Supplement No. 1 dated September 11, 1997
to
Prospectus dated February 1, 1997
for
STATE STREET RESEARCH CAPITAL FUND
a series of State Street Research Capital Trust
Management of the Fund
Under the above caption at page 25 of the Prospectus, the sixth
paragraph is revised in its entirety as follows:
"The Fund is managed by Peter C. Bennett. Mr. Bennett has managed the
Fund since August 1997. Mr. Bennett's principal occupation currently is
Executive Vice President and Director of the Investment Manager, State
Street Research & Management Company. Mr. Bennett also serves as Chief
Investment Officer-Equities and is a member of the Management Committee
of the Investment Manager. During the past five years he has also
served as Senior Vice President of the Investment Manager."
CONTROL NUMBER: 4304-970910(0298)SSR-LD CF-766E-997
<PAGE>
Supplement No. 1 dated September 11, 1997
to
Prospectus dated February 1, 1997
for
STATE STREET RESEARCH EMERGING GROWTH FUND
a series of State Street Research Capital Trust
Management of the Fund
Under the above caption at page 23 of the Prospectus, the sixth
paragraph is revised in its entirety as follows:
"The Fund is managed by Jesus A. Cabrera. Mr. Cabrera has managed the
Fund since August 1997, and previously from August 1996 through November
1996. His principal occupation currently is Vice President of the
Investment Manager, State Street Research & Management Company. During
the past five years he has also served as Vice President and co-portfolio
manager at First Chicago Investment Management Company and as an
analyst at Kemper Financial Services and First Bank of Chicago."
CONTROL NUMBER: 4303-970910(0298)SSR-LD SCG-767E-997
