STATE STREET RESEARCH FINANCIAL TRUST
497, 1999-10-22
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[letterhead of
State Street Research & Management Company
One Financial Center
Boston, Massachusetts 02111]

VIA EDGAR

October 22, 1999

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

Re:   State Street Research Financial Trust
      Securities Act of 1933 Registration No. 33-10327
      Investment Company Act of 1940 File No. 811-4911
      CIK 0000806390

Ladies and Gentlemen:

On behalf of State Street Research Financial 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 a prospectus is in use which is a Spanish
language translation of the English language State Street Research Government
Income Fund prospectus dated March 1, 1999, as supplemented May 1, 1999. The
prospectus was filed electronically on March 5, 1999 (EDGAR accession number
0000950146-99-000430) and the supplement was filed electronically on April 30,
1999 (EDGAR accession number 0000950146-99-000980).

Pursuant to Rule 306 of Regulation S-T, the Registrant represents that the
English language State Street Research Government Income Fund prospectus
referenced above is a fair and accurate translation of the Spanish version now
in use.

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
FINANCIAL 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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