NICHOLAS EQUITY INCOME FUND INC
NSAR-A, EX-27, 2000-11-29
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<TABLE> <S> <C>

<ARTICLE> 6

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2001
<PERIOD-END>                               SEP-30-2000
<INVESTMENTS-AT-COST>                         16842452
<INVESTMENTS-AT-VALUE>                       178153047
<RECEIVABLES>                                    50752
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                17866056
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        42092
<TOTAL-LIABILITIES>                              42092
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      17449526
<SHARES-COMMON-STOCK>                          1604530
<SHARES-COMMON-PRIOR>                          1647173
<ACCUMULATED-NII-CURRENT>                       111941
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (709316)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        971813
<NET-ASSETS>                                  17823964
<DIVIDEND-INCOME>                               267260
<INTEREST-INCOME>                                51342
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   80684
<NET-INVESTMENT-INCOME>                         237918
<REALIZED-GAINS-CURRENT>                       (87937)
<APPREC-INCREASE-CURRENT>                      (24521)
<NET-CHANGE-FROM-OPS>                           125460
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       125977
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          67173
<NUMBER-OF-SHARES-REDEEMED>                     120964
<SHARES-REINVESTED>                              11148
<NET-CHANGE-IN-ASSETS>                        (463840)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (621379)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            62754
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 107136
<AVERAGE-NET-ASSETS>                          17974930
<PER-SHARE-NAV-BEGIN>                             11.1
<PER-SHARE-NII>                                    .15
<PER-SHARE-GAIN-APPREC>                          (.06)
<PER-SHARE-DIVIDEND>                             (.08)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.11
<EXPENSE-RATIO>                                     .9


</TABLE>


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