STATE STREET RESEARCH EQUITY TRUST
NSAR-B, 1999-08-26
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<PAGE>      PAGE  1
000 B000000 06/30/99
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002 A000000 ONE FINANCIAL CENTER
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002 C000000 MA
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007 C020400 STATE STREET RESEARCH GLOBAL RESOURCES FUND
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008 D02AA01 MA
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008 D04AA01 2690
011 A00AA01 STATE STREET RESEARCH INVESTMENT SERVICES INC
011 B00AA01 8-26468
011 C01AA01 BOSTON
<PAGE>      PAGE  2
011 C02AA01 MA
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012 A00AA01 STATE STREET RESEARCH SERVICE CENTER
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013 A00AA01 PRICEWATERHOUSECOOPERS LLP
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013 B03AA01 02110
014 A00AA01 STATE STREET RESEARCH INVESTMENT SERVICES INC
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014 A00AA02 METROPOLITAN LIFE INSURANCE COMPANY
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<PAGE>      PAGE  3
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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074 H000500        0
074 I000500        0
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074 K000500       58
074 L000500        9
074 M000500       97
074 N000500    20172
074 O000500     1231
074 P000500       21
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500      139
074 S000500        0
074 T000500    18781
074 U010500     2020
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076  000500     0.00
SIGNATURE   DOUGLAS A. ROMICH
TITLE       ASSISTANT TREASURER


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> 021
   <NAME> STATE STREET RESEARCH ARGO FUND CLASS A

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                      188,007,149
<INVESTMENTS-AT-VALUE>                     224,833,163
<RECEIVABLES>                                2,609,120
<ASSETS-OTHER>                                  48,991
<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                             0
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<OTHER-ITEMS-LIABILITIES>                   21,877,264
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<PAID-IN-CAPITAL-COMMON>                   133,816,442
<SHARES-COMMON-STOCK>                        3,612,861
<SHARES-COMMON-PRIOR>                        3,512,696
<ACCUMULATED-NII-CURRENT>                      336,422
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     34,635,132
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    36,826,014
<NET-ASSETS>                               205,614,010
<DIVIDEND-INCOME>                            3,708,696
<INTEREST-INCOME>                              274,330
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,833,449
<NET-INVESTMENT-INCOME>                      1,149,577
<REALIZED-GAINS-CURRENT>                    38,935,822
<APPREC-INCREASE-CURRENT>                 (23,505,974)
<NET-CHANGE-FROM-OPS>                       16,579,425
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (331,356)
<DISTRIBUTIONS-OF-GAINS>                   (7,384,171)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        952,096
<NUMBER-OF-SHARES-REDEEMED>                (1,245,552)
<SHARES-REINVESTED>                            393,621
<NET-CHANGE-IN-ASSETS>                    (27,511,969)
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<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                        1,348,049
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,952,378
<AVERAGE-NET-ASSETS>                       208,539,788
<PER-SHARE-NAV-BEGIN>                            21.68
<PER-SHARE-NII>                                   0.13
<PER-SHARE-GAIN-APPREC>                           1.64
<PER-SHARE-DIVIDEND>                            (0.09)
<PER-SHARE-DISTRIBUTIONS>                       (2.06)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.30
<EXPENSE-RATIO>                                   1.26
[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> 022
   <NAME> STATE STREET RESEARCH ARGO FUND CLASS B

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                      188,007,149
<INVESTMENTS-AT-VALUE>                     224,833,163
<RECEIVABLES>                                2,609,120
<ASSETS-OTHER>                                  48,991
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             227,491,274
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   21,877,264
<TOTAL-LIABILITIES>                         21,877,264
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   133,816,442
<SHARES-COMMON-STOCK>                        2,865,984
<SHARES-COMMON-PRIOR>                        2,456,991
<ACCUMULATED-NII-CURRENT>                      336,422
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     34,635,132
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    36,826,014
<NET-ASSETS>                               205,614,010
<DIVIDEND-INCOME>                            3,708,696
<INTEREST-INCOME>                              274,330
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,833,449
<NET-INVESTMENT-INCOME>                      1,149,577
<REALIZED-GAINS-CURRENT>                    38,935,822
<APPREC-INCREASE-CURRENT>                 (23,505,974)
<NET-CHANGE-FROM-OPS>                       16,579,425
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (5,516,923)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        798,834
<NUMBER-OF-SHARES-REDEEMED>                  (683,683)
<SHARES-REINVESTED>                            293,842
<NET-CHANGE-IN-ASSETS>                    (27,511,969)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   17,862,208
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,348,049
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,952,378
<AVERAGE-NET-ASSETS>                       208,539,788
<PER-SHARE-NAV-BEGIN>                            21.25
<PER-SHARE-NII>                                 (0.01)
<PER-SHARE-GAIN-APPREC>                           1.59
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (2.06)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.77
<EXPENSE-RATIO>                                   2.01
[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 ARGO FUND CLASS S

