-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BWfsLwPNVlHlHJ0KU9cvI+7wCpO3qtwWrcaOHiQqvTMcGUn9XFr2UOXlR7igeewp /diCfzSwE6wCQGhgU6tcng== 0000940400-09-000179.txt : 20090529 0000940400-09-000179.hdr.sgml : 20090529 20090529135310 ACCESSION NUMBER: 0000940400-09-000179 CONFORMED SUBMISSION TYPE: NSAR-A PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090331 FILED AS OF DATE: 20090529 DATE AS OF CHANGE: 20090529 EFFECTIVENESS DATE: 20090529 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTWOOD FUNDS CENTRAL INDEX KEY: 0000796229 IRS NUMBER: 133625130 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: NSAR-A SEC ACT: 1940 Act SEC FILE NUMBER: 811-04719 FILM NUMBER: 09860612 BUSINESS ADDRESS: STREET 1: ONE CORPORATE CENTER CITY: RYE STATE: NY ZIP: 10580 BUSINESS PHONE: 8004223554 MAIL ADDRESS: STREET 1: ONE CORPORATE CENTER CITY: RYE STATE: NY ZIP: 10580 FORMER COMPANY: FORMER CONFORMED NAME: GABELLI WESTWOOD FUNDS DATE OF NAME CHANGE: 19980304 FORMER COMPANY: FORMER CONFORMED NAME: WESTWOOD FUNDS DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: MARQUIS FUND DATE OF NAME CHANGE: 19861228 0000796229 S000001080 WESTWOOD BALANCED FUND C000002911 CLASS A WEBCX C000002912 CLASS AAA WEBAX C000002913 CLASS B WBCBX C000002914 CLASS C WBCCX C000061063 Class I 0000796229 S000001081 WESTWOOD EQUITY FUND C000002915 CLASS B C000002916 CLASS C C000002917 CLASS A WEECX C000002918 CLASS AAA WESWX C000061064 Class I 0000796229 S000001082 WESTWOOD INCOME FUND C000002919 CLASS A C000002920 CLASS B C000002921 CLASS C C000002922 CLASS AAA WESRX C000061065 Class I 0000796229 S000001083 WESTWOOD INTERMEDIATE BOND FUND C000002923 CLASS A WEAIX C000002924 CLASS AAA WEIBX C000002925 CLASS B WEBIX C000002926 CLASS C WECIX C000061066 Class I 0000796229 S000001084 WESTWOOD MIGHTY MITES FUND C000002927 CLASS A WMMAX C000002928 CLASS AAA WEMMX C000002929 CLASS B WMMBX C000002930 CLASS C WMMCX C000061067 Class I 0000796229 S000001085 WESTWOOD SMALL CAP EQUITY FUND C000002931 CLASS A C000002932 CLASS B C000002933 CLASS C C000002934 CLASS AAA WESCX C000061068 Class I NSAR-A 1 gamcowestood.fil PAGE 1 000 A000000 03/31/2009 000 C000000 0000796229 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 GAMCO WESTWOOD FUNDS 001 B000000 811-04719 001 C000000 9149215100 002 A000000 ONE CORPORATE CENTER 002 B000000 RYE 002 C000000 NY 002 D010000 10580 002 D020000 1422 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 6 007 C010100 1 007 C020100 WESTWOOD EQUITY FUND 007 C030100 N 007 C010300 3 007 C020300 WESTWOOD INTERMEDIATE BOND FUND 007 C030300 N 007 C010400 4 007 C020400 WESTWOOD BALANCED FUND 007 C030400 N 007 C010500 5 007 C020500 WESTWOOD SMALLCAP EQUITY FUND 007 C030500 N 007 C010600 6 007 C020600 WESTWOOD INCOME FUND 007 C030600 N 007 C010700 7 007 C020700 WESTWOOD MIGHTY MITES FUND 007 C030700 N 008 A00AA01 TETON ADVISORS, INC. 008 B00AA01 A 008 C00AA01 801-47568 008 D01AA01 RYE 008 D02AA01 NY 008 D03AA01 10580 008 D04AA01 1422 008 A00AA02 WESTWOOD MANAGEMENT CORPORATION 008 B00AA02 S 008 C00AA02 801-18727 PAGE 2 008 D01AA02 DALLAS 008 D02AA02 TX 008 D03AA02 75201 010 A00AA01 TETON ADVISORS, INC. 010 B00AA01 801-47568 010 C01AA01 