STATE STREET RESEARCH EQUITY TRUST
NSAR-B, 1998-08-27
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<PAGE>      PAGE  1
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<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  19
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042 D000500   0
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062 O000500   0.0
062 P000500   0.0
062 Q000500   0.0
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066 A000500 Y
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066 C000500 N
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066 F000500 N
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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074 V020500     7.34
074 W000500   0.0000
074 X000500       36
074 Y000500        0
075 A000500        0
075 B000500     8533
076  000500     0.00
SIGNATURE   DOUGLAS A. ROMICH                            
TITLE       ASSISTANT TREASURER 
 


<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-30-1998
<PERIOD-END>                               JUN-30-1998
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</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>
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 023
   <NAME> STATE STREET RESEARCH EQUITY INVESTMENT FUND CLASS S
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 024
   <NAME> STATE STREET RESEARCH EQUITY INVESTMENT FUND CLASS C
       
<S>                             <C>
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     (267,380)
<DISTRIBUTIONS-OTHER>                                0
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<ACCUMULATED-GAINS-PRIOR>                   13,828,882
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<PER-SHARE-DISTRIBUTIONS>                       (2.74)
<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                   2.00
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<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-30-1998
<PERIOD-END>                               JUN-30-1998
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<PAID-IN-CAPITAL-COMMON>                   251,919,886
<SHARES-COMMON-STOCK>                        4,746,916
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<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OTHER>                                0
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<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                        1,812,714
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<GROSS-EXPENSE>                              4,523,585
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<PER-SHARE-NAV-BEGIN>                            22.39
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<PER-SHARE-DISTRIBUTIONS>                       (2.34)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.35
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</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-30-1998
<PERIOD-END>                               JUN-30-1998
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<PAID-IN-CAPITAL-COMMON>                   251,919,886
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<SHARES-COMMON-PRIOR>                        3,610,815
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                  (10,098,016)
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<OVERDISTRIB-NII-PRIOR>                              0
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<AVERAGE-NET-ASSETS>                       241,695,200
<PER-SHARE-NAV-BEGIN>                            21.80
<PER-SHARE-NII>                                 (0.33)
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<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (2.34)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.71
<EXPENSE-RATIO>                                   2.21
<AVG-DEBT-OUTSTANDING>                               0
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</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 S
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                      261,788,466
<INVESTMENTS-AT-VALUE>                     216,044,990
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<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                          2,680,634
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   251,919,886
<SHARES-COMMON-STOCK>                          325,028
<SHARES-COMMON-PRIOR>                          473,002
<ACCUMULATED-NII-CURRENT>                            0
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<ACCUMULATED-NET-GAINS>                      9,199,004
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                  (45,743,476)
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<DIVIDEND-INCOME>                              673,490
<INTEREST-INCOME>                              873,934
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               4,523,585
<NET-INVESTMENT-INCOME>                    (2,976,161)
<REALIZED-GAINS-CURRENT>                    30,028,876
<APPREC-INCREASE-CURRENT>                 (73,157,253)
<NET-CHANGE-FROM-OPS>                     (46,104,538)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (1,118,083)
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<NUMBER-OF-SHARES-SOLD>                        529,650
<NUMBER-OF-SHARES-REDEEMED>                  (725,982)
<SHARES-REINVESTED>                             48,358
<NET-CHANGE-IN-ASSETS>                      18,370,530
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<ACCUMULATED-GAINS-PRIOR>                    7,125,672
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,812,714
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,523,585
<AVERAGE-NET-ASSETS>                       241,695,200
<PER-SHARE-NAV-BEGIN>                            22.72
<PER-SHARE-NII>                                 (0.13)
