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Exhibit 99.(1)
STREETTRACKS(SM) SERIES TRUST
1. Share Purchase. State Street Capital Markets, LLC ("SSCM") hereby purchases
from streetTRACKS(SM) Series Trust (the "Trust"), a series-type investment
company having ten investment portfolios (the "Funds"), the following shares of
beneficial interest ("Shares") of the below named Funds at the per-share
purchase price indicated below, on the terms and conditions set forth herein and
in the registration statement described below:
<TABLE>
<CAPTION>
Amount Price Shares
Funds Purchased Per Share Purchased
----- --------- --------- ---------
<S> <C> <C> <C>
streetTRACKS(SM) Dow Jones Large Cap Growth Index Fund
streetTRACKS(SM) Dow Jones Large Cap Value Index Fund
streetTRACKS(SM) Dow Jones Small Cap Growth Index Fund
streetTRACKS(SM) Dow Jones Small Cap Value Index Fund
streetTRACKS(SM) Dow Jones Global Titans Index Fund
streetTRACKS(SM) Wilshire REIT Index Fund
streetTRACKS(SM) Morgan Stanley Internet Index Fund
streetTRACKS(SM) Morgan Stanley High Tech 35 Index Fund
FORTUNE 500(R) Index Fund
FORTUNE e-50(TM) Index Fund
</TABLE>
SSCM hereby acknowledges receipt of a purchase confirmation reflecting the
purchase of the Shares, and the Trust hereby acknowledges receipt from SSCM of
funds in the amount of $100,000 in full payment of the Shares.
SSCM understands that the Trust has filed with the Securities and Exchange
Commission a Registration Statement which contains the prospectus describing the
Trust and the Shares to be issued thereunder. By its signature hereto, the
undersigned hereby acknowledges receipt of a copy of the Registration Statement.
2. Representations and Warranties. SSCM hereby represents and warrants to the
Trust as follows:
(a) It understand that the Trust has indicated to it that no federal or
state agency has made any findings or determinations as to the
fairness for investment, nor any recommendations or endorsement, of
the Trust's shares;
(b) It has such knowledge and experience of financial and business
matters as will enable it to utilize the information made available
to it in connection with the offering described in the Trust's
Registration Statement, to evaluate the merits and risks of the
prospective investment and to make an informed investment decision;
(c) It recognizes that the Trust has only recently been organized and
has no financial or operating history and, further, that investment
in the Trust involves certain risks related to the purchase of the
Trust's shares, and it acknowledges that it has suitable financial
resources and anticipated income to bear the economic risk of such
an investment;
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(d) It is purchasing the Shares for its own account, for investment, in
order to provide initial capital or "seed money," for each of the
Funds and not with any intent to distribute or resell the Shares,
either in whole or in part, and with no present intent to sell or
otherwise dispose of the Shares, either in whole or in part;
(e) It will not sell the Shares purchased by it without registration of
such Shares under the Securities Act of 1933 except in reliance upon
an exemption therefrom;
(f) It has been furnished with, and has carefully read, this purchase
agreement and the Registration Statement and such material documents
relating to the Trust as its has requested and as have been provided
to it by the Trust; and
(g) It has had the opportunity to ask questions of, and receive answers
from, the Trust concerning each Fund and the terms of the offering.
IN WITNESS WHEREOF, the undersigned have executed this instrument as of
September 22, 2000.
State Street Capital Markets, LLC
By: /s/ Robert Kilroy
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Name: Robert Kilroy
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Title: Treasurer
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streetTRACKS(SM) Series Trust
By: /s/ Agustin J. Fleites
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Name: Agustin J. Fleites
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Title: President
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