METLIFE STATE STREET EQUITY TRUST
NSAR-B, 1996-08-29
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<PAGE>      PAGE  1
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001 A000000 STATE STREET RESEARCH EQUITY TRUST
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002 A000000 ONE FINANCIAL CENTER
002 B000000 BOSTON
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004  000000 N
005  000000 N
006  000000 N
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007 C010100  1
007 C020100 STATE STREET RESEARCH CAPITAL APPRECIATION
007 C030100 N
007 C010200  2
007 C020200 STATE STREET RESEARCH EQUITY INVESTMENT FUND
007 C030200 N
007 C010300  3
007 C020300 STATE STREET RESEARCH EQUITY INCOME FUND
007 C030300 N
007 C010400  4
007 C020400 STATE STREET RESEARCH GLOBAL RESOURCES FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
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018  00AA00 Y
019 A00AA00 Y
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020 A000001 MORGAN STANLEY & CO. INC.
020 B000001 13-2655998
020 C000001    194
020 A000002 GOLDMAN SACHS & CO.
020 B000002 13-5108880
020 C000002    188
<PAGE>      PAGE  2
020 A000003 SANFORD C. BERNSTEIN AND CO. INC.
020 B000003 13-2625874
020 C000003    173
020 A000004 CS FIRST BOSTON CORP.
020 B000004 13-5659485
020 C000004    169
020 A000005 SALOMON BROTHERS INC.
020 B000005 13-3082694
020 C000005    160
020 A000006 PAINE WEBBER, INC.
020 B000006 13-2638166
020 C000006    147
020 A000007 DONALDSON, LUFKIN & JENRETTE SECURITIES
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020 C000007    137
020 A000008 LEHMAN BROTHERS, INC.
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020 C000008    128
020 A000009 ALEX BROWN & SONS INC.
020 B000009 52-1319768
020 C000009     99
020 A000010 MERRILL LYNCH, PIERCE FENNER & SMITH, INC.
020 B000010 13-5674085
020 C000010     97
021  000000     2882
022 A000001 AMERICAN EXPRESS CREDIT CORP
022 C000001    390643
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022 A000002 FORD MOTOR CREDIT CORP
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022 A000003 GOLDMAN SACHS & CO.
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022 C000003    156373
022 D000003    176201
022 A000004 MORGAN STANLEY & CO. INC.
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022 A000005 HOUSEHOLD FINANCE CORP.
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022 C000006    171965
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022 A000007 PHILIP MORRIS COS. INC.
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<PAGE>      PAGE  3
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<PAGE>      PAGE  6
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<PAGE>      PAGE  10
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SIGNATURE   DOUGLAS A. ROMICH                            
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 011
   <NAME> STATE STREET RESEARCH CAPITAL APPRECIATION FUND CLASS A
       
<S>                             <C>
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                               9,304,684
<NET-INVESTMENT-INCOME>                    (5,560,185)
<REALIZED-GAINS-CURRENT>                    73,266,361
<APPREC-INCREASE-CURRENT>                   61,608,747
<NET-CHANGE-FROM-OPS>                      129,314,923
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                  (34,354,819)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      8,509,488
<NUMBER-OF-SHARES-REDEEMED>                (6,333,177)
<SHARES-REINVESTED>                          3,045,717
<NET-CHANGE-IN-ASSETS>                     241,712,514
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    8,649,836
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        4,634,817
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              9,304,684
<AVERAGE-NET-ASSETS>                       617,975,600
<PER-SHARE-NAV-BEGIN>                            11.52
<PER-SHARE-NII>                                 (0.10)
<PER-SHARE-GAIN-APPREC>                           2.63
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.29)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.76
<EXPENSE-RATIO>                                   1.40
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 012
   <NAME> STATE STREET RESEARCH CAPITAL APPRECIATION FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                      582,502,765
<INVESTMENTS-AT-VALUE>                     753,581,671
<RECEIVABLES>                                  923,362
<ASSETS-OTHER>                                  13,406
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             754,518,439
<PAYABLE-FOR-SECURITIES>                    10,869,382
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,641,709
<TOTAL-LIABILITIES>                         12,511,091
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   555,425,815
<SHARES-COMMON-STOCK>                       13,791,209
<SHARES-COMMON-PRIOR>                        8,180,895
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     15,502,627
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   171,078,906
<NET-ASSETS>                               742,007,348
<DIVIDEND-INCOME>                            2,490,531
<INTEREST-INCOME>                            1,253,968
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               9,304,684
