STATE STREET RESEARCH EQUITY TRUST
NSAR-A, 1997-02-28
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<PAGE>      PAGE  1
000 A000000 12/31/96
000 C000000 0000790941
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 STATE STREET RESEARCH EQUITY TRUST
001 B000000 811-4624
001 C000000 6173571200
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
007 B000000  4
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
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020 A000002 CS FIRST BOSTON CORP
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<PAGE>      PAGE  2
020 A000003 DONALDSON, LUFKIN & JENRETTE SECURITIES
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020 C000005    108
020 A000006 MONTGOMERY SECURITIES
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020 C000007     86
020 A000008 SALOMON BROTHERS INC.
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020 C000008     76
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020 B000009 13-3224016
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  17
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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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<NUMBER-OF-SHARES-REDEEMED>                (3,615,853)
<SHARES-REINVESTED>                          1,495,279
<NET-CHANGE-IN-ASSETS>                    (22,291,698)
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<ACCUMULATED-GAINS-PRIOR>                   15,502,627
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,738,556
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,516,426
<AVERAGE-NET-ASSETS>                       730,281,600
<PER-SHARE-NAV-BEGIN>                            12.76
<PER-SHARE-NII>                                 (0.05)
<PER-SHARE-GAIN-APPREC>                         (0.85)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.55)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.31
<EXPENSE-RATIO>                                   1.38
<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>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               DEC-31-1996
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<INVESTMENTS-AT-VALUE>                     718,970,159
<RECEIVABLES>                                9,088,780
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<PAYABLE-FOR-SECURITIES>                     6,493,457
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,940,798
<TOTAL-LIABILITIES>                          8,434,255
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   615,309,968
<SHARES-COMMON-STOCK>                       16,304,104
<SHARES-COMMON-PRIOR>                       13,791,209
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     20,780,997
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    83,624,685
<NET-ASSETS>                               719,715,650
<DIVIDEND-INCOME>                            1,178,983
<INTEREST-INCOME>                              725,783
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<NET-INVESTMENT-INCOME>                    (3,611,660)
<REALIZED-GAINS-CURRENT>                    38,651,768
<APPREC-INCREASE-CURRENT>                 (87,454,221)
<NET-CHANGE-FROM-OPS>                     (52,414,113)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (8,308,403)
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<NUMBER-OF-SHARES-REDEEMED>                (1,264,332)
<SHARES-REINVESTED>                            735,944
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<ACCUMULATED-GAINS-PRIOR>                   15,502,627
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                        2,738,556
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,516,426
<AVERAGE-NET-ASSETS>                       730,281,600
<PER-SHARE-NAV-BEGIN>                            12.49
<PER-SHARE-NII>                                 (0.09)
<PER-SHARE-GAIN-APPREC>                         (0.84)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.55)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.01
<EXPENSE-RATIO>                                   2.13
<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 FUND CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      635,345,474
<INVESTMENTS-AT-VALUE>                     718,970,159
<RECEIVABLES>                                9,088,780
<ASSETS-OTHER>                                  90,966
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             728,149,905
<PAYABLE-FOR-SECURITIES>                     6,493,457
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,940,798
<TOTAL-LIABILITIES>                          8,434,255
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   615,309,968
<SHARES-COMMON-STOCK>                       13,957,449
<SHARES-COMMON-PRIOR>                       12,954,795
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     20,780,997
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                               719,715,650
<DIVIDEND-INCOME>                            1,178,983
<INTEREST-INCOME>                              725,783
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<EXPENSES-NET>                               5,516,426
<NET-INVESTMENT-INCOME>                    (3,611,660)
<REALIZED-GAINS-CURRENT>                    38,651,768
<APPREC-INCREASE-CURRENT>                 (87,454,221)
<NET-CHANGE-FROM-OPS>                     (52,414,113)
<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                   (7,364,058)
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<NUMBER-OF-SHARES-REDEEMED>                (2,515,378)
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<NET-CHANGE-IN-ASSETS>                    (22,291,698)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   15,502,627
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,738,556
