STATE STREET RESEARCH EQUITY TRUST
NSAR-A, 1999-02-26
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<PAGE>      PAGE  1
000 A000000 12/31/98
000 C000000 0000790941
000 D000000 N
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000 J000000 U
001 A000000 STATE STREET RESEARCH EQUITY TRUST
001 B000000 811-4624
001 C000000 6173571200
002 A000000 ONE FINANCIAL CENTER
002 B000000 BOSTON
002 C000000 MA
002 D010000 02111
002 D020000 2690
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
007 C010100  1
007 C010200  2
007 C020200 STATE STREET RESEARCH ARGO FUND
007 C030200 N
007 C010300  3
007 C020300 STATE STREET RESEARCH ALPHA FUND
007 C030300 N
007 C010400  4
007 C020400 STATE STREET RESEARCH GLOBAL RESOURCES FUND
007 C030400 N
007 C010500  5
007 C020500 STATE STREET RESEARCH ATHLETES FUND
007 C030500 N
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
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012 A00AA01 STATE STREET RESEARCH SERVICE CENTER
012 B00AA01 85-26468
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02111
012 C04AA01 2690
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BOSTON
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<PAGE>      PAGE  2
018  00AA00 Y
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020 B000001 13-2798343
020 C000001     57
020 A000002 DONALD, LUFKIN & JENRETTE
020 B000002 13-2741729
020 C000002     54
020 A000003 JEFFRIES & CO.
020 B000003 95-2622900
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020 A000004 BT ALEX BROWN INC.
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020 B000006 1303299429
020 C000006     42
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020 C000007     42
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020 C000008     33
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020 C000009     32
020 A000010 NESBITT BURNS INC.
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022 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
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<PAGE>      PAGE  3
022 A000006 JOHN DEERE CAPITAL CORP.
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022 D000007         0
022 A000008 STATE STREET BANK
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022 A000009 FIRST BOSTON CORP.
022 B000009 13-5659485
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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028 F040500       328
028 G010500      3722
028 G020500         1
028 G030500         0
028 G040500       905
028 H000500       928
029  000500 Y
030 A000500      1
030 B000500  4.50
030 C000500  0.00
031 A000500      0
031 B000500      0
032  000500      0
033  000500      0
034  000500 N
035  000500      0
036 B000500      0
037  000500 N
038  000500      0
039  000500 N
040  000500 Y
041  000500 Y
042 A000500  16
042 B000500   1
042 C000500   0
042 D000500   5
042 E000500  41
042 F000500   0
042 G000500  37
042 H000500   0
043  000500      7
044  000500    211
058 A000500 N
059  000500 Y
060 A000500 Y
060 B000500 Y
061  000500    25000
062 A000500 N
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   0.0
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
062 I000500   0.0
062 J000500   0.0
062 K000500   0.0
062 L000500   0.0
062 M000500   0.0
<PAGE>      PAGE  20
062 N000500   0.0
062 O000500   0.0
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 Y
066 E000500 N
066 F000500 N
066 G000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
071 A000500     10549
071 B000500      7493
071 C000500      9932
071 D000500   75
072 A000500  6
072 B000500       19
072 C000500       35
072 D000500        0
072 E000500        0
072 F000500       35
072 G000500        0
072 H000500        0
072 I000500        0
072 J000500       46
072 K000500        0
072 L000500       15
072 M000500        7
072 N000500        0
072 O000500        0
072 P000500        0
072 Q000500        0
072 R000500        4
072 S000500        4
072 T000500        7
072 U000500        9
072 V000500        0
072 W000500        0
072 X000500      127
072 Y000500       65
072 Z000500       -8
072AA000500        0
072BB000500      515
072CC010500     2181
072CC020500        0
072DD010500       12
<PAGE>      PAGE  21
072DD020500        0
072EE000500        0
073 A010500   0.0100
073 A020500   0.0000
073 B000500   0.0000
073 C000500   0.0000
074 A000500        0
074 B000500        0
074 C000500      839
074 D000500        0
074 E000500        0
074 F000500    13536
074 G000500        0
074 H000500        0
074 I000500        0
074 J000500        0
074 K000500       12
074 L000500        5
074 M000500       76
074 N000500    14468
074 O000500        0
074 P000500       29
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500       53
074 S000500        0
074 T000500    14386
074 U010500     1715
074 U020500        0
074 V010500     8.40
074 V020500     8.34
074 W000500   0.0000
074 X000500       43
074 Y000500        0
075 A000500        0
075 B000500    10593
076  000500     0.00
SIGNATURE   DOUGLAS A. ROMICH                            
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

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<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
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   <NAME> STATE STREET RESEARCH ARGO FUND CLASS A
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 022
   <NAME> STATE STREET RESEARCH ARGO FUND CLASS B
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

