Supplement No. 1 dated
September 25, 1995
to
Prospectus dated August 1, 1995
for
State Street Research High Income Fund
a series of State Street Research Income Trust
A new paragraph is added immediately following the first paragraph under
the caption "Class A Shares -- Initial Sales Charge; Sales Charges" on page 13
to read as follows:
"During the period October 1, 1995 through November 30, 1995, which period
may be extended for an additional 90 days thereafter if so determined in the
discretion of the Distributor, (the "Special Selling Period"), the entire sales
charge with respect to sales of Class A shares will be reallowed to the
securities dealers responsible for such sales. These securities dealers may be
deemed underwriters of the Fund's shares by reason of such dealer reallowance of
the entire sales charge."
The sales charge chart also on page 13 is revised in its entirety to read
as follows:
Special
Sales Sales Selling
Charge Charge Period
Paid by Paid by Dealer Dealer
Dollar Investor Investor Concession Concession
Amount of As % of As % of As % of As % of
Purchase Purchase Net Asset Purchase Purchase
Transaction Price Value Price Price
Less than
$100,000 4.50% 4.71% 4.00% 4.50%
$100,000 or
above but
less than
$250,000 3.50% 3.63% 3.00% 3.50%
$250,000 or
above but
less than
$500,000 2.50% 2.56% 2.00% 2.50%
$500,000 or
above but
less than
$1 million 2.00% 2.04% 1.75% 2.00%
See See
$1 million Following Following
and above 0% 0% Discussion Discussion
The following is added as the second sentence of the second paragraph under
the caption "Class B Shares -- Contingent Deferred Sales Charges; Contingent
Deferred Sales Charges" on page 15:
"During the Special Selling Period, the Distributor will pay securities
dealers responsible for such sales of Class B shares additional compensation of
0.50% on such sales."
CONTROL NUMBER: HI-294E-995
