<PAGE> PAGE 1
000 B000000 12/31/98
000 C000000 925463
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 GABELLI INTERNATIONAL GROWTH FUND, INC.
001 B000000 811-8560
001 C000000 9149215100
002 A000000 ONE CORPORATE CENTER
002 B000000 RYE
002 C000000 NY
002 D010000 10580
002 D020000 1434
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 GABELLI FUNDS, INC.
008 B000001 A
008 C000001 801-37706
008 D010001 RYE
008 D020001 NY
008 D030001 10580
008 D040001 1434
010 A000001 GABELLI FUNDS, INC.
010 B000001 801-37706
010 C010001 RYE
010 C020001 NY
010 C030001 10580
010 C040001 1434
010 A000002 BISYS FUND SERVICES
010 B000002 8-32480
010 C010002 COLUMBUS
010 C020002 OH
010 C030002 43219
<PAGE> PAGE 2
011 A000001 GABELLI & COMPANY, INC.
011 B000001 8-21373
011 C010001 RYE
011 C020001 NY
011 C030001 10580
011 C040001 1434
012 A000001 BOSTON FINANCIAL DATA SERVICES, INC.
012 B000001 85-05003
012 C010001 N. QUINCY
012 C020001 MA
012 C030001 02171
013 A000001 ERNST & YOUNG LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10172
014 A000001 GABELLI & COMPANY, INC.
014 B000001 8-21373
014 A000002 IFG NETWORK SECURITIES INC.
014 B000002 8-37937
014 A000003 KEELEY INVESTMENT CORP.
014 B000003 8-20353
015 A000001 STATE STREET BANK & TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02171
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 17
019 C000000 GABELLIGRP
020 A000001 SBC WARBURG
020 B000001 13-3340045
020 C000001 17
020 A000002 ALFRED BERG INC.
020 B000002 13-3629590
020 C000002 12
020 A000003 PICTET ET CIE GENEVA
020 C000003 11
020 A000004 ABN AMRO
020 B000004 13-3227945
020 C000004 9
020 A000005 CS FIRST BOSTON
020 B000005 13-5659485
020 C000005 6
020 A000006 WI CARR FAR EAST
020 B000006 13-2927466
020 C000006 5
020 A000007 SOCIETE GENERAL
020 B000007 13-1976032
020 C000007 5
<PAGE> PAGE 3
020 A000008 M M WARBURG HAMBURG
020 C000008 4
020 A000009 NCB
020 C000009 3
020 A000010 ORD MINNET
020 B000010 13-3090476
020 C000010 3
021 000000 105
022 A000001 STATE STREET BANK & TRUST CO.
022 B000001 04-1867445
022 C000001 49424
022 D000001 6139
022 A000002 GX CLARKE
022 B000002 13-2969143
022 C000002 15294
022 D000002 12939
022 A000003 GOLDMAN, SACHS & CO.
022 B000003 13-5108880
022 C000003 368
022 D000003 62
022 A000004 MERRILL LYNCH INTERNATIONAL
022 B000004 13-5674085
022 C000004 306
022 D000004 7
022 A000005 DEUTSCHE MORGAN GRENFELL
022 B000005 13-2730828
022 C000005 287
022 D000005 0
022 A000006 CREDIT LYONNAIS SECS.
022 B000006 13-2602298
022 C000006 209
022 D000006 0
022 A000007 SBC WARBURG
022 B000007 13-3340045
022 C000007 177
022 D000007 0
022 A000008 ALFRED BERG INC.
022 B000008 13-3629590
022 C000008 71
022 D000008 71
022 A000009 LEHMAN BROTHERS
022 B000009 13-2518466
022 C000009 104
022 D000009 0
022 A000010 NOMURA INTERNATIONAL
022 B000010 13-2642206
022 C000010 91
022 D000010 0
023 C000000 66522
023 D000000 19250
024 000000 N
<PAGE> PAGE 4
025 A000001 DELETE
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 8522
028 A020000 0
028 A030000 0
028 A040000 4417
028 B010000 1839
028 B020000 0
028 B030000 0
028 B040000 7187
028 C010000 2856
028 C020000 0
028 C030000 0
028 C040000 4086
028 D010000 1354
028 D020000 0
028 D030000 0
028 D040000 3302
028 E010000 1243
028 E020000 0
028 E030000 0
028 E040000 775
028 F010000 1581
028 F020000 1953
028 F030000 0
028 F040000 1889
028 G010000 17395
028 G020000 1953
028 G030000 0
028 G040000 21656
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
<PAGE> PAGE 5
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 69
044 000000 137
045 000000 Y
046 000000 N
047 000000 Y
048 000000 1.000
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
<PAGE> PAGE 6
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 Y
055 B000000 Y
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 1000
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 Y
066 D000000 N
<PAGE> PAGE 7
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 Y
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 Y
