The Fund's Class AAA shares are open to additional investments by existing shareholders and to new investors provided that new investors acquire shares of the Fund, with a minimum initial investment of $10,000 directly through the Distributor or through the Fund's Transfer Agent. There are no subsequent investment minimums. Investments through intermediaries will not be accepted. The Fund's Advisor Class is available through financial intermediaries.

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