GABELLI EQUITY TRUST INC — Director's Dealing 2005

Oct 28, 2005

SEC Form 4/A — Form 4/A

Issuer: GABELLI EQUITY TRUST INC (GAB)
CIK: 0000794685
Period of Report: 2005-10-26

Reporting Person: PUSTORINO ANTHONY R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-10-26	Common Stock	P	1374	$7	Acquired	10988.252	Direct
2005-10-26	Common Stock	P	329	$7	Acquired	2631.898	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-10-26	Common Stock Purchase Rights	$7	X	9618	Disposed	2005-10-26	Common Stock (1374)	Direct
2005-10-26	Common Stock Purchase Rights	$7	X	2303	Disposed	2005-10-26	Common Stock (329)	Indirect

Footnotes

F1: The reporting person acquired 9,618 common stock purchase rights as a result of a pro rata distribution of such rights on September 21, 2005.

F2: The wife of the reporting person acquired 2,303 common stock purchase rights as a result of a pro rata distribution of such rights on September 21, 2005.