THE GABELLI
WESTWOOD FUNDS
One
Corporate Center
Rye, New
York 10580-1434
Telephone:
1-800-GABELLI (1-800-422-3554)
http://www/
gabelli.com/westwood
Supplement
to Retail Class Prospectus, dated
December
21, 1998
GABELLI
WESTWOOD MIGHTY MITES(SM) FUND
For the fiscal year ending September 30, 2000, the Adviser will voluntarily
waive its investment advisory fees and/or reimburse expenses for the Mighty
Mites(SM) Fund to the extent necessary to maintain the Total Fund Operating
Expenses at 1.50% of average daily net assets on an annualized basis.
910723.1
