GABELLI DIVIDEND & INCOME TRUST — Director's Dealing 2006

Mar 16, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GABELLI DIVIDEND & INCOME TRUST (GDV)
CIK: 0001260729
Period of Report: 2006-03-15

Reporting Person: GABELLI MARIO J (Director)
Reporting Person: GAMCO INVESTORS, INC. ET AL (10% Owner)
Reporting Person: GGCP, INC. (10% Owner)
Reporting Person: GABELLI FUNDS LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-15	Common Stock, Par Value $0.001	P	5000	$18.286	Acquired	112000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, Par Value $0.001	2670521	Indirect
Common Stock, Par Value $0.001	7184	Indirect

Footnotes

F1: The shares reported are the total shares owned by GAMCO Investors, Inc. Mr. Gabelli and GGCP, Inc. have less than a 100% interest in this entity and Gabelli Funds, LLC has no interest in this entity.

F2: The shares reported reflect the total number of shares held by Gabelli Funds, LLC which is greater than the other reporting persons' indirect pecuniary interest.