Lappin, Ward Doubt Fed Can Stimulate U.S. Economy

Howard Ward is the Chief Investment Officer of Growth Equities at GAMCO Investors, Inc.

The above webcast is an excerpt from a Bloomberg broadcast that appeared on July 5, 2012. The webcast is made available by Bloomberg and is provided on GAMCO's website for your convenience only.

GAMCO is providing these links as a matter of general information. We do not intend for these links to be a complete description of any security or company and it is not an offer or solicitation to buy or sell any security, nor is it a research report with respect to any of the companies mentioned herein.

As of June 30, 2012, affiliates of GAMCO Investors, Inc. beneficially owned less than 1% of Eaton Corp., Emerson Electric Co., General Electric Co., Goldman Sachs Group, Morgan Stanley, Bank of America, JP Morgan, Wells Fargo & Co, and Deere & Co.

The Chief Investment Officer's views, and those of any other GAMCO officer, Portfolio Manager or other investment personnel are subject to change at any time based on market and other conditions. The information in this posting represents the opinions of the individual(s) involved and is not intended to be nor is it presented as, and it may not be interpreted or considered as, a forecast of future events, a guarantee of future results, or investment advice. Views expressed are those of the individual(s) involved and may differ from those of other GAMCO officers, Portfolio Managers, other employees or of the Firm as a whole. Because the investment personnel at GAMCO and our affiliates make individual investment decisions with respect to the client accounts that they manage, these accounts may have transactions inconsistent with the information contained in this posting. Certain GAMCO personnel may know the substance of the posting prior to its posting. GAMCO and its affiliates may receive compensation from companies referenced herein, if any, or may be soliciting any company referenced herein as a client for our services.

This webcast is not an offer to sell any security nor is it a solicitation of an offer to buy any security.

For more information or a prospectus, visit our website at: www.gabelli.com or call: 800-GABELLI
800-422-3554 o 914-921-5100 o Fax: 914-921-5118 o info@gabelli.com