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One Corporate Center
Rye, NY 10580-1422
Tel. (914) 921-5070
Fax (914) 921-5118
www.gabelli.com
info@gabelli.com The Gabelli Equity Trust Inc

June 22, 2011

VIA EDGAR

Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549

Re: The Gabelli Equity Trust Inc.
Registration Statement on Form N-2 (File No. 333-173819)

Ladies and Gentlemen:

Pursuant to Rule 461 under the Securities Act of 1933, as amended, we hereby request that the effective date for the Registrant’s Registration Statement on Form N-2 referenced above be accelerated so that it will become effective on June 22, 2011 or as soon as practicable thereafter.

Very truly yours,

By:		/s/ Bruce N. Alpert
		Name:		Bruce N. Alpert
		Title:		President