May 5, 1998
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/Madam:
Pursuant to Rule 497(j) under the Securities Act of 1933, as amended, please
accept this letter as certification that the Statement of Additional
Information for the above-named
Fund, does not differ from that contained in Post-Effective Amendment No. 12
(the "Amendment") to the Fund's Registration Statement on Form N-1A. This
Amendment was filed electronically on April 30, 1998
(Accession # 0000927405-98-000143).
Should you have any comments on this filing, please contact the undersigned at
(617) 573-1556. Please return an electronic transmittal as evidence of your
receipt of this filing.
Sincerely,
/s/Julie A. Tedesco
Julie A. Tedesco
Counsel
cc: B. Alpert
M. McKee
D. Schloendorn
P. Gilligan
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