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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950123-10-052277.txt : 20100524
<SEC-HEADER>0000950123-10-052277.hdr.sgml : 20100524
<ACCEPTANCE-DATETIME>20100524110650
ACCESSION NUMBER:		0000950123-10-052277
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20100524
DATE AS OF CHANGE:		20100524

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPDR GOLD TRUST
		CENTRAL INDEX KEY:			0001222333
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				522369757
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-158105
		FILM NUMBER:		10852871

	BUSINESS ADDRESS:	
		STREET 1:		C/O WORLD GOLD TRUST SERVICES LLC
		STREET 2:		424 MADISON AVE 3RD FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2123173800

	MAIL ADDRESS:	
		STREET 1:		424 MADISON AVE 3RD FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	streetTRACKS GOLD TRUST
		DATE OF NAME CHANGE:	20041008

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EQUITY GOLD TRUST
		DATE OF NAME CHANGE:	20030310

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPDR GOLD TRUST
		CENTRAL INDEX KEY:			0001222333
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				522369757
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		C/O WORLD GOLD TRUST SERVICES LLC
		STREET 2:		424 MADISON AVE 3RD FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2123173800

	MAIL ADDRESS:	
		STREET 1:		424 MADISON AVE 3RD FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	streetTRACKS GOLD TRUST
		DATE OF NAME CHANGE:	20041008

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EQUITY GOLD TRUST
		DATE OF NAME CHANGE:	20030310
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>y03545afwp.htm
<DESCRIPTION>KEY INFORMATION
<TEXT>
<HTML>
<HEAD>
<TITLE>fwp</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="73%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Filed Pursuant to Rule&nbsp;433</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Registration No.&nbsp;333-158105</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>May 24, 2010</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="y03545ay0354501.gif" alt="(SDPR(R) GLD GOLD SHARES LOGO)">
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="BOTTOM"><DIV style="font-size: 16pt"><B>Key Information</B></DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top"><DIV style="font-size: 24pt">GLD</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SPDR</B><B><SUP style="FONT-size: 85%; vertical-align: text-top">&#174;</SUP></B> <B>GOLD SHARES</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="78%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>OBJECTIVE</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Designed to track the price of gold (net of Trust expenses)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>STRUCTURE</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Continuously offered investment trust</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>SYMBOL</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">GLD</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>EXCHANGE</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NYSE Arca, Inc.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>INITIAL PRICING</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Based on the price of 1/10th of an ounce of gold</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>MINIMUM ORDER</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1 share</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>SHORT SALE ELIGIBLE</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Yes</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>MARGIN ELIGIBLE</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Yes</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>ESTIMATED EXPENSES</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">0.40%*</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>GOLD BULLION</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="78%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>ALLOCATED GOLD</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Trust&#146;s allocated gold bullion is kept in the form of London Good Delivery bars (400 oz.) and
held in an allocated account.**</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>STORAGE</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The gold bullion is held by the Custodian, HSBC Bank USA, in its London vault or in the vaults of
sub-custodians.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ADVANTAGES</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="78%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>EASILY ACCESSIBLE</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Listed on the NYSE Arca</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>SECURE</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Gold Shares represent fractional, undivided interests in the Trust, the primary asset of which
is allocated (or secured) gold.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>COST-EFFECTIVE</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">For many investors, the transaction costs related to the Gold Shares are expected to be lower than
the costs associated with the purchase, storage and insurance of physical gold.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>LIQUID</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Structure allows for baskets to be created and redeemed according to market demand, creating
liquidity.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>TRANSPARENT</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">There exists a 24-hour global over-the-counter market for gold bullion, which provides readily
available market data. The price, holdings and net asset value of Gold Shares, as well as market
data for the overall gold bullion market, can be tracked daily at: www.spdrgoldshares.com</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>FLEXIBLE</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Gold Shares (NYSE Arca: GLD) are listed on the NYSE Arca and trade the same way ordinary
stocks do. It is possible to buy or sell Gold Shares continuously throughout the trading day on the
exchange at prices established by the market. Additionally, it is possible to place market, limit
and stop-loss orders of Gold Shares.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>MANAGEMENT</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR style="font-size: 1px">
    <TD colspan="7" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>SPONSOR:</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">World Gold Trust Services, LLC
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>TRUSTEE:</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">BNY Mellon Asset Servicing, a divison of the Bank of New York Mellon</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>CUSTODIAN:</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">HSBC Bank USA, N.A.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>MARKETING AGENT:</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">State Street Global Markets, LLC*</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>World Gold Trust Services, LLC as the Sponsor and State Street Global Markets, LLC as the
Marketing Agent have agreed to reduce the fees payable to them from the assets of the Trust to the
extent required so that the estimated ordinary expenses of the Trust do not exceed an amount equal
to 0.40% per annum of the daily net asset value during the period ending seven years from the date
of the Trust Indenture (11/12/2004) or upon the earlier termination of the Marketing Agent
Agreement. Investors should be aware that if the value of the Trust assets is less than
approximately $388&nbsp;million, the ordinary expenses of the Trust will be accrued at a rate greater
than 0.40% per year of the daily ANAV of the Trust even after the Sponsor and the Marketing Agent
have completely reduced their combined fees of 0.30% per year of the daily ANAV of the Trust. This
amount is based on the estimated ordinary expenses of the Trust.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">**</TD>
    <TD>&nbsp;</TD>
    <TD>Allocated gold bars are identified as the owner&#146;s in the vault and are not a part of the
bankrupt&#146;s estate in the event of the bankruptcy of the Custodian. Except in connection with
transfers of gold to or from the Trust, when the Trust&#146;s gold will be held in unallocated form and
in respect to a relatively small amount of gold that may be credited to the Trust&#146;s unallocated
account at the end of a business day (which will be no more than 430 ounces), the Trust&#146;s gold will
be held in allocated form (i.e., an individually identified bar of gold).</TD>
</TR>