RYE 010 C02AA01 NY 010 C03AA01 10580 010 C04AA01 1422 010 A00AA02 PNC GLOBAL INVESTMENT SERVICING 010 B00AA02 84-1761 010 C01AA02 WILMINGTON 010 C02AA02 DE 010 C03AA02 19809 011 A00AA01 GABELLI & COMPANY, INC. 011 B00AA01 8-21373 011 C01AA01 RYE 011 C02AA01 NY 011 C03AA01 10580 011 C04AA01 1422 012 A00AA01 BOSTON FINANCIAL DATA SERVICES INC. 012 B00AA01 85-05003 012 C01AA01 CANTON 012 C02AA01 MA 012 C03AA01 02021 012 C04AA01 2809 013 A00AA01 PRICEWATERHOUSECOOPERS LLP 013 B01AA01 NEW YORK 013 B02AA01 NY 013 B03AA01 10017 014 A00AA01 GABELLI & COMPANY, INC. 014 B00AA01 8-21373 014 A00AA02 GABELLI FIXED INCOME DISTRIBUTORS, INC. 014 B00AA02 8-38568 015 A00AA01 BANK OF NEW YORK MELLON CORP. 015 B00AA01 C 015 C01AA01 NEW YORK 015 C02AA01 NY 015 C03AA01 10286 015 E01AA01 X 018 00AA00 Y 019 A00AA00 Y 019 B00AA00 6 019 C00AA00 GABELLIGRP 020 A000001 GABELLI & COMPANY, INC. 020 B000001 13-2885006 020 C000001 50 020 A000002 INSTINET, LLC. 020 B000002 13-2625132 020 C000002 26 020 A000003 INVESTMENT TECHNOLOGY GROUP, INC. 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F040100 4628 028 G010100 32100 028 G020100 1566 028 G030100 0 028 G040100 29367 028 H000100 2269 028 A010300 905 028 A020300 0 028 A030300 0 028 A040300 378 028 B010300 505 028 B020300 23 028 B030300 0 028 B040300 213 028 C010300 848 PAGE 6 028 C020300 20 028 C030300 0 028 C040300 134 028 D010300 968 028 D020300 17 028 D030300 0 028 D040300 410 028 E010300 799 028 E020300 8 028 E030300 0 028 E040300 361 028 F010300 870 028 F020300 32 028 F030300 0 028 F040300 662 028 G010300 4895 028 G020300 100 028 G030300 0 028 G040300 2158 028 H000300 650 028 A010400 7671 028 A020400 0 028 A030400 0 028 A040400 5691 028 B010400 4834 028 B020400 1384 028 B030400 0 028 B040400 2896 028 C010400 11004 028 C020400 0 028 C030400 0 028 C040400 2386 028 D010400 3473 028 D020400 0 028 D030400 0 028 D040400 2748 028 E010400 1997 028 E020400 0 028 E030400 0 028 E040400 2722 028 F010400 3054 028 F020400 459 028 F030400 0 028 F040400 4649 028 G010400 32033 028 G020400 1843 028 G030400 0 028 G040400 21092 028 H000400 1585 028 A010500 718 028 A020500 0 PAGE 7 028 A030500 0 028 A040500 245 028 B010500 234 028 B020500 0 028 B030500 0 028 B040500 309 028 C010500 209 028 C020500 0 028 C030500 0 028 C040500 308 028 D010500 194 028 D020500 0 028 D030500 0 028 D040500 77 028 E010500 19 028 E020500 0 028 E030500 0 028 E040500 102 028 F010500 150 028 F020500 0 028 F030500 0 028 F040500 97 028 G010500 1524 028 G020500 0 028 G030500 0 028 G040500 1138 028 H000500 627 028 A010600 75 028 A020600 0 028 A030600 0 028 A040600 286 028 B010600 87 028 B020600 26 028 B030600 0 028 B040600 138 028 C010600 154 028 C020600 0 028 C030600 0 028 C040600 284 028 D010600 28 028 D020600 0 028 D030600 0 028 D040600 83 028 E010600 45 028 E020600 0 028 E030600 0 028 E040600 270 028 F010600 34 028 F020600 95 028 F030600 0 028 F040600 319 PAGE 8 028 G010600 423 028 G020600 121 028 G030600 0 028 G040600 1380 028 H000600 37 028 A010700 4902 028 A020700 0 028 A030700 0 028 A040700 2486 028 B010700 6303 028 B020700 1487 028 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033 000300 0 033 000400 0 033 000500 0 033 000600 0 033 