STATE STREET RESEARCH EQUITY TRUST
NSAR-A, 1998-02-27
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<PAGE>      PAGE  1
000 A000000 12/31/97
000 C000000 0000790941
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<PAGE>      PAGE  2
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SIGNATURE   DOUGLAS A. ROMICH                            
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

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<NAME> STATE STREET RESEARCH EQUITY TRUST
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   <NAME> STATE STREET RESEARCH EQUITY INVESTMENT FUND CLASS A
       
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,178,257
<NET-INVESTMENT-INCOME>                        341,111
<REALIZED-GAINS-CURRENT>                    15,419,473
<APPREC-INCREASE-CURRENT>                  (3,944,056)
<NET-CHANGE-FROM-OPS>                       11,816,528
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (125,347)
<DISTRIBUTIONS-OF-GAINS>                   (8,161,193)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        402,578
<NUMBER-OF-SHARES-REDEEMED>                  (256,607)
<SHARES-REINVESTED>                            440,896
<NET-CHANGE-IN-ASSETS>                      20,022,920
<ACCUMULATED-NII-PRIOR>                        117,502
<ACCUMULATED-GAINS-PRIOR>                   13,828,882
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          609,130
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,191,407
<AVERAGE-NET-ASSETS>                       187,424,615
<PER-SHARE-NAV-BEGIN>                            19.68
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                           1.27
<PER-SHARE-DIVIDEND>                            (0.04)
<PER-SHARE-DISTRIBUTIONS>                       (2.74)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.21
<EXPENSE-RATIO>                                   1.25
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 023
   <NAME> STATE STREET RESEARCH EQUITY INVESTMENT FUND CLASS S
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               DEC-31-1997
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<INVESTMENTS-AT-VALUE>                     219,802,274
<RECEIVABLES>                                1,867,575
<ASSETS-OTHER>                                  13,373
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             221,683,222
<PAYABLE-FOR-SECURITIES>                     2,419,846
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   32,881,718
<TOTAL-LIABILITIES>                         35,301,564
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   143,915,433
<SHARES-COMMON-STOCK>                        4,859,266
<SHARES-COMMON-PRIOR>                        4,273,035
<ACCUMULATED-NII-CURRENT>                       26,878
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      4,106,951
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    38,332,396
<NET-ASSETS>                               186,381,658
<DIVIDEND-INCOME>                            1,185,206
<INTEREST-INCOME>                              334,162
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,178,257
<NET-INVESTMENT-INCOME>                        341,111
<REALIZED-GAINS-CURRENT>                    15,419,473
<APPREC-INCREASE-CURRENT>                  (3,944,056)
<NET-CHANGE-FROM-OPS>                       11,816,528
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (306,388)
<DISTRIBUTIONS-OF-GAINS>                  (12,405,469)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        942,384
<NUMBER-OF-SHARES-REDEEMED>                (1,051,644)
<SHARES-REINVESTED>                            695,491
<NET-CHANGE-IN-ASSETS>                      20,022,920
<ACCUMULATED-NII-PRIOR>                        117,502
<ACCUMULATED-GAINS-PRIOR>                   13,828,882
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          609,130
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,191,407
<AVERAGE-NET-ASSETS>                       187,424,615
<PER-SHARE-NAV-BEGIN>                            19.66
<PER-SHARE-NII>                                   0.06
<PER-SHARE-GAIN-APPREC>                           1.27
<PER-SHARE-DIVIDEND>                            (0.06)
<PER-SHARE-DISTRIBUTIONS>                       (2.74)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.19
<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> 023
   <NAME> STATE STREET RESEARCH EQUITY INVESTMENT FUND CLASS S
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      181,469,878
<INVESTMENTS-AT-VALUE>                     219,802,274
<RECEIVABLES>                                1,867,575
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<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             221,683,222
<PAYABLE-FOR-SECURITIES>                     2,419,846
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   32,881,718
<TOTAL-LIABILITIES>                         35,301,564
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   143,915,433
<SHARES-COMMON-STOCK>                        4,859,266
<SHARES-COMMON-PRIOR>                        4,273,035
<ACCUMULATED-NII-CURRENT>                       26,878
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      4,106,951
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    38,332,396
<NET-ASSETS>                               186,381,658
<DIVIDEND-INCOME>                            1,185,206
<INTEREST-INCOME>                              334,162
