<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000883925
<NAME> THE BRAZILIAN EQUITY FUND, INC.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> MAR-31-2000
<INVESTMENTS-AT-COST> 32731644
<INVESTMENTS-AT-VALUE> 47746563
<RECEIVABLES> 1083276
<ASSETS-OTHER> 14523
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 48844362
<PAYABLE-FOR-SECURITIES> 438051
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 684748
<TOTAL-LIABILITIES> 1122799
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 77971145
<SHARES-COMMON-STOCK> 5707641
<SHARES-COMMON-PRIOR> 6227341
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (45271437)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 15021856
<NET-ASSETS> 47721563
<DIVIDEND-INCOME> 1489107
<INTEREST-INCOME> 49624
<OTHER-INCOME> 0
<EXPENSES-NET> 1388829
<NET-INVESTMENT-INCOME> 149902
<REALIZED-GAINS-CURRENT> (4540852)
<APPREC-INCREASE-CURRENT> 24033597
<NET-CHANGE-FROM-OPS> 19642647
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 519700
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 16703251
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (41770750)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 492373
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1516481
<AVERAGE-NET-ASSETS> 36573601
<PER-SHARE-NAV-BEGIN> 4.98
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 3.36
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.36
<EXPENSE-RATIO> 3.80
</TABLE>