[Front cover]
[State Street Research logo]
State Street Research Money Market Fund
Semiannual Report
[graphic of fisherman by stream]
September 30, 1995
Whats Inside
Investment Update About the Fund, economy
and markets
Fund Information
Facts and figures Plus, Complete Portfolio Holdings
and Financial Statements
<PAGE>
STATE STREET RESEARCH MONEY MARKET FUND
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INVESTMENT UPDATE
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INVESTMENT ENVIRONMENT
The Economy
(bullet) Economic growth has been moderate, and inflation remains low.
(bullet) Strong consumer confidence helped boost spending, resulting in higher
consumer debt levels. Job growth continues to fluctuate, and
unemployment has stayed relatively low.
(bullet) The Federal Reserve cut interest rates by one-quarter point on July
6, 1995. As of September 30, 1995, there had been no further action
taken by the Fed.
The Markets
(bullet) Stock and bond markets showed strong performance, albeit with
occasional declines, from April 1 to September 30, 1995.
(bullet) 1995 continues to be the best year for stocks since 1991. The S&P 500
was up +18.23% for the six-month period ended September 30, 1995.(1)
(bullet) Bonds also performed well. The Lehman Brothers Aggregate Bond Index
gained +8.18% from April 1 to September 30, 1995.(1)
THE FUND
Over the past six months
(bullet) Money market yields have decreased slightly over the past six months.
For Class E shares of the Fund, the yield moved from 5.40% to 5.04%.
(bullet) The Fund maintained its stable net asset value of $1.00 per share.
Current strategy (bullet) The Fund's portfolio consists entirely of
high-quality, "first-tier" commercial paper issued by large
corporations.
(bullet) The weighted average maturity of the Fund as of September 30, 1995
was 40 days.
1 The Standard & Poor's 500 Composite Index (S&P 500) includes 500 widely
traded common stocks and is a commonly used measure of U.S. stock market
performance. The Lehman Brothers Aggregate Bond Index is a commonly used
measure of bond market performance. The indices are unmanaged and do not take
sales charges into consideration. Direct investment in the indices is not
possible; results are for illustrative purposes only.
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FUND INFORMATION (all data are for periods ended September 30, 1995)
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
7-Day Yield
===============================================================================
<S> <C>
Class B 4.04%
- -------------------------------------------------------------------------------
Class C 5.04%
- -------------------------------------------------------------------------------
Class D 4.04%
- -------------------------------------------------------------------------------
Class E 5.04%
===============================================================================
</TABLE>
Yield is calculated by annualizing the Fund's per
share distributions for the most recent seven days
and dividing by the net asset value per share at the
end of the period. Yields shown reflect voluntary
reduction of fund fees and expenses. Without a
reduction of Fund fees and expenses, the 7-day yield would have been 3.73%
for Class B shares, 4.73%
for Class C shares, 3.73% for Class D shares, and
4.73% for Class E shares.
(LINE CHART)
Month-End 7-Day Yields
State Street Research Money Market Fund
Class E Shares
9/94 4.1
10/94 4.24
11/94 4.66
12/94 5.19
1/95 5.19
2/95 5.34
3/95 5.4
4/95 5.4
5/95 5.37
6/95 5.31
7/95 5.16
8/95 5.08
9/95 5.04
Yields shown reflect voluntary reduction of fund fees and expenses.