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,178,257
<NET-INVESTMENT-INCOME>                        341,111
<REALIZED-GAINS-CURRENT>                    15,419,473
<APPREC-INCREASE-CURRENT>                  (3,944,056)
<NET-CHANGE-FROM-OPS>                       11,816,528
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (306,388)
<DISTRIBUTIONS-OF-GAINS>                  (12,405,469)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        942,384
<NUMBER-OF-SHARES-REDEEMED>                (1,051,644)
<SHARES-REINVESTED>                            695,491
<NET-CHANGE-IN-ASSETS>                      20,022,920
<ACCUMULATED-NII-PRIOR>                        117,502
<ACCUMULATED-GAINS-PRIOR>                   13,828,882
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          609,130
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,191,407
<AVERAGE-NET-ASSETS>                       187,424,615
<PER-SHARE-NAV-BEGIN>                            19.66
<PER-SHARE-NII>                                   0.06
<PER-SHARE-GAIN-APPREC>                           1.27
<PER-SHARE-DIVIDEND>                            (0.06)
<PER-SHARE-DISTRIBUTIONS>                       (2.74)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.19
<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 C
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      181,469,878
<INVESTMENTS-AT-VALUE>                     219,802,274
<RECEIVABLES>                                1,867,575
<ASSETS-OTHER>                                  13,373
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             221,683,222
<PAYABLE-FOR-SECURITIES>                     2,419,846
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   32,881,718
<TOTAL-LIABILITIES>                         35,301,564
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   143,915,433
<SHARES-COMMON-STOCK>                           59,811
<SHARES-COMMON-PRIOR>                           84,607
<ACCUMULATED-NII-CURRENT>                       26,878
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      4,106,951
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    38,332,396
<NET-ASSETS>                               186,381,658
<DIVIDEND-INCOME>                            1,185,206
<INTEREST-INCOME>                              334,162
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,178,257
<NET-INVESTMENT-INCOME>                        341,111
<REALIZED-GAINS-CURRENT>                    15,419,473
<APPREC-INCREASE-CURRENT>                  (3,944,056)
<NET-CHANGE-FROM-OPS>                       11,816,528
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          (0)
<DISTRIBUTIONS-OF-GAINS>                     (267,380)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         87,572
<NUMBER-OF-SHARES-REDEEMED>                  (126,624)
<SHARES-REINVESTED>                             14,256
<NET-CHANGE-IN-ASSETS>                      20,022,920
<ACCUMULATED-NII-PRIOR>                        117,502
<ACCUMULATED-GAINS-PRIOR>                   13,828,882
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          609,130
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,191,407
<AVERAGE-NET-ASSETS>                       187,424,615
<PER-SHARE-NAV-BEGIN>                            19.41
<PER-SHARE-NII>                                 (0.04)
<PER-SHARE-GAIN-APPREC>                           1.26
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (2.74)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.89
<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 ALPHA FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      288,659,611
<INVESTMENTS-AT-VALUE>                     330,571,586
<RECEIVABLES>                                6,427,484
<ASSETS-OTHER>                                  30,727
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             337,029,797
<PAYABLE-FOR-SECURITIES>                     8,275,403
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   47,031,998
<TOTAL-LIABILITIES>                         55,307,401
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   233,088,172
<SHARES-COMMON-STOCK>                        6,221,597
<SHARES-COMMON-PRIOR>                        4,783,428
<ACCUMULATED-NII-CURRENT>                      535,061
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      5,672,932
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    42,426,231
<NET-ASSETS>                               281,722,396
<DIVIDEND-INCOME>                            2,390,330
<INTEREST-INCOME>                            1,695,887
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,860,976
<NET-INVESTMENT-INCOME>                      2,225,241
<REALIZED-GAINS-CURRENT>                    20,334,195
<APPREC-INCREASE-CURRENT>                    9,131,303
<NET-CHANGE-FROM-OPS>                       31,690,739
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (804,670)
<DISTRIBUTIONS-OF-GAINS>                   (8,828,000)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,229,745
<NUMBER-OF-SHARES-REDEEMED>                  (393,002)
<SHARES-REINVESTED>                            601,426
<NET-CHANGE-IN-ASSETS>                      69,603,602
<ACCUMULATED-NII-PRIOR>                        296,672
<ACCUMULATED-GAINS-PRIOR>                   12,137,052
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          822,738
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,864,448
