<PAGE> PAGE 1
000 B000000 09/30/99
000 C000000 0000796229
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE GABELLI WESTWOOD FUNDS
001 B000000 811-04719
001 C000000 9149215100
002 A000000 ONE CORPORATE CENTER
002 B000000 RYE
002 C000000 NY
002 D010000 10580
002 D020000 1434
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 6
007 C010100 1
007 C020100 GABELLI WESTWOOD EQUITY FUND
007 C030100 N
007 C010200 2
007 C010300 3
007 C020300 GABELLI WESTWOOD INTERMEDIATE BOND FUND
007 C030300 N
007 C010400 4
007 C020400 GABELLI WESTWOOD BALANCED FUND
007 C030400 N
007 C010500 5
007 C020500 GABELLI WESTWOOD SMALLCAP EQUITY FUND
007 C030500 N
007 C010600 6
007 C020600 GABELLI WESTWOOD REALTY FUND
007 C030600 N
007 C010700 7
007 C020700 GABELLI WESTWOOD MIGHTY MITES FUND
007 C030700 N
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 GABELLI ADVISERS INC.
008 B00AA01 A
008 C00AA01 801-47568
008 D01AA01 RYE
008 D02AA01 NY
008 D03AA01 10580
<PAGE> PAGE 2
008 D04AA01 1434
008 A00AA02 WESTWOOD MANAGEMENT CORPORATION
008 B00AA02 S
008 C00AA02 801-18727
008 D01AA02 DALLAS
008 D02AA02 TX
008 D03AA02 75201
010 A00AA01 GABELLI ADVISERS INC.
010 B00AA01 801-47568
010 C01AA01 RYE
010 C02AA01 NY
010 C03AA01 10580
010 C04AA01 1434
010 A00AA02 BISYS FUND SERVICES
010 B00AA02 8-32480
010 C01AA02 COLUMBUS
010 C02AA02 OH
010 C03AA02 43219
010 A00AA03 FIRST DATA INVESTOR SERVICES GROUP, INC.
010 B00AA03 8-00000
010 C01AA03 BOSTON
010 C02AA03 MA
010 C03AA03 02110
011 A00AA01 GABELLI & COMPANY, INC.
011 B00AA01 8-21373
011 C01AA01 RYE
011 C02AA01 NY
011 C03AA01 10580
011 C04AA01 1434
012 A00AA01 BOSTON FINANCIAL DATA SERVICES INC.
012 B00AA01 85-05003
012 C01AA01 BRAIN TREE
012 C02AA01 MA
012 C03AA01 02184
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
014 A00AA01 SOUTHWEST SECURITIES
014 B00AA01 8-00000
014 A00AA02 GABELLI & COMPANY, INC.
014 B00AA02 8-21373
014 A00AA03 KEELEY INVESTMENT CORP.
014 B00AA03 8-20353
014 A00AA04 DELETE
015 A00AA01 BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10286
015 E01AA01 X
<PAGE> PAGE 3
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 6
019 C00AA00 WESTWOODFU
020 A000001 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP
020 B000001 13-2741729
020 C000001 105
020 A000002 MERRILL LYNCH & CO.
020 B000002 13-5674085
020 C000002 42
020 A000003 LEHMAN BROTHERS
020 B000003 13-2518466
020 C000003 41
020 A000004 SOUNDVIEW FINANCIAL
020 B000004 13-2998183
020 C000004 29
020 A000005 OPPENHEIMER AND CO. INC
020 B000005 13-2798343
020 C000005 26
020 A000006 SALOMAN BROTHERS INC.
020 B000006 13-1912900
020 C000006 24
020 A000007 SANFORD C BERNSTEIN
020 B000007 13-2625874
020 C000007 21
020 A000008 MORGAN STANLEY AND CO
020 C000008 20
020 A000009 CARVER AND CO
020 C000009 16
020 A000010 MEDFORD FINANCIAL INC.
020 C000010 15
021 000000 565
022 A000001 G.X. CLARKE
022 B000001 13-2969143
022 C000001 56623
022 D000001 48545
022 A000002 LEHMAN BROTHERS
022 B000002 13-2518466
022 C000002 24033
022 D000002 10589
022 A000003 CS FIRST BOSTON
022 B000003 13-5659485
022 C000003 11949
022 D000003 21108
022 A000004 BEAR STEARNS
022 B000004 13-3299429
022 C000004 18149
022 D000004 2719
022 A000005 LEGG MASON
022 B000005 52-0902557
022 C000005 13292
<PAGE> PAGE 4
022 D000005 5966
022 A000006 MERRILL LYNCH
022 B000006 13-5674085
022 C000006 7814
022 D000006 10920
022 A000007 FIRST BOSTON CORP
022 B000007 13-5659485
022 C000007 385
022 D000007 16341
022 A000008 GOLDMAN SACHS
022 B000008 13-5108880
022 C000008 12148
022 D000008 2888
022 A000009 STATE STREET
022 B000009 04-1867445
022 C000009 9567
022 D000009 0
022 A000010 ALEX BROWN
022 B000010 52-1319768
022 C000010 4652
022 D000010 3166
023 C000000 199679
023 D000000 149916
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
049 00AA00 N
<PAGE> PAGE 5
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 N
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
077 A000000 Y
077 B000000 Y
077 O000000 Y
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 NATIONAL UNION FIRE INSURANCE CO.
080 C00AA00 18625
081 A00AA00 Y
081 B00AA00 28
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
028 A010100 4470
028 A020100 0
<PAGE> PAGE 6
028 A030100 0
