8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) April 16, 2010

GAMCO INVESTORS, INC.

(Exact name of registrant as specified in its charter)

New York	1-14761	13-4007862
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
One Corporate Center, Rye, NY		10580
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code     (914) 921-5000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

The following information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition.”

On April 16, 2010, GAMCO Investors, Inc. (“GAMCO”) announced preliminary estimates for the quarter ended March 31, 2010 of $0.48 to $0.52 per fully diluted share versus $0.30 per fully diluted share in the comparable 2009 quarter.  Assets Under Management (AUM) were approximately $28 billion as of March 31, 2010, 51.4% higher than March 31, 2009 AUM of $18.5 billion and 6.5% above December 31, 2009 AUM of $26.3 billion.  Total revenues were approximately $60 million, operating income is expected to be $21.5 to $22.5 million and other income, net of interest expense, was in the range of $2 to $3 million for the quarter.  Operating a nd other income are presented before management fee.  A copy of the GAMCO’s press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1     GAMCO’s Press Release, dated April 16, 2010.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

GAMCO Investors, Inc.

By:  /s/ Jeffrey M. Farber

Jeffrey M. Farber

Executive Vice-President and Chief Financial Officer

Date: April 16, 2010

Exhibit Index

Exhibit No.
99.1	GAMCO’s Press Release, dated April 16, 2010.

EX-99.1

One Corporate Center

Rye, NY 10580-1422

GAMCO Investors, Inc.

Tel. (914) 921-5147

Fax (914) 921-5392

www.gabelli.com

For Immediate Release: Contact: Jeffrey M. Farber

Executive Vice President and

Chief Financial Officer

(914) 921-5147

For further information please visit www.gabelli.com

GAMCO Expects to Report First Quarter Earnings of

$0.48 to $0.52 per fully diluted share

Rye, New York, April 15, 2010 – GAMCO Investors, Inc. (NYSE: GBL) announced today preliminary earnings estimates for the quarter ended March 31, 2010 of $0.48 to $0.52 per fully diluted share versus $0.30 per fully diluted share in the comparable 2009 quarter.

Assets Under Management (AUM) were approximately $28 billion as of March 31, 2010, 51.4% higher than March 31, 2009 AUM of $18.5 billion and 6.5% above December 31, 2009 AUM of $26.3 billion.  Total revenues were approximately $60 million, operating income is expected to be $21.5 to $22.5 million and other income, net of interest expense, was in the range of $2 to $3 million for the quarter.  Operating and other income are presented before management fee.  We will be issuing further details on our financial results in early May.

GAMCO Investors, Inc., through its subsidiaries, manages private advisory accounts (GAMCO Asset Management Inc.), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Gabelli Securities, Inc.).

SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION

Our disclosure and analysis in this press release contain some forward-looking statements.  Forward-looking statements give our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, and financial results.  Although we believe that we are basing our expectations and b eliefs on reasonable assumptions within the bounds of what we currently know about our business and operations, there can be no assurance that our actual results will not differ materially from what we expect or believe. Some of the factors that could cause our actual results to differ from our expectations or beliefs include, without limitation: the adverse effect from a decline in the securities markets; a decline in the performance of our products; a general downturn in the economy; changes in government policy or regulation; changes in our ability to attract or retain key employees; and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations. We also direct your attention to any more specific discussions of risk contained in our Form 10-K and other public filings.  We are providing these statements as permitted by the Private Litigation Reform Act of 1995. We do not undertake to update publicly any forward-looking state ments if we subsequently learn that we are unlikely to achieve our expectations or if we receive any additional information relating to the subject matters of our forward-looking statements.