American Stock Exchange to Trade Options on Eight PowerShares

    NEW YORK, Oct. 25 /PRNewswire-FirstCall/ -- The American Stock Exchange(R)
 (Amex(R)) will launch trading in options on Wednesday, October 26, 2005 on the
 underlying shares of:
 
     PowerShares Dynamic Energy Exploration & Production Portfolio Symbol: PXE
     PowerShares Dynamic Oil Services Portfolio                    Symbol: PXJ
     PowerShares Dynamic Retail Portfolio                          Symbol: PMR
     PowerShares Lux Nanotech Portfolio                            Symbol: PXN
     PowerShares Dynamic Building & Construction Portfolio         Symbol: PKB
     PowerShares Dynamic Insurance Portfolio                       Symbol: PIC
     PowerShares Dynamic Utilities Portfolio                       Symbol: PUI
     PowerShares Aerospace & Defense Portfolio                     Symbol: PPA
 
     The PowerShares Dynamic Energy Exploration & Production Portfolio (PXE)
 will open with strike prices of 10-20 with one point increments and position
 limits of 2,500,000 shares.  The options will trade on the March expiration
 cycle with initial expirations in November, December, March and June.  The
 specialist will be LaBranche Structured Products, LLC.  The PowerShares
 Dynamic Energy Exploration and Production Portfolio seeks investment results
 that correspond generally to the price and yield performance, before fees and
 expenses of the Dynamic Energy Exploration & Production Intellidex Index.  The
 Dynamic Energy Exploration & Production Intellidex Index is comprised of
 stocks of 30 U.S. companies involved in the exploration and production of
 natural resources used to produce energy.  These are companies that are
 principally engaged in exploration, extraction, and production of crude oil
 and natural gas from land-based or offshore wells.  Petroleum refineries which
 process the crude oil into finished products, such as gasoline and automotive
 lubricants, may also be included as well as companies involved in gathering
 and processing of natural gas, and manufacturing natural gas liquid.
 
     The PowerShares Dynamic Oil Services Portfolio (PXJ) will open with strike
 prices of 10-20 with one point increments and position limits of 2,500,000
 shares.  The options will trade on the March expiration cycle with initial
 expirations in November, December, March and June.  The specialist will be
 LaBranche Structured Products, LLC.  The PowerShares Dynamic Oil Services
 Portfolio (Symbol: PXJ) seeks investment results that correspond generally to
 the price and yield performance, before fees and expenses of the Dynamic Oil
 Services Intellidex Index.  The Dynamic Oil Services Intellidex Index is
 comprised of stocks of 30 U.S. companies that provide support activities for
 oil and gas operations.  The index may include companies that are engaged in
 the drilling of oil and gas wells; manufacturing oil and gas field machinery
 and equipment; or providing services to the oil and gas industry such as well
 analysis, platform and pipeline engineering and construction, logistics and
 transportation services, oil and gas well emergency management, and
 geophysical data acquisition and processing.
 
     The PowerShares Dynamic Retail Portfolio (PMR) will open with strike
 prices of 10-20 with one point increments and position limits of 2,500,000
 shares.  The options will trade on the March expiration cycle with initial
 expirations in November, December, March and June.  The specialist will be
 LaBranche Structured Products, LLC.  The PowerShares Dynamic Retail Portfolio
 Dynamic Retail Intellidex Index seeks investment results that correspond
 generally to the price and yield performance, before fees and expenses of the
 Dynamic Retail Intellidex Index.  The Dynamic Retail Intellidex Index is
 comprised of stocks of 30 U.S. retailers.  These are companies that are
 principally engaged in operating general merchandise stores such as department
 stores, discount stores, warehouse clubs and superstores; specialty stores
 including apparel, electronics, accessories, and footwear stores; and home
 improvement and home furnishings stores.  Dealers of motor vehicles and parts,
 auction houses, or rental companies may also be included.
 
     The PowerShares Lux Nanotech Portfolio (PXN) will open with strike prices
 of 10-20 with one point increments and position limits of 2,500,000 shares.
 The options will trade on the March expiration cycle with initial expirations
 in November, December, March and June.  The specialist will be LaBranche
 Structured Products, LLC.  The PowerShares Lux Nanotech Portfolio seeks
 investment results that correspond generally to the price and yield
 performance, before fees and expenses of the Lux Nanotech Index.  The Lux
 Nanotech Index is a modified equal dollar weighted index comprised of publicly
 traded companies that seeks to measure the performance of securities that are
 involved with developing nanotechnology applications, manufacturing goods that
 incorporate those applications, and/or supplying tools and instrumentation to
 nanotechnology researchers.
 