028 A040100 11339
028 B010100 2791
028 B020100 0
028 B030100 0
028 B040100 3544
028 C010100 3359
028 C020100 0
028 C030100 0
028 C040100 5064
028 D010100 2994
028 D020100 0
028 D030100 0
028 D040100 3123
028 E010100 3644
028 E020100 0
028 E030100 0
028 E040100 3836
028 F010100 3012
028 F020100 0
028 F030100 0
028 F040100 29315
028 G010100 20270
028 G020100 0
028 G030100 0
028 G040100 56222
028 H000100 419
029 000100 Y
030 A000100 13
030 B000100 4.00
030 C000100 0.00
031 A000100 2
031 B000100 0
032 000100 11
033 000100 0
042 A000100 0
042 B000100 0
042 C000100 100
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 487
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 1.000
048 A010100 0
048 A020100 0.000
<PAGE> PAGE 7
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
<PAGE> PAGE 8
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 121341
071 B000100 171215
071 C000100 192517
071 D000100 67
072 A000100 12
072 B000100 287
072 C000100 3229
072 D000100 0
072 E000100 0
072 F000100 1920
072 G000100 0
072 H000100 0
072 I000100 117
072 J000100 93
072 K000100 0
<PAGE> PAGE 9
072 L000100 57
072 M000100 0
072 N000100 31
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 26
072 S000100 23
072 T000100 487
072 U000100 0
072 V000100 0
072 W000100 120
072 X000100 2874
072 Y000100 0
072 Z000100 642
072AA000100 15111
072BB000100 0
072CC010100 18690
072CC020100 0
072DD010100 1202
072DD020100 7
072EE000100 4477
073 A010100 0.0600
073 A020100 0.0300
073 B000100 0.2300
073 C000100 0.0000
074 A000100 22667
074 B000100 0
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 155831
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 3587
074 K000100 0
074 L000100 264
074 M000100 0
074 N000100 182349
074 O000100 0
074 P000100 154
074 Q000100 0
074 R010100 24937
074 R020100 0
074 R030100 0
074 R040100 0
074 S000100 0
074 T000100 157258
074 U010100 14816
074 U020100 212
<PAGE> PAGE 10
074 V010100 10.46
074 V020100 10.46
074 W000100 0.0000
074 X000100 7168
074 Y000100 0
075 A000100 0
075 B000100 192517
076 000100 0.00
028 A010300 131
028 A020300 24
028 A030300 0
028 A040300 139
028 B010300 97
028 B020300 23
028 B030300 0
028 B040300 175
028 C010300 187
028 C020300 24
028 C030300 0
028 C040300 136
028 D010300 96
028 D020300 24
028 D030300 0
028 D040300 755
028 E010300 71
028 E020300 24
028 E030300 0
028 E040300 217
028 F010300 45
028 F020300 47
028 F030300 0
028 F040300 47
028 G010300 626
028 G020300 166
028 G030300 0
028 G040300 1469
028 H000300 0
029 000300 N
030 A000300 0
030 B000300 0.00
030 C000300 0.00
031 A000300 0
031 B000300 0
032 000300 0
033 000300 0
042 A000300 0
042 B000300 0
042 C000300 100
042 D000300 0
042 E000300 0
042 F000300 0
<PAGE> PAGE 11
042 G000300 0
042 H000300 0
043 000300 18
044 000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.600
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 48.2
062 N000300 15.0
062 O000300 0.0
062 P000300 28.9
062 Q000300 6.1
062 R000300 0.0
063 A000300 0
063 B000300 10.7
064 A000300 N
<PAGE> PAGE 12
064 B000300 N
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 N
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 N
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 7096
071 B000300 7306
071 C000300 6714
071 D000300 108
072 A000300 12
072 B000300 415
072 C000300 0
072 D000300 0
072 E000300 0
<PAGE> PAGE 13
072 F000300 43
072 G000300 0
072 H000300 0
072 I000300 10
072 J000300 9
072 K000300 0
072 L000300 2
072 M000300 0
072 N000300 14
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 16
072 S000300 1
072 T000300 18
072 U000300 0
072 V000300 0
072 W000300 4
072 X000300 117
072 Y000300 42
072 Z000300 344
072AA000300 0
072BB000300 12
072CC010300 0
072CC020300 505
072DD010300 344
072DD020300 0
072EE000300 0
073 A010300 0.5000
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 42
074 B000300 0
074 C000300 0
074 D000300 6103
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 103
074 M000300 0
074 N000300 6248
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
<PAGE> PAGE 14
074 R030300 0
074 R040300 34
074 S000300 0
074 T000300 6214
074 U010300 622
074 U020300 0
074 V010300 9.99
074 V020300 0.00
074 W000300 0.0000
074 X000300 522
074 Y000300 0
