GABELLI EQUITY SERIES FUNDS INC
NSAR-A, 1999-05-28
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<PAGE>      PAGE  1
000 A000000 03/31/99
000 C000000 877670
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 GABELLI EQUITY SERIES FUNDS, INC.
001 B000000 811-06367
001 C000000 9149215100
002 A000000 ONE CORPORATE CENTER
002 B000000 RYE
002 C000000 NY
002 D010000 10580
002 D020000 1434
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 THE GABELLI SMALL CAP GROWTH FUND
007 C030100 N
007 C010200  2
007 C020200 THE GABELLI EQUITY INCOME FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 GABELLI FUNDS, LLC
008 B00AA01 A
008 C00AA01 801-47568
008 D01AA01 RYE
008 D02AA01 NY
008 D03AA01 10580
008 D04AA01 1434
010 A00AA01 GABELLI FUNDS, LLC
010 B00AA01 8-21373
010 C01AA01 RYE
010 C02AA01 NY
010 C03AA01 10580
010 C04AA01 1434
010 A00AA02 BISYS FUND SERVICES LP
<PAGE>      PAGE  2
010 B00AA02 8-17741
010 C01AA02 COLUMBUS
010 C02AA02 OH
010 C03AA02 43219
010 C04AA02 8000
011 A00AA01 GABELLI & COMPANY, INC.
011 B00AA01 8-21373
011 C01AA01 RYE
011 C02AA01 NY
011 C03AA01 10580
011 C04AA01 1434
012 A00AA01 BOSTON FINANCIAL DATA SERVICES INC.
012 B00AA01 85-05003
012 C01AA01 NORTH QUINCY
012 C02AA01 MA
012 C03AA01 02171
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10019
014 A00AA01 GABELLI & COMPANY, INC.
014 B00AA01 8-21373
014 A00AA02 KEELEY INVESTMENT CORP.
014 B00AA02 8-20353
014 A00AA03 DELETE
015 A00AA01 STATE STREET BANK AND TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02171
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   17
019 C00AA00 GABELLIGRP
020 A000001 GABELLI & COMPANY, INC.
020 B000001 13-2885006
020 C000001    106
020 A000002 INSTINET CORP.
020 B000002 13-3443395
020 C000002     18
020 A000003 ASIEL & CO.
020 B000003 13-4933080
020 C000003     18
020 A000004 BURNHAM SERCURITIES, INC.
020 B000004 13-3435435
020 C000004      4
020 A000005 LEHMAN BROTHERS, INC.
020 B000005 13-2518466
020 C000005      3
020 A000006 ROBERTSON & STEPHENS
<PAGE>      PAGE  3
020 B000006 94-2524501
020 C000006      3
020 A000007 LIPPER ANALYTICAL
020 B000007 13-2792478
020 C000007      3
020 A000008 BEAR STEARNS & CO., INC.
020 B000008 13-3299429
020 C000008      2
020 A000009 NEEDHAM & COMPANY, INC.
020 B000009 13-3255839
020 C000009      2
020 A000010 ALLEN & CO.
020 B000010 13-6176976
020 C000010      1
021  000000      172
022 A000001 STATE STREET BANK & TRUST CO.
022 B000001 04-1867445
022 C000001    128219
022 D000001     14370
022 A000002 G.X. CLARKE
022 B000002 13-2969143
022 C000002     42481
022 D000002     31967
022 A000003 SPEAR, LEEDS & KELLOGG
022 B000003 13-5515160
022 C000003      5347
022 D000003      6656
022 A000004 HERZOG, HEINE, GEDULD, INC.
022 B000004 13-1955436
022 C000004      2277
022 D000004       536
022 A000005 MERRILL LYNCH & CO., INC.
022 B000005 13-5674085
022 C000005       299
022 D000005      2012
022 A000006 TAURUS CAPITAL
022 C000006         0
022 D000006      1300
022 A000007 JEFFERIES & CO.
022 B000007 95-2622900
022 C000007         0
022 D000007      1069
022 A000008 MAYER & SCHWEITZER, INC.
022 B000008 13-2598328
022 C000008       498
022 D000008        74
022 A000009 SALOMON BROTHERS
022 B000009 13-3082694
022 C000009        18
022 D000009       514
022 A000010 CANTOR, FITZGERALD & CO.
<PAGE>      PAGE  4
022 B000010 13-3680184
022 C000010         0
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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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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SIGNATURE   TROY STATCZAR
TITLE       MANAGER


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000877670
<NAME> GABELLI EQUITY SERIES FUNDS, INC.
<SERIES>
   <NUMBER> 001
   <NAME> THE GABELLI SMALL CAP GROWTH FUND

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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000877670
<NAME> GABELLI EQUITY SERIES FUNDS, INC.
<SERIES>
   <NUMBER> 002
   <NAME> THE GABELLI EQUITY INCOME FUND

<S>                             <C>
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</TABLE>


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