000700 0 034 000100 Y 034 000300 Y 034 000400 Y 034 000500 Y 034 000600 Y 034 000700 Y 035 000100 0 035 000300 0 035 000400 1 035 000500 0 035 000600 0 035 000700 2 036 A000100 N 036 B000100 0 036 A000300 N 036 B000300 0 036 A000400 N 036 B000400 0 036 A000500 N 036 B000500 0 PAGE 10 036 A000600 N 036 B000600 0 036 A000700 N 036 B000700 0 037 000100 N 037 000300 N 037 000400 N 037 000500 N 037 000600 N 037 000700 Y 038 000100 0 038 000300 0 038 000400 0 038 000500 0 038 000600 0 038 000700 1 039 000100 N 039 000300 N 039 000400 N 039 000500 N 039 000600 N 039 000700 N 040 000100 Y 040 000300 Y 040 000400 Y 040 000500 Y 040 000600 Y 040 000700 Y 041 000100 Y 041 000300 Y 041 000400 Y 041 000500 Y 041 000600 Y 041 000700 Y 042 A000100 0 042 B000100 0 042 C000100 100 042 D000100 0 042 E000100 0 042 F000100 0 042 G000100 0 042 H000100 0 042 A000300 0 042 B000300 0 042 C000300 100 042 D000300 0 042 E000300 0 042 F000300 0 042 G000300 0 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D010100 0 048 D020100 0.000 048 E010100 0 048 E020100 0.000 048 F010100 0 048 F020100 0.000 048 G010100 0 048 G020100 0.000 048 H010100 0 048 H020100 0.000 048 I010100 0 048 I020100 0.000 048 J010100 0 048 J020100 0.000 048 K010100 0 048 K020100 0.000 048 000300 0.600 048 A010300 0 048 A020300 0.000 048 B010300 0 048 B020300 0.000 048 C010300 0 048 C020300 0.000 048 D010300 0 048 D020300 0.000 048 E010300 0 048 E020300 0.000 048 F010300 0 048 F020300 0.000 048 G010300 0 048 G020300 0.000 048 H010300 0 048 H020300 0.000 048 I010300 0 PAGE 13 048 I020300 0.000 048 J010300 0 048 J020300 0.000 048 K010300 0 048 K020300 0.000 048 000400 0.750 048 A010400 0 048 A020400 0.000 048 B010400 0 048 B020400 0.000 048 C010400 0 048 C020400 0.000 048 D010400 0 048 D020400 0.000 048 E010400 0 048 E020400 0.000 048 F010400 0 048 F020400 0.000 048 G010400 0 048 G020400 0.000 048 H010400 0 048 H020400 0.000 048 I010400 0 048 I020400 0.000 048 J010400 0 048 J020400 0.000 048 K010400 0 048 K020400 0.000 048 000500 1.000 048 A010500 0 048 A020500 0.000 048 B010500 0 048 B020500 0.000 048 C010500 0 048 C020500 0.000 048 D010500 0 048 D020500 0.000 048 E010500 0 048 E020500 0.000 048 F010500 0 048 F020500 0.000 048 G010500 0 048 G020500 0.000 048 H010500 0 048 H020500 0.000 048 I010500 0 048 I020500 0.000 048 J010500 0 048 J020500 0.000 048 K010500 0 048 K020500 0.000 PAGE 14 048 000600 1.000 048 A010600 0 048 A020600 0.000 048 B010600 0 048 B020600 0.000 048 C010600 0 048 C020600 0.000 048 D010600 0 048 D020600 0.000 048 E010600 0 048 E020600 0.000 048 F010600 0 048 F020600 0.000 048 G010600 0 048 G020600 0.000 048 H010600 0 048 H020600 0.000 048 I010600 0 048 I020600 0.000 048 J010600 0 048 J020600 0.000 048 K010600 0 048 K020600 0.000 048 000700 1.000 048 A010700 0 048 A020700 0.000 048 B010700 0 048 B020700 0.000 048 C010700 0 048 C020700 0.000 048 D010700 0 048 D020700 0.000 048 E010700 0 048 E020700 0.000 048 F010700 0 048 F020700 0.000 048 G010700 0 048 G020700 0.000 048 H010700 0 048 H020700 0.000 048 I010700 0 048 I020700 0.000 048 J010700 0 048 J020700 0.000 048 K010700 0 048 K020700 0.000 049 000100 N 049 000300 N 049 000400 N 049 000500 N 049 000600 N PAGE 15 