Ms. Stuebe worked for Gabelli from 1990 to 1993 as a research analyst and assistant portfolio manager.

"We are delighted to have Nancy back to our firm. She is an excellent analyst and has the managerial skills to help me grow this fund," said Mario J. Gabelli, the firm's chairman and CEO, who has served as the sole manager of the Small Cap Growth Fund since its inception in 1991.

The Small Cap Growth Fund invests at least 80 percent of its net assets in the equity securities of companies with a total market cap of less than $1 billion. The Fund's primary objective is capital appreciation.

Ms. Stuebe was most recently a managing director with William D. Witter, Inc. with shared oversight of small cap growth funds. Prior to that she had management, investment banking and research positions with Weiss, Peck and Greer Investments, Advent Capital Management, Oppenheimer Capital LP, and James D. Wolfensohn Incorporated.

She has a BA degree in English and Economics from Wellesley College and an MBA from the Columbia University Graduate School of Business. A resident of Greenwich, CT, Ms. Stuebe is a member of the Student/Sponsor Mentoring Partnership, and has traveled extensively in the Pacific Rim and Europe.

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