<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>5
<FILENAME>get77q1.txt
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THE GABELLI EQUITY TRUST INC.
EXHIBIT TO ITEM 77Q(1)



THE GABELLI EQUITY TRUST INC.

ARTICLES OF AMENDMENT TO THE
ARTICLES SUPPLEMENTARY
CREATING AND FIXING THE RIGHTS OF
SERIES C AUCTION RATE CUMULATIVE PREFERRED STOCK

	The Gabelli Equity Trust Inc., a Maryland corporation
(hereinafter called the "Corporation"), hereby certifies to
the State of Department of Assessments and Taxation of the
State of Maryland that:

	FIRST:  Article I of the Articles Supplementary, Section
9(a)(ii), subsections B through E, require delivery to Moody's
of periodic "Basic Maintenance Reports," and an "Accountant's
Confirmation" of certain "Basic Maintenance Reports."  Moody's
has advised the Corporation that the delivery of such Reports
and Confirmations by it shall no longer be required.  S&P has
advised the Corporation that it will no longer require the
Accountant Confirmations.  Accordingly, the text of Section
9(a)(ii) in Article I of the Articles Supplementary is hereby
deleted in its entirety from the Articles, and replaced by the
following:

			(ii)	Series C Preferred Basic Maintenance Amount
as follows:

			(A)	For so long as Series C Preferred Shares
are rated by Moody's and/or S&P at the Corporation's request,
the Corporation shall maintain, on each Valuation Date,
Eligible Assets having an Adjusted Value at least equal to the
Series C Preferred Basic Maintenance Amount, as of such
Valuation Date.  Upon any failure to maintain Eligible Assets
having an Adjusted Value at least equal to the Series C
Preferred Basic Maintenance Amount, the Corporation shall use
all commercially reasonable efforts to re-attain Eligible
Assets having an Adjusted Value at least equal to the Series C
Preferred Basic Maintenance Amount on or prior to the Series C
Preferred Basic Maintenance Amount Cure Date, by altering the
composition of its portfolio or otherwise.

			(B)	On or before 5:00 P.M., New York City time,
on the third Business Day after a Valuation Date on which the
Corporation fails to satisfy the Series C Preferred Basic
Maintenance Amount, and on the third Business Day after the
Series C Preferred Basic Maintenance Cure Date with respect to
such Valuation Date, the Corporation  shall complete and
deliver to S&P and the Auction Agent (if S&P is then rating
the Series C Preferred Shares at the Corporation's request) a
Series C Preferred Basic Maintenance Report as of the date of
such failure or such Series C Preferred Basic Maintenance Cure
Date, as the case may be, which will be deemed to have been
delivered to S&P or the Auction Agent, as the case may be, if
S&P or the Auction Agent receives a copy or facsimile or other
electronic transcription or transmission thereof (via
facsimile or electronic mail solely in the case of S&P if S&P
is then rating the Series C Preferred Shares at the
Corporation's request) and on the same day the Corporation
mails or sends to S&P or the Auction Agent for delivery on the
next Business Day the full Series C Preferred Basic
Maintenance Report.  The Corporation shall also deliver a
Series C Preferred Basic Maintenance Report to (1) S&P, during
each of the first twelve months the Series C Preferred Shares
are Outstanding, and to the Auction Agent (if S&P is then
rating the Series C Preferred Shares at the Corporation's
request) as of (a) the fifteenth day of each month (or, if
such day is not a Business Day, the next succeeding Business
Day) and (b) the last Business Day of each month and to (2)
S&P as of each Valuation Date, in each case on or before the
fifth Business Day after such day, (3) upon reasonable request
by S&P and (4) any day the Common Shares and Series C
Preferred Shares are redeemed.  So long as S&P requires
delivery of a Series C Preferred Basic Maintenance Report, a
failure by the Corporation to deliver a Series C Preferred
Basic Maintenance Report pursuant to the preceding sentence
shall be deemed to be delivery of a Series C Preferred Basic
Maintenance Report indicating the Discounted Value for all
assets of the Corporation is less than the Series C Preferred
Basic Maintenance Amount, as of the relevant Valuation Date.

			(C)	The Corporation will provide S&P annually a
copy of its pricing procedures used in determining the Market
Value of the Corporation's assets.

			(D)	On or before 5:00 p.m., New York City time,
on the fifth Business Day after the Date of Original Issue of
Series C Preferred Shares, the Corporation shall complete and
deliver to S&P a Series C Preferred Basic Maintenance Report
as of the close of business on such Date of Original Issue.

			(E)	On or before 5:00 p.m., New York City time,
on the third Business Day after either (1) the Corporation
shall have redeemed Series C Preferred Shares or (2) the ratio
of the Discounted Value of Eligible Assets in respect of S&P
to the Series C Preferred Basic Maintenance Amount is less
than or equal to 110%, the Corporation shall complete and
deliver in electronic format to S&P a Series C Preferred Basic
Maintenance Report as of the date of either such event.

	SECOND:  The definition of "Accountant's Confirmation" in
Article I.13 of the Articles Supplementary is hereby deleted
from the Articles.

