U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 24f-2
ANNUAL NOTICE OF SECURITIES SOLD
PURSUANT TO RULE 24f-2
1. Name and address of issuer: Gabelli Global Series Funds, Inc.
One Corporate Center
Rye, NY 10580
2. Name of each series or class of funds for which this notice
is filed:
The Gabelli Global Telecommunications Fund
The Gabelli Global Convertible Securities Fund
The Gabelli Global Interactive Couch Potato Fund
3. Investment Company Act File Number: 811-7896
Securities Act File Number: 33-66262
4. Last day of fiscal year for which this notice is filed:
Dec. 31, 1995
5. Check box if this notice is being filed more than 180 days
after the close of the issuer's fiscal year for purposes of
reporting securities sold after the close of the fiscal year
but before termination of the issuer's 24f-2 declaration:
[ ]
6. Date of termination of issuer's declaration under rule 24f-
2(a)(1), if applicable (see instruction A.6):
7. Number and amount of securities of the same class or series
which has been registered under the Securities Act of 1933
other than pursuant to Rule 24f-2 in a prior fiscal year,
but which remained unsold at the beginning of the fiscal
year: 0
8. Number and amount of securities registered during the fiscal
year other than pursuant to Rule 24f-2: 0
9. Number and aggregate sale price of securities sold during
the fiscal year:
SHARES SALE PRICE
The Gabelli Global Telecommunications Fund 2,039,537 21,055,961
The Gabelli Global Convertible Securities Fund 464,817 4,735,331
The Gabelli Global Interactive Couch Potato Fund 781,367 8,799,008
TOTAL 3,285,721 34,590,300
10. Number and aggregate sale price of securities sold during the
fiscal year in reliance upon registration pursuant to Rule
24f-2:
SHARES SALE PRICE
The Gabelli Global Telecommunications Fund 2,039,537 21,055,961
The Gabelli Global Convertible Securities Fund 464,817 4,735,331
The Gabelli Global Interactive Couch Potato Fund 781,367 8,799,008
TOTAL 3,285,721 34,590,300
11. Number and aggregate sale price of securities issued during
the fiscal year in connection with dividend reinvestment
plans, if applicable (see instruction B.7):
SHARES SALE PRICE
The Gabelli Global Telecommunications Fund 170,930 1,900,751
The Gabelli Global Convertible Securities Fund 48,399 522,244
The Gabelli Global Interactive Couch Potato Fund 77,654 910,107
TOTAL 296,983 3,333,102
12. Calculation of registration fees:
(i) Aggregate sale price of securities
sold during the fiscal year in
reliance on 24f-2 (from item 10): $34,590,300
(ii) Aggregate price of shares issued in
connection with dividend
reinvestment plans (from item 11, if
applicable): + 3,333,102
(iii) Aggregate price of shares redeemed
or repurchased during the fiscal year: - 68,221,282
Global Telecommunicati ons Fund 54,800,190
Global Convertible Securities Fund 6,628,434
Global Interactive Couch Potato Fund 6,792,658
TOTAL - 68,221,282
(iv) Aggregate price of shares redeemed
or repurchased and previously
applied as a reduction to filing
fees pursuant to Rule 24e-2 (if
applicable): + 0
(v) Net aggregate price of securities sold
and issued during the fiscal year in
reliance on Rule 24f-2 [line (i), plus
line (ii), less line (iii), plus
line (iv)] (if applicable): (30,297,880)
(vi) Multiplier prescribed by Section
6(b) of the Securities Act of 1933
or other applicable law or
regulation (see instruction C.6): x 0.00034483
(vii) Fee due [line (i) or line (v)
multiplied by line (vi)]: $0.00
13. Check box if fees are being remitted to the Commission's
lockbox depository as described in section 3A of the
Commission's Rules of Informal and Other Procedures (17CFR
202.3A). [ ]
Date for mailing or wire transfer of filing fees to the
Commission's Lockbox directory:
This report has been signed below-by the following persons on
behalf of the issuer and in the capacities and on the date
indicated.
By (Signature and Title)*
SIGNATURES
/s/ Sheryl Hirshfeld
Sheryl Hirschfeld
Assistant Secretary
Date: FEBRUARY 28, 1996
MILES & STOCKBRIDGE
10 LIGHT STREET
BALTIMORE, MARYLAND 21202-1487
TELEPHONE 410-727-6464
FAX 410-385-3700
February 28, 1996
Gabelli Global Series Funds, Inc.