<NET-INVESTMENT-INCOME>                    (5,560,185)
<REALIZED-GAINS-CURRENT>                    73,266,361
<APPREC-INCREASE-CURRENT>                   61,608,747
<NET-CHANGE-FROM-OPS>                      129,314,923
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                  (12,773,915)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      6,634,276
<NUMBER-OF-SHARES-REDEEMED>                (2,182,710)
<SHARES-REINVESTED>                          1,158,748
<NET-CHANGE-IN-ASSETS>                     241,712,514
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    8,649,836
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        4,634,817
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              9,304,684
<AVERAGE-NET-ASSETS>                       617,975,600
<PER-SHARE-NAV-BEGIN>                            11.38
<PER-SHARE-NII>                                 (0.22)
<PER-SHARE-GAIN-APPREC>                           2.62
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.29)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.49
<EXPENSE-RATIO>                                   2.15
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 013
   <NAME> STATE STREET RESEARCH CAPITAL APPRECIATION CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                      582,502,765
<INVESTMENTS-AT-VALUE>                     753,581,671
<RECEIVABLES>                                  923,362
<ASSETS-OTHER>                                  13,406
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             754,518,439
<PAYABLE-FOR-SECURITIES>                    10,869,382
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,641,709
<TOTAL-LIABILITIES>                         12,511,091
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   555,425,815
<SHARES-COMMON-STOCK>                       12,954,795
<SHARES-COMMON-PRIOR>                        9,167,910
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     15,502,627
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   171,078,906
<NET-ASSETS>                               742,007,348
<DIVIDEND-INCOME>                            2,490,531
<INTEREST-INCOME>                            1,253,968
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               9,304,684
<NET-INVESTMENT-INCOME>                    (5,560,185)
<REALIZED-GAINS-CURRENT>                    73,266,361
<APPREC-INCREASE-CURRENT>                   61,608,747
<NET-CHANGE-FROM-OPS>                      129,314,923
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                  (13,218,452)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      6,363,633
<NUMBER-OF-SHARES-REDEEMED>                (3,763,939)
<SHARES-REINVESTED>                          1,187,191
<NET-CHANGE-IN-ASSETS>                     241,712,514
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    8,649,836
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        4,634,817
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              9,304,684
<AVERAGE-NET-ASSETS>                       617,975,600
<PER-SHARE-NAV-BEGIN>                            11.64
<PER-SHARE-NII>                                 (0.08)
<PER-SHARE-GAIN-APPREC>                           2.67
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.29)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.94
<EXPENSE-RATIO>                                   1.15
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 014
   <NAME> STATE STREET RESEARCH CAPITAL APPRECIATION FUND CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                      582,502,765
<INVESTMENTS-AT-VALUE>                     753,581,671
<RECEIVABLES>                                  923,362
<ASSETS-OTHER>                                  13,406
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             754,518,439
<PAYABLE-FOR-SECURITIES>                    10,869,382
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,641,709
<TOTAL-LIABILITIES>                         12,511,091
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   555,425,815
<SHARES-COMMON-STOCK>                          568,664
<SHARES-COMMON-PRIOR>                          356,027
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     15,502,627
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   171,078,906
<NET-ASSETS>                               742,007,348
<DIVIDEND-INCOME>                            2,490,531
<INTEREST-INCOME>                            1,253,968
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               9,304,684
<NET-INVESTMENT-INCOME>                    (5,560,185)
<REALIZED-GAINS-CURRENT>                    73,266,361
<APPREC-INCREASE-CURRENT>                   61,608,747
<NET-CHANGE-FROM-OPS>                      129,314,923
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     (510,505)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,631,034
<NUMBER-OF-SHARES-REDEEMED>                (1,461,059)
<SHARES-REINVESTED>                             42,662
<NET-CHANGE-IN-ASSETS>                     241,712,514
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    8,649,836
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        4,634,817
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              9,304,684
