GABELLI GLOBAL SERIES FUNDS INC
497, 2000-09-13
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                           GABELLI GLOBAL SERIES FUNDS, INC.
                                   (the "Company")

                         Supplement dated September 13, 2000
                          to Prospectus dated March 9, 2000

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

     Effective  September 13, 2000,  The Gabelli  Global  Opportunity  Fund (the
"Global  Opportunity  Fund") is managed by an investment team (the  "Opportunity
Investment  Team") headed by Marc J. Gabelli and Caesar Bryan.  Messrs.  Gabelli
and  Bryan  are  primarily  responsible  for  the  investment  decisions  of the
Opportunity Investment Team and the overall management of the Global Opportunity
Fund's portfolio.

     Effective  September 13, 2000,  The Gabelli Global  Convertible  Securities
Fund (the "Global Convertible Securities Fund") is managed by an investment team
(the  "Convertible  Investment  Team") headed by A.  Hartswell  Woodson III. Mr.
Woodson is primarily responsible for the investment decisions of the Convertible
Investment Team and the overall management of the Global Convertible  Securities
Fund's portfolio.

     This Supplement supersedes the Supplement dated September 1, 2000
               to the Company's Prospectus dated March 9, 2000





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