PAGE 1
000 B000000 12/31/2006
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
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
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 COMPUTERSHARE TRUST COMPANY, N.A.
PAGE 2
012 B000001 84-05925
012 C010001 CANTON
012 C020001 MA
012 C030001 02021
012 C040001 1011
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 FIXED INCOME DISTRIBUTORS, INC.
014 B000002 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 27
019 C000000 GABELLIGRP
020 A000001 GABELLI & COMPANY, INC.
020 B000001 13-2885006
020 C000001 483
020 A000002 ALLEN & COMPANY LLC
020 B000002 13-4193615
020 C000002 52
020 A000003 BEAR STEARNS & CO., INC.
020 B000003 13-3299429
020 C000003 36
020 A000004 CANTOR FITZGERALD & CO.
020 B000004 13-3680184
020 C000004 30
020 A000005 CITIGROUP GLOBAL MARKETS, INC.
020 B000005 11-2418191
020 C000005 25
020 A000006 J.P. MORGAN SECURITIES, INC.
020 B000006 13-3379014
020 C000006 24
020 A000007 PALI CAPITAL, INC.
020 B000007 13-3864902
020 C000007 23
020 A000008 PICTET ET CIE
020 B000008 N/A
020 C000008 20
020 A000009 INTERMONTE SECURITIES SIM
020 B000009 N/A
020 C000009 19
020 A000010 INVESTEC (US), INC.
PAGE 3
020 B000010 13-3732556
020 C000010 12
021 000000 829
022 A000001 BARCLAYS CAPITAL, INC.
022 B000001 06-1031656
022 C000001 32432472
022 D000001 0
022 A000002 ABN AMRO, INC.
022 B000002 13-3227945
022 C000002 17855000
022 D000002 0
022 A000003 DAIWA SECURITIES AMERICA, INC.
022 B000003 13-5680329
022 C000003 152544
022 D000003 21921
022 A000004 ABBOTT LABORATORIES
022 B000004 36-0698440
022 C000004 0
022 D000004 35100
022 A000005 NESTLE SA
022 B000005 N/A
022 C000005 0
022 D000005 28694
022 A000006 HSBC SECURITIES (USA), INC.
022 B000006 13-2650272
022 C000006 20903
022 D000006 0
022 A000007 NORDIC TELEPHONE CO.
022 B000007 N/A
022 C000007 0
022 D000007 18575
022 A000008 GILEAD SCIENCES, INC.
022 B000008 94-3047598
022 C000008 0
022 D000008 16800
022 A000009 COMPANHIA VALE DO RIO DOCE
022 B000009 N/A
022 C000009 0
022 D000009 15288
022 A000010 PILGRIM'S PRIDE CORP.
022 B000010 75-1285071
022 C000010 0
022 D000010 14700
023 C000000 50481316
023 D000000 182240
024 000000 Y
025 A000001 CITIGROUP GLOBAL MARKETS, INC.
025 B000001 11-2418191
025 C000001 E
025 D000001 13925
025 A000002 J.P. MORGAN SECURITIES, INC.
PAGE 4
025 B000002 13-3379014
025 C000002 E
025 D000002 2512
025 A000003 BARCLAYS CAPITAL, INC.
025 B000003 06-1031656
025 C000003 E
025 D000003 1001
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
028 G040000 0
028 H000000 0
PAGE 5
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 1.000
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 Y
052 000000 N
053 A000000 N
PAGE 6
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
061 000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 Y
066 E000000 N
066 F000000 N
066 G000000 N
PAGE 7
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 Y
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 555515
071 B000000 495442
071 C000000 1679696
071 D000000 30
072 A000000 12
072 B000000 10582
072 C000000 41180
072 D000000 0
072 E000000 0
072 F000000 18762
072 G000000 0
PAGE 8
072 H000000 189
072 I000000 172
072 J000000 204
072 K000000 0
072 L000000 395
072 M000000 140
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 45
072 R000000 82
072 S000000 36
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 801
072 X000000 20826
072 Y000000 0
072 Z000000 30936
072AA000000 143621
072BB000000 0
072CC010000 219970
072CC020000 0
072DD010000 26288
072DD020000 0
072EE000000 120481
073 A010000 0.1569
073 A020000 0.0000
073 B000000 0.7231
073 C000000 0.0000
074 A000000 83
074 B000000 219449
074 C000000 27201
074 D000000 2135
074 E000000 3845
074 F000000 1829365
074 G000000 0
074 H000000 0
074 I000000 160
074 J000000 53414
074 K000000 0
074 L000000 2112
074 M000000 696
074 N000000 2138460
074 O000000 17152
074 P000000 5867
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 1043
PAGE 9
074 S000000 527492
074 T000000 1586906
074 U010000 168756
074 U020000 0
074 V010000 9.40
074 V020000 0.00
074 W000000 0.0000
074 X000000 78502
074 Y000000 224519
075 A000000 0
075 B000000 1882806
076 000000 9.41
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 Y
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
078 000000 N
080 A000000 NATIONAL UNION FIRE INSURANCE CO.
080 C000000 20450
081 A000000 Y
081 B000000 33
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 2677
086 A020000 23592
086 B010000 0
086 B020000 0
086 C010000 6000
086 C020000 150000
086 D010000 1650
086 D020000 41250
PAGE 10
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
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
088 B000000 N
088 C000000 N
088 D000000 Y
SIGNATURE AGNES MULLADY
TITLE TREASURER