     The PowerShares Dynamic Building & Construction Portfolio (PKB) will open
 with strike prices of 10-20 with one point increments and position limits of
 2,500,000 shares.  The options will trade on the March expiration cycle with
 initial expirations in November, December, March and June.  The specialist
 will be Goldman Sachs Execution & Clearing LP.  The PowerShares Dynamic
 Building & Construction Portfolio seeks investment results that correspond
 generally to the price and yield performance, before fees and expenses of The
 Dynamic Building & Construction Intellidex Index.  The Dynamic Building &
 Construction Intellidex Index is comprised of stocks of 30 U.S. building and
 construction companies.  These companies are principally engaged in providing
 construction and related engineering services for building and remodeling
 residential properties, commercial or industrial buildings; or working on
 large-scale infrastructure projects such as highways, tunnels, bridges, dams,
 power lines, and airports.  These companies may also include manufacturers of
 building materials for home improvement and general construction projects and
 specialized machinery used for building and construction; companies which
 provide installation/maintenance/repair work; and land developers.
 
     The PowerShares Dynamic Insurance Portfolio (PIC) will open with strike
 prices of 10-20 with one point increments and position limits of 2,500,000
 shares.  The options will trade on the March expiration cycle with initial
 expirations in November, December, March and June.  The specialist will be
 Goldman Sachs Execution & Clearing LP.  The PowerShares Dynamic Insurance
 Portfolio seeks investment results that correspond generally to the price and
 yield performance, before fees and expenses of the Dynamic Insurance
 Intellidex Index.  The Dynamic Insurance Intellidex Index is comprised of
 stocks of 30 U.S. insurance companies.  These are companies that are
 principally engaged in underwriting or distributing and reselling life,
 health, and property/casualty insurance policies.  The index may include
 companies that provide coverage for various types of property and casualty
 risks; guarantee payment to a beneficiary when an insured person ceases to
 generate income, typically at death or retirement; or protect against
 financial loss resulting from medical bills and/or the financial consequences
 of poor health.  Insurance brokerage and reinsurance companies may also be
 included.
 
     The PowerShares Dynamic Utilities Portfolio (PUI) will open with strike
 prices of 10-20 with one point increments and position limits of 2,500,000
 shares.  The options will trade on the March expiration cycle with initial
 expirations in November, December, March and June.  The specialist will be
 Goldman Sachs Execution & Clearing LP.  The PowerShares Dynamic Utilities
 Portfolio Dynamic Utilities Intellidex Index seeks investment results that
 correspond generally to the price and yield performance, before fees and
 expenses of the Dynamic Utilities Intellidex Index.  The Dynamic Utilities
 Intellidex Index is comprised of stocks of 30 U.S. utilities.  These companies
 are principally engaged in providing energy, water, or natural gas utilities.
 These companies may include companies that generate and supply electricity,
 including electricity wholesalers; distribute natural gas to customers;
 provide water to customers, as well as dealing with associated wastewater.
 
     The PowerShares Aerospace & Defense Portfolio  (PPA) will open with strike
 prices of 10-20 with one point increments and position limits of 2,500,000
 shares.  The options will trade on the March expiration cycle with initial
 expirations in November, December, March and June.  The specialist will be
 Goldman Sachs Execution & Clearing LP.  The PowerShares Aerospace & Defense
 Portfolio seeks investment results that correspond generally to the price and
 yield performance, before fees and expenses of The SPADE Defense Index.  The
 SPADE Defense Index is a modified market capitalization weighted index
 comprised of publicly traded companies that seeks to measure the performance
 of securities in the defense, homeland security, and space marketplace.  The
 Index is rebalanced quarterly each March, June, September and December.  The
 Index divisor was initially determined to yield a benchmark value of 1000.00
 at the close of trading on December 30, 2002.  The SPADE Index was created by,
 and is a trademark of, International Space Business Council ("ISBC').
 
     For more information on any Amex-listed company, please visit
 http://www.amex.com.
 
     The American Stock Exchange(R) (Amex(R)) is the only primary exchange that
 offers trading across a full range of equities, options and exchange traded
 funds (ETFs), including structured products and HOLDRS(SM).  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 169 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 http://www.amex.com.
 
 

SOURCE The American Stock Exchange

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