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STATE STREET SPDR S&P/ASX 50 ETF Net Asset Value 2003

Jan 27, 2003

65775_rns_2003-01-27_062e9a3b-bb7a-45bc-877e-99ed8757e356.pdf

Net Asset Value

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StreetTRACKS S&P / ASX50 Fund:

Trade Date: $28 - Jan - 2003$
1 N.A.V. per Unit $30.00
2 N.A.V. per Creation Unit $3,000,203.37
Value of Index Basket Shares for 28-Jan-2003 $2,999,994.54
3 Cash Component per Creation Unit $208.83
4 N.A.V. of StreetTRACKS S&P/ASX 50 Fund $24,092,173.12
Date: 29-Jan-2003
Opening Units on Issue 803,018.00
Applications 0.00
Redemptions 0.00
5 Ending Units on Issue 803.018.00

Index Basket Shares per Creation Unit for 29-Jan-2003

Stock Code Name of Index Basket Share Shares
AGL AUSTRALIAN GAS LIGHT 2.970
ALL. ARISTOCRAT LEISURE $-2.239$
AMC AMCORTIMITED 5.631
AMP AMP LIMITED 7,817
$\Delta N$ AUSTRALIA & NZ BANK 10.199
AWC Alumina Limited -7.480
AXA AXA ASIA PACIFIC 5,847
BHP BHP LIMITED 25,147
BII BRAMBLES INDUSTRIES 6.524
BSL BIP STEEL 5,369
CBA COMMONWEALTH BANK. 8,481
CCL COCA-COLA AMATIL 3,025.
CMI COLES MYER LTD. 8.052
`CSL CSL LIMITED $-1,073$
CSE CSR LIMITED 6.334
FGL FOSTER'S GROUP 13,931
$\Gamma XJ$ FAIRFAX (JOHN) 4.976
GPT GENERAL PROP, TRUST- 13,159
IAG INSURANCE AUSTRALIA 10,941
JHX HARDIE (JAMES) INDS. .3,053
11C LEND LEASE CORP 2.517
$-MAY$ MAYNE NICKLESS LTD 5,506
MBL MACOUARIE BANK LTD 1.357
$-MGR$ MIRVAC GROUP 4,191
MG MACOUARIE INFRA. 12.816
$-MIM$ . M.I.M. HOLDINGS LTD 13,526
NAB NATIONAL AUST. BANK 10.377
NCP NEWS CORPORATION $-10.074$
NCPDP NEWS CORPORATION 13.694
$\cdot$ PBL PUBLISHING & BROAD 2,742
OAN OANTAS AIRWAYS 9.204
OBE OBE INSURANCE GROUP. 4,165
RIO. RIO TINTO LIMITED 2,092
RMD. RESMED INC 2,161
$_{\rm NUB}$ ST GEORGE BANK 3.070
Stock Code Name of Index Basket Share Shares
'SGP : STOCKLAND TRUST GRP 5.602.
SRP SOUTH ORP ENTITED 4.095
STO -SANTOS LTD $-3,917$
$\rm ,S11N$ SUNCORP METWAY. 3.570
ТАН TABCORP HOLDINGS LTD $-2,527$
TEL TELECOM CORPORATION 6.311
TLS ~TELSTRA CORPORATION. 43,472
WBC WESTPAC BANKING CORP 11.952
WES WESFARMERS LIMITED $-2.543$
WFA WESTFIELD AMERICA 18.993
$\lnot$ WFT $\lnot$ WESTFIELD TRUST 13.894
WMR WMC Resources Lunite 7.692
WOW - WOOLWORTHS LIMITED. 7,152
WPL WOODSIDE PETROLEUM 2,979
WSF WESTFIELD HOLDINGS 2.856

Number of Stocks: 50

FootNotes:

  1. N.A.V. per Unit - is the Net Asset Value of the StreetTRACKS S&P/ASX 50 Fund divided by the number of unitsin issue or deemed to be in issue (calculated in accordance with the StreetTRACKS S&P/ASX 50 Fund Constitution)

Price and the Withdrawal amount as described in the Street TRACKS Prospectus. 2. N.A.V. per Creation Unit - is the N.A.V. per Unit multiplied by the number of units that may be applied for or redeemed (a 'Creation Unit').

  1. N.A.V. of StreetTRACKS S&P/ASX 50 Fund - is the Net Asset Value of StreetTRACKS S&P/ASX 50 Fund.5. The total units in issue (calculated in accordance with the StreetTRACKS S&P/ASX 50 Fund Constitution).

* The above amounts are calculated as at close of normal trading on the specified trade date.

End of Report