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  The Gabelli Equity Trust Inc.
  One Corporate Center
  Rye, New York 10580-1422
The Gabelli Equity Trust Inc.
 

"At Gabelli Funds, we do bottom-up research. We read annual reports, visit the competition, talk to customers and meet a company's management before we invest. We look for a catalyst - something happening in the company or industry that may create value."

The Gabelli Equity Trust is a closed-end, non-diversified management investment company whose investment objective is long-term growth of capital, with income as a secondary objective. Investments will be made based on management's perception of their potential for capital appreciation. The Fund seeks out undervalued companies with greater than average potential for growth.

Shares are listed on the NYSE under symbol GAB. Closed-end funds are not FDIC-insured, nor bank-guaranteed and may lose value. There can be no assurance that any closed-end fund will achieve its investment objective(s). The value of any closed-end fund will fluctuate with the value of the underlying securities. Closed end Funds have specific risks including market risks, interest rate risks and liquidity risks. Investors should consider the investment objectives, risks and expense of the fund before investing. Please contact your financial advisor to purchase shares. This is not intended as an advertisement or an invitation to buy, or an offer to sell, securities.