049 000700 N 050 000100 N 050 000300 N 050 000400 N 050 000500 N 050 000600 N 050 000700 N 051 000100 N 051 000300 N 051 000400 N 051 000500 N 051 000600 N 051 000700 N 052 000100 N 052 000300 N 052 000400 N 052 000500 N 052 000600 N 052 000700 N 053 A000100 N 053 A000300 Y 053 B000300 Y 053 C000300 N 053 A000400 N 053 A000500 Y 053 B000500 Y 053 C000500 N 053 A000600 Y 053 B000600 Y 053 C000600 N 053 A000700 N 054 A000100 Y 054 B000100 Y 054 C000100 Y 054 D000100 N 054 E000100 N 054 F000100 N 054 G000100 N 054 H000100 Y 054 I000100 N 054 J000100 Y 054 K000100 N 054 L000100 N 054 M000100 Y 054 N000100 N 054 O000100 N 054 A000300 Y 054 B000300 Y 054 C000300 Y 054 D000300 N 054 E000300 N PAGE 16 054 F000300 N 054 G000300 N 054 H000300 Y 054 I000300 N 054 J000300 Y 054 K000300 N 054 L000300 Y 054 M000300 Y 054 N000300 N 054 O000300 N 054 A000400 Y 054 B000400 Y 054 C000400 Y 054 D000400 N 054 E000400 N 054 F000400 N 054 G000400 N 054 H000400 Y 054 I000400 N 054 J000400 Y 054 K000400 N 054 L000400 N 054 M000400 Y 054 N000400 N 054 O000400 N 054 A000500 Y 054 B000500 Y 054 C000500 Y 054 D000500 N 054 E000500 N 054 F000500 N 054 G000500 N 054 H000500 Y 054 I000500 N 054 J000500 Y 054 K000500 N 054 L000500 Y 054 M000500 Y 054 N000500 N 054 O000500 N 054 A000600 Y 054 B000600 Y 054 C000600 Y 054 D000600 N 054 E000600 N 054 F000600 N 054 G000600 N 054 H000600 Y 054 I000600 N 054 J000600 Y 054 K000600 N PAGE 17 054 L000600 Y 054 M000600 Y 054 N000600 N 054 O000600 N 054 A000700 Y 054 B000700 Y 054 C000700 Y 054 D000700 N 054 E000700 N 054 F000700 N 054 G000700 N 054 H000700 Y 054 I000700 N 054 J000700 Y 054 K000700 N 054 L000700 Y 054 M000700 Y 054 N000700 N 054 O000700 N 055 A000100 Y 055 B000100 N 055 A000300 Y 055 B000300 N 055 A000400 Y 055 B000400 N 055 A000500 Y 055 B000500 N 055 A000600 Y 055 B000600 N 055 A000700 Y 055 B000700 N 056 000100 N 056 000300 N 056 000400 N 056 000500 N 056 000600 N 056 000700 N 057 000100 N 057 000300 N 057 000400 N 057 000500 N 057 000600 N 057 000700 N 058 A000100 N 058 A000300 N 058 A000400 N 058 A000500 N 058 A000600 N 058 A000700 N 059 000100 Y 059 000300 Y PAGE 18 059 000400 Y 059 000500 Y 059 000600 Y 059 000700 Y 060 A000100 Y 060 B000100 Y 060 A000300 Y 060 B000300 Y 060 A000400 Y 060 B000400 Y 060 A000500 Y 060 B000500 Y 060 A000600 Y 060 B000600 Y 060 A000700 Y 060 B000700 Y 061 000100 1000 061 000300 1000 061 000400 1000 061 000500 1000 061 000600 1000 061 000700 10000 062 A000100 N 062 B000100 0.0 062 C000100 0.0 062 D000100 0.0 062 E000100 0.0 062 F000100 0.0 062 G000100 0.0 062 H000100 0.0 062 I000100 0.0 062 J000100 0.0 062 K000100 0.0 062 L000100 0.0 062 M000100 0.0 062 N000100 0.0 062 O000100 0.0 062 P000100 0.0 062 Q000100 0.0 062 R000100 0.0 062 A000300 Y 062 B000300 0.0 062 C000300 0.0 062 D000300 0.0 062 E000300 0.0 062 F000300 0.0 062 G000300 0.0 062 H000300 0.0 062 I000300 0.0 062 J000300 0.0 062 K000300 0.0 PAGE 19 062 L000300 0.0 062 M000300 21.7 062 N000300 36.8 062 O000300 0.0 062 P000300 32.2 062 Q000300 0.0 062 R000300 9.7 062 A000400 N 062 B000400 0.0 062 C000400 0.0 062 D000400 0.0 062 E000400 0.0 062 F000400 0.0 062 G000400 0.0 062 H000400 0.0 062 I000400 0.0 062 J000400 