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<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 147129
<OVERDIST-NET-GAINS-PRIOR> 2108820
<GROSS-ADVISORY-FEES> 182593
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 373836
<AVERAGE-NET-ASSETS> 126293<F1>
<PER-SHARE-NAV-BEGIN> 12.56<F1>
<PER-SHARE-NII> (0.44)<F1>
<PER-SHARE-GAIN-APPREC> 2.05<F1>
<PER-SHARE-DIVIDEND> 0.00<F1>
<PER-SHARE-DISTRIBUTIONS> 0.00<F1>
<RETURNS-OF-CAPITAL> 0.00<F1>
<PER-SHARE-NAV-END> 14.17<F1>
<EXPENSE-RATIO> 2.99 <F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<FN>
<F1> Class C
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000842436
<NAME> ALPINE EQUITY TRUST
<SERIES>
<NUMBER> 014
<NAME> ALPINE INTERNATIONAL REAL ESTATE EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 39957881
<INVESTMENTS-AT-VALUE> 40691867
<RECEIVABLES> 195177
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 40147
<TOTAL-ASSETS> 40927191
<PAYABLE-FOR-SECURITIES> 121320
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 892613
<TOTAL-LIABILITIES> 1013933
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 40259108
<SHARES-COMMON-STOCK> 2674457<F1>
<SHARES-COMMON-PRIOR> 2673194<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 177125
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 889665
<ACCUM-APPREC-OR-DEPREC> 720940
<NET-ASSETS> 39913258
<DIVIDEND-INCOME> 381498
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 373836
<NET-INVESTMENT-INCOME> 7662
<REALIZED-GAINS-CURRENT> 1219155
<APPREC-INCREASE-CURRENT> 3388504
<NET-CHANGE-FROM-OPS> 4615321
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 37658<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 281706
<NUMBER-OF-SHARES-REDEEMED> 298446
<SHARES-REINVESTED> 2728
<NET-CHANGE-IN-ASSETS> 4502992
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 147129
<OVERDIST-NET-GAINS-PRIOR> 2108820
<GROSS-ADVISORY-FEES> 182593
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 373836
<AVERAGE-NET-ASSETS> 36410979<F1>
<PER-SHARE-NAV-BEGIN> 12.96<F1>
<PER-SHARE-NII> 0.00<F1>
<PER-SHARE-GAIN-APPREC> 1.73<F1>
<PER-SHARE-DIVIDEND> 0.01<F1>
<PER-SHARE-DISTRIBUTIONS> 0.00<F1>
<RETURNS-OF-CAPITAL> 0.00<F1>
<PER-SHARE-NAV-END> 14.68<F1>
<EXPENSE-RATIO> 2.03<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<FN>
<F1> Class Y
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000842436
<NAME> ALPINE EQUITY TRUST
<SERIES>
<NUMBER> 021
<NAME> ALPINE REALTY INCOME AND GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> DEC-30-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 3128503
<INVESTMENTS-AT-VALUE> 3285103
<RECEIVABLES> 44341
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 29680
<TOTAL-ASSETS> 3359124
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13748
<TOTAL-LIABILITIES> 13748
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3142211
<SHARES-COMMON-STOCK> 101<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> 32580
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 13985
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 156600
<NET-ASSETS> 3345376
<DIVIDEND-INCOME> 62748
<INTEREST-INCOME> 0
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<EXPENSES-NET> 9238
<NET-INVESTMENT-INCOME> 53510
<REALIZED-GAINS-CURRENT> 13985
<APPREC-INCREASE-CURRENT> 156600
<NET-CHANGE-FROM-OPS> 224095
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 9<F1>
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<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 313107
<NUMBER-OF-SHARES-REDEEMED> 9682
<SHARES-REINVESTED> 2129
<NET-CHANGE-IN-ASSETS> 3345376
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6138
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 37312
<AVERAGE-NET-ASSETS> 1026<F1>
<PER-SHARE-NAV-BEGIN> 10.00<F1>
<PER-SHARE-NII> 0.21<F1>
<PER-SHARE-GAIN-APPREC> 0.83<F1>
<PER-SHARE-DIVIDEND> 0.09<F1>
<PER-SHARE-DISTRIBUTIONS> 0.00<F1>
<RETURNS-OF-CAPITAL> 0.00<F1>
<PER-SHARE-NAV-END> 10.95<F1>
<EXPENSE-RATIO> 1.75<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<FN>
<F1> Class A
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000842436
<NAME> ALPINE EQUITY TRUST
<SERIES>
<NUMBER> 022
<NAME> ALPINE REALTY INCOME AND GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> DEC-30-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 3128503
<INVESTMENTS-AT-VALUE> 3285103
<RECEIVABLES> 44341
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 29680
<TOTAL-ASSETS> 3359124
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13748
<TOTAL-LIABILITIES> 13748
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3142211
<SHARES-COMMON-STOCK> 1620<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> 32580
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 13985
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 156600
<NET-ASSETS> 3345376
<DIVIDEND-INCOME> 62748
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 9238
<NET-INVESTMENT-INCOME> 53510
<REALIZED-GAINS-CURRENT> 13985
<APPREC-INCREASE-CURRENT> 156600
<NET-CHANGE-FROM-OPS> 224095
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 147<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 313107
<NUMBER-OF-SHARES-REDEEMED> 9682
<SHARES-REINVESTED> 2129
<NET-CHANGE-IN-ASSETS> 3345376
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6138
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 37312
<AVERAGE-NET-ASSETS> 10094<F1>
<PER-SHARE-NAV-BEGIN> 9.99<F1>
<PER-SHARE-NII> 0.19<F1>
<PER-SHARE-GAIN-APPREC> 0.84<F1>
<PER-SHARE-DIVIDEND> 0.09<F1>
<PER-SHARE-DISTRIBUTIONS> 0.00<F1>
<RETURNS-OF-CAPITAL> 0.00<F1>
<PER-SHARE-NAV-END> 10.93<F1>
<EXPENSE-RATIO> 2.47<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<FN>
<F1> Class B
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000842436
<NAME> ALPINE EQUITY TRUST
<SERIES>
<NUMBER> 024
<NAME> ALPINE REALTY INCOME AND GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> DEC-30-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 3128503
<INVESTMENTS-AT-VALUE> 3285103
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<ASSETS-OTHER> 0
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<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13748
<TOTAL-LIABILITIES> 13748
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3142211
<SHARES-COMMON-STOCK> 303833<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> 32580
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 13985
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 156600
<NET-ASSETS> 3345376
<DIVIDEND-INCOME> 62748
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 9238
<NET-INVESTMENT-INCOME> 53510
<REALIZED-GAINS-CURRENT> 13985
<APPREC-INCREASE-CURRENT> 156600
<NET-CHANGE-FROM-OPS> 224095
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 20774<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 313107
<NUMBER-OF-SHARES-REDEEMED> 9682
<SHARES-REINVESTED> 2129
<NET-CHANGE-IN-ASSETS> 3345376
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6138
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 37312
<AVERAGE-NET-ASSETS> 1852790<F1>
<PER-SHARE-NAV-BEGIN> 10.00<F1>
<PER-SHARE-NII> 0.21<F1>
<PER-SHARE-GAIN-APPREC> 0.84<F1>
<PER-SHARE-DIVIDEND> 0.10<F1>
<PER-SHARE-DISTRIBUTIONS> 0.00<F1>
<RETURNS-OF-CAPITAL> 0.00<F1>
<PER-SHARE-NAV-END> 10.95<F1>
<EXPENSE-RATIO> 1.48 <F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<FN>
<F1> Class Y
</FN>
</TABLE>