Nasdaq-100 Index Tracking Stock Tops $5 Billion in Assets

The Nasdaq Stock Market® reported today that total assets in the Nasdaq-100 Index Tracking StockSM (Amex: QQQ) rose to a record level of $5.3 billion as of yesterday's close. The Nasdaq-100 Index Tracking Stock is comprised of Exchange-traded securities that represent ownership in the Nasdaq-100 TrustSM, a unit investment trust designed to track the performance of the Nasdaq-100 Index® . The Nasdaq-100 Index Tracking StockSM was launched on March 10, 1999, to provide investors with an instrument that seeks to track the performance of the Nasdaq-100 Index. On November 18, 1999, the fund's total assets exceeded $4 billion. "All of us at Nasdaq are thrilled that the fund has shown such rapid asset growth as well as high trading volumes," said John L. Jacobs, Nasdaq Vice President and the QQQ product manager. "It demonstrates that the Nasdaq-100 Index Tracking Stock has fast become a favorite among investors." The Nasdaq-100 Index, launched in January 1985, has risen more than 80 percent this year alone, although past performance is not necessarily indicative of future performance. The Nasdaq Stock Market lists nearly 5,000 companies, has the largest dollar volume of trades of any financial market, and trades more shares per day than any other major U.S. market. Current market capitalization is $4.75 trillion. Nasdaq is a subsidiary of the NASD, the largest securities-industry, self-regulatory organization in the United States. For more information about Nasdaq, visit the Nasdaq Web site at http://www.nasdaq.com/. or the Nasdaq NewsroomSM at http://www.nasdaqnews.com/.