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| For Excellence in Journalism in the field of Investment Services and Investment Management for Institutional Investors in Germany |
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| Receives Top Honors for Pre-Trade, Execution, Post -Trade and Organization & Support
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| High Profile Fund Seeks to Broaden Development of Bond and Capital Markets in Asia-Pacific Region |
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| Expense Initiatives Implemented in Second Half of 2004 Showing Results |
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| Global Advantage Funds and State Street Emerging Markets Funds Named Best in Category
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U.S. Institutional Investors More Upbeat than European and Asian Counterparts |
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| Study Also Shows Differing Views on Best Way to Invest in the Asset Class |
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