Supplement No. 3 dated June 16, 1999
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(Supplanting Supplement No. 2 dated May 1, 1999)
to Prospectus dated September 1, 1998
for State Street Research Strategic Income Fund
A series of State Street Research Securities Trust
Investment Management
The third paragraph in the Prospectus section on "Investment Management" is
revised in its entirety as follows:
"John H. Kallis has been responsible for the fund's day-to-day portfolio
management since its inception in August 1996. A senior vice president, he
joined the firm in 1987 and has worked as an investment professional since
1963. Supporting Mr. Kallis are Bartlett R. Geer, who manages the lower
quality portion of the fund, and Elizabeth M. Westvold, who manages the
fund's foreign securities. Mr. Geer is a senior vice president and has
worked as an investment professional since joining the firm in 1981. He has
assisted with the fund since June 1999, and previously from the fund's
inception through December 1998. Ms. Westvold is a senior vice president
and has worked as an investment professional for 14 years. She has assisted
with the fund since its inception."
[logo: State Street Research]
SI-894F-0699
Control Number: (exp0600)SSR-LD
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Policies for Buying Shares
Until December 31, 1999, the minimum initial investment for Individual
Retirement Accounts ("IRAs") is $500. This minimum may be changed by the
Distributor without further notice. Accordingly, the Prospectus sections
"Policies for Buying Shares -- Minimum Initial Investments" and "-- Minimum
Additional Investments" are revised as follows:
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Minimum Initial Investments: Minimum Additional Investments:
<S> <C>
o $1,000 for accounts that use the o $50 for any account
Investamatic program*
*Except $500 for Individual
o $2,000 for Individual Retirement Retirement Accounts during
Accounts* special promotional periods.
o $2,500 for all other accounts
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