DIVIDEND NOTICE
THE GABELLI WESTWOOD FUNDS
FOR IMMEDIATE RELEASE
Rye, New York
March 22, 2006


    The Westwood Funds announced quarterly distributions. The payment, ex-dividend and reinvestment date is March 22, 2006 to shareholders of record on March 21, 2006.

    Fund # Fund Name Distribution
    (per share)
    The Westwood Balanced Fund  
    708
    Class AAA (WEBAX)
    $0.038
    709
    Class A (WEBCX)
    $0.021
    1112
    Class B (WBCBX)
    $0.000
    1113
    Class C (WBCCX)
    $0.000
    The Westwood Income Fund  
    465
    Class AAA (WESRX)
    $0.085
    1120
    Class A
    $0.071
    1121
    Class B
    $0.040
    1122
    Class C
    $0.038

    The Westwood Funds are managed by Gabelli Advisers, Inc. and distributed by Gabelli & Company, Inc., subsidiaries of GAMCO Investors, Inc., which is a publicly traded NYSE listed company. Westwood Management Corporation, a subsidiary of Westwood Holdings Group, Inc., is the Sub-adviser for these Funds. For further information call Bruce N. Alpert at 914-921-5105 or 1-800-GABELLI (1-800-422-3554).