075 A000300 0
075 B000300 6714
076 000300 0.00
028 A010400 5724
028 A020400 0
028 A030400 0
028 A040400 6850
028 B010400 2312
028 B020400 0
028 B030400 0
028 B040400 3092
028 C010400 4428
028 C020400 862
028 C030400 0
028 C040400 3797
028 D010400 2528
028 D020400 1
028 D030400 0
028 D040400 2937
028 E010400 5527
028 E020400 0
028 E030400 0
028 E040400 6165
028 F010400 3436
028 F020400 797
028 F030400 0
028 F040400 2946
028 G010400 23955
028 G020400 1660
028 G030400 0
028 G040400 25787
028 H000400 1029
029 000400 Y
030 A000400 0
030 B000400 4.00
030 C000400 0.00
031 A000400 0
031 B000400 0
032 000400 0
033 000400 0
<PAGE> PAGE 15
042 A000400 0
042 B000400 0
042 C000400 100
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
043 000400 443
044 000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.750
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
<PAGE> PAGE 16
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 0.0
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 N
066 E000400 Y
066 F000400 N
066 G000400 N
067 000400 Y
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 N
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 N
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
<PAGE> PAGE 17
070 R020400 N
071 A000400 153365
071 B000400 138339
071 C000400 174382
071 D000400 86
072 A000400 12
072 B000400 3621
072 C000400 1729
072 D000400 0
072 E000400 0
072 F000400 1248
072 G000400 0
072 H000400 0
072 I000400 67
072 J000400 83
072 K000400 0
072 L000400 33
072 M000400 0
072 N000400 29
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 25
072 S000400 17
072 T000400 443
072 U000400 0
072 V000400 0
072 W000400 82
072 X000400 2027
072 Y000400 0
072 Z000400 3323
072AA000400 10229
072BB000400 0
072CC010400 3960
072CC020400 0
072DD010400 3227
072DD020400 192
072EE000400 1569
073 A010400 0.2500
073 A020400 0.2200
073 B000400 0.1200
073 C000400 0.0000
074 A000400 3108
074 B000400 0
074 C000400 0
074 D000400 64702
074 E000400 0
074 F000400 101836
074 G000400 0
074 H000400 0
074 I000400 0
<PAGE> PAGE 18
074 J000400 265
074 K000400 0
074 L000400 1533
074 M000400 0
074 N000400 171444
074 O000400 1214
074 P000400 106
074 Q000400 0
074 R010400 398
074 R020400 0
074 R030400 0
074 R040400 0
074 S000400 0
074 T000400 169726
074 U010400 13388
074 U020400 785
074 V010400 11.98
074 V020400 11.95
074 W000400 0.0000
074 X000400 4013
074 Y000400 0
075 A000400 0
075 B000400 174382
076 000400 0.00
028 A010500 283
028 A020500 0
028 A030500 0
028 A040500 755
028 B010500 168
028 B020500 0
028 B030500 0
028 B040500 217
028 C010500 1697
028 C020500 0
028 C030500 0
028 C040500 379
028 D010500 2544
028 D020500 0
028 D030500 0
028 D040500 3421
028 E010500 409
028 E020500 0
028 E030500 0
028 E040500 333
028 F010500 673
028 F020500 0
028 F030500 0
028 F040500 110
028 G010500 5774
028 G020500 0
028 G030500 0
<PAGE> PAGE 19
028 G040500 5215
028 H000500 0
029 000500 N
030 A000500 0
030 B000500 0.00
030 C000500 0.00
031 A000500 0
031 B000500 0
032 000500 0
033 000500 0
042 A000500 0
042 B000500 0
042 C000500 100
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 40
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 1.000
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
<PAGE> PAGE 20
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 0.0
066 A000500 Y
066 B000500 Y
066 C000500 N
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 N
070 M010500 Y
<PAGE> PAGE 21
070 M020500 Y
070 N010500 N
070 N020500 N
070 O010500 N
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 28212
071 B000500 27692
071 C000500 17734
071 D000500 178
072 A000500 12
072 B000500 0
072 C000500 98
072 D000500 0
072 E000500 0
072 F000500 160
072 G000500 0
072 H000500 0
072 I000500 15
072 J000500 20
072 K000500 0
072 L000500 3
072 M000500 0
072 N000500 10
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 19
072 S000500 1
072 T000500 40
072 U000500 0
072 V000500 2
072 W000500 5
072 X000500 275
072 Y000500 16
072 Z000500 -161
072AA000500 913
072BB000500 0
072CC010500 6428
072CC020500 0
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.0000
<PAGE> PAGE 22
073 C000500 0.0000
074 A000500 357
074 B000500 0
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 19228
