GABELLI EQUITY TRUST INC — Director's Dealing 2003

Oct 7, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GABELLI EQUITY TRUST INC (GAB)
CIK: 0000794685
Period of Report: 2003-10-02

Reporting Person: ALPERT BRUCE N (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-02	5.875% Series D Cumulative Preferred Stock	P	4010	$25	Acquired	4010	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	615.09	Direct
7.20% Series B Preferred Stock	400	Direct