UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
Read instructions at end of Form before preparing Form. Please
print or type.
1. Name and address of issuer:
The Gabelli Value Fund Inc.
One Corporate Center
Rye, New York 10580-1434
2. The name of each series or class of securities for which
this Form is filed (If the Form is being filed for all series
and classes of securities of the issuer, check the box but do
not list series or classes): X
3. Investment Company Act File Number:
811-5848
Securities Act File Number:
33-30139
4(a). Last day of fiscal year for which this Form is filed:
December 31, 1999
4(b). ____ Check box if this Form is being filed late (i.e.,
more than 90 calendar days after the end of the issuer's
fiscal year). (See Instruction A.2)
Note: If the Form is being filed late, interest must be paid
on the registration fee due.
4(c). ____ Check box if this is the last time the issuer will
be filing this Form.
5. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the
fiscal year pursuant to section 24(f): $713,579,655
(ii) Aggregate price of securities redeemed or
repurchased during the fiscal year: $713,579,655
(iii) Aggregate price of securities redeemed or
repurchased during any prior fiscal year ending
no earlier than October 11, 1995 that were not
previously used to reduce registration fees
payable to the Commission: $0
(iv) Total available redemption credits
[add Items 5(ii) and 5(iii)]: $713,579,655
(v) Net sales - if Item 5(i) is greater than Item 5(iv)
[subtract Item 5(iv) from Item 5(i)]: $0
(vi) Redemption credits available for use in future years
- if Item 5(i) is less than Item 5(iv)
[subtract Item 5(iv) from Item 5(i)]: $(0)
(vii) Multiplier for determining registration fee
(See Instruction C.9): x.000264
(viii) Registration fee due [multiply Item 5(v)
by Item 5(vii)] (enter "0" if no fee is due):
= 0
6. Prepaid Shares
If the response to Item 5(i) was determined by deducting
an amount of securities that were registered under the
Securities Act of 1933 pursuant to rule 24e-2 as in effect
before October 11, 1997, then report the amount of securities
(number of shares or other units) deducted here: 11,964,707.
If there is a number of shares or other units that were
registered pursuant to rule 24e-2 remaining unsold at the end
of the fiscal year for which this Form is filed that are
available for use by the issuer in future fiscal years, then
state that number here: 74,836,891.
7. Interest due - if this Form is being filed more than 90
days after
the end of the issuer's fiscal year (see instruction D):
+$0
8. Total of the amount of the registration fee due plus any
interest due [line 5(viii) plus line 7]: =$0
9. Date the registration fee and any interest payment was
Sent to the Commission's lockbox depository:
Method of Delivery:
____ Wire Transfer
____ Mail or other means
SIGNATURES
This report has been signed below by the following person on
behalf of the issuer and in the capacity and on the date
indicated.
By (Signature and Title)* By: Bruce N. Alpert
Name: Bruce N. Alpert
Title: Vice President
Date March 21, 2000
* Please print the name and title of the signing officer
below the signature.
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