<PAGE> PAGE 1
000 B000000 05/31/95
000 C000000 0000859903
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 LORD ABBETT EQUITY FUND
001 B000000 811-6033
001 C000000 2128481870
002 A000000 767 FIFTH AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10153
002 D020000 0101
003 000000 Y
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 1990 SERIES
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000001 13-5674085
020 C000001 16
020 A000002 SHEARSON LEHMAN BROTHERS, INC.
020 B000002 13-2518466
020 C000002 8
020 A000003 PAINE WEBBER INC.
020 B000003 13-2638166
020 C000003 7
020 A000004 EDWARD D. JONES & CO.
020 B000004 43-0345811
020 C000004 7
020 A000005 SMITH BARNEY, HARRIS UPHAM
020 B000005 13-1912900
020 C000005 5
020 A000006 GOLDMAN SACHS & CO.
<PAGE> PAGE 2
020 B000006 13-5108880
020 C000006 3
020 A000007 DEAN WITTER REYNOLD INC.
020 B000007 94-1671384
020 C000007 2
020 A000008 PRUDENTIAL SECURITIES INC.
020 B000008 22-2347336
020 C000008 2
020 A000009 FACTSET DATA SYSTEMS, INC.
020 B000009 13-2953224
020 C000009 1
020 A000010 SALOMON BROTHERS INC.
020 B000010 13-3082694
020 C000010 1
021 000000 63
022 A000001 PRUDENTIAL FUNDING CO.
022 B000001 22-2231168
022 C000001 24849
022 D000001 25149
022 A000002 AMERICAN EXPRESS CREDIT CO.
022 B000002 11-1988350
022 C000002 22950
022 D000002 23950
022 A000003 GENERAL ELECTRIC CAPITAL CORP.
022 B000003 13-5100700
022 C000003 19860
022 D000003 18460
022 A000004 CHEVRON OIL FINANCE CO.
022 B000004 25-1215010
022 C000004 8950
022 D000004 8950
022 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000005 13-5674085
022 C000005 7488
022 D000005 7488
022 A000006 COMMERCIAL CREDIT CO.
022 B000006 52-0883351
022 C000006 4196
022 D000006 4595
022 A000007 AMERICAN GENERAL FINANCE
022 B000007 13-3553648
022 C000007 3700
022 D000007 3700
022 A000008 ASSOCIATES CORP. OF NORTH AMERICA
022 B000008 74-1494554
022 C000008 3100
022 D000008 3100
022 A000009 FORD MOTOR CREDIT CO.
022 B000009 38-1612444
022 C000009 1800
022 D000009 1800
<PAGE> PAGE 3
022 A000010 EXXON CREDIT CORP.
022 B000010 13-3072652
022 C000010 1100
022 D000010 1100
023 C000000 99090
023 D000000 98690
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
027 000000 Y
077 A000000 Y
077 B000000 Y
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
008 A000101 LORD, ABBETT & CO.
008 B000101 A
008 C000101 801-6997
008 D010101 NEW YORK
008 D020101 NY
008 D030101 10153
008 D040101 0101
011 A000101 LORD, ABBETT & CO.
011 B000101 8-216
011 C010101 NEW YORK
011 C020101 NY
011 C030101 10153
011 C040101 0101
012 A000101 DST SYSTEMS, INC.
012 B000101 84-448
012 C010101 KANSAS CITY
012 C020101 MO
012 C030101 64141
013 A000101 DELOITTE & TOUCHE LLP
013 B010101 NEW YORK
013 B020101 NY
013 B030101 10048
<PAGE> PAGE 4
015 A000101 MORGAN GUARANTY TRUST CO. OF NEW YORK
015 B000101 C
015 C010101 NEW YORK
015 C020101 NY
015 C030101 10015
015 E010101 X
018 000100 Y
019 A000100 Y
019 B000100 39
019 C000100 LORDABBETT
024 000100 N
025 D000101 0
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 0
028 A020100 5590
028 A030100 0
028 A040100 691
028 B010100 0
028 B020100 0
028 B030100 0
028 B040100 451
028 C010100 0
028 C020100 0
028 C030100 0
028 C040100 494
028 D010100 0
028 D020100 0
028 D030100 0
028 D040100 539
028 E010100 0
028 E020100 0
028 E030100 0
028 E040100 505
028 F010100 0
028 F020100 0
028 F030100 0
028 F040100 434
028 G010100 0
028 G020100 5590
028 G030100 0
028 G040100 3114
028 H000100 0
029 000100 Y
030 A000100 0
030 B000100 5.50
<PAGE> PAGE 5
030 C000100 0.00
031 A000100 0
031 B000100 0
032 000100 0
033 000100 0
034 000100 N
035 000100 0
036 B000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 Y
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 100
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 130
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.650
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
049 000100 N
050 000100 N
<PAGE> PAGE 6
051 000100 N
052 000100 Y
053 A000100 Y
053 B000100 N
053 C000100 Y
054 A000100 Y
054 B000100 Y
054 C000100 Y
054 D000100 N
054 E000100 N
054 F000100 N
054 G000100 Y
054 H000100 Y
054 I000100 N
054 J000100 Y
054 K000100 N
054 L000100 Y
054 M000100 N
