THE GABELLI GLOBAL SERIES FUNDS, INC.
Supplement to Prospectus Dated May 1, 1996
The third paragraph on page 5 under the heading "The Gabelli Global
Interactive Couch Potato(R) Fund" is replaced by the Following:
Mr. Marc J. Gabelli, Portfolio Manager, is primarily responsible for the
day-to-day management of The Gabelli Global Interactive Couch Potato(R) Fund.
Mr. Gabelli is Managing Director of the Advisor, and has been an analyst with
the Advisor, Gabelli Funds, Inc. since 1993 and Associate Portfolio Manager of
The Gabelli Global Interactive Couch Potato(R) Fund since the Fund's inception.
Prior to 1993 he worked at Lehman Brothers in equity research and arbitrage.
September 10, 1996