Supplement No. 2 Dated September 21, 1999
to
Statement of Additional Information dated November 1, 1998
for
STATE STREET RESEARCH ALPHA FUND
A Series of
State Street Research Equity Trust
ADDITIONAL INVESTMENT POLICIES AND RESTRICTIONS
- -----------------------------------------------
The fifth numbered nonfundamental policy under the caption "Additional
Investment Policies and Restrictions" at page 4 of the Statement of Additional
Information, which reads as follows, is hereby deleted in its entirety:
"not to invest in companies for the purpose of exercising control
over their management, although the Trust may from time to time
present its views on various matters to the management of issuers
in which it holds investments."
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CONTROL NUMBER: (exp1199)SSR-LD AL-974F-0999
