<SEC-DOCUMENT>0000950123-10-081826.txt : 20110310
<SEC-HEADER>0000950123-10-081826.hdr.sgml : 20110310
<ACCEPTANCE-DATETIME>20100827163618
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950123-10-081826
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20100827

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI DIVIDEND & INCOME TRUST
		CENTRAL INDEX KEY:			0001260729
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI UTILITIES FUND
		CENTRAL INDEX KEY:			0001087966
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI BLUE CHIP VALUE FUND
		CENTRAL INDEX KEY:			0001086884
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI MONEY MARKET FUNDS
		CENTRAL INDEX KEY:			0000888129
		IRS NUMBER:				133678826
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		9149215100

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI EQUITY TRUST INC
		CENTRAL INDEX KEY:			0000794685
		IRS NUMBER:				222736509
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORP CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		9149215070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI INVESTOR FUNDS INC
		CENTRAL INDEX KEY:			0000893783
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1434
		BUSINESS PHONE:		9149215100

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI ASSET FUND
		CENTRAL INDEX KEY:			0000783898
		IRS NUMBER:				133331485
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		8004223554

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		STREET 2:		100 PARK AVENUE
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GAMCO MATHERS FUND
		CENTRAL INDEX KEY:			0000063210
		IRS NUMBER:				362554362
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1434
		BUSINESS PHONE:		8004223554

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1434

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GABELLI MATHERS FUND
		DATE OF NAME CHANGE:	20010301

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MATHERS FUND INC
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GAMCO WESTWOOD FUNDS
		CENTRAL INDEX KEY:			0000796229
		IRS NUMBER:				133625130
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		8004223554

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WESTWOOD FUNDS
		DATE OF NAME CHANGE:	20060621

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GABELLI WESTWOOD FUNDS
		DATE OF NAME CHANGE:	19980304

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WESTWOOD FUNDS
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GAMCO GROWTH FUND
		CENTRAL INDEX KEY:			0000806857
		IRS NUMBER:				133391404
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1434
		BUSINESS PHONE:		2124903670

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1434

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GABELLI GROWTH FUND
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMSTOCK FUNDS INC
		CENTRAL INDEX KEY:			0000830779
		IRS NUMBER:				133454481
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1434
		BUSINESS PHONE:		8004223554

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1434

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMSTOCK PARTNERS FUNDS INC
		DATE OF NAME CHANGE:	19960214

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMSTOCK PARTNERS STRATEGY FUND INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMSTOCK INCOME STRATEGY INC
		DATE OF NAME CHANGE:	19880420

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI CONVERTIBLE & INCOME SECURITIES FUND INC
		CENTRAL INDEX KEY:			0000845611
		IRS NUMBER:				133523423
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		2123098408

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE YORK
		STATE:			NY
		ZIP:			10580

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GABELLI CONVERTIBLE SECURITIES FUND INC /DE
		DATE OF NAME CHANGE:	19970507

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GABELLI SERIES FUNDS INC
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI VALUE FUND INC
		CENTRAL INDEX KEY:			0000853438
		IRS NUMBER:				061283268
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		9149215070

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI EQUITY SERIES FUNDS INC
		CENTRAL INDEX KEY:			0000877670
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		2123098448

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI CAPITAL SERIES FUNDS INC
		CENTRAL INDEX KEY:			0000901246
		IRS NUMBER:				133761834
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		8004223554

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WCC CAPITAL GROWTH FUND INC
		DATE OF NAME CHANGE:	19930714

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GAMCO GLOBAL SERIES FUNDS, INC
		CENTRAL INDEX KEY:			0000909504
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		8004223554

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GABELLI GLOBAL SERIES FUNDS INC
		DATE OF NAME CHANGE:	19930805

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI GLOBAL MULTIMEDIA TRUST INC
		CENTRAL INDEX KEY:			0000921671
		IRS NUMBER:				133767317
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		9149215070

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1434

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GAMCO GOLD FUND, INC
		CENTRAL INDEX KEY:			0000923459
		IRS NUMBER:				133770370
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		8004223554

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1434

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GABELLI GOLD FUND INC
		DATE OF NAME CHANGE:	19940519

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GAMCO INTERNATIONAL GROWTH FUND, INC
		CENTRAL INDEX KEY:			0000925463
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPOATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1434
		BUSINESS PHONE:		8004223554

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1434

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GABELLI INTERNATIONAL GROWTH FUND INC
		DATE OF NAME CHANGE:	19940616

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI UTILITY TRUST
		CENTRAL INDEX KEY:			0001080720
		IRS NUMBER:				134046522
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1 CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		9149215083

	MAIL ADDRESS:	
		STREET 1:		1 CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GABELLI UTILITY FUND
		DATE OF NAME CHANGE:	19990225

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI GLOBAL UTILITY & INCOME TRUST
		CENTRAL INDEX KEY:			0001282957
		IRS NUMBER:				320116828
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		8149219105