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 804
074 K000500 0
074 L000500 154
074 M000500 6
074 N000500 20549
074 O000500 132
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 56
074 S000500 0
074 T000500 20361
074 U010500 1146
074 U020500 0
074 V010500 17.77
074 V020500 0.00
074 W000500 0.0000
074 X000500 812
074 Y000500 0
028 A010600 159
028 A020600 0
028 A030600 0
028 A040600 103
028 B010600 24
028 B020600 0
028 B030600 0
028 B040600 9
028 C010600 58
028 C020600 18
028 C030600 0
028 C040600 29
028 D010600 49
028 D020600 0
028 D030600 0
028 D040600 55
028 E010600 29
028 E020600 0
028 E030600 0
028 E040600 28
<PAGE> PAGE 23
028 F010600 18
028 F020600 18
028 F030600 0
028 F040600 96
028 G010600 337
028 G020600 36
028 G030600 0
028 G040600 320
028 H000600 0
029 000600 N
030 A000600 0
030 B000600 0.00
030 C000600 0.00
031 A000600 0
031 B000600 0
032 000600 0
033 000600 0
042 A000600 0
042 B000600 0
042 C000600 100
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 5
044 000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 1.000
048 A010600 0
048 A020600 0.000
048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
<PAGE> PAGE 24
048 K010600 0
048 K020600 0.000
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
063 A000600 0
063 B000600 0.0
066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 N
066 E000600 Y
066 F000600 N
066 G000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 N
070 I020600 N
<PAGE> PAGE 25
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 1249
071 B000600 1014
071 C000600 1485
071 D000600 55
072 A000600 12
072 B000600 0
072 C000600 112
072 D000600 0
072 E000600 0
072 F000600 19
072 G000600 0
072 H000600 0
072 I000600 3
072 J000600 8
072 K000600 0
072 L000600 1
072 M000600 0
072 N000600 10
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 18
072 S000600 1
072 T000600 5
072 U000600 2
072 V000600 0
072 W000600 3
072 X000600 71
072 Y000600 40
072 Z000600 83
072AA000600 0
072BB000600 206
072CC010600 8
<PAGE> PAGE 26
072CC020600 0
072DD010600 71
072DD020600 0
072EE000600 13
073 A010600 0.2300
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 0
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 1755
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 99
074 K000600 1
074 L000600 14
074 M000600 5
074 N000600 1874
074 O000600 35
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 55
074 S000600 0
074 T000600 1784
074 U010600 234
074 U020600 0
074 V010600 7.61
074 V020600 0.00
074 W000600 0.0000
074 X000600 144
074 Y000600 0
075 A000600 0
075 B000600 1985
076 000600 0.00
028 A010700 309
028 A020700 0
028 A030700 0
028 A040700 60
028 B010700 352
028 B020700 0
028 B030700 0
028 B040700 142
028 C010700 231
028 C020700 0
<PAGE> PAGE 27
028 C030700 0
028 C040700 55
028 D010700 439
028 D020700 0
028 D030700 0
028 D040700 386
028 E010700 341
028 E020700 0
028 E030700 0
028 E040700 147
028 F010700 351
028 F020700 0
028 F030700 0
028 F040700 100
028 G010700 2023
028 G020700 0
028 G030700 0
028 G040700 890
028 H000700 0
029 000700 N
030 A000700 0
030 B000700 0.00
030 C000700 0.00
031 A000700 0
031 B000700 0
032 000700 0
033 000700 0
042 A000700 0
042 B000700 0
042 C000700 100
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 19
044 000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 1.000
048 A010700 0
048 A020700 0.000
048 B010700 0
048 B020700 0.000
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
<PAGE> PAGE 28
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 0
048 K020700 0.000
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 0
063 B000700 0.0
066 A000700 Y
066 B000700 Y
066 C000700 N
066 D000700 N
066 E000700 N
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 Y
070 D020700 N
<PAGE> PAGE 29
070 E010700 N
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 N
070 M010700 Y
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 9478
071 B000700 5280
071 C000700 9353
071 D000700 88
072 A000700 12
072 B000700 71
072 C000700 78
072 D000700 0
072 E000700 0
072 F000700 77
072 G000700 0
072 H000700 0
072 I000700 17
072 J000700 15
072 K000700 0
072 L000700 2
072 M000700 0
072 N000700 11
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 19
