The Westwood Mighty Mites Fund invests primarily in micro-cap companies that have market capitalizations of $300 million or less. The Fund will primarily invest in companies identified as having above average sales and earnings potential or are undervalued. The Fund's primary objective is capital appreciation. Investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus, which contains more complete information about this and other matters, can be found by calling 800-GABELLI or by visiting www.gabelli.com/funds/. The prospectus should be read carefully before investing.

Ms. Linehan joined Gabelli in 1995 from Smith Barney's Investment Banking Division. She began as a research analyst covering the Broadcast and Publishing sectors. She was also previously Director of Research and Portfolio Manager for Mighty Mites and various small-cap portfolios. Most recently Ms. Linehan was on special assignment in the Investment Partnership Group. She received her MBA from The Wharton School of Business at the University of Pennsylvania and her BA from Lehigh University.

GAMCO Investors, Inc., through its subsidiaries, manages approximately $26.8 billion in assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Investment Partnerships).