<AVERAGE-NET-ASSETS>                       253,150,154
<PER-SHARE-NAV-BEGIN>                            14.86
<PER-SHARE-NII>                                   0.16
<PER-SHARE-GAIN-APPREC>                           1.90
<PER-SHARE-DIVIDEND>                            (0.14)
<PER-SHARE-DISTRIBUTIONS>                       (1.67)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.11
<EXPENSE-RATIO>                                   1.23
<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 ALPHA FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      288,659,611
<INVESTMENTS-AT-VALUE>                     330,571,586
<RECEIVABLES>                                6,427,484
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<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             337,029,797
<PAYABLE-FOR-SECURITIES>                     8,275,403
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   47,031,998
<TOTAL-LIABILITIES>                         55,307,401
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   233,088,172
<SHARES-COMMON-STOCK>                        7,303,316
<SHARES-COMMON-PRIOR>                        4,860,245
<ACCUMULATED-NII-CURRENT>                      535,061
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      5,672,932
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    42,426,231
<NET-ASSETS>                               281,722,396
<DIVIDEND-INCOME>                            2,390,330
<INTEREST-INCOME>                            1,695,887
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,860,976
<NET-INVESTMENT-INCOME>                      2,225,241
<REALIZED-GAINS-CURRENT>                    20,334,195
<APPREC-INCREASE-CURRENT>                    9,131,303
<NET-CHANGE-FROM-OPS>                       31,690,739
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (432,112)
<DISTRIBUTIONS-OF-GAINS>                   (9,977,340)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,113,787
<NUMBER-OF-SHARES-REDEEMED>                  (312,378)
<SHARES-REINVESTED>                            641,662
<NET-CHANGE-IN-ASSETS>                      69,603,602
<ACCUMULATED-NII-PRIOR>                        296,672
<ACCUMULATED-GAINS-PRIOR>                   12,137,052
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          822,738
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,864,448
<AVERAGE-NET-ASSETS>                       253,150,154
<PER-SHARE-NAV-BEGIN>                            14.81
<PER-SHARE-NII>                                   0.10
<PER-SHARE-GAIN-APPREC>                           1.89
<PER-SHARE-DIVIDEND>                            (0.09)
<PER-SHARE-DISTRIBUTIONS>                       (1.67)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.04
<EXPENSE-RATIO>                                   1.98
<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 ALPHA FUND CLASS S
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      288,659,611
<INVESTMENTS-AT-VALUE>                     330,571,586
<RECEIVABLES>                                6,427,484
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<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                     8,275,403
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   47,031,998
<TOTAL-LIABILITIES>                         55,307,401
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   233,088,172
<SHARES-COMMON-STOCK>                        4,224,236
<SHARES-COMMON-PRIOR>                        4,001,422
<ACCUMULATED-NII-CURRENT>                      535,061
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      5,672,932
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    42,426,231
<NET-ASSETS>                               281,722,396
<DIVIDEND-INCOME>                            2,390,330
<INTEREST-INCOME>                            1,695,887
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,860,976
<NET-INVESTMENT-INCOME>                      2,225,241
<REALIZED-GAINS-CURRENT>                    20,334,195
<APPREC-INCREASE-CURRENT>                    9,131,303
<NET-CHANGE-FROM-OPS>                       31,690,739
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (679,059)
<DISTRIBUTIONS-OF-GAINS>                   (6,735,342)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        719,121
<NUMBER-OF-SHARES-REDEEMED>                  (987,973)
<SHARES-REINVESTED>                            491,666
<NET-CHANGE-IN-ASSETS>                      69,603,602
<ACCUMULATED-NII-PRIOR>                        296,672
<ACCUMULATED-GAINS-PRIOR>                   12,137,052
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          822,738
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,864,448
<AVERAGE-NET-ASSETS>                       253,150,154
<PER-SHARE-NAV-BEGIN>                            14.86
<PER-SHARE-NII>                                   0.18
<PER-SHARE-GAIN-APPREC>                           1.90
<PER-SHARE-DIVIDEND>                            (0.16)
<PER-SHARE-DISTRIBUTIONS>                       (1.67)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.11
<EXPENSE-RATIO>                                   0.98
<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 ALPHA FUND CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      288,659,611
<INVESTMENTS-AT-VALUE>                     330,571,586
<RECEIVABLES>                                6,427,484
