GDL FUND — Director's Dealing 2009

Feb 13, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Gabelli Global Deal Fund (GDL.A)
CIK: 0001378701
Period of Report: 2009-02-11

Reporting Person: COLAVITA ANTHONY J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-11	Preferred Shares	P	100	$50	Acquired	100	Indirect
2009-02-11	Preferred Shares	P	112	$50	Acquired	112	Indirect

Footnotes

F1: The reporting person acquire 100 preferred shares through the exercise of preferred share purchase rights acquired through a pro-rata distribution of such rights by the Issuer on December 24, 2008.

F2: The reporting person acquired 56 preferred shares through the exercise of preferred share purchase rights acquire through a pro-rata distribution of such rights by the Issuer on December 24, 2008 and 56 preferred shares through exercise of the oversubscription privilege.