Supplement No. 2 dated November 1, 1997
(Supplanting Supplement No. 1 dated September 11, 1997)
to
Prospectus dated May 1, 1997
for
STATE STREET RESEARCH GROWTH FUND
a series of State Street Research Growth Trust
Share Class Designations
The Fund has redesignated its share classes to be more consistent with
developing mutual fund industry practice. The changes do not affect sales
charges or any other share class features. Throughout this Prospectus:
Former Redesignated
Class Class
----- -----
Class C is now Class S
Class D is now Class C
The designations for Class A and Class B are unchanged.
Class S Shares
The sub-caption "Class C Shares -- Institutional; No Sales Charge" is revised
to read "Class S Shares -- Special Programs; No Sales Charge" and the second
paragraph under the caption is revised in its entirety to read as follows:
"In general, Class S shares are available for new investments by certain
large institutions, advisory accounts of the Investment Manager, and employee
benefit plans which acquire shares through programs or products sponsored by
Metropolitan Life Insurance Company ("Metropolitan") and/or its affiliates,
for which Class S shares have been designated. In addition, Class S shares
are available through special programs under which, for example, investors
pay an asset-based fee and/or a transaction fee to intermediaries. Class S
share availability is determined by the Distributor and intermediaries based
on overall direct and indirect costs of a particular program, expected
assets, account sizes and similar considerations. Information on the
availability of Class S shares and further conditions and limitations is
available from the Distributor."
Throughout this Prospectus, references to Class C shares (now redesignated as
Class S) should be read to give effect to the above revisions regarding the
availability of such shares.
Management of the Fund
Under the above caption at page 24 of the Prospectus, the sixth paragraph is
revised in its entirety as follows:
"The Fund is managed by Kennard Woodworth, Jr. Mr. Woodworth
has managed the Fund since August 1997, and previously from
January 1993 through January 1995. Mr. Woodworth's principal
occupation currently is, and during the past five years has been,
Senior Vice President of the Investment Manager, State Street
Research & Management Company."
