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<SEC-DOCUMENT>0000935069-06-003043.txt : 20061109
<SEC-HEADER>0000935069-06-003043.hdr.sgml : 20061109
<ACCEPTANCE-DATETIME>20061109143306
ACCESSION NUMBER:		0000935069-06-003043
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060930
FILED AS OF DATE:		20061109
DATE AS OF CHANGE:		20061109
EFFECTIVENESS DATE:		20061109

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:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05715
		FILM NUMBER:		061201321

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>gcv_nq906.txt
<DESCRIPTION>GABELLI CONV. & INCOME SEC. 9-30-06
<TEXT>
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM N-Q

                   QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
                    REGISTERED MANAGEMENT INVESTMENT COMPANY

                  Investment Company Act file number 811-05715
                                                     ---------
             The Gabelli Convertible and Income Securities Fund Inc.
                 ----------------------------------------------
               (Exact name of registrant as specified in charter)

                              One Corporate Center
                            Rye, New York 10580-1422
                 ----------------------------------------------
               (Address of principal executive offices) (Zip code)

                                 Bruce N. Alpert
                               Gabelli Funds, LLC
                              One Corporate Center
                            Rye, New York 10580-1422
                 ----------------------------------------------
                     (Name and address of agent for service)

       Registrant's telephone number, including area code: 1-800-422-3554
                                                           --------------

                      Date of fiscal year end: December 31
                                               -----------

                  Date of reporting period: September 30, 2006
                                            ------------------

Form N-Q is to be used by  management  investment  companies,  other  than small
business investment companies registered on Form N-5 (ss.ss. 239.24 and 274.5 of
this chapter), to file reports with the Commission, not later than 60 days after
the close of the first and third fiscal quarters,  pursuant to rule 30b1-5 under
the Investment  Company Act of 1940 (17 CFR 270.30b1-5).  The Commission may use
the  information  provided  on Form N-Q in its  regulatory,  disclosure  review,
inspection, and policymaking roles.

A registrant is required to disclose the information  specified by Form N-Q, and
the Commission will make this  information  public. A registrant is not required
to respond to the  collection  of  information  contained in Form N-Q unless the
Form displays a currently  valid Office of Management and Budget ("OMB") control
number.  Please  direct  comments  concerning  the  accuracy of the  information
collection  burden  estimate and any  suggestions for reducing the burden to the
Secretary,  Securities and Exchange Commission, 100 F Street, NE, Washington, DC
20549.  The OMB has reviewed this collection of information  under the clearance
requirements of 44 U.S.C. ss. 3507.
<PAGE>

ITEM 1. SCHEDULE OF INVESTMENTS.
The Schedule(s) of Investments is attached herewith.


       THE GABELLI CONVERTIBLE AND INCOME SECURITIES FUND INC.
                       SCHEDULE OF INVESTMENTS
                   SEPTEMBER 30, 2006 (UNAUDITED)

