GABELLI ASSET FUND
NSAR-A, EX-27, 2000-08-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000783898
<NAME> THE GABELLI ASSET FUND
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                    1,204,513,370
<INVESTMENTS-AT-VALUE>                   1,960,581,742
<RECEIVABLES>                               38,651,927
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                         4,087,655
<TOTAL-ASSETS>                           2,003,321,324
<PAYABLE-FOR-SECURITIES>                    19,417,548
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,297,789
<TOTAL-LIABILITIES>                         21,715,337
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,021,610,272
<SHARES-COMMON-STOCK>                       49,322,538
<SHARES-COMMON-PRIOR>                       48,816,448
<ACCUMULATED-NII-CURRENT>                   13,092,767
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    190,927,105
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   755,975,843
<NET-ASSETS>                             1,981,605,987
<DIVIDEND-INCOME>                           22,256,961
<INTEREST-INCOME>                            3,912,098
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              13,076,292
<NET-INVESTMENT-INCOME>                     13,092,767
<REALIZED-GAINS-CURRENT>                   190,723,932
<APPREC-INCREASE-CURRENT>                (236,649,258)
<NET-CHANGE-FROM-OPS>                     (32,832,559)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      6,359,643
<NUMBER-OF-SHARES-REDEEMED>                  5,853,553
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                    (12,268,836)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      203,173
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        9,754,619
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             13,076,292
<AVERAGE-NET-ASSETS>                     1,962,447,052
<PER-SHARE-NAV-BEGIN>                            40.84
<PER-SHARE-NII>                                   0.27
<PER-SHARE-GAIN-APPREC>                         (0.93)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              40.18
<EXPENSE-RATIO>                                   1.34



</TABLE>


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