[letterhead of
State Street Research Investment Services, Inc.
One Financial Center
Boston, Massachusetts 02111]
October 8, 1998
Securities and Exchange Commission
Filing Desk
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: State Street Research Master Investment Trust
Securities Act of 1933 Registration No. 33-32729
Investment Company Act of 1940 File No. 811-84
CIK 0000093755
------------------------------------------------
Ladies and Gentlemen:
On behalf of State Street Research Master Investment Trust (the "Registrant")
and pursuant to Rule 497(e) of the Securities Act of 1933, we hereby file
Supplement No. 1 dated October 1, 1998, to the Statement of Additional
Information dated May 1, 1998 for State Street Research Investment Trust, a
series of the Registrant.
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.
Very truly yours,
State Street Research
Investment Services, Inc.
By: /s/ Amy L. Simmons
Amy L. Simmons
Vice President
Attachment
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
<PAGE>
Supplement No. 1 dated October 1, 1998
to
Statement of Additional Information dated May 1, 1998
for
State Street Research Investment Trust
a series of State Street Research Master Investment Trust
Purchase and Redemption of Shares
The following is hereby added as the final paragraph under the caption "Purchase
and Redemption of Shares" at page 32 of the Statement of Additional Information:
"Special Offering Period. During a Special Offering Period
commencing October 1, 1998 through December 31, 1998, the minimum
initial investment for accounts opened by persons eligible to receive
the Alaska Permanent Fund Dividend is reduced to $1,000. This Special
Offering is subject to related administrative policies established by
the Distributor. The Fund reserves the right to accept any such new
investments or suspend such sale of shares or otherwise modify or
extend the above terms at any time without further notice or supplement
to this Statement of Additional Information."