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,516,426
<AVERAGE-NET-ASSETS>                       730,281,600
<PER-SHARE-NAV-BEGIN>                            12.94
<PER-SHARE-NII>                                 (0.04)
<PER-SHARE-GAIN-APPREC>                         (0.86)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.55)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.49
<EXPENSE-RATIO>                                   1.13
<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>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      635,345,474
<INVESTMENTS-AT-VALUE>                     718,970,159
<RECEIVABLES>                                9,088,780
<ASSETS-OTHER>                                  90,966
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             728,149,905
<PAYABLE-FOR-SECURITIES>                     6,493,457
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,940,798
<TOTAL-LIABILITIES>                          8,434,255
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   615,309,968
<SHARES-COMMON-STOCK>                          472,505
<SHARES-COMMON-PRIOR>                          568,664
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     20,780,997
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    83,624,685
<NET-ASSETS>                               719,715,650
<DIVIDEND-INCOME>                            1,178,983
<INTEREST-INCOME>                              725,783
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               5,516,426
<NET-INVESTMENT-INCOME>                    (3,611,660)
<REALIZED-GAINS-CURRENT>                    38,651,768
<APPREC-INCREASE-CURRENT>                 (87,454,221)
<NET-CHANGE-FROM-OPS>                     (52,414,113)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     (258,802)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        521,815
<NUMBER-OF-SHARES-REDEEMED>                  (639,965)
<SHARES-REINVESTED>                             21,991
<NET-CHANGE-IN-ASSETS>                    (22,291,698)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   15,502,627
<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
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<AVERAGE-NET-ASSETS>                       730,281,600
<PER-SHARE-NAV-BEGIN>                            12.52
<PER-SHARE-NII>                                 (0.09)
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<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.55)
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<PER-SHARE-NAV-END>                              11.05
<EXPENSE-RATIO>                                   2.13
<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>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      108,655,820
<INVESTMENTS-AT-VALUE>                     135,893,447
<RECEIVABLES>                                  720,241
<ASSETS-OTHER>                                   8,442
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             136,622,130
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      258,430
<TOTAL-LIABILITIES>                            258,430
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   104,403,163
<SHARES-COMMON-STOCK>                        2,635,958
<SHARES-COMMON-PRIOR>                        2,306,216
<ACCUMULATED-NII-CURRENT>                      499,023
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      4,223,887
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    27,237,627
<NET-ASSETS>                               136,363,700
<DIVIDEND-INCOME>                              923,914
<INTEREST-INCOME>                              151,032
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 756,830
<NET-INVESTMENT-INCOME>                        318,116
<REALIZED-GAINS-CURRENT>                    10,934,036
<APPREC-INCREASE-CURRENT>                      742,649
<NET-CHANGE-FROM-OPS>                       11,994,801
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (150,089)
<DISTRIBUTIONS-OF-GAINS>                   (4,782,504)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        202,373
<NUMBER-OF-SHARES-REDEEMED>                  (170,345)
<SHARES-REINVESTED>                            297,714
<NET-CHANGE-IN-ASSETS>                      12,827,163
<ACCUMULATED-NII-PRIOR>                        671,546
<ACCUMULATED-GAINS-PRIOR>                    7,707,953
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          406,635
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                856,083
<AVERAGE-NET-ASSETS>                       125,118,462
<PER-SHARE-NAV-BEGIN>                            17.04
<PER-SHARE-NII>                                   0.04
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<PER-SHARE-DIVIDEND>                            (0.06)
<PER-SHARE-DISTRIBUTIONS>                       (1.99)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.60
<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>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      108,655,820
<INVESTMENTS-AT-VALUE>                     135,893,447
<RECEIVABLES>                                  720,241
<ASSETS-OTHER>                                   8,442
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             136,622,130
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      258,430
<TOTAL-LIABILITIES>                            258,430
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   104,403,163
<SHARES-COMMON-STOCK>                        1,074,159
<SHARES-COMMON-PRIOR>                          777,751
<ACCUMULATED-NII-CURRENT>                      499,023
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      4,223,887
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    27,237,627
<NET-ASSETS>                               136,363,700