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

<TABLE> <S> <C>

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<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
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   <NUMBER> 024
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<S>                             <C>
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<FISCAL-YEAR-END>                          JUN-30-1999
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<PER-SHARE-NII>                                 (0.02)
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<PER-SHARE-NAV-END>                              18.67
<EXPENSE-RATIO>                                   2.01
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 031
   <NAME> STATE STREET RESEARCH ALPHA FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               DEC-31-1998
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<PAID-IN-CAPITAL-COMMON>                   356,037,928
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<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                   (4,849,837)
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<NUMBER-OF-SHARES-REDEEMED>                (1,122,087)
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<ACCUMULATED-GAINS-PRIOR>                   15,836,634
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<EXPENSE-RATIO>                                   1.26
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 032
   <NAME> STATE STREET RESEARCH ALPHA FUND CLASS B
       
<S>                             <C>
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<FISCAL-YEAR-END>                          JUN-30-1999
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<PER-SHARE-NAV-BEGIN>                            16.74
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<PER-SHARE-DISTRIBUTIONS>                       (0.63)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.94
<EXPENSE-RATIO>                                   2.01
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 033
   <NAME> STATE STREET RESEARCH ALPHA FUND CLASS S
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               DEC-31-1998
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<TOTAL-LIABILITIES>                         32,448,911
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   356,037,928
<SHARES-COMMON-STOCK>                        4,918,275
<SHARES-COMMON-PRIOR>                        5,319,529
<ACCUMULATED-NII-CURRENT>                    1,659,232
<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                  (18,446,260)
<ACCUM-APPREC-OR-DEPREC>                    53,176,378
<NET-ASSETS>                               392,427,278
<DIVIDEND-INCOME>                            3,422,988
<INTEREST-INCOME>                            3,608,719
<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                      4,003,541
<REALIZED-GAINS-CURRENT>                  (18,244,298)
<APPREC-INCREASE-CURRENT>                 (12,739,755)
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (810,218)
<DISTRIBUTIONS-OF-GAINS>                   (3,216,541)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,154,040
<NUMBER-OF-SHARES-REDEEMED>                (1,831,991)
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<NET-CHANGE-IN-ASSETS>                    (23,932,240)
<ACCUMULATED-NII-PRIOR>                        709,450
<ACCUMULATED-GAINS-PRIOR>                   15,836,634
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,250,693
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,115,753
<AVERAGE-NET-ASSETS>                       384,828,615
<PER-SHARE-NAV-BEGIN>                            16.80
<PER-SHARE-NII>                                   0.19
<PER-SHARE-GAIN-APPREC>                         (1.21)
<PER-SHARE-DIVIDEND>                            (0.16)
<PER-SHARE-DISTRIBUTIONS>                       (0.63)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.99
<EXPENSE-RATIO>                                   1.01
<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-30-1999
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                      359,526,132
<INVESTMENTS-AT-VALUE>                     412,740,344
<RECEIVABLES>                               12,095,162
<ASSETS-OTHER>                                  25,296
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             424,860,802
<PAYABLE-FOR-SECURITIES>                    10,104,393
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   22,344,518
<TOTAL-LIABILITIES>                         32,448,911
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   356,037,928
<SHARES-COMMON-STOCK>                        1,948,042
<SHARES-COMMON-PRIOR>                        1,602,712
<ACCUMULATED-NII-CURRENT>                    1,659,232
<OVERDISTRIBUTION-NII>                               0
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<ACCUM-APPREC-OR-DEPREC>                    53,176,378
<NET-ASSETS>                               392,427,278
<DIVIDEND-INCOME>                            3,422,988
<INTEREST-INCOME>                            3,608,719
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               3,028,166
<NET-INVESTMENT-INCOME>                      4,003,541
<REALIZED-GAINS-CURRENT>                  (18,244,298)
<APPREC-INCREASE-CURRENT>                 (12,739,755)
