Brian Campbell and Chris Rainey Join Gabelli Funds Marketing Team.

RYE, N.Y. -- GAMCO Investors, Inc. (NYSE:GBL) announced today that Brian A. Campbell and Chris Rainey will join Gabelli Funds, LLC as Regional Vice Presidents and external wholesalers for the firm's $16 billion mutual fund enterprise.

Mr. Campbell and Mr. Rainey have extensive wholesaling and marketing experience. For the past several years, they have both wholesaled for Enterprise Fund Distributors in Atlanta, GA.

Mr. Campbell will be responsible for building mutual fund, separate account and alternative relationships for GAMCO Investors, Inc. through expanded distribution in Tennessee, Kentucky and Ohio while Mr. Rainey will focus on the Florida market for our open-end funds, where the Gabelli Equity Income and Gabelli Utilities funds are popular investments.

"We are delighted to have Brian and Chris on our client marketing team to help expand our distribution. Their collective experience in wholesaling along with their extensive relationships will add significant value in our growth initiative to offer our investment products through financial intermediaries," said Mario J. Gabelli, Chairman and Chief Executive Officer of GAMCO Investors, Inc.

Mr. Campbell said, "I'm thrilled by the opportunity and excited to be with a firm that has such a well respected name in the business." Mr. Rainey added, "GAMCO has a long history of delivering superior returns for investors. The research intensive investment process and recognition of the Gabelli and Westwood brands are attributes that will resonate well with financial advisors."

GAMCO Investors, Inc., through its subsidiaries, manages approximately $28.1 billion in assets as of December 31, 2006, comprised of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Investment Partnerships).

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