DIVIDEND NOTICE
THE COMSTOCK FUNDS, INC.

FOR IMMEDIATE RELEASE
Rye, New York
July 25, 2000

The Gabelli Comstock Funds announced the July distribution from net investment income for the Comstock Strategy Fund. The dividend is payable on July 27, 2000 to sharholders of record on July 26, 2000. The ex-dividend and reinvestment date is July 27, 2000.

Distribution (per share)
Class O $0.00789 per share
Class A $0.00704 per share
Class C $0.00447 per share

The Gabelli Comstock Funds are managed by Gabelli Advisers Inc. and distributed by Gabelli & Company, Inc., subsidiaries of Gabelli Asset Management Inc., which is a publicly traded NYSE listed company.

For further information call Bruce Alpert at 914-921-5105 or 1-800-GABELLI (1-800-422-3554).