STATE STREET RESEARCH EQUITY TRUST
NSAR-B, 1997-08-27
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<PAGE>      PAGE  1
000 B000000 06/30/97
000 C000000 0000790941
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001 A000000 STATE STREET RESEARCH EQUITY TRUST
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001 C000000 6173571200
002 A000000 ONE FINANCIAL CENTER
002 B000000 BOSTON
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004  000000 N
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007 C020100 STATE STREET RESEARCH CAPITAL APPRECIATION
007 C030100 Y
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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020 C000001    326
020 A000002 DONALDSON LUFKIN & JENRETTE SECURITIES
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<PAGE>      PAGE  2
020 A000003 SALOMON BROTHERS INC.
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020 C000003    292
020 A000004 GOLDMAN SACHS & CO.
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020 C000004    284
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020 C000006    245
020 A000007 UBS SECURITIES
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020 A000008 MONTGOMERY SECURITIES
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020 C000008    229
020 A000009 MERRILL LYNCH PIERCE FENNER & SMITH INC.
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022 A000004 GENERAL ELECTRIC CAPITAL CORP.
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022 A000005 MERRILL LYNCH PIERCE FENNER & SMITH, INC.
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022 C000005    207268
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022 A000007 BENEFICIAL CORP.
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022 A000008 GOLDMAN SACHS & CO.
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022 C000008     40855
<PAGE>      PAGE  3
022 D000008     55197
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<PAGE>      PAGE  5
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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> 031
   <NAME> STATE STREET RESEARCH EQUITY INCOME FUND CLASS A
       
<S>                             <C>
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<APPREC-INCREASE-CURRENT>                   20,158,095
<NET-CHANGE-FROM-OPS>                       36,537,643
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,175,982)
<DISTRIBUTIONS-OF-GAINS>                   (6,343,780)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,551,622
<NUMBER-OF-SHARES-REDEEMED>                  (554,634)
<SHARES-REINVESTED>                            576,639
<NET-CHANGE-IN-ASSETS>                     101,427,902
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   15,197,104
<OVERDISTRIB-NII-PRIOR>                       (73,770)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          975,669
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,283,080
<AVERAGE-NET-ASSETS>                       150,102,923
<PER-SHARE-NAV-BEGIN>                            13.85
<PER-SHARE-NII>                                   0.33
<PER-SHARE-GAIN-APPREC>                           2.90
<PER-SHARE-DIVIDEND>                            (0.28)
<PER-SHARE-DISTRIBUTIONS>                       (1.94)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.86
<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-30-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                      180,238,605
<INVESTMENTS-AT-VALUE>                     213,696,732
<RECEIVABLES>                                1,509,206
<ASSETS-OTHER>                                   4,893
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             215,210,831
<PAYABLE-FOR-SECURITIES>                     2,250,000
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      842,037
<TOTAL-LIABILITIES>                          3,092,037
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   166,390,142
<SHARES-COMMON-STOCK>                        4,860,245
<SHARES-COMMON-PRIOR>                        1,848,643
<ACCUMULATED-NII-CURRENT>                      296,672
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     12,137,052
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    33,294,928
<NET-ASSETS>                               212,118,794
<DIVIDEND-INCOME>                            3,131,681
<INTEREST-INCOME>                            2,379,002
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,101,775
<NET-INVESTMENT-INCOME>                      3,408,908
<REALIZED-GAINS-CURRENT>                    12,970,640
<APPREC-INCREASE-CURRENT>                   20,158,095
<NET-CHANGE-FROM-OPS>                       36,537,643
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (613,879)
<DISTRIBUTIONS-OF-GAINS>                   (3,837,994)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,152,047
<NUMBER-OF-SHARES-REDEEMED>                  (469,237)
<SHARES-REINVESTED>                            328,792
<NET-CHANGE-IN-ASSETS>                     101,427,902
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   15,197,104
<OVERDISTRIB-NII-PRIOR>                       (73,770)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          975,669
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,283,080
<AVERAGE-NET-ASSETS>                       150,102,923
<PER-SHARE-NAV-BEGIN>                            13.82
<PER-SHARE-NII>                                   0.22
<PER-SHARE-GAIN-APPREC>                           2.89
<PER-SHARE-DIVIDEND>                            (0.18)
<PER-SHARE-DISTRIBUTIONS>                       (1.94)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.81
<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-30-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                      180,238,605
<INVESTMENTS-AT-VALUE>                     213,696,732
<RECEIVABLES>                                1,509,206
