<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>144</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0001238894</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>


</filerInfo>
</headerData>
<formData>
<issuerInfo>
<issuerCik>0000794685</issuerCik>
<issuerName>Gabelli Equity Trust</issuerName>
<secFileNumber>811-04700</secFileNumber>
      <issuerAddress>
<com:street1>ONE CORPORATE CENTER</com:street1>
<com:city>RYE</com:city>
<com:stateOrCountry>NY</com:stateOrCountry>
<com:zipCode>10580</com:zipCode>
</issuerAddress>
<issuerContactPhone>9149215070</issuerContactPhone>
<nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>GGCP, Inc.</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
<relationshipsToIssuer>
<relationshipToIssuer>Indirect Controlling Shareholder of Investment Adv</relationshipToIssuer>
</relationshipsToIssuer>
</issuerInfo>
<securitiesInformation>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<brokerOrMarketmakerDetails>
<name>G.RESEARCH, LLC</name>
<address>
<com:street1>ONE CORPORATE CENTER</com:street1>
<com:city>RYE</com:city>
<com:stateOrCountry>NY</com:stateOrCountry>
<com:zipCode>10580</com:zipCode>
</address>
</brokerOrMarketmakerDetails>
<noOfUnitsSold>5000</noOfUnitsSold>
<aggregateMarketValue>28655</aggregateMarketValue>
<noOfUnitsOutstanding>304703543</noOfUnitsOutstanding>
<approxSaleDate>11/25/2024</approxSaleDate>
<securitiesExchangeName>NYSE</securitiesExchangeName>
</securitiesInformation>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>07/14/2021</acquiredDate>
<natureOfAcquisitionTransaction>Open Market Purchase</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>76971</amountOfSecuritiesAcquired>
<paymentDate>07/14/2021</paymentDate>
<natureOfPayment>Cash</natureOfPayment>
</securitiesToBeSold>
<nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
<noticeSignature>
<noticeDate>11/26/2024</noticeDate>
<signature>/s/ Patrick Huvane, Financial Officer, GGCP, Inc.</signature>
</noticeSignature>
</formData>
</edgarSubmission>
