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SIGNATURE TRACIE PERSINGER
TITLE MANAGER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000925463
<NAME> GABELLI INTERNATIONAL GROWTH FUND, INC.
<SERIES>
<NUMBER> 1
<NAME> GABELLI INTERNATIONAL GROWTH FUND, INC.
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 15,440,605
<INVESTMENTS-AT-VALUE> 18,408,110
<RECEIVABLES> 615,305
<ASSETS-OTHER> 107,745
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 19,131,160
<PAYABLE-FOR-SECURITIES> 5,591
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 992,491
<TOTAL-LIABILITIES> 998,082
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15,177,185
<SHARES-COMMON-STOCK> 1,259,160
<SHARES-COMMON-PRIOR> 955,129
<ACCUMULATED-NII-CURRENT> (583)
<OVERDISTRIBUTION-NII> 0
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,968,066
<NET-ASSETS> 18,133,078
<DIVIDEND-INCOME> 300,054
<INTEREST-INCOME> 18,354
<OTHER-INCOME> 0
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<NET-INVESTMENT-INCOME> (157,817)
<REALIZED-GAINS-CURRENT> (3,387)
<APPREC-INCREASE-CURRENT> 1,523,689
<NET-CHANGE-FROM-OPS> 1,362,485
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<DISTRIBUTIONS-OF-GAINS> 0
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</TABLE>
Report of Independent Auditors
To the Shareholders and Board of Directors of
Gabelli International Growth Fund, Inc.
In planning and performing our audit of the financial
statements of Gabelli International Growth Fund, Inc. for
the year ended December 31, 1997, we considered its internal
control, including control activities for safeguarding
securities, in order to determine our auditing procedures
for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-
SAR, not to provide assurance on the internal control.
The management of Gabelli International Growth Fund, Inc. is
responsible for establishing and maintaining internal
control. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected
benefits and related costs of controls. Generally, controls
that are relevant to an audit pertain to the entity's objective of
preparing financial statements for external purposes that are
fairly presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of assets
against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or
fraud may occur and not be detected. Also, projection of any
evaluation of internal
control to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.
Our consideration of the internal control would not necessarily
disclose all matters in the internal control that might be material
weaknesses under standards established by the American Institute of
Certified Public Accountants. A material weakness is a condition
in which the design or operation of one or more of the internal
control components does not reduce
to a relatively low level the risk that errors or fraud in amounts
that would be material in relation to the financial statements
being audited may occur and not be detected within a timely period
by employees in the normal course of performing their assigned
functions. However, we noted no matters involving the internal
control and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as defined
above at December 31, 1997.
This report is intended solely for the information and use of the
Board of Directors and management of Gabelli International Growth
Fund, Inc. and the Securities and Exchange Commission.
ERNST & YOUNG LLP
New York, New York
Febru
ary
13,
1998