<ASSETS-OTHER>                                   4,893
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             215,210,831
<PAYABLE-FOR-SECURITIES>                     2,250,000
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      842,037
<TOTAL-LIABILITIES>                          3,092,037
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   166,390,142
<SHARES-COMMON-STOCK>                        4,001,422
<SHARES-COMMON-PRIOR>                        2,838,175
<ACCUMULATED-NII-CURRENT>                      296,672
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     12,137,052
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    33,294,928
<NET-ASSETS>                               212,118,794
<DIVIDEND-INCOME>                            3,131,681
<INTEREST-INCOME>                            2,379,002
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,101,775
<NET-INVESTMENT-INCOME>                      3,408,908
<REALIZED-GAINS-CURRENT>                    12,970,640
<APPREC-INCREASE-CURRENT>                   20,158,095
<NET-CHANGE-FROM-OPS>                       36,537,643
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,191,787)
<DISTRIBUTIONS-OF-GAINS>                   (5,623,211)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,772,262
<NUMBER-OF-SHARES-REDEEMED>                (1,167,373)
<SHARES-REINVESTED>                            558,358
<NET-CHANGE-IN-ASSETS>                     101,427,902
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   15,197,104
<OVERDISTRIB-NII-PRIOR>                       (73,770)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          975,669
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,283,080
<AVERAGE-NET-ASSETS>                       150,102,923
<PER-SHARE-NAV-BEGIN>                            13.85
<PER-SHARE-NII>                                   0.36
<PER-SHARE-GAIN-APPREC>                           2.90
<PER-SHARE-DIVIDEND>                            (0.31)
<PER-SHARE-DISTRIBUTIONS>                       (1.94)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.86
<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-30-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                      180,238,605
<INVESTMENTS-AT-VALUE>                     213,696,732
<RECEIVABLES>                                1,509,206
<ASSETS-OTHER>                                   4,893
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             215,210,831
<PAYABLE-FOR-SECURITIES>                     2,250,000
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      842,037
<TOTAL-LIABILITIES>                          3,092,037
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   166,390,142
<SHARES-COMMON-STOCK>                          648,348
<SHARES-COMMON-PRIOR>                          100,310
<ACCUMULATED-NII-CURRENT>                      296,672
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     12,137,052
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    33,294,928
<NET-ASSETS>                               212,118,794
<DIVIDEND-INCOME>                            3,131,681
<INTEREST-INCOME>                            2,379,002
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,101,775
<NET-INVESTMENT-INCOME>                      3,408,908
<REALIZED-GAINS-CURRENT>                    12,970,640
<APPREC-INCREASE-CURRENT>                   20,158,095
<NET-CHANGE-FROM-OPS>                       36,537,643
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (66,794)
<DISTRIBUTIONS-OF-GAINS>                     (219,488)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        657,453
<NUMBER-OF-SHARES-REDEEMED>                  (130,981)
<SHARES-REINVESTED>                             21,566
<NET-CHANGE-IN-ASSETS>                     101,427,902
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   15,197,104
<OVERDISTRIB-NII-PRIOR>                       (73,770)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          975,669
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,283,080
<AVERAGE-NET-ASSETS>                       150,102,923
<PER-SHARE-NAV-BEGIN>                            13.82
<PER-SHARE-NII>                                   0.21
<PER-SHARE-GAIN-APPREC>                           2.90
<PER-SHARE-DIVIDEND>                            (0.20)
<PER-SHARE-DISTRIBUTIONS>                       (1.94)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.79
<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> 011
   <NAME> STATE STREET RESEARCH CAPITAL APPRECIATION FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                      571,727,655
<INVESTMENTS-AT-VALUE>                     667,014,341
<RECEIVABLES>                               27,254,681
<ASSETS-OTHER>                                 124,144
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             694,393,166
<PAYABLE-FOR-SECURITIES>                    18,102,418
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,241,845
<TOTAL-LIABILITIES>                         21,244,263
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   566,692,497
<SHARES-COMMON-STOCK>                       30,700,529
<SHARES-COMMON-PRIOR>                       30,956,126
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     11,169,720
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    95,286,686
<NET-ASSETS>                               673,148,903
<DIVIDEND-INCOME>                            2,632,244
<INTEREST-INCOME>                            1,867,547
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              11,029,388
<NET-INVESTMENT-INCOME>                    (6,529,597)
<REALIZED-GAINS-CURRENT>                    28,591,212
<APPREC-INCREASE-CURRENT>                 (75,792,220)
<NET-CHANGE-FROM-OPS>                     (53,730,605)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                  (17,442,180)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      7,134,506
