X0101 EFFECT 33 LIVE 2011-12-20 0001398344-11-002387 485APOS 0000842436 ALPINE EQUITY TRUST 033-25378 S000005192 Alpine Cyclical Advantage Property Fund C000014170 Alpine Cyclical Advantage Property Fund S000005193 Alpine Realty Income & Growth Fund C000014171 Alpine Realty Income & Growth Fund S000005193 Alpine Realty Income & Growth Fund C000109319 Class A Shares S000005194 Alpine International Real Estate Equity Fund C000014172 Alpine International Real Estate Equity Fund S000005194 Alpine International Real Estate Equity Fund C000109320 Class A Shares S000023641 Alpine Emerging Markets Real Estate Fund C000069631 Alpine Emerging Markets Real Estate Fund S000023641 Alpine Emerging Markets Real Estate Fund C000109321 Class A Shares S000023642 Alpine Global Infrastructure Fund C000069632 Alpine Global Infrastructure Fund S000023642 Alpine Global Infrastructure Fund C000109322 Class A Shares S000031048 Alpine Global Consumer Growth Fund C000096277 Alpine Global Consumer Growth Fund S000031048 Alpine Global Consumer Growth Fund C000109323 Class A Shares