Gabelli
GABELLI 787 FUND, INC.
Gabelli Enterprise Mergers and
Acquisitions Fund
GABELLI ASSET FUND
GABELLI CAPITAL SERIES FUNDS, INC.
Gabelli Capital Asset Fund
COMSTOCK FUNDS,
INC.
Comstock Capital Value Fund
THE GABELLI DIVIDEND GROWTH FUND
GABELLI EQUITY SERIES
FUNDS, INC.
The Gabelli Small Cap Growth Fund
The Gabelli Equity Income Fund
The Gabelli Focus Five Fund
GAMCO GLOBAL
SERIES FUNDS, INC.
The GAMCO Global
Telecommunications Fund
The
GAMCO Global Growth Fund
The GAMCO Global Opportunity Fund
The Gabelli Global Rising Income and Dividend Fund
GABELLI GOLD FUND, INC.
THE GAMCO GROWTH FUND
GAMCO INTERNATIONAL GROWTH FUND, INC.
GABELLI INVESTORS FUNDS, INC.
The
Gabelli ABC Fund
THE GAMCO MATHERS FUND
THE
GABELLI MONEY MARKET FUNDS
The Gabelli U.S. Treasury Money Market Fund
GABELLI ESG FUND, INC.
THE GABELLI UTILITIES FUND
THE GABELLI VALUE 25 FUND INC.
THE TETON
WESTWOOD FUNDS
TETON Westwood Equity Fund
TETON Westwood Balanced Fund
TETON Westwood SmallCap Equity Fund
TETON Westwood Mighty Mites Fund
TETON Convertible Securities Fund
TETON Westwood Intermediate Bond Fund
TETON Westwood Mid-Cap Equity Fund
(each, a
“Fund” and collectively, the “Funds”)
Supplement dated March 13, 2017, to Each Fund’s Statement of
Additional Information
Effective immediately, John C. Ball, age 41, is replacing Agnes Mullady as Treasurer of each Fund. Mr. Ball
is a Vice President of GAMCO Investors, Inc. Prior to joining Gabelli, he served as Vice President and Assistant Treasurer of AMG Funds (2014-2017) and Vice President of State Street Corporation (2007-2014). Mr. Ball
received M.B.A. degrees from Columbia Business School and London Business School.
Shareholders should retain this Supplement for future
reference.