DIVIDEND NOTICE
The Westwood FUNDS
FOR IMMEDIATE RELEASE
Rye, New York
September 20, 2005

The Westwood Funds announced quarterly distributions. The payment, ex-dividend and reinvestment date is September 20, 2005 to shareholders of record on September 19, 2005.

Fund # Fund Name Distribution
(per share)
  The Westwood Balanced Fund  
708
Class AAA (WEBAX)
 $0.035
709
Class A (WEBCX)
 $0.026
1112
Class B (WBCBX)
 $0.010
1113
Class C (WBCCX)
 $0.010
  The Westwood Income Fund  
465
Class AAA (WESRX)
 $0.038
1120
Class A
 $0.028
1121
Class B
 $0.006
1122
Class C
$0.006

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).