Supplement No. 3 dated September 15, 2000
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to Prospectus dated November 1, 1999
for State Street Research Alpha Fund
a series of State Street Research Equity Trust
Investment Management
Under the above caption on page 8 of the Prospectus, the third paragraph is
revised in its entirety to read as follows:
Peter A. Zuger has been responsible for the fund's day-to-day portfolio
management since September 2000. A senior vice president, he joined the firm in
1998 and has worked as an investment professional since 1976. During the past
five years, he has also served as a portfolio manager with American Century
Investment Management.
AL-2493-0900
[STATE STREET RESEARCH LOGO] Control Number: (exp0301)SSR-LD
