The Gabelli Funds is about to test the truism that a fund company can not successfully sell a wide range of its funds on both a load and no-load basis.

The Gabelli Funds, which now are sold directly to investors without a load, plans to ask shareholders to approve structural changes which would permit Gabelli to sell its funds through securities salespeople with front-end and contingent-deferred sales charges. The plans may help the funds build assets by targeting niches in both the load and no-load markets, the funds said in filings with the SEC dated March 17.

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