<AVERAGE-NET-ASSETS>                       617,975,600
<PER-SHARE-NAV-BEGIN>                            11.41
<PER-SHARE-NII>                                 (0.21)
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<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.29)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.52
<EXPENSE-RATIO>                                   2.15
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 021
   <NAME> STATE STREET RESEARCH EQUITY INVESTMENT FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       97,837,561
<INVESTMENTS-AT-VALUE>                     124,332,539
<RECEIVABLES>                                  413,611
<ASSETS-OTHER>                                  12,539
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             124,758,689
<PAYABLE-FOR-SECURITIES>                       904,641
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      317,511
<TOTAL-LIABILITIES>                          1,222,152
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    88,662,060
<SHARES-COMMON-STOCK>                        2,306,216
<SHARES-COMMON-PRIOR>                        2,183,290
<ACCUMULATED-NII-CURRENT>                      671,546
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      7,707,953
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    26,494,978
<NET-ASSETS>                               123,536,537
<DIVIDEND-INCOME>                            1,706,929
<INTEREST-INCOME>                              426,882
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,226,307
<NET-INVESTMENT-INCOME>                        907,504
<REALIZED-GAINS-CURRENT>                    10,187,786
<APPREC-INCREASE-CURRENT>                   11,825,753
<NET-CHANGE-FROM-OPS>                       22,921,043
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (248,210)
<DISTRIBUTIONS-OF-GAINS>                   (1,371,017)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        405,624
<NUMBER-OF-SHARES-REDEEMED>                  (387,435)
<SHARES-REINVESTED>                            104,737
<NET-CHANGE-IN-ASSETS>                      35,227,533
<ACCUMULATED-NII-PRIOR>                        135,113
<ACCUMULATED-GAINS-PRIOR>                    1,517,874
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          676,177
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,446,547
<AVERAGE-NET-ASSETS>                       104,027,231
<PER-SHARE-NAV-BEGIN>                            14.28
<PER-SHARE-NII>                                   0.12
<PER-SHARE-GAIN-APPREC>                           3.38
<PER-SHARE-DIVIDEND>                            (0.11)
<PER-SHARE-DISTRIBUTIONS>                       (0.63)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.04
<EXPENSE-RATIO>                                   1.25
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 022
   <NAME> STATE STREET RESEARCH EQUITY INVESTMENT FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       97,837,561
<INVESTMENTS-AT-VALUE>                     124,332,539
<RECEIVABLES>                                  413,611
<ASSETS-OTHER>                                  12,539
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             124,758,689
<PAYABLE-FOR-SECURITIES>                       904,641
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      317,511
<TOTAL-LIABILITIES>                          1,222,152
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    88,662,060
<SHARES-COMMON-STOCK>                          777,751
<SHARES-COMMON-PRIOR>                          419,101
<ACCUMULATED-NII-CURRENT>                      671,546
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      7,707,953
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    26,494,978
<NET-ASSETS>                               123,536,537
<DIVIDEND-INCOME>                            1,706,929
<INTEREST-INCOME>                              426,882
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,226,307
<NET-INVESTMENT-INCOME>                        907,504
<REALIZED-GAINS-CURRENT>                    10,187,786
<APPREC-INCREASE-CURRENT>                   11,825,753
<NET-CHANGE-FROM-OPS>                       22,921,043
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     (315,045)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        440,639
<NUMBER-OF-SHARES-REDEEMED>                  (102,902)
<SHARES-REINVESTED>                             20,913
<NET-CHANGE-IN-ASSETS>                      35,227,533
<ACCUMULATED-NII-PRIOR>                        135,113
<ACCUMULATED-GAINS-PRIOR>                    1,517,874
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          676,177
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,446,547
<AVERAGE-NET-ASSETS>                       104,027,231
<PER-SHARE-NAV-BEGIN>                            14.16
<PER-SHARE-NII>                                   0.01
<PER-SHARE-GAIN-APPREC>                           3.34
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.63)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.88
<EXPENSE-RATIO>                                   2.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 023
   <NAME> STATE STREET RESEARCH EQUITY INVESTMENT FUND CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       97,837,561
<INVESTMENTS-AT-VALUE>                     124,332,539