</TABLE>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="BOTTOM"><B><I>Precise in a world that isn&#146;t:</I></B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top"><IMG src="y03545ay0354503.gif" alt="(GOLD LOGO)"></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="y03545ay0354502.gif" alt="(SDPR GLD GOLD SHARES LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>STATE STREET GLOBAL MARKETS, LLC</B><BR>
State Street Financial Center
One Lincoln Street<BR>
Boston, MA 02111<BR><BR>
866.320.4053<BR>
spdrgoldshares.com
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>FOR PUBLIC USE.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The SPDR<SUP style="FONT-size: 85%; vertical-align: text-top">&#174;</SUP> Gold Trust (the &#147;Trust&#148;) has filed a registration statement (including a prospectus) with
the SEC for the offering to which this communication relates. Before you invest, you should read
the prospectus in that registration statement and other documents the Trust has filed with the SEC
for more complete information about the Trust and this offering. You may get these documents for
free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Trust, or any
underwriter or any dealer participating in the offering, will arrange to send you the prospectus if
you request it by calling toll free at 866.320.4053 or contacting State Street Global Markets,
LLC, One Lincoln Street, Attn: SPDR<SUP style="FONT-size: 85%; vertical-align: text-top">&#174;</SUP> Gold Shares, 30th Floor, Boston, MA 02111.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The prospectus contains information about the Trust and the SPDR<SUP style="FONT-size: 85%; vertical-align: text-top">&#174;</SUP> Gold Shares (the &#147;Shares&#148;) which
is material and/or which may be important to you. You should read the entire prospectus, including
&#147;Risk Factors&#148; before making an investment decision about the Shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The value of the Shares relates directly to the value of the gold held by the Trust (less Trust
expenses) and fluctuations in the price of gold could materially adversely affect an investment in
the Shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Investors should be aware that there is no assurance that gold will maintain its
long-term value in terms of purchasing power in the future. In the event that the price of gold
declines, the Sponsor and the Marketing Agent expect the value of an investment in the Shares to
similarly decline proportionately.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Not FDIC Insured &#151; No Bank Guarantee &#151; May Lose Value</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Shareholders of the Trust will not have the protections associated with ownership of shares in an
investment company registered under the Investment Company Act of 1940 or the protections afforded
by the Commodity Exchange Act of 1936. The Trust is not registered as an investment company under
the Investment Company Act of 1940 and is not required to register under such act. Neither the
Sponsor nor the Trustee of the Trust is subject to regulation by the CFTC. Shareholders will not
have the regulatory protections provided to investors in CEA-regulated instruments or commodity
pools.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For more complete information, please call 866.320.4053 or visit www.spdrgoldshares.com today.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;SPDR<SUP style="FONT-size: 85%; vertical-align: text-top">&#174;</SUP>&#148; is a trademark of the Standard &#038; Poor&#146;s Financial Services, LLC and has been licensed by
use for the Sponsor. The &#147;SPDR&#148; trademark is used under license from Standard &#038; Poor&#146;s Financial
Services, LLC (&#147;S&#038;P&#148;) and the SPDR Gold Trust is permitted to use the &#147;SPDR&#148; trademark pursuant to
a sublicense from the Marketing Agent. No financial product offered by SPDR Gold Trust, or its
affiliates, is sponsored, endorsed, sold or promoted by S&#038;P. S&#038;P makes no representation or
warranty, express or implied, to the owners of any financial product or any member of the public
regarding the advisability of investing in securities generally or in financial products
particularly or the ability of the index on which the financial products are based to track general
stock market performance. S&#038;P is not responsible for and has not participated in any determination
or calculation made with respect to issuance or redemption of financial products. S&#038;P has no
obligation or liability in connection with the administration, marketing or trading of financial
products.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL S&#038;P HAVE ANY LIABILITY FOR ANY SPECIAL
PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, LOST PROFITS), EVEN IF
NOTIFIED OF THE POSSIBILITY OF DAMAGES.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" NOWRAP><DIV style="margin-left:0px; text-indent:-0px">&#169;2010 State Street Corporation.
All Rights Reserved.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">IBG-1461
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"> Exp. Date: 03/31/2011
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">IBG.GLD.KYIN.0510</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="BOTTOM"><B><I>Precise in a world that isn&#146;t:</I></B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top"><IMG src="y03545ay0354503.gif" alt="(GOLD LOGO)"></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">SPDR<SUP style="FONT-size: 85%; vertical-align: text-top">&#174;</SUP> GOLD TRUST has filed a registration statement (including a prospectus) with
the SEC for the offering to which this communication relates. Before you invest, you should read
the prospectus in that registration statement and other documents the issuer has filed with the SEC
for more complete information about the Trust and this offering. You may get these documents for
free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Trust or any
Authorized Participant will arrange to send you the prospectus if you request it by calling toll
free at 1-866-320-4053 or contacting State Street Global Markets, LLC, One Lincoln Street, Attn:
SPDR<SUP style="FONT-size: 85%; vertical-align: text-top">&#174;</SUP> Gold Shares, 30th Floor, Boston, MA 02111.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