0.0 062 K000400 0.0 062 L000400 0.0 062 M000400 0.0 062 N000400 0.0 062 O000400 0.0 062 P000400 0.0 062 Q000400 0.0 062 R000400 0.0 062 A000500 N 062 B000500 0.0 062 C000500 0.0 062 D000500 0.0 062 E000500 0.0 062 F000500 0.0 062 G000500 0.0 062 H000500 0.0 062 I000500 0.0 062 J000500 0.0 062 K000500 0.0 062 L000500 0.0 062 M000500 0.0 062 N000500 0.0 062 O000500 0.0 062 P000500 0.0 062 Q000500 0.0 062 R000500 0.0 062 A000600 N 062 B000600 0.0 062 C000600 0.0 062 D000600 0.0 062 E000600 0.0 062 F000600 0.0 062 G000600 0.0 062 H000600 0.0 PAGE 20 062 I000600 0.0 062 J000600 0.0 062 K000600 0.0 062 L000600 0.0 062 M000600 0.0 062 N000600 0.0 062 O000600 0.0 062 P000600 0.0 062 Q000600 0.0 062 R000600 0.0 062 A000700 N 062 B000700 0.0 062 C000700 0.0 062 D000700 0.0 062 E000700 0.0 062 F000700 0.0 062 G000700 0.0 062 H000700 0.0 062 I000700 0.0 062 J000700 0.0 062 K000700 0.0 062 L000700 0.0 062 M000700 0.0 062 N000700 0.0 062 O000700 0.0 062 P000700 0.0 062 Q000700 0.0 062 R000700 0.0 063 A000100 0 063 B000100 0.0 063 A000300 0 063 B000300 6.1 063 A000400 0 063 B000400 0.0 063 A000500 0 063 B000500 0.0 063 A000600 0 063 B000600 0.0 063 A000700 0 063 B000700 0.0 064 A000300 N 064 B000300 N 066 A000100 Y 066 B000100 N 066 C000100 Y 066 D000100 N 066 E000100 N 066 F000100 N 066 G000100 N 066 A000300 N 066 A000400 Y PAGE 21 066 B000400 N 066 C000400 N 066 D000400 N 066 E000400 Y 066 F000400 N 066 G000400 N 066 A000500 Y 066 B000500 Y 066 C000500 N 066 D000500 N 066 E000500 N 066 F000500 N 066 G000500 N 066 A000600 Y 066 B000600 N 066 C000600 N 066 D000600 N 066 E000600 Y 066 F000600 N 066 G000600 N 066 A000700 Y 066 B000700 N 066 C000700 Y 066 D000700 N 066 E000700 N 066 F000700 N 066 G000700 N 067 000100 N 067 000300 N 067 000400 Y 067 000500 N 067 000600 N 067 000700 N 068 A000100 N 068 B000100 N 068 A000300 N 068 B000300 N 068 A000400 N 068 B000400 N 068 A000500 N 068 B000500 N 068 A000600 N 068 B000600 N 068 A000700 N 068 B000700 N 069 000100 N 069 000300 N 069 000400 N 069 000500 N 069 000600 N 069 000700 N PAGE 22 070 A010100 Y 070 A020100 N 070 B010100 Y 070 B020100 N 070 C010100 Y 070 C020100 N 070 D010100 Y 070 D020100 N 070 E010100 N 070 E020100 N 070 F010100 Y 070 F020100 N 070 G010100 Y 070 G020100 N 070 H010100 Y 070 H020100 N 070 I010100 N 070 I020100 N 070 J010100 Y 070 J020100 N 070 K010100 Y 070 K020100 N 070 L010100 Y 070 L020100 Y 070 M010100 Y 070 M020100 N 070 N010100 Y 070 N020100 N 070 O010100 N 070 O020100 N 070 P010100 Y 070 P020100 N 070 Q010100 N 070 Q020100 N 070 R010100 N 070 R020100 N 070 A010300 Y 070 A020300 N 070 B010300 N 070 B020300 N 070 C010300 N 070 C020300 N 070 D010300 N 070 D020300 N 070 E010300 Y 070 E020300 N 070 F010300 N 070 F020300 N 070 G010300 Y 070 G020300 N 070 H010300 N PAGE 23 070 H020300 N 070 I010300 N 070 I020300 N 070 J010300 Y 070 J020300 N 070 K010300 Y 070 K020300 N 070 L010300 Y 070 L020300 Y 070 M010300 Y 070 M020300 N 070 N010300 Y 070 N020300 N 070 O010300 N 070 O020300 N 070 P010300 Y 070 P020300 N 070 Q010300 N 070 Q020300 N 070 R010300 N 070 R020300 N 070 A010400 Y 070 A020400 N 070 B010400 Y 070 B020400 N 070 C010400 Y 070 C020400 N 070 D010400 Y 070 D020400 N 