    PRINCIPAL                                       MARKET
     AMOUNT                                         VALUE*
     ------                                         ------
               CONVERTIBLE CORPORATE BONDS -- 29.2%
               AEROSPACE -- 2.7%
  $  830,000   GenCorp Inc.,
                Sub. Deb. Cv.,
                5.750%, 04/15/07 ................$    850,750
   3,356,000   Kaman Corp.,
                Sub. Deb. Cv.,
                6.000%, 03/15/12 ................   3,272,100
                                                 ------------
                                                    4,122,850
                                                 ------------
               AUTOMOTIVE: PARTS AND ACCESSORIES -- 6.3%
   6,900,000   Standard Motor Products Inc.,
                Sub. Deb. Cv.,
                6.750%, 07/15/09 ................   6,555,000
   3,000,000   The Pep Boys -
                Manny, Moe & Jack, Cv.,
                4.250%, 06/01/07 ................   2,996,250
                                                 ------------
                                                    9,551,250
                                                 ------------
               BROADCASTING -- 3.9%
   5,000,000   Sinclair Broadcast Group Inc.,
                Sub. Deb. Cv.,
                6.000%, 09/15/12 ................   4,468,750
   1,500,000   Sinclair Broadcast Group Inc.,
                Sub. Deb. Cv. (STEP),
                4.875%, 07/15/18 ................   1,340,625
                                                 ------------
                                                    5,809,375
                                                 ------------
               BUSINESS SERVICES -- 1.6%
     900,000   BBN Corp., Sub. Deb. Cv.,
                6.000%, 04/01/12+ (a)(d) ........           0
   2,600,000   Trans-Lux Corp.,
                Sub. Deb. Cv.,
                8.250%, 03/01/12 ................   2,353,000
                                                 ------------
                                                    2,353,000
                                                 ------------
               CABLE -- 0.0%
     400,000   Adelphia Communications Corp.,
                Sub. Deb. Cv.,
                3.250%, 05/01/21+ (d) ...........       2,400
                                                 ------------
               COMMUNICATIONS EQUIPMENT -- 8.1%
   3,000,000   Agere Systems Inc.,
                Sub. Deb. Cv.,
                6.500%, 12/15/09 ................   3,022,500
   2,000,000   Lucent Technologies Inc.,
                Sub. Deb. Cv.,
                8.000%, 08/01/31 ................   2,017,500
   5,500,000   Nortel Networks Corp., Cv.,
                4.250%, 09/01/08 ................   5,280,000
   1,900,000   TriQuint Semiconductor Inc.,
                Sub. Deb. Cv.,
                4.000%, 03/01/07 ................   1,892,875
                                                 ------------
                                                   12,212,875
                                                 ------------
               CONSUMER PRODUCTS -- 0.1%
     100,000   Church & Dwight Co. Inc.,
                Deb. Cv.,
                5.250%, 08/15/33 (b) ............     134,875
                                                 ------------

    PRINCIPAL                                       MARKET
     AMOUNT                                         VALUE*
     ------                                         ------
               DIVERSIFIED INDUSTRIAL -- 0.6%
 $ 1,400,000   Roper Industries Inc.,
                Cv. (STEP),
                1.481%, 01/15/34 ................$    831,250
                                                 ------------
               ELECTRONICS -- 0.0%
      10,000   Artesyn Technologies Inc.,
                Sub. Deb. Cv.,
                5.500%, 08/15/10 (b) ............      13,691
                                                 ------------
               ENERGY AND UTILITIES -- 0.9%
     500,000   Devon Energy Corp.,
                Deb. Cv.,
                4.950%, 08/15/08 ................     630,625
     257,000   Moran Energy Inc.,
                Sub. Deb. Cv.,
                8.750%, 01/15/08 ................     253,145
     400,000   Unisource Energy Corp., Cv.,
                4.500%, 03/01/35 (b) ............     415,000
                                                 ------------
                                                    1,298,770
                                                 ------------
               FINANCIAL SERVICES -- 0.3%
     500,000   Conseco Inc., Cv. (STEP),
                3.500%, 09/30/35 (b) ............     516,875
                                                 ------------
               HEALTH CARE -- 0.0%
     150,000   Sabratek Corp.,
                Sub. Deb. Cv.,
                6.000%, 04/16/07+ (a)(d) ........           0
                                                 ------------
               HOTELS AND GAMING -- 0.0%
      10,000   Wynn Resorts Ltd.,
                Sub. Deb. Cv.,
                6.000%, 07/15/15 (b) ............      29,888
                                                 ------------
               MANUFACTURED HOUSING AND RECREATIONAL VEHICLES -- 0.1%
     100,000   Fleetwood Enterprises Inc.,
                Sub. Deb. Cv.,
                5.000%, 12/15/23 (b) ............      95,500
                                                 ------------
               METALS AND MINING -- 1.3%
   1,000,000   Inco Ltd., Cv.,
                Zero Coupon, 03/29/21 ...........   2,030,000
                                                 ------------
               REAL ESTATE -- 1.4%
               Palm Harbor Homes Inc., Cv.,
   1,550,000     3.250%, 05/15/24 (b) ...........   1,305,875
     950,000     3.250%, 05/15/24 ...............     800,375
                                                 ------------
                                                    2,106,250
                                                 ------------
               RETAIL -- 0.1%
      60,000   Costco Wholesale Corp.,
                Sub. Deb. Cv.,
                Zero Coupon, 08/19/17 ...........      68,025
      10,000   Pier 1 Imports Inc.,
                Cv. (STEP),
                6.375%, 02/15/36 ................       9,612
                                                 ------------
                                                       77,637
                                                 ------------
               TELECOMMUNICATIONS -- 0.0%
      80,000   AMNEX Inc., Sub. Deb. Cv.,
                8.500%,
                09/25/49+ (a)(b)(c)(d) ..........           0