One Corporate Center
Rye, New York 10580
Ladies and Gentlemen:
We have acted as special Maryland counsel to
Gabelli Global Series Funds, Inc., a Maryland corporation
(the "Company"), in connection with the filing by the
Company of a Rule 24f-2 Notice, as such term is defined
in the Investment Company Act of 1940, as amended, dated
of even date with this letter. We have prepared this
opinion letter as attorneys admitted to practice law in
the State of Maryland, and we express no opinion
regarding the laws of any jurisdiction other than the
State of Maryland.
In our capacity as special Maryland counsel to
the Company and for the purpose of rendering the opinions
expressed herein, we have examined originals or copies of
the following documents:
1. The Articles of Incorporation of the
Company filed with the Maryland State Department of
Assessments and Taxation ("SDAT") on July 16, 1993, the
Articles of Amendment of the Company filed with SDAT on
October 1, 1993 and the Articles Supplementary of the
Company filed with SDAT on January 6, 1994;
2. A Certificate of the Assistant Corporate
Secretary of the Company dated as of February 27, 1996
and the exhibits thereto, which exhibits include, among
other things, the By-Laws of the Company and copies of
certain resolutions adopted by the Board of Directors of
the Company; and
3. A Certificate of the Assistant Treasurer
of the Company dated as of February 27, 1996 certifying,
among other things, that the Company issued certain
shares of its capital stock during the period beginning
January 1, 1995 and ended December 31, 1995 against
payment therefor in accordance with the Charter and By-
Laws of the Company and certain resolutions of the Board
of Directors of the Company authorizing their issuance.
In rendering the opinions expressed in this
letter, we have assumed that all of the documents
submitted to us as originals are authentic, all of the
documents submitted as certified or photostatic copies
conform to the original documents, all of the signatures
on all of the documents submitted to us for examination
are genuine, all natural persons who executed any of the
documents or certificates that we have reviewed or relied
upon had legal capacity at the time of such execution,
and all public records reviewed by us are accurate and
complete. Moreover, in rendering the opinions expressed
within this letter, we relied as to certain factual
matters upon the Certificate of the Assistant Corporate
Secretary of the Company and the Certificate of the
Assistant Treasurer of the Company and made no
independent investigation or inquiry regarding the
matters set forth therein.
Based upon the foregoing, and subject to the
foregoing assumptions, it is our opinion that: (i) the
2,210,467 shares of the capital stock of the Company,
designated as "The Gabelli Global Telecommunications Fund
Stock," par value $.001 per share, which are being
reported by the Company on the accompanying Rule 24f-2
Notice as having been issued by the Company during the
period January 1, 1995 through December 31, 1995 were
legally issued, and are fully paid and non-assessable;
(ii) the 859,019 shares of the capital stock of the
Company, designated as "The Gabelli Global Interactive
Couch Potato Fund Stock," par value $.001 per share,
which are being reported by the Company on the
accompanying Rule 24f-2 Notice as having been issued by
the Company during the period January 1, 1995 through
December 31, 1995 were legally issued, and are fully paid
and non-assessable; and (iii) the 513,216 shares of the
capital stock of the Company, designated as "The Gabelli
Global Convertible Securities Fund Stock," par value
$.001 per share, which are being reported by the Company
on the accompanying Rule 24f-2 Notice as having been
issued by the Company during the period January 1, 1995
through December 31, 1995 were legally issued, and are
fully paid and non-assessable.
The opinions expressed in this letter are based
on the laws of the State of Maryland in effect on the
date hereof. The opinions expressed herein are limited
to the matters set forth in this letter, and no other
opinion should be inferred beyond the matters expressly
stated. This letter and the opinions expressed herein
are being furnished by us to you solely for your benefit
and may not be relied upon or otherwise referred to by
any other person or for any other purpose without our
prior written consent. Notwithstanding the foregoing, we
hereby consent to the filing of this opinion with the
Securities and Exchange Commission in connection with the
filing of the Company's Rule 24f-2 Notice pursuant to the
Investment Company Act of 1940.
Very truly yours,
Miles & Stockbridge,
a Professional Corporation
By /s/ John B. Frisch
Principal