070 E010400 Y 070 E020400 N 070 F010400 Y 070 F020400 N 070 G010400 Y 070 G020400 N 070 H010400 Y 070 H020400 N 070 I010400 N 070 I020400 N 070 J010400 Y 070 J020400 N 070 K010400 Y 070 K020400 N 070 L010400 Y 070 L020400 Y 070 M010400 Y 070 M020400 N 070 N010400 Y 070 N020400 N 070 O010400 N 070 O020400 N PAGE 24 070 P010400 Y 070 P020400 N 070 Q010400 N 070 Q020400 N 070 R010400 N 070 R020400 N 070 A010500 Y 070 A020500 N 070 B010500 Y 070 B020500 N 070 C010500 Y 070 C020500 N 070 D010500 Y 070 D020500 N 070 E010500 N 070 E020500 N 070 F010500 Y 070 F020500 N 070 G010500 Y 070 G020500 N 070 H010500 Y 070 H020500 N 070 I010500 N 070 I020500 N 070 J010500 Y 070 J020500 N 070 K010500 Y 070 K020500 N 070 L010500 Y 070 L020500 Y 070 M010500 Y 070 M020500 N 070 N010500 Y 070 N020500 N 070 O010500 N 070 O020500 N 070 P010500 Y 070 P020500 N 070 Q010500 N 070 Q020500 N 070 R010500 N 070 R020500 N 070 A010600 Y 070 A020600 N 070 B010600 Y 070 B020600 N 070 C010600 Y 070 C020600 N 070 D010600 Y 070 D020600 N 070 E010600 N PAGE 25 070 E020600 N 070 F010600 Y 070 F020600 N 070 G010600 Y 070 G020600 N 070 H010600 Y 070 H020600 N 070 I010600 N 070 I020600 N 070 J010600 Y 070 J020600 N 070 K010600 Y 070 K020600 N 070 L010600 Y 070 L020600 Y 070 M010600 Y 070 M020600 N 070 N010600 Y 070 N020600 N 070 O010600 N 070 O020600 N 070 P010600 Y 070 P020600 N 070 Q010600 N 070 Q020600 N 070 R010600 N 070 R020600 N 070 A010700 Y 070 A020700 N 070 B010700 Y 070 B020700 N 070 C010700 Y 070 C020700 N 070 D010700 Y 070 D020700 N 070 E010700 N 070 E020700 N 070 F010700 Y 070 F020700 N 070 G010700 Y 070 G020700 N 070 H010700 Y 070 H020700 N 070 I010700 N 070 I020700 N 070 J010700 Y 070 J020700 Y 070 K010700 Y 070 K020700 Y 070 L010700 Y 070 L020700 Y PAGE 26 070 M010700 Y 070 M020700 Y 070 N010700 Y 070 N020700 N 070 O010700 N 070 O020700 N 070 P010700 Y 070 P020700 N 070 Q010700 N 070 Q020700 N 070 R010700 Y 070 R020700 N 071 A000100 70922 071 B000100 67009 071 C000100 135769 071 D000100 49 071 A000300 4266 071 B000300 411 071 C000300 11342 071 D000300 4 071 A000400 63599 071 B000400 43963 071 C000400 131617 071 D000400 33 071 A000500 2580 071 B000500 2233 071 C000500 7041 071 D000500 32 071 A000600 230 071 B000600 1329 071 C000600 5884 071 D000600 4 071 A000700 14276 071 B000700 10704 071 C000700 46089 071 D000700 23 072 A000100 6 072 B000100 0 072 C000100 2146 072 D000100 0 072 E000100 0 072 F000100 666 072 G000100 0 072 H000100 0 072 I000100 86 072 J000100 0 072 K000100 0 072 L000100 46 072 M000100 5 072 N000100 34 072 O000100 0 PAGE 27 072 P000100 0 072 Q000100 23 072 R000100 16 072 S000100 9 072 T000100 173 072 U000100 0 072 V000100 0 072 W000100 10 072 X000100 1068 072 Y000100 0 072 Z000100 1078 072AA000100 0 072BB000100 39118 072CC010100 0 072CC020100 19576 072DD010100 1645 072DD020100 23 072EE000100 0 072 A000300 6 072 B000300 192 072 C000300 15 072 D000300 0 072 E000300 0 072 F000300 40 072 G000300 0 072 H000300 0 072 I000300 6 072 J000300 0 072 K000300 0 072 L000300 2 072 M000300 0 072 N000300 16 072 O000300 0 072 P000300 0 072 Q000300 0 072 R000300 16 072 S000300 2 072 T000300 19 072 U000300 0 072 V000300 0 072 W000300 6 072 X000300 107 072 