ADDING MULTIMEDIA Investor Confidence Index Rises to 100.6 in March

    BOSTON, March 20 /CNW/ - State Street Global Markets, the investment
research and trading arm of State Street Corporation (NYSE:  STT), released
today the results of the State Street Investor Confidence Index(R) for March

    Global Investor Confidence increased sharply by 10.0 points to 100.6 from
February's revised reading of 90.6. Looking regionally, the confidence of
North American institutional investors rose strongly from 101.9 to 115.1. The
confidence of European investors decreased 5.1 points to 87.4, while the
confidence of Asian investors increased slightly from a revised reading of
82.5 to 82.8.

    Developed through State Street Global Markets' research partnership,
State Street Associates, by Harvard University professor Ken Froot and State
Street Associates Director Paul O'Connell, the State Street Investor
Confidence Index(R) measures investor confidence on a quantitative basis by
analyzing the actual buying and selling patterns of institutional investors.
The index is based on financial theory that assigns precise meaning to changes
in investor risk appetite, or the willingness of investors to allocate their
portfolios to equities. The more of their portfolio that institutional
investors are willing to devote to equities, the greater their risk appetite
or confidence.

    "The strong increase in the confidence of global institutional investors
can be traced back to the market turmoil that began towards the end of last
month," said Froot. "Once the initial volatility abated, institutional
investors stepped in and allocated towards equities in the second week of
March to take advantage of better valuations that were presented. While some
participants in the marketplace wanted to divest themselves of equities over
recent weeks, institutional investors have been ready and willing to take the
other side."

    "Looking regionally, there is a striking divergence in views," added
O'Connell. While US investors felt comfortable increasing their exposure to
equities in March, European confidence fell back from its recent high levels,
and Asian investor confidence remained broadly flat for a second month
running. At the same time, the overall level of buying and selling activity
has increased, and confidence may be more volatile going forward."

    About State Street Global Markets:

    State Street Global Markets provides specialized investment research and
trading in foreign exchange, equities, fixed income and derivatives. Its goal
is to enhance and preserve portfolio values for asset managers and asset
owners. From its unique position at the crossroads of the global markets, it
creates and unlocks value for its clients with original flow-based research,
innovative portfolio strategies, trade process optimization, and global
connectivity across multiple asset classes and markets.

    State Street Global Markets' research team of leading academic and
industry experts is committed to continually advancing the science, including
theory and application of its proprietary investor behavior research and
innovative portfolio & risk management technologies to help its clients
challenge conventional thinking, shape ideas, make more informed investment
decisions and deliver measurable results.

    About the State Street Investor Confidence Index(R):

    The index is released globally at 10 a.m. Eastern time in Boston on the
second to last Tuesday of each month. More information on the State Street
Investor Confidence Index, including frequently asked questions and a calendar
of release dates, is available at The previous month's
calculations for the index are revised to account for trading activity through
the end of the reporting period.

    About State Street:

    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 $11.9 trillion in assets under
custody and $1.7 trillion in assets under management as of December 31, 2006,
State Street operates in 26 countries and more than 100 geographic markets
worldwide. For more information, visit State Street's web site at

    This news announcement contains forward-looking statements as defined by
United States securities laws, including statements about the financial
outlook and business environment. Those statements are based on current
expectations and involve a number of risks and uncertainties, including those
related to the pace at which State Street adds new clients or at which
existing clients use additional services, the value of global and regional
financial markets, the pace of cross-border investment activity, changes in
interest rates, the pace of worldwide economic growth and rates of inflation,
the extent of volatility in currency markets, consolidations among clients and
competitors, State Street's business mix, the dynamics of markets State Street
serves, and State Street's success at integrating and converting acquisitions
into its business. Other important factors that could cause actual results to
differ materially from those indicated by any forward-looking statements are
set forth in State Street's 2006 annual report and subsequent SEC filings.
State Street encourages investors to read the corporation's annual report,
particularly the section on factors that may affect financial results, and its
subsequent SEC filings for additional information with respect to any
forward-looking statements and prior to making any investment decision. The
forward-looking statements contained in this press release speak only as of
the date hereof, March 20, 2007, and the company will not undertake efforts to
revise those forward-looking statements to reflect events after this date.


For further information:

For further information: State Street Global Markets Carolyn Cichon,

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