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TETON Westwood Income Fund

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Portfolio Manager: Barbara G. Marcin, CFA Ticker Symbol: WESRX

Key Multiclass Information
  Class A Class C Class I
Inception: September 30, 1997 September 30, 1997 September 30, 1997
NASDAQ Symbol: WEIAX WEICX WESIX
Cusip Number: 88166L819 88166L835 88166L801
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Response Code:		 1120 1122 1553
Fund Operating Expenses
Management 1.00 % 1.00 % 1.00 %
12B-1 0.50 % 1.00 % 0.00 %
Other Expenses 1.57 % 1.57 % 1.57 %
Fee Waiver ** 0.82 % 0.82 % 0.82 %
Total 2.25 % 2.75 % 1.75 %
Multiclass Pricing Information
Sales Charge - Break Point Information

Formerly The Westwood Realty Fund.

The Fund's share price will fluctuate with changes in the market value of the Fund's portfolio securities. Stocks are subject to market, economic and business risks that cause their prices to fluctuate. When you sell Fund shares, they may be worth less than what you paid for them. Consequently, you can lose money by investing in the Fund.

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 at 1-800-GABELLI (1-800-422-3554), or contacting your financial representative or by visiting http://www.gabelli.com.

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