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Gabelli Fixed Income |
| "Gabelli Fixed Income specializes in the management of high-quality
short and intermediate fixed income portfolios. The Funds invests in securities with
the two highest ratings by Moody's and Standard & Poor's. We design the portfolios
to generate superior returns without compromising portfolio safety. Risk management and
liquidity are the key components of our investment philosophy. Gabelli Fixed Income
is ideal for investors looking for a safe place to invest the cash equivalent portion
of their portfolio." |

Judith Raneri Portfolio Manager |
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| Funds Offered |
The Gabelli U.S. Treasury Money Market Fund
Invests exclusively in U.S. Treasury securities. The Fund's primary objective is high current income consistent with the preservation of principal and liquidity. Features low expenses, check writing, telephone exchange and redemption privileges. $10,000 minimum initial investment. $3,000 for Gabelli Fund shareholders. $1,000 minimum for IRAs and Custodial Accounts.
Remember that an investment in any money market fund is not guaranteed by the US government and the Fund cannot assure that it's $1.00 share price will be maintained
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An investment in any money market fund is not insured or guaranteed by the US government,
the Federal Deposit Insurance Corporation or any government agency. Although the Fund seeks
to maintain the value of an investment at $1.00 per share it is possible to 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 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.
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