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SUPPLEMENT NO. 1 dated November 21, 2000
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TO PROSPECTUS dated September 1, 2000
FOR STATE STREET RESEARCH STRATEGIC INCOME FUND
a SERIES OF STATE STREET RESEARCH SECURITIES TRUST
INVESTMENT MANAGEMENT
Under the above caption on page 10 of the Prospectus, the third paragraph
is revised in its entirety to read 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 Kim M. Peters, who manages the lower
quality debt investments held by the fund, and Elizabeth M. Westvold, who
manages the fund's foreign securities. Mr. Peters is a senior vice
president. He has worked as an investment professional since 1986, when he
joined the firm. He has assisted with the fund since November 2000. Also a
senior vice president, Ms. Westvold joined the firm in 1987. She has
assisted with the fund since its inception."
SI-2872-1100
[LOGO] STATE STREET RESEARCH Control Number: (exp0901)SSR-LD
