SCHEDULE II
INFORMATION WITH RESPECT TO
TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR
SINCE THE MOST RECENT FILING ON SCHEDULE 13D (1)
SHARES PURCHASED AVERAGE
DATE SOLD(-) PRICE(2)
COMMON STOCK-GRAY COMM SYS INC
MJG ASSOCIATES, INC.
10/26/00 1,000- 16.3125
GAMCO INVESTORS, INC.
11/02/00 7,000 14.2500
10/31/00 10,000 13.9750
10/31/00 1,500 14.0000
10/30/00 500 13.8750
10/27/00 3,000 13.5625
10/27/00 7,000 13.5625
10/26/00 5,800 13.3082
(1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
ON THE NYSE.
(2) PRICE EXCLUDES COMMISSION.