GDL FUND — Director's Dealing 2007

Aug 16, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Gabelli Global Deal Fund (GDL)
CIK: 0001378701
Period of Report: 2007-08-16

Reporting Person: GABELLI MARIO J (Director)
Reporting Person: GAMCO INVESTORS, INC. ET AL (Owner of Adviser)
Reporting Person: GGCP, INC. (Majority shareholder of GAMCO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-16	Common Shares	P	10000	$15.12	Acquired	1289436	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	1400	Indirect

Footnotes

F1: These shares are owned by GAMCO Investors, Inc. Mr. Gabelli and GGCP have less than a 100% interest in this entity.

F2: These shares are owned by a subsidiary of GAMCO Investors, Inc. GAMCO Investors, Inc., Mr. Gabelli, and GGCP have less than a 100% interest in this entity.