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                      188,007,149
<INVESTMENTS-AT-VALUE>                     224,833,163
<RECEIVABLES>                                2,609,120
<ASSETS-OTHER>                                  48,991
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             227,491,274
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   21,877,264
<TOTAL-LIABILITIES>                         21,877,264
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   133,816,442
<SHARES-COMMON-STOCK>                        2,979,974
<SHARES-COMMON-PRIOR>                        4,758,730
<ACCUMULATED-NII-CURRENT>                      336,422
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     34,635,132
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    36,826,014
<NET-ASSETS>                               205,614,010
<DIVIDEND-INCOME>                            3,708,696
<INTEREST-INCOME>                              274,330
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,833,449
<NET-INVESTMENT-INCOME>                      1,149,577
<REALIZED-GAINS-CURRENT>                    38,935,822
<APPREC-INCREASE-CURRENT>                 (23,505,974)
<NET-CHANGE-FROM-OPS>                       16,579,425
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (499,905)
<DISTRIBUTIONS-OF-GAINS>                   (9,054,570)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,203,797
<NUMBER-OF-SHARES-REDEEMED>                (4,486,925)
<SHARES-REINVESTED>                            504,372
<NET-CHANGE-IN-ASSETS>                    (27,511,969)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   17,862,208
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,348,049
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,952,378
<AVERAGE-NET-ASSETS>                       208,539,788
<PER-SHARE-NAV-BEGIN>                            21.65
<PER-SHARE-NII>                                   0.17
<PER-SHARE-GAIN-APPREC>                           1.64
<PER-SHARE-DIVIDEND>                            (0.14)
<PER-SHARE-DISTRIBUTIONS>                       (2.06)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.26
<EXPENSE-RATIO>                                   1.01
[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> 024
   <NAME> STATE STREET RESEARCH ARGO FUND CLASS C

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                      188,007,149
<INVESTMENTS-AT-VALUE>                     224,833,163
<RECEIVABLES>                                2,609,120
<ASSETS-OTHER>                                  48,991
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             227,491,274
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   21,877,264
<TOTAL-LIABILITIES>                         21,877,264
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   133,816,442
<SHARES-COMMON-STOCK>                           74,835
<SHARES-COMMON-PRIOR>                           80,780
<ACCUMULATED-NII-CURRENT>                      336,422
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     34,635,132
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    36,826,014
<NET-ASSETS>                               205,614,010
<DIVIDEND-INCOME>                            3,708,696
<INTEREST-INCOME>                              274,330
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,833,449
<NET-INVESTMENT-INCOME>                      1,149,577
<REALIZED-GAINS-CURRENT>                    38,935,822
<APPREC-INCREASE-CURRENT>                 (23,505,974)
<NET-CHANGE-FROM-OPS>                       16,579,425
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     (158,506)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        657,186
<NUMBER-OF-SHARES-REDEEMED>                  (671,001)
<SHARES-REINVESTED>                              7,870
<NET-CHANGE-IN-ASSETS>                    (27,511,969)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   17,862,208
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,348,049
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,952,378
<AVERAGE-NET-ASSETS>                       208,539,788
<PER-SHARE-NAV-BEGIN>                            21.26
<PER-SHARE-NII>                                 (0.01)
<PER-SHARE-GAIN-APPREC>                           1.59
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (2.06)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.78
<EXPENSE-RATIO>                                   2.01
[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> 025
   <NAME> STATE STREET RESEARCH ARGO FUND CLASS B(1)

