GABELLI EQUITY TRUST INC — Director's Dealing 2007

Dec 5, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GABELLI EQUITY TRUST INC (GAB.D)
CIK: 0000794685
Period of Report: 2007-12-04

Reporting Person: ALPERT BRUCE N (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-04	Series D Preferred Stock	S	1100	$23.5	Disposed	2610	Indirect