X0202 4 2007-09-27 0 0000878932 EQUUS TOTAL RETURN, INC. EQS 0001397357 Douglass Paula Terry 2727 ALLEN PARKWAY, 13TH FLOOR HOUSTON TX 77019 0 1 0 0 Vice President Common Stock 2007-09-27 4 J 0 189716 7.74 A 490582 I See Footnote Common Stock 33150 D Common Stock 47919 I Trust of which Mrs. Douglass is the beneficiary Common Stock 22815 I Held by Mrs. Douglass' spouse Common Stock 46446 I Trust of which Mrs. Douglass' spouse is the beneficiary The securities were previously pledged to the Douglass Trust IV FBO Brooke Douglass and the Douglass Trust IV FBO Sam Preston Douglass, Jr. as collateral to secure certain promissory notes and transferred to the Douglass Trust IV FBO Brooke Douglass and the Douglass Trust IV FBO Sam Preston Douglass, Jr. in partial settlement of such notes. The settlement included $1,468,401.84 for the transferred securities and the issuance of additional promissory notes. Trusts FBO Douglass family members of which Mrs. Douglass' spouse is trustee and lifetime beneficiary Mrs. Douglass disclaims beneficial ownership of all shares not directly owned by her. Paula T. Douglass 2007-10-01