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                      188,007,149
<INVESTMENTS-AT-VALUE>                     224,833,163
<RECEIVABLES>                                2,609,120
<ASSETS-OTHER>                                  48,991
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             227,491,274
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   21,877,264
<TOTAL-LIABILITIES>                         21,877,264
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   133,816,442
<SHARES-COMMON-STOCK>                          204,456
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                      336,422
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     34,635,132
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    36,826,014
<NET-ASSETS>                               205,614,010
<DIVIDEND-INCOME>                            3,708,696
<INTEREST-INCOME>                              274,330
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,833,449
<NET-INVESTMENT-INCOME>                      1,149,577
<REALIZED-GAINS-CURRENT>                    38,935,822
<APPREC-INCREASE-CURRENT>                 (23,505,974)
<NET-CHANGE-FROM-OPS>                       16,579,425
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (1,635)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        237,803
<NUMBER-OF-SHARES-REDEEMED>                   (33,497)
<SHARES-REINVESTED>                                150
<NET-CHANGE-IN-ASSETS>                    (27,511,969)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   17,862,208
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,348,049
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,952,378
<AVERAGE-NET-ASSETS>                       208,539,788
<PER-SHARE-NAV-BEGIN>                            18.66
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                           2.09
<PER-SHARE-DIVIDEND>                            (0.01)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.76
<EXPENSE-RATIO>                                   2.01
[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> 031
   <NAME> STATE STREET RESEARCH ALPHA FUND CLASS A

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                      286,185,309
<INVESTMENTS-AT-VALUE>                     346,074,820
<RECEIVABLES>                               10,882,919
<ASSETS-OTHER>                                  81,613
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             357,039,352
<PAYABLE-FOR-SECURITIES>                        36,660
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   28,978,293
<TOTAL-LIABILITIES>                         29,014,953
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   276,789,043
<SHARES-COMMON-STOCK>                        7,230,680
<SHARES-COMMON-PRIOR>                        7,463,083
<ACCUMULATED-NII-CURRENT>                    2,702,099
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    11,540,158
<ACCUM-APPREC-OR-DEPREC>                    60,073,415
<NET-ASSETS>                               328,024,399
<DIVIDEND-INCOME>                            6,435,576
<INTEREST-INCOME>                            6,138,176
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               5,545,083
<NET-INVESTMENT-INCOME>                      7,028,669
<REALIZED-GAINS-CURRENT>                  (10,791,405)
<APPREC-INCREASE-CURRENT>                  (5,842,718)
<NET-CHANGE-FROM-OPS>                      (9,605,454)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (2,160,169)
<DISTRIBUTIONS-OF-GAINS>                   (4,849,837)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,872,980
<NUMBER-OF-SHARES-REDEEMED>                (2,556,541)
<SHARES-REINVESTED>                            451,158
<NET-CHANGE-IN-ASSETS>                    (88,335,119)
<ACCUMULATED-NII-PRIOR>                        709,450
<ACCUMULATED-GAINS-PRIOR>                   15,836,634
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,332,465
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,735,599
<AVERAGE-NET-ASSETS>                       360,758,462
<PER-SHARE-NAV-BEGIN>                            16.80
<PER-SHARE-NII>                                   0.34
<PER-SHARE-GAIN-APPREC>                         (0.43)
<PER-SHARE-DIVIDEND>                            (0.28)
<PER-SHARE-DISTRIBUTIONS>                       (0.63)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.80
<EXPENSE-RATIO>                                   1.22
[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> 032
   <NAME> STATE STREET RESEARCH ALPHA FUND CLASS B

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                      286,185,309
<INVESTMENTS-AT-VALUE>                     346,074,820
<RECEIVABLES>                               10,882,919
<ASSETS-OTHER>                                  81,613
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             357,039,352
<PAYABLE-FOR-SECURITIES>                        36,660
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   28,978,293
<TOTAL-LIABILITIES>                         29,014,953
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   276,789,043
<SHARES-COMMON-STOCK>                        8,996,120
<SHARES-COMMON-PRIOR>                       10,445,474
<ACCUMULATED-NII-CURRENT>                    2,702,099
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    11,540,158
<ACCUM-APPREC-OR-DEPREC>                    60,073,415
<NET-ASSETS>                               328,024,399
<DIVIDEND-INCOME>                            6,435,576
<INTEREST-INCOME>                            6,138,176
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               5,545,083
<NET-INVESTMENT-INCOME>                      7,028,669
<REALIZED-GAINS-CURRENT>                  (10,791,405)
<APPREC-INCREASE-CURRENT>                  (5,842,718)
<NET-CHANGE-FROM-OPS>                      (9,605,454)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,709,386)
<DISTRIBUTIONS-OF-GAINS>                   (6,856,725)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,188,749
<NUMBER-OF-SHARES-REDEEMED>                (4,192,753)
<SHARES-REINVESTED>                            554,650
<NET-CHANGE-IN-ASSETS>                    (88,335,119)
<ACCUMULATED-NII-PRIOR>                        709,450
<ACCUMULATED-GAINS-PRIOR>                   15,836,634
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,332,465
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,735,599
<AVERAGE-NET-ASSETS>                       360,758,462
<PER-SHARE-NAV-BEGIN>                            16.74
<PER-SHARE-NII>                                   0.23
<PER-SHARE-GAIN-APPREC>                         (0.43)
<PER-SHARE-DIVIDEND>                            (0.17)
<PER-SHARE-DISTRIBUTIONS>                       (0.63)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.74
<EXPENSE-RATIO>                                   1.97
[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> 033
   <NAME> STATE STREET RESEARCH ALPHA FUND CLASS S

