<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000842436
<NAME> ALPINE EQUITY TRUST
<SERIES>
<NUMBER> 022
<NAME> ALPINE REALTY INCOME & GROWTH 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> 4331014
<INVESTMENTS-AT-VALUE> 4632000
<RECEIVABLES> 350656
<ASSETS-OTHER> 15044
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4997700
<PAYABLE-FOR-SECURITIES> 82234
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 204072
<TOTAL-LIABILITIES> 286306
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4491056
<SHARES-COMMON-STOCK> 109 <F1>
<SHARES-COMMON-PRIOR> 104 <F1>
<ACCUMULATED-NII-CURRENT> 18547
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 99195
<ACCUM-APPREC-OR-DEPREC> 300986
<NET-ASSETS> 4711394
<DIVIDEND-INCOME> 200465
<INTEREST-INCOME> 747
<OTHER-INCOME> 0
<EXPENSES-NET> 33675
<NET-INVESTMENT-INCOME> 167537
<REALIZED-GAINS-CURRENT> (82105)
<APPREC-INCREASE-CURRENT> 564622
<NET-CHANGE-FROM-OPS> 650054
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 47 <F1>
<DISTRIBUTIONS-OF-GAINS> 1 <F1>
<DISTRIBUTIONS-OTHER> 0 <F1>
<NUMBER-OF-SHARES-SOLD> 56197
<NUMBER-OF-SHARES-REDEEMED> 24597
<SHARES-REINVESTED> 14276
<NET-CHANGE-IN-ASSETS> 867875
<ACCUMULATED-NII-PRIOR> 66377
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 12705
<GROSS-ADVISORY-FEES> 20852
<INTEREST-EXPENSE> 3268
<GROSS-EXPENSE> 77620
<AVERAGE-NET-ASSETS> 1059 <F1>
<PER-SHARE-NAV-BEGIN> 9.92 <F1>
<PER-SHARE-NII> 0.38 <F1>
<PER-SHARE-GAIN-APPREC> 0.98 <F1>
<PER-SHARE-DIVIDEND> 0.45 <F1>
<PER-SHARE-DISTRIBUTIONS> 0.00 <F1>
<RETURNS-OF-CAPITAL> 0.00 <F1>
<PER-SHARE-NAV-END> 10.83 <F1>
<EXPENSE-RATIO> 2.73 <F1>
<FN>
<F1> Class B
</FN>
</TABLE>