<DIVIDEND-INCOME>                              923,914
<INTEREST-INCOME>                              151,032
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 756,830
<NET-INVESTMENT-INCOME>                        318,116
<REALIZED-GAINS-CURRENT>                    10,934,036
<APPREC-INCREASE-CURRENT>                      742,649
<NET-CHANGE-FROM-OPS>                       11,994,801
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (1,764,902)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        260,065
<NUMBER-OF-SHARES-REDEEMED>                   (71,980)
<SHARES-REINVESTED>                            108,323
<NET-CHANGE-IN-ASSETS>                      12,827,163
<ACCUMULATED-NII-PRIOR>                        671,546
<ACCUMULATED-GAINS-PRIOR>                    7,707,953
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                856,083
<AVERAGE-NET-ASSETS>                       125,118,462
<PER-SHARE-NAV-BEGIN>                            16.88
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                           1.55
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.99)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.42
<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>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      108,655,820
<INVESTMENTS-AT-VALUE>                     135,893,447
<RECEIVABLES>                                  720,241
<ASSETS-OTHER>                                   8,442
<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      258,430
<TOTAL-LIABILITIES>                            258,430
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   104,403,163
<SHARES-COMMON-STOCK>                        4,454,883
<SHARES-COMMON-PRIOR>                        4,121,645
<ACCUMULATED-NII-CURRENT>                      499,023
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<ACCUMULATED-NET-GAINS>                      4,223,887
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    27,237,627
<NET-ASSETS>                               136,363,700
<DIVIDEND-INCOME>                              923,914
<INTEREST-INCOME>                              151,032
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 756,830
<NET-INVESTMENT-INCOME>                        318,116
<REALIZED-GAINS-CURRENT>                    10,934,036
<APPREC-INCREASE-CURRENT>                      742,649
<NET-CHANGE-FROM-OPS>                       11,994,801
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (340,550)
<DISTRIBUTIONS-OF-GAINS>                   (7,753,956)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,034,409
<NUMBER-OF-SHARES-REDEEMED>                (1,203,245)
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<ACCUMULATED-NII-PRIOR>                        671,546
<ACCUMULATED-GAINS-PRIOR>                    7,707,953
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                          406,635
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                856,083
<AVERAGE-NET-ASSETS>                       125,118,462
<PER-SHARE-NAV-BEGIN>                            17.03
<PER-SHARE-NII>                                   0.06
<PER-SHARE-GAIN-APPREC>                           1.56
<PER-SHARE-DIVIDEND>                            (0.08)
<PER-SHARE-DISTRIBUTIONS>                       (1.99)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.58
<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>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      108,655,820
<INVESTMENTS-AT-VALUE>                     135,893,447
<RECEIVABLES>                                  720,241
<ASSETS-OTHER>                                   8,442
<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      258,430
<TOTAL-LIABILITIES>                            258,430
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   104,403,163
<SHARES-COMMON-STOCK>                           66,592
<SHARES-COMMON-PRIOR>                           55,166
<ACCUMULATED-NII-CURRENT>                      499,023
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      4,223,887
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    27,237,627
<NET-ASSETS>                               136,363,700
<DIVIDEND-INCOME>                              923,914
<INTEREST-INCOME>                              151,032
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 756,830
<NET-INVESTMENT-INCOME>                        318,116
<REALIZED-GAINS-CURRENT>                    10,934,036
<APPREC-INCREASE-CURRENT>                      742,649
<NET-CHANGE-FROM-OPS>                       11,994,801
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     (116,740)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          5,646
<NUMBER-OF-SHARES-REDEEMED>                    (1,286)
<SHARES-REINVESTED>                              7,066
<NET-CHANGE-IN-ASSETS>                      12,827,163
<ACCUMULATED-NII-PRIOR>                        671,546
<ACCUMULATED-GAINS-PRIOR>                    7,707,953
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          406,635
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                856,083
<AVERAGE-NET-ASSETS>                       125,118,462
<PER-SHARE-NAV-BEGIN>                            16.87
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                           1.55
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.99)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.41
<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>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      127,665,978
<INVESTMENTS-AT-VALUE>                     147,040,875
<RECEIVABLES>                                4,032,189
<ASSETS-OTHER>                                   4,650
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             151,077,714
