GABELLI VALUE FUND INC, 497J, 1996-05-03

GABELLI VALUE FUND INC
497J, 1996-05-03

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May 3, 1996



VIA EDGAR

Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, DC  20549

Attention:	Office of Filings, Information & Consumer Services

Re:		The Gabelli Value Fund, Inc. (the "Fund")
		File Nos. 33-30139/811-5848				

Dear Sir or Madam:

		Pursuant to Rule 497(j) under the Securities Act of 
1933, as amended, please accept this letter as certification 
that the Prospectus and Statement of Additional Information 
for the above-referenced Fund, does not differ from that 
contained in Post-Effective Amendment No. 10 (the "Amendment") 
to the Fund's Registration Statement on Form N-1A.  This 
Amendment was filed electronically on April 29, 1996 
(Accession # 00000927405-96-000185).

		Any comments on this filing should be directed to 
the undersigned at (617) 248-3478.

		Please return an electronic transmittal as evidence 
of your receipt of this filing.

	

Very truly yours,


/s/ Teresa M.R. Hamlin
Teresa M.R. Hamlin
Staff Counsel

cc:	B. Alpert
	J. McKee, Esq.
	D. Schloendorn, Esq.
	J. Tedesco, Esq.
	







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