-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Lg4Up/mte4s9AExffIxiNodLIkL91n/YWkusXX5THlfjV8GWxPJ6QQUcjDXw6dGn
 icpg6aIY8zAOYw8jAfGwiA==

<SEC-DOCUMENT>0000940400-02-000474.txt : 20020827
<SEC-HEADER>0000940400-02-000474.hdr.sgml : 20020827
<ACCEPTANCE-DATETIME>20020827161209
ACCESSION NUMBER:		0000940400-02-000474
CONFORMED SUBMISSION TYPE:	NSAR-A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20020630
FILED AS OF DATE:		20020827

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI EQUITY TRUST INC
		CENTRAL INDEX KEY:			0000794685
		IRS NUMBER:				222736509
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NSAR-A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04700
		FILM NUMBER:		02749698

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORP CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		9149215070
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-A
<SEQUENCE>1
<FILENAME>gequityt.fil
<TEXT>
<PAGE>      PAGE  1
000 A000000 06/30/2002
000 C000000 0000794685
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 THE GABELLI EQUITY TRUST INC.
001 B000000 811-4700
001 C000000 9149215100
002 A000000 ONE CORPORATE CENTER
002 B000000 RYE
002 C000000 NY
002 D010000 10580
002 D020000 1422
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 GABELLI FUNDS, LLC
008 B000001 A
008 C000001 801-37706
008 D010001 RYE
008 D020001 NY
008 D030001 10580
008 D040001 1422
010 A000001 GABELLI FUNDS, LLC
010 B000001 801-37706
010 C010001 RYE
010 C020001 NY
010 C030001 10580
010 C040001 1422
010 A000002 PFPC INC.
010 B000002 8-32480
010 C010002 WILMINGTON
010 C020002 DE
010 C030002 19809
<PAGE>      PAGE  2
012 A000001 EQUISERVE
012 B000001 84-5601
012 C010001 CANTON
012 C020001 MA
012 C030001 02021
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10036
013 B040001 2798
014 A000001 GABELLI & COMPANY, INC.
014 B000001 8-21373
014 A000002 GABELLI DIRECT INC.
014 B000002 8-37104
015 A000001 BOSTON SAFE DEPOSIT AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02106
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000   23
019 C000000 GABELLIGRP
020 A000001 GABELLI & COMPANY, INC.
020 B000001 13-2885006
020 C000001    227
020 A000002 AUTRANET INC.
020 B000002 13-2961507
020 C000002     16
020 A000003 COLLINS & STEWART
020 B000003 N/A
020 C000003     11
020 A000004 ALLEN & CO., INC.
020 B000004 13-6176976
020 C000004     10
020 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000005 13-2629351
020 C000005     10
020 A000006 FOX-PITT KELTON INC.
020 B000006 N/A
020 C000006      7
020 A000007 BURNHAM SECURITIES, INC.
020 B000007 13-3435435
020 C000007      4
020 A000008 JARDINE FLEMING
020 B000008 N/A
020 C000008      4
020 A000009 INVESTEC ERNEST
020 B000009 N/A
020 C000009      4
<PAGE>      PAGE  3
020 A000010 SHIELDS & CO.
020 B000010 13-3125594
020 C000010      3
021  000000      323
022 A000001 STATE STREET BANK & TRUST CO.
022 B000001 04-1867445
022 C000001  11797861
022 D000001         0
022 A000002 HSBC SECURITIES INC.
022 B000002 13-2650272
022 C000002    234634
022 D000002     74773
022 A000003 WARBURG DILLON READ LLC
022 B000003 54-0796506
022 C000003    140000
022 D000003         0
022 A000004 CLARKE (G.X.) & CO.
022 B000004 13-2969143
022 C000004         0
022 D000004    109876
022 A000005 SALOMON SMITH BARNEY INC.
022 B000005 13-1912900
022 C000005      6987
022 D000005         0
022 A000006 GOLDMAN SACHS & CO.
022 B000006 13-5108880
022 C000006      5086
022 D000006         0
022 A000007 BEAR STERNS & CO., INC.
022 B000007 13-3299429
022 C000007      3000
022 D000007       443
022 A000008 KNIGHT SECURITIES
022 B000008 N/A
022 C000008      1601
022 D000008       634
022 A000009 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000009 13-5674086
022 C000009      1411
022 D000009         0
022 A000010 CANTOR FITZGERALD & CO.
022 B000010 13-3680184
022 C000010      1135
022 D000010        83
023 C000000   12194498
023 D000000     222840
024  000000 Y
025 A000001 STATE STREET BANK & TRUST CO.
025 B000001 04-1867445
025 C000001 E
025 D000001    3576
<PAGE>      PAGE  4
025 A000002 MORGAN (J.P.) SECURITIES INC.
025 B000002 13-3224016
025 C000002 E
025 D000002    1696
025 D000003       0
025 D000004       0
025 D000005       0
025 D000006       0
025 D000007       0
025 D000008       0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 N
028 A010000         0
