We show that the BRST quantum version of pure D=4 N=2 supergravity can be topologically twisted, to yield a formulation of topological gravity in four dimensions.The topological BRST complex is just a rearrangement of the old BRST complex, that partly modifies the role of physical and ghost fields: indeed, the new ghost number turns out to be the sum of the old ghost number plus the internal U(1) charge. Furthermore, the action of N=2 supergravity is retrieved from topological gravity by choosing a gauge fixing that reduces the space of physical states to the space of gravitational instanton configurations, namely to self-dual spin connections.The descent equations relating the topological observables are explicitly exhibited and discussed. Ours is a first step in a programme that aims at finding the topological sector of matter coupled N=2 supergravity, viewed as the effective Lagrangian of type II superstrings and, as such, already related to 2D topological field-theories. As it stands the theory we discuss may prove useful in describing gravitational instantons moduli-spaces.