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                      286,185,309
<INVESTMENTS-AT-VALUE>                     346,074,820
<RECEIVABLES>                               10,882,919
<ASSETS-OTHER>                                  81,613
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             357,039,352
<PAYABLE-FOR-SECURITIES>                        36,660
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   28,978,293
<TOTAL-LIABILITIES>                         29,014,953
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   276,789,043
<SHARES-COMMON-STOCK>                        2,580,989
<SHARES-COMMON-PRIOR>                        5,319,529
<ACCUMULATED-NII-CURRENT>                    2,702,099
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    11,540,158
<ACCUM-APPREC-OR-DEPREC>                    60,073,415
<NET-ASSETS>                               328,024,399
<DIVIDEND-INCOME>                            6,435,576
<INTEREST-INCOME>                            6,138,176
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               5,545,083
<NET-INVESTMENT-INCOME>                      7,028,669
<REALIZED-GAINS-CURRENT>                  (10,791,405)
<APPREC-INCREASE-CURRENT>                  (5,842,718)
<NET-CHANGE-FROM-OPS>                      (9,605,454)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,319,451)
<DISTRIBUTIONS-OF-GAINS>                   (3,216,541)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,755,098
<NUMBER-OF-SHARES-REDEEMED>                (4,804,307)
<SHARES-REINVESTED>                            310,669
<NET-CHANGE-IN-ASSETS>                    (88,335,119)
<ACCUMULATED-NII-PRIOR>                        709,450
<ACCUMULATED-GAINS-PRIOR>                   15,836,634
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,332,465
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,735,599
<AVERAGE-NET-ASSETS>                       360,758,462
<PER-SHARE-NAV-BEGIN>                            16.80
<PER-SHARE-NII>                                   0.38
<PER-SHARE-GAIN-APPREC>                         (0.44)
<PER-SHARE-DIVIDEND>                            (0.32)
<PER-SHARE-DISTRIBUTIONS>                       (0.63)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.79
<EXPENSE-RATIO>                                   0.97
[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> 034
   <NAME> STATE STREET RESEARCH ALPHA FUND CLASS C

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                      286,185,309
<INVESTMENTS-AT-VALUE>                     346,074,820
<RECEIVABLES>                               10,882,919
<ASSETS-OTHER>                                  81,613
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             357,039,352
<PAYABLE-FOR-SECURITIES>                        36,660
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   28,978,293
<TOTAL-LIABILITIES>                         29,014,953
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   276,789,043
<SHARES-COMMON-STOCK>                        1,529,646
<SHARES-COMMON-PRIOR>                        1,602,712
<ACCUMULATED-NII-CURRENT>                    2,702,099
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    11,540,158
<ACCUM-APPREC-OR-DEPREC>                    60,073,415
<NET-ASSETS>                               328,024,399
<DIVIDEND-INCOME>                            6,435,576
<INTEREST-INCOME>                            6,138,176
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               5,545,083
<NET-INVESTMENT-INCOME>                      7,028,669
<REALIZED-GAINS-CURRENT>                  (10,791,405)
<APPREC-INCREASE-CURRENT>                  (5,842,718)
<NET-CHANGE-FROM-OPS>                      (9,605,454)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (300,621)
<DISTRIBUTIONS-OF-GAINS>                   (1,115,493)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        832,769
<NUMBER-OF-SHARES-REDEEMED>                  (995,360)
<SHARES-REINVESTED>                             89,525
<NET-CHANGE-IN-ASSETS>                    (88,335,119)
<ACCUMULATED-NII-PRIOR>                        709,450
<ACCUMULATED-GAINS-PRIOR>                   15,836,634
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,332,465
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,735,599
<AVERAGE-NET-ASSETS>                       360,758,462
<PER-SHARE-NAV-BEGIN>                            16.71
<PER-SHARE-NII>                                   0.23
<PER-SHARE-GAIN-APPREC>                         (0.43)
<PER-SHARE-DIVIDEND>                            (0.17)
<PER-SHARE-DISTRIBUTIONS>                       (0.63)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.71
<EXPENSE-RATIO>                                   1.97
[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> 035
   <NAME> STATE STREET RESEARCH ALPHA FUND CLASS B(1)

