Supplement No. 1 dated November 15, 1996
to
Prospectus dated March 1, 1996 for:
STATE STREET RESEARCH GOVERNMENT INCOME FUND
a series of State Street Research Financial Trust
and
Prospectus dated May 1, 1996 for:
STATE STREET RESEARCH TAX-EXEMPT FUND
STATE STREET RESEARCH NEW YORK TAX-FREE FUND
series of State Street Research Tax-Exempt Trust
Purchase of Shares --
Class A Shares -- Initial Sales Charges --
Sales Charges
The second paragraph under the above caption is hereby revised in its
entirety as follows:
"On any sale of Class A shares to a single investor in the amount of
$1,000,000 or more, the Distributor may pay the authorized securities dealer a
commission based on the aggregate of such sales as follows:
Amount of Sale Commission
- -------------- ----------
(a) $1 million to $3 million 1.00%
(b) Next $2 million 0.50%
(c) Amount over $5 million 0.25%"
<PAGE>
Supplement No. 2 dated November 15, 1996
(Supplanting Supplement No. 1 dated March 1, 1996)
to
Prospectus dated March 1, 1996 for:
STATE STREET RESEARCH STRATEGIC PORTFOLIOS: CONSERVATIVE
STATE STREET RESEARCH STRATEGIC PORTFOLIOS: MODERATE
STATE STREET RESEARCH STRATEGIC PORTFOLIOS: AGGRESSIVE
series of State Street Research Financial Trust
and
Supplement No. 2 dated November 15, 1996
(Supplanting Supplement No. 1 dated September 1, 1996)
to
Prospectus dated September 1, 1996 for:
STATE STREET RESEARCH INTERMEDIATE BOND FUND
a series of State Street Research Securities Trust
Share Classes Available
Shares of the Funds are available as set forth below:
Class A for Strategic Portfolios: Conservative, Strategic Portfolios:
Aggressive and Intermediate Bond Fund: Prior approval must be obtained from the
Distributor before Class A shares are offered to anyone. Subject to such advance
approval, Class A shares are only currently available in certain designated
states for investments of $1,000,000 or more. Class A shares are not currently
available for acquisition through exchanges from another fund. Contact the
Distributor for details.
Class A for Strategic Portfolios: Moderate: Class A shares are not
currently offered.
Class B: Class B shares of all four Funds are not currently offered.
Class C: CLASS C SHARES OF ALL FOUR FUNDS ARE CURRENTLY OFFERED AND
AVAILABLE FOR INVESTMENT BY CERTAIN EMPLOYEE BENEFIT PLANS AND LARGE
INSTITUTIONS.
Class D: Class D shares of all four Funds are not currently offered.
Purchase of Shares --
Class A Shares -- Initial Sales Charges --
Sales Charges
The second paragraph under the above caption is hereby revised in its
entirety as follows:
"On any sale of Class A shares to a single investor in the amount of
$1,000,000 or more, the Distributor may pay the authorized securities dealer a
commission based on the aggregate of such sales as follows:
Amount of Sale Commission
- -------------- ----------
(a) $1 million to $3 million 1.00%
(b) Next $2 million 0.50%
(c) Amount over $5 million 0.25%"