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 Y
070 P010000 Y
070 P020000 Y
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 19539
071 B000000 13632
071 C000000 26468
071 D000000 52
072 A000000 12
072 B000000 39
072 C000000 470
072 D000000 0
<PAGE> PAGE 8
072 E000000 0
072 F000000 276
072 G000000 0
072 H000000 0
072 I000000 32
072 J000000 56
072 K000000 0
072 L000000 21
072 M000000 15
072 N000000 21
072 O000000 0
072 P000000 6
072 Q000000 0
072 R000000 23
072 S000000 5
072 T000000 69
072 U000000 20
072 V000000 0
072 W000000 5
072 X000000 549
072 Y000000 0
072 Z000000 -40
072AA000000 2058
072BB000000 0
072CC010000 750
072CC020000 0
072DD010000 55
072DD020000 1976
072EE000000 0
073 A010000 0.0300
073 A020000 0.0000
073 B000000 1.2300
073 C000000 0.0000
074 A000000 434
074 B000000 0
074 C000000 0
074 D000000 0
074 E000000 0
074 F000000 27024
074 G000000 6
074 H000000 0
074 I000000 0
074 J000000 258
074 K000000 0
074 L000000 56
074 M000000 30
074 N000000 27808
074 O000000 157
074 P000000 28
074 Q000000 0
074 R010000 0
<PAGE> PAGE 9
074 R020000 0
074 R030000 0
074 R040000 832
074 S000000 0
074 T000000 26791
074 U010000 1714
074 U020000 0
074 V010000 15.63
074 V020000 0.00
074 W000000 0.0000
074 X000000 2145
074 Y000000 0
075 A000000 0
075 B000000 27662
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 Q010000 Y
078 000000 N
080 A000000 NATIONAL UNION FIRE INSURANCE COMPANY
080 C000000 16450
081 A000000 Y
081 B000000 14
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE TROY STATCZAR
TITLE MANAGER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000925463
<NAME> GABELLI INTERNATIONAL GROWTH FUND, INC.
<SERIES>
<NUMBER> 00
<NAME> GABELLI INTERNATIONAL GROWTH FUND, INC.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 23309125
<INVESTMENTS-AT-VALUE> 27030140
<RECEIVABLES> 314425
<ASSETS-OTHER> 463724
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 27808289
<PAYABLE-FOR-SECURITIES> 156640
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 860841
<TOTAL-LIABILITIES> 1017481
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23097444
<SHARES-COMMON-STOCK> 1713933
<SHARES-COMMON-PRIOR> 1259160
<ACCUMULATED-NII-CURRENT> 307
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 24988
<ACCUM-APPREC-OR-DEPREC> 3718045
<NET-ASSETS> 26790808
<DIVIDEND-INCOME> 469917
<INTEREST-INCOME> 38713
<OTHER-INCOME> 0
<EXPENSES-NET> 548595
<NET-INVESTMENT-INCOME> (39965)
<REALIZED-GAINS-CURRENT> 2058312
<APPREC-INCREASE-CURRENT> 749979
<NET-CHANGE-FROM-OPS> 2768326
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 54801
<DISTRIBUTIONS-OF-GAINS> 1976054
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2674592
<NUMBER-OF-SHARES-REDEEMED> 2345920
<SHARES-REINVESTED> 126101
<NET-CHANGE-IN-ASSETS> 8657730
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 583
<OVERDIST-NET-GAINS-PRIOR> 11590
<GROSS-ADVISORY-FEES> 276379
<INTEREST-EXPENSE> 5551
<GROSS-EXPENSE> 548595
<AVERAGE-NET-ASSETS> 27661560
<PER-SHARE-NAV-BEGIN> 14.40
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 2.51
<PER-SHARE-DIVIDEND> 0.03
<PER-SHARE-DISTRIBUTIONS> 1.23
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.63
<EXPENSE-RATIO> 1.98
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</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, 1998, 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,
and 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 internal control would not
necessarily disclose all matters in 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
specific 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 internal
control and its operation, including controls
for safeguarding securities, that we consider to be material
weaknesses as defined above at December 31, 1998.
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 and is not
intended to be and should not be used by anyone other than
these specified parties.
ERNST & YOUNG LLP
February 12, 1999