<PAGE>
STATE STREET RESEARCH MONEY MARKET FUND
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INVESTMENT PORTFOLIO
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September 30, 1995 (Unaudited)
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
Principal Maturity Value
Amount Date (Note 1)
- -------------------------------------------------------------------------------
<S> <C> <C> <C>
COMMERCIAL PAPER 100.6%
Bank Holding Company 15.1%
Canadian Imperial Holdings
Inc., 5.72% $8,000,000 11/14/1995 $ 7,944,071
J.P. Morgan & Co., 5.67% 6,000,000 12/22/1995 5,922,510
J.P. Morgan & Co., 5.62% 5,000,000 12/22/1995 4,935,994
State Street Boston Corp.,
5.55% 5,000,000 12/21/1995 4,937,563
Toronto Dominion Holdings
(U.S.A.), Inc., 5.67% 3,000,000 11/21/1995 2,975,903
Toronto Dominion Holdings
(U.S.A.), 5.62% 7,000,000 12/19/1995 6,913,671
------------
33,629,712
------------
Canadian 10.9%
Canadian Wheat Board, 5.65% 5,340,000 10/04/1995 5,337,486
Canadian Wheat Board, 5.68% 4,175,000 10/26/1995 4,158,532
Province of British Columbia,
5.72% 3,900,000 12/18/1995 3,851,666
Province of Quebec, 5.76% 4,000,000 10/04/1995 3,998,080
Province of Quebec, 5.71% 7,000,000 12/01/1995 6,933,103
------------
24,278,867
------------
Captive Automobile Finance 5.4%
Ford Motor Credit Co., 5.67% 3,298,000 12/04/1995 3,265,167
General Motors Acceptance
Corp., 5.69% 9,000,000 12/26/1995 8,877,665
------------
12,142,832
------------
Captive Finance 7.6%
Pitney Bowes Credit Corp.,
5.70% 4,000,000 10/23/1995 3,986,067
Pitney Bowes Credit Corp.,
5.63% 6,000,000 11/27/1995 5,946,515
Sears Roebuck Acceptance Corp.,
5.67% 7,000,000 10/16/1995 6,983,463
------------
16,916,045
------------
Communications 3.1%
Southwestern Bell Telephone
Co., 5.60% 7,000,000 12/07/1995 6,927,044
------------
Consumer Finance 15.0%
American Express Credit Corp.,
5.60% 7,000,000 10/03/1995 6,997,822
American General Finance Corp.,
5.65% 8,000,000 11/02/1995 7,959,822
Beneficial Corp., 5.68% 7,000,000 11/17/1995 6,948,091
Beneficial Corp., 5.68% 4,000,000 12/21/1995 3,948,880
Household Finance Corp., 5.73% 7,600,000 10/13/1995 7,585,484
------------
33,440,099
------------
Diversified Finance 13.8%
CIT Group Holdings, Inc.,
5.60% $9,000,000 10/06/1995 $ 8,993,000
General Electric Capital Corp.,
5.70% 5,849,000 10/20/1995 5,831,404
General Electric Capital Corp.,
5.60% 5,000,000 12/14/1995 4,942,444
Transamerica Finance Group,
Inc., 5.60% 7,000,000 10/12/1995 6,988,022
Transamerica Finance Group,
Inc., 5.68% 4,000,000 11/13/1995 3,972,862
------------
30,727,732
------------
Electric 3.6%
Southern California Edison Co.,
5.67% 8,000,000 11/01/1995 7,960,940
------------
Food & Beverage Products 8.1%
Coca-Cola Co., 5.70% 8,000,000 11/09/1995 7,951,293
Philip Morris Companies, Inc.,
6.50% 2,223,000 10/02/1995 2,222,599
Philip Morris Companies, Inc.,
5.67% 8,000,000 10/02/1995 7,998,740
------------
18,172,632
------------
Grains 3.1%
Cargill, Inc., 5.60% 7,000,000 10/11/1995 6,989,111
------------
Office Equipment 2.1%
Hewlett-Packard Co., 5.62% 4,700,000 11/07/1995 4,672,852
------------
Oil & Gas 4.0%
Michigan Consolidated Gas Co.,
5.68% 3,000,000 12/14/1995 2,965,467
Shell Oil Co., 5.59% 6,000,000 12/11/1995 5,933,733
------------
8,899,200
------------
Printing & Publishing 4.4%
McGraw-Hill, Inc., 5.68% 6,000,000 10/19/1995 5,983,200
McGraw-Hill, Inc., 5.65% 4,000,000 12/04/1995 3,959,822
------------
9,943,022
------------
Retail 4.4%
Toys 'R Us, Inc., 5.73% 6,600,000 11/13/1995 6,554,829
Wal-Mart Stores, Inc., 5.70% 3,292,000 10/13/1995 3,285,745
------------
9,840,574
------------
Total Investments (Cost $224,540,662)-100.6% 224,540,662
Cash and Other Assets, Less Liabilities--(0.6)% (1,441,768)
------------
Net Assets--100.0% $223,098,894
============
</TABLE>
The accompanying notes are an integral part of the financial statements.
