GAMCO is the New Name

Rye, NY
January 10, 2006
  Contact:    Jennifer Camac
      (914) 921-6594

Gabelli Funds, LLC is pleased to announce that, as part of a firm-wide branding initiative, the Boards of the eight mutual funds listed below that it advises have changed the names of these funds to GAMCO. The Funds have been renamed to correspond with the Adviser's parent company name, GAMCO Investors, Inc. (GBL: NYSE).

The GAMCO brand more appropriately represents the various investment strategies offered to investors by Gabelli Funds, including growth, gold, convertible securities and contrarian. Funds continuing to use the Gabelli name represent value portfolios managed in the absolute return, research-driven Private Market Value (PMV) with a Catalyst TM style. This name change has no effect on the management, the investment objective, or the investment strategy of each Fund.

  New Name - "GAMCO"   Previous Name - Gabelli
GAMCO Growth Fund Gabelli Growth Fund
GAMCO International Growth Fund Gabelli International Growth Fund
Gabelli Gold Fund Gabelli Gold Fund
GAMCO Global Telecommunications Fund Gabelli Global Telecommunications Fund
GAMCO Global Growth Fund Gabelli Global Growth Fund
GAMCO Global Opportunity Fund Gabelli Global Opportunity Fund
GAMCO Global Convertible Securities Fund Gabelli Global Convertible Securities Fund
GAMCO Mathers Fund Gabelli Mathers Fund

The Funds are distributed by Gabelli & Company, Inc., a subsidiary of GAMCO Investors, Inc., which, through its subsidiaries, manages mutual funds and closed-end funds, partnerships and offshore funds and private advisory accounts. Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. The prospectus for each Fund contains more information about this and other matters. The prospectus should be read carefully before investing. Call 1-800-GABELLI to obtain a prospectus or visit