<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>aconsent.txt
<DESCRIPTION>EX 99 CONSENT OF INDEPENDENT ACCOUNTANTS
<TEXT>
                     CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby consent to the incorporation by reference 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 the
Prospectus and Statement of Additional Information incorporated by
reference in such Registration Statement.


/s/ PricewaterhouseCoopers LLP
------------------------------
PricewaterhouseCoopers LLP
New York, New York
June 26, 2002

</TEXT>
</DOCUMENT>