                                       2
<PAGE>
       THE GABELLI CONVERTIBLE AND INCOME SECURITIES FUND INC.
                 SCHEDULE OF INVESTMENTS (CONTINUED)
                   SEPTEMBER 30, 2006 (UNAUDITED)

    PRINCIPAL                                       MARKET
     AMOUNT                                         VALUE*
     ------                                         ------
               CONVERTIBLE CORPORATE BONDS (Continued)
               Telecommunications (Continued)
  $   50,000   Commonwealth Telephone
                Enterprises Inc., Cv.,
                3.250%, 07/15/23 ................$     53,750
                                                 ------------
                                                       53,750
                                                 ------------
               TRANSPORTATION -- 0.8%
   1,000,000   GATX Corp., Cv.,
                7.500%, 02/01/07 ................   1,225,000
                                                 ------------
               WIRELESS COMMUNICATIONS -- 1.0%
   1,500,000   Nextel Communications
                Inc., Cv.,
                5.250%, 01/15/10 ................   1,483,125
                                                 ------------
               TOTAL CONVERTIBLE
                CORPORATE BONDS .................  43,948,361
                                                 ------------
     SHARES
     ------
               CONVERTIBLE PREFERRED STOCKS -- 4.4%
               AEROSPACE -- 0.7%
       8,000   Northrop Grumman Corp.,
                7.000% Cv. Pfd., Ser. B .........   1,064,000
                                                 ------------
               AUTOMOTIVE -- 0.0%
         500   Ford Motor Co. Capital Trust II,
                6.500% Cv. Pfd. .................      16,795
                                                 ------------
               BROADCASTING -- 0.7%
         100   Gray Television Inc.,
                8.000% Cv. Pfd.,
                Ser. C (a)(b)(c) ................   1,000,000
                                                 ------------
               BUSINESS SERVICES -- 0.4%
      14,561   Interep National Radio Sales Inc.,
                4.000% Cv. Pfd.,
                Ser. A+ (a)(b)(c) ...............     509,637
      20,000   Key3Media Group Inc.,
                5.500% Cv. Pfd.,
                Ser. B+ (a)(d) ..................         117
                                                 ------------
                                                      509,754
                                                 ------------
               COMMUNICATIONS EQUIPMENT -- 0.6%
         800   Lucent Technologies
                Capital Trust I,
                7.750% Cv. Pfd. .................     818,000
                                                 ------------
               ENERGY AND UTILITIES -- 0.6%
       6,000   AES Trust III,
                6.750% Cv. Pfd. .................     293,400
         500   El Paso Corp.,
                4.990% Cv. Pfd. (b) .............     608,042
         300   El Paso Corp. Capital Trust I,
                4.750% Cv. Pfd., Ser. C .........      11,169
                                                 ------------
                                                      912,611
                                                 ------------

                                                    MARKET
     SHARES                                         VALUE*
     ------                                         ------
               ENTERTAINMENT -- 0.6%
       2,000   Metromedia International
                Group Inc.,
                7.250% Cv. Pfd.+ ................$     84,000
      35,000   Six Flags Inc.,
                7.250% Cv. Pfd., Ser. B .........     745,500
                                                 ------------
                                                      829,500
                                                 ------------
               FINANCIAL SERVICES -- 0.0%
         100   Alleghany Corp.,
                5.750% Cv. Pfd. .................      28,563
                                                 ------------
               REAL ESTATE -- 0.1%
       8,000   Glenborough Realty Trust Inc.,
                7.750% Cv. Pfd., Ser. A .........     202,080
                                                 ------------
               TELECOMMUNICATIONS -- 0.4%
      15,000   Cincinnati Bell Inc.,
                6.750% Cv. Pfd., Ser. B .........     660,000
                                                 ------------
               TRANSPORTATION -- 0.3%
       2,500   GATX Corp.,$2.50 Cv. Pfd. ........     491,562
                                                 ------------
               TOTAL CONVERTIBLE
                PREFERRED STOCKS ................   6,532,865
                                                 ------------

