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EXHIBIT N (1)
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this Registration
Statement on Form N-2 of our report dated February 11, 2000, relating to the
financial statements and financial highlights of The Gabelli Equity Trust Inc.
which appear in the December 31, 1999 Annual Report to Shareholders of The
Gabelli Equity Trust Inc. which is also incorporated by reference into the
Registration Statement. We also consent to the references to us under the
headings "Financial Highlights", "Experts", "Counsel and Independent
Accountants" and "Financial Statements" in such Registration Statement.
/s/ PricewaterhouseCoopers LLP
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PricewaterhouseCoopers LLP
New York, New York
December 1, 2000
