DIVIDEND NOTICE
THE COMSTOCK FUNDS, INC. - COMSTOCK STRATEGY FUND

FOR IMMEDIATE RELEASE
Rye, New York
March 29, 2004


    The Comstock Funds announced the distribution from net investment income for the Comstock Strategy Fund. The dividend is payable on March 29, 2004 to shareholders of record on March 26, 2004. The ex-dividend, payment and reinvestment date is March 29, 2004. Future distributions in 2004 will be made quarterly in June, September and December rather than monthly.

    Distribution (per share)
    Class O (Fund# 1791) 0.0074
    Class A (Fund# 1789) None
    Class C (Fund# 1790) None

    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 N. Alpert at 914-921-5105 or 1-800-GABELLI (1-800-422-3554).