Y000300 38 072 Z000300 138 072AA000300 103 072BB000300 0 072CC010300 381 072CC020300 0 072DD010300 128 072DD020300 4 072EE000300 0 PAGE 28 072 A000400 6 072 B000400 796 072 C000400 1331 072 D000400 0 072 E000400 0 072 F000400 496 072 G000400 0 072 H000400 0 072 I000400 50 072 J000400 0 072 K000400 0 072 L000400 36 072 M000400 5 072 N000400 20 072 O000400 0 072 P000400 0 072 Q000400 23 072 R000400 17 072 S000400 7 072 T000400 180 072 U000400 0 072 V000400 0 072 W000400 9 072 X000400 843 072 Y000400 0 072 Z000400 1284 072AA000400 0 072BB000400 21167 072CC010400 0 072CC020400 9606 072DD010400 1218 072DD020400 45 072EE000400 721 072 A000500 6 072 B000500 0 072 C000500 37 072 D000500 0 072 E000500 0 072 F000500 32 072 G000500 0 072 H000500 0 072 I000500 7 072 J000500 9 072 K000500 0 072 L000500 5 072 M000500 0 072 N000500 16 072 O000500 0 072 P000500 0 072 Q000500 0 072 R000500 17 PAGE 29 072 S000500 3 072 T000500 9 072 U000500 0 072 V000500 0 072 W000500 4 072 X000500 102 072 Y000500 53 072 Z000500 -12 072AA000500 0 072BB000500 1048 072CC010500 0 072CC020500 3109 072DD010500 0 072DD020500 0 072EE000500 0 072 A000600 6 072 B000600 8 072 C000600 175 072 D000600 0 072 E000600 0 072 F000600 28 072 G000600 0 072 H000600 0 072 I000600 6 072 J000600 1 072 K000600 0 072 L000600 5 072 M000600 0 072 N000600 20 072 O000600 0 072 P000600 1 072 Q000600 0 072 R000600 16 072 S000600 2 072 T000600 8 072 U000600 0 072 V000600 0 072 W000600 4 072 X000600 91 072 Y000600 48 072 Z000600 140 072AA000600 0 072BB000600 997 072CC010600 0 072CC020600 1373 072DD010600 123 072DD020600 2 072EE000600 0 072 A000700 6 072 B000700 74 072 C000700 331 PAGE 30 072 D000700 0 072 E000700 0 072 F000700 326 072 G000700 0 072 H000700 0 072 I000700 42 072 J000700 18 072 K000700 0 072 L000700 22 072 M000700 2 072 N000700 18 072 O000700 0 072 P000700 0 072 Q000700 23 072 R000700 20 072 S000700 3 072 T000700 103 072 U000700 0 072 V000700 0 072 W000700 6 072 X000700 583 072 Y000700 0 072 Z000700 -178 072AA000700 0 072BB000700 571 072CC010700 0 072CC020700 17672 072DD010700 0 072DD020700 0 072EE000700 1718 073 A010100 0.0900 073 A020100 0.0500 073 B000100 0.0000 073 C000100 0.0000 073 A010300 0.1300 073 A020300 0.1100 073 B000300 0.0000 073 C000300 0.0000 073 A010400 0.0900 073 A020400 0.0800 073 B000400 0.0500 073 C000400 0.0000 073 A010500 0.0000 073 A020500 0.0000 073 B000500 0.0000 073 C000500 0.0000 073 A010600 0.1500 073 A020600 0.1500 073 B000600 0.0000 073 C000600 0.0000 073 A010700 0.0000 PAGE 31 073 A020700 0.0000 073 B000700 0.3100 073 C000700 0.0000 074 A000100 0 074 B000100 0 074 C000100 0 074 D000100 0 074 E000100 0 074 F000100 118156 074 G000100 0 074 H000100 0 074 I000100 0 074 J000100 1732 074 K000100 0 074 L000100 1172 074 M000100 26 074 N000100 121086 074 O000100 722 074 P000100 126 074 Q000100 0 074 R010100 0 074 R020100 0 074 R030100 0 074 R040100 667 074 S000100 0 074 T000100 119571 074 U010100 18548 074 U020100 682 074 V010100 6.15 074 V020100 6.13 074 W000100 0.0000 074 X000100 5313 074 Y000100 0 074 A000300 0 074 B000300 0 074 C000300 0 074 D000300 13430 074 E000300 0 074 F000300 1436 074 G000300 0 074 H000300 0 074 I000300 0 074 J000300 0 074 K000300 0 