072 S000700 5
<PAGE> PAGE 30
072 T000700 19
072 U000700 10
072 V000700 0
072 W000700 4
072 X000700 179
072 Y000700 101
072 Z000700 72
072AA000700 1169
072BB000700 0
072CC010700 892
072CC020700 0
072DD010700 46
072DD020700 0
072EE000700 1
073 A010700 0.0900
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 1
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 9825
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 386
074 K000700 0
074 L000700 64
074 M000700 34
074 N000700 10310
074 O000700 78
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 27
074 S000700 0
074 T000700 10205
074 U010700 791
074 U020700 0
074 V010700 12.91
074 V020700 0.00
074 W000700 0.0000
074 X000700 1107
074 Y000700 0
075 A000700 0
075 B000700 9353
076 000700 0.00
<PAGE> PAGE 31
SIGNATURE BRIAN O'NEILL
TITLE DIRECTOR
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0098764889
<NAME> GABELLI WESTWOOD FUNDS
<SERIES>
<NUMBER> 3
<NAME> GABELLI WESTWOOD INTERMEDIATE BOND FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> OCT-1-1998
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 6368040
<INVESTMENTS-AT-VALUE> 6102522
<RECEIVABLES> 103326
<ASSETS-OTHER> 42053
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6247901
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 33933
<TOTAL-LIABILITIES> 33933
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6851488
<SHARES-COMMON-STOCK> 621770
<SHARES-COMMON-PRIOR> 709439
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (372002)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (265518)
<NET-ASSETS> 6213968
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 415387
<OTHER-INCOME> 0
<EXPENSES-NET> 71428
<NET-INVESTMENT-INCOME> 343959
<REALIZED-GAINS-CURRENT> (12165)
<APPREC-INCREASE-CURRENT> (504721)
<NET-CHANGE-FROM-OPS> (172927)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 344010
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 217090
<NUMBER-OF-SHARES-REDEEMED> 333664
<SHARES-REINVESTED> 28905
<NET-CHANGE-IN-ASSETS> (1403960)
<ACCUMULATED-NII-PRIOR> 51
<ACCUMULATED-GAINS-PRIOR> (359837)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 42858
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 116767
<AVERAGE-NET-ASSETS> 7142975
<PER-SHARE-NAV-BEGIN> 10.74
<PER-SHARE-NII> 0.50
<PER-SHARE-GAIN-APPREC> (0.75)
<PER-SHARE-DIVIDEND> 0.50
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.99
<EXPENSE-RATIO> 1.05
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0098794889
<NAME> GABELLI WESTWOOD FUNDS
<SERIES>
<NUMBER> 5
<NAME> GABELLI WESTWOOD SMALLCAP EQUITY FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> OCT-1-1998
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 13909102
<INVESTMENTS-AT-VALUE> 19227874
<RECEIVABLES> 958246
<ASSETS-OTHER> 357027
<OTHER-ITEMS-ASSETS> 6329
<TOTAL-ASSETS> 20549476
<PAYABLE-FOR-SECURITIES> 131712
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 56697
<TOTAL-LIABILITIES> 188409
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14395954
<SHARES-COMMON-STOCK> 1145664
<SHARES-COMMON-PRIOR> 1046077
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 646341
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5318772
<NET-ASSETS> 20361067
<DIVIDEND-INCOME> 98442
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 239138
<NET-INVESTMENT-INCOME> (140696)
<REALIZED-GAINS-CURRENT> 913091
<APPREC-INCREASE-CURRENT> 6427992
<NET-CHANGE-FROM-OPS> 7200387
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 559530
<NUMBER-OF-SHARES-REDEEMED> 459943
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 8667538
<ACCUMULATED-NII-PRIOR> 5729
<ACCUMULATED-GAINS-PRIOR> (131783)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 159566
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 275246
<AVERAGE-NET-ASSETS> 15958415
<PER-SHARE-NAV-BEGIN> 11.18
<PER-SHARE-NII> (0.12)
<PER-SHARE-GAIN-APPREC> 6.71
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.77
<EXPENSE-RATIO> 1.62
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0098764889
<NAME> GABELLI WESTWOOD FUNDS
<SERIES>
<NUMBER> 6
<NAME> GABELLI WESTWOOD REALTY FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> OCT-1-1998