<RECEIVABLES>                                  413,611
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<PAYABLE-FOR-SECURITIES>                       904,641
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      317,511
<TOTAL-LIABILITIES>                          1,222,152
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    88,662,060
<SHARES-COMMON-STOCK>                        4,121,645
<SHARES-COMMON-PRIOR>                        3,540,302
<ACCUMULATED-NII-CURRENT>                      671,546
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      7,707,953
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    26,494,978
<NET-ASSETS>                               123,536,537
<DIVIDEND-INCOME>                            1,706,929
<INTEREST-INCOME>                              426,882
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,226,307
<NET-INVESTMENT-INCOME>                        907,504
<REALIZED-GAINS-CURRENT>                    10,187,786
<APPREC-INCREASE-CURRENT>                   11,825,753
<NET-CHANGE-FROM-OPS>                       22,921,043
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (571,956)
<DISTRIBUTIONS-OF-GAINS>                   (2,286,228)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,692,679
<NUMBER-OF-SHARES-REDEEMED>                (1,302,028)
<SHARES-REINVESTED>                            190,692
<NET-CHANGE-IN-ASSETS>                      35,227,533
<ACCUMULATED-NII-PRIOR>                        135,113
<ACCUMULATED-GAINS-PRIOR>                    1,517,874
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          676,177
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,446,547
<AVERAGE-NET-ASSETS>                       104,027,231
<PER-SHARE-NAV-BEGIN>                            14.27
<PER-SHARE-NII>                                   0.17
<PER-SHARE-GAIN-APPREC>                           3.37
<PER-SHARE-DIVIDEND>                            (0.15)
<PER-SHARE-DISTRIBUTIONS>                       (0.63)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.03
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 024
   <NAME> STATE STREET RESEARCH EQUITY INVESTMENT FUND CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       97,837,561
<INVESTMENTS-AT-VALUE>                     124,332,539
<RECEIVABLES>                                  413,611
<ASSETS-OTHER>                                  12,539
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             124,758,689
<PAYABLE-FOR-SECURITIES>                       904,641
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      317,511
<TOTAL-LIABILITIES>                          1,222,152
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    88,662,060
<SHARES-COMMON-STOCK>                           55,166
<SHARES-COMMON-PRIOR>                           49,409
<ACCUMULATED-NII-CURRENT>                      671,546
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      7,707,953
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    26,494,978
<NET-ASSETS>                               123,536,537
<DIVIDEND-INCOME>                            1,706,929
<INTEREST-INCOME>                              426,882
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,226,307
<NET-INVESTMENT-INCOME>                        907,504
<REALIZED-GAINS-CURRENT>                    10,187,786
<APPREC-INCREASE-CURRENT>                   11,825,753
<NET-CHANGE-FROM-OPS>                       22,921,043
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                      (31,975)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          5,582
<NUMBER-OF-SHARES-REDEEMED>                    (1,906)
<SHARES-REINVESTED>                              2,081
<NET-CHANGE-IN-ASSETS>                      35,227,533
<ACCUMULATED-NII-PRIOR>                        135,113
<ACCUMULATED-GAINS-PRIOR>                    1,517,874
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          676,177
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,446,547
<AVERAGE-NET-ASSETS>                       104,027,231
<PER-SHARE-NAV-BEGIN>                            14.15
<PER-SHARE-NII>                                   0.01
<PER-SHARE-GAIN-APPREC>                           3.34
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.63)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.87
<EXPENSE-RATIO>                                   2.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 031
   <NAME> STATE STREET RESEARCH EQUITY INCOME FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       98,395,817
<INVESTMENTS-AT-VALUE>                     111,532,650
<RECEIVABLES>                                  996,396
<ASSETS-OTHER>                                   6,769
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             112,535,815
<PAYABLE-FOR-SECURITIES>                     1,468,875
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      376,048
<TOTAL-LIABILITIES>                          1,844,923
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    82,430,725
<SHARES-COMMON-STOCK>                        3,209,801
<SHARES-COMMON-PRIOR>                        3,189,399
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                        (73,770)
<ACCUMULATED-NET-GAINS>                     15,197,104
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    13,136,833
