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
GABELLI PERFORMANCE PARTNERSHIP
10/24/00 28,500 11.7730
GAMCO INVESTORS, INC.
10/24/00 1,000 12.0000
10/24/00 25,750 11.7500
10/23/00 8,000 11.1016
GABELLI ADVISERS, INC.
10/23/00 9,000 11.0903
(1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
ON THE NYSE.
(2) PRICE EXCLUDES COMMISSION.