U.S. BANCORP FUND SERVICES, LLC

615 E. Michigan Street

Milwaukee, WI 53202

March 5, 2004

Via Edgar Transmission

U.S. Securities and Exchange Commission

450 Fifth Street, N.W.

Washington, D.C. 20549

Re: Alpine Equity Trust

File Nos. 033-25378 and 811-05684

Dear Sir or Madam:

Pursuant to Rule 497(j) under the Securities Act of 1933, Alpine Equity Trust (the “Trust”) hereby certifies that the forms of Prospectus and Statement of Additional Information that would have been filed under Rule 497(b) or (c) would not have differed from that contained in the most recent amendment dated March 1, 2004 and filed electronically as Post-Effective Amendment No. 26 to the Trust’s Registration Statement on Form N-1A.

If you have any questions or require further information, do not hesitate to contact the undersigned at (414) 765-5025.

Sincerely yours,

/s/ Elaine Richards

Elaine Richards, Esq.