STATE STREET RESEARCH CAPITAL TRUST
NSAR-B, 1996-11-26
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<PAGE>      PAGE  1
000 B000000 09/30/96
000 C000000 727101
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
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000 J000000 U
001 A000000 STATE STREET RESEARCH CAPITAL TRUST
001 B000000 811-3838
001 C000000 6173577800
002 A000000 ONE FINANCIAL CENTER
002 B000000 BOSTON
002 C000000 MA
002 D010000 02111
002 D020000 2690
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
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007 C020100 STATE STREET RESEARCH CAPITAL FUND
007 C030100 N
007 C010200  2
007 C020200 STATE STREET RESEARCH SMALL CAP GROWTH FUND
007 C030200 N
007 C010300  3
007 C020300 STATE STREET RESEARCH SMALL CAP VALUE FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
014 A00AA01 METLIFE SECURITIES, INC.
014 B00AA01 8-30447
014 A00AA02 STATE STREET RESEARCH INVESTMENT SVCS., INC.
014 B00AA02 8-35442
014 A00AA03 DELETE
014 A00AA04 METRIC CAPITAL CORP.
014 B00AA04 8-16829
014 A00AA05 METROPOLITAN LIFE INSURANCE CO.
014 B00AA05 8-14901
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   22
<PAGE>      PAGE  2
019 C00AA00 STATESTRES
020 A000001 MORGAN STANLEY & CO.
020 B000001 13-2655998
020 C000001    175
020 A000002 CS FIRST BOSTON CORP.
020 B000002 13-5659485
020 C000002    170
020 A000003 GOLDMAN SACHS & CO.
020 B000003 13-5108880
020 C000003    152
020 A000004 LEHMAN BROTHERS INC
020 B000004 13-2518466
020 C000004    152
020 A000005 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP
020 B000005 13-2741729
020 C000005    110
020 A000006 SALOMON BROTHERS INC
020 B000006 13-3082694
020 C000006     91
020 A000007 PAINE WEBBER INC.
020 B000007 13-2638166
020 C000007     89
020 A000008 SANFORD C. BERNSTEIN & CO., INC.
020 B000008 13-2625874
020 C000008     89
020 A000009 UBS SECURITIES INC
020 B000009 13-2932996
020 C000009     86
020 A000010 INSTINET CORP.
020 B000010 13-3443395
020 C000010     18
021  000000     2185
022 A000001 FORD MOTOR CREDIT CO.
022 C000001    533540
022 D000001         0
022 A000002 AMERICAN EXPRESS CREDIT CORP.
022 C000002    422423
022 D000002         0
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC
022 B000003 13-5674085
022 C000003    278252
022 D000003     40182
022 A000004 HOUSEHOLD FINANCE CORP
022 C000004    199869
022 D000004         0
022 A000005 GENERAL ELECTRIC CAPITAL CORP.
022 C000005    176143
022 D000005         0
022 A000006 GOLDMAN SACHS & CO.
022 B000006 13-5108880
022 C000006    105507
<PAGE>      PAGE  3
022 D000006     60780
022 A000007 CHEVRON OIL FINANCE CO.
022 C000007    151694
022 D000007         0
022 A000008 ASSOCIATES CORP. OF NORTH AMERICA
022 C000008    137641
022 D000008         0
022 A000009 STATE STREET BANK & TRUST CO.
022 C000009    114633
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<PAGE>      PAGE  4
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<PAGE>      PAGE  6
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
066 B000200 Y
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066 F000200 N
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<PAGE>      PAGE  10
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050  000300 N
051  000300 N
052  000300 N
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054 A000300 Y
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062 B000300   0.0
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SIGNATURE   DOUGLAS A. ROMICH                            
TITLE       ASSISTANT TREASURER 
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787980
<NAME> STATE STREET RESEARCH CAPITAL TRUST
<SERIES>
   <NUMBER> 011
   <NAME> STATE STREET RESEARCH CAPITAL FUND CLASS A
       
<S>                             <C>
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<PERIOD-END>                               SEP-30-1996
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<NET-CHANGE-FROM-OPS>                       63,556,273
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (4,170,914)
<DISTRIBUTIONS-OTHER>                                0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000727101
<NAME> STATE STREET RESEARCH CAPITAL TRUST
<SERIES>
   <NUMBER> 012
   <NAME> STATE STREET RESEARCH CAPITAL FUND CLASS B
       
<S>                             <C>
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<PERIOD-END>                               SEP-30-1996
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<NUMBER-OF-SHARES-SOLD>                     14,984,596
<NUMBER-OF-SHARES-REDEEMED>                (2,587,886)
<SHARES-REINVESTED>                          1,171,523
<NET-CHANGE-IN-ASSETS>                     324,253,646
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   30,696,695
