HOUSTON, Nov. 3 /PRNewswire-FirstCall/ -- Equus Total Return, Inc. (NYSE:EQS) ("Equus" or the "Fund") today announced that effective October 31, 2006, Harry O. Nicodemus IV, the Fund's Chief Financial Officer, Chief Accounting Officer and Chief Compliance Officer, resigned to pursue other interests. The Fund has initiated a search for his replacement. In the interim, James Philip Walters, Vice-President, will serve in the role of Chief Financial Officer and Chief Compliance Officer. Equus is a business development company that trades as a closed-end fund on the New York Stock Exchange, under the symbol "EQS". Additional information on Equus may be obtained from its website at http://www.equuscap.com/ . CONTACT: Brett Chiles +1-713-529-0900 DATASOURCE: Equus Total Return, Inc. CONTACT: Brett Chiles of Equus Total Return, Inc., +1-713-529-0900 Web site: http://www.equuscap.com/

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