SCHEDULE II
INFORMATION WITH RESPECT TO
TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR
SINCE THE MOST RECENT FILING ON SCHEDULE 13D (1)

                                             SHARES PURCHASED        AVERAGE
                                  DATE            SOLD(-)             PRICE(2)

           COMMON STOCK-WATTS INDUSTRIES A

                    GAMCO INVESTORS, INC.
                                 7/20/01           10,400            15.8500
                                 7/20/01            1,000-           16.1500
                                 7/18/01            3,000            15.8067
                                 7/17/01            2,500            15.3400
                                 7/17/01            1,500-           15.1767
                                 7/16/01            2,000            15.0500
                                 7/16/01            2,500            15.0300
                                 7/10/01            4,000            13.5988
                                 7/09/01            1,000            13.2250
                                 7/06/01              300            13.0000
                                 7/06/01            6,700            12.8245
                                 7/03/01            1,000            22.1500
                                 7/02/01               96-             *DO
                                 7/02/01              123-             *DO
                                 6/29/01            1,500            17.0000
                                 6/29/01              100-           16.9500
                                 6/25/01              500-           16.8500
                                 6/22/01            1,000            17.4000
                                 6/22/01            5,000            17.0300
                                 6/18/01              800            17.2500
                                 6/13/01              500            18.0400
                                 6/12/01              500-           17.9500
                                 6/06/01            1,000            17.5000
                                 6/05/01            1,000            17.4000
                                 6/04/01            1,500            16.7000
                                 6/01/01            1,000            16.8300
                                 6/01/01            1,000            16.1000
                                 5/31/01            2,000            15.9750
                                 5/31/01            1,000            16.1500
                                 5/31/01            2,000            16.1125
                                 5/30/01              500-           15.6800
                                 5/30/01            3,000-             *DO
                                 5/25/01            2,500            16.4000
                                 5/24/01            1,000            16.0000
                                 5/24/01            2,000            16.1900
			  GABELLI FUNDS, LLC.
                         GABELLI CAPITAL ASSET FUND
                                 6/12/01            1,000-           18.1000

          (1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
              ON THE NYSE.

          (2) PRICE EXCLUDES COMMISSION.

          (*) RESULTS IN CHANGE OF DISPOSITIVE POWER AND BENEFICIAL OWNERSHIP.