GABELLI EQUITY TRUST INC — Director's Dealing 2005

Nov 4, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GABELLI EQUITY TRUST INC (GAB)
CIK: 0000794685
Period of Report: 2005-11-02

Reporting Person: ZIZZA SALVATORE J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-11-02	Common Stock	P	5000	$7	Acquired	13173	Direct
2005-11-02	Common Stock	P	2500	$7	Acquired	14878	Indirect
2005-11-02	Common Stock	P	2500	$7	Acquired	14878	Indirect

Footnotes

F1: Represents shares received in the oversubscription in connection with the Issuer's rights offering.