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Gabelli Global Gold, Natural Resources & Income Trust
		CENTRAL INDEX KEY:			0001313510
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1422
		BUSINESS PHONE:		800.422.3554

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1422

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Gabelli Gold, Natural Resources & Income Trust
		DATE OF NAME CHANGE:	20050105

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Gabelli Global Deal Fund
		CENTRAL INDEX KEY:			0001378701
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		914-921-5100

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Gabelli Global Deal Fund
		DATE OF NAME CHANGE:	20061019

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Gabelli Healthcare & WellnessRx Trust
		CENTRAL INDEX KEY:			0001391437
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1422
		BUSINESS PHONE:		914-921-5100

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1422

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Gabelli Global Healthcare & WellnessRx Trust
		DATE OF NAME CHANGE:	20070227

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Gabelli SRI Green Fund, Inc.
		CENTRAL INDEX KEY:			0001391839
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		1 800 422 3554

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Gabelli SRI Fund, Inc.
		DATE OF NAME CHANGE:	20070302

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Gabelli 787 Fund, Inc.
		CENTRAL INDEX KEY:			0001394166
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1290 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10104
		BUSINESS PHONE:		800-432-4320

	MAIL ADDRESS:	
		STREET 1:		1290 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	787 Fund, Inc.
		DATE OF NAME CHANGE:	20070322
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>corresp</TITLE>
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<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">August&nbsp;27, 2010
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ms.&nbsp;Laura E. Hatch<BR>
United States Securities and Exchange Commission<BR>
Division of Investment Management<BR>
100 F Street, N.E.<BR>
Washington, DC 20549

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">Re:&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Gabelli Funds (the &#147;Funds&#148;)<br>
September and December&nbsp;2009 and March&nbsp;2010 Annual Reports</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Dear. Ms.&nbsp;Hatch:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This letter responds to your comments communicated by telephone on July&nbsp;29, 2010 with respect
to various Annual Reports of the Gabelli Funds that were filed on forms N-CSR with the Securities
and Exchange Commission (the &#147;SEC&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, in connection with this filing, the Funds hereby state the following:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Funds acknowledge that in connection with the comments made by
    the Staff of the SEC, the Staff has not passed on the accuracy or adequacy of the
disclosure made herein, and the Funds and their management are solely responsible
for the content of such disclosure;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Funds acknowledge that the Staff&#146;s comments, and changes in disclosure in
response to the Staff&#146;s comments, do not foreclose the SEC or other regulatory body
from the opportunity to seek enforcement or take other action with respect to the
disclosure made herein; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Funds represent that neither they nor their management will assert the
Staff&#146;s comments or changes in disclosure in response to the Staff&#146;s comments as a
defense in any action or proceeding by the SEC or any person.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Funds&#146; responses to your comments are reflected below. The substance of your
comments has been restated for your ease of reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Comment #1</B>: You requested that The Gabelli Utilities Fund and The Gabelli Equity Income Fund
include the following disclosure in the next annual update to their prospectuses, or in a
supplement, if the Adviser prefers, that already appears in the closed-end Funds prospectuses:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Any return of capital that is a component of a distribution is not sourced from
realized gains of the Fund and that portion should not be considered by investors as
yield or total return on their investment in the Fund.&#148;</TD>
</TR>



</TABLE>
</DIV>
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</DIV>

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<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Response #1:</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Fund will include such language in the next printing of its prospectus.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Comment #2: </B>With respect to the Gabelli open-end and closed-end Funds that have a reduction in
advisory fees on unsupervised assets in the Statement of Operations, you asked whether such assets
were purchased by the relevant Fund because it is part of the Fund&#146;s investment strategy or solely
for proxy voting rights.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Response #2:</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Generally, each Fund&#146;s investment advisor votes all proxies with respect to Fund portfolio holdings
in accordance with its proxy voting procedures. On occasion, one or more of the Funds&#146; Proxy
Voting Committees, each of which consists solely of independent directors of the relevant Fund,
takes on sole authority to vote shares of a specific issuer and, more rarely, the sole right to
sell shares. When dispositive power is taken on by a Proxy Voting Committee, the Fund&#146;s investment advisor
waives the portion of its advisory fee related to the value of the securities subject to the
exercise of such authority. No waiver applies when only voting authority is taken on. All assets
held by any Fund are acquired by its investment advisor in accordance with the investment objective
and policies of the Fund for investment purposes and not solely for the purpose of exercising proxy
voting rights.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Comment #3: </B>With respect to The Gabelli Global Deal Fund, you asked whether: (a)&nbsp;the Fund meets
the requirements of Rule&nbsp;35d-1 under the Investment Company Act of 1940 (the &#147;1940 Act&#148;), which
requires a Fund to adopt a policy to invest, under normal circumstances, at least 80% of the value
of its assets in the particular type of investments suggested by the Fund&#146;s name, because it has
&#147;deal&#148; in its name and considering that approximately 58% of the Fund&#146;s net assets are currently
invested in government securities and (b)&nbsp;whether the Fund should have at least 40% of its total
net assets in non-U.S. securities and invest in securities of issuers in at least three countries,
because the Fund also has &#147;global&#148; in its name, considering that approximately 89% of the Fund&#146;s
net assets are currently invested in North America.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&nbsp;</B></TD>
    <TD width="1%"><B>&nbsp;</B></TD>
    <TD><B>Response #3: </B>With respect to Comment 3(a), Rule&nbsp;35d-1 requires that the 80% policy
apply &#147;under normal circumstances.&#148; The prospectus of The Gabelli Global Deal Fund
states:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;The Fund&#146;s investment objective is to achieve absolute
returns in various market conditions without excessive risk of
capital. Absolute returns are defined as positive total returns,
regardless of the direction of securities markets. The Fund will seek
to achieve its objective by investing primarily in merger arbitrage
transactions and, to a lesser extent, in corporate reorganizations
involving stubs, spin-offs and liquidations. <U>Under normal
circumstances,</U> the Fund will invest at least 80% of its assets in
securities or hedging arrangements relating to companies</TD>
</TR>

