SUBSCRIPTION and INVESTMENT LETTER
May 15, 2000
To: State Street Research Financial Trust
One Financial Center
Boston, MA 02111-2690
The undersigned hereby subscribes to one share (the "Share") each of
Class A, Class B(1), Class B, Class C and Class S of beneficial interest of
State Street Research Concentrated Growth Fund, having a par value of $.001, at
a price of $9.43 per share and agrees to pay therefor upon demand in cash the
amount of $9.43 per share.
In connection with your sale of the above shares to us, we hereby
confirm that we are acquiring the Share for investment for our own account as
the sole beneficial owner thereof, and not with a view to or in connection with
any resale or distribution of the Share or of any interest therein. We hereby
agree that we will not sell, assign or transfer the Share or any interest
therein, except upon repurchase or redemption by the Fund, unless and until you
have received an opinion of your counsel indicating to your satisfaction that
said sale, assignment or transfer will not violate the provisions of the 1933
Act or any rules or regulations promulgated thereunder.
Very truly yours,
STATE STREET RESEARCH &
MANAGEMENT COMPANY
By: /s/ Douglas A. Romich
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