-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950123-09-068428.txt : 20091204
<SEC-HEADER>0000950123-09-068428.hdr.sgml : 20091204
<ACCEPTANCE-DATETIME>20091204144057
ACCESSION NUMBER:		0000950123-09-068428
CONFORMED SUBMISSION TYPE:	N-30B-2
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090930
FILED AS OF DATE:		20091204
DATE AS OF CHANGE:		20091204
EFFECTIVENESS DATE:		20091204

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:		091223336

	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>gabn30b2_909.txt
<DESCRIPTION>GABELLI GAB 9-30-09
<TEXT>
The Gabelli Equity Trust Inc. Quarterly Report dated September 30, 2009 can be
found under Item 1 of the N-Q Form filed on November 30, 2009.


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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