<NET-ASSETS>                               110,690,892
<DIVIDEND-INCOME>                            1,760,884
<INTEREST-INCOME>                            1,273,213
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,314,263
<NET-INVESTMENT-INCOME>                      1,719,834
<REALIZED-GAINS-CURRENT>                    15,234,292
<APPREC-INCREASE-CURRENT>                    2,941,031
<NET-CHANGE-FROM-OPS>                       19,895,157
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (882,400)
<DISTRIBUTIONS-OF-GAINS>                     (492,304)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        499,172
<NUMBER-OF-SHARES-REDEEMED>                  (578,171)
<SHARES-REINVESTED>                             99,401
<NET-CHANGE-IN-ASSETS>                      21,040,878
<ACCUMULATED-NII-PRIOR>                        322,548
<ACCUMULATED-GAINS-PRIOR>                    1,165,002
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          649,578
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,582,221
<AVERAGE-NET-ASSETS>                        99,935,077
<PER-SHARE-NAV-BEGIN>                            11.70
<PER-SHARE-NII>                                   0.23
<PER-SHARE-GAIN-APPREC>                           2.36
<PER-SHARE-DIVIDEND>                            (0.28)
<PER-SHARE-DISTRIBUTIONS>                       (0.16)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.85
<EXPENSE-RATIO>                                   1.25
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 032
   <NAME> STATE STREET RESEARCH EQUITY INCOME FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       98,395,817
<INVESTMENTS-AT-VALUE>                     111,532,650
<RECEIVABLES>                                  996,396
<ASSETS-OTHER>                                   6,769
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             112,535,815
<PAYABLE-FOR-SECURITIES>                     1,468,875
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      376,048
<TOTAL-LIABILITIES>                          1,844,923
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    82,430,725
<SHARES-COMMON-STOCK>                        1,848,643
<SHARES-COMMON-PRIOR>                        1,381,341
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                        (73,770)
<ACCUMULATED-NET-GAINS>                     15,197,104
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    13,136,833
<NET-ASSETS>                               110,690,892
<DIVIDEND-INCOME>                            1,760,884
<INTEREST-INCOME>                            1,273,213
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,314,263
<NET-INVESTMENT-INCOME>                      1,719,834
<REALIZED-GAINS-CURRENT>                    15,234,292
<APPREC-INCREASE-CURRENT>                    2,941,031
<NET-CHANGE-FROM-OPS>                       19,895,157
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (304,585)
<DISTRIBUTIONS-OF-GAINS>                     (223,972)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        670,304
<NUMBER-OF-SHARES-REDEEMED>                  (241,006)
<SHARES-REINVESTED>                             38,004
<NET-CHANGE-IN-ASSETS>                      21,040,878
<ACCUMULATED-NII-PRIOR>                        322,548
<ACCUMULATED-GAINS-PRIOR>                    1,165,002
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          649,578
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,582,221
<AVERAGE-NET-ASSETS>                        99,935,077
<PER-SHARE-NAV-BEGIN>                            11.68
<PER-SHARE-NII>                                   0.13
<PER-SHARE-GAIN-APPREC>                           2.36
<PER-SHARE-DIVIDEND>                            (0.19)
<PER-SHARE-DISTRIBUTIONS>                       (0.16)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.82
<EXPENSE-RATIO>                                   2.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 033
   <NAME> STATE STREET RESEARCH EQUITY INCOME FUND CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       98,395,817
<INVESTMENTS-AT-VALUE>                     111,532,650
<RECEIVABLES>                                  996,396
<ASSETS-OTHER>                                   6,769
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             112,535,815
<PAYABLE-FOR-SECURITIES>                     1,468,875
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      376,048
<TOTAL-LIABILITIES>                          1,844,923
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    82,430,725
<SHARES-COMMON-STOCK>                        2,838,175
<SHARES-COMMON-PRIOR>                        2,977,684
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                        (73,770)
<ACCUMULATED-NET-GAINS>                     15,197,104
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    13,136,833
<NET-ASSETS>                               110,690,892
<DIVIDEND-INCOME>                            1,760,884
<INTEREST-INCOME>                            1,273,213
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,314,263
<NET-INVESTMENT-INCOME>                      1,719,834
<REALIZED-GAINS-CURRENT>                    15,234,292
<APPREC-INCREASE-CURRENT>                    2,941,031
<NET-CHANGE-FROM-OPS>                       19,895,157