<NET-CHANGE-FROM-OPS>                     (26,980,512)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (169,704)
<DISTRIBUTIONS-OF-GAINS>                   (1,115,493)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        663,651
<NUMBER-OF-SHARES-REDEEMED>                  (399,913)
<SHARES-REINVESTED>                             81,592
<NET-CHANGE-IN-ASSETS>                    (23,932,240)
<ACCUMULATED-NII-PRIOR>                        709,450
<ACCUMULATED-GAINS-PRIOR>                   15,836,634
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,250,693
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,115,753
<AVERAGE-NET-ASSETS>                       384,828,615
<PER-SHARE-NAV-BEGIN>                            16.71
<PER-SHARE-NII>                                   0.12
<PER-SHARE-GAIN-APPREC>                         (1.20)
<PER-SHARE-DIVIDEND>                            (0.09)
<PER-SHARE-DISTRIBUTIONS>                       (0.63)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.91
<EXPENSE-RATIO>                                   2.01
<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-30-1999
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                      234,198,228
<INVESTMENTS-AT-VALUE>                     131,488,005
<RECEIVABLES>                                1,606,785
<ASSETS-OTHER>                                     500
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             133,095,290
<PAYABLE-FOR-SECURITIES>                       250,720
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    6,817,697
<TOTAL-LIABILITIES>                          7,068,417
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   255,809,414
<SHARES-COMMON-STOCK>                        5,155,905
<SHARES-COMMON-PRIOR>                        4,746,916
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (27,072,318)
<ACCUM-APPREC-OR-DEPREC>                 (102,710,223)
<NET-ASSETS>                               126,026,873
<DIVIDEND-INCOME>                              359,411
<INTEREST-INCOME>                              179,574
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,690,374
<NET-INVESTMENT-INCOME>                    (1,151,389)
<REALIZED-GAINS-CURRENT>                  (27,051,864)
<APPREC-INCREASE-CURRENT>                 (56,966,747)
<NET-CHANGE-FROM-OPS>                     (85,170,000)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (3,619,471)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,943,743
<NUMBER-OF-SHARES-REDEEMED>                (3,881,971)
<SHARES-REINVESTED>                            347,217
<NET-CHANGE-IN-ASSETS>                    (89,348,541)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    9,199,004
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          616,290
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,710,169
<AVERAGE-NET-ASSETS>                       164,344,000
<PER-SHARE-NAV-BEGIN>                            17.35
<PER-SHARE-NII>                                 (0.06)
<PER-SHARE-GAIN-APPREC>                         (6.66)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.75)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.88
<EXPENSE-RATIO>                                   1.62
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 042
   <NAME> STATE STREET RESEARCH GLOBAL RESOURCES FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                      234,198,228
<INVESTMENTS-AT-VALUE>                     131,488,005
<RECEIVABLES>                                1,606,785
<ASSETS-OTHER>                                     500
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             133,095,290
<PAYABLE-FOR-SECURITIES>                       250,720
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    6,817,697
<TOTAL-LIABILITIES>                          7,068,417
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   255,809,414
<SHARES-COMMON-STOCK>                        5,518,716
<SHARES-COMMON-PRIOR>                        3,610,815
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (27,072,318)
<ACCUM-APPREC-OR-DEPREC>                 (102,710,223)
<NET-ASSETS>                               126,026,873
<DIVIDEND-INCOME>                              359,411
<INTEREST-INCOME>                              179,574
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,690,374
<NET-INVESTMENT-INCOME>                    (1,151,389)
<REALIZED-GAINS-CURRENT>                  (27,051,864)
<APPREC-INCREASE-CURRENT>                 (56,966,747)
<NET-CHANGE-FROM-OPS>                     (85,170,000)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (3,887,384)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,256,571
<NUMBER-OF-SHARES-REDEEMED>                (1,499,007)
<SHARES-REINVESTED>                            392,245
<NET-CHANGE-IN-ASSETS>                    (89,348,541)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    9,199,004
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          616,290
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,710,169
<AVERAGE-NET-ASSETS>                       164,344,000
<PER-SHARE-NAV-BEGIN>                            16.71
<PER-SHARE-NII>                                 (0.11)
<PER-SHARE-GAIN-APPREC>                         (6.41)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.75)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.44
<EXPENSE-RATIO>                                   2.37
<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-30-1999