</TABLE>
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>involved in corporate transactions or reorganizations, giving rise to the
possibility of realizing gains upon or within relatively short periods of
time after the completion of such transactions or reorganizations.&#148;</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
With respect to both Comments 3(a) and 3(b), the Trustees of the Fund have reviewed the issue and are considering whether it is appropriate
for the Fund to remain in a defensive mode in light of the significant reduction in global merger
and acquisition activity in the past two years, whether the Fund should change its name, or whether
the Advisor expects that the Fund&#146;s defensive posture will terminate in the near future and it will
expect to be able to make additional investments in accordance with its name. The Trustees expect
to have further clarification by their November&nbsp;2010 Board meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Comment#4: </B>With respect to The Gabelli Global Deal Fund&#146;s Statement of Assets and Liabilities, why
is the liability for advisory fees so large?
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Response #4:</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Advisory Fees Payable in the amount of $6,053,494 consist of the December&nbsp;2009 Advisory Fees
Payable of $183,303 and the Performance Fees Payable of $5,870,191. The Performance Fees are for
the period of January&nbsp;1, 2009 through December&nbsp;31, 2009 and are calculated in accordance with the
fulcrum fee formula.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Comment #5: </B>With respect to The Gabelli Global Deal Fund&#146;s Statement of Operations, why are
&#147;interest expense&#148; and &#147;amortization of offering costs&#148; combined into one line item?
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Response #5:</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Since the Series&nbsp;A 8.50% Cumulative Preferred Shares are currently callable, with a mandatory
redemption date of 2/16/16, the total distributions to preferred shareholders are recorded as
interest expense in accordance with generally accepted accounting principles. Interest expense and
amortization of offering costs were combined as one line item for reporting purposes because the
amortization expense was not considered material for separate disclosure. The breakdown consists
of:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Total Distributions to Preferred Shareholders in the amount of $7,231,579 represent the
Interest expense.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The amortization of offering costs associated with the offering of this preferred stock in
the amount of $90,713.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In future reports, the amortization expense will be separated.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Comment #6: </B>With respect to the line item &#147;deferred offering expense&#148; in the Statement of Assets
and Expenses for the Gabelli closed-end Funds, you asked why this item was classified as an asset
and whether there was a future offering planned.
</DIV>



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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Response #6:</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The deferred offering expense represents costs incurred in filing Shelf Registrations. In
accordance with the AICPA Audit and Accounting Guide for Investment Companies, the costs incurred
in a Shelf Registration Offering should be capitalized as a prepaid expense. When securities are
taken off the shelf and sold, a portion of the costs attributable to the securities sold should be
charged against paid-in capital. Any subsequent costs incurred to keep the filing &#147;alive&#148; should
be charged to expense as incurred. If the filing is withdrawn, the related capitalized costs
should be charged to expense.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Since Gabelli closed-end Funds&#146; Shelf Registration Offerings are effective through March and June
of 2011 and June&nbsp;2013, there are possibilities of future offerings.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<TR>
    <TD colspan="3" align="left">Very truly yours,<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" align="left">&nbsp;</TD>
</TR><TR>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Bruce N. Alpert
&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
</TR><TR>
    <TD colspan="3" align="left">Bruce N. Alpert&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
</TR><TR>
    <TD colspan="3" align="left">Executive Vice President, Gabelli Funds, LLC</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">cc: &nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Peter D. Goldstein<br>
Gabelli Funds, LLC</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Marianna DiBenedetto<br>
BNY Mellon Asset Servicing</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Rose DiMartino<br>
Willkie Farr &#038; Gallagher LLP</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Richard Prins<br>
Skadden, Arps, Slate, Meagher &#038; Flom LLP</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Helen Robichaud<br>
BNY Mellon Asset Servicing</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Michael Rosella<br>
Paul, Hastings, Janofsky &#038; Walker LLP</TD>
</TR>

</TABLE>
</DIV>


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