<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Kemper
Dreman Financial Services Fund Semiannual Report for the six months ended
5/31/2000 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK> 0001052427
<NAME> KEMPER EQUITY TRUST
<SERIES>
<NUMBER> 003
<NAME> KEMPER DREMAN FINANCIAL SERVICES FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-2000
<PERIOD-START> DEC-01-1999
<PERIOD-END> MAY-31-2000
<INVESTMENTS-AT-COST> 179,224
<INVESTMENTS-AT-VALUE> 172,104
<RECEIVABLES> 1,338
<ASSETS-OTHER> 8
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 173,450
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,801
<TOTAL-LIABILITIES> 1,801
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 182,913
<SHARES-COMMON-STOCK> 1,799
<SHARES-COMMON-PRIOR> 1,609
<ACCUMULATED-NII-CURRENT> (75)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,070
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (7,119)
<NET-ASSETS> 171,648
<DIVIDEND-INCOME> 2,185
<INTEREST-INCOME> 79
<OTHER-INCOME> 0
<EXPENSES-NET> 1,557
<NET-INVESTMENT-INCOME> 707
<REALIZED-GAINS-CURRENT> (3,147)
<APPREC-INCREASE-CURRENT> (3,874)
<NET-CHANGE-FROM-OPS> (6,314)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (126)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,806
<NUMBER-OF-SHARES-REDEEMED> (5,199)
<SHARES-REINVESTED> 106
<NET-CHANGE-IN-ASSETS> (16,004)
<ACCUMULATED-NII-PRIOR> 1,014
<ACCUMULATED-GAINS-PRIOR> (923)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 616
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,589
<AVERAGE-NET-ASSETS> 14,686
<PER-SHARE-NAV-BEGIN> 9.69
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> (0.31)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.08)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.32
<EXPENSE-RATIO> 2.22
</TABLE>