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                      286,185,309
<INVESTMENTS-AT-VALUE>                     346,074,820
<RECEIVABLES>                               10,882,919
<ASSETS-OTHER>                                  81,613
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             357,039,352
<PAYABLE-FOR-SECURITIES>                        36,660
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   28,978,293
<TOTAL-LIABILITIES>                         29,014,953
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   276,789,043
<SHARES-COMMON-STOCK>                          474,717
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                    2,702,099
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    11,540,158
<ACCUM-APPREC-OR-DEPREC>                    60,073,415
<NET-ASSETS>                               328,024,399
<DIVIDEND-INCOME>                            6,435,576
<INTEREST-INCOME>                            6,138,176
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               5,545,083
<NET-INVESTMENT-INCOME>                      7,028,669
<REALIZED-GAINS-CURRENT>                  (10,791,405)
<APPREC-INCREASE-CURRENT>                  (5,842,718)
<NET-CHANGE-FROM-OPS>                      (9,605,454)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (38,185)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        561,224
<NUMBER-OF-SHARES-REDEEMED>                   (88,763)
<SHARES-REINVESTED>                              2,256
<NET-CHANGE-IN-ASSETS>                    (88,335,119)
<ACCUMULATED-NII-PRIOR>                        709,450
<ACCUMULATED-GAINS-PRIOR>                   15,836,634
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,332,465
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,735,599
<AVERAGE-NET-ASSETS>                       360,758,462
<PER-SHARE-NAV-BEGIN>                            14.94
<PER-SHARE-NII>                                   0.11
<PER-SHARE-GAIN-APPREC>                           0.75
<PER-SHARE-DIVIDEND>                            (0.10)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.70
<EXPENSE-RATIO>                                   1.86
[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> 041
   <NAME> STATE STREET RESEARCH GLOBAL RESOURCES FUND CLASS A

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                      217,315,624
<INVESTMENTS-AT-VALUE>                     165,004,592
<RECEIVABLES>                                  208,399
<ASSETS-OTHER>                                  29,291
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             165,242,282
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    5,197,914
<TOTAL-LIABILITIES>                          5,197,914
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   258,389,324
<SHARES-COMMON-STOCK>                        5,525,602
<SHARES-COMMON-PRIOR>                        4,746,916
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    46,033,924
<ACCUM-APPREC-OR-DEPREC>                  (52,311,032)
<NET-ASSETS>                               160,044,368
<DIVIDEND-INCOME>                              645,335
<INTEREST-INCOME>                              245,811
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,969,461
<NET-INVESTMENT-INCOME>                    (2,078,315)
<REALIZED-GAINS-CURRENT>                  (46,014,337)
<APPREC-INCREASE-CURRENT>                  (6,567,556)
<NET-CHANGE-FROM-OPS>                     (54,660,208)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (3,619,542)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      9,547,596
<NUMBER-OF-SHARES-REDEEMED>                (9,116,127)
<SHARES-REINVESTED>                            347,217
<NET-CHANGE-IN-ASSETS>                    (55,331,046)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    9,199,004
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,116,563
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,995,022
<AVERAGE-NET-ASSETS>                       150,442,625
<PER-SHARE-NAV-BEGIN>                            17.35
<PER-SHARE-NII>                                 (0.11)
<PER-SHARE-GAIN-APPREC>                         (4.34)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.75)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.15
<EXPENSE-RATIO>                                   1.59
[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> 042
   <NAME> STATE STREET RESEARCH GLOBAL RESOURCES FUND CLASS B

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                      217,315,624
<INVESTMENTS-AT-VALUE>                     165,004,592
<RECEIVABLES>                                  208,399
<ASSETS-OTHER>                                  29,291
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             165,242,282
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    5,197,914
<TOTAL-LIABILITIES>                          5,197,914
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   258,389,324
<SHARES-COMMON-STOCK>                        4,898,888
<SHARES-COMMON-PRIOR>                        5,368,907
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    46,033,924
<ACCUM-APPREC-OR-DEPREC>                  (52,311,032)
<NET-ASSETS>                               160,044,368
<DIVIDEND-INCOME>                              645,335
<INTEREST-INCOME>                              245,811
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,969,461
<NET-INVESTMENT-INCOME>                    (2,078,315)
<REALIZED-GAINS-CURRENT>                  (46,014,337)
<APPREC-INCREASE-CURRENT>                  (6,567,556)
<NET-CHANGE-FROM-OPS>                     (54,660,208)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (3,887,699)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,834,773
<NUMBER-OF-SHARES-REDEEMED>                (2,697,037)
<SHARES-REINVESTED>                            392,245
<NET-CHANGE-IN-ASSETS>                    (55,331,046)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    9,199,004
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,116,563
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,995,022
<AVERAGE-NET-ASSETS>                       150,442,625
<PER-SHARE-NAV-BEGIN>                            16.71
<PER-SHARE-NII>                                 (0.19)
<PER-SHARE-GAIN-APPREC>                         (4.19)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.75)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.58
<EXPENSE-RATIO>                                   2.34
[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> 043
   <NAME> STATE STREET RESEARCH GLOBAL RESOURCES FUND CLASS S

