<DOCUMENT>
<TYPE>N-30B-2
<SEQUENCE>1
<FILENAME>gabn30b2_308.txt
<DESCRIPTION>THE GABELLI EQUITY TRUST, 3-31-08
<TEXT>
The Gabelli Equity Trust Inc. Quarterly Report dated March 31, 2008 can be found
under Item 1 of the N-Q Form filed on May 30, 2008.


</TEXT>
</DOCUMENT>
