The Comstock Funds listed below announced year-end distributions. The distributions are entirely from net investment income and are payable December 27, 2000 to shareholders of record on December 26, 2000. The ex-dividend, payment and reinvestment date is December 27, 2000.

The Comstock Funds are managed by Gabelli Funds, LLC and distributed by Gabelli & Company, Inc., subsidiaries of Gabelli Asset Management Inc., which is a publicly traded NYSE listed company.

For further information call Bruce Alpert at 914-921-5105 or 1-800-GABELLI (1-800-422-3554).