	THIRD:  The amendments set forth in these Articles of
Amendment were duly approved by the Board of Directors of the
Corporation in accordance with Article III of the Articles
Supplementary and the Maryland General Corporation Law.  No
stock entitled to be voted on the matter was outstanding or
subscribed for at the time of the approval of the amendments
set forth in these Articles of Amendment.

	FOURTH:  The amendments contemplated by these Articles of
Amendment do not increase the authorized stock of the
Corporation or the aggregate par value thereof.


[Remainder of page intentionally left blank]


	The undersigned President of The Gabelli Equity Trust
Inc., who executed these Articles of Amendment on behalf of
the Corporation, hereby acknowledges, in the name and on
behalf of the Corporation, that these Articles of Amendment
are the corporate act of the Corporation and states further,
under the penalties of perjury, that to the best of his
knowledge, information and belief, the matters and facts set
forth herein with respect to authorization and approval are
true in all material respects.

	IN WITNESS WHEREOF, The Gabelli Equity Trust Inc. has
caused these Articles of Amendment to be signed in its name
and on its behalf by its President and witnessed by its
Secretary as of this 15th day of November, 2012.


WITNESS:						THE GABELLI EQUITY TRUST
INC.

By:	/s/ Agnes Mullady				By:	/s/ Bruce N. Alpert
	Name:  Agnes Mullady				Name:  Bruce N. Alpert
	Title:  Secretary					Title:  President






[PAGE BREAK]




THE GABELLI EQUITY TRUST INC.

ARTICLES OF AMENDMENT TO THE
ARTICLES SUPPLEMENTARY
CREATING AND FIXING THE RIGHTS OF
5.875% SERIES D CUMULATIVE PREFERRED STOCK

	The Gabelli Equity Trust Inc., a Maryland corporation
(hereinafter called the "Corporation"), hereby certifies to
the State of Department of Assessments and Taxation of the
State of Maryland that:

	FIRST:  Article II of the Articles Supplementary, Section
6 (a) (ii), subsection B through E, require delivery to
Moody's of periodic "Basic Maintenance Reports," and an
"Accountant's Confirmation" of certain "Basic Maintenance
Reports."  Moody's has advised the Corporation that the
delivery of such Reports and Confirmations shall no longer be
required.  Accordingly, subsections B, C, D and E of Section
6(a)(ii) in Article II of the Articles Supplementary are
hereby deleted in their entirety from the Articles.

	SECOND:  The definition of "Accountant's Confirmation" in
Article I of the Articles Supplementary is hereby deleted from
the Articles.

	THIRD:  The definition of "Basic Maintenance Report" or
"Report" in Article I of the Articles Supplementary is hereby
deleted from the Articles.

	FOURTH:  The amendments set forth in these Articles of
Amendment were duly approved by the Board of Directors of the
Corporation in accordance with Article III of the Articles
Supplementary and the Maryland General Corporation Law.  No
stock entitled to be voted on the matter was outstanding or
subscribed for at the time of the approval of the amendments
set forth in these Articles of Amendment.

	FIFTH:  The amendments contemplated by these Articles of
Amendment do not increase the authorized stock of the
Corporation or the aggregate par value thereof.


[Remainder of page intentionally left blank]

	The undersigned President of The Gabelli Equity Trust
Inc., who executed these Articles of Amendment on behalf of
the Corporation, hereby acknowledges, in the name and on
behalf of the Corporation, that these Articles of Amendment
are the corporate act of the Corporation and states further,
under the penalties of perjury, that to the best of his
knowledge, information and belief, the matters and facts set
forth herein with respect to authorization and approval are
true in all material respects.

	IN WITNESS WHEREOF, The Gabelli Equity Trust Inc. has
caused these Articles of Amendment to be signed in its name
and on its behalf by its President and witnessed by its
Secretary as of this 15th day of November, 2012.


WITNESS:						THE GABELLI EQUITY TRUST
INC.

By:	/s/ Agnes Mullady				By:	/s/ Bruce N. Alpert
	Name:  Agnes Mullady			Name:  Bruce N. Alpert
	Title:  Secretary					Title:  President





[PAGE BREAK]







THE GABELLI EQUITY TRUST INC.

ARTICLES OF AMENDMENT TO THE
ARTICLES SUPPLEMENTARY
CREATING AND FIXING THE RIGHTS OF
SERIES E AUCTION RATE PREFERRED STOCK

	The Gabelli Equity Trust Inc., a Maryland corporation
(hereinafter called the "Corporation"), hereby certifies to
the State of Department of Assessments and Taxation of the
State of Maryland that:

	FIRST:  Article I of the Articles Supplementary, Section
9(a)(ii), subsections B through F, require delivery to Moody's
and S&P of periodic "Basic Maintenance Reports," and an
"Accountant's Confirmation" of certain "Basic Maintenance
Reports."  Moody's has advised the Corporation that the
delivery of such Reports and Confirmations by it shall no
longer be required.  S&P has advised the Corporation that it
will no longer require the Accountant Confirmation.
Accordingly, the text of Section 9(a)(ii) in Article I of the
Articles Supplementary is hereby deleted in its entirety from
the Articles, and replaced by the following:

