May 30, 2002

SEC Permits Barclays to Launch First Bond Index ET

May 30, 2002 -- Barclays Global Fund Advisors announced that the U.S. Securities and Exchange Commission voted to permit Barclays to introduce the nation's first fixed income exchange-traded funds.

The funds are scheduled to be launched in late July, pending completion of an approximate 30-day notice period and issuance of a final order by the SEC.

Barclays noted that of the seven funds covered, six are designed to track Lehman Brothers Bond indexes, and one is designed to track a Goldman Sachs Bond index. The seven proposed ETFs comprise:

*iShares 1-3 Year Treasury Index Fund

*iShares 7-10 Year Treasury Index Fund

*iShares 20+ Year Treasury Index Fund

*iShares Treasury Index Fund

*iShares Lehman Government/Credit Index Fund

*iShares Lehman Corporate Bond Fund

*iShares Goldman Sachs Corporate Bond Fund

Barclays Global Fund Advisors, a subsidiary of Barclays Global Investors, N.A., will manage the funds, which are are expected to be listed on the American Stock Exchange.

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