GABELLI GLOBAL SERIES FUNDS INC
497, 1996-08-23
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                       GABELLI GLOBAL SERIES FUNDS, INC.
                   Supplement to Prospectus Dated May 1, 1996

     Effective August 12, 1996 The Gabelli Global Telecommunications Fund
minimum initial investment is $1,000 for all accounts. No initial minimum
investment is required for accounts establishing an automatic investment plan.

August 12, 1996

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