Advisors State Street Global Advisors, the investment management arm of State Street Corporation, delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $1.6 trillion in assets under management as of September 30, 2006, State Street Global Advisors has investment centers in Boston, Hong Kong, London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo and Zurich, and offices in 25 cities worldwide. For more information, visit State Street Global Advisors at www.ssga.com.