<PER-SHARE-GAIN-APPREC>                         (2.58)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (2.34)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.67
<EXPENSE-RATIO>                                   1.21
<AVG-DEBT-OUTSTANDING>                               0
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</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 C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                      261,788,466
<INVESTMENTS-AT-VALUE>                     216,044,990
<RECEIVABLES>                                2,010,511
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<PAYABLE-FOR-SECURITIES>                     1,741,237
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<PAID-IN-CAPITAL-COMMON>                   251,919,886
<SHARES-COMMON-STOCK>                        2,253,597
<SHARES-COMMON-PRIOR>                        1,265,314
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<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      9,199,004
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<DIVIDEND-INCOME>                              673,490
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<EXPENSES-NET>                               4,523,585
<NET-INVESTMENT-INCOME>                    (2,976,161)
<REALIZED-GAINS-CURRENT>                    30,028,876
<APPREC-INCREASE-CURRENT>                 (73,157,253)
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (3,889,057)
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<NUMBER-OF-SHARES-REDEEMED>                  (819,924)
<SHARES-REINVESTED>                            167,922
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<ACCUMULATED-GAINS-PRIOR>                    7,125,672
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,812,714
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<GROSS-EXPENSE>                              4,523,585
<AVERAGE-NET-ASSETS>                       241,695,200
<PER-SHARE-NAV-BEGIN>                            21.76
<PER-SHARE-NII>                                 (0.33)
<PER-SHARE-GAIN-APPREC>                         (2.42)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (2.34)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.67
<EXPENSE-RATIO>                                   2.21
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 031
   <NAME> STATE STREET RESEARCH ALPHA FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                      383,189,663
<INVESTMENTS-AT-VALUE>                     449,110,070
<RECEIVABLES>                                5,231,208
<ASSETS-OTHER>                                  70,993
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<PAYABLE-FOR-SECURITIES>                     9,591,768
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   28,460,985
<TOTAL-LIABILITIES>                         38,052,753
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   333,897,301
<SHARES-COMMON-STOCK>                        7,463,083
<SHARES-COMMON-PRIOR>                        4,783,428
<ACCUMULATED-NII-CURRENT>                      709,450
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     15,836,634
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    65,916,133
<NET-ASSETS>                               416,359,518
<DIVIDEND-INCOME>                            5,453,423
<INTEREST-INCOME>                            4,461,511
<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                      5,365,762
<REALIZED-GAINS-CURRENT>                    30,071,297
<APPREC-INCREASE-CURRENT>                   32,621,205
<NET-CHANGE-FROM-OPS>                       68,058,264
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,799,241)
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<NUMBER-OF-SHARES-REDEEMED>                  (925,964)
<SHARES-REINVESTED>                            655,806
<NET-CHANGE-IN-ASSETS>                     204,240,724
<ACCUMULATED-NII-PRIOR>                        296,672
<ACCUMULATED-GAINS-PRIOR>                   12,137,052
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                        1,949,340
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<AVERAGE-NET-ASSETS>                       299,898,462
<PER-SHARE-NAV-BEGIN>                            14.86
<PER-SHARE-NII>                                   0.33
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<PER-SHARE-NAV-END>                              16.80
<EXPENSE-RATIO>                                   1.24
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 032
   <NAME> STATE STREET RESEARCH ALPHA FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                      383,189,663
<INVESTMENTS-AT-VALUE>                     449,110,070
<RECEIVABLES>                                5,231,208
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<TOTAL-ASSETS>                             454,412,271
<PAYABLE-FOR-SECURITIES>                     9,951,768
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   28,460,985
<TOTAL-LIABILITIES>                         38,052,753
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   333,897,301
<SHARES-COMMON-STOCK>                       10,445,474
<SHARES-COMMON-PRIOR>                        4,860,245
<ACCUMULATED-NII-CURRENT>                      709,450
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     15,836,634
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    65,916,133
<NET-ASSETS>                               416,359,518
<DIVIDEND-INCOME>                            5,453,423
<INTEREST-INCOME>                            4,461,511
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               4,549,172
<NET-INVESTMENT-INCOME>                      5,365,762
<REALIZED-GAINS-CURRENT>                    30,071,297
<APPREC-INCREASE-CURRENT>                   32,621,205
<NET-CHANGE-FROM-OPS>                       68,058,264
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,117,871)
<DISTRIBUTIONS-OF-GAINS>                   (9,977,340)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      5,798,007
