STATE STREET RESEARCH MASTER INVESTMENT TRUST
497, 2000-09-14
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                    Supplement No. 1 dated September 20, 2000
                                       to
              Statement of Additional Information dated May 1, 2000
                                       for
                     State Street Research Investment Trust
            a series of State Street Research Master Investment Trust



         The following is hereby added at page I, 1-12 of the Statement of
Additional Information:

         O. Purchase and Redemption of Shares
            ---------------------------------

                   Special Offering Period. During a Special Offering Period
         commencing September 20, 2000 through December 31, 2000, the minimum
         initial investment is reduced to $1,000 for State Street Research
         Investment Trust accounts opened by persons eligible to receive the
         Alaska Permanent Fund Dividend. 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.

















(exp0501) SSR-LD                                                    IT-2500-0900


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