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                      234,198,228
<INVESTMENTS-AT-VALUE>                     131,488,005
<RECEIVABLES>                                1,606,785
<ASSETS-OTHER>                                     500
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             133,095,290
<PAYABLE-FOR-SECURITIES>                       250,720
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    6,817,697
<TOTAL-LIABILITIES>                          7,068,417
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   255,809,414
<SHARES-COMMON-STOCK>                          308,354
<SHARES-COMMON-PRIOR>                          325,028
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (27,072,318)
<ACCUM-APPREC-OR-DEPREC>                 (102,710,223)
<NET-ASSETS>                               126,026,873
<DIVIDEND-INCOME>                              359,411
<INTEREST-INCOME>                              179,574
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,690,374
<NET-INVESTMENT-INCOME>                    (1,151,389)
<REALIZED-GAINS-CURRENT>                  (27,051,864)
<APPREC-INCREASE-CURRENT>                 (56,966,747)
<NET-CHANGE-FROM-OPS>                     (85,170,000)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     (209,120)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        218,670
<NUMBER-OF-SHARES-REDEEMED>                  (256,467)
<SHARES-REINVESTED>                             21,123
<NET-CHANGE-IN-ASSETS>                    (89,348,541)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    9,199,004
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          616,290
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,710,169
<AVERAGE-NET-ASSETS>                       164,344,000
<PER-SHARE-NAV-BEGIN>                            17.67
<PER-SHARE-NII>                                 (0.04)
<PER-SHARE-GAIN-APPREC>                         (6.79)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.75)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.09
<EXPENSE-RATIO>                                   1.37
<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-30-1999
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                      234,198,228
<INVESTMENTS-AT-VALUE>                     131,488,005
<RECEIVABLES>                                1,606,785
<ASSETS-OTHER>                                     500
<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                       250,720
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    6,817,697
<TOTAL-LIABILITIES>                          7,068,417
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   255,809,414
<SHARES-COMMON-STOCK>                        2,108,383
<SHARES-COMMON-PRIOR>                        2,253,597
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (27,072,318)
<ACCUM-APPREC-OR-DEPREC>                 (102,710,223)
<NET-ASSETS>                               126,026,873
<DIVIDEND-INCOME>                              359,411
<INTEREST-INCOME>                              179,574
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,690,374
<NET-INVESTMENT-INCOME>                    (1,151,389)
<REALIZED-GAINS-CURRENT>                  (27,051,864)
<APPREC-INCREASE-CURRENT>                 (56,966,747)
<NET-CHANGE-FROM-OPS>                     (85,170,000)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (1,503,483)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        498,272
<NUMBER-OF-SHARES-REDEEMED>                  (792,403)
<SHARES-REINVESTED>                            148,917
<NET-CHANGE-IN-ASSETS>                    (89,348,541)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    9,199,004
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          616,290
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,710,169
<AVERAGE-NET-ASSETS>                       164,344,000
<PER-SHARE-NAV-BEGIN>                            16.67
<PER-SHARE-NII>                                 (0.11)
<PER-SHARE-GAIN-APPREC>                         (6.39)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.75)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.42
<EXPENSE-RATIO>                                   2.37
<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> 051
   <NAME> STATE STREET RESEARCH ATHLETES FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                       11,594,048
<INVESTMENTS-AT-VALUE>                      14,375,341
<RECEIVABLES>                                   16,523
<ASSETS-OTHER>                                  76,144
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              14,468,008
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       81,750
<TOTAL-LIABILITIES>                             81,750
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    12,225,477
<SHARES-COMMON-STOCK>                          229,560
<SHARES-COMMON-PRIOR>                          108,371
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         (4,516)
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     (615,996)
<ACCUM-APPREC-OR-DEPREC>                     2,781,293
<NET-ASSETS>                                14,386,258
<DIVIDEND-INCOME>                               35,445
<INTEREST-INCOME>                               18,843
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  61,914
<NET-INVESTMENT-INCOME>                        (7,626)
