<PAGE> PAGE 1
000 A000000 06/30/95
000 C000000 901246
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 CAPITAL SERIES FUNDS, INC.
001 B000000 811-7644
001 C000000 9149215070
002 A000000 ONE CORPORATE CENTER
002 B000000 RYE
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002 D010000 10580
002 D020000 1434
003 000000 Y
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006 000000 N
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007 C020100 GABELLI CAPITAL ASSET FUND
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007 C010600 6
007 C010700 7
007 C010800 8
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008 A00AA01 GABELLI FUNDS, INC.
008 B00AA01 A
008 C00AA01 801-37706
008 D01AA01 RYE
008 D02AA01 NY
008 D03AA01 10590
008 A00AA02 GUARDIAN INVESTOR SERVICES CORPORATION
008 B00AA02 A
008 C00AA02 801-99999
008 D01AA02 LEHIGH
008 D02AA02 PA
008 D03AA02 18002
010 A00AA01 THE SHAREHOLDER SERVICES GROUP
010 B00AA01 84-9999
010 C01AA01 BOSTON
010 C02AA01 MA
<PAGE> PAGE 2
010 C03AA01 02109
011 A00AA01 GABELLI & COMPANY, INC.
011 B00AA01 8-21373
011 C01AA01 RYE
011 C02AA01 NY
011 C03AA01 10590
011 A00AA02 DELETE
012 A00AA01 STATE STREET BANK AND TRUST COMPANY
012 B00AA01 85-5003
012 C01AA01 QUINCY
012 C02AA01 MA
012 C03AA01 02171
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10172
014 A00AA01 IFG NETWORK SECURITIES INC.
014 B00AA01 8-37937
014 A00AA02 KEELEY INVESTMENT CORPORATION
014 B00AA02 8-20353
014 A00AA03 GABELLI & COMPANY, INC.
014 B00AA03 8-21373
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020 C000004 0
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020 B000005 13-4946705
020 C000005 0
020 A000006 MORGAN STANLEY & CO. INC.
020 B000006 13-2655998
020 C000006 0
020 A000007 OPPENHEIMER & CO. INC.
<PAGE> PAGE 3
020 B000007 13-2798343
020 C000007 0
020 A000008 CENTOR FITZGERALD SECURITIES
020 B000008 13-2698893
020 C000008 0
020 A000009 HERZOG, HEINE, GEDOLD, INC.
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022 C000004 66
022 D000004 0
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022 C000005 40
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<PAGE> PAGE 4
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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 9
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SIGNATURE BRUCE N. ALPERT
TITLE V.PRESIDENT/TREAS
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 0
<NAME> GABELLI CAPITAL ASSET FUND
<S> <C>
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