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        4,024,320
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              9,855,164
<AVERAGE-NET-ASSETS>                       536,576,000
<PER-SHARE-NAV-BEGIN>                            13.29
<PER-SHARE-NII>                                 (0.14)
<PER-SHARE-GAIN-APPREC>                           1.27
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.02)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.40
<EXPENSE-RATIO>                                   2.01
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787980
<NAME> STATE STREET RESEARCH CAPITAL TRUST
<SERIES>
   <NUMBER> 013
   <NAME> STATE STREET RESEARCH CAPITAL FUND CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                      597,347,004
<INVESTMENTS-AT-VALUE>                     731,154,733
<RECEIVABLES>                               16,196,863
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            27,715
<TOTAL-ASSETS>                             747,379,311
<PAYABLE-FOR-SECURITIES>                    19,251,692
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,827,885
<TOTAL-LIABILITIES>                         21,079,577
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   594,571,188
<SHARES-COMMON-STOCK>                        2,499,112
<SHARES-COMMON-PRIOR>                        3,482,260
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                   (2,079,183)
<ACCUM-APPREC-OR-DEPREC>                   133,807,729
<NET-ASSETS>                               726,299,734
<DIVIDEND-INCOME>                            2,227,719
<INTEREST-INCOME>                            2,525,316
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               9,855,164
<NET-INVESTMENT-INCOME>                    (5,102,129)
<REALIZED-GAINS-CURRENT>                   (2,073,183)
<APPREC-INCREASE-CURRENT>                   70,731,585
<NET-CHANGE-FROM-OPS>                       63,556,273
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (3,556,781)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        822,474
<NUMBER-OF-SHARES-REDEEMED>                (2,072,769)
<SHARES-REINVESTED>                            267,147
<NET-CHANGE-IN-ASSETS>                     324,253,646
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   30,696,695
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        4,024,320
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              9,855,164
<AVERAGE-NET-ASSETS>                       536,576,000
<PER-SHARE-NAV-BEGIN>                            13.66
<PER-SHARE-NII>                                 (0.01)
<PER-SHARE-GAIN-APPREC>                           1.31
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.02)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.94
<EXPENSE-RATIO>                                   1.01
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787980
<NAME> STATE STREET RESEARCH CAPITAL TRUST
<SERIES>
   <NUMBER> 014
   <NAME> STATE STREET RESEARCH CAPITAL FUND CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                      597,347,004
<INVESTMENTS-AT-VALUE>                     731,154,733
<RECEIVABLES>                               16,196,863
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            27,715
<TOTAL-ASSETS>                             747,379,311
<PAYABLE-FOR-SECURITIES>                    19,251,692
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,827,885
<TOTAL-LIABILITIES>                         21,079,577
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   594,571,188
<SHARES-COMMON-STOCK>                       14,180,375
<SHARES-COMMON-PRIOR>                        7,195,204
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                   (2,079,183)
<ACCUM-APPREC-OR-DEPREC>                   133,807,729
<NET-ASSETS>                               726,299,734
<DIVIDEND-INCOME>                            2,227,719
<INTEREST-INCOME>                            2,525,316
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               9,855,164
<NET-INVESTMENT-INCOME>                    (5,102,129)
<REALIZED-GAINS-CURRENT>                   (2,073,183)
<APPREC-INCREASE-CURRENT>                   70,731,585
<NET-CHANGE-FROM-OPS>                       63,556,273
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (7,349,181)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      7,893,265
<NUMBER-OF-SHARES-REDEEMED>                (1,469,595)
<SHARES-REINVESTED>                            561,501
<NET-CHANGE-IN-ASSETS>                     324,253,646
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   30,696,695
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        4,024,320