<PAYABLE-FOR-SECURITIES>                     3,045,595
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      607,638
<TOTAL-LIABILITIES>                          3,653,233
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   119,631,430
<SHARES-COMMON-STOCK>                        3,981,630
<SHARES-COMMON-PRIOR>                        3,209,801
<ACCUMULATED-NII-CURRENT>                      265,428
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      8,152,726
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    19,374,897
<NET-ASSETS>                               147,424,481
<DIVIDEND-INCOME>                            1,306,936
<INTEREST-INCOME>                            1,119,004
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 846,391
<NET-INVESTMENT-INCOME>                      1,579,549
<REALIZED-GAINS-CURRENT>                     9,115,182
<APPREC-INCREASE-CURRENT>                    6,238,064
<NET-CHANGE-FROM-OPS>                       16,932,795
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (536,516)
<DISTRIBUTIONS-OF-GAINS>                   (6,343,780)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        471,272
<NUMBER-OF-SHARES-REDEEMED>                  (234,929)
<SHARES-REINVESTED>                            535,486
<NET-CHANGE-IN-ASSETS>                      36,733,589
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   15,197,104
<OVERDISTRIB-NII-PRIOR>                       (73,770)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          403,012
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                962,331
<AVERAGE-NET-ASSETS>                       124,003,692
<PER-SHARE-NAV-BEGIN>                            13.85
<PER-SHARE-NII>                                   0.17
<PER-SHARE-GAIN-APPREC>                           1.52
<PER-SHARE-DIVIDEND>                            (0.14)
<PER-SHARE-DISTRIBUTIONS>                       (1.94)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.46
<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>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      127,665,978
<INVESTMENTS-AT-VALUE>                     147,040,875
<RECEIVABLES>                                4,032,189
<ASSETS-OTHER>                                   4,650
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             151,077,714
<PAYABLE-FOR-SECURITIES>                     3,045,595
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      607,638
<TOTAL-LIABILITIES>                          3,653,233
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   119,631,430
<SHARES-COMMON-STOCK>                        2,958,652
<SHARES-COMMON-PRIOR>                        1,848,643
<ACCUMULATED-NII-CURRENT>                      265,428
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      8,152,726
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    19,374,897
<NET-ASSETS>                               147,424,481
<DIVIDEND-INCOME>                            1,306,936
<INTEREST-INCOME>                            1,119,004
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 846,391
<NET-INVESTMENT-INCOME>                      1,579,549
<REALIZED-GAINS-CURRENT>                     9,115,182
<APPREC-INCREASE-CURRENT>                    6,238,064
<NET-CHANGE-FROM-OPS>                       16,932,795
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (119,998)
<DISTRIBUTIONS-OF-GAINS>                   (3,973,081)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        973,017
<NUMBER-OF-SHARES-REDEEMED>                  (168,791)
<SHARES-REINVESTED>                            305,783
<NET-CHANGE-IN-ASSETS>                      36,733,589
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   15,197,104
<OVERDISTRIB-NII-PRIOR>                       (73,770)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          403,012
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                962,331
<AVERAGE-NET-ASSETS>                       124,003,692
<PER-SHARE-NAV-BEGIN>                            13.82
<PER-SHARE-NII>                                   0.12
<PER-SHARE-GAIN-APPREC>                           1.51
<PER-SHARE-DIVIDEND>                            (0.10)
<PER-SHARE-DISTRIBUTIONS>                       (1.94)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.41
<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>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      127,665,978
<INVESTMENTS-AT-VALUE>                     147,040,875
<RECEIVABLES>                                4,032,189
<ASSETS-OTHER>                                   4,650
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             151,077,714
<PAYABLE-FOR-SECURITIES>                     3,045,595
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      607,638
<TOTAL-LIABILITIES>                          3,653,233
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   119,631,430
<SHARES-COMMON-STOCK>                        3,771,022
<SHARES-COMMON-PRIOR>                        2,838,175
<ACCUMULATED-NII-CURRENT>                      265,428
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      8,152,726
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    19,374,897
<NET-ASSETS>                               147,424,481
<DIVIDEND-INCOME>                            1,306,936
<INTEREST-INCOME>                            1,119,004
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 846,391
<NET-INVESTMENT-INCOME>                      1,579,549
<REALIZED-GAINS-CURRENT>                     9,115,182
<APPREC-INCREASE-CURRENT>                    6,238,064
<NET-CHANGE-FROM-OPS>                       16,932,795
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (564,985)
<DISTRIBUTIONS-OF-GAINS>                   (5,623,211)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        876,931