<NUMBER-OF-SHARES-REDEEMED>                (8,885,382)
<SHARES-REINVESTED>                          1,495,279
<NET-CHANGE-IN-ASSETS>                    (68,858,445)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   15,502,627
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        5,270,641
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             11,029,388
<AVERAGE-NET-ASSETS>                       702,752,133
<PER-SHARE-NAV-BEGIN>                            12.76
<PER-SHARE-NII>                                 (0.09)
<PER-SHARE-GAIN-APPREC>                         (0.81)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.55)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.31
<EXPENSE-RATIO>                                   1.43
<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-30-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                      571,727,655
<INVESTMENTS-AT-VALUE>                     667,014,341
<RECEIVABLES>                               27,254,681
<ASSETS-OTHER>                                 124,144
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             694,393,166
<PAYABLE-FOR-SECURITIES>                    18,102,418
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,241,845
<TOTAL-LIABILITIES>                         21,244,263
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   566,692,497
<SHARES-COMMON-STOCK>                       16,506,933
<SHARES-COMMON-PRIOR>                       13,791,209
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     11,169,720
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    95,286,686
<NET-ASSETS>                               673,148,903
<DIVIDEND-INCOME>                            2,632,244
<INTEREST-INCOME>                            1,867,547
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              11,029,388
<NET-INVESTMENT-INCOME>                    (6,529,597)
<REALIZED-GAINS-CURRENT>                    28,591,212
<APPREC-INCREASE-CURRENT>                 (75,792,220)
<NET-CHANGE-FROM-OPS>                     (53,730,605)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (8,308,403)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      5,302,671
<NUMBER-OF-SHARES-REDEEMED>                (3,322,891)
<SHARES-REINVESTED>                            735,944
<NET-CHANGE-IN-ASSETS>                    (68,858,445)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   15,502,627
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        5,270,641
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             11,029,388
<AVERAGE-NET-ASSETS>                       702,752,133
<PER-SHARE-NAV-BEGIN>                            12.49
<PER-SHARE-NII>                                 (0.17)
<PER-SHARE-GAIN-APPREC>                         (0.80)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.55)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.97
<EXPENSE-RATIO>                                   2.18
<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>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                      571,727,655
<INVESTMENTS-AT-VALUE>                     667,014,341
<RECEIVABLES>                               27,254,681
<ASSETS-OTHER>                                 124,144
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             694,393,166
<PAYABLE-FOR-SECURITIES>                    18,102,418
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,241,845
<TOTAL-LIABILITIES>                         21,244,263
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   566,692,497
<SHARES-COMMON-STOCK>                       12,178,456
<SHARES-COMMON-PRIOR>                       12,954,795
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     11,169,720
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    95,286,686
<NET-ASSETS>                               673,148,903
<DIVIDEND-INCOME>                            2,632,244
<INTEREST-INCOME>                            1,867,547
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              11,029,388
<NET-INVESTMENT-INCOME>                    (6,529,597)
<REALIZED-GAINS-CURRENT>                    28,591,212
<APPREC-INCREASE-CURRENT>                 (75,792,220)
<NET-CHANGE-FROM-OPS>                     (53,730,605)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (7,364,058)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      5,500,499
<NUMBER-OF-SHARES-REDEEMED>                (6,914,579)
<SHARES-REINVESTED>                            637,741
<NET-CHANGE-IN-ASSETS>                    (68,858,445)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   15,502,627
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        5,270,641
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             11,029,388
<AVERAGE-NET-ASSETS>                       702,752,133
<PER-SHARE-NAV-BEGIN>                            12.94
<PER-SHARE-NII>                                 (0.06)
<PER-SHARE-GAIN-APPREC>                         (0.83)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.55)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.50
<EXPENSE-RATIO>                                   1.18
<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-30-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                      571,727,655
<INVESTMENTS-AT-VALUE>                     667,014,341
<RECEIVABLES>                               27,254,681
<ASSETS-OTHER>                                 124,144
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             694,393,166
<PAYABLE-FOR-SECURITIES>                    18,102,418
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,241,845
<TOTAL-LIABILITIES>                         21,244,263
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   566,692,497
<SHARES-COMMON-STOCK>                          434,491
<SHARES-COMMON-PRIOR>                          568,664