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (914,329)
<DISTRIBUTIONS-OF-GAINS>                     (472,914)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        887,078
<NUMBER-OF-SHARES-REDEEMED>                (1,135,981)
<SHARES-REINVESTED>                            109,394
<NET-CHANGE-IN-ASSETS>                      21,040,878
<ACCUMULATED-NII-PRIOR>                        322,548
<ACCUMULATED-GAINS-PRIOR>                    1,165,002
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          649,578
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,582,221
<AVERAGE-NET-ASSETS>                        99,935,077
<PER-SHARE-NAV-BEGIN>                            11.70
<PER-SHARE-NII>                                   0.26
<PER-SHARE-GAIN-APPREC>                           2.36
<PER-SHARE-DIVIDEND>                            (0.31)
<PER-SHARE-DISTRIBUTIONS>                       (0.16)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.85
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 034
   <NAME> STATE STREET RESEARCH EQUITY INCOME FUND CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       98,395,817
<INVESTMENTS-AT-VALUE>                     111,532,650
<RECEIVABLES>                                  996,396
<ASSETS-OTHER>                                   6,769
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             112,535,815
<PAYABLE-FOR-SECURITIES>                     1,468,875
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      376,048
<TOTAL-LIABILITIES>                          1,844,923
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    82,430,725
<SHARES-COMMON-STOCK>                          100,310
<SHARES-COMMON-PRIOR>                          116,997
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                        (73,770)
<ACCUMULATED-NET-GAINS>                     15,197,104
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    13,136,833
<NET-ASSETS>                               110,690,892
<DIVIDEND-INCOME>                            1,760,884
<INTEREST-INCOME>                            1,273,213
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,314,263
<NET-INVESTMENT-INCOME>                      1,719,834
<REALIZED-GAINS-CURRENT>                    15,234,292
<APPREC-INCREASE-CURRENT>                    2,941,031
<NET-CHANGE-FROM-OPS>                       19,895,157
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (17,808)
<DISTRIBUTIONS-OF-GAINS>                      (18,976)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         46,515
<NUMBER-OF-SHARES-REDEEMED>                   (65,543)
<SHARES-REINVESTED>                              2,341
<NET-CHANGE-IN-ASSETS>                      21,040,878
<ACCUMULATED-NII-PRIOR>                        322,548
<ACCUMULATED-GAINS-PRIOR>                    1,165,002
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          649,578
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,582,221
<AVERAGE-NET-ASSETS>                        99,935,077
<PER-SHARE-NAV-BEGIN>                            11.67
<PER-SHARE-NII>                                   0.13
<PER-SHARE-GAIN-APPREC>                           2.37
<PER-SHARE-DIVIDEND>                            (0.19)
<PER-SHARE-DISTRIBUTIONS>                       (0.16)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.82
<EXPENSE-RATIO>                                   2.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 041
   <NAME> STATE STREET RESEARCH GLOBAL RESOURCES FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       40,954,671
<INVESTMENTS-AT-VALUE>                      55,057,934
<RECEIVABLES>                                  114,734
<ASSETS-OTHER>                                  13,493
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              55,186,161
<PAYABLE-FOR-SECURITIES>                       305,513
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      322,672
<TOTAL-LIABILITIES>                            628,185
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    40,500,637
<SHARES-COMMON-STOCK>                        1,774,718
<SHARES-COMMON-PRIOR>                        2,112,869
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                      (45,924)
<ACCUM-APPREC-OR-DEPREC>                    14,103,263
<NET-ASSETS>                                54,557,976
<DIVIDEND-INCOME>                               73,874
<INTEREST-INCOME>                               44,605
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 798,226
<NET-INVESTMENT-INCOME>                      (679,747)
<REALIZED-GAINS-CURRENT>                     4,871,429
<APPREC-INCREASE-CURRENT>                   11,106,956
<NET-CHANGE-FROM-OPS>                       15,298,638
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        723,940
<NUMBER-OF-SHARES-REDEEMED>                (1,062,091)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      16,198,988
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                 (4,928,307)
<GROSS-ADVISORY-FEES>                          307,977
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                935,276
<AVERAGE-NET-ASSETS>                        41,063,600
<PER-SHARE-NAV-BEGIN>                            12.16
<PER-SHARE-NII>                                 (0.20)
<PER-SHARE-GAIN-APPREC>                           5.48
