STATE STREET RESEARCH EQUITY TRUST
NSAR-A, EX-27, 2000-08-29
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<TABLE> <S> <C>


<ARTICLE>                     6
<SERIES>
   <NUMBER>                   035
   <NAME>                     STATE STREET RESEARCH ALPHA FUND -- CLASS B(1)

<S>                                            <C>
<PERIOD-TYPE>                                         YEAR
<FISCAL-YEAR-END>                              JUN-30-2000
<PERIOD-START>                                 JUL-01-1999
<PERIOD-END>                                   JUN-30-2000
<INVESTMENTS-AT-COST>                          193,748,471
<INVESTMENTS-AT-VALUE>                         196,192,003
<RECEIVABLES>                                    2,504,535
<ASSETS-OTHER>                                      19,619
<OTHER-ITEMS-ASSETS>                                     0
<TOTAL-ASSETS>                                 198,716,157
<PAYABLE-FOR-SECURITIES>                         2,495,564
<SENIOR-LONG-TERM-DEBT>                                  0
<OTHER-ITEMS-LIABILITIES>                        8,195,452
<TOTAL-LIABILITIES>                             10,691,016
<SENIOR-EQUITY>                                          0
<PAID-IN-CAPITAL-COMMON>                       179,731,006
<SHARES-COMMON-STOCK>                              739,537
<SHARES-COMMON-PRIOR>                              474,717
<ACCUMULATED-NII-CURRENT>                        1,340,181
<OVERDISTRIBUTION-NII>                                   0
<ACCUMULATED-NET-GAINS>                          4,510,374
<OVERDISTRIBUTION-GAINS>                                 0
<ACCUM-APPREC-OR-DEPREC>                         2,443,580
<NET-ASSETS>                                   188,025,141
<DIVIDEND-INCOME>                                3,798,404
<INTEREST-INCOME>                                3,437,672
<OTHER-INCOME>                                           0
<EXPENSES-NET>                                   4,066,407
<NET-INVESTMENT-INCOME>                          3,169,669
<REALIZED-GAINS-CURRENT>                        20,150,175
<APPREC-INCREASE-CURRENT>                      (57,629,835)
<NET-CHANGE-FROM-OPS>                          (34,309,991)
<EQUALIZATION>                                           0
<DISTRIBUTIONS-OF-INCOME>                         (160,436)
<DISTRIBUTIONS-OF-GAINS>                          (154,082)
<DISTRIBUTIONS-OTHER>                                    0
<NUMBER-OF-SHARES-SOLD>                            469,504
<NUMBER-OF-SHARES-REDEEMED>                        225,379
<SHARES-REINVESTED>                                 20,695
<NET-CHANGE-IN-ASSETS>                        (139,999,257)
<ACCUMULATED-NII-PRIOR>                          2,702,099
<ACCUMULATED-GAINS-PRIOR>                                0
<OVERDISTRIB-NII-PRIOR>                                  0
<OVERDIST-NET-GAINS-PRIOR>                      11,540,158
<GROSS-ADVISORY-FEES>                            1,637,785
<INTEREST-EXPENSE>                                       0
<GROSS-EXPENSE>                                  4,685,862
<AVERAGE-NET-ASSETS>                           251,966,958
<PER-SHARE-NAV-BEGIN>                                15.70
<PER-SHARE-NII>                                       0.13
<PER-SHARE-GAIN-APPREC>                              (1.80)
<PER-SHARE-DIVIDEND>                                 (0.23)
<PER-SHARE-DISTRIBUTIONS>                            (0.22)
<RETURNS-OF-CAPITAL>                                     0
<PER-SHARE-NAV-END>                                  13.58
<EXPENSE-RATIO>                                       2.01



</TABLE>


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