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     11,169,720
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    95,286,686
<NET-ASSETS>                               673,148,903
<DIVIDEND-INCOME>                            2,632,244
<INTEREST-INCOME>                            1,867,547
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              11,029,388
<NET-INVESTMENT-INCOME>                    (6,529,597)
<REALIZED-GAINS-CURRENT>                    28,591,212
<APPREC-INCREASE-CURRENT>                 (75,792,220)
<NET-CHANGE-FROM-OPS>                     (53,730,605)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     (258,802)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        583,946
<NUMBER-OF-SHARES-REDEEMED>                  (740,110)
<SHARES-REINVESTED>                             21,991
<NET-CHANGE-IN-ASSETS>                    (68,858,445)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   15,502,627
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        5,270,641
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             11,029,388
<AVERAGE-NET-ASSETS>                       702,752,133
<PER-SHARE-NAV-BEGIN>                            12.52
<PER-SHARE-NII>                                 (0.17)
<PER-SHARE-GAIN-APPREC>                         (0.79)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.55)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.01
<EXPENSE-RATIO>                                   2.18
<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-30-1997
<PERIOD-END>                               JUN-30-1997
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<INVESTMENTS-AT-VALUE>                     166,398,206
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<PAYABLE-FOR-SECURITIES>                       954,850
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      449,178
<TOTAL-LIABILITIES>                          1,404,028
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   110,135,902
<SHARES-COMMON-STOCK>                        2,806,823
<SHARES-COMMON-PRIOR>                        2,306,216
<ACCUMULATED-NII-CURRENT>                      117,502
<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    42,276,452
<NET-ASSETS>                               166,358,738
<DIVIDEND-INCOME>                            2,076,959
<INTEREST-INCOME>                              304,735
<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                        743,016
<REALIZED-GAINS-CURRENT>                    20,424,213
<APPREC-INCREASE-CURRENT>                   15,781,474
<NET-CHANGE-FROM-OPS>                       36,948,703
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (233,439)
<DISTRIBUTIONS-OF-GAINS>                   (4,782,504)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        588,308
<NUMBER-OF-SHARES-REDEEMED>                  (389,733)
<SHARES-REINVESTED>                            302,032
<NET-CHANGE-IN-ASSETS>                      42,822,204
<ACCUMULATED-NII-PRIOR>                        671,546
<ACCUMULATED-GAINS-PRIOR>                    7,707,953
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<GROSS-EXPENSE>                              1,841,515
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<PER-SHARE-NII>                                   0.09
<PER-SHARE-GAIN-APPREC>                           4.63
<PER-SHARE-DIVIDEND>                            (0.09)
<PER-SHARE-DISTRIBUTIONS>                       (1.99)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              19.68
<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-30-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                      124,121,754
<INVESTMENTS-AT-VALUE>                     166,398,206
<RECEIVABLES>                                1,351,376
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<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             167,762,766
<PAYABLE-FOR-SECURITIES>                       954,850
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      449,178
<TOTAL-LIABILITIES>                          1,404,028
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   110,135,902
<SHARES-COMMON-STOCK>                        1,312,020
<SHARES-COMMON-PRIOR>                          777,751
<ACCUMULATED-NII-CURRENT>                      117,502
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<ACCUMULATED-NET-GAINS>                     13,828,882
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<ACCUM-APPREC-OR-DEPREC>                    42,276,452
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<DIVIDEND-INCOME>                            2,076,959
<INTEREST-INCOME>                              304,735
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<NET-INVESTMENT-INCOME>                        743,016
<REALIZED-GAINS-CURRENT>                    20,424,213
<APPREC-INCREASE-CURRENT>                   15,781,474
<NET-CHANGE-FROM-OPS>                       36,948,703
<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                   (1,764,902)
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<NUMBER-OF-SHARES-SOLD>                        598,345
<NUMBER-OF-SHARES-REDEEMED>                  (172,399)
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<NET-CHANGE-IN-ASSETS>                      42,822,204
<ACCUMULATED-NII-PRIOR>                        671,546
<ACCUMULATED-GAINS-PRIOR>                    7,707,953
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          869,656
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,841,515
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<PER-SHARE-NAV-BEGIN>                            16.88
<PER-SHARE-NII>                                 (0.03)
<PER-SHARE-GAIN-APPREC>                           4.56
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.99)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              19.42