<NUMBER-OF-SHARES-REDEEMED>                  (458,246)
<SHARES-REINVESTED>                            514,162
<NET-CHANGE-IN-ASSETS>                      36,733,589
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   15,197,104
<OVERDISTRIB-NII-PRIOR>                       (73,770)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          403,012
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                962,331
<AVERAGE-NET-ASSETS>                       124,003,692
<PER-SHARE-NAV-BEGIN>                            13.85
<PER-SHARE-NII>                                   0.19
<PER-SHARE-GAIN-APPREC>                           1.52
<PER-SHARE-DIVIDEND>                            (0.16)
<PER-SHARE-DISTRIBUTIONS>                       (1.94)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.46
<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>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      127,665,978
<INVESTMENTS-AT-VALUE>                     147,040,875
<RECEIVABLES>                                4,032,189
<ASSETS-OTHER>                                   4,650
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             151,077,714
<PAYABLE-FOR-SECURITIES>                     3,045,595
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      607,638
<TOTAL-LIABILITIES>                          3,653,233
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   119,631,430
<SHARES-COMMON-STOCK>                          253,182
<SHARES-COMMON-PRIOR>                          100,310
<ACCUMULATED-NII-CURRENT>                      265,428
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      8,152,726
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    19,374,897
<NET-ASSETS>                               147,424,481
<DIVIDEND-INCOME>                            1,306,936
<INTEREST-INCOME>                            1,119,004
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 846,391
<NET-INVESTMENT-INCOME>                      1,579,549
<REALIZED-GAINS-CURRENT>                     9,115,182
<APPREC-INCREASE-CURRENT>                    6,238,064
<NET-CHANGE-FROM-OPS>                       16,932,795
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (18,852)
<DISTRIBUTIONS-OF-GAINS>                     (219,488)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        181,000
<NUMBER-OF-SHARES-REDEEMED>                   (46,680)
<SHARES-REINVESTED>                             18,552
<NET-CHANGE-IN-ASSETS>                      36,733,589
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   15,197,104
<OVERDISTRIB-NII-PRIOR>                       (73,770)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          403,012
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                962,331
<AVERAGE-NET-ASSETS>                       124,003,692
<PER-SHARE-NAV-BEGIN>                            13.82
<PER-SHARE-NII>                                   0.12
<PER-SHARE-GAIN-APPREC>                           1.50
<PER-SHARE-DIVIDEND>                            (0.10)
<PER-SHARE-DISTRIBUTIONS>                       (1.94)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.40
<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>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                       91,172,462
<INVESTMENTS-AT-VALUE>                     120,238,393
<RECEIVABLES>                                1,591,455
<ASSETS-OTHER>                                  12,971
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             121,842,819
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      916,220
<TOTAL-LIABILITIES>                            916,220
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    89,550,217
<SHARES-COMMON-STOCK>                        2,639,602
<SHARES-COMMON-PRIOR>                        1,774,718
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      2,310,451
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    29,065,931
<NET-ASSETS>                               120,926,599
<DIVIDEND-INCOME>                               75,949
<INTEREST-INCOME>                              202,296
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 733,863
<NET-INVESTMENT-INCOME>                      (455,618)
<REALIZED-GAINS-CURRENT>                     6,317,090
<APPREC-INCREASE-CURRENT>                   14,962,668
<NET-CHANGE-FROM-OPS>                       20,824,140
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (1,856,662)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,628,733
<NUMBER-OF-SHARES-REDEEMED>                  (846,738)
<SHARES-REINVESTED>                             82,889
<NET-CHANGE-IN-ASSETS>                      66,368,623
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                    (45,924)
<GROSS-ADVISORY-FEES>                          309,151
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                737,796
<AVERAGE-NET-ASSETS>                        82,440,267
<PER-SHARE-NAV-BEGIN>                            17.44
<PER-SHARE-NII>                                 (0.08)
<PER-SHARE-GAIN-APPREC>                           5.05
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.76)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.65
<EXPENSE-RATIO>                                   1.52
<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>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                       91,172,462
<INVESTMENTS-AT-VALUE>                     120,238,393
<RECEIVABLES>                                1,591,455
<ASSETS-OTHER>                                  12,971
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             121,842,819
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      916,220
<TOTAL-LIABILITIES>                            916,220
