STATE STREET RESEARCH EXCHANGE TRUST
NSAR-B, 1997-02-28
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SIGNATURE   DOUGLAS A. ROMICH                            
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000766768
<NAME> STATE STREET RESEARCH EXCHANGE TRUST
<SERIES>
   <NUMBER> 01
   <NAME> STATE STREET RESEARCH EXCHANGE FUND
       
<S>                             <C>
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