<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>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                      124,121,754
<INVESTMENTS-AT-VALUE>                     166,398,206
<RECEIVABLES>                                1,351,376
<ASSETS-OTHER>                                  13,184
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             167,762,766
<PAYABLE-FOR-SECURITIES>                       954,850
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      449,178
<TOTAL-LIABILITIES>                          1,404,028
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   110,135,902
<SHARES-COMMON-STOCK>                        4,273,035
<SHARES-COMMON-PRIOR>                        4,121,645
<ACCUMULATED-NII-CURRENT>                      117,502
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     13,828,882
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    42,276,452
<NET-ASSETS>                               166,358,738
<DIVIDEND-INCOME>                            2,076,959
<INTEREST-INCOME>                              304,735
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,638,678
<NET-INVESTMENT-INCOME>                        743,016
<REALIZED-GAINS-CURRENT>                    20,424,213
<APPREC-INCREASE-CURRENT>                   15,781,474
<NET-CHANGE-FROM-OPS>                       36,948,703
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (560,477)
<DISTRIBUTIONS-OF-GAINS>                   (7,753,956)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,943,280
<NUMBER-OF-SHARES-REDEEMED>                (2,305,882)
<SHARES-REINVESTED>                            513,992
<NET-CHANGE-IN-ASSETS>                      42,822,204
<ACCUMULATED-NII-PRIOR>                        671,546
<ACCUMULATED-GAINS-PRIOR>                    7,707,953
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          869,656
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,841,515
<AVERAGE-NET-ASSETS>                       133,793,231
<PER-SHARE-NAV-BEGIN>                            17.03
<PER-SHARE-NII>                                   0.13
<PER-SHARE-GAIN-APPREC>                           4.62
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<PER-SHARE-DISTRIBUTIONS>                       (1.99)
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<PER-SHARE-NAV-END>                              19.66
<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-30-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                      124,121,754
<INVESTMENTS-AT-VALUE>                     166,398,206
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<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                       954,850
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      449,178
<TOTAL-LIABILITIES>                          1,404,028
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   110,135,902
<SHARES-COMMON-STOCK>                           84,607
<SHARES-COMMON-PRIOR>                           55,166
<ACCUMULATED-NII-CURRENT>                      117,502
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     13,828,882
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    42,276,452
<NET-ASSETS>                               166,358,738
<DIVIDEND-INCOME>                            2,076,959
<INTEREST-INCOME>                              304,735
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,638,678
<NET-INVESTMENT-INCOME>                        743,016
<REALIZED-GAINS-CURRENT>                    20,424,213
<APPREC-INCREASE-CURRENT>                   15,781,474
<NET-CHANGE-FROM-OPS>                       36,948,703
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     (116,740)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        123,109
<NUMBER-OF-SHARES-REDEEMED>                  (100,734)
<SHARES-REINVESTED>                              7,066
<NET-CHANGE-IN-ASSETS>                      42,822,204
<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>                              1,841,515
<AVERAGE-NET-ASSETS>                       133,793,231
<PER-SHARE-NAV-BEGIN>                            16.87
<PER-SHARE-NII>                                 (0.03)
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<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.99)
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<PER-SHARE-NAV-END>                              19.41
<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> 041
   <NAME> STATE STREET RESEARCH GLOBAL RESOURCES FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                      170,708,350
<INVESTMENTS-AT-VALUE>                     198,122,127
<RECEIVABLES>                                1,082,104
<ASSETS-OTHER>                                  24,950
<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                     1,366,621
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      857,676
<TOTAL-LIABILITIES>                          2,224,297
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   162,465,435
<SHARES-COMMON-STOCK>                        3,574,507
<SHARES-COMMON-PRIOR>                        1,774,718
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      7,125,672
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    27,413,777
<NET-ASSETS>                               197,004,884
<DIVIDEND-INCOME>                              407,643
<INTEREST-INCOME>                              459,027
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,190,775
<NET-INVESTMENT-INCOME>                    (1,324,105)
<REALIZED-GAINS-CURRENT>                    12,458,405
<APPREC-INCREASE-CURRENT>                   13,310,514
<NET-CHANGE-FROM-OPS>                       24,444,814
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (1,857,796)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,660,723
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<SHARES-REINVESTED>                             82,889
