<DOCUMENT>
<TYPE>EX-99.77O RULE 10F-3
<SEQUENCE>3
<FILENAME>get77o.txt
<TEXT>
THE GABELLI EQUITY TRUST (the "Fund")

EXHIBIT TO ITEM 77O

REPORTING 10F-3 TRANSACTIONS ON FORM N-SAR


The following security was purchased from syndicates in which an
affiliated broker dealer was a participant for the period January 1,
2007 through June 30, 2007 in accordance with Rule 10f-3 Procedures
and Affiliated Underwriting Procedures of the Fund.


ISSUER:  PINNACLE ENTERTAINMENT INC.

*	Trade Date:  1/12/2007
*	Part of an issue registered under the Securities Act of 1933
that is being offered to the public, purchased at not more than
the offering price, offered pursuant to a firm commitment underwriting.
*	3 Years operation:  Yes
*	Selling Broker: Bear Stearns
*	Shares Purchased: 40,000
*	Purchase Price Per Share: $32.00
*	% of Issue:  0.40%
</TEXT>
</DOCUMENT>
