DIVIDEND SUMMARY
(Multiclass)

  Source of Distribution
(per share)		 Reinvest.
Price		 2001
Reinvest.
Date (f)
  Total Net Investment
Income (a)		 Short Term
Cap. Gains (a)		 Long Term
Cap. Gains (a)
Gabelli Funds
Global Telecom Fund
Class A (36239X609)
 $0.0152 ---- $0.0152 ---- $ 13.86 12/27
Class B (36239X708)
 $0.0152 ---- $0.0152 ---- $ 13.74 12/27
Class C (36239X807)
 $0.0152 ---- $0.0152 ---- $ 13.73 12/27
Global Conv. Sec. Fund (b)
Class A (36239X864)
 $0.100 $0.100 * ---- ----   $ 8.26 12/27
Class B (36239X872)
 $0.100 $0.100 * ---- ----   $ 8.21 12/27
Class C (36239X880)
 $0.100 $0.100 * ---- ----   $ 8.26 12/27
* A portion of this distribution is expected to be a return of capital, which will be determined after year end.
Value Fund
Class B (36240H205)
 $0.575 ---- $0.035 $0.480 $ 16.31 12/27
Class B (36240H205)
 $0.060 ---- ---- $0.060 $ 16.23 12/31
Class C (36240H304)
 $0.575 ---- $0.035 $0.480 $ 16.33 12/27
Class C (36240H304)
 $0.060 ---- ---- $0.060 $ 16.24 12/31
International Growth Fund
Class A (36239U209)
 $0.2176 $0.1892 $0.0274 $0.0010 $ 13.61 12/27
Class B (36239U308)
 $0.1197 $0.0913 $0.0274 $0.0010 $ 13.61 12/27
Class C (36239U407)
 $0.1007 $0.0723 $0.0274 $0.0010 $ 13.62 12/27
Global Growth Fund
Class A (36239X799)
 ----- ----- ----- ----- NA NA
Class B (36239X815)
 ----- ----- ----- ----- NA NA
Class C (36239X823)
 ----- ----- ----- ----- NA NA
Global Opportunity Fund
Class A (36239X831)
 $0.105 $0.105 ----- -----   $ 9.90 12/27
Class B (36239X849)
 $0.032 $0.032 ----- -----   $ 9.91 12/27
Class C (36239X856)
 ----- ----- ----- ----- NA NA
 
Gabelli Westwood Funds
Balanced Fund
Class A (WEBCX)
 $0.054 $0.053 --- $0.001 $ 10.83 12/20
Class B
$0.024 $0.023 --- $0.001 $ 10.88 12/20
Class C
$0.041 $0.040 --- $0.001 $ 10.86 12/20
Equity Fund
Class A (WEECX)
 $0.027 $0.027 --- ---   $ 8.93 12/20
Class B
$0.024 $0.024 --- ---   $ 8.93 12/20
Mighty Mites sm
Class B
$0.041 $0.041 --- --- $ 11.43 12/20
Class C
$0.097 $0.097 --- --- $ 11.39 12/20
Realty Fund
Class A
 $0.131 $0.131 --- ---   $ 9.87 12/20
Class B
$0.136 $0.136 --- ---   $ 9.86 12/20
Intermediate Bond Fund
Class A
 (e) (e) --- --- --- ---
Class B
(e) (e) --- --- --- ---
Class C
(e) (e) --- --- --- ---
Due to the diversity in state and local tax laws, it is recommended that you consult with your personal tax advisor for the applicability of the information provided. If you have any questions, please call us at 1-800-GABELLI (1-800-422-3554). One of our investor representatives will assist you. We do not provide tax advice but can provide statistical information useful for such purposes.

  1. 100% of long term capital gains are subject to a maximum tax rate of 20% (10% for shareholders in the 15% federal income tax bracket).
  2. In addition to the amounts listed above, Gabelli Global Convertible Securities Fund made monthly distributions totaling to $1.10 ($0.0032 from net investment income and $1.0968 from capital). In addition to the amounts listed above, the following classes made distributions from capital during 2001 as follows: Gabelli Global Convertible Fund Class A $0.70, Gabelli Global Convertible Fund Class B $0.80 and Gabelli Global Convertible Fund Class C $0.10
  3. In addition to the amounts listed above, the following Funds made quarterly distributions from net investment income during 2001 as follows: Gabelli Equity Income Fund $0.18; Gabelli Westwood Balanced Fund Class AAA $0.185; Gabelli Westwood Balanced Fund Class A $0.163; Gabelli Westwood Realty Fund Class AAA $0.293; Gabelli Westwood Realty Fund Class A $0.196.
  4. In addition to the amounts listed above, the Gabelli Utilities Fund made monthly distributions during 2001 totaling $0.77 per share ($0.097625 from net investment income and $0.672375 from capital).
  5. The Gabelli Westwood Intermediate Bond Fund declares dividends daily and pays monthly. Gabelli Westwood Intermediate Bond Fund made monthly distributions from net investment income totaling $0.49609.
  6. The record date is the prior business day.