Filed Pursuant to Rule 497(e)
Registration No. 033-61254
GABELLI CAPITAL SERIES FUNDS, INC.
(the “Company”)
Gabelli Capital Asset Fund
Supplement dated December 1, 2011 to the Company’s Statement of Additional Information dated April
29, 2011, as supplemented June 29, 2011
Effective as of the close of business on November 30, 2011, Bruce N. Alpert has been appointed
as the Company’s Acting Chief Compliance Officer.
In addition, the “Officers” table on page 17 of the “Directors and Officers” section is amended by
deleting the information relating to Peter D. Goldstein, who has resigned as Chief Compliance
Officer of the Company, and amending the information relating to Bruce N. Alpert with the
following:
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| Name, Position(s), |
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Term of Office |
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| Address |
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and Length of Time |
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Principal Occupation(s) |
| and Age |
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Served |
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During Past Five Years |
Bruce N. Alpert
President and Secretary
Acting Chief Compliance Officer
Age: 59
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Since 1995
Since November 30, 2011
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Executive Vice
President and Chief
Operating Officer of
Gabelli Funds, LLC
since 1988; Officer of
all of the registered
investment companies
in the Gabelli/GAMCO
Funds Complex;
Director of Teton
Advisors, Inc. since
1998; Chairman of
Teton Advisors, Inc.
2008 - 2010;
President of Teton
Advisors, Inc. 1998 -
2008; Senior Vice
President of GAMCO
Investors, Inc. since
2008. |