State Street Co-Hosts Collective Trust Fund Forum to Provide Discussion Platform for Industry Leaders

State Street Corporation (NYSE:STT), the worlds leading provider of financial services to institutional investors, and Invesco (NYSE: IVZ), one of the worlds leading independent asset managers, recently co-hosted an investment forum to discuss current issues and opportunities within the collective trust fund industry. The Collective Trust Fund Forum attracted more than 100 industry experts from 50 firms within the investment management community who participated in panel discussions spanning key trends across areas such as legal, plan consulting, accounting, product and distribution channels.

We have been co-hosting this forum with Invesco for three years, and we continue to be encouraged by the positive response from the industry. Each year the level of participation from the investment management community has increased significantly, a level which is indicative of the growing popularity of this type of investment fund, said Michael Williams executive vice president and head of State Streets North American Institutional Investor Services business. Bringing industry leaders together provides an opportunity to develop ideas and to anticipate effective business solutions for our customers.

Members of one of the Forums panels, A Changing Legal Landscape for Collective Trust Funds, discussed the impact of new ERISA fee and expense reporting requirements, guidance for third-party distribution arrangements for collective trust funds and dealing with in-kind transfers and transaction costs. Additional panel sessions provided insight into the future of the defined contribution (DC) market, a comparison of collective trust funds and mutual funds and new fund accounting requirements related to portfolio valuation and derivatives. The growth of DC and advantages of bringing collective trust funds into the mainstream were discussed during the Preparing for Tomorrow Today panel.

Invesco is strongly committed to increasing awareness about the many benefits of collective trust funds, remarked Kevin Lyman, general counselInstitutional Division of Invesco National Trust Company. The Forum provides an excellent opportunity for collective trust fund sponsors, advisers, and service providers, as well as those in the retirement plan and consultant community who work with these vehicles, to address common issues and develop best practices for the industry.

Invesco has operated collective trust funds for more than 20 years and manages more than $25 billion in collective trust fund assets (as of September 30, 2008) across a wide range of investment strategies and asset classes. These funds are an important component of the firms strategy to bring the best of Invescos product offerings to its clients in cost-effective ways that best meet their needs.

State Street has a long and trusted heritage in the investment servicing business, and is a leader in servicing Collective Trust Funds, Group Trusts, Limited Liability Corporations (LLC) and Limited Partnerships (LP). State Street also supports fund sponsors launching Business Trusts through its New Hampshire Trust Company. Today, State Street is the clear leader in delivering highly specialized asset servicing solutions for large pools of assets on a global scale.

State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $14.0 trillion in assets under custody and $1.7 trillion in assets under management at September 30, 2008, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Streets website at www.statestreet.com.

Invesco is a leading independent global investment management company, dedicated to helping people worldwide build their financial security. By delivering the combined power of its distinctive worldwide investment management capabilities, including AIM, Atlantic Trust, Invesco, Perpetual, PowerShares, Trimark, and WL Ross, Invesco provides a comprehensive array of enduring investment solutions for retail, institutional and high net worth clients around the world. Operating in 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.

Contacts:

State Street Corporation
Carolyn Cichon, 617-664-8672

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