               COMMON STOCKS -- 34.5%
               AUTOMOTIVE: PARTS AND ACCESSORIES -- 1.3%
      45,000   Genuine Parts Co. ................   1,940,850
                                                 ------------
               AVIATION: PARTS AND SERVICES -- 0.2%
       3,800   Sequa Corp., Cl. A+ ..............     356,668
                                                 ------------
               BROADCASTING -- 0.1%
      10,000   Emmis Communications Corp.,
                Cl. A+ ..........................     122,500
                                                 ------------
               BUSINESS SERVICES -- 0.2%
      10,000   Aramark Corp., Cl. B .............     328,600
                                                 ------------
               CABLE AND SATELLITE -- 0.6%
      10,000   EchoStar Communications
                Corp., Cl. A+ ...................     327,400
      10,000   Rogers Communications Inc.,
                Cl. B ...........................     548,700
                                                 ------------
                                                      876,100
                                                 ------------
               COMMUNICATIONS EQUIPMENT -- 0.6%
      40,000   Corning Inc.+ ....................     976,400
                                                 ------------
               COMPUTER HARDWARE -- 0.8%
      14,000   International Business
                Machines Corp. ..................   1,147,160
                                                 ------------
               COMPUTER SOFTWARE AND SERVICES -- 2.4%
      50,000   Click Commerce Inc.+ .............   1,131,000
       2,000   Microsoft Corp. ..................      54,660
      50,000   MRO Software Inc.+ ...............   1,283,500
      15,000   ProQuest Co.+ ....................     195,300
      25,000   The Reynolds & Reynolds Co.,
                Cl. A ...........................     987,750
                                                 ------------
                                                    3,652,210
                                                 ------------

                                       3
<PAGE>
       THE GABELLI CONVERTIBLE AND INCOME SECURITIES FUND INC.
                 SCHEDULE OF INVESTMENTS (CONTINUED)
                   SEPTEMBER 30, 2006 (UNAUDITED)

                                                    MARKET
     SHARES                                         VALUE*
     ------                                         ------
               COMMON STOCKS (Continued)
               CONSUMER PRODUCTS -- 0.4%
      14,000   Avon Products Inc. ...............$    429,240
       4,000   Hanesbrands Inc.+ ................      90,040
      10,000   Swedish Match AB .................     162,729
                                                 ------------
                                                      682,009
                                                 ------------
               CONSUMER SERVICES -- 0.4%
      20,000   IAC/InterActiveCorp+ .............     575,200
                                                 ------------
               DIVERSIFIED INDUSTRIAL -- 1.2%
      40,000   General Electric Co. .............   1,412,000
      37,000   WHX Corp.+ .......................     333,000
                                                 ------------
                                                    1,745,000
                                                 ------------
               ELECTRONICS -- 1.8%
      15,000   Intel Corp. ......................     308,550
      50,000   Metrologic Instruments Inc.+ .....     908,000
     100,000   Symbol Technologies Inc. .........   1,486,000
                                                 ------------
                                                    2,702,550
                                                 ------------
               ENERGY AND UTILITIES -- 10.9%
       8,000   Anadarko Petroleum Corp. .........     350,640
      10,000   BP plc, ADR ......................     655,800
       4,000   Cameron International Corp.+ .....     193,240
       3,000   CH Energy Group Inc. .............     154,410
      20,000   Chevron Corp. ....................   1,297,200
       8,000   ConocoPhillips ...................     476,240
       2,000   Devon Energy Corp. ...............     126,300
      20,000   Duke Energy Corp. ................     604,000
      25,000   Exxon Mobil Corp. ................   1,677,500
      27,000   FPL Group Inc. ...................   1,215,000
       1,000   Giant Industries Inc.+ ...........      81,200
      25,000   Great Plains Energy Inc. .........     775,500
      17,000   Halliburton Co. ..................     483,650
      28,000   Kinder Morgan Inc. ...............   2,935,800
      50,000   Mirant Corp.+ ....................   1,365,500
       2,000   National Fuel Gas Co. ............      72,700
      35,000   Northeast Utilities ..............     814,450
      10,000   NS Group Inc.+ ...................     645,500
       5,000   Peoples Energy Corp. .............     203,250
      10,000   Progress Energy Inc., CVO+ .......       3,300
      20,000   Royal Dutch Shell plc,
                Cl. A, ADR ......................   1,322,000
      17,000   SJW Corp. ........................     508,470
      18,000   Xcel Energy Inc. .................     371,700
                                                 ------------
                                                   16,333,350
                                                 ------------
               EQUIPMENT AND SUPPLIES -- 0.3%
      15,000   Mueller Industries Inc. ..........     527,550
                                                 ------------

