Spdr Series Trust - Definitive materials filed by investment companies. (497)

SPDR(R) SERIES TRUST

SUPPLEMENT DATED FEBRUARY 6, 2008
TO THE
STATEMENT OF ADDITIONAL INFORMATION
DATED OCTOBER 31, 2007, AS SUPPLEMENTED

The following information on local market holiday schedules replaces the existing information starting on page 64 in the Statement of Additional Information under the title "Local Market Holiday Schedules".

LOCAL MARKET HOLIDAY SCHEDULES

The Trust generally intends to effect deliveries of portfolio securities on a basis of "T" plus three business days (i.e., days on which the AMEX and NYSE are open) in the relevant foreign market of a Fund. The ability of the Trust to effect in-kind redemptions within three business days of receipt of a redemption request is subject, among other things, to the condition that, within the time period from the date of the request to the date of delivery of the securities, there are no days that are local market holidays on the relevant business days. For every occurrence of one or more intervening holidays in the local market that are not holidays observed in the United States, the redemption settlement cycle may be extended by the number of such intervening local holidays. In addition to holidays, other unforeseeable closings in a foreign market due to emergencies may also prevent the Trust from delivering securities within three business days.

The securities delivery cycles currently practicable for transferring portfolio securities to redeeming investors, coupled with local market holiday schedules, may require a delivery process longer than seven calendar days, in certain circumstances, during the calendar years 2008 and 2009. The holidays applicable to the International Treasury Bond ETF during such periods are listed below, as are instances where more than seven days will be needed to deliver redemption proceeds. Although certain holidays may occur on different dates in subsequent years, the number of days required to deliver redemption proceeds in any given year is not expected to exceed the maximum number of days listed below. The proclamation of new holidays, the treatment by market participants of certain days as "informal holidays" (e.g., days on which no or limited securities transactions occur, as a result of substantially shortened trading hours), the elimination of existing holidays, or changes in local securities delivery practices, could affect the information set forth herein at some time in the future.

The remaining dates in the calendar year 2008 and the beginning of 2009 on which the regular holidays affecting the relevant securities markets in the countries listed below fall are as follows:

 AUSTRIA JAPAN
March 21, 2008 February 11, 2008
March 24, 2008 March 20, 2008
 May 1, 2008 April 29, 2008
 May 12, 2008 May 5, 2008
 May 22, 2008 May 6, 2008

 August 15, 2008 July 21, 2008
 December 8, 2008 September 15, 2008
 December 24, 2008 September 23, 2008
 December 25, 2008 October 13, 2008
 December 26, 2008 November 3, 2008
 December 31, 2008 November 24, 2008
 January 1, 2009 December 23, 2008
 December 30, 2008
 AUSTRALIA December 31, 2008
 March 20, 2008 January 1, 2009
 March 21, 2008 January 2, 2009
 March 24, 2008 January 3, 2009
 April 25, 2008 January 4, 2009
 June 9, 2008 January 14, 2009
 December 24, 2008
 December 25, 2008 MEXICO
 December 26, 2008 February 4, 2008
 December 31, 2008 March 17, 2008
 January 1, 2009 March 20, 2008
 January 28, 2009 March 21, 2008
 May 1, 2008
 BELGIUM September 16, 2008
 March 21, 2008 November 17, 2008
 March 24, 2008 December 12, 2008
 May 1, 2008 December 25, 2008
 December 24, 2008 January 1, 2009
 December 25, 2008
 December 26, 2008 NETHERLANDS
 December 31, 2008 March 21, 2008
 January 1, 2009 March 24, 2008
 May 1, 2008
 CANADA December 24, 2008
 February 18, 2008 December 25, 2008
 March 21, 2008 December 26, 2008
 May 19, 2008 December 31, 2008
 July 1, 2008 January 1, 2009
 August 4, 2008
September 1, 2008 POLAND
 October 13, 2008 March 21, 2008
December 25, 2008 March 24, 2008
December 26, 2008 May 1, 2008
 January 1, 2009 May 22, 2008
 August 15, 2008
 DENMARK November 11, 2008
 March 20, 2008 December 24, 2008
 March 21, 2008 December 25, 2008
 March 24, 2008 December 26, 2008
 April 18, 2008 January 1, 2009
 May 1, 2008
 May 12, 2008 SOUTH AFRICA
 June 5, 2008 March 21, 2008
 December 24, 2008 March 24, 2008
 December 25, 2008 February 28, 2008
 December 26, 2008 May 1, 2008
 December 31, 2008 June 16, 2008
 January 1, 2009 September 24, 2008
 December 16, 2008
 FRANCE December 25, 2008
 March 21, 2008 December 26, 2008
 March 24, 2008 January 1, 2009
 May 1, 2008
 December 24, 2008 SPAIN
 December 25, 2008 March 21, 2008
 December 26, 2008 March 24, 2008
 December 31, 2008 May 1, 2008
 January 1, 2009

 December 25, 2008
 December 26, 2008
 GERMANY January 1, 2009
 March 21, 2008
 March 24, 2008 SWEDEN
 May 1, 2008 March 20, 2008
 May 12, 2008 March 21, 2008
December 24, 2008 March 24, 2008
December 25, 2008 April 30, 2008
December 26, 2008 May 1, 2008
December 31, 2008 June 6, 2008
 January 1, 2009 June 20, 2008
 October 31, 2008
 GREECE December 24, 2008
 March 10, 2008 December 25, 2008
 March 21, 2008 December 26, 2008
 March 24, 2008 December 31, 2008
 March 25, 2008 January 1, 2009
 April 25, 2008
 April 28, 2008 TAIWAN
 May 1, 2008 February 4, 2008
 June 16, 2008 February 5, 2008
 August 15, 2008 February 6, 2008
 October 28, 2008 February 7, 2008
 December 25, 2008 February 8, 2008
 December 26, 2008 February 11, 2008
 January 1, 2009 February 28, 2008
 April 4, 2008
 ITALY May 1, 2008
 March 21, 2008 October 10, 2008
 March 24, 2008 January 1, 2009
 May 1, 2008
 August 15, 2008 UNITED KINGDOM
December 24, 2008 March 21, 2008
December 25, 2008 March 24, 2008
December 26, 2008 May 5, 2008
December 31, 2008 May 26, 2008
 January 1, 2009 August 25, 2008
 December 25, 2008
 December 26, 2008
 January 1, 2009

REDEMPTION. The longest redemption cycle for a Fund is a function of the longest redemption cycles among the countries whose stocks comprise a Fund. A redemption request over certain holidays may result in a settlement period that will exceed 7 calendar days. In the calendar year 2007, the dates of the regular holidays affecting the South African securities markets presented the worst-case redemption cycle as R + 12 calendar days was the maximum number of calendar days necessary to satisfy a redemption request.

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