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.44
<EXPENSE-RATIO>                                   1.75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 042
   <NAME> STATE STREET RESEARCH GLOBAL RESOURCES FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       40,954,671
<INVESTMENTS-AT-VALUE>                      55,057,934
<RECEIVABLES>                                  114,734
<ASSETS-OTHER>                                  13,493
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              55,186,161
<PAYABLE-FOR-SECURITIES>                       305,513
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      322,672
<TOTAL-LIABILITIES>                            628,185
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    40,500,637
<SHARES-COMMON-STOCK>                          749,379
<SHARES-COMMON-PRIOR>                          584,193
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                      (45,924)
<ACCUM-APPREC-OR-DEPREC>                    14,103,263
<NET-ASSETS>                                54,557,976
<DIVIDEND-INCOME>                               73,874
<INTEREST-INCOME>                               44,605
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 798,226
<NET-INVESTMENT-INCOME>                      (679,747)
<REALIZED-GAINS-CURRENT>                     4,871,429
<APPREC-INCREASE-CURRENT>                   11,106,956
<NET-CHANGE-FROM-OPS>                       15,298,638
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        438,451
<NUMBER-OF-SHARES-REDEEMED>                  (273,265)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      16,198,988
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                 (4,928,307)
<GROSS-ADVISORY-FEES>                          307,977
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                935,276
<AVERAGE-NET-ASSETS>                        41,063,600
<PER-SHARE-NAV-BEGIN>                            12.03
<PER-SHARE-NII>                                 (0.30)
<PER-SHARE-GAIN-APPREC>                           5.39
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.12
<EXPENSE-RATIO>                                   2.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 043
   <NAME> STATE STREET RESEARCH GLOBAL RESOURCES FUND CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       40,954,671
<INVESTMENTS-AT-VALUE>                      55,057,934
<RECEIVABLES>                                  114,734
<ASSETS-OTHER>                                  13,493
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              55,186,161
<PAYABLE-FOR-SECURITIES>                       305,513
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      322,672
<TOTAL-LIABILITIES>                            628,185
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    40,500,637
<SHARES-COMMON-STOCK>                          319,218
<SHARES-COMMON-PRIOR>                          267,853
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                      (45,924)
<ACCUM-APPREC-OR-DEPREC>                    14,103,263
<NET-ASSETS>                                54,557,976
<DIVIDEND-INCOME>                               73,874
<INTEREST-INCOME>                               44,605
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 798,226
<NET-INVESTMENT-INCOME>                      (679,747)
<REALIZED-GAINS-CURRENT>                     4,871,429
<APPREC-INCREASE-CURRENT>                   11,106,956
<NET-CHANGE-FROM-OPS>                       15,298,638
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        354,475
<NUMBER-OF-SHARES-REDEEMED>                  (303,110)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      16,198,988
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                 (4,928,307)
<GROSS-ADVISORY-FEES>                          307,977
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                935,276
<AVERAGE-NET-ASSETS>                        41,063,600
<PER-SHARE-NAV-BEGIN>                            12.27
<PER-SHARE-NII>                                 (0.17)
<PER-SHARE-GAIN-APPREC>                           5.54
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.64
<EXPENSE-RATIO>                                   1.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 044
   <NAME> STATE STREET RESEARCH GLOBAL RESOURCES FUND CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       40,954,671
<INVESTMENTS-AT-VALUE>                      55,057,934
<RECEIVABLES>                                  114,734
<ASSETS-OTHER>                                  13,493
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              55,186,161
<PAYABLE-FOR-SECURITIES>                       305,513
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      322,672
<TOTAL-LIABILITIES>                            628,185
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    40,500,637
<SHARES-COMMON-STOCK>                          301,437
<SHARES-COMMON-PRIOR>                          195,480
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                      (45,924)
<ACCUM-APPREC-OR-DEPREC>                    14,103,263
<NET-ASSETS>                                54,557,976
<DIVIDEND-INCOME>                               73,874
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