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TETON Westwood SmallCap Equity Fund Class C

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Portfolio Manager: Nicholas F. Galluccio Ticker Symbol: WWSCX

Fund Structure:
Asset Class:
Investment Style:
Investment Objective:
Multiclass:

 Open End
Equity
Small Cap Value
Capital Apprec. - Small Cap

Key Dates
Inception: April 15, 1997 Dividends Paid: Annual - Dec.
Fiscal Year End: September Capital Gains Paid: Annual - Dec.

Fund Identifiers
Exchange Symbol: WWSCX
Cusip Number: 88166L736
Telephone Audio Response Code: 1116
Class: C   

Minimum Investment Requirements
Initial Investment Subsequent Investment
Regular Account: $ 1,000 Telephone Invest: $   100
IRA, Fiduciary: $ 250 Auto Investment Plan $   100
UGMA, Custodial Account: $ 250 Mail None
Auto Investment Plan None Wire $   100

 Fund Operating Expenses  Account Fees
Management 1.00 % Sales Load: None
12B-1 1 % CDSC: * 1.00 %
Other Expenses 0.40 % Exchange Fee: None
Fee Waiver + (0.15)% IRA Custodian $15 if less than $25,000
Total  2.25 %  Education IRA None 

Securities of smaller companies present greater risks than securities of larger, more established companies. The stocks of smaller companies may trade less frequently and experience more abrupt price movements than stocks of larger companies, therefore, investing in this sector involves special challenges.

The fund typically invests in 50-70 companies. By concentrating in a small number of investments, the Fund's risks are increased because each investment has a greater effect in the Fund's performance than a Fund which is more broadly diversified.

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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