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Uses a balanced investment approach which seeks both capital appreciation and
current income. The Fund's managers have the flexibility to adjust the allocation
between stocks, bonds and cash as appropriate in light of current economic and
business conditions.
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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.
Distributed by Gabelli & Company, Inc. One Corporate Center, Rye, NY 10580.
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