Supplement No. 3 dated May 25, 2000
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to Prospectus dated February 1, 2000
for State Street Research Emerging Growth Fund
a series of State Street Research Capital Trust
Investment Management
Under the above caption on page 8 of the Prospectus, the third paragraph is
revised in its entirety to read as follows:
Tucker Walsh has been solely responsible for the fund's day-to-day
portfolio management since May 2000. Previously he served as the fund's
co-portfolio manager beginning in October 1999. Mr. Walsh is a vice
president who joined the firm in 1997. During the past five years he has
also served as an equity analyst at Chilton Investment Partners and Cowen
Asset Management. He has worked as an investment professional since 1991.
[STATE STREET RESEARCH logo] EM-1947-0500
Control Number: (exp0201)SSR-LD