028 A020000         0
028 A030000         0
028 A040000         0
028 B010000         0
028 B020000         0
028 B030000         0
028 B040000         0
028 C010000         0
028 C020000         0
028 C030000         0
028 C040000         0
028 D010000         0
028 D020000         0
028 D030000         0
028 D040000         0
028 E010000         0
028 E020000         0
028 E030000         0
028 E040000         0
028 F010000         0
028 F020000         0
028 F030000         0
028 F040000         0
028 G010000         0
028 G020000         0
028 G030000         0
028 G040000         0
028 H000000         0
030 A000000      0
030 B000000  0.00
<PAGE>      PAGE  5
030 C000000  0.00
031 A000000      0
031 B000000      0
032  000000      0
033  000000      0
035  000000      0
036 B000000      0
038  000000      0
042 A000000   0
042 B000000   0
042 C000000   0
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000      0
044  000000      0
045  000000 Y
046  000000 N
047  000000 Y
048  000000  1.000
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
048 C010000        0
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000        0
048 K020000 0.000
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
<PAGE>      PAGE  6
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056  000000 N
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 N
060 B000000 N
061  000000        0
062 A000000 N
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000   0.0
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
063 A000000   0
063 B000000  0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 Y
066 E000000 N
066 F000000 N
066 G000000 N
067  000000 N
068 A000000 N
<PAGE>      PAGE  7
068 B000000 N
069  000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 Y
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 Y
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 Y
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000    139276
071 B000000     93230
071 C000000   1283801
071 D000000    7
072 A000000  6
072 B000000     9059
072 C000000     1770
072 D000000        0
072 E000000        0
072 F000000     5512
072 G000000        0
072 H000000      148
072 I000000      118
<PAGE>      PAGE  8
072 J000000       76
072 K000000        0
072 L000000      182
072 M000000       71
072 N000000        0
072 O000000        0
072 P000000        0
072 Q000000        0
072 R000000       31
072 S000000       25
072 T000000        0
072 U000000        0
072 V000000        0
072 W000000       80
072 X000000     6243
072 Y000000        5
072 Z000000     4591
072AA000000    13881
072BB000000        0
072CC010000        0
072CC020000      119
072DD010000     4591
072DD020000        0
072EE000000    76487
073 A010000   0.0352
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.5864
074 A000000        2
074 B000000   172458
074 C000000    49971
074 D000000     6578
074 E000000    23682
074 F000000  1180753
074 G000000        0
074 H000000        0
074 I000000       45
074 J000000        0
074 K000000        0
074 L000000     1592
074 M000000        0
074 N000000  1435081
074 O000000     3939
074 P000000      794
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000      990
074 S000000   429198
074 T000000  1000160
<PAGE>      PAGE  9
074 U010000   131772
074 U020000        0
074 V010000     7.59
074 V020000     0.00
074 W000000   0.0000
074 X000000    80278
074 Y000000        0
075 A000000        0
075 B000000  1447994
076  000000    10.03
077 A000000 Y
077 C000000 Y
077 I000000 Y
077 Q010000 Y
078  000000 N
080 C000000        0
081 B000000   0
082 B000000        0
083 B000000        0
084 B000000        0
086 A010000   1704
086 A020000  16996
086 B010000      0
086 B020000      0
086 C010000      5
086 C020000 130000
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
087 A010000 COMMON STOCK
087 A020000 362397101
087 A030000 GAB
087 B010000 7.25% CUMULATIVE PREFERRED STOCK
087 B020000 362397309
087 B030000 GABPR
087 C010000 7.20% TAX ADVANTAGED SERIES B
087 C020000 362397408
087 C030000 GABPRB
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE   BRUCE N. ALPERT
TITLE       PRESIDENT/TREAS


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>get.txt
<TEXT>

                        EXHIBIT INDEX
EXHIBIT A:
  Attachment to item 77C:
  Submission of matters to a vote of Security holders.