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                      217,315,624
<INVESTMENTS-AT-VALUE>                     165,004,592
<RECEIVABLES>                                  208,399
<ASSETS-OTHER>                                  29,291
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             165,242,282
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    5,197,914
<TOTAL-LIABILITIES>                          5,197,914
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   258,389,324
<SHARES-COMMON-STOCK>                          449,650
<SHARES-COMMON-PRIOR>                          325,028
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    46,033,924
<ACCUM-APPREC-OR-DEPREC>                  (52,311,032)
<NET-ASSETS>                               160,044,368
<DIVIDEND-INCOME>                              645,335
<INTEREST-INCOME>                              245,811
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,969,461
<NET-INVESTMENT-INCOME>                    (2,078,315)
<REALIZED-GAINS-CURRENT>                  (46,014,337)
<APPREC-INCREASE-CURRENT>                  (6,567,556)
<NET-CHANGE-FROM-OPS>                     (54,660,208)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     (209,120)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        510,007
<NUMBER-OF-SHARES-REDEEMED>                  (406,508)
<SHARES-REINVESTED>                             21,123
<NET-CHANGE-IN-ASSETS>                    (55,331,046)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    9,199,004
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,116,563
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,995,022
<AVERAGE-NET-ASSETS>                       150,442,625
<PER-SHARE-NAV-BEGIN>                            17.67
<PER-SHARE-NII>                                 (0.08)
<PER-SHARE-GAIN-APPREC>                         (4.41)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.75)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.43
<EXPENSE-RATIO>                                   1.34
[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> 044
   <NAME> STATE STREET RESEARCH GLOBAL RESOURCES FUND CLASS C

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                      217,315,624
<INVESTMENTS-AT-VALUE>                     165,004,592
<RECEIVABLES>                                  208,399
<ASSETS-OTHER>                                  29,291
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             165,242,282
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    5,197,914
<TOTAL-LIABILITIES>                          5,197,914
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   258,389,324
<SHARES-COMMON-STOCK>                        2,212,208
<SHARES-COMMON-PRIOR>                        2,253,597
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    46,033,924
<ACCUM-APPREC-OR-DEPREC>                  (52,311,032)
<NET-ASSETS>                               160,044,368
<DIVIDEND-INCOME>                              645,335
<INTEREST-INCOME>                              245,811
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,969,461
<NET-INVESTMENT-INCOME>                    (2,078,315)
<REALIZED-GAINS-CURRENT>                  (46,014,337)
<APPREC-INCREASE-CURRENT>                  (6,567,556)
<NET-CHANGE-FROM-OPS>                     (54,660,208)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (1,503,483)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,115,539
<NUMBER-OF-SHARES-REDEEMED>                (1,305,845)
<SHARES-REINVESTED>                            148,917
<NET-CHANGE-IN-ASSETS>                    (55,331,046)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    9,199,004
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,116,563
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,995,022
<AVERAGE-NET-ASSETS>                       150,442,625
<PER-SHARE-NAV-BEGIN>                            16.67
<PER-SHARE-NII>                                 (0.19)
<PER-SHARE-GAIN-APPREC>                         (4.19)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.75)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.54
<EXPENSE-RATIO>                                   2.34
[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> 045
   <NAME> STATE STREET RESEARCH GLOBAL RESOURCES FUND CLASS B(1)