2
<PAGE>
STATE STREET RESEARCH MONEY MARKET FUND
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STATEMENT OF ASSETS AND LIABILITIES
- -------------------------------------------------------------------------------
September 30, 1995 (Unaudited)
Statement of Operations
For the six months ended September 30, 1995 (Unaudited)
<TABLE>
<CAPTION>
<S> <C>
Assets
Investments, at value (Cost $224,540,662) (Note 1) $ 224,540,662
Cash 61,123
Receivable for fund shares sold 95,265
Receivable from Distributor (Note 3) 57,814
Other assets 58,238
-------------
224,813,102
Liabilities
Payable for fund shares redeemed 1,042,269
Accrued transfer agent and shareholder services
(Note 2) 250,430
Dividends payable 204,112
Accrued management fee (Note 2) 91,552
Accrued distribution fee (Note 5) 10,711
Accrued trustees' fees (Note 2) 8,935
Other accrued expenses 106,199
-------------
1,714,208
-------------
Net Assets $ 223,098,894
=============
Net Assets consist of:
Shares of beneficial interest $ 223,098,894
=============
Net Asset Value and offering price per share of
Class B shares ($11,946,317 / 11,946,317 shares
of beneficial interest)* $1.00
=============
Net Asset Value, offering price and redemption
price per share of Class C shares ($17,661,562 /
17,661,562 shares of beneficial interest) $1.00
=============
Net Asset Value and offering price per share of
Class D shares ($698,698 / 698,698 shares of
beneficial interest)* $1.00
=============
Net Asset Value, offering price and redemption
price per share of Class E shares ($192,792,317 /
192,792,317 shares of beneficial interest) $1.00
=============
</TABLE>
- -------------------------------------------------------------------------------
* Redemption price per share for Class B and Class D is equal to net asset
value less any applicable contingent deferred sales charge.
- -------------------------------------------------------------------------------
STATEMENT OF OPERATIONS
- -------------------------------------------------------------------------------
For the six months ended September 30, 1995 (Unaudited)
<TABLE>
<CAPTION>
<S> <C>
Investment Income
Interest $6,023,266
Expenses
Management fee (Note 2) 504,359
Transfer agent and shareholder services (Note 2) 447,435
Custodian fee 55,449
Registration fees 32,208
Reports to shareholders 18,056
Trustees' fees (Note 2) 14,274
Audit fee 12,444
Distribution fee--Class B (Note 5) 55,068
Distribution fee--Class D (Note 5) 3,944
Miscellaneous 1,622
----------
1,144,859
Expenses borne by the Distributor (Note 3) (329,309)
----------
815,550
----------
Net investment income and net increase in net
assets resulting from operations $5,207,716
==========
</TABLE>
The accompanying notes are an integral part of the financial statements.
