-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000935069-04-000346.txt : 20040303
<SEC-HEADER>0000935069-04-000346.hdr.sgml : 20040303
<ACCEPTANCE-DATETIME>20040303154217
ACCESSION NUMBER:		0000935069-04-000346
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20040303
EFFECTIVENESS DATE:		20040303

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:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-42780
		FILM NUMBER:		04646055

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORP CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		9149215070
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>letter.txt
<DESCRIPTION>EQUITY TRUST 497C 3/3/04
<TEXT>
March 3, 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: The Gabelli Equity Trust Inc. (the "Fund")
                  FILE NOS. 33-42780 AND 811-04700
                  --------------------------------

Dear Sir or Madam:

         Pursuant to Rule 497(c)  promulgated  under the Securities Act of 1933,
as  amended  (the  "1933  Act"),  please  accept  for  filing  on  behalf of the
above-referenced  Fund,  this letter  requesting  that you please  disregard two
electronic  submissions  submitted  on  February  6, 2004 via the  EDGAR  System
pursuant  to Rule 497(j) and Rule 497(c)  (Accession  #0000935069-04-000200  and
#0000935069-04-000202, respectively) promulgated under the 1933 Act.

         The  above-referenced  filings  relate to another  registrant  and were
erroneously filed via the EDGAR System using the Fund's CIK and CCC information.

         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
         D. Schloendorn - Willkie Farr & Gallagher LLP
         T. Hamlin
         L. Dowd

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