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<PAYABLE-FOR-SECURITIES>                     8,275,403
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   47,031,998
<TOTAL-LIABILITIES>                         55,307,401
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   233,088,172
<SHARES-COMMON-STOCK>                          935,059
<SHARES-COMMON-PRIOR>                          648,348
<ACCUMULATED-NII-CURRENT>                      535,061
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      5,672,932
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    42,426,231
<NET-ASSETS>                               281,722,396
<DIVIDEND-INCOME>                            2,390,330
<INTEREST-INCOME>                            1,695,887
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<NET-INVESTMENT-INCOME>                      2,225,241
<REALIZED-GAINS-CURRENT>                    20,334,195
<APPREC-INCREASE-CURRENT>                    9,131,303
<NET-CHANGE-FROM-OPS>                       31,690,739
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (71,011)
<DISTRIBUTIONS-OF-GAINS>                   (1,257,633)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        331,550
<NUMBER-OF-SHARES-REDEEMED>                  (126,561)
<SHARES-REINVESTED>                             81,722
<NET-CHANGE-IN-ASSETS>                      69,603,602
<ACCUMULATED-NII-PRIOR>                        296,672
<ACCUMULATED-GAINS-PRIOR>                   12,137,052
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          822,738
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,864,448
<AVERAGE-NET-ASSETS>                       253,150,154
<PER-SHARE-NAV-BEGIN>                            14.79
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<PER-SHARE-GAIN-APPREC>                           1.89
<PER-SHARE-DIVIDEND>                            (0.09)
<PER-SHARE-DISTRIBUTIONS>                       (1.67)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.02
<EXPENSE-RATIO>                                   1.98
<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-30-1998
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      255,656,508
<INVESTMENTS-AT-VALUE>                     247,418,406
<RECEIVABLES>                                4,087,053
<ASSETS-OTHER>                                  19,806
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             251,525,265
<PAYABLE-FOR-SECURITIES>                       500,001
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,392,839
<TOTAL-LIABILITIES>                          2,892,840
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   244,405,382
<SHARES-COMMON-STOCK>                        4,802,592
<SHARES-COMMON-PRIOR>                        3,574,507
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     11,218,369
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (6,991,326)
<NET-ASSETS>                               248,632,425
<DIVIDEND-INCOME>                              318,330
<INTEREST-INCOME>                              406,265
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,251,140
<NET-INVESTMENT-INCOME>                    (1,526,545)
<REALIZED-GAINS-CURRENT>                    30,669,681
<APPREC-INCREASE-CURRENT>                 (34,405,103)
<NET-CHANGE-FROM-OPS>                      (5,261,967)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (9,934,031)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,237,313
<NUMBER-OF-SHARES-REDEEMED>                (1,418,108)
<SHARES-REINVESTED>                            408,880
<NET-CHANGE-IN-ASSETS>                      51,627,541
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    7,125,672
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          969,939
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,251,140
<AVERAGE-NET-ASSETS>                       258,650,400
<PER-SHARE-NAV-BEGIN>                            22.39
<PER-SHARE-NII>                                 (0.10)
<PER-SHARE-GAIN-APPREC>                           0.71
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (2.34)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.66
<EXPENSE-RATIO>                                   1.34
<AVG-DEBT-OUTSTANDING>                               0
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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>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      255,656,508
<INVESTMENTS-AT-VALUE>                     247,418,406
<RECEIVABLES>                                4,087,053
<ASSETS-OTHER>                                  19,806
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             251,525,265
<PAYABLE-FOR-SECURITIES>                       500,001
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,392,839
<TOTAL-LIABILITIES>                          2,892,840
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   244,405,382
<SHARES-COMMON-STOCK>                        4,947,710
<SHARES-COMMON-PRIOR>                        3,610,815
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     11,218,369
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (6,991,326)
<NET-ASSETS>                               248,632,425
<DIVIDEND-INCOME>                              318,330
<INTEREST-INCOME>                              406,265
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,251,140
<NET-INVESTMENT-INCOME>                    (1,526,545)
<REALIZED-GAINS-CURRENT>                    30,669,681