3
<PAGE>
STATE STREET RESEARCH MONEY MARKET FUND
- -------------------------------------------------------------------------------
Statement of Changes in Net Assets
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Six months
ended
September 30, Year ended
1995 March 31,
(Unaudited) 1995
- ---------------------------------------------------------------
<S> <C> <C>
Increase (Decrease) in Net Assets
Operations:
Net investment income and
net increase resulting
from operations $ 5,207,716 $ 7,152,656
------------ ------------
Dividends from net investment
income:
Class B (232,189) (217,870)
Class C (325,388) (256,892)
Class D (16,658) (42,149)
Class E (4,633,481) (6,635,745)
------------ ------------
(5,207,716) (7,152,656)
------------ ------------
Net increase from fund share
transactions (Note 6) 54,557,314 25,424,190
------------ ------------
Total increase in net assets 54,557,314 25,424,190
Net Assets
Beginning of period 168,541,580 143,117,390
------------ ------------
End of period $223,098,894 $168,541,580
============ ============
</TABLE>
- -------------------------------------------------------------------------------
Notes to Unaudited Financial Statements
- -------------------------------------------------------------------------------
September 30, 1995
Note 1
State Street Research Money Market Fund, formerly MetLife-State Street
Research Money Market Fund (the "Fund") is a series of State Street Research
Money Market Trust, formerly MetLife-State Street Money Market Trust (the
"Trust"), which was organized as a Massachusetts business trust in April,
1985 and is registered under the Investment Company Act of 1940, as amended,
as an open-end management investment company. The Fund commenced operations
in August, 1986. The Fund is presently the only active series of the Trust,
although the Trustees have the authority to create an unlimited number of
series.
The Fund offers four classes of shares. Effective November 30, 1993, the Fund
discontinued offering Class A shares and any existing Class A shares were
redesignated Class E shares. Class A shares were subject to an initial sales
charge of up to 4.50% and annual service fees of 0.25% of average daily net
assets. Class B shares are subject to a contingent deferred sales charge on
certain redemptions made within five years of purchase and pay annual
distribution and service fees of 1.00%. Class B shares automatically convert
into Class E shares (which pay lower ongoing expenses) at the end of eight
years after the issuance of the Class B shares. Class C shares are only
offered to certain employee benefit plans and large institutions. No sales
charge is imposed at the time of purchase or redemption of Class C shares.
Class C shares do not pay any distribution or service fees. Class D shares
are subject to a contingent deferred sales charge of 1.00% on any shares
redeemed within one year of their purchase. Class D shares also pay annual
distribution and service fees of 1.00%. Class E shares are offered to any
individual. Class E shares are not subject to any initial or contingent
deferred sales charges and do not pay any distribution or service fees. The
Fund's expenses are borne pro rata by each class, except that each class
bears expenses, and has exclusive voting rights with respect to provisions of
the Plan of Distribution, related specifically to that class. The Trustees
declare separate dividends on each class of shares.
The following significant accounting policies are consistently followed by
the Fund in preparing its financial statements, and such policies are in
conformity with generally accepted accounting principles for investment
companies.
A. Investment Valuation
The Fund values securities at amortized cost, pursuant to which the Fund must
adhere to certain conditions. The amortized cost method involves valuing a
portfolio security initially at its cost and thereafter assuming a constant
amortization to maturity of any discount or premium regardless of the effect
of fluctuating interest rates on the market value of the investments.
B. Security Transactions
Security transactions are accounted for on the trade date (date the order to
buy or sell is executed). Realized gains or losses, if any, are reported on
the basis of identified cost of securities delivered.
The accompanying notes are an integral part of the financial statements.
4
<PAGE>
STATE STREET RESEARCH MONEY MARKET FUND
- -------------------------------------------------------------------------------
Notes (cont'd)
- -------------------------------------------------------------------------------
C. Net Investment Income
Net investment income is determined daily and consists of interest accrued
and discount earned, less amortization of premium and the estimated daily
expenses of the Fund. Interest income is accrued daily as earned.
D. Dividends
Dividends from net investment income are declared daily and paid or
reinvested monthly. Net realized capital gains, if any, are distributed
annually, unless additional distributions are required for compliance with
applicable tax regulations.
E. Federal Income Taxes
No provision for Federal income taxes is necessary because the Fund has
elected to qualify under Subchapter M of the Internal Revenue Code and its
policy is to distribute all of its taxable income, including net realized
capital gains, within the prescribed time periods.