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              9,855,164
<AVERAGE-NET-ASSETS>                       536,576,000
<PER-SHARE-NAV-BEGIN>                            13.31
<PER-SHARE-NII>                                 (0.14)
<PER-SHARE-GAIN-APPREC>                           1.27
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.02)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.42
<EXPENSE-RATIO>                                   2.01
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000727101
<NAME> STATE STREET RESEARCH CAPITAL TRUST
<SERIES>
   <NUMBER> 021
   <NAME> STATE STREET RESEARCH SMALL CAPITALIZATION GROWTH FUND CL. A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                       51,467,378
<INVESTMENTS-AT-VALUE>                      60,444,474
<RECEIVABLES>                                2,214,879
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            13,776
<TOTAL-ASSETS>                              62,673,129
<PAYABLE-FOR-SECURITIES>                     1,104,607
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      308,711
<TOTAL-LIABILITIES>                          1,413,318
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    48,098,273
<SHARES-COMMON-STOCK>                        1,747,342
<SHARES-COMMON-PRIOR>                        2,216,062
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      4,184,442
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     8,977,096
<NET-ASSETS>                                61,259,811
<DIVIDEND-INCOME>                               72,828
<INTEREST-INCOME>                              158,590
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 981,057
<NET-INVESTMENT-INCOME>                      (749,639)
<REALIZED-GAINS-CURRENT>                    11,088,837
<APPREC-INCREASE-CURRENT>                  (2,000,953)
<NET-CHANGE-FROM-OPS>                        8,338,245
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        163,674
<NUMBER-OF-SHARES-REDEEMED>                  (632,394)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (6,479,932)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                 (6,159,873)
<GROSS-ADVISORY-FEES>                          443,318
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,214,321
<AVERAGE-NET-ASSETS>                        59,109,067
<PER-SHARE-NAV-BEGIN>                             9.69
<PER-SHARE-NII>                                 (0.09)
<PER-SHARE-GAIN-APPREC>                           1.73
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.33
<EXPENSE-RATIO>                                   1.35
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000727101
<NAME> STATE STREET RESEARCH CAPITAL TRUST
<SERIES>
   <NUMBER> 022
   <NAME> STATE STREET RESEARCH SMALL CAPITALIZATION GROWTH FUND CL. B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                       51,467,378
<INVESTMENTS-AT-VALUE>                      60,444,474
<RECEIVABLES>                                2,214,879
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            13,776
<TOTAL-ASSETS>                              62,673,129
<PAYABLE-FOR-SECURITIES>                     1,104,607
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      308,711
<TOTAL-LIABILITIES>                          1,413,318
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    48,098,273
<SHARES-COMMON-STOCK>                        2,129,754
<SHARES-COMMON-PRIOR>                        2,766,405
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      4,184,442
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     8,977,096
<NET-ASSETS>                                61,259,811
<DIVIDEND-INCOME>                               72,828
<INTEREST-INCOME>                              158,590
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 981,057
<NET-INVESTMENT-INCOME>                      (749,639)
<REALIZED-GAINS-CURRENT>                    11,088,837
<APPREC-INCREASE-CURRENT>                  (2,000,953)
<NET-CHANGE-FROM-OPS>                        8,338,245
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         84,647
<NUMBER-OF-SHARES-REDEEMED>                  (721,298)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (6,479,932)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                 (6,159,873)
<GROSS-ADVISORY-FEES>                          443,318
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,214,321
<AVERAGE-NET-ASSETS>                        59,109,067
<PER-SHARE-NAV-BEGIN>                             9.58
<PER-SHARE-NII>                                 (0.17)
<PER-SHARE-GAIN-APPREC>                           1.70
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.11
