WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000933402
<NAME> FLAG INVESTORS EQUITY PARTNERS FUND, INC
<S> <C> <C> <C> <C>
<PERIOD-TYPE> 12-MOS 12-MOS 12-MOS 12-MOS
<FISCAL-YEAR-END> MAY-31-2000 MAY-31-2000 MAY-31-2000 MAY-31-2000
<PERIOD-END> MAY-31-2000 MAY-31-2000 MAY-31-2000 MAY-31-2000
<INVESTMENTS-AT-COST> 283313223 283313223 283313223 283313223
<INVESTMENTS-AT-VALUE> 354717779 354717779 354717779 354717779
<RECEIVABLES> 13057372 13057372 13057372 13057372
<ASSETS-OTHER> 15541182 15541182 15541182 15541182
<OTHER-ITEMS-ASSETS> 0 0 0 0
<TOTAL-ASSETS> 383316333 383316333 383316333 383316333
<PAYABLE-FOR-SECURITIES> 0 0 0 0
<SENIOR-LONG-TERM-DEBT> 0 0 0 0
<OTHER-ITEMS-LIABILITIES> (16494239) (16494239) (16494239) (16494239)
<TOTAL-LIABILITIES> (16494239) (164494239) (16494239) (16494239)
<SENIOR-EQUITY> 0 0 0 0
<PAID-IN-CAPITAL-COMMON> 150461616 33158492 7785240 85920183
<SHARES-COMMON-STOCK> 10114713 1939215 311545 4941710
<SHARES-COMMON-PRIOR> 11059354 2080403 136145 4868511
<ACCUMULATED-NII-CURRENT> 0 0 0 0
<OVERDISTRIBUTION-NII> 1385859 1385859 1385859 1385859
<ACCUMULATED-NET-GAINS> 16706148 16706148 16706148 16706148
<OVERDISTRIBUTION-GAINS> 0 0 0 0
<ACCUM-APPREC-OR-DEPREC> 71404556 71404556 71404556 71404556
<NET-ASSETS> 214667092 40184528 6455391 105505083
<DIVIDEND-INCOME> 5609963 5609963 5609963 5609963
<INTEREST-INCOME> 1143801 1143801 1143801 1143801
<OTHER-INCOME> 0 0 0 0
<EXPENSES-NET> (5204307) (5204307) (5204307) (5204307)
<NET-INVESTMENT-INCOME> 1549457 1549457 1549457 1549457
<REALIZED-GAINS-CURRENT> 21633214 21633214 21633214 21633214
<APPREC-INCREASE-CURRENT> (88551635) (88551635) (88551635) (88551635)
<NET-CHANGE-FROM-OPS> (65368964) (65368964) (65368964) (65368964)
<EQUALIZATION> 0 0 0 0
<DISTRIBUTIONS-OF-INCOME> (349896) (66099) (10359) (152038)
<DISTRIBUTIONS-OF-GAINS> (11546564) (2181278) (352597) (5017234)
<DISTRIBUTIONS-OTHER> 0 0 0 0
<NUMBER-OF-SHARES-SOLD> 2153444 328694 271969 984817
<NUMBER-OF-SHARES-REDEEMED> (3576528) (569219) (111942) (1132184)
<SHARES-REINVESTED> 478443 99337 15373 220566
<NET-CHANGE-IN-ASSETS> (98560367) (98560367) (98560367) (98560367)
<ACCUMULATED-NII-PRIOR> 0 0 0 0
<ACCUMULATED-GAINS-PRIOR> 0 0 0 0
<OVERDISTRIB-NII-PRIOR> (17473) (17473) (17473) (17473)
<OVERDIST-NET-GAINS-PRIOR> 0 0 0 0
<GROSS-ADVISORY-FEES> 3363312 3363312 3363312 3363312
<INTEREST-EXPENSE> 0 0 0 0
<GROSS-EXPENSE> (5204307) (5204307) (5204307) (5204307)
<AVERAGE-NET-ASSETS> 259126119 48600331 6790977 117690256
<PER-SHARE-NAV-BEGIN> 25.68 25.29 25.27 25.75
<PER-SHARE-NII> 0.10 (0.09) (0.08) 0.15
<PER-SHARE-GAIN-APPREC> (3.54) (3.46) (3.45) (3.53)
<PER-SHARE-DIVIDEND> (0.03) (0.03) (0.03) (0.03)
<PER-SHARE-DISTRIBUTIONS> 0.99 0.99 0.99 0.99
<RETURNS-OF-CAPITAL> 0 0 0 0
<PER-SHARE-NAV-END> 21.22 20.72 20.72 21.35
<EXPENSE-RATIO> 1.18 1.93 1.93 0.93
</TABLE>