                                                    MARKET
     SHARES                                         VALUE*
     ------                                         ------
               FINANCIAL SERVICES -- 4.0%
      10,000   AllianceBernstein Holding LP .....$    689,900
      35,000   American Express Co. .............   1,962,800
       2,000   American International
                Group Inc. ......................     132,520
       8,000   Ameriprise Financial Inc. ........     375,200
      57,000   Citigroup Inc. ...................   2,831,190
                                                 ------------
                                                    5,991,610
                                                 ------------
               FOOD AND BEVERAGE -- 2.8%
       4,000   Anheuser-Busch Companies Inc. ....     190,040
      10,000   Cadbury Schweppes plc, ADR .......     427,700
      23,000   General Mills Inc. ...............   1,301,800
     213,860   Parmalat SpA, GDR+ (b) ...........     766,667
         632   Pernod-Ricard SA .................     131,511
      30,000   The Coca-Cola Co. ................   1,340,400
                                                 ------------
                                                    4,158,118
                                                 ------------
               HEALTH CARE -- 3.1%
      22,000   Eli Lilly & Co. ..................   1,254,000
      20,000   Merck & Co. Inc. .................     838,000
      75,000   Pfizer Inc. ......................   2,127,000
      15,000   Schering-Plough Corp. ............     331,350
       3,000   UnitedHealth Group Inc. ..........     147,600
                                                 ------------
                                                    4,697,950
                                                 ------------
               HOTELS AND GAMING -- 1.3%
     273,037   Ladbrokes plc ....................   1,988,642
                                                 ------------
               METALS AND MINING -- 0.0%
       1,000   Peabody Energy Corp. .............      36,780
                                                 ------------
               RETAIL -- 0.5%
       5,000   Costco Wholesale Corp. ...........     248,400
      10,000   The Home Depot Inc. ..............     362,700
       2,000   Wal-Mart Stores Inc. .............      98,640
                                                 ------------
                                                      709,740
                                                 ------------
               SPECIALTY CHEMICALS -- 0.3%
       6,000   Ashland Inc. .....................     382,680
                                                 ------------
               TELECOMMUNICATIONS -- 1.3%
      16,000   Philippine Long Distance
                Telephone Co., ADR ..............     696,960
      35,715   Verizon Communications Inc. ......   1,326,098
                                                 ------------
                                                    2,023,058
                                                 ------------
               WIRELESS COMMUNICATIONS -- 0.0%
          49   Winstar Communications Inc.+ (a) .           0
                                                 ------------
               TOTAL COMMON STOCKS ..............  51,954,725
                                                 ------------

               PREFERRED STOCKS -- 0.0%
               Telecommunications -- 0.0%
       3,679   PTV Inc., 10.000% Pfd., Ser. A ...      14,256
                                                 ------------

                                       4
<PAGE>
       THE GABELLI CONVERTIBLE AND INCOME SECURITIES FUND INC.
                 SCHEDULE OF INVESTMENTS (CONTINUED)
                   SEPTEMBER 30, 2006 (UNAUDITED)

    PRINCIPAL                                       MARKET
     AMOUNT                                         VALUE*
     ------                                         ------

               CORPORATE BONDS -- 0.9%
               Diversified Industrial -- 0.9%
 $ 2,000,000   GP Strategies Corp., Sub. Deb.,
                6.000%, 08/14/08 (a)(c) .........$  1,337,839
                                                 ------------
     SHARES
     ------