Note 2
The Trust and State Street Research & Management Company (the "Adviser"), an
indirect wholly owned subsidiary of Metropolitan Life Insurance Company
("Metropolitan"), have entered into an agreement under which the Adviser
earns monthly fees at an annual rate of 0.50% of the Fund's average daily net
assets. In consideration of these fees, the Adviser furnishes the Fund with
management, investment advisory, statistical and research facilities and
services. The Adviser also pays all salaries, rent and certain other expenses
of management. During the six months ended September 30, 1995, the fees
pursuant to such agreement amounted to $504,359.
State Street Research Shareholder Services, a division of State Street
Research Investment Services, Inc., the Trust's principal underwriter (the
"Distributor"), an indirect wholly owned subsidiary of Metropolitan, provides
certain shareholder services to the Fund such as responding to inquiries and
instructions from investors with respect to the purchase and redemption of
shares of the Fund. During the six months ended September 30, 1995, the
amount of such expenses was $109,657.
The fees of the Trustees not currently affiliated with the Adviser amounted
to $14,274 during the six months ended September 30, 1995.
Note 3
The Distributor and its affiliates may from time to time and in varying
amounts voluntarily assume some portion of fees or expenses relating to the
Fund. During the six months ended September 30, 1995, the amount of such
expenses assumed by the Distributor and its affiliates was $329,309.
Note 4
For the six months ended September 30, 1995, purchases and sales, including
maturities, of securities aggregated $1,510,349,453 and $1,461,150,000,
respectively.
Note 5
The Trust has adopted a Plan of Distribution Pursuant to Rule 12b-1 (the
"Plan") under the Investment Company Act of 1940. Under the Plan, the Fund
pays annual distribution and service fees to the Distributor at a rate of
0.75% and 0.25%, respectively, of average daily net assets for Class B and
Class D shares. The Distributor uses such payments for personal services
and/or the maintenance of shareholder accounts, to reimburse securities
dealers for distribution and marketing services, to furnish ongoing
assistance to investors and to defray a portion of its distribution and
marketing expenses. For the six months ended September 30, 1995, fees
pursuant to such plan amounted to $55,068 and $3,944 for Class B and Class D
shares, respectively.
The Fund has been informed that MetLife Securities, Inc., a wholly- owned
subsidiary of Metropolitan, earned commissions aggregating $2,074 on sales of
the Fund's Class B shares and that the Distributor collected contingent
deferred sales charges of $75,700 on redemptions of Class B shares during the
six months ended September 30, 1995.
5
<PAGE>
STATE STREET RESEARCH MONEY MARKET FUND
Note 6
The Trustees have the authority to issue an unlimited number of shares of
beneficial interest, $.001 par value per share.
At September 30, 1995, Metropolitan owned 478,979 Class B shares, 1,072,769
Class C shares and 478,479 Class D shares and Metropolitan and certain of its
affiliates held of record 79,542,391 Class E shares of the Fund. The Adviser
owned 21,481 Class E shares and the Distributor owned 500,000 Class E shares
of the Fund.