<APPREC-INCREASE-CURRENT>                 (34,405,103)
<NET-CHANGE-FROM-OPS>                      (5,261,967)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                  (10,104,519)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,497,457
<NUMBER-OF-SHARES-REDEEMED>                  (598,372)
<SHARES-REINVESTED>                            437,810
<NET-CHANGE-IN-ASSETS>                      51,627,541
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    7,125,672
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          969,939
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,251,140
<AVERAGE-NET-ASSETS>                       258,650,400
<PER-SHARE-NAV-BEGIN>                            21.80
<PER-SHARE-NII>                                 (0.19)
<PER-SHARE-GAIN-APPREC>                           0.71
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (2.34)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              19.98
<EXPENSE-RATIO>                                   2.09
<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 S
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      255,656,508
<INVESTMENTS-AT-VALUE>                     247,418,406
<RECEIVABLES>                                4,087,053
<ASSETS-OTHER>                                  19,806
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             251,525,265
<PAYABLE-FOR-SECURITIES>                       500,001
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,392,839
<TOTAL-LIABILITIES>                          2,892,840
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   244,405,382
<SHARES-COMMON-STOCK>                          472,612
<SHARES-COMMON-PRIOR>                          473,002
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     11,218,369
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (6,991,326)
<NET-ASSETS>                               248,632,425
<DIVIDEND-INCOME>                              318,330
<INTEREST-INCOME>                              406,265
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,251,140
<NET-INVESTMENT-INCOME>                    (1,526,545)
<REALIZED-GAINS-CURRENT>                    30,669,681
<APPREC-INCREASE-CURRENT>                 (34,405,103)
<NET-CHANGE-FROM-OPS>                      (5,261,967)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (1,118,082)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        283,220
<NUMBER-OF-SHARES-REDEEMED>                  (331,968)
<SHARES-REINVESTED>                             48,358
<NET-CHANGE-IN-ASSETS>                      51,627,541
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    7,125,672
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          969,939
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,251,140
<AVERAGE-NET-ASSETS>                       258,650,400
<PER-SHARE-NAV-BEGIN>                            22.72
<PER-SHARE-NII>                                 (0.07)
<PER-SHARE-GAIN-APPREC>                           0.72
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (2.34)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.03
<EXPENSE-RATIO>                                   1.09
<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 C
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      255,656,508
<INVESTMENTS-AT-VALUE>                     247,418,406
<RECEIVABLES>                                4,087,053
<ASSETS-OTHER>                                  19,806
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             251,525,265
<PAYABLE-FOR-SECURITIES>                       500,001
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,392,839
<TOTAL-LIABILITIES>                          2,892,840
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   244,405,382
<SHARES-COMMON-STOCK>                        2,037,004
<SHARES-COMMON-PRIOR>                        1,265,314
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     11,218,369
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (6,991,326)
<NET-ASSETS>                               248,632,425
<DIVIDEND-INCOME>                              318,330
<INTEREST-INCOME>                              406,265
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,251,140
<NET-INVESTMENT-INCOME>                    (1,526,545)
<REALIZED-GAINS-CURRENT>                    30,669,681
<APPREC-INCREASE-CURRENT>                 (34,405,103)
<NET-CHANGE-FROM-OPS>                      (5,261,967)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (3,893,807)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        944,743
<NUMBER-OF-SHARES-REDEEMED>                  (340,975)
<SHARES-REINVESTED>                            167,922
<NET-CHANGE-IN-ASSETS>                      51,627,541
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    7,125,672
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          969,939
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,251,140
<AVERAGE-NET-ASSETS>                       258,650,400
<PER-SHARE-NAV-BEGIN>                            21.76
<PER-SHARE-NII>                                 (0.19)
<PER-SHARE-GAIN-APPREC>                           0.70
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (2.34)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              19.93
<EXPENSE-RATIO>                                   2.09
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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