[LOGO] State Street Research
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Supplement No. 1 Prospectus
dated May 1, 2000 to dated For
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March 1, 2000 State Street Research Government Income Fund
State Street Research Strategic Income Plus Fund
State Street Research International Equity Fund
March 20, 2000 State Street Research Mid-Cap Growth Fund
Supplement No. 2
Dated May 1, 2000 December 12, 1999 State Street Research Health Sciences Fund
(supplanting Supplement No. 1
dated February 1, 2000) to
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February 1, 2000 State Street Research Emerging Growth Fund
State Street Research Aurora Fund
Supplement No. 2
Dated May 1, 2000
(supplanting Supplement No. 1
dated November 18, 1999) to
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July 1, 1999 State Street Research IntelliQuant Portfolios:
Small-Cap Value
July 15, 1999 State Street Research High Income Fund
September 1, 1999 State Street Research Galileo Fund
State Street Research Legacy Fund
State Street Research Strategic Income Fund
November 1, 1999 State Street Research Alpha Fund
State Street Research Argo Fund
State Street Research Global Resources Fund
State Street Research Athletes Fund
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Rule 12b-1 Plan for Class A Shares
The fund's Rule 12b-1 plan of distribution has been amended to allow the fund to
increase its Rule 12b-1 fees on Class A shares. These fees are used to pay for
service, distribution and marketing expenses related to Class A shares of the
fund. The fee, formerly 25 basis points (0.25% or .0025), has been increased to
30 basis points (0.30% or .0030) of the net assets attributable to Class A
shares. The fund's Trustees may increase the current fees for Class A shares at
any time, provided that the fees do not exceed a maximum of 40 basis points
(0.40% or .0040).
Accordingly, the table captioned "Annual Fund Operating Expenses" under the
heading "Investor Expenses" in the prospectus is hereby amended as follows for
Class A shares:
CLASS A
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Service/distribution (12b-1) fees 0.30%**
**The Trustees may increase the current fee shown for Class A shares at any
time, provided that the fees do not exceed a maximum of 0.40%.
Also, the figure shown in the table as "Total annual fund operating expenses"
for Class A shares should be increased by 5 basis points (0.05%). This increased
level of operating expenses should be taken into consideration when using the
Example at the bottom of the table to compare the costs of the fund with other
funds.
In addition, the third bullet point under the caption "Class A -- Front Load"
under the heading "Your Investment" in the prospectus is hereby amended as
follows:
* Lower annual expenses than Class B(1) or Class C shares because of lower
service/distribution (12b-1) fee of up to 0.40%
SSR-1457-0400
Control Number:(exp0301)SSR-LD
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Supplement No. 1 dated May 1, 2000
to
Statement of Additional Information dated
July 15, 1999
for
State Street Research High Income Fund
A Series of State Street Research Income Trust
The changes described below apply only to State Street Research High Income
Fund.
Appendix C -- Distribution of Shares of the Fund
The fifth paragraph under the caption "Distribution of Shares of the Fund"
in Appendix C at page C-2 of the Statement of Additional Information ("SAI") is
hereby revised in its entirety as follows:
"Under the General Distribution Plan, the High Income Fund provides
the Distributor with a service fee at an annual rate of 0.25% on the
average daily net assets of Class A, Class B and Class C shares. The High
Income Fund also provides a distribution fee at an annual rate of (i) up to
0.15% on the average daily net assets of Class A shares, and (ii) 0.75% on
the average daily net assets of Class B and Class C shares. The service and
distribution fees are used to cover personal services and/or the
maintenance of shareholder accounts provided by the Distributor, brokers,
dealers, financial professionals or others, and sales, promotional and
marketing activities relating to the respective classes."
Purchase and Redemption of Shares
The table under the caption "Purchase and Redemption of Shares" at page
II-24 of the SAI is revised, in part, as follows with respect to Class A shares:
Class A
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Rule 12b-1 Distribution
Fee
Paid by Fund to Up to 0.15%
Distributor each year
Paid by Distributor Up to 0.15%
to Financial each year
Professional
CONTROL NUMBER: (exp0800)SSR-LD SSR-________________