Share transactions were as follows:
<TABLE>
<CAPTION>
Six months ended
September 30, 1995 Year ended
(Unaudited) March 31, 1995
---------------------------- -----------------------------
Class B Shares Amount Shares Amount
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Shares sold 14,565,986 $ 14,565,986 23,182,577 $ 23,182,577
Issued upon reinvestment of dividends 191,730 191,730 187,109 187,109
Shares repurchased (12,133,660) (12,133,660) (17,075,600) (17,075,600)
------------ ------------- ------------ -------------
Net increase 2,624,056 $ 2,624,056 6,294,086 $ 6,294,086
============ ============= ============ =============
<CAPTION>
Class C Shares Amount Shares Amount
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Shares sold 13,136,166 $ 13,136,166 29,413,278 $ 29,413,278
Issued upon reinvestment of dividends 294,337 294,337 136,567 136,567
Shares repurchased (3,655,222) (3,655,222) (23,449,528) (23,449,528)
------------ ------------- ------------ -------------
Net increase 9,775,281 $ 9,775,281 6,100,317 $ 6,100,317
============ ============= ============ =============
<CAPTION>
Class D Shares Amount Shares Amount
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Shares sold 748,596 $ 748,596 4,119,869 $ 4,119,869
Issued upon reinvestment of dividends 11,323 11,323 35,281 35,281
Shares repurchased (902,991) (902,991) (3,487,480) (3,487,480)
------------ ------------- ------------ -------------
Net increase (decrease) (143,072) $ (143,072) 667,670 $ 667,670
============ ============= ============ =============
<CAPTION>
Class E Shares Amount Shares Amount
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Shares sold 445,249,183 $ 445,249,183 895,389,466 $ 895,389,466
Issued upon reinvestment of dividends 3,102,924 3,102,924 4,099,011 4,099,011
Shares repurchased (406,051,058) (406,051,058) (887,126,360) (887,126,360)
------------ ------------- ------------ -------------
Net increase 42,301,049 $ 42,301,049 12,362,117 $ 12,362,117
============ ============= ============ =============
</TABLE>
6
<PAGE>
STATE STREET RESEARCH MONEY MARKET FUND
- -------------------------------------------------------------------------------
Financial Highlights
- -------------------------------------------------------------------------------
For a share outstanding throughout each period:
<TABLE>
<CAPTION>
Class B Class C Class D
-------------------------- --------------------------------- ------------------------------
Six months Six months Six months
ended Year ended Year ended Year
September 30 ended September 30, ended September 30, ended
1995 March 31, 1995 March 31, 1995 March 31,
(Unaudited) 1995 1994** (Unaudited) 1995 1994** (Unaudited) 1995 1994**
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Net asset value, beginning of
period $1.000 $1.000 $1.000 $1.000 $1.000 $1.000 $1.000 $1.000 $1.000
Net investment income* .021 .032 .012 .026 .042 .021 .021 .032 .013
Dividends from net investment
income (.021) (.032) (.012) (.026) (.042) (.021) (.021) (.032) (.013)
------ ------ ------ ------ ------ ------ ------ ------ ------
Net asset value, end of period $1.000 $1.000 $1.000 $1.000 $1.000 $1.000 $1.000 $1.000 $1.000
====== ====== ====== ====== ====== ====== ====== ====== ======
Total return 2.15%++ 3.27%+ 1.27%++ 2.65%++ 4.31%+ 2.08%++ 2.15%++ 3.28%+ 1.30%++
Net assets at end of period (000s) $11,946 $9,322 $3,028 $17,662 $7,886 $1,786 $699 $842 $174
Ratio of operating expenses to
average net assets* 1.75%# 1.75% 1.75%# 0.75%# 0.75% 0.75%# 1.75%# 1.75% 1.75%#
Ratio of net investment income to
average net assets* 4.22%# 3.53% 1.54%# 5.19%# 4.66% 2.54%# 4.22%# 3.30% 1.54%#
*Reflects voluntary assumption of
fees or expenses per share in
each period (Note 3). $ .002 $ .004 $ .007 $ .002 $ .003 $ .006 $ .002 $ .005 $ .002
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
Class E
-------------------------------------------------------------------------
Six months
ended
September 30, Year ended March 31
1995 -------------------------------------------------------
(Unaudited) 1995 1994*** 1993 1992 1991
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Net asset value, beginning of periood $1.000 $1.000 $1.000 $1.000 $1.000 $1.000
Net investment income* .026 .042 .025 .028 .048 .072
Dividends from net investment income (.026) (.042) (.025) (.028) (.048) (.072)
------ ------ ------ ------ ------ ------
Net asset value, end of period $1.000 $1.000 $1.000 $1.000 $1.000 $1.000
====== ====== ====== ====== ====== ======
Total return 2.65%++ 4.31%+ 2.48%+ 2.88%+ 4.85%+ 7.47%+
Net assets at end of period (000s) $192,792 $150,491 $138,129 $149,831 $168,088 $185,839
Ratio of operating expenses to average net assets* 0.75%# 0.75% 0.75% 0.75% 0.75% 0.75%
