GABELLI GLOBAL SERIES FUNDS INC
497, 1995-06-19
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                       GABELLI GLOBAL SERIES FUNDS, INC.

               Supplement to Statement of Additional Information
                               Dated May 1, 1995

     On May 17, 1995, the shareholders of The Gabelli Global  Telecommunications
Fund approved the Rule 12b-1 Plan of  Distribution  a full  description of which
appears on page 13 of the Prospectus.



May 17, 1995



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