<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>con4.txt
<DESCRIPTION>EXHIBIT N - CONSENT
<TEXT>

                     CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby consent to the use in this Registration Statement on Form N-2 of
our report dated February 14, 2001, relating to the financial statements
and financial highlights of The Gabelli Equity Trust Inc. which appear in
the December 31, 2000 Annual Report to Shareholders of The Gabelli Equity
Trust Inc. which is also incorporated by reference into the Registration
Statement, and relating to the senior securities table for the Series A
Preferred shares which appears in such Registration Statement. We also
consent to the references to us under the headings "Financial Highlights",
"Experts", "Counsel and Independent Accountants" and "Financial Statements"
in such Registration Statement.




PricewaterhouseCoopers LLP
New York, New York
April 27, 2001
</TEXT>
</DOCUMENT>
