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GDL FUND Director's Dealing 2007

Jan 29, 2007

34212_dirs_2007-01-29_3e77cf45-2fb4-4059-b5dc-960f9952097a.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Gabelli Global Deal Fund (GDL)
CIK: 0001378701
Period of Report: 2007-01-26

Reporting Person: GABELLI MARIO J (Trustee)
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
2007-01-26	Common Stock	P	1250000	$20	Acquired	1255236	Indirect

Footnotes

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