American Stock Exchange News Release

ETF Release
Media Contact: Bari Trontz
American Stock Exchange
212-306-8964/bari.trontz@amex.com

AMERICAN STOCK EXCHANGE LAUNCHES VANGUARD'S TWO NEW EXCHANGE TRADED FUNDS
New Low-Cost ETFs Track the MSCI US Mid-Cap Indexes
New York, August 24, 2006 -  The American Stock Exchange (Amex) announced today that it has launched trading in the Vanguard Mid-Cap Value ETF (VOE) and the Vanguard Mid-Cap Growth ETF (VOT).

"Vanguard is a respected leader in investment products, and the American Stock Exchange is extremely pleased to have been selected to list their new mid-cap ETFs." said Cliff Weber, Senior Vice President of the ETF Marketplace. "The Amex takes great pride in supporting all of Vanguard's 26 ETF listings on the exchange."

The Vanguard Mid-Cap Value ETF and Vanguard Mid-Cap Growth ETF seek to track, respectively, the Morgan Stanley Capital International (MSCI) US Mid Cap Value Index and the MSCI US Mid Cap Growth Index, which are subsets of the MSCI US Mid Cap 450 Index. The two new funds have projected expense ratios of 0.13% each, well below the average of 0.34% for their respective peer groups and about half the cost of competitors.

The specialist is Goldman Sachs Execution & Clearing LP.

About 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 190 ETFs to date. 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.