UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
Read instructions at end of Form before preparing Form. Please
print or type.
1. Name and address of issuer:
Gabelli Capital Series Funds, Inc.
One Corporate Center
Rye, New York 10580-1434
2. The name of each series or class of securities for which
this Form is filed (If the Form is being filed for all series and
classes of securities of the issuer, check the box but do not
list series or classes): X
3. Investment Company Act File Number:
811-7644
Securities Act File Number:
33-61254
4(a). Last day of fiscal year for which this Form is filed:
December 31, 1998
4(b). ? Check box if this Form is being filed late (i.e.,
more than 90 calendar days after the end of the issuer's fiscal
year). (See Instruction A.2)
Note: If the Form is being filed late, interest must be paid on
the registration fee due.
4(c). ? Check box if this is the last time the issuer will be
filing this Form.
5. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the
fiscal year pursuant to section 24(f)*: $5,577,397
(ii) Aggregate price of securities redeemed or
repurchased during the fiscal year**: $1,810,194
(iii) Aggregate price of securities redeemed or
repurchased during any prior fiscal year ending
no earlier than October 11, 1995 that were not
previously used to reduce registration fees
payable to the Commission: $0
(iv) Total available redemption credits (add Items
5(ii) and 5(iii): $1,810,194
(v) Net sales - if Item 5(i) is greater than Item 5(iv)
[subtract Item 5(iv) from Item 5(i)]: $3,767,203
(vi) Redemption credits available for use in future
years - if Item 5(i) is less than Item 5(iv)
[subtract Item 5(iv) from Item 5(i)]: $ (0)
(vii) Multiplier for determining registration fee (See
Instruction C.9): x.000278
(viii) Registration fee due [multiply Item 5(v) by
Item
5(vii)] (enter "0" if no fee is due): =$1,047.28
* Does not include aggregate sales of $75,869,898 that
occurred during the fiscal year to unmanaged accounts whose
interests are registered under the Securities Act of 1933,
as amended (the Securities Act), and for which
registration fees have been or will be paid. Accordingly,
aggregate sales of $81,447,295 occurred during the fiscal
year in reliance upon registration pursuant to Rule 24f-2.
** Does not include aggregate redemptions of
$34,518,987 that occurred during the fiscal year to
unmanaged accounts whose interests are registered under the
Securities Act. Accordingly, aggregate redemptions of
$36,329,181 occurred during the fiscal year ended December
31, 1998.
6. Prepaid Shares
If the response to Item 5(i) was determined by deducting an
amount of securities that were registered under the Securities
Act pursuant to rule 24e-2 as in effect before October 11, 1997,
then report the amount of securities (number of shares or other
units) deducted here:_0_____. If there is a number of shares or
other units that were registered pursuant to rule 24e-2 remaining
unsold at the end of the fiscal year for which this Form is filed
that are available for use by the issuer in future fiscal years,
then state that number here:_0_____.
7. Interest due - if this Form is being filed more than 90
days after the end of the issuer's fiscal year (see instruction
D): +$0
8. Total of the amount of the registration fee due plus any
interest due
[line 5(viii) plus line 7]: =$1,047.28
9. Date the registration fee and any interest payment was sent
to the
Commission's lockbox depository:
March 25, 1999
Method of Delivery:
X Wire Transfer
__ Mail or other means
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