<PAGE> 1
U.S. 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 GLOBAL SERIES FUNDS, INC.
2. Name of each series or class of funds for which this notice is filed:
Gabelli Global Telecommunications Fund
Gabelli Global Convertible Securities Fund
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:
DECEMBER 31, 1996
5. Check box if this notice is being filed more than 180 days after the close of
the issuer's fiscal year for purpose 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 had 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:
None
8. Number and amount of securities registered during the fiscal year other than
pursuant to rule 24f-2:
None
9. Number and aggregate sale price of securities sold during the fiscal year:
Shares 3,602,984
Price $43,157,082
<PAGE> 2
10. Number and aggregate sale price of securities sold during the fiscal year in
reliance upon registration pursuant to rule 24f-2:
Shares 3,602,984
Price $43,157,082
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 1,063,776
Price $11,987,401
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal
year in reliance on rule 24f-2 (from Item 10): $ 43,157,082
------------
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11,
if applicable): $ 11,987,401
------------
(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): $ 73,934,438
------------
(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): <18,789,955>
------------
(vi) Multiplier prescribed by Section 6(b) of the Securities
Act of 1933 or other applicable law or regulation
(see Instruction C.6): .00030303
------------
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]: $0.00
------------
Instruction: Issuers should complete lines (ii), (iii), (iv) and (v) only if
the form is being filed within 60 days after the close of the issuer's fiscal
year. See Instruction C.3.
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 (17 CFR 202.3a).
[ ]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository:
SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
By (Signature and Title)* /s/ THERESA DONOVAN
------------------------------------
Theresa Donovan, Assistant Secretary
------------------------------------
Date February 24, 1997
- ----------------------
* Please print the name and title of the signing officer below the signature.
<PAGE> 1
February 27 1997
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
5, 1994;
2. A Certificate of the Assistant Corporate Secretary of the
Company dated as of February 27, 1997 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, 1997 certifying, among other things, that the Company issued
certain shares of its capital stock during the period beginning January 1, 1996
and ended December 31, 1996 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
<PAGE> 2
Gabelli Global Series Funds, Inc.
February 27, 1997
Page 2
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: (1) all of the 3,059,110 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, 1996 through December 31, 1996 and which are being registered
by the Company under Rule 24f-2 pursuant to the accompanying Rule 24f-2 Notice,
were legally issued, and are fully paid and non-assessable; (ii) all of the
1,263,227 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, 1996 through
December 31, 1996 and which are being registered by the Company under Rule 24f-2
pursuant to the accompanying Rule 24f-2 Notice, were legally issued, and are
fully paid and non-assessable; and (iii) all of the 344,423 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, 1996 through December 31, 1996 and which
are being registered by the Company under Rule 24f-2 pursuant to the
accompanying Rule 24f-2 Notice, 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
-------------------
John B. Frisch
Principal
