Gabelli Funds Announces James Scanlon Head of Mutual Fund Marketing

Rye, NY
May 1,2006
Contact :
Douglas R. Jamieson
Ph: (914) 921-5020

GAMCO Investors, Inc. (NYSE: GBL) announced today that James C. Scanlon has joined Gabelli Funds, LLC as Senior Vice President and Director of Mutual Fund Marketing and Distribution for the firm's $14 billion mutual fund enterprise. Gabelli Funds is a subsidiary of GAMCO Investors, Inc. (NYSE:GBL), which manages $27.6 billion in assets of mutual funds and closed end funds, partnerships and private advisory accounts.

Mr. Scanlon has extensive sales and marketing experience. For the past five years, he worked in Retirement Group Sales office for Merrill Lynch, managing the Northeast/New England Territory.

Mr. Scanlon will be responsible for growing GAMCO's mutual fund assets through expanded distribution among national and regional brokerage firms and independent registered investment advisors.

"We are delighted to have Jim focus on our expanding distribution effort. His experience in sales management, wholesaling and key account management will add significant value in our effort to gather more assets through financial intermediaries," said Mario J. Gabelli, Chairman and Chief Executive Officer of GAMCO Investors, Inc.

Mr. Scanlon said, "I am excited to join a firm with such a well respected name in the business. GAMCO has done an excellent job over the years earning returns for investors. The consistent style, disciplined investment process, and recognition of the Gabelli, GAMCO and Westwood brands are attributes that resonate with financial advisors."

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


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