iPath® S&P 500 VIX Short-Term Features™ ETN

The S&P 500 VIX Short-Term Futures™ Index TR is designed to provide access to equity market volatility through CBOE Volatility Index^® (the "VIX Index") futures. Specifically, the S&P 500 VIX Short-Term Futures™ Index TR offers exposure to a daily rolling long position in the first and second month VIX futures contracts and reflects the implied volatility of the S&P 500^® Index at various points along the volatility forward curve. The index futures roll continuously throughout each month from the first month VIX futures contract into the second month VIX futures contract.

A direct investment in VIX (commonly referred to as spot VIX) is not possible. The S&P 500 VIX Short-Term Futures™ Index TR holds VIX futures contracts, which could involve roll costs and exhibit different risk and return characteristics. Investments offering volatility exposure can have various uses within a portfolio including hedging, directional, or arbitrage strategies and are typically short or medium-term in nature.

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Product Data (as of 03/19/2010)
Daily Indicative Value† $22.30
Shares Outstanding 52,413,100
Market Capitalization* $1,168,812,130

† Source: Barclays Bank PLC. The "Daily Indicative value" is historical, does not guarantee future performance, and is shown for illustrative purposes only. The issuer or an affiliate will provide the official Redemption Value to the redeeming holder in advance of any redemption. See additional information below. * Market Capitalization = Daily Indicative Value x Shares Outstanding

Market Data (as of 03/19/2010)
Closing Price $22.37		High $22.71
Net Change $0.26		Low $21.79
% Change 1.18%		Volume 3,358,345
		20-Day Volume Average 2,353,888

Profile
Primary Exchange NYSE Arca		Yearly Fee 0.89%¹
Ticker VXX		Bloomberg Index Ticker SPVXSTR
Intraday Indicative Value Ticker VXX.IV		CUSIP 06740C527
Bloomberg ETN Keystroke VXX<EQUITY><GO>		Inception Date 01/29/2009
		Maturity Date 01/30/2019

Returns (As of 02/28/2010)
	1 mo.	3 mo.	6 mo.	YTD	1Yr.	3 Yr.	5 Yr.	10 Yr.	Since Note Incept.
Index	-18.10%	-35.30%	-55.71%	-22.72%	-75.86%	-1.31%	N/A	N/A	-70.63%
iPath Indicative Value Return	-18.16%	-35.44%	-55.90%	-22.83%	-76.07%	N/A	N/A	N/A	-71.29%

Index returns prior to 1/22/09 are hypothetical and are an illustration of how the index would have performed based on current methodology. This data does not reflect actual performance of the index

Market Price Returns (As of 02/28/2010)
	1 mo.	3 mo.	6 mo.	YTD	1Yr.	3 Yr.	5 Yr.	10 Yr.	Since Note Incept.
iPath Market Price Return	-17.35%	-34.96%	-55.70%	-22.99%	-75.89%	N/A	N/A	N/A	-70.90%

Source: BlackRock. Period ending 02/10.
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investment, when sold or redeemed may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. See additional market price information.

Correlations (As of 02/28/2010)
S&P 500 Index	-0.74
CBOE SPX Volatility Index	0.73
S&P 500 VIX Short-Term Futures™ Index TR	1.00
S&P 500 VIX Mid-Term Futures™ Index TR	0.90

Sources: S&P, BlackRock (12/05-12/08) based on monthly returns. Index returns prior to 1/22/09 are hypothetical and are an illustration of how the index would have performed based on current methodology. This data does not reflect actual performance of the index.

Index Returns

Index Returns measure returns over the relevant period using the change in the index level expressed as a percentage from the beginning of the relevant period to the end of the relevant period. Index Returns are for illustrative purposes only and do not represent actual iPath ETN performance. Index Returns do not reflect any management fees, transaction costs, or expenses which would reduce your actual return. Indexes are unmanaged and one cannot invest directly in an index.

Market Returns

Market Returns measure returns over the relevant period using the change in the midpoint of the bid/ask spread at 4:00 pm Eastern time (or the last midpoint of the bid/ask spread prior to 4:00 pm Eastern time) expressed as a percentage from the beginning of the relevant period to the end of the relevant period and do not represent the returns you would receive if you traded at other times. Market Returns do not account for brokerage commissions, which will reduce actual returns.

Indicative Value Returns

The Indicative Value Returns measure the returns over the relevant period using the change in the Indicative Value expressed as a percentage from the beginning of the relevant period to the end of the relevant period and reflect the current investor fee.

Redemption Value

Subject to requirements described in the prospectus, the Securities may be redeemed. In order to exercise the right to redeem the Securities on any redemption date, the Securities must be redeemed by the holder in blocks of at least 25,000 of the same series at one time. A redemption charge will apply.

A Redemption Date is the third business day following each valuation date. Valuation Date means each business day during the term of the Securities inclusive or, if such date is not a trading day, the next succeeding trading day, not to exceed five business days.

Indicative Value

An intraday "indicative value" meant to approximate the intrinsic economic value of each iPath ETN is calculated and published by Bloomberg or a successor under the respective ticker symbols listed above. Additionally, the Daily Indicative value of each iPath ETN is calculated and posted each trading day to the Indicative Values table above. In connection with iPath ETNs, the term "indicative value" refers to the value at a given time determined based on the following equation:

Indicative Value = Closing Indicative Value on the immediately preceding calendar day X Current Index Factor - Current Investor Fee

Where:

Principal Amount per Unit = $100

Closing Indicative Value = The closing indicative value of the ETNs of any series as described in the prospectus.

Current Index Factor = The most recent published level of the Index as reported by the index sponsor / the closing level of the Index on the immediately preceding index business day.

Current Investor Fee = The most recent daily calculation of the investor fee with respect to your ETNs, determined as described in the prospectus (which, during any trading day, will be the investor fee determined on the preceding calendar day).

The indicative value calculation is provided for reference purposes only. It is not intended as a price or quotation, or as an offer or solicitation for the purchase, sale, redemption or termination of the iPath ETNs, nor do they reflect hedging or transaction costs, credit considerations, market liquidity, or bid-offer spreads. Published index levels from the sponsors of the indices underlying each iPath ETN may occasionally be subject to delay or postponement. Any such delays or postponements will affect the Current Index Factor and therefore the indicative value of each iPath ETN. Index levels provided by the sponsors of the indices underlying the iPath ETNs do not necessarily reflect the depth and liquidity of the underlying commodities markets. For this reason and others, the actual trading price of the iPath ETN may be different from their indicative value.

¹ The investor fee is the Yearly Fee times the applicable closing indicative value times the applicable daily index factor, calculated on a daily basis in the following manner: The investor fee on the inception date will equal zero. On each subsequent calendar day until maturity or early redemption, the investor fee will be equal to the Yearly Fee times the closing indicative value on the immediately preceding calendar day times the daily index factor on that day (or, if such day is not an index business day, one) divided by 365.