               WARRANTS -- 0.4%
               BUSINESS SERVICES -- 0.0%
      87,500   Interep National Radio Sales Inc.,
                expire 05/06/07+ (a)(b)(c) ......           0
                                                 ------------
               CONSUMER PRODUCTS -- 0.0%
       4,331   Pillowtex Corp.,
                expire 11/24/09+ (a) ............           0
                                                 ------------
               DIVERSIFIED INDUSTRIAL -- 0.4%
     262,431   GP Strategies Corp.,
                expire 08/14/08+ (a)(c) .........     575,157
     379,703   National Patent Development
                Corp., expire
                08/14/08+ (a)(c) ................      50,156
      11,220   WHX Corp., expire 02/28/08+ ......      12,903
                                                 ------------
                                                      638,216
                                                 ------------
               FOOD AND BEVERAGE -- 0.0%
       1,300   Parmalat SpA, GDR,
                expire 12/31/15+ (b)(c) .........           0
                                                 ------------
               TOTAL WARRANTS ...................     638,216
                                                 ------------
  PRINCIPAL
   AMOUNT
   ------

               U.S. GOVERNMENT OBLIGATIONS -- 30.6%
 $46,841,000   U.S. Treasury Bills,
                4.773% to 5.174%++,
                10/12/06 to 03/08/07 ............  46,042,110
                                                 ------------

   TOTAL INVESTMENTS -- 100.0%
    (Cost $145,375,298) .........................$150,468,372
                                                 ============

   --------------
            Aggregate book cost .................$145,699,059
                                                 ============
            Gross unrealized appreciation .......$  9,090,085
            Gross unrealized depreciation .......  (4,320,772)
                                                 -------------
            Net unrealized appreciation
             (depreciation) .....................$  4,769,313
                                                 ============

   --------------
   (a)  Security fair valued under procedures established by the Board of
        Directors. The procedures may include reviewing available financial
        information about the company and reviewing valuation of comparable
        securities and other factors on a regular basis. At September 30, 2006,
        the market value of fair valued securities amounted to $3,472,906 or
        2.31% of total investments.
   (b)  Security exempt from registration under Rule 144A of the Securities Act
        of 1933, as amended. These securities may be resold in transactions
        exempt from registration, normally to qualified institutional buyers. At
        September 30, 2006, the market value of Rule 144A securities amounted to
        $5,396,050 or 3.59% of total investments. Except as noted in (c), these
        securities are liquid.
   (c)  At September 30, 2006, the Fund held investments in restricted and
        illiquid securities amounting to $3,472,789 or 2.31% of total
        investments, which were valued under methods approved by the Board as
        follows:

Acquisition
  Shares/                                                           09/30/2006
 Principal                              Acquisition Acquisition   Carrying Value
  Amount    Issuer                          Date       Cost          Per Unit
  ------    ------                         ------     ------         --------
$   80,000  Amnex Inc.,
             8.500%, 09/25/49 ........... 09/15/97  $   71,773               --
 2,000,000  GP Strategies Corp.,
             6.000%, 08/14/08 ........... 08/14/03   1,362,935     $     0.6689
   262,431  GP Strategies Corp.
             Warrants expire 08/14/08 ... 08/08/03     637,065           2.5694
       100  Gray Television Inc.,
             8.000% Cv. Pfd., Ser. C .... 04/22/02   1,000,000      10,000.0000
    14,561  Interep National Radio
             Sales Inc.,
             4.000% Cv. Pfd., Ser. A .... 05/03/02   1,347,184          35.0001
    87,500  Interep National Radio
             Sales Inc.
             Warrants expire 05/06/07 ... 05/03/02          --               --
   379,703  National Patent
             Development Corp.
             Warrants expire 08/14/08 ... 11/24/04          --           0.1321

   (d)  Security in default.
     +  Non-income producing security.
    ++  Represents annualized yield at date of purchase.
   ADR  American Depository Receipt
   CVO  Contingent Value Obligation
   GDR  Global Depository Receipt
  STEP  Step coupon bond. The rate disclosed is that in effect at September 30,
        2006.
   *    Portfolio securities are valued at the last quoted sale price or
        closing values. If these are unavailable, then the average of the
        closing bid and asked prices is used. If there is no asked price, the
        security is valued at the closing bid price on that day. Debt
        instruments are valued at the average of the closing bid and asked
        prices. If the security matures in 60 days or less and is not credit
        impaired, it is valued at amortized cost. All securities and assets for
        which market quotations are not readily available or any security that
        the Board determines does not reflect its fair market value are valued
        in good faith under procedures established by the Board.

                                       5
<PAGE>

ITEM 2. CONTROLS AND PROCEDURES.