<EXPENSE-RATIO>                                   2.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000727101
<NAME> STATE STREET RESEARCH CAPITAL TRUST
<SERIES>
   <NUMBER> 023
   <NAME> STATE STREET RESEARCH SMALL CAPITALIZATION GROWTH FUND CL.C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                       51,467,378
<INVESTMENTS-AT-VALUE>                      60,444,474
<RECEIVABLES>                                2,214,879
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            13,776
<TOTAL-ASSETS>                              62,673,129
<PAYABLE-FOR-SECURITIES>                     1,104,607
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      308,711
<TOTAL-LIABILITIES>                          1,413,318
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    48,098,273
<SHARES-COMMON-STOCK>                        1,163,690
<SHARES-COMMON-PRIOR>                        1,267,435
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      4,184,442
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     8,977,096
<NET-ASSETS>                                61,259,811
<DIVIDEND-INCOME>                               72,828
<INTEREST-INCOME>                              158,590
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 981,057
<NET-INVESTMENT-INCOME>                      (749,639)
<REALIZED-GAINS-CURRENT>                    11,088,837
<APPREC-INCREASE-CURRENT>                  (2,000,953)
<NET-CHANGE-FROM-OPS>                        8,338,245
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        490,032
<NUMBER-OF-SHARES-REDEEMED>                  (593,777)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (6,479,932)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                 (6,159,873)
<GROSS-ADVISORY-FEES>                          443,318
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,214,321
<AVERAGE-NET-ASSETS>                        59,109,067
<PER-SHARE-NAV-BEGIN>                             9.77
<PER-SHARE-NII>                                 (0.07)
<PER-SHARE-GAIN-APPREC>                           1.74
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.44
<EXPENSE-RATIO>                                   1.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000727101
<NAME> STATE STREET RESEARCH CAPITAL TRUST
<SERIES>
   <NUMBER> 024
   <NAME> STATE STREET RESEARCH SMALL CAPITALIZATION GROWTH FUND CL. D
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                       51,467,378
<INVESTMENTS-AT-VALUE>                      60,444,474
<RECEIVABLES>                                2,214,879
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            13,776
<TOTAL-ASSETS>                              62,673,129
<PAYABLE-FOR-SECURITIES>                     1,104,607
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      308,711
<TOTAL-LIABILITIES>                          1,413,318
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    48,098,273
<SHARES-COMMON-STOCK>                          405,535
<SHARES-COMMON-PRIOR>                          771,686
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      4,184,442
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     8,977,096
<NET-ASSETS>                                61,259,811
<DIVIDEND-INCOME>                               72,828
<INTEREST-INCOME>                              158,590
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 981,057
<NET-INVESTMENT-INCOME>                      (749,639)
<REALIZED-GAINS-CURRENT>                    11,088,837
<APPREC-INCREASE-CURRENT>                  (2,000,953)
<NET-CHANGE-FROM-OPS>                        8,338,245
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         14,475
<NUMBER-OF-SHARES-REDEEMED>                  (380,626)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (6,479,932)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                 (6,159,873)
<GROSS-ADVISORY-FEES>                          443,318
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,214,321
<AVERAGE-NET-ASSETS>                        59,109,067
<PER-SHARE-NAV-BEGIN>                             9.58
<PER-SHARE-NII>                                 (0.16)
<PER-SHARE-GAIN-APPREC>                           1.68
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.10
<EXPENSE-RATIO>                                   2.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000727101
<NAME> STATE STREET RESEARCH CAPITAL TRUST
<SERIES>
   <NUMBER> 031
   <NAME> STATE STREET RESEARCH SMALL CAPITALIZATION VALUE FUND CL. A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                        7,871,340
<INVESTMENTS-AT-VALUE>                       9,182,714
<RECEIVABLES>                                  362,158