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 2092517
<INVESTMENTS-AT-VALUE> 1755403
<RECEIVABLES> 113322
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 5303
<TOTAL-ASSETS> 1874028
<PAYABLE-FOR-SECURITIES> 35000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 55167
<TOTAL-LIABILITIES> 90167
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2345314
<SHARES-COMMON-STOCK> 234374
<SHARES-COMMON-PRIOR> 215231
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (224339)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (337114)
<NET-ASSETS> 1783861
<DIVIDEND-INCOME> 112015
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 28880
<NET-INVESTMENT-INCOME> 83135
<REALIZED-GAINS-CURRENT> (205910)
<APPREC-INCREASE-CURRENT> 8039
<NET-CHANGE-FROM-OPS> (114736)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 71254
<DISTRIBUTIONS-OF-GAINS> 13527
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 88324
<NUMBER-OF-SHARES-REDEEMED> 76095
<SHARES-REINVESTED> 6914
<NET-CHANGE-IN-ASSETS> (30871)
<ACCUMULATED-NII-PRIOR> 11473
<ACCUMULATED-GAINS-PRIOR> (43551)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 19298
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 70800
<AVERAGE-NET-ASSETS> 1924679
<PER-SHARE-NAV-BEGIN> 8.43
<PER-SHARE-NII> 0.22
<PER-SHARE-GAIN-APPREC> (0.81)
<PER-SHARE-DIVIDEND> (0.23)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.61
<EXPENSE-RATIO> 1.60
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0098764889
<NAME> THE GABELLI WESTWOOD MIGHTY MITES FUND
<SERIES>
<NUMBER> 7
<NAME> WESTWOOD MIGHTY MITES FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> OCT-01-1998
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 9193502
<INVESTMENTS-AT-VALUE> 9825255
<RECEIVABLES> 449917
<ASSETS-OTHER> 515
<OTHER-ITEMS-ASSETS> 34310
<TOTAL-ASSETS> 10309997
<PAYABLE-FOR-SECURITIES> 77330
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 27293
<TOTAL-LIABILITIES> 27293
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8344061
<SHARES-COMMON-STOCK> 790520
<SHARES-COMMON-PRIOR> 498593
<ACCUMULATED-NII-CURRENT> 60257
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1169303
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 631753
<NET-ASSETS> 10205374
<DIVIDEND-INCOME> 78335
<INTEREST-INCOME> 70979
<OTHER-INCOME> 0
<EXPENSES-NET> 77014
<NET-INVESTMENT-INCOME> 72301
<REALIZED-GAINS-CURRENT> 1169303
<APPREC-INCREASE-CURRENT> 891554
<NET-CHANGE-FROM-OPS> 2133158
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 46367
<DISTRIBUTIONS-OF-GAINS> 955
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2294614
<NUMBER-OF-SHARES-REDEEMED> 2007020
<SHARES-REINVESTED> 4333
<NET-CHANGE-IN-ASSETS> 5366987
<ACCUMULATED-NII-PRIOR> 24826
<ACCUMULATED-GAINS-PRIOR> 955
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 77008
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 178755
<AVERAGE-NET-ASSETS> 7694814
<PER-SHARE-NAV-BEGIN> 9.70
<PER-SHARE-NII> 0.10
<PER-SHARE-GAIN-APPREC> 3.20
<PER-SHARE-DIVIDEND> 0.09
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.91
<EXPENSE-RATIO> 1.01
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0098764889
<NAME> GABELLI WESTWOOD FUNDS
<SERIES>
<NUMBER> 4
<NAME> GABELLI WESTWOOD BALANCED FUND CLASS 1
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> OCT-1-1998
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 154465035
<INVESTMENTS-AT-VALUE> 166537725
<RECEIVABLES> 1798118
<ASSETS-OTHER> 3108378
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 171444221
<PAYABLE-FOR-SECURITIES> 1213666
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 504538
<TOTAL-LIABILITIES> 1718204
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 148247057
<SHARES-COMMON-STOCK> 14172501
<SHARES-COMMON-PRIOR> 13005432
<ACCUMULATED-NII-CURRENT> 28797
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 9377473
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12072690
<NET-ASSETS> 169726017
<DIVIDEND-INCOME> 1729222
<INTEREST-INCOME> 3620898
<OTHER-INCOME> 0
<EXPENSES-NET> 1945447
<NET-INVESTMENT-INCOME> 3404673
<REALIZED-GAINS-CURRENT> 10229060
<APPREC-INCREASE-CURRENT> 3959648
<NET-CHANGE-FROM-OPS> 17593381
