GABELLI INVESTOR FUNDS INC
497J, 1997-05-02
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<PAGE>   1
Gabelli Funds, Inc.
One Corporate Center
Rye, New York 10580


May 2, 1997

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549


        Re:  The Gabelli Investor Funds, Inc. (the "Fund")
             File Nos. 33-54016/811-7326

Ladies and Gentlemen:

        Pursuant to Rule 497(j) under the Securities Act of 1933, we hereby
certify on behalf of The Gabelli Investor Funds, Inc. (the "Fund"),
that the form of Prospectus and Statement of Additional Information that would
have been filed under Rule 497(c) on behalf of the Fund, does not differ from
those contained in Post-Effective Amendment No. 7 which was filed on April 30,
1997. The text of Post-Effective Amendment No. 7 was filed electronically.

        Please do not hesitate to contact the undersigned at (914) 912-5105 if
you have questions regarding this certification.



Very truly yours,

GABELLI FUNDS, INC.

/s/ Bruce Alpert 
Bruce Alpert 
Vice President & Treasurer


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