<ARTICLE> 6
<CIK> 0000796229
<NAME> GABELLI WESTWOOD FUNDS

   <NUMBER> 4
   <NAME> GABELLI WESTWOOD BALANCED FUND CLASS 2
 <MULTIPLIER> 1

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-START>                             OCT-01-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                        136645884
<INVESTMENTS-AT-VALUE>                       149046445
<RECEIVABLES>                                  1012715
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               150059160
<PAYABLE-FOR-SECURITIES>                        212932
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1380407
<TOTAL-LIABILITIES>                            1593339
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     127000371
<SHARES-COMMON-STOCK>                           732315
<SHARES-COMMON-PRIOR>                           784512
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            6362
<ACCUMULATED-NET-GAINS>                        9071251
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      12400561
<NET-ASSETS>                                 148465821
<DIVIDEND-INCOME>                               777846
<INTEREST-INCOME>                              1949705
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  937708
<NET-INVESTMENT-INCOME>                        1789843
<REALIZED-GAINS-CURRENT>                      10769932
<APPREC-INCREASE-CURRENT>                       327871
<NET-CHANGE-FROM-OPS>                         12887646
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        94047
<DISTRIBUTIONS-OF-GAINS>                        609682
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           9912
<NUMBER-OF-SHARES-REDEEMED>                     112277
<SHARES-REINVESTED>                              50168
<NET-CHANGE-IN-ASSETS>                      (21260196)
<ACCUMULATED-NII-PRIOR>                          28797
<ACCUMULATED-GAINS-PRIOR>                      9377473
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           609799
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 951101
<AVERAGE-NET-ASSETS>                           9112103
<PER-SHARE-NAV-BEGIN>                            11.95
<PER-SHARE-NII>                                    .12
<PER-SHARE-GAIN-APPREC>                            .85
<PER-SHARE-DIVIDEND>                               .13
<PER-SHARE-DISTRIBUTIONS>                          .81
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.98
<EXPENSE-RATIO>                                   1.39