GABELLI BLUE CHIP VALUE FUND
N-8A, 1999-06-07
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                 SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                 FORM N-8A

            NOTIFICATION OF REGISTRATION FILED PURSUANT
        TO SECTION 8(A) OF THE INVESTMENT COMPANY ACT OF 1940

      The undersigned investment company hereby notifies the Securities and
Exchange Commission that it registers under and pursuant to the provisions
of Section 8(a) of the Investment Company Act of 1940 and in connection
with such notification of registration submits the following information:

Name: The Gabelli Blue Chip Value Fund

Address of Principal Business Office (No. & Street, City, State, Zip Code):

      One Corporate Center
      Rye, New York  10580

Telephone Number (including area code):

      (914) 921-5100

Name and address of agent for service of process:

      The Corporation Trust Company
      1209 Orange Street
      Wilmington, DE 19801

With copies of Notices and Communications to:

      Richard T. Prins
      Skadden, Arps, Slate, Meagher & Flom LLP
      919 Third Avenue
      New York, New York  10022

Check Appropriate Box:

      Registrant is filing a Registration Statement pursuant to Section
8(b) of the Investment Company Act of 1940 concurrently with the filing of
form N-8A: YES [X] NO [ ]


                                 SIGNATURE

      Pursuant to the requirements of the Investment Company Act of 1940,
the Registrant has caused this notification of registration to be duly
signed on behalf of the registrant in the city of Rye and in the state of
New York on the th day of June, 1999.

[SEAL]

                        The Gabelli Blue Chip Value Fund
                                 (REGISTRANT)


                        By: /s/ Bruce N. Alpert
                            -------------------------------------
                            Bruce N. Alpert
                            Vice President and Treasurer


Attest:

/s/ James E. McKee
- --------------------------
    James E. McKee
    Secretary





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