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Brower Piven Encourages Investors Who Have Losses in Excess of $25,000 From Investment in SSgA Intermediate Fund to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the November 10, 2008 Lead Plaintiff Deadline

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Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of all investors who purchased the SSgA Intermediate Fund (the "Fund ") (NASDAQ: SSINX) within three years of September 11, 2008 (the "Class Period"). The complaint charges defendants with violations of the Securities Act of 1933.

No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than November 10, 2008 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You may contact Brower Piven (through hoffman@browerpiven.com or 410/332-0030) to answer any questions you may have in that regard.

The complaint alleges that defendants solicited investors to purchase shares of the Fund by making statements in its registration statement and supplemental prospectuses that described the Fund's objective as one that "seeks a high level of current income while preserving principal by investing primarily in a diversified portfolio of debt securities with a dollar-weighted average maturity between three and ten years." The complaint further alleges that the registration statement represented that the investment objective of the Fund was to invest "at least 80% of its total assets in debt instruments" and to invest in "debt instruments rated investment grade or better." As alleged in the complaint, these statements, among others, were materially false and misleading because they failed to reflect the actual risks associated with acquiring shares of the Fund from the Fund's heavy investment in high-risk mortgage-backed securities and/or securities tied to the value of subprime mortgages which caused the Fund to suffer declines in net asset value.

If you have suffered a net loss for all transactions in the SSgA Intermediate Fund during the Class Period, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410-332-0030, or at Brower Piven, A Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 40 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.



 
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