<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>pwconsent.txt
<DESCRIPTION>EXHIBIT N - CONSENT OF INDEPENDENT ACCOUNTANTS
<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.
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
June 4, 2002

</TEXT>
</DOCUMENT>
