DIVIDEND NOTICE
The Gabelli Global Convertible Securities Fund

FOR IMMEDIATE RELEASE
Rye, NY
September 28, 2005
For information contact:
Bruce N. Alpert
Ph: (914) 921-5105 or 1-800-GABELLI


    The Gabelli Global Convertible Securities Fund will pay the following quarterly distributions:

    Share Class Distribution Rate
    (per share)
    Record Date Ex-Dividend, Payment
    & Reinvestment Date
    Class AAA - Fund #441
    (GAGCX-Nasdaq)
    $0.03 September 27, 2005 September 28, 2005
    Class A - Fund #1638 $0.03 September 27, 2005 September 28, 2005
    Class B - Fund #1639 $0.03 September 27, 2005 September 28, 2005
    Class C - Fund #1640 $0.03 September 27, 2005 September 28, 2005

    Currently, approximately 78.8% of the distribution for accounting purposes is from capital gains and 15.0% is a return of capital.

    The final determination of the proportion of capital gains, ordinary income and non-taxable return of capital distributed in 2005 will be made after year-end. All shareholders will receive written notification regarding the components and tax treatment for all 2005 distributions in early 2006 via Form 1099-DIV.

    The Gabelli Global Convertible Securities Fund is managed by Gabelli Funds, LLC and distributed by Gabelli & Company, Inc., subsidiaries of GAMCO Investors, Inc. (NYSE: GBL).