The Gabelli Global Small and Mid Cap Value Trust
One Corporate Center
Rye, New York 10580-1422
April 15, 2016
VIA EDGAR
Patrick Scott
Senior Counsel – Office of Disclosure and Review
Division of Investment Management
U.S. Securities and Exchange Commission
100 F Street N.E.
Washington, DC 20549
| RE: | The Gabelli Global Small and Mid Cap Value Trust |
| (File Nos. 333-207415 & 811-22884) |
Dear Mr. Scott:
Pursuant to Rule 461 of the General Rules and Regulations under the Securities Act of 1933, as amended, The Gabelli Global Small and Mid Cap Value Trust (the “Registrant”) hereby requests that the effectiveness of the above-referenced Registration Statement on Form N-2 be accelerated so that it may become effective by 4:00 p.m., Washington, D.C. time, on April 18, 2016, or as soon thereafter as reasonably practicable.
In connection with this request, the Registrant acknowledges that:
| (a) | should the Securities and Exchange Commission (the “Commission”) or its staff, acting pursuant to delegated authority, declare the above-referenced Registration Statement effective, it does not foreclose the Commission from taking any action with respect to such Registration Statement; |
| (b) | the action of the Commission or its staff, acting pursuant to delegated authority in declaring the above-referenced Registration Statement effective, does not relieve the Registrant from its full responsibility for the adequacy and accuracy of the disclosure contained in such Registration Statement; and |
| (c) | the Registrant may not assert this action as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. |
Very truly yours,
THE GABELLI GLOBAL SMALL AND MID CAP VALUE TRUST
| By: | /s/ Bruce N. Alpert | |
| Name: |
Bruce N. Alpert | |
| Title: |
President |