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    89,550,217
<SHARES-COMMON-STOCK>                        1,726,145
<SHARES-COMMON-PRIOR>                          749,379
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      2,310,451
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    29,065,931
<NET-ASSETS>                               120,926,599
<DIVIDEND-INCOME>                               75,949
<INTEREST-INCOME>                              202,296
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 733,863
<NET-INVESTMENT-INCOME>                      (455,618)
<REALIZED-GAINS-CURRENT>                     6,317,090
<APPREC-INCREASE-CURRENT>                   14,962,668
<NET-CHANGE-FROM-OPS>                       20,824,140
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (1,169,720)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,036,961
<NUMBER-OF-SHARES-REDEEMED>                  (111,849)
<SHARES-REINVESTED>                             51,654
<NET-CHANGE-IN-ASSETS>                      66,368,623
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                    (45,924)
<GROSS-ADVISORY-FEES>                          309,151
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                737,796
<AVERAGE-NET-ASSETS>                        82,440,267
<PER-SHARE-NAV-BEGIN>                            17.12
<PER-SHARE-NII>                                 (0.15)
<PER-SHARE-GAIN-APPREC>                           4.95
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.76)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.16
<EXPENSE-RATIO>                                   2.27
<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>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                       91,172,462
<INVESTMENTS-AT-VALUE>                     120,238,393
<RECEIVABLES>                                1,591,455
<ASSETS-OTHER>                                  12,971
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             121,842,819
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      916,220
<TOTAL-LIABILITIES>                            916,220
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    89,550,217
<SHARES-COMMON-STOCK>                          446,775
<SHARES-COMMON-PRIOR>                          319,218
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      2,310,451
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    29,065,931
<NET-ASSETS>                               120,926,599
<DIVIDEND-INCOME>                               75,949
<INTEREST-INCOME>                              202,296
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 733,863
<NET-INVESTMENT-INCOME>                      (455,618)
<REALIZED-GAINS-CURRENT>                     6,317,090
<APPREC-INCREASE-CURRENT>                   14,962,668
<NET-CHANGE-FROM-OPS>                       20,824,140
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     (352,673)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        381,766
<NUMBER-OF-SHARES-REDEEMED>                  (269,106)
<SHARES-REINVESTED>                             14,897
<NET-CHANGE-IN-ASSETS>                      66,368,623
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                    (45,924)
<GROSS-ADVISORY-FEES>                          309,151
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                737,796
<AVERAGE-NET-ASSETS>                        82,440,267
<PER-SHARE-NAV-BEGIN>                            17.64
<PER-SHARE-NII>                                 (0.06)
<PER-SHARE-GAIN-APPREC>                           5.12
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.76)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.94
<EXPENSE-RATIO>                                   1.27
<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>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                       91,172,462
<INVESTMENTS-AT-VALUE>                     120,238,393
<RECEIVABLES>                                1,591,455
<ASSETS-OTHER>                                  12,971
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             121,842,819
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      916,220
<TOTAL-LIABILITIES>                            916,220
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    89,550,217
<SHARES-COMMON-STOCK>                          826,517
<SHARES-COMMON-PRIOR>                          301,437
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      2,310,451
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    29,065,931
<NET-ASSETS>                               120,926,599
<DIVIDEND-INCOME>                               75,949
<INTEREST-INCOME>                              202,296
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 733,863
<NET-INVESTMENT-INCOME>                      (455,618)
<REALIZED-GAINS-CURRENT>                     6,317,090
<APPREC-INCREASE-CURRENT>                   14,962,668
<NET-CHANGE-FROM-OPS>                       20,824,140
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     (581,660)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        754,013
<NUMBER-OF-SHARES-REDEEMED>                  (254,598)
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<ACCUMULATED-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                737,796
<AVERAGE-NET-ASSETS>                        82,440,267
<PER-SHARE-NAV-BEGIN>                            17.10
<PER-SHARE-NII>                                 (0.15)
<PER-SHARE-GAIN-APPREC>                           4.93
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.76)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.12
<EXPENSE-RATIO>                                   2.27
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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