EXHIBIT B:
  Attachment to item 77I:
  Terms of new or amended securities

EXHIBIT C:
  Attachment to item 77Q1:
  Exhibits
 - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

EXHIBIT A:
THE GABELLI EQUITY TRUST INC.
EXHIBIT TO ITEM 77C

	The Annual Meeting of Shareholders of The Gabelli Equity
Trust Inc. (the "Equity Trust") was held on May 20, 2002.  The
following proposals were submitted for a vote of the
shareholders:

	1.	To Elect Four Directors of the Equity Trust:

	With respect to the proposal relating to the election of
four directors of the Equity Trust, three to be elected by the
holders of the Equity Trust's Common Stock and holders of the
Equity Trust's Preferred Stock, voting together as a single
class, and one to be elected by the holders of the Equity Trust's
Preferred Stock, voting as a separate class, the following votes
and percentages were recorded:


                                                          Percent
                                                          Represented
                                            Withholding   at the Meeting
                                For          Authority    Voting in Favor

Anthony J. Colavita       11,564,422           72,412          99.37%
Frank J. Fahrenkopf, Jr. 120,975,558.7386   1,106,598.7871     99.09%
Arthur V. Ferrara        121,055,966.2409   1,026,191.2848     99.16%
Salvatore J. Zizza       121,276,291.7845     805,865.7412     99.34%

	The remaining Directors in office are: Thomas E. Bratter,
James P. Conn, Mario J. Gabelli, Karl Otto Pohl and Anthony R.
Pustorino.



EXHIBIT B:
EXHIBIT 77(i)

TERMS OF NEW OR AMENDED SECURITIES
THE GABELLI EQUITY TRUST INC.

Preferred Stock Offering  On June 27, 2002, the Gabelli
Equity Trust Inc. (the "Trust"), a Maryland Corporation,
successfully completed its offering of Series C Auction Rate
Cumulative Preferred Stock (the "Series C Preferred")
which was rated "Aaa" by Moody's Investors Services, Inc.
and "AAA" by Standard & Poor's Rating Services. The Trust
issued 5,200 Series C Preferred shares, par value $.001 per
share, at $25,000 per share ($130 million) with an initial
annualized dividend rate of $1.85 per share payable on July
3, 2002.  The dividend rate, as set by the auction process,
which is generally held every 7 days, is expected to vary
with short-term interest rates.  The Series C Preferred are
redeemable at the option of the Trust, in whole or in part,
following any dividend payment date with not less than 15
days and not more than 40 days notice at $25,000 per share
plus any accumulated or unpaid dividends.  The Series C
Preferred shares do not trade on an exchange.

The Series C Preferred has a liquidation preference of
$25,000 per share. Upon a liquidation, each holder of Series
C Preferred will be entitled to receive an amount per share
equal to the liquidation preference plus any accumulated but
unpaid dividends (whether or not earned or declared) to the
date of distribution. The Series C Preferred is ranked on a
parity with shares of any other series of preferred stock of
the Trust as to the payment of dividends and the
distribution of assets upon liquidation. The Series C
Preferred carries one vote per share on all matters on which
such shares are entitled to vote. The Series C Preferred are
fully paid and nonassessable and have no preemptive,
exchange or conversion rights. Any Series C Preferred
repurchased or redeemed by the Trust will be classified as
authorized but unissued preferred stock. The Board of
Directors may by resolution classify or reclassify any
authorized but unissued capital stock of the Trust from time
to time by setting or changing the preferences, conversion
or other rights, voting powers, restrictions, limitations as
to dividends or terms or conditions of redemption. The Trust
will not issue any class of stock senior to the Series C
Preferred.

The Trust is currently authorized to issue 200,000,000
shares of capital stock, of which 184,000,000 shares are
currently designated as common stock.  Each share of common
stock has equal voting, dividend, distribution and
liquidation rights.  The Trust's capital stock is subject to
reclassification from time to time by the Board of
Directors.  The shares of common stock outstanding are fully
paid and nonassessable.  Shares of the common stock are not
redeemable and have no preemptive, conversion or cumulative
voting rights.

The Trust is currently authorized to issue 16,000,000 shares
of preferred stock, of which 5,750,000 shares are currently
designated as 7.25% Tax Advantaged Cumulative Preferred
Stock ("Series A Preferred"), 6,600,000 are currently
designated as 7.20% Tax Advantaged Series B Cumulative
Preferred Stock ("Series B Preferred"), and 5,200 are
designated as Series C Preferred.  As of June 30, 2002, the
Trust had outstanding 5,367,900 shares of Series A
Preferred, 600,000 shares of Series B Preferred and 5,200
shares of Series C Preferred.



EXHIBIT C:
The Gabelli Equity Trust Inc. (the "Trust")

Exhibit 77Q1a

The Trust's Articles Supplementary Creating and Fixing the
Rights of Series C Auction Rate Cumulative Preferred Stock,
dated June 26, 2002, are incorporated by reference to the Trust's
Post Effective Amendment No. 1
to the Trust's Registration Statement on form N-2 as filed
with the Securities and Exchange Commission, via EDGAR, on
June 27, 2002 pursuant to Rule 462(d) of the Securities Act
of 1933 (Accession No. 0000950172-02-001424).


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
