GDL FUND — Regulatory Filings 2008

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 144

NOTICE OF PROPOSED SALE OF SECURITIES

PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933

ATTENTION : Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale

directly with a market maker .

| 1(a) NAME OF ISSUER (Please type or print) | (b) IRS IDENT. NO. | (c) S.E.C. FILE NO. | | --- | --- | --- | | The Gabelli Global Deal Fund | 20-8195443 | 811-21969 |

| 1(d) ADDRESS OF ISSUER STREET CITY STATEZIP CODE | (e) TELEPHONE NO. | | | --- | --- | --- | | One Corporate Center Rye NY 10580 | AREA CODE 914 | NUMBER 921-5000 |

| 2(a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD | (b) IRS IDENT. NO. | (c) RELATIONSHIP TO ISSUER | (d) ADDRESS STREET CITY STATE ZIP CODE | | --- | --- | --- | --- | | GAMCO Investors, Inc. | 13-4044521 | Parent Company of Investment Adviser for Issuer | One Corporate Center Rye NY 10580 |

INSTRUCTION: The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.

| 3(a) Title of the Class of Securities To Be Sold | (b) Name and Address of Each Broker Through Whom the Securities are to be Offered or Each Market Maker who is Acquiring the Securities | (c) Number of Shares or Other Units To Be Sold [See instr. 3(c)] | (d) Aggregate Market Value ([See instr. 3(d)] | (e) Number of Shares or Other Units Outstanding [See instr. 3(e)] | (f) Approximate Date of Sale [See instr. 3(f)] (MO DAY YR) | (g) Name of Each Securities Exchange [See instr. 3(g)] | | --- | --- | --- | --- | --- | --- | --- | | Common Stock | Gabelli & Company, Inc. One Corporate Center Rye, NY 10580 | 20,000 | 249,338 as of 11/17/08 | 21,211,510 | 11/17/08 – 2/16/09 | NYSE | | INSTRUCTIONS: (g) (a) Name of Issuer (h) Issuer’s I.R.S. Identification Number (i) Issuer’s S.E.C. file number, if any (j) Issuer’s address, including zip code (k) Issuer’s telephone number, including area code (g) (a) Name of person for whose account the securities are to be sold (h) Such person’s relationship to the issuer (e.g., officer, director, 10% stockholder, or member of immediate family of any of the foregoing) I Such person’s address, including zip code | | (g) (a) Title of the class of securities to be sold (h) Name and address of each broker through whom the securities are intended to be sold (i) Number of shares or other units to be sold (if debt securities, give the aggregate face amount) (j) Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice (k) Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown by the most recent report or statement published by the issuer (g) Approximate date on which the securities are to be sold (g) Name of each securities exchange, if any, on which the securities are intended to be sold | | | | |

Potential persons who are to respond to the collection of information contained in this form are not

required to respond unless the form displays a currently valid OMB control number.

SEC 1147 (02-08)

TABLE I – SECURITIES TO BE SOLD

Furnish the following information with respect to the acquisition of the securities to be sold

and with respect to the payment of all or any part of the purchase price or other consideration _herefore:

| Title of the Class | Date You Acquired | Nature of Acquisition Transaction | Name of Person from Whom Acquired ( if gift, also give date donor acquired ) | Amount of Securities Acquired | Date of Payment | Nature of Payment | | --- | --- | --- | --- | --- | --- | --- | | Common Stock | 01/26/07 | Private Purchase | Issuer | 20,000 | 01/31/07 | Cash |

INSTRUCTIONS: If the securities were purchased and full payment therefore was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments, describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

TABLE II – SECURITIES SOLD DURING THE PAST 3 MONTHS

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

| Name and Address of Seller | Title of Securities Sold | Date of Sale | Amount of Securities Sold | Gross Proceeds | | --- | --- | --- | --- | --- | | GAMCO Investors, Inc. One Corporate Center Rye, NY 10580 | Common Stock | 10/21/08 10/22/08 10/23/08 10/24/08 10/27/08 10/28/08 10/29/08 10/30/08 10/31/08 11/3/08 11/4/08 11/5/08 11/6/08 11/7/08 11/10/08 11/11/08 11/12/08 11/13/08 11/14/08 11/17/08 | 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 7,500 2,000 1,200 15,000 15,000 15,000 15,000 15,000 20,000 20,000 20,000 20,000 | 195,344 193,715 191,987 186,599 187,053 187,104 188,456 195,842 98,333 26,664 16,344 201,699 198,890 199,343 198,383 193,278 255,534 249,862 252,916 249,338 |

REMARKS:

INSTRUCTIONS : See the definition of “person” in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice. ATTENTION : The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

November 17, 2008 /s/ Douglas R. Jamieson

DATE OF NOTICE (SIGNATURE)

Douglas R. Jamieson, President

DATE OF PLAN ADOPTION OR GIVING OF INSTRUCTION

IF RELYING ON RULE 10B5-1 The notice shall be signed by the person for whose account the securities are to be sold. At least one copy of the notice shall be manually signed. Any copies not manually signed shall bear typed or printed signatures.

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

SEC 1147 (02-08)