PAGE  1
000 A000000 06/30/2005
000 C000000 0000794685
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 THE GABELLI EQUITY TRUST INC.
001 B000000 811-04700
001 C000000 9149215100
002 A000000 ONE CORPORATE CENTER
002 B000000 RYE
002 C000000 NY
002 D010000 10580
002 D020000 1422
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
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007 C010200  2
007 C010300  3
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007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 GABELLI FUNDS, LLC
008 B000001 A
008 C000001 801-37706
008 D010001 RYE
008 D020001 NY
008 D030001 10580
008 D040001 1422
010 A000001 GABELLI FUNDS, LLC
010 B000001 801-37706
010 C010001 RYE
010 C020001 NY
010 C030001 10580
010 C040001 1422
010 A000002 PFPC INC.
010 C010002 WILMINGTON
010 C020002 DE
010 C030002 19809
012 A000001 EQUISERVE TRUST CO., N.A.
      PAGE  2
012 B000001 84-5601
012 C010001 CANTON
012 C020001 MA
012 C030001 02021
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10017
014 A000001 GABELLI & COMPANY, INC.
014 B000001 8-21373
014 A000002 GABELLI DIRECT INC.
014 B000002 8-37104
014 A000003 GABELLI FIXED INCOME DISTRIBUTORS INC.
014 B000003 8-38568
015 A000001 MELLON TRUST OF NEW ENGLAND, NA
015 B000001 C
015 C010001 EVERETT
015 C020001 MA
015 C030001 02149
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000   28
019 C000000 GABELLIGRP
020 A000001 GABELLI & COMPANY, INC.
020 B000001 13-2885006
020 C000001     95
020 A000002 ALLEN & CO., INC.
020 B000002 13-6176976
020 C000002     20
020 A000003 EXANE BNP PARIBAS
020 B000003 13-3235334
020 C000003     12
020 A000004 CAZENOVE, INC.
020 B000004 94-1658752
020 C000004      8
020 A000005 COLLINS STEWART, INC.
020 B000005 13-4007004
020 C000005      5
020 A000006 INTERMOBILAIRE SECURITIES
020 B000006 N/A
020 C000006      4
020 A000007 BEAR STEARNS & CO., INC.
020 B000007 13-3299429
020 C000007      4
020 A000008 INVESTEC ERNST & CO.
020 B000008 13-3732556
020 C000008      3
020 A000009 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000009 13-5674085
020 C000009      3
      PAGE  3
020 A000010 PRUDENTIAL EQUITY GROUP, INC.
020 B000010 22-2347336
020 C000010      2
021  000000      161
022 A000001 BARCLAY CAPITAL, INC.
022 B000001 06-1031656
022 C000001   7822203
022 D000001         0
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022 B000002 13-3227945
022 C000002   5905731
022 D000002         0
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022 B000003 13-2650272
022 C000003     11432
022 D000003         0
022 A000004 TEL ITALIA MOBILE
022 C000004         0
022 D000004      9494
022 A000005 KNIGHT SECURITIES
022 B000005 22-3660471
022 C000005      1714
022 D000005      1464
022 A000006 TRACINDA CORP.
022 C000006         0
022 D000006      2170
022 A000007 KERR-MCGEE CORP.
022 B000007 73-1612389
022 C000007         0
022 D000007       915
022 A000008 BEAR STEARNS & CO., INC.
022 B000008 13-3299429
022 C000008       390
022 D000008       469
022 A000009 STATE STREET BANK & TRUST CO.
022 B000009 04-1867445
022 C000009       263
022 D000009         0
022 A000010 JEFFERIES & CO., INC.
022 B000010 95-2622900
022 C000010       213
022 D000010         0
023 C000000   13742129
023 D000000      14513
024  000000 Y
025 A000001 STATE STREET BANK & TRUST CO.
025 B000001 04-1867445
025 C000001 E
025 D000001    3860
025 A000002 PRUDENTIAL SECURITIES, INC.
025 B000002 22-2347336
      PAGE  4
025 C000002 E
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      PAGE  5
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      PAGE  6
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      PAGE  7
070 A010000 Y
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      PAGE  8
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      PAGE  9
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087 A010000 COMMON STOCK
087 A020000 362397101
087 A030000 GAB
087 B010000 7.20% TAX ADVANTAGED SERIES B PREFERRED STOCK
087 B020000 362397408
087 B030000 GABPRB
087 C010000 5.875% SERIES D PREFERRED STOCK
087 C020000 362397705
087 C030000 GABPRD
088 A000000 N
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SIGNATURE   BRUCE N ALPERT                               
TITLE       PRESIDENT &TREASURER