EXHIBIT 24
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                                POWER OF ATTORNEY

            KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Robert E. Dolan, Director, and
John Fikre, Director, and each of them individually, as his true and lawful
attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him in his name, place and stead, in any and all capacities,
in connection with this Registration Statement, including to sign and file in
the name and on behalf of the undersigned as director or officer of the
Registrant (i) any and all amendments or supplements (including any and all
stickers and post-effective amendments) to this Registration Statement, with all
exhibits thereto, and other documents in connection therewith, and (ii) any and
all additional registration statements, and any and all amendments thereto,
relating to the same offering of securities as those that are covered by this
Registration Statement that are filed pursuant to Rule 462(b) promulgated under
the Securities Act of 1933 with the Securities and Exchange Commission and any
applicable securities exchange or securities self-regulatory body, granting unto
said attorneys-in-fact and agents, and each of them, full power and authority to
do and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents, or their substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.

            Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated:


Signature                  Title                                       Date
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/s/ Mario Gabelli
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Mario J. Gabelli           Chief Executive Offer and Director          November 21, 2001

/s/ Robert E. Dolan
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Robert E. Dolan            Chief Financial Officer and Director        November 21, 2001

/s/ John Fikre
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John Fikre                 Vice President, Secretary and Director      November 21, 2001