<NUMBER-OF-SHARES-REDEEMED>                  (892,024)
<SHARES-REINVESTED>                            679,246
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<ACCUMULATED-NII-PRIOR>                        296,672
<ACCUMULATED-GAINS-PRIOR>                   12,137,052
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,949,340
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,600,365
<AVERAGE-NET-ASSETS>                       299,898,462
<PER-SHARE-NAV-BEGIN>                            14.81
<PER-SHARE-NII>                                   0.21
<PER-SHARE-GAIN-APPREC>                           3.55
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<EXPENSE-RATIO>                                   1.99
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 033
   <NAME> STATE STREET RESEARCH ALPHA FUND CLASS S
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                      383,189,663
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<RECEIVABLES>                                5,231,208
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<PAYABLE-FOR-SECURITIES>                     9,951,768
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   28,460,985
<TOTAL-LIABILITIES>                         38,052,753
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<PAID-IN-CAPITAL-COMMON>                   333,897,301
<SHARES-COMMON-STOCK>                        5,319,529
<SHARES-COMMON-PRIOR>                        4,001,422
<ACCUMULATED-NII-CURRENT>                      709,450
<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                               416,359,518
<DIVIDEND-INCOME>                            5,453,423
<INTEREST-INCOME>                            4,461,511
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<EXPENSES-NET>                               4,549,172
<NET-INVESTMENT-INCOME>                      5,365,762
<REALIZED-GAINS-CURRENT>                    30,071,297
<APPREC-INCREASE-CURRENT>                   32,621,205
<NET-CHANGE-FROM-OPS>                       68,058,264
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,445,033)
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<NUMBER-OF-SHARES-REDEEMED>                (1,702,870)
<SHARES-REINVESTED>                            537,065
<NET-CHANGE-IN-ASSETS>                     204,240,724
<ACCUMULATED-NII-PRIOR>                        296,672
<ACCUMULATED-GAINS-PRIOR>                   12,137,052
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,949,340
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,600,365
<AVERAGE-NET-ASSETS>                       299,898,462
<PER-SHARE-NAV-BEGIN>                            14.86
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<PER-SHARE-NAV-END>                              16.80
<EXPENSE-RATIO>                                   0.99
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 034
   <NAME> STATE STREET RESEARCH ALPHA FUND CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                      383,189,663
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<PAYABLE-FOR-SECURITIES>                     9,951,768
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<OTHER-ITEMS-LIABILITIES>                   28,460,985
<TOTAL-LIABILITIES>                         38,052,753
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<PAID-IN-CAPITAL-COMMON>                   333,897,301
<SHARES-COMMON-STOCK>                        1,602,712
<SHARES-COMMON-PRIOR>                          648,348
<ACCUMULATED-NII-CURRENT>                      709,450
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     15,836,634
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                               416,359,518
<DIVIDEND-INCOME>                            5,453,423
<INTEREST-INCOME>                            4,461,511
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               4,549,172
<NET-INVESTMENT-INCOME>                      5,365,762
<REALIZED-GAINS-CURRENT>                    30,071,297
<APPREC-INCREASE-CURRENT>                   32,621,205
<NET-CHANGE-FROM-OPS>                       68,058,264
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (180,265)
<DISTRIBUTIONS-OF-GAINS>                   (1,257,633)
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<NUMBER-OF-SHARES-SOLD>                      1,104,564
<NUMBER-OF-SHARES-REDEEMED>                  (237,675)
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<NET-CHANGE-IN-ASSETS>                     204,240,724
<ACCUMULATED-NII-PRIOR>                        296,672
<ACCUMULATED-GAINS-PRIOR>                   12,137,052
<OVERDISTRIB-NII-PRIOR>                              0
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<PER-SHARE-NAV-BEGIN>                            14.79
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<EXPENSE-RATIO>                                   1.99
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 051
   <NAME> STATE STREET RESEARCH ATHLETES FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   4-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               JUN-30-1998
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<INVESTMENTS-AT-VALUE>                       9,320,541
<RECEIVABLES>                                  676,868
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<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
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<PAID-IN-CAPITAL-COMMON>                     9,407,321
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<ACCUMULATED-NII-CURRENT>                       14,798
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<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       600,558
<NET-ASSETS>                                 9,921,745
<DIVIDEND-INCOME>                               20,829
<INTEREST-INCOME>                               12,029
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  25,192