     (a) The registrant's  principal executive and principal financial officers,
         or  persons  performing  similar  functions,  have  concluded  that the
         registrant's  disclosure  controls and  procedures  (as defined in Rule
         30a-3(c)  under the  Investment  Company Act of 1940,  as amended  (the
         "1940 Act") (17 CFR 270.30a-3(c)))  are effective,  as of a date within
         90 days of the filing date of the report that  includes the  disclosure
         required by this paragraph, based on their evaluation of these controls
         and  procedures  required by Rule  30a-3(b)  under the 1940 Act (17 CFR
         270.30a-3(b))  and Rules  13a-15(b) or 15d-15(b)  under the  Securities
         Exchange   Act  of  1934,   as  amended   (17  CFR   240.13a-15(b)   or
         240.15d-15(b)).

     (b) There  were  no  changes  in the  registrant's  internal  control  over
         financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17
         CFR  270.30a-3(d))  that occurred during the  registrant's  last fiscal
         quarter that have  materially  affected,  or are  reasonably  likely to
         materially  affect,  the  registrant's  internal control over financial
         reporting.


ITEM 3. EXHIBITS.

Certifications pursuant to Rule 30a-2(a) under the  1940 Act and  Section 302 of
the Sarbanes-Oxley Act of 2002 are attached hereto.


<PAGE>



                                   SIGNATURES

Pursuant to the  requirements  of the  Securities  Exchange  Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) The Gabelli Convertible and Income Securities Fund Inc.
            --------------------------------------------------------------------

By (Signature and Title)*  /s/ Bruce N. Alpert
                         -------------------------------------------------------
                           Bruce N. Alpert, Principal Executive Officer


Date     11/03/06
    ----------------------------------------------------------------------------


Pursuant to the  requirements  of the  Securities  Exchange  Act of 1934 and the
Investment  Company  Act of  1940,  this  report  has been  signed  below by the
following  persons on behalf of the  registrant and in the capacities and on the
dates indicated.


By (Signature and Title)*  /s/ Bruce N. Alpert
                         -------------------------------------------------------
                           Bruce N. Alpert, Principal Executive Officer


Date     11/03/06
    ----------------------------------------------------------------------------


By (Signature and Title)*  /s/ Agnes Mullady
                         -------------------------------------------------------
                           Agnes Mullady,
                           Principal Financial Officer & Treasurer


Date     11/03/06
    ----------------------------------------------------------------------------


* Print the name and title of each signing officer under his or her signature.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>exh302.txt
<DESCRIPTION>EXHIBIT TO SECTION 302 OF SOA
<TEXT>

         CERTIFICATION PURSUANT TO RULE 30A-2(A) UNDER THE 1940 ACT AND
                     SECTION 302 OF THE SARBANES-OXLEY ACT

I, Bruce N. Alpert, certify that:

1.       I have reviewed this report on Form N-Q of The Gabelli  Convertible and
         Income Securities Fund Inc.;

2.       Based  on my  knowledge,  this  report  does  not  contain  any  untrue
         statement of a material fact or omit to state a material fact necessary
         to make the statements made, in light of the circumstances  under which
         such  statements  were made, not misleading  with respect to the period
         covered by this report;

3.       Based on my knowledge,  the schedules of  investments  included in this
         report fairly present in all material  respects the  investments of the
         registrant as of the end of the fiscal  quarter for which the report is
         filed;

4.       The registrant's other certifying  officer(s) and I are responsible for
         establishing  and  maintaining  disclosure  controls and procedures (as
         defined in Rule 30a-3(c) under the Investment  Company Act of 1940) and
         internal control over financial  reporting (as defined in Rule 30a-3(d)
         under the Investment Company Act of 1940) for the registrant and have:

         (a) Designed such disclosure  controls and  procedures,  or caused such
             disclosure  controls  and  procedures  to  be  designed  under  our
             supervision,  to ensure that material  information  relating to the
             registrant,  including its consolidated subsidiaries, is made known
             to us by others  within  those  entities,  particularly  during the
             period in which this report is being prepared;

         (b) Designed such internal control over financial reporting,  or caused
             such internal control over financial reporting to be designed under
             our  supervision,  to provide  reasonable  assurance  regarding the
             reliability of financial reporting and the preparation of financial
             statements  for  external  purposes in  accordance  with  generally
             accepted accounting principles;

