STATE STREET RESEARCH EXCHANGE TRUST
NSAR-B, 1998-02-27
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<PAGE>      PAGE  1
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020 A000003 BT ALEX BROWN & SONS, INC.
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020 A000004 GOLDMAN SACHS & CO.
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020 A000005 OPPENHEIMER & CO. INC.
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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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</TABLE>


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