[STATE STREET RESEARCH LOGO]
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<S> <C> <C>
Supplement No. 1 Prospectus For
dated December 20, 1999 to dated
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December 12, 1999 State Street Research Health Sciences Fund
Supplement No. 2
dated December 20, 1999
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July 1, 1999 State Street Research IntelliQuant Portfolios:
Small-Cap Value
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The following is added as the first paragraph immediately under the caption
"Your Investment -- Choosing a Share Class" at page 9 of the prospectus:
"At the present time, only Class A shares are being offered and are available
for investment."