<NET-CHANGE-IN-ASSETS>                     142,446,908
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                    (45,924)
<GROSS-ADVISORY-FEES>                          940,108
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,194,708
<AVERAGE-NET-ASSETS>                       125,347,733
<PER-SHARE-NAV-BEGIN>                            17.44
<PER-SHARE-NII>                                 (0.15)
<PER-SHARE-GAIN-APPREC>                           5.86
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.76)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              22.39
<EXPENSE-RATIO>                                   1.42
<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-30-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                      170,708,350
<INVESTMENTS-AT-VALUE>                     198,122,127
<RECEIVABLES>                                1,082,104
<ASSETS-OTHER>                                  24,950
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             199,229,181
<PAYABLE-FOR-SECURITIES>                     1,366,621
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      857,676
<TOTAL-LIABILITIES>                          2,224,297
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   162,465,435
<SHARES-COMMON-STOCK>                        3,610,815
<SHARES-COMMON-PRIOR>                          749,379
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      7,125,672
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    27,413,777
<NET-ASSETS>                               197,004,884
<DIVIDEND-INCOME>                              407,643
<INTEREST-INCOME>                              459,027
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,190,775
<NET-INVESTMENT-INCOME>                    (1,324,105)
<REALIZED-GAINS-CURRENT>                    12,458,405
<APPREC-INCREASE-CURRENT>                   13,310,514
<NET-CHANGE-FROM-OPS>                       24,444,814
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (1,170,575)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,312,555
<NUMBER-OF-SHARES-REDEEMED>                  (502,773)
<SHARES-REINVESTED>                             51,654
<NET-CHANGE-IN-ASSETS>                     142,446,908
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                    (45,924)
<GROSS-ADVISORY-FEES>                          940,108
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,194,708
<AVERAGE-NET-ASSETS>                       125,347,733
<PER-SHARE-NAV-BEGIN>                            17.12
<PER-SHARE-NII>                                 (0.30)
<PER-SHARE-GAIN-APPREC>                           5.74
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.76)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.80
<EXPENSE-RATIO>                                   2.17
<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-30-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                      170,708,350
<INVESTMENTS-AT-VALUE>                     198,122,127
<RECEIVABLES>                                1,082,104
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<PAYABLE-FOR-SECURITIES>                     1,366,621
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      857,676
<TOTAL-LIABILITIES>                          2,224,297
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   162,465,435
<SHARES-COMMON-STOCK>                          473,002
<SHARES-COMMON-PRIOR>                          319,218
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      7,125,672
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    27,413,777
<NET-ASSETS>                               197,004,884
<DIVIDEND-INCOME>                              407,643
<INTEREST-INCOME>                              459,027
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,190,775
<NET-INVESTMENT-INCOME>                    (1,324,105)
<REALIZED-GAINS-CURRENT>                    12,458,405
<APPREC-INCREASE-CURRENT>                   13,310,514
<NET-CHANGE-FROM-OPS>                       24,444,814
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     (352,673)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        736,188
<NUMBER-OF-SHARES-REDEEMED>                  (597,301)
<SHARES-REINVESTED>                             14,897
<NET-CHANGE-IN-ASSETS>                     142,446,908
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                    (45,924)
<GROSS-ADVISORY-FEES>                          940,108
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,194,708
<AVERAGE-NET-ASSETS>                       125,347,733
<PER-SHARE-NAV-BEGIN>                            17.64
<PER-SHARE-NII>                                 (0.10)
<PER-SHARE-GAIN-APPREC>                           5.94
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.76)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              22.72
<EXPENSE-RATIO>                                   1.17
<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-30-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                      170,708,350
<INVESTMENTS-AT-VALUE>                     198,122,127
<RECEIVABLES>                                1,082,104
<ASSETS-OTHER>                                  24,950
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<PAYABLE-FOR-SECURITIES>                     1,366,621
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      857,676
<TOTAL-LIABILITIES>                          2,224,297
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   162,465,435
<SHARES-COMMON-STOCK>                        1,265,314
<SHARES-COMMON-PRIOR>                          301,437
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      7,125,672
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    27,413,777
<NET-ASSETS>                               197,004,884
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