-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 DpLuYSUKibl1tq0xFL1W6B3NI069nryXf0KjJ1CpMqAG3ZS4jNQf120kysRzk1hc
 BendPBTBPBOD82s/wpAq9Q==

<SEC-DOCUMENT>0000935069-08-002859.txt : 20081201
<SEC-HEADER>0000935069-08-002859.hdr.sgml : 20081201
<ACCEPTANCE-DATETIME>20081201161943
ACCESSION NUMBER:		0000935069-08-002859
CONFORMED SUBMISSION TYPE:	N-30B-2
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080930
FILED AS OF DATE:		20081201
DATE AS OF CHANGE:		20081201
EFFECTIVENESS DATE:		20081201

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI EQUITY TRUST INC
		CENTRAL INDEX KEY:			0000794685
		IRS NUMBER:				222736509
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-30B-2
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04700
		FILM NUMBER:		081222512

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORP CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		9149215070
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-30B-2
<SEQUENCE>1
<FILENAME>b49296gabn30b2_908.txt
<DESCRIPTION>GABELLI EQUITY TRUST 9-30-08
<TEXT>
The Gabelli Equity Trust Inc. Quarterly Report dated September 30, 2008 can be
found under Item 1 of the N-Q Form filed on November 28, 2008.


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----