CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

The Board of Directors and Shareholders of

Oppenheimer Equity Income Fund, Inc.
 
We consent to the use in this Registration Statement of Oppenheimer Equity Income Fund, Inc. of our report dated December 16, 2008, included in the Statement of Additional Information, which is part of such Registration Statement, and to the references to our firm under the headings “Financial Highlights” appearing in the Prospectus, which is also part of such Registration Statement and “Independent Registered Public Accounting Firm” appearing in the Statement of Additional Information.
 
 
 
                         /s/ KPMG LLP
                         KPMG LLP
 
Denver, Colorado

February 26, 2009