American Stock Exchange News Release

ETF Release September 18, 2003, 2002
   

EURONEXT TO LAUNCH TRADING IN AMERICAN STOCK EXCHANGE LISTED DIAMONDS
Amsterdam -  The American Stock Exchange (Amex), the global leader and pioneer in exchange traded funds (ETFs) and Euronext, a European leader in ETFs, announced the trading of Diamonds on the NextTrack product segment of Euronext Amsterdam starting tomorrow.

The launch of Diamonds on Euronext Amsterdam will provide investors with the opportunity to invest in the product when U.S. markets are closed. It will also introduce new arbitrage opportunities for professional investors and provide Euronext retail investors access to one of the most successful ETFs in the world, while expanding the range and availability of ETFs listed on Euronext markets.

Salvatore F. Sodano, American Stock Exchange chairman and chief executive officer, said, "The launch of the Diamonds in Europe solidifies the Amex's reputation as a pioneer in the ETF segment. Our partnership with Euronext will result in a broadening of investment choices for European investors in the fast growing ETF industry, and will help lead the way for further cross-Atlantic cooperation in the capital markets."

The Diamonds Trust, Series 1, a U.S. unit investment trust based on the Dow Jones Industrial AverageSM index (DJIA®), is one of the best-known stock indices in the world. Diamonds are one of the most heavily traded ETFs in the United States, with 5 to 7 million shares traded daily, representing between $400 to $550 million a day (approx. EUR 432 to 594 million). The Trust's assets are currently valued at approximately $ 5 billion (approx. EUR 5.4 billion).

George Möller, chief operating officer of Euronext, said, "Euronext is proud and pleased to announce its cooperation with the American Stock Exchange, which allows the cross listing of this very successful ETF and brings this U.S. product closer to European investors."

Exchange Traded Funds (ETFs)

ETFs are indexed funds that trade throughout the day in the same way as individual stocks. Designed to closely track the performance of an index or basket of stocks, they can be liquid and cost-effective investment vehicles. Retail or institutional investors buy a single share of a specific ETF and benefit from the results of the index, business sector, national economy or region on which the fund is based.

American Stock Exchange

The American Stock Exchange (Amex) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 123 ETFs. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit www.amex.com.

Euronext NextTrack

In January 2001 Euronext created NextTrack, a product segment dedicated to ETFs, to help investors identify these new products more easily. From January 2003 to August 2003 more than 304,000 trades were registered in ETFs or 1,800 daily on average - an increase of 43.3% year-to-date.

Euronext only provides facilities for trading ETFs and cannot be considered an issuer or offeror of ETFs. Any references to specific ETFs are not intended as a solicitation to buy or sell. For information on an individual ETF, including risks, please refer to the prospectus.

Euronext is the first cross-border exchange business, created in September 2000 by the merger of the securities and derivatives markets of the Amsterdam, Brussels and Paris exchanges. In 2002, BVLP, the Portuguese exchange and LIFFE, the international derivatives exchange, joined Euronext. The exchange offers a range of services including the listing of financial instruments, trading in securities and derivatives, clearing, data dissemination and IT support. Euronext is Europe's largest exchange in terms of value of trading conducted through its central orderbook. In the first eight months of 2003 more than 97 million transactions were registered on Euronext's central electronic order book.

Diamonds Trust, Series 1

Diamonds Trust, Series 1 is a unit investment trust registered with the US Securities and Exchange Commission and licensed by the Netherlands Authority for the Financial Markets in accordance with the Netherlands Investment Undertaking Supervision Act (Wet toezicht beleggings-instellingen). The sponsor of Diamonds is PDR Services LLC, a wholly owned subsidiary of the American Stock Exchange LLC, the trustee is State Street Bank and Trust Company, and the listing and paying agent in the Netherlands is SNS Securities N.V. In the U.S., Diamonds are distributed by ALPS Distributors, Inc. Diamonds are subject to risks including possible loss of principal. Past performance is no guarantee of future results. . For more complete Diamonds information and a prospectus, including potential risks, call 1-800-THE-AMEX or visit www.amex.com/DIA. Read prospectus carefully before investing.

Dow Jones Industrial AverageSM, DJIA® and Diamonds® are trademarks for Dow Jones & Company, Inc., and have been licensed for use by PDR Services LLC and the American Stock Exchange LLC, pursuant to a license agreement with Dow JonesSM. Diamonds are not sponsored, endorsed, sold or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of investing in Diamonds. American Stock Exchange is a registered trademark of American Stock Exchange LLC.

Media Contacts:
American Stock Exchange:
Mary Chung +1 212 306 1641
Euronext Amsterdam:
Robert Bakker/ Alice Jentink +31 20 550 4488/ 4098
Euronext Brussels:
Anne De Gang +32 2 509 1392
Euronext Lisbon:
Sandra Machado +351 217 900 000
Euronext Paris:
Antoinette Darpy/ Isabelle Massonnat +33 1 49 27 53 75/ 10 66

For more information, visit www.amex.com or www.euronext.com.