GABELLI VALUE FUND INC
NSAR-A, 1999-08-30
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<PAGE>      PAGE  1
000 A000000 06/30/99
000 C000000 853438
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001 A000000 THE GABELLI VALUE FUND INC.
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002 A000000 ONE CORPORATE CENTER
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011 A000001 GABELLI & COMPANY, INC.
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012 A000001 BOSTON FINANCIAL DATA SERVICES, INC.
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SIGNATURE   CHARLENE LUCCHESI
TITLE       PARALEGAL



<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853438
<NAME> GABELLI VALUE FUND
<MULTIPLIER> 1

<S>                             <C>
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<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                        640055133
<INVESTMENTS-AT-VALUE>                      1024442299
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</TABLE>


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