The Gabelli Blue Chip Value Fund
2nd Quarter 2000
Section 10f-3 Transactions
The following securities were purchased pursuant to Rule 10f-3 and all
requirements of the Affiliated Underwriting Procedures of the Fund. A
folder documenting such compliance for each transaction is available
for inspection by Board Members.
Trade Dates 04-26-00
Issue AT&T Wireless
Shares 25,000
Price $29.50
Amount $737,500
Spread Amount .86
Spread % 2.92%
Fund's % of Issue 0.007%
% of Issue for all
GabelliFunds 0.195%
Broker Merill Lynch
Issues within
90 days 3
Reason (1),(2)
The Purchases listed above meet the following requirements of 10f-3
...Part of an issue registered under the Securities Act of 1933.
...Purchased at not more than the offering price.
...Offered pursuant to a firm commitment underwriting.
... The issuer has been in continuos operation for at least 3 years.
All other requirements are presented in the table above.
Reason Key
(1) Does not exceed 125% of the mean offering spread of 3 comparable
Issues underwritten in the last 90 days.
(2) Does not exceed 110% of this underwriting spread of 3 comparable
Issues underwritten in the last 90 days.
Note: If 3 comparable issues are not available within 90 days, a
one-year window is used.