<NET-INVESTMENT-INCOME>                          7,666
<REALIZED-GAINS-CURRENT>                     (100,932)
<APPREC-INCREASE-CURRENT>                      600,558
<NET-CHANGE-FROM-OPS>                          507,292
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
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<NUMBER-OF-SHARES-SOLD>                        108,371
<NUMBER-OF-SHARES-REDEEMED>                          0
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<NET-CHANGE-IN-ASSETS>                       9,921,745
<ACCUMULATED-NII-PRIOR>                              0
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<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
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<PER-SHARE-NAV-BEGIN>                             7.00
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 052
   <NAME> STATE STREET RESEARCH ATHLETES FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   4-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               JUN-30-1998
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<ACCUMULATED-NET-GAINS>                      (100,932)
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<ACCUM-APPREC-OR-DEPREC>                       600,558
<NET-ASSETS>                                 9,921,745
<DIVIDEND-INCOME>                               20,829
<INTEREST-INCOME>                               12,029
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  25,192
<NET-INVESTMENT-INCOME>                          7,666
<REALIZED-GAINS-CURRENT>                     (100,932)
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<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         72,159
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<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       9,921,745
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
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<EXPENSE-RATIO>                                   2.00
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 054
   <NAME> STATE STREET RESEARCH ATHLETES FUND CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                        8,719,983
<INVESTMENTS-AT-VALUE>                       9,320,541
<RECEIVABLES>                                  676,868
<ASSETS-OTHER>                                  85,763
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              10,083,172
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      161,427
<TOTAL-LIABILITIES>                            161,427
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     9,407,321
<SHARES-COMMON-STOCK>                           71,441
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       14,798
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (100,932)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       600,558
<NET-ASSETS>                                 9,921,745
<DIVIDEND-INCOME>                               20,829
<INTEREST-INCOME>                               12,029
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  25,192
<NET-INVESTMENT-INCOME>                          7,666
<REALIZED-GAINS-CURRENT>                     (100,932)
<APPREC-INCREASE-CURRENT>                      600,558
<NET-CHANGE-FROM-OPS>                          507,292
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         71,441
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       9,921,745
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           14,588
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                107,561
<AVERAGE-NET-ASSETS>                         8,533,045
<PER-SHARE-NAV-BEGIN>                             7.00
<PER-SHARE-NII>                                 (0.01)
<PER-SHARE-GAIN-APPREC>                           0.35
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.34
<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> 053
   <NAME> STATE STREET RESEARCH ATHLETES FUND CLASS S
       
<S>                             <C>
<PERIOD-TYPE>                   4-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                        8,719,983
<INVESTMENTS-AT-VALUE>                       9,320,541
<RECEIVABLES>                                  676,868
<ASSETS-OTHER>                                  85,763
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              10,083,172
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      161,427
<TOTAL-LIABILITIES>                            161,427
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     9,407,321
<SHARES-COMMON-STOCK>                        1,095,874
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       14,798
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (100,932)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       600,558
<NET-ASSETS>                                 9,921,745
<DIVIDEND-INCOME>                               20,829
<INTEREST-INCOME>                               12,029
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  25,192
<NET-INVESTMENT-INCOME>                          7,666
<REALIZED-GAINS-CURRENT>                     (100,932)
<APPREC-INCREASE-CURRENT>                      600,558
<NET-CHANGE-FROM-OPS>                          507,292
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,121,958
<NUMBER-OF-SHARES-REDEEMED>                   (26,084)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       9,921,745
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           14,588
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                107,561
<AVERAGE-NET-ASSETS>                         8,533,045
<PER-SHARE-NAV-BEGIN>                             7.00
<PER-SHARE-NII>                                   0.01
<PER-SHARE-GAIN-APPREC>                           0.35
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.36
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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