<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000842436
<NAME> ALPINE EQUITY TRUST
<SERIES>
<NUMBER> 011
<NAME> ALPINE INTERNATIONAL REAL ESTATE EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> NOV-01-1999
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 33054493
<INVESTMENTS-AT-VALUE> 29238282
<RECEIVABLES> 4235153
<ASSETS-OTHER> 76535
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 33549970
<PAYABLE-FOR-SECURITIES> 1241031
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2629562
<TOTAL-LIABILITIES> 3870593
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35911830
<SHARES-COMMON-STOCK> 18000 <F1>
<SHARES-COMMON-PRIOR> 25767 <F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 426487
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 2030191
<ACCUM-APPREC-OR-DEPREC> (3775775)
<NET-ASSETS> 29679377
<DIVIDEND-INCOME> 231858
<INTEREST-INCOME> 44
<OTHER-INCOME> 0
<EXPENSES-NET> 401701
<NET-INVESTMENT-INCOME> (169799)
<REALIZED-GAINS-CURRENT> (1868510)
<APPREC-INCREASE-CURRENT> 61373
<NET-CHANGE-FROM-OPS> (1976936)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 363 <F1>
<DISTRIBUTIONS-OF-GAINS> 0 <F1>
<DISTRIBUTIONS-OTHER> 0 <F1>
<NUMBER-OF-SHARES-SOLD> 144108
<NUMBER-OF-SHARES-REDEEMED> 305181
<SHARES-REINVESTED> 8925
<NET-CHANGE-IN-ASSETS> (4025559)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 137155
<OVERDIST-NET-GAINS-PRIOR> 161681
<GROSS-ADVISORY-FEES> 156415
<INTEREST-EXPENSE> 66657
<GROSS-EXPENSE> 435925
<AVERAGE-NET-ASSETS> 273831 <F1>
<PER-SHARE-NAV-BEGIN> 13.15 <F1>
<PER-SHARE-NII> (0.12) <F1>
<PER-SHARE-GAIN-APPREC> (0.68) <F1>
<PER-SHARE-DIVIDEND> 0.02 <F1>
<PER-SHARE-DISTRIBUTIONS> 0.00 <F1>
<RETURNS-OF-CAPITAL> 0.00 <F1>
<PER-SHARE-NAV-END> 12.33 <F1>
<EXPENSE-RATIO> 2.78 <F1>
<FN>
<F1> Class A
</FN>
</TABLE>
