GABELLI MONEY MARKET FUNDS, N-30B-2, 1997-06-09

GABELLI MONEY MARKET FUNDS
N-30B-2, 1997-06-09

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June 6, 1997

VIA EDGAR

Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street N.W.
Washington, DC  20549

ATTN: Office of Filings, Information and Consumer Services

	RE:	The Gabelli Money Market Funds (the "Company")
		File No. 811-6687/CIK No. 0000888129

Dear Sir or Madam:

Pursuant to Rule 30b2-1 under the Investment Company Act of 1940, 
as amended, enclosed for filing on behalf of the above-referenced 
Fund please find one (1) copy of its First Quarter Report for the 
period ended March 31, 1997.

Please send an electronic transmittal via Compuserve Mailbox 
74313, 402 as evidence of receipt of this filing.  Should you have 
any questions in regard to the foregoing, please do not hesitate 
to contact me at (617) 573-1550.

Very truly yours,

AMY S. BATTIS

Amy S. Battis
Legal Product Manager


Enclosures

cc:	B Alpert, Gabelli Funds, Inc.
	M. Diagonale, Gabelli Funds, Inc.
	D. Schloendorn, Esq.
	J. Tedesco, Esq.
	C. Dinneen, Esq.



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