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3227275
<DISTRIBUTIONS-OF-GAINS> 1447392
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5762724
<NUMBER-OF-SHARES-REDEEMED> 375455
<SHARES-REINVESTED> 4424361
<NET-CHANGE-IN-ASSETS> 26919397
<ACCUMULATED-NII-PRIOR> 105135
<ACCUMULATED-GAINS-PRIOR> 655779
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1247960
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2027218
<AVERAGE-NET-ASSETS> 155528344
<PER-SHARE-NAV-BEGIN> 10.98
<PER-SHARE-NII> 0.25
<PER-SHARE-GAIN-APPREC> 1.12
<PER-SHARE-DIVIDEND> 0.25
<PER-SHARE-DISTRIBUTIONS> 0.12
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.98
<EXPENSE-RATIO> 1.20
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0098764889
<NAME> GABELLI WESTWOOD FUNDS
<SERIES>
<NUMBER> 040
<NAME> GABELLI WESTWOOD BALANCED FUND CLASS 2
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> OCT-1-1998
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 154465035
<INVESTMENTS-AT-VALUE> 166537725
<RECEIVABLES> 1798118
<ASSETS-OTHER> 3108378
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 171444221
<PAYABLE-FOR-SECURITIES> 1213666
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 504538
<TOTAL-LIABILITIES> 1718204
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 148247057
<SHARES-COMMON-STOCK> 14172501
<SHARES-COMMON-PRIOR> 13005432
<ACCUMULATED-NII-CURRENT> 28797
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 9377473
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12072690
<NET-ASSETS> 169726017
<DIVIDEND-INCOME> 1729222
<INTEREST-INCOME> 3620898
<OTHER-INCOME> 0
<EXPENSES-NET> 1945447
<NET-INVESTMENT-INCOME> 3404673
<REALIZED-GAINS-CURRENT> 10229060
<APPREC-INCREASE-CURRENT> 3959648
<NET-CHANGE-FROM-OPS> 17593381
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 192481
<DISTRIBUTIONS-OF-GAINS> 121230
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 86912
<NUMBER-OF-SHARES-REDEEMED> 21391
<SHARES-REINVESTED> 655052
<NET-CHANGE-IN-ASSETS> 26919397
<ACCUMULATED-NII-PRIOR> 105135
<ACCUMULATED-GAINS-PRIOR> 655779
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1247960
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2027218
<AVERAGE-NET-ASSETS> 10925058
<PER-SHARE-NAV-BEGIN> 10.96
<PER-SHARE-NII> 0.22
<PER-SHARE-GAIN-APPREC> 1.11
<PER-SHARE-DIVIDEND> 0.22
<PER-SHARE-DISTRIBUTIONS> 0.12
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.95
<EXPENSE-RATIO> 1.45
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0098764889
<NAME> GABELLI WESTWOOD FUNDS
<SERIES>
<NUMBER> 1
<NAME> GABELLI WESTWOOD EQUITY FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> OCT-1-1998
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 125718196
<INVESTMENTS-AT-VALUE> 155830753
<RECEIVABLES> 3851342
<ASSETS-OTHER> 22667585
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 182349680
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 25091457
<TOTAL-LIABILITIES> 25091457
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 112317566
<SHARES-COMMON-STOCK> 15028115
<SHARES-COMMON-PRIOR> 19793474
<ACCUMULATED-NII-CURRENT> 304988
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 14523112
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 30112557
<NET-ASSETS> 157258223
<DIVIDEND-INCOME> 3228944
<INTEREST-INCOME> 287468
<OTHER-INCOME> 0
<EXPENSES-NET> 2784751
<NET-INVESTMENT-INCOME> 731661
<REALIZED-GAINS-CURRENT> 15111162
<APPREC-INCREASE-CURRENT> 18690261
<NET-CHANGE-FROM-OPS> 34533084
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1202243
<DISTRIBUTIONS-OF-GAINS> 4421909
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4629734
<NUMBER-OF-SHARES-REDEEMED> 9884292
<SHARES-REINVESTED> 552034
<NET-CHANGE-IN-ASSETS> (20601024)
<ACCUMULATED-NII-PRIOR> 941080
<ACCUMULATED-GAINS-PRIOR> 3730678
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1920350
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2874057
<AVERAGE-NET-ASSETS> 189569284
<PER-SHARE-NAV-BEGIN> 8.99
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 1.72
<PER-SHARE-DIVIDEND> 0.06
<PER-SHARE-DISTRIBUTIONS> 0.23
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.46
<EXPENSE-RATIO> 1.49
