GAMCO Investors, Inc. (NYSE:GBL) has named Kevin V. Dreyer as an Associate Portfolio Manager to The Gabelli Asset Fund, the first open-end fund organized by Gabelli Funds, LLC in March 1986. Mr. Dreyer joins Mario J. Gabelli, who has been the Fund’s sole portfolio manager since the inception of the Fund, to manage a portion of the assets of the Fund.

Commenting on the appointment, Mr. Gabelli said, “We are delighted to have Kevin work on The Gabelli Asset Fund. Kevin has made outstanding contributions in his role as an Associate Portfolio Manager of the Gabelli Healthcare and Wellness^RX Trust and as a member of the Global Series Funds’ investment team. We look forward to him contributing investment ideas to The Asset Fund.”

Mr. Dreyer joined Gabelli & Company, Inc. as a research analyst following the completion of his MBA at Columbia Business School. He previously worked at Banc of America Securities following his graduation from the University of Pennsylvania.

GAMCO Investors, Inc. (NYSE: GBL), through its subsidiaries, manages assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Investment Partnerships) and is known for its Private Market Value with a Catalyst™ style of investment. As of June 30, 2009, GAMCO Investors, Inc. had $21.4 billion in assets under management.

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