<PAGE> PAGE 1
000 B000000 09/30/96
000 C000000 877670
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 J000000 A
001 A000000 GABELLI EQUITY SERIES FUNDS, INC.
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002 D020000 1434
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007 C020100 THE GABELLI SMALL CAP GROWTH FUND
007 C030100 N
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007 C020200 THE GABELLI EQUITY INCOME FUND
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007 C010400 4
007 C010500 5
007 C010600 6
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007 C010800 8
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008 D01AA01 RYE
008 D02AA01 NY
008 D03AA01 10580
008 D04AA01 1434
010 A00AA01 FURMAN SELZ LLC
010 B00AA01 8-17741
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10017
011 A00AA01 GABELLI & COMPANY, INC.
011 B00AA01 8-21373
<PAGE> PAGE 2
011 C01AA01 RYE
011 C02AA01 NY
011 C03AA01 10580
011 C04AA01 1434
012 A00AA01 STATE STREET BANK AND TRUST COMPANY
012 B00AA01 85-05003
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02171
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10172
014 A00AA01 GABELLI & COMPANY, INC.
014 B00AA01 8-21373
014 A00AA02 IFG NETWORK SECURITIES
014 B00AA02 8-37937
014 A00AA03 KEELEY INVESTMENT CORP
014 B00AA03 8-20353
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
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020 B000005 13-3680184
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<PAGE> PAGE 3
020 B000008 94-2524501
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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SIGNATURE DONALD E. BROSTROM
TITLE ASSISTANT TREASURER
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<NAME> THE GABELLI SMALL CAP GROWTH FUND
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