Ratio of net investment income to average net
assets* 5.22%# 4.26% 2.46% 2.84% 4.77% 7.21%
*Reflects voluntary assumption of fees or expenses
per share in each period (Note 3). $.002 $.006 $.003 $.001 $.001 $.002
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
** June 1, 1993 (commencement of share class designations) to March 31, 1994.
# Annualized.
+ Total return figures do not reflect any front-end or contingent deferred
sales charges. Total return would be lower if the Distributor and its
affiliates had not voluntarily assumed a portion of the Fund's expenses.
++ Represents aggregate return for the period without annualization and does
not reflect any front-end or contingent deferred sales charges. Total
return would be lower if the Distributor and its affiliates had not
voluntarily assumed a portion of the Fund's expenses.
***Effective November 30, 1993, the Fund discontinued offering Class A shares
and any existing Class A shares were redesignated Class E shares. Net
investment income and dividends amounted to $.011 per share for Class A
shares during the period June 1, 1993 (commencement of share class
designations) to November 30, 1993.
7
<PAGE>
STATE STREET RESEARCH MONEY MARKET FUND
- -------------------------------------------------------------------------------
FUND INFORMATION, OFFICERS AND TRUSTEES OF STATE STREET RESEARCH MONEY MARKET
TRUST
- -------------------------------------------------------------------------------
FUND INFORMATION
Investment Adviser
State Street Research &
Management Company
One Financial Center
Boston, MA 02111
Distributor
State Street Research
Investment Services, Inc.
One Financial Center
Boston, MA 02111
Shareholder Services
State Street Research
Shareholder Services
P.O. Box 8408
Boston, MA 02266-8408
1-800-562-0032
Custodian
State Street Bank and
Trust Company
225 Franklin Street
Boston, MA 02110
Legal Counsel
Goodwin, Procter & Hoar
Exchange Place
Boston, MA 02109
Officers
Ralph F. Verni
Chairman of the Board,
President and
Chief Executive Officer
JoAnne C. Mulligan
Vice President
Thomas A. Shively
Vice President
Gerard P. Maus
Treasurer
Joseph W. Canavan
Assistant Treasurer
Douglas A. Romich
Assistant Treasurer
Francis J. McNamara, III
Secretary and General Counsel
Darman A. Wing
Assistant Secretary and
Assistant General Counsel
Amy L. Simmons
Assistant Secretary
Trustees
Ralph F. Verni
Chairman of the Board,
President, Chief Executive
Officer and Director,
State Street Research &
Management Company
Edward M. Lamont
Formerly in banking (Morgan
Guaranty Trust Company of
New York); presently engaged
in private investments and
civic affairs
Robert A. Lawrence
Partner, Saltonstall & Co.
Dean O. Morton
Retired; formerly Executive
Vice President, Chief
Operating Officer and Director,
Hewlett-Packard Company
Thomas L. Phillips
Retired; formerly Chairman of
the Board and Chief Executive
Officer, Raytheon Company
Toby Rosenblatt
President,
The Glen Ellen Company
Vice President,
Founders Investments Ltd.
Michael S. Scott Morton
Jay W. Forrester Professor of
Management, Sloan School of
Management, Massachusetts
Institute of Technology
Jeptha H. Wade
Retired; formerly Of Counsel,
Choate, Hall & Stewart
8
<PAGE>
[Back cover]
State Street Research Money Market Fund
One Financial Center
Boston, MA 02111
Bulk Rate
U.S.Postage
PAID
Brockton, MA
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Illustration by Dorothy Cullinan MM-270D-1195
