GABELLI GLOBAL SERIES FUNDS INC
497, 2000-09-01
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                          GABELLI GLOBAL SERIES FUNDS, INC.
                         Supplement dated, September 1, 2000
                          to Prospectus dated March 9, 2000


     Effective  September 1, 2000,  The Gabelli  Global Growth Fund (the "Fund")
will be managed by an  investment  team  ("Investment  Team")  headed by Marc J.
Gabelli.  Mr. Gabelli is primarily  responsible for the investment  decisions of
the Investment Team and the overall management of the Fund's portfolio.



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