GABELLI GLOBAL MULTIMEDIA TRUST
ANNOUNCES $3.12 PER SHARE DISTRIBUTION

FOR IMMEDIATE RELEASE
Rye, NY
December 6, 1999
NYSE - GGT
CUSIP 36239Q109
For information:
Peter Latartara
(914) 921-5071

The Board of Directors of The Gabelli Global Multimedia Trust Inc. (NYSE - GGT) has authorized the declaration of a $3.12 per share distribution payable on December 27, 1999 to Common Shareholders of record on December 17, 1999.

The final determination of the percentage of long-term capital gains for this distribution will be made after year-end. All shareholders will receive written notification regarding the components and tax treatment of all 1999 distributions in early 2000 via Form 1099-DIV.

The Gabelli Global Multimedia Trust Inc. is a closed-end, non-diversified management investment company with $250 million in total assets whose primary investment objective is long-term growth of capital.