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                           173,602
<TOTAL-ASSETS>                               9,718,474
<PAYABLE-FOR-SECURITIES>                       456,605
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       70,227
<TOTAL-LIABILITIES>                            526,832
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     5,951,390
<SHARES-COMMON-STOCK>                           73,305
<SHARES-COMMON-PRIOR>                          519,451
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,928,878
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,311,374
<NET-ASSETS>                                 9,191,642
<DIVIDEND-INCOME>                               55,733
<INTEREST-INCOME>                                4,549
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  98,294
<NET-INVESTMENT-INCOME>                       (38,012)
<REALIZED-GAINS-CURRENT>                     1,978,638
<APPREC-INCREASE-CURRENT>                      774,969
<NET-CHANGE-FROM-OPS>                        2,715,595
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (46,536)
<DISTRIBUTIONS-OF-GAINS>                     (259,563)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         32,682
<NUMBER-OF-SHARES-REDEEMED>                  (503,526)
<SHARES-REINVESTED>                             24,698
<NET-CHANGE-IN-ASSETS>                       3,060,369
<ACCUMULATED-NII-PRIOR>                         36,497
<ACCUMULATED-GAINS-PRIOR>                      275,486
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           62,107
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                286,048
<AVERAGE-NET-ASSETS>                         7,306,705
<PER-SHARE-NAV-BEGIN>                            11.13
<PER-SHARE-NII>                                 (0.06)
<PER-SHARE-GAIN-APPREC>                           4.66
<PER-SHARE-DIVIDEND>                            (0.09)
<PER-SHARE-DISTRIBUTIONS>                       (0.50)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.14
<EXPENSE-RATIO>                                   1.45
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000727101
<NAME> STATE STREET RESEARCH CAPITAL TRUST
<SERIES>
   <NUMBER> 032
   <NAME> STATE STREET RESEARCH SMALL CAPITALIZATION VALUE FUND CL. B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                        7,871,340
<INVESTMENTS-AT-VALUE>                       9,182,714
<RECEIVABLES>                                  362,158
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                           173,602
<TOTAL-ASSETS>                               9,718,474
<PAYABLE-FOR-SECURITIES>                       456,605
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       70,227
<TOTAL-LIABILITIES>                            526,832
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     5,951,390
<SHARES-COMMON-STOCK>                           10,991
<SHARES-COMMON-PRIOR>                           10,493
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,928,878
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,311,374
<NET-ASSETS>                                 9,191,642
<DIVIDEND-INCOME>                               55,733
<INTEREST-INCOME>                                4,549
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  98,294
<NET-INVESTMENT-INCOME>                       (38,012)
<REALIZED-GAINS-CURRENT>                     1,978,638
<APPREC-INCREASE-CURRENT>                      774,969
<NET-CHANGE-FROM-OPS>                        2,715,595
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (430)
<DISTRIBUTIONS-OF-GAINS>                       (5,268)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                498
<NET-CHANGE-IN-ASSETS>                       3,060,369
<ACCUMULATED-NII-PRIOR>                         36,497
<ACCUMULATED-GAINS-PRIOR>                      275,486
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           62,107
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                286,048
<AVERAGE-NET-ASSETS>                         7,306,705
<PER-SHARE-NAV-BEGIN>                            11.08
<PER-SHARE-NII>                                 (0.17)
<PER-SHARE-GAIN-APPREC>                           4.65
<PER-SHARE-DIVIDEND>                            (0.04)
<PER-SHARE-DISTRIBUTIONS>                       (0.50)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.02
<EXPENSE-RATIO>                                   2.20
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000727101
<NAME> STATE STREET RESEARCH CAPITAL TRUST
<SERIES>
   <NUMBER> 033
   <NAME> STATE STREET RESEARCH SMALL CAPITALIZATION VALUE FUND CL. C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                        7,871,340
