Below are the preliminary year end distribution estimates per share. THE AMOUNTS AND CLASSIFICATIONS ARE SUBJECT TO CHANGE. Distributions are paid to everyone owning shares on the record date of the distribution, regardless of how long the shares have been held. Estimates shown are for the fund's principal class of shares. Other share classes may have slight variations from the estimates shown. The GAMCO Westwood Funds, Gabelli Small Cap Growth Fund, Gabelli Equity Income Fund, and the Gabelli Woodland Small Cap Value Fund distributions are expected to be paid on November 26, 2008 to shareholders of record as of November 25, 2008. For all other funds, distributions are expected to be paid on December 29, 2008 to shareholders of record as of December 26, 2008.

Estimated Per Share Distributions   Net Inv. Income Short Term Cap Gains (a) Long Term Cap Gains Total Gabelli & GAMCO Funds * Record Date - December 26, 2008 Asset Fund (GABAX) See Dividend Notice GAMCO Growth Fund (GABGX) ABC Fund (GABCX) Value Fund (GABVX) GAMCO Mathers Fund (MATRX) GAMCO Gold Fund (GOLDX) GAMCO Global Growth Fund (GICPX) GAMCO Global Telecom Fund (GABTX) GAMCO International Growth Fund (GIGRX) GAMCO Global Opportunity Fund (GABOX) Blue Chip Value Fund (GABBX) Enterprise Mergers and Acquisitions Fund (EMAAX) GAMCO Global Conv. Securities Fund (GAGCX) (b) See Dividend Notice Utilities Fund (GABUX) (c) See Dividend Notice    * Record Date - November 25, 2008 Equity Income Fund (GABEX) (c) See Dividend Notice Small Cap Growth Fund (GABSX) See Dividend Notice Woodland Small Cap Value Fund (GWSVX) See Dividend Notice    The GAMCO Westwood Funds * Record Date - November 25, 2008 Mighty Mites Fund (WEMMX) See Dividend Notice Equity Fund (WESWX) Balanced Fund (WEBAX) Intermediate Bond Fund (WEIBX) (d) SmallCap Equity Fund (WESCX) Income Fund (WESRX)    (a) Taxable as ordinary income. (b) Distributions paid quarterly. Amount may include a non-taxable return of capital. (c) Distributions paid monthly. Amount may include a non-taxable return of capital. (d) Net investment income accrued daily and paid monthly. --- No year end dividend expected. * Record Date is subject to change. Pay date is the next business day.