U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
Read instructions at end of Form before preparing
Form. Please print or type.
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1. Name and address of issuer:
State Street Research Equity Trust
One Financial Center
Boston, MA 02111
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2. Name of each series or class of funds for which this notice is filed:
State Street Research Capital Appreciation Fund
State Street Research Equity Income Fund
State Street Research Equity Investment Fund
State Street Research Global Resources Fund
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3. Investment Company Act File Number: 811-4624
Securities Act File Number: 33-4296
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4. Last day of fiscal year for which this notice is filed: June 30, 1996
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5. Check box if this notice is being filed more than 180 days after the close
of the issuer's fiscal year for purposes of reporting securities sold
after the close of the fiscal year but before termination of the issuer's
24f-2 declaration:
[ ]
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6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see Instruction A.6):
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7. Number and amount of securities of the same class or series which had been
registered under the Securities Act of 1933 other than pursuant to rule
24f-2 in a prior fiscal year, but which remained unsold at the beginning
of the fiscal year:
State Street Research Capital Appreciation Fund shares 0
State Street Research Equity Income Fund shares 0
State Street Research Equity Investment Fund shares 0
State Street Research Global Resources Fund shares 0
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8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
State Street Research Capital Appreciation Fund shares 0
State Street Research Equity Income Fund shares 0
State Street Research Equity Investment Fund shares 0
State Street Research Global Resources Fund shares 0
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9. Number and aggregate sale price of securities sold during the fiscal year:
Number of securities sold:
State Street Research Capital Appreciation Fund shares 23,138,431
State Street Research Equity Income Fund shares 2,103,069
State Street Research Equity Investment Fund shares 2,544,524
State Street Research Global Resources Fund shares 1,727,085
Aggregate sale price of securities sold:
State Street Research Capital Appreciation Fund shares $282,551,115
State Street Research Equity Income Fund shares 27,383,063
State Street Research Equity Investment Fund shares 40,507,215
State Street Research Global Resources Fund shares 25,423,893
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$375,865,286
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10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
Number of securities sold:
State Street Research Capital Appreciation Fund shares 23,138,431
State Street Research Equity Income Fund shares 2,103,069
State Street Research Equity Investment Fund shares 2,544,524
State Street Research Global Resources Fund shares 1,727,085
Aggregate sale price of securities sold:
State Street Research Capital Appreciation Fund shares $282,551,115
State Street Research Equity Income Fund shares 27,383,063
State Street Research Equity Investment Fund shares 40,507,215
State Street Research Global Resources Fund shares 25,423,893
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$375,865,286
============
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<PAGE>
11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend reinvestment plans, if applicable (see
Instruction B.7):
Number of securities issued:
State Street Research Capital Appreciation Fund shares 5,434,318
State Street Research Equity Income Fund shares 249,140
State Street Research Equity Investment Fund shares 318,423
State Street Research Global Resources Fund shares 0
Aggregate sale price of securities issued:
State Street Research Capital Appreciation Fund shares $59,696,971
State Street Research Equity Income Fund shares 3,157,488
State Street Research Equity Investment Fund shares 4,764,852
State Street Research Global Resources Fund shares 0
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$67,619,311
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12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the
fiscal year in reliance on rule 24f-2 (from Item 10):$ 375,865,286
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(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if
applicable): + 67,619,311
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(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): - 245,494,577
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(iv) Aggregate price of shares redeemed or repurchased and
previously applied as a reduction to filing fees
pursuant to rule 24e-2 (if applicable): + 0
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(v) Net aggregate price of securities sold and issued
during the fiscal year in reliance on rule 24f-2
[line (i), plus line (ii), less line (iii), plus line
(iv)] (if applicable): 197,990,020
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(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law or
regulation (see Instruction C.6): x 1/2900
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(vii) Fee due [line (i) or line (v) multiplied by line (vi)] $ 68,273
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Instruction: Issuers should complete lines (ii), (iii), (iv), and (v) only if
the form is being filed within 60 days after the close of the
issuer's fiscal year. See Instruction C.3.
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13. Check box if fees are being remitted to the Commission's lockbox
depository as described in section 3a of the Commission's Rules of
Informal and Other Procedures (17 CFR 202.3a).
[X]
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:
August 23, 1996
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SIGNATURES
This report has been signed below by the following persons on behalf of
the issuer and in the capacities and on the dates indicated.
By (Signature and Title)* /s/ Amy L. Simmons
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Amy L. Simmons, Assistant Secretary
Date August 27, 1996
*Please print the name and title of the signing officer below the
signature.
Letter
[letterhead of Goodwin, Procter & Hoar, Counsellors at Law,
Exchange Place, Boston, MA 02109-2881]
August 27, 1996
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Rule 24f-2 Notice for State Street Research Equity Trust
Securities Act File No. 33-4296
Investment Company Act File No. 811-4624
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Ladies and Gentlemen:
As counsel to State Street Research Equity Trust (the "Registrant"), we
have been requested to render this opinion in connection with the filing by the
Registrant of a Rule 24f-2 Notice on Form 24F-2 with respect to its fiscal year
ended June 30, 1996.
Reference is made to Item 10 of such Notice wherein the Registrant
reports the number of shares (the "Shares") representing interests in State
Street Research Capital Appreciation Fund, State Street Research Equity Income
Fund, State Street Research Equity Investment Fund and State Street Research
Global Resources Fund, each a series of the Registrant, sold during the fiscal
year ended June 30, 1996 in reliance upon Rule 24f-2 under the Investment
Company Act of 1940, as amended.
We have examined the Registrant's First Amended and Restated Master
Trust Agreement dated June 1, 1993, as amended, the By-Laws of the Registrant,
as amended, the Rule 24f-2 Notice of the Registrant dated August 27, 1996,
certain resolutions adopted by the Trustees of the Registrant, and such other
documents as we deemed necessary for purposes of this opinion.
We have made such examination of Massachusetts law as in our judgment
is necessary and appropriate for the purposes of this opinion. Members of this
firm are admitted to practice in the Commonwealth of Massachusetts and certain
other jurisdictions; however, we render no opinion herein with respect to the
laws of any jurisdiction other than the Commonwealth of Massachusetts. Nothing
contained herein shall be deemed to be an opinion as to any law other than the
laws of the Commonwealth of Massachusetts.
Anything in this opinion to the contrary notwithstanding, we render or
imply no opinion with respect to compliance with any applicable securities or
anti-fraud statutes, rules,
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Securities and Exchange Commission
August 27, 1996
Page 2
regulations or other similar laws of any state (including Massachusetts) or the
United States of America.
Based upon the foregoing, and assuming that all of the Shares were
sold, issued and paid for in accordance with the terms of the applicable
Prospectus and Statement of Additional Information contained in the Registrant's
Registration Statement on Form N-1A in effect at the time of sale, in our
opinion the Shares were legally issued and fully paid and non-assessable by the
Registrant.
Very truly yours,
/s/ Goodwin, Procter & Hoar LLP
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GOODWIN, PROCTER & HOAR LLP
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