<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>gabcons.txt
<DESCRIPTION>EXHIBIT N - CONSENT OF PRICEWATERHOUSECOOPERS LLP
<TEXT>
                                                                     Exhibit N

                      CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby consent to the use in this Registration Statement on Form N-2 of our
report dated February 15, 2002, relating to the financial statements and
financial highlights of The Gabelli Equity Trust Inc. which appear in the
December 31, 2001 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.


/s/PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP
New York, New York
April 12, 2002


</TEXT>
</DOCUMENT>
