DIVIDEND NOTICE
THE GABELLI WESTWOOD FUNDS
FOR IMMEDIATE RELEASE
Rye, New York
June 21, 2006


    The Westwood Funds announced quarterly distributions. The payment, ex-dividend and reinvestment date is June 21, 2006 to shareholders of record on June 20, 2006.

    Fund # Fund Name Distribution
    (per share)
    The Westwood Balanced Fund  
    708
    Class AAA (WEBAX)
    $0.0698
    709
    Class A (WEBCX)
    $0.0452
    1112
    Class B (WBCBX)
    $0.000
    1113
    Class C (WBCCX)
    $0.000
    The Westwood Income Fund  
    465
    Class AAA (WESRX)
    $0.1135
    1120
    Class A
    $0.0933
    1121
    Class B
    $0.0462
    1122
    Class C
    $0.0446

    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 Agnes Mullady at 914-921-8371 or 1-800-GABELLI (1-800-422-3554).