Supplement No. 1 dated October 15, 1998
to
Prospectus dated November 1, 1997
for
STATE STREET RESEARCH EQUITY INVESTMENT FUND
a series of State Street Research Equity Trust
Management of the Fund
Under the above caption at page 25 of the Prospectus, the seventh paragraph
is revised in its entirety as follows:
"The Fund is managed by Peter A. Zuger. Mr. Zuger has managed the Fund since
October 1998. Mr. Zuger's principal occupation currently is Senior Vice
President of State Street Research & Management Company. During the past five
years he has also served as a Vice President and portfolio manager at American
Century Investment Management Company."