         (c) Evaluated the effectiveness of the registrant's disclosure controls
             and procedures and presented in this report our  conclusions  about
             the effectiveness of the disclosure controls and procedures,  as of
             a date  within 90 days  prior to the  filing  date of this  report,
             based on such evaluation; and

         (d) Disclosed  in this report any change in the  registrant's  internal
             control  over  financial   reporting   that  occurred   during  the
             registrant's   most  recent  fiscal  quarter  that  has  materially
             affected,  or  is  reasonably  likely  to  materially  affect,  the
             registrant's internal control over financial reporting; and

5.       The registrant's  other  certifying  officer(s) and I have disclosed to
         the  registrant's  auditors and the audit committee of the registrant's
         board of directors (or persons performing the equivalent functions):

         (a) All significant  deficiencies and material weaknesses in the design
             or operation of internal control over financial reporting which are
             reasonably  likely to adversely affect the registrant's  ability to
             record, process, summarize, and report financial information; and

         (b) Any fraud,  whether or not material,  that  involves  management or
             other  employees  who have a significant  role in the  registrant's
             internal control over financial reporting.


Date: 11/03/06                     /s/ Bruce N. Alpert
      ------------                 -------------------
                                   Bruce N. Alpert, Principal Executive Officer
<PAGE>

         CERTIFICATION PURSUANT TO RULE 30A-2(A) UNDER THE 1940 ACT AND
                     SECTION 302 OF THE SARBANES-OXLEY ACT

I, Agnes Mullady, certify that:

1.       I have reviewed this report on Form N-Q of The Gabelli  Convertible and
         Income Securities Fund Inc.;

2.       Based  on my  knowledge,  this  report  does  not  contain  any  untrue
         statement of a material fact or omit to state a material fact necessary
         to make the statements made, in light of the circumstances  under which
         such  statements  were made, not misleading  with respect to the period
         covered by this report;

3.       Based on my knowledge,  the schedules of  investments  included in this
         report fairly present in all material  respects the  investments of the
         registrant as of the end of the fiscal  quarter for which the report is
         filed;

4.       The registrant's other certifying  officer(s) and I are responsible for
         establishing  and  maintaining  disclosure  controls and procedures (as
         defined in Rule 30a-3(c) under the Investment  Company Act of 1940) and
         internal control over financial  reporting (as defined in Rule 30a-3(d)
         under the Investment Company Act of 1940) for the registrant and have:

         (a) Designed such disclosure  controls and  procedures,  or caused such
             disclosure  controls  and  procedures  to  be  designed  under  our
             supervision,  to ensure that material  information  relating to the
             registrant,  including its consolidated subsidiaries, is made known
             to us by others  within  those  entities,  particularly  during the
             period in which this report is being prepared;

         (b) Designed such internal control over financial reporting,  or caused
             such internal control over financial reporting to be designed under
             our  supervision,  to provide  reasonable  assurance  regarding the
             reliability of financial reporting and the preparation of financial
             statements  for  external  purposes in  accordance  with  generally
             accepted accounting principles;

         (c) Evaluated the effectiveness of the registrant's disclosure controls
             and procedures and presented in this report our  conclusions  about
             the effectiveness of the disclosure controls and procedures,  as of
             a date  within 90 days  prior to the  filing  date of this  report,
             based on such evaluation; and

         (d) Disclosed  in this report any change in the  registrant's  internal
             control  over  financial   reporting   that  occurred   during  the
             registrant's   most  recent  fiscal  quarter  that  has  materially
             affected,  or  is  reasonably  likely  to  materially  affect,  the
             registrant's internal control over financial reporting; and

5.       The registrant's  other  certifying  officer(s) and I have disclosed to
         the  registrant's  auditors and the audit committee of the registrant's
         board of directors (or persons performing the equivalent functions):

         (a) All significant  deficiencies and material weaknesses in the design
             or operation of internal control over financial reporting which are
             reasonably  likely to adversely affect the registrant's  ability to
             record, process, summarize, and report financial information; and

         (b) Any fraud,  whether or not material,  that  involves  management or
             other  employees  who have a significant  role in the  registrant's
             internal control over financial reporting.


Date: 11/03/06                   /s/ Agnes Mullady
      --------------            ---------------------------------------------
                                Agnes Mullady,
                                Principal Financial Officer & Treasurer
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
