PAGE  1
000 A000000 06/30/2001
000 C000000 0000794685
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002 D010000 10580
002 D020000 1434
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010 A000001 GABELLI FUNDS, LLC
010 B000001 801-37706
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010 C020001 NY
010 C030001 10580
010 C040001 1434
010 A000002 PFPC INC.
010 B000002 8-32480
010 C010002 WILMINGTON
010 C020002 DE
010 C030002 19809
      PAGE  2
012 A000001 EQUISERVE
012 B000001 84-5601
012 C010001 CANTON
012 C020001 MA
012 C030001 02021
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10036
013 B040001 2798
014 A000001 GABELLI & COMPANY, INC.
014 B000001 8-21373
014 A000002 KEELEY INVESTMENT CORP.
014 B000002 8-20353
014 A000003 GABELLI DIRECT INC.
014 B000003 8-37104
015 A000001 BOSTON SAFE DEPOSIT AND TRUST COMPANY
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015 C030001 02106
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      PAGE  3
020 B000009 N/A
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      PAGE  4
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      PAGE  5
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      PAGE  6
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      PAGE  7
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      PAGE  8
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      PAGE  9
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      PAGE  10
087 C010000 7.20% TAX ADVANTAGED SERIES B
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SIGNATURE   BRUCE N. ALPERT
TITLE       PRESIDENT/TREAS