			(ii)	Basic Maintenance Amount as follows:

(A)		For so long as the Series E Preferred
Stock is rated by Moody'
and/or S&P at the Corporation's request, the Corporation shall
maintain, on each Valuation Date, Eligible Assets having an
Adjusted Value at least equal to the Basic Maintenance Amount,
as of such Valuation Date.  Upon any failure to maintain
Eligible Assets having an Adjusted Value at least equal to the
Basic Maintenance Amount, the Corporation shall use all
commercially reasonable efforts to re-attain Eligible Assets
having an Adjusted Value at least equal to the Basic
Maintenance Amount on or prior to the Basic Maintenance Amount
Cure Date, by altering the composition of its portfolio or
otherwise.

(B)		On or before 5:00P.M., New York City
time, on the third Day after
a Valuation Date on which the Corporation fails to satisfy the
Basic Maintenance Amount, and on the third Business Day after
the Basic Maintenance Amount Cure Date with respect to such
Valuation Date, the Corporation shall complete and deliver to
S&P (if S&P is then rating the Series E Preferred Stock at the
Corporation's request) a Basic Maintenance Report as of the
date of such failure or such Basic Maintenance Amount Cure
Date, as the case may be, which will be deemed to have been
delivered to S&P if S&P receives a copy or facsimile or other
electronic transcription or transmission thereof (via
facsimile or electronic mail solely in the case of S&P if S&P
is then rating the Series E Preferred Stock at the
Corporation's request) and on the same day the Corporation
mails or sends to S&P for delivery on the next Business Day
the full Basic Maintenance Report.  The Corporation shall also
deliver a Basic Maintenance Report to (1) S&P as of each
Valuation Date, in each case on or before the fifth Business
Day after such day, (2) upon reasonable request by S&P and (3)
any day the Common Stock and Series E Preferred Stock are
redeemed.  So long as S&P requires delivery of a Basic
Maintenance Report, a failure by the Corporation to deliver a
Basic Maintenance Report pursuant to the preceding sentence
shall be deemed to be delivery of a Basic Maintenance Report
indicating the Discounted Value for all assets of the
Corporation is less than the Basic Maintenance Amount, as of
the relevant Valuation Date.

(C)		The Corporation will provide S&P
annually a copy of its pricing
procedures used in determining the Market Value of the
Corporation's assets.

			(D)	On or before 5:00 p.m., New York city time,
on the fifth Business Day after the Date of the Original Issue
of Series E Preferred Stock, the Corporation shall complete
and deliver to S&P a Basic Maintenance Report as of the close
of business on such Date of Original Issue.

			(E)	On or before 5:00 p.m., New York City time,
on the third Business Day after either (1) the Corporation
shall have redeemed Series E Preferred Stock or (2) the ratio
of the Discounted Value of Eligible Assets in respect of S&P
to the Basic Maintenance Amount is less than or equal to 110%,
the Corporation shall complete and deliver in electronic
format to S&P a Basic Maintenance Report as of the date of
either such event.

			(F)	As for any Valuation Date for which the
Corporation's ratio of the Discounted Value of Eligible Assets
in respect of S&P to the Basic Maintenance Amount is less than
or equal to 110%, the Corporation shall deliver, by fax or
email before 5:00 p.m. New York City time on the first
Business Day following such Valuation Date, notice of such
ratio to each Rating Agency.

	SECOND:  The definition of "Accountant's Confirmation" in
Article I.13 of the Articles Supplementary is hereby deleted
from the Articles.

	THIRD:  The amendments set forth in these Articles of
Amendment were duly approved by the Board of Directors of the
Corporation in accordance with Article III of the Articles
Supplementary and the Maryland General Corporation Law.  No
stock entitled to be voted on the matter was outstanding or
subscribed for at the time of the approval of the amendments
set forth in these Articles of Amendment.

	FOURTH:  The amendments contemplated by these Articles of
Amendment do not increase the authorized stock of the
Corporation or the aggregate par value thereof.


[Remainder of page intentionally left blank]

	The undersigned President of The Gabelli Equity Trust
Inc., who executed these Articles of Amendment on behalf of
the Corporation, hereby acknowledges, in the name and on
behalf of the Corporation, that these Articles of Amendment
are the corporate act of the Corporation and states further,
under the penalties of perjury, that to the best of his
knowledge, information and belief, the matters and facts set
forth herein with respect to authorization and approval are
true in all material respects.

	IN WITNESS WHEREOF, The Gabelli Equity Trust Inc. has
caused these Articles of Amendment to be signed in its name
and on its behalf by its President and witnessed by its
Secretary as of this 15th day of November, 2012.


WITNESS:						THE GABELLI EQUITY TRUST
INC.

By:	/s/ Agnes Mullady				By:	/s/ Bruce N. Alpert
	Name:  Agnes Mullady				Name:  Bruce N. Alpert
	Title:  Secretary					Title:  President




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