<REALIZED-GAINS-CURRENT>                     (515,064)
<APPREC-INCREASE-CURRENT>                    2,180,735
<NET-CHANGE-FROM-OPS>                        1,658,045
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (1,374)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        121,143
<NUMBER-OF-SHARES-REDEEMED>                       (60)
<SHARES-REINVESTED>                                106
<NET-CHANGE-IN-ASSETS>                       4,464,513
<ACCUMULATED-NII-PRIOR>                         14,798
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                   (100,932)
<GROSS-ADVISORY-FEES>                           34,426
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                127,689
<AVERAGE-NET-ASSETS>                        10,529,615
<PER-SHARE-NAV-BEGIN>                             7.36
<PER-SHARE-NII>                                 (0.01)
<PER-SHARE-GAIN-APPREC>                           1.04
<PER-SHARE-DIVIDEND>                            (0.01)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.38
<EXPENSE-RATIO>                                   1.26
<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> 052
   <NAME> STATE STREET RESEARCH ATHLETES FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                       11,594,048
<INVESTMENTS-AT-VALUE>                      14,375,341
<RECEIVABLES>                                   16,523
<ASSETS-OTHER>                                  76,144
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              14,468,008
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       81,750
<TOTAL-LIABILITIES>                             81,750
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    12,225,477
<SHARES-COMMON-STOCK>                           81,507
<SHARES-COMMON-PRIOR>                           72,159
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         (4,516)
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     (615,996)
<ACCUM-APPREC-OR-DEPREC>                     2,781,293
<NET-ASSETS>                                14,386,258
<DIVIDEND-INCOME>                               35,445
<INTEREST-INCOME>                               18,843
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  61,914
<NET-INVESTMENT-INCOME>                        (7,626)
<REALIZED-GAINS-CURRENT>                     (515,064)
<APPREC-INCREASE-CURRENT>                    2,180,735
<NET-CHANGE-FROM-OPS>                        1,658,045
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          9,348
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       4,464,513
<ACCUMULATED-NII-PRIOR>                         14,798
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                   (100,932)
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<PER-SHARE-NAV-BEGIN>                             7.34
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 053
   <NAME> STATE STREET RESEARCH ATHLETES FUND CLASS S
       
<S>                             <C>
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<PERIOD-END>                               DEC-31-1998
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<INVESTMENTS-AT-VALUE>                      14,375,341
<RECEIVABLES>                                   16,523
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<PAYABLE-FOR-SECURITIES>                             0
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<SHARES-COMMON-PRIOR>                        1,095,874
<ACCUMULATED-NII-CURRENT>                            0
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<OVERDISTRIBUTION-GAINS>                     (615,996)
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<DIVIDEND-INCOME>                               35,445
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<NET-INVESTMENT-INCOME>                        (7,626)
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<NET-CHANGE-FROM-OPS>                        1,658,045
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (10,314)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790941
<NAME> STATE STREET RESEARCH EQUITY TRUST
<SERIES>
   <NUMBER> 054
   <NAME> STATE STREET RESEARCH ATHLETES FUND CLASS C
       
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<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               DEC-31-1998
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<PAYABLE-FOR-SECURITIES>                             0
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<OTHER-ITEMS-LIABILITIES>                       81,750
<TOTAL-LIABILITIES>                             81,750
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    12,225,477
<SHARES-COMMON-STOCK>                           71,441
<SHARES-COMMON-PRIOR>                           71,441
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         (4,516)
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     (615,996)
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<NET-ASSETS>                                14,386,258
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<NET-INVESTMENT-INCOME>                        (7,626)
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<EQUALIZATION>                                       0
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<OVERDIST-NET-GAINS-PRIOR>                   (100,932)
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</TABLE>


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