STATE STREET RESEARCH OFFERS VALUE-ADDED INCENTIVES ON NEW IRA ACCOUNTS
BOSTON, MA, December 6, 2000-State Street Research, a firm that has been
helping investors reach their financial goals since 1924, is offering
value-added incentives to investors who open new Individual Retirement
Accounts (IRAs)-Traditional, Roth and Rollover- from January 1, 2001 to
April 15, 2001.
First, State Street Research is waiving the annual IRA maintenance fee on
all new IRAs opened from January 1, 2001 to April 15, 2001. Additionally,
investors can open a new State Street Research IRA account with a minimum
initial investment of only $500 rather than the $2000 that usually applies.
Capitalizing on its long history of investment expertise, State Street
Research is promoting its flagship fund, State Street Research Investment
Trust, the second oldest mutual fund in the United States. State Street
Research Investment Trust may be a suitable IRA investment option for
investors who seek a moderately aggressive, large cap fund for a long-term
goal, with a blend of growth and value investments. The Fund invests in
some of America's biggest and best-known companies in a broad range of
industries.
"Reducing the minimums on new accounts should attract younger investors and
encourage them to develop sound retirement planning habits," said Kevin
Wilkins, Executive Vice President, Head of Retail Marketing and Client
Services Group. "The fee waiver makes the IRAs-Traditional, Roth and
Rollover-very attractive retirement tools, especially to investors who are
changing jobs or about to retire."
State Street Research & Management Company, with a money management history
dating back to 1924, is one of the nation's first investment management
organizations. The Boston-based firm is a subsidiary of MetLife. As of
October 31, 2000, State Street Research managed $54 billion in assets, of
which $34 billion represented institutional clients and $20 billion
represented mutual fund and variable annuity portfolios. The firm is
managing money for 10 of the 12 largest U.S. corporate pension plans, union
programs, and public employee pension plans; mutual funds for over 530,000
shareholder accounts; and individually managed accounts for affluent
investors. The firm's Web site address is www.ssrfunds.com.
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Note to editors: We are required to include the following information with
our news release:
A prospectus for State Street Research Investment Trust is available through
your financial professional or by calling 1-87-SSR-FUNDS (1-877-8637). The
prospectus contains more complete information, including sales charges and
expenses. Please read the prospectus carefully before investing.
