-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000935069-04-000200.txt : 20040206
<SEC-HEADER>0000935069-04-000200.hdr.sgml : 20040206
<ACCEPTANCE-DATETIME>20040206141158
ACCESSION NUMBER:		0000935069-04-000200
CONFORMED SUBMISSION TYPE:	497J
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20040206
EFFECTIVENESS DATE:		20040206

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:		497J
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-42780
		FILM NUMBER:		04573321

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORP CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		9149215070
</SEC-HEADER>
<DOCUMENT>
<TYPE>497J
<SEQUENCE>1
<FILENAME>cover497j.txt
<DESCRIPTION>GABELLI EQUITY 497J - SMALL CAP
<TEXT>

February 6, 2004

VIA EDGAR

Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, DC 20549

Attention:        Office of Filings, Information & Consumer Services

         Re:      Gabelli Equity Series Funds, Inc. (the "Fund")
                  FILE NOS. 33-41913 AND 811-06367

Dear Sir or Madam:

         Pursuant to Rule 497(j)  promulgated  under the Securities Act of 1933,
as  amended,  please  accept  this  letter  as  certification  that  the  Fund's
stand-alone  Prospectus for The Gabelli Small Cap Growth Fund, Class AAA Shares,
does not differ from that  contained  in  Post-Effective  Amendment  No. 15 (the
"Amendment") to the Fund's  Registration  Statement on Form N-1A. This Amendment
was filed electronically on February 2, 2004 (Accession #0000935069-04-000160).

         Any  questions  with respect to this filing should be directed to me at
(617) 338-4426.

                                 Very truly yours,

                                 /S/ AARON REMORENKO
                                 Aaron Remorenko
                                 Regulatory Administrator


cc:      B. Alpert - Gabelli Funds, LLC
         J. McKee - Gabelli Funds, LLC
         R. Prins - Skadden, Arps, Slate, Meagher & Flom
         T. Hamlin
         L. Dowd


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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