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0098764889
<NAME> GABELLI WESTWOOD FUNDS
<SERIES>
<NUMBER> 010
<NAME> GABELLI WESTWOOD EQUITY FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> OCT-01-1998
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 125718196
<INVESTMENTS-AT-VALUE> 155830753
<RECEIVABLES> 3851342
<ASSETS-OTHER> 2267585
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 182349680
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 25091457
<TOTAL-LIABILITIES> 25091457
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 112317566
<SHARES-COMMON-STOCK> 15028115
<SHARES-COMMON-PRIOR> 19793474
<ACCUMULATED-NII-CURRENT> 304988
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 14523112
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 30112557
<NET-ASSETS> 157258223
<DIVIDEND-INCOME> 3228944
<INTEREST-INCOME> 287468
<OTHER-INCOME> 0
<EXPENSES-NET> 2784751
<NET-INVESTMENT-INCOME> 731661
<REALIZED-GAINS-CURRENT> 15111162
<APPREC-INCREASE-CURRENT> 18690261
<NET-CHANGE-FROM-OPS> 34533084
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6778
<DISTRIBUTIONS-OF-GAINS> 55551
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 41215
<NUMBER-OF-SHARES-REDEEMED> 110209
<SHARES-REINVESTED> 6159
<NET-CHANGE-IN-ASSETS> (20601024)
<ACCUMULATED-NII-PRIOR> 941080
<ACCUMULATED-GAINS-PRIOR> 3730678
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1920350
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2874057
<AVERAGE-NET-ASSETS> 2419231
<PER-SHARE-NAV-BEGIN> 8.97
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 1.73
<PER-SHARE-DIVIDEND> 0.03
<PER-SHARE-DISTRIBUTIONS> 0.23
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.46
<EXPENSE-RATIO> 1.74
</TABLE>
Report of Independent Accountants
To the Board of Trustees and Shareholders
of The Gabelli Westwood Funds
In planning and performing our audit of the financial statements of The
Gabelli Westwood Funds (the "Company") for the year ended September 30, 1999,
we considered its internal control, including control activities for
safeguarding securities, in order to determine our auditing procedures for
the purpose of expressing our opinion on the financial statements and to
comply with the requirements of Form N-SAR, not to provide assurance on
internal control.
The management of the Company is responsible for establishing and
maintaining internal control. In fulfilling this responsibility, estimates
and judgments by management are required to assess the expected benefits
and related costs of controls. Generally, controls that are relevant to
an audit pertain to the entity's objective of preparing financial statements
for external purposes that are fairly presented in conformity with generally
accepted accounting principles. Those controls include the safeguarding of
assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or fraud
may occur and not be detected. Also, projection of any evaluation of
internal control to future periods is subject to the risk that controls
may become inadequate because of changes in conditions or that the
effectiveness of their design and operation may deteriorate.
Our consideration of internal control would not necessarily disclose
all matters in internal control that might be material weaknesses under
standards established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the design or
operation of one or more of the internal control components does not reduce
to a relatively low level the risk that misstatements caused by error or
fraud in amounts that would be material in relation to the financial
statements being audited may occur and not be detected within a timely
period by employees in the normal course of performing their assigned
functions. However, we noted no matters involving internal control and
its operation, including controls for safeguarding securities, that we
consider to be material weaknesses as defined above as of
September 30, 1999.
This report is intended solely for the information and use of the Board
of Trustees, management and the Securities and Exchange Commission and is
not intended to be and should not be used by anyone other than these
specified parties.
November 8, 1999
2
2
