<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000842436
<NAME> ALPINE EQUITY TRUST
<SERIES>
<NUMBER> 022
<NAME> ALPINE REALTY INCOME & GROWTH FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> NOV-01-1999
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 6975630
<INVESTMENTS-AT-VALUE> 7477075
<RECEIVABLES> 466804
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 11079
<TOTAL-ASSETS> 7954958
<PAYABLE-FOR-SECURITIES> 162262
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 520368
<TOTAL-LIABILITIES> 682630
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6770883
<SHARES-COMMON-STOCK> 439 <F1>
<SHARES-COMMON-PRIOR> 104 <F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 501445
<NET-ASSETS> 7272328
<DIVIDEND-INCOME> 413769
<INTEREST-INCOME> 5149
<OTHER-INCOME> 0
<EXPENSES-NET> 82216
<NET-INVESTMENT-INCOME> 336702
<REALIZED-GAINS-CURRENT> 44409
<APPREC-INCREASE-CURRENT> 765081
<NET-CHANGE-FROM-OPS> 1146192
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 94 <F1>
<DISTRIBUTIONS-OF-GAINS> 1 <F1>
<DISTRIBUTIONS-OTHER> 2 <F1>
<NUMBER-OF-SHARES-SOLD> 248100
<NUMBER-OF-SHARES-REDEEMED> 25345
<SHARES-REINVESTED> 25450
<NET-CHANGE-IN-ASSETS> 3428809
<ACCUMULATED-NII-PRIOR> 66377
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 12705
<GROSS-ADVISORY-FEES> 55219
<INTEREST-EXPENSE> 6484
<GROSS-EXPENSE> 171452
<AVERAGE-NET-ASSETS> 1674 <F1>
<PER-SHARE-NAV-BEGIN> 9.92 <F1>
<PER-SHARE-NII> 0.63 <F1>
<PER-SHARE-GAIN-APPREC> 1.69 <F1>
<PER-SHARE-DIVIDEND> 0.77 <F1>
<PER-SHARE-DISTRIBUTIONS> 0.01 <F1>
<RETURNS-OF-CAPITAL> 0.02 <F1>
<PER-SHARE-NAV-END> 11.44 <F1>
<EXPENSE-RATIO> 2.51 <F1>
<FN>
<F1> Class B
</FN>
</TABLE>
