GABELLI GLOBAL SERIES FUNDS, INC.
Supplement dated December 14, 1998
To Prospectus dated April 15, 1998
Fund expense information reflected on page 2 of the Company's
prospectus dated April 15, 1998 for the Gabelli Global Opportunity Fund has been
amended. The Adviser has agreed, until further notice, to voluntarily waive its
investment advisory fee of 1.00% of average daily net assets for the Gabelli
Global Opportunity Fund and reimburse expenses to the extent necessary to
maintain the Total Fund Operating Expenses at the level set forth in the table
below. The restated Fund expenses are as follows:
Annual Fund Operating Expenses (as a percentage of average daily net
assets):
Management Fees.................................... 1.00%
12b-1 Fees......................................... 0.25%
Other Expenses..................................... 1.25%
Fee Waiver and Expense Reimbursement............... 1.50%
Total Operating Expenses ...................... 1.00%
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Example: 1 Year 3 Years
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You would pay the following expenses on a $1,000
investment assuming a 5% annual return:
Gabelli Global Opportunity Fund.................. $ 10 $ 32
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The amounts listed in the example should not be considered as
representative of future expenses, and actual expenses may be greater or less
than those indicated. Moreover, while the example assumes a 5% annual return,
actual performance will vary and may result in an actual return greater or less
than 5%.
The information contained in the foregoing table is provided to assist
you in understanding the various direct and indirect costs and expenses that an
investor would bear in a fund with average assets of $20 million.
