Investors should consider the investment objectives, risks, sales charges
and expense of the fund carefully before investing. The prospectus contains more
complete information about this and other matters. The prospectus should be
read carefully before investing.
You can obtain a free prospectus by calling Gabelli & Company, Inc. at 1-800-GABELLI
(1-800-422-3554), or contacting your financial representative or by visiting
http://www.gabelli.com.
Distributed by Gabelli & Company, Inc. One Corporate Center, Rye, NY 10580.