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                      217,315,624
<INVESTMENTS-AT-VALUE>                     165,004,592
<RECEIVABLES>                                  208,399
<ASSETS-OTHER>                                  29,291
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             165,242,282
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    5,197,914
<TOTAL-LIABILITIES>                          5,197,914
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   258,389,324
<SHARES-COMMON-STOCK>                          437,168
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    46,033,924
<ACCUM-APPREC-OR-DEPREC>                  (52,311,032)
<NET-ASSETS>                               160,044,368
<DIVIDEND-INCOME>                              645,335
<INTEREST-INCOME>                              245,811
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,969,461
<NET-INVESTMENT-INCOME>                    (2,078,315)
<REALIZED-GAINS-CURRENT>                  (46,014,337)
<APPREC-INCREASE-CURRENT>                  (6,567,556)
<NET-CHANGE-FROM-OPS>                     (54,660,208)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        552,033
<NUMBER-OF-SHARES-REDEEMED>                  (114,865)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                    (55,331,046)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    9,199,004
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,116,563
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,995,022
<AVERAGE-NET-ASSETS>                       150,442,625
<PER-SHARE-NAV-BEGIN>                             9.44
<PER-SHARE-NII>                                 (0.08)
<PER-SHARE-GAIN-APPREC>                           2.20
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.56
<EXPENSE-RATIO>                                   2.19
[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> 051
   <NAME> STATE STREET RESEARCH ATHLETES FUND CLASS A

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                       14,941,544
<INVESTMENTS-AT-VALUE>                      18,952,625
<RECEIVABLES>                                1,116,137
<ASSETS-OTHER>                                 103,536
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              20,172,298
<PAYABLE-FOR-SECURITIES>                     1,231,185
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      160,108
<TOTAL-LIABILITIES>                          1,391,293
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    14,837,905
<SHARES-COMMON-STOCK>                          251,578
<SHARES-COMMON-PRIOR>                          108,371
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        67,981
<ACCUM-APPREC-OR-DEPREC>                     4,011,081
<NET-ASSETS>                                18,781,005
<DIVIDEND-INCOME>                               81,932
<INTEREST-INCOME>                               34,532
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 154,490
<NET-INVESTMENT-INCOME>                       (38,026)
<REALIZED-GAINS-CURRENT>                        32,951
<APPREC-INCREASE-CURRENT>                    3,410,523
<NET-CHANGE-FROM-OPS>                        3,405,448
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (1,375)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        144,360
<NUMBER-OF-SHARES-REDEEMED>                    (1,259)
<SHARES-REINVESTED>                                106
<NET-CHANGE-IN-ASSETS>                       8,859,260
<ACCUMULATED-NII-PRIOR>                         14,798
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     100,932
<GROSS-ADVISORY-FEES>                           88,232
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                369,785
<AVERAGE-NET-ASSETS>                        13,574,154
<PER-SHARE-NAV-BEGIN>                             7.36
<PER-SHARE-NII>                                 (0.03)
<PER-SHARE-GAIN-APPREC>                           1.97
<PER-SHARE-DIVIDEND>                            (0.01)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.29
<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> 052
   <NAME> STATE STREET RESEARCH ATHLETES FUND CLASS B

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                       14,941,544
<INVESTMENTS-AT-VALUE>                      18,952,625
<RECEIVABLES>                                1,116,137
<ASSETS-OTHER>                                 103,536
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              20,172,298
<PAYABLE-FOR-SECURITIES>                     1,231,185
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      160,108
<TOTAL-LIABILITIES>                          1,391,293
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    14,837,905
<SHARES-COMMON-STOCK>                           86,365
<SHARES-COMMON-PRIOR>                           72,159
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        67,981
<ACCUM-APPREC-OR-DEPREC>                     4,011,081
<NET-ASSETS>                                18,781,005
<DIVIDEND-INCOME>                               81,932
<INTEREST-INCOME>                               34,532
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 154,490
<NET-INVESTMENT-INCOME>                       (38,026)
<REALIZED-GAINS-CURRENT>                        32,951
<APPREC-INCREASE-CURRENT>                    3,410,523
<NET-CHANGE-FROM-OPS>                        3,405,448
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         14,242
<NUMBER-OF-SHARES-REDEEMED>                       (36)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       8,859,260
<ACCUMULATED-NII-PRIOR>                         14,798
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     100,932
<GROSS-ADVISORY-FEES>                           88,232
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                369,785
<AVERAGE-NET-ASSETS>                        13,574,154
<PER-SHARE-NAV-BEGIN>                             7.34
<PER-SHARE-NII>                                 (0.09)
<PER-SHARE-GAIN-APPREC>                           1.95
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.20
<EXPENSE-RATIO>                                   2.00
[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> 053
   <NAME> STATE STREET RESEARCH ATHLETES FUND CLASS S