<INVESTMENTS-AT-VALUE>                       9,182,714
<RECEIVABLES>                                  362,158
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                           173,602
<TOTAL-ASSETS>                               9,718,474
<PAYABLE-FOR-SECURITIES>                       456,605
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       70,227
<TOTAL-LIABILITIES>                            526,832
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     5,951,390
<SHARES-COMMON-STOCK>                          510,530
<SHARES-COMMON-PRIOR>                           10,493
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,928,878
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,311,374
<NET-ASSETS>                                 9,191,642
<DIVIDEND-INCOME>                               55,733
<INTEREST-INCOME>                                4,549
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  98,294
<NET-INVESTMENT-INCOME>                       (38,012)
<REALIZED-GAINS-CURRENT>                     1,978,638
<APPREC-INCREASE-CURRENT>                      774,969
<NET-CHANGE-FROM-OPS>                        2,715,595
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (1,112)
<DISTRIBUTIONS-OF-GAINS>                       (5,268)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        499,540
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                497
<NET-CHANGE-IN-ASSETS>                       3,060,369
<ACCUMULATED-NII-PRIOR>                         36,497
<ACCUMULATED-GAINS-PRIOR>                      275,486
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           62,107
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                286,048
<AVERAGE-NET-ASSETS>                         7,306,705
<PER-SHARE-NAV-BEGIN>                            11.15
<PER-SHARE-NII>                                 (0.06)
<PER-SHARE-GAIN-APPREC>                           4.70
<PER-SHARE-DIVIDEND>                            (0.11)
<PER-SHARE-DISTRIBUTIONS>                       (0.50)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.18
<EXPENSE-RATIO>                                   1.20
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000768530
<NAME> STATE STREET RESEARCH CAPITAL TRUST
<SERIES>
   <NUMBER> 034
   <NAME> STATE STREET RESEARCH SMALL CAPITALIZATION VALUE FUND CL.D
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               SEP-30-1996
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<INVESTMENTS-AT-VALUE>                       9,182,714
<RECEIVABLES>                                  362,158
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                           173,602
<TOTAL-ASSETS>                               9,718,474
<PAYABLE-FOR-SECURITIES>                       456,605
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       70,227
<TOTAL-LIABILITIES>                            526,832
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     5,951,390
<SHARES-COMMON-STOCK>                           10,991
<SHARES-COMMON-PRIOR>                           10,493
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,928,878
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,311,374
<NET-ASSETS>                                 9,191,642
<DIVIDEND-INCOME>                               55,733
<INTEREST-INCOME>                                4,549
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  98,294
<NET-INVESTMENT-INCOME>                       (38,012)
<REALIZED-GAINS-CURRENT>                     1,978,638
<APPREC-INCREASE-CURRENT>                      774,969
<NET-CHANGE-FROM-OPS>                        2,715,595
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (430)
<DISTRIBUTIONS-OF-GAINS>                       (5,268)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                498
<NET-CHANGE-IN-ASSETS>                       3,060,369
<ACCUMULATED-NII-PRIOR>                         36,497
<ACCUMULATED-GAINS-PRIOR>                      275,486
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           62,107
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                286,048
<AVERAGE-NET-ASSETS>                         7,306,705
<PER-SHARE-NAV-BEGIN>                            11.08
<PER-SHARE-NII>                                 (0.17)
<PER-SHARE-GAIN-APPREC>                           4.65
<PER-SHARE-DIVIDEND>                            (0.04)
<PER-SHARE-DISTRIBUTIONS>                       (0.50)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.02
<EXPENSE-RATIO>                                   2.20
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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