<DOCUMENT>
<TYPE>N-30B-2
<SEQUENCE>1
<FILENAME>b49296gabn30b2_908.txt
<DESCRIPTION>GABELLI EQUITY TRUST 9-30-08
<TEXT>
The Gabelli Equity Trust Inc. Quarterly Report dated September 30, 2008 can be
found under Item 1 of the N-Q Form filed on November 28, 2008.


</TEXT>
</DOCUMENT>