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                       14,941,544
<INVESTMENTS-AT-VALUE>                      18,952,625
<RECEIVABLES>                                1,116,137
<ASSETS-OTHER>                                 103,536
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              20,172,298
<PAYABLE-FOR-SECURITIES>                     1,231,185
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      160,108
<TOTAL-LIABILITIES>                          1,391,293
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    14,837,905
<SHARES-COMMON-STOCK>                        1,540,011
<SHARES-COMMON-PRIOR>                        1,095,874
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        67,981
<ACCUM-APPREC-OR-DEPREC>                     4,011,081
<NET-ASSETS>                                18,781,005
<DIVIDEND-INCOME>                               81,932
<INTEREST-INCOME>                               34,532
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 154,490
<NET-INVESTMENT-INCOME>                       (38,026)
<REALIZED-GAINS-CURRENT>                        32,951
<APPREC-INCREASE-CURRENT>                    3,410,523
<NET-CHANGE-FROM-OPS>                        3,405,448
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (10,313)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        673,473
<NUMBER-OF-SHARES-REDEEMED>                  (229,336)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       8,859,260
<ACCUMULATED-NII-PRIOR>                         14,798
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     100,932
<GROSS-ADVISORY-FEES>                           88,232
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                369,785
<AVERAGE-NET-ASSETS>                        13,574,154
<PER-SHARE-NAV-BEGIN>                             7.36
<PER-SHARE-NII>                                 (0.01)
<PER-SHARE-GAIN-APPREC>                           1.97
<PER-SHARE-DIVIDEND>                            (0.01)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.31
<EXPENSE-RATIO>                                   1.00
[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> 054
   <NAME> STATE STREET RESEARCH ATHLETES FUND CLASS C

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                       14,941,544
<INVESTMENTS-AT-VALUE>                      18,952,625
<RECEIVABLES>                                1,116,137
<ASSETS-OTHER>                                 103,536
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              20,172,298
<PAYABLE-FOR-SECURITIES>                     1,231,185
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      160,108
<TOTAL-LIABILITIES>                          1,391,293
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    14,837,905
<SHARES-COMMON-STOCK>                           73,058
<SHARES-COMMON-PRIOR>                           71,441
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        67,981
<ACCUM-APPREC-OR-DEPREC>                     4,011,081
<NET-ASSETS>                                18,781,005
<DIVIDEND-INCOME>                               81,932
<INTEREST-INCOME>                               34,532
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 154,490
<NET-INVESTMENT-INCOME>                       (38,026)
<REALIZED-GAINS-CURRENT>                        32,951
<APPREC-INCREASE-CURRENT>                    3,410,523
<NET-CHANGE-FROM-OPS>                        3,405,448
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,617
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       8,859,260
<ACCUMULATED-NII-PRIOR>                         14,798
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     100,932
<GROSS-ADVISORY-FEES>                           88,232
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                369,785
<AVERAGE-NET-ASSETS>                        13,574,154
<PER-SHARE-NAV-BEGIN>                             7.34
<PER-SHARE-NII>                                 (0.09)
<PER-SHARE-GAIN-APPREC>                           1.96
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.21
<EXPENSE-RATIO>                                   2.00
[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> 055
   <NAME> STATE STREET RESEARCH ATHLETES FUND CLASS B1

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                       14,941,544
<INVESTMENTS-AT-VALUE>                      18,952,625
<RECEIVABLES>                                1,116,137
<ASSETS-OTHER>                                 103,536
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              20,172,298
<PAYABLE-FOR-SECURITIES>                     1,231,185
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      160,108
<TOTAL-LIABILITIES>                          1,391,293
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    14,837,905
<SHARES-COMMON-STOCK>                           68,939
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        67,981
<ACCUM-APPREC-OR-DEPREC>                     4,011,081
<NET-ASSETS>                                18,781,005
<DIVIDEND-INCOME>                               81,932
<INTEREST-INCOME>                               34,532
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 154,490
<NET-INVESTMENT-INCOME>                       (38,026)
<REALIZED-GAINS-CURRENT>                        32,951
<APPREC-INCREASE-CURRENT>                    3,410,523
<NET-CHANGE-FROM-OPS>                        3,405,448
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         68,939
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       8,859,260
<ACCUMULATED-NII-PRIOR>                         14,798
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     100,932
<GROSS-ADVISORY-FEES>                           88,232
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                369,785
<AVERAGE-NET-ASSETS>                        13,574,154
<PER-SHARE-NAV-BEGIN>                             8.34
<PER-SHARE-NII>                                 (0.05)
<PER-SHARE-GAIN-APPREC>                           1.91
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.20
<EXPENSE-RATIO>                                   2.00
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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