STATE STREET RESEARCH EQUITY TRUST
497, 1999-04-23
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[letterhead of
State Street Research & Management Company
One Financial Center
Boston, Massachusetts 02111]

VIA EDGAR

April 23, 1999

Securities and Exchange Commission
Filing Desk
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549

Re:      State Street Research Equity Trust
         Securities Act of 1933 Registration No. 33-4296
         Investment Company Act of 1940 File No. 811-4624
         CIK 0000790941

Ladies and Gentlemen:

On behalf of State Street Research Equity Trust (the "Registrant") and pursuant
to Rule 497(e) under the Securities Act of 1933, as amended (the "Securities
Act") and the Investment Company Act of 1940, as amended (the "1940 Act"), as
the same have been modified by Regulation S-T, we hereby file a statement to
note for the record that prospectuses are in use which are foreign language
translations of the English language prospectuses dated November 1, 1998, as
supplemented January 1, 1999. The prospectuses were filed electronically on
November 5, 1998 (EDGAR accession number 0000950146-98-001858) and the
supplements were filed electronically on December 31, 1998 (EDGAR accession
number 0000950146-98-002181):

Fund                       Language
- ----                       --------
State Street Research      Chinese
  Alpha Fund

State Street Research      Spanish
  Athletes Fund

Pursuant to Rule 306 of Regulation S-T, the Registrant represents that the
English language State Street Research Alpha Fund and State Street Research
Athletes Fund prospectuses referenced above are fair and accurate translations
of the Chinese and Spanish versions, respectively, now in use.

<PAGE>

If you have any questions with respect to the enclosed or if there is any way in
which we may be of assistance, please do not hesitate to telephone the
undersigned at (617) 357-1371.

STATE STREET RESEARCH
EQUITY TRUST


By:      /s/ Amy L. Simmons
         -------------------------
         Amy L. Simmons
         Assistant Secretary


cc:      John Hunt, Esq.
         Geoffrey R.T. Kenyon, Esq.
         Evelyn M. Talmo
           Goodwin, Procter & Hoar LLP
         Darman A. Wing, Esq.
           State Street Research & Management Company


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