054 N000100 N
054 O000100 N
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 1000
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 E000100 Y
<PAGE> PAGE 7
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 18998
071 B000100 24102
071 C000100 54091
071 D000100 35
072 A000100 12
072 B000100 1042
072 C000100 1187
072 D000100 0
072 E000100 0
072 F000100 339
072 G000100 0
<PAGE> PAGE 8
072 H000100 0
072 I000100 82
072 J000100 0
072 K000100 0
072 L000100 3
072 M000100 3
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 26
072 S000100 0
072 T000100 122
072 U000100 174
072 V000100 0
072 W000100 195
072 X000100 944
072 Y000100 7
072 Z000100 1292
072AA000100 4065
072BB000100 736
072CC010100 3518
072CC020100 0
072DD010100 1195
072DD020100 0
072EE000100 4394
073 A010100 0.3400
073 A020100 0.0000
073 B000100 1.2500
073 C000100 0.0000
074 A000100 235
074 B000100 0
074 C000100 1900
074 D000100 14122
074 E000100 0
074 F000100 38486
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 156
074 K000100 0
074 L000100 147
074 M000100 0
074 N000100 55046
074 O000100 72
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 247
<PAGE> PAGE 9
074 S000100 0
074 T000100 54727
074 U010100 3337
074 U020100 0
074 V010100 16.40
074 V020100 0.00
074 W000100 0.0000
074 X000100 5212
074 Y000100 0
075 A000100 0
075 B000100 52195
076 000100 0.00
080 A000100 ICI MUTUAL INSURANCE CO.
080 C000100 15000
081 A000100 Y
081 B000100 38
082 A000100 N
082 B000100 0
083 A000100 N
083 B000100 0
084 A000100 N
084 B000100 0
085 A000100 Y
085 B000100 N
SIGNATURE JOSEPH VAN DYKE
TITLE ASSISTATN TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000859903
<NAME> LORD ABBETT EQUITY FUND, INC.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> MAY-01-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 44584361
<INVESTMENTS-AT-VALUE> 52607844
<RECEIVABLES> 302567
<ASSETS-OTHER> 2135549
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 55045960
<PAYABLE-FOR-SECURITIES> 71626
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 257492
<TOTAL-LIABILITIES> 329118
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 44222665
<SHARES-COMMON-STOCK> 3336916
<SHARES-COMMON-PRIOR> 3775536
<ACCUMULATED-NII-CURRENT> 1143394
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1327300
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8023483
<NET-ASSETS> 54716842
<DIVIDEND-INCOME> 1186836
<INTEREST-INCOME> 1042636
<OTHER-INCOME> 0
<EXPENSES-NET> 937088
<NET-INVESTMENT-INCOME> 1292384
<REALIZED-GAINS-CURRENT> 3328690
<APPREC-INCREASE-CURRENT> 3518242
<NET-CHANGE-FROM-OPS> 8139316
<EQUALIZATION> (71747)
<DISTRIBUTIONS-OF-INCOME> 1195266
<DISTRIBUTIONS-OF-GAINS> 4394361
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 438620
<SHARES-REINVESTED> 436349
<NET-CHANGE-IN-ASSETS> 1702809
<ACCUMULATED-NII-PRIOR> 163072
<ACCUMULATED-GAINS-PRIOR> 3309170
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 339267
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 944406
<AVERAGE-NET-ASSETS> 52194687
<PER-SHARE-NAV-BEGIN> 15.63
<PER-SHARE-NII> .36
<PER-SHARE-GAIN-APPREC> 2.00
<PER-SHARE-DIVIDEND> .34
<PER-SHARE-DISTRIBUTIONS> 1.25
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.4
<EXPENSE-RATIO> 1.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
Board of Trustees of
Lord Abbett Equity Fund:
In planning and performing our audit of the financial statements of Lord Abbett
Equity Fund ("Fund") for the year ended May 31, 1995, we considered its internal
control structure, including procedures for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of Form N-SAR, not
to provide assurance on the internal control structure.
The management of the Fund is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against loss
from unauthorized use or disposition and that transactions are executed in
accordance with management's authorization and recorded properly to permit
preparation of financial statements in conformity with generally accepted
accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the structure to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
May 31, 1995.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
July 7, 1995
