SCHEDULE II

                                      INFORMATION WITH RESPECT TO
                           TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR
                           SINCE THE MOST RECENT FILING ON SCHEDULE 13D (1)

                                             SHARES PURCHASED        AVERAGE
                                  DATE            SOLD(-)             PRICE(2)

           COMMON STOCK-WATTS INDUSTRIES A

                    GABELLI INTERNATIONAL LTD
                                 2/20/01              500-           16.7000
                                 2/06/01              500            15.3500
                    GAMCO INVESTORS, INC.
                                 3/01/01              500            14.5000
                                 3/01/01              500-           14.6400
                                 2/28/01          232,600              *DI
                                 2/28/01              500-           14.7300
                                 2/27/01            1,000-           15.4750
                                 2/27/01            1,000            15.4000
                                 2/23/01            2,000-           15.4540
                                 2/22/01            1,500            15.9600
                                 2/15/01            2,000            16.7700
                                 2/15/01            2,000            17.1000
                                 2/14/01            1,100-           16.0000
                                 2/13/01            5,500            15.9391
                                 2/12/01            1,000            15.6500
                                 2/07/01            1,000            15.6000
                                 2/07/01            2,000            15.8750
                                 2/06/01            2,000            15.2500
                                 2/06/01            1,000            15.4000
                                 2/06/01            2,000            15.2250
                                 2/05/01            4,300            14.9965
                                 2/05/01            1,000            14.7400
                                 2/02/01            5,000            14.7750
                                 2/01/01            1,500            14.8267
                                 2/01/01            1,000            14.8500
                                 1/30/01            1,000-           15.1000
                                 1/30/01            1,000            14.8500
                                 1/30/01            1,000            15.1000
                                 1/30/01              500            14.9500
                                 1/30/01            1,000            15.0000










                                              SCHEDULE II

                                      INFORMATION WITH RESPECT TO
                           TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR
                           SINCE THE MOST RECENT FILING ON SCHEDULE 13D (1)

                                             SHARES PURCHASED        AVERAGE
                                  DATE            SOLD(-)             PRICE(2)

           COMMON STOCK-WATTS INDUSTRIES A

                    GAMCO INVESTORS, INC.
                                 1/30/01            6,500            15.0692
                                 1/26/01            7,300            14.9974
                                 1/24/01              500            15.1250
                                 1/23/01            3,000            15.0000
                                 1/23/01              500            15.1250
                                 1/23/01            1,000            14.9375
                                 1/23/01            6,000            15.0625
                                 1/23/01            2,000            14.7500
                                 1/22/01            1,000            14.6875
                                 1/19/01            4,000            14.6016
                                 1/18/01              500            13.6250
                                 1/16/01            2,000-           12.1563
                                 1/16/01            1,000            12.3750
                                 1/16/01            1,000            12.2500
                                 1/11/01            5,000-           11.7875
                                 1/09/01              500            12.6667
                                 1/09/01            1,000            12.3750
                                 1/03/01            1,000            13.1563
                                 1/02/01              300            13.8750
                     GABELLI FUNDS, LLC.
                         GABELLI SMALL CAP GROWTH FUND
                                 2/07/01            1,200            15.9333


          (1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
              ON THE NYSE.

          (2) PRICE EXCLUDES COMMISSION.

          (*) RESULTS IN CHANGE OF DISPOSITIVE POWER AND BENEFICIAL OWNERSHIP.