The SPDR® S&P 500 ETF Trust (NYSE:SPY - News) and the Health Care Select Sector SPDR Fund (NYSE:XLV - News) today announced that the Funds received payment as an authorized claimant from a class action settlement related to Bristol-Myers Squibb Co.

The total amount payable to each Fund is listed below. When the Funds calculate their net asset value (?NAV?) per share on Friday, December 3, 2010, it is estimated that each Fund's NAV will be impacted by the receipt of the corresponding payment in the amount stated below based on the shares outstanding as of December 1, 2010.

Fund  

Settlement
Payment

 

Shares
Outstanding as of
December 1, 2010

 

Per Share
Amount

SPDR® S&P
500 ETF Trust
(ticker: SPY)

  $2,242,232   658,932,116   $0.0034

Health Care
Select Sector
SPDR Fund
(ticker: XLV)

  $443,879   90,415,324   $0.0049

State Street manages $224 billion in SPDR ETF assets worldwide (as of September 30, 2010) and is one of the largest ETF providers in the US and globally.

About State Street Global Advisors

State Street Global Advisors is a global leader in asset management. We are relied on by sophisticated investors worldwide for our disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSgA is the asset management business of State Street, one of the world's leading providers of financial services to institutional investors.

Note to Editors: SPDR® Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs provide professional investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as the industry pioneer, State Street?in partnership with the American Stock Exchange?created the first ETF in 1993 (SPDR S&P 500 – Ticker SPY). Since then, we've sustained our place as an industry innovator through the introduction of many ground-breaking products, including first-to-market successes with gold, international real estate, international fixed income and sector ETFs. SPDR ETFs are managed or marketed by SSgA or SSgA Funds Management, Inc, a registered investment adviser and wholly owned subsidiary of State Street Bank and Trust Company.

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

Frequent trading of ETFs could significantly increase commissions and other costs such that they may offset any savings from low fees or costs.

SPDR® is a registered trademark of Standard & Poor Financial Services LLC ("S&P") and has been licensed for use by State Street Corporation. No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by S&P or its Affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in such products. Further limitations and important information that could affect investors' rights are described in the prospectus for the applicable product.

Distributor (for SPDR ETFs, except as noted below): State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation.

ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR S&P 500 shares, MidCap SPDRs and SPDR DJIA ETF, all unit investment trusts and Select Sector SPDRs.

References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus which contains this and other information call 1-866-787-2257 or visit www.spdrs.com. Read it carefully.

CORP-0252

State Street
Marie McGehee, 617-664-1898