074 L000300 166 074 M000300 28 074 N000300 15060 074 O000300 206 074 P000300 5 074 Q000300 0 074 R010300 0 PAGE 32 074 R020300 0 074 R030300 0 074 R040300 41 074 S000300 0 074 T000300 14808 074 U010300 1169 074 U020300 54 074 V010300 11.26 074 V020300 11.25 074 W000300 0.0000 074 X000300 474 074 Y000300 0 074 A000400 0 074 B000400 0 074 C000400 0 074 D000400 46444 074 E000400 0 074 F000400 80296 074 G000400 0 074 H000400 0 074 I000400 0 074 J000400 1249 074 K000400 0 074 L000400 956 074 M000400 34 074 N000400 128979 074 O000400 495 074 P000400 113 074 Q000400 0 074 R010400 0 074 R020400 0 074 R030400 0 074 R040400 275 074 S000400 0 074 T000400 128096 074 U010400 14148 074 U020400 626 074 V010400 8.32 074 V020400 8.36 074 W000400 0.0000 074 X000400 3222 074 Y000400 0 074 A000500 81 074 B000500 0 074 C000500 0 074 D000500 0 074 E000500 0 074 F000500 5697 074 G000500 0 074 H000500 0 074 I000500 0 PAGE 33 074 J000500 19 074 K000500 7 074 L000500 4 074 M000500 25 074 N000500 5833 074 O000500 23 074 P000500 1 074 Q000500 0 074 R010500 0 074 R020500 0 074 R030500 0 074 R040500 32 074 S000500 0 074 T000500 5777 074 U010500 727 074 U020500 67 074 V010500 6.97 074 V020500 6.90 074 W000500 0.0000 074 X000500 583 074 Y000500 0 074 A000600 0 074 B000600 0 074 C000600 0 074 D000600 516 074 E000600 718 074 F000600 3476 074 G000600 0 074 H000600 0 074 I000600 0 074 J000600 0 074 K000600 5 074 L000600 8 074 M000600 21 074 N000600 4744 074 O000600 0 074 P000600 1 074 Q000600 0 074 R010600 0 074 R020600 0 074 R030600 0 074 R040600 166 074 S000600 0 074 T000600 4577 074 U010600 786 074 U020600 13 074 V010600 5.42 074 V020600 5.60 074 W000600 0.0000 074 X000600 548 074 Y000600 0 PAGE 34 074 A000700 0 074 B000700 0 074 C000700 52592 074 D000700 0 074 E000700 211 074 F000700 63443 074 G000700 0 074 H000700 0 074 I000700 13 074 J000700 275 074 K000700 0 074 L000700 1839 074 M000700 33 074 N000700 118406 074 O000700 4289 074 P000700 163 074 Q000700 0 074 R010700 0 074 R020700 0 074 R030700 0 074 R040700 431 074 S000700 0 074 T000700 113523 074 U010700 9656 074 U020700 560 074 V010700 9.81 074 V020700 9.69 074 W000700 0.0000 074 X000700 7838 074 Y000700 0 075 A000100 0 075 B000100 138866 075 A000300 0 075 B000300 13235 075 A000400 0 075 B000400 134784 075 A000500 0 075 B000500 6753 075 A000600 0 075 B000600 5817 075 A000700 0 075 B000700 72481 076 000100 0.00 076 000300 0.00 076 000400 0.00 076 000500 0.00 076 000600 0.00 076 000700 0.00 077 A000000 Y 077 B000000 N 077 C000000 N PAGE 35 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N 077 J000000 N 077 K000000 N 077 L000000 N 077 M000000 Y 077 N000000 N 077 O000000 N 077 P000000 N 077 Q010000 Y 077 Q020000 N 078 000000 N 080 C00AA00 0 081 B00AA00 0 082 B00AA00 0 083 B00AA00 0 084 B00AA00 0 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE AGNES MULLADY TITLE TREASURER EX-99.77M MERGERS 2 gamcowestwood77m.txt Sub-Item 77M On March 16, 2009, the GAMCO Westwood Mighty Mites Fund (the "Mighty Mites Fund"), a series of the GAMCO Westwood Funds (the "Trust"), a Massachusetts business trust, acquired the assets and liabilities of the B.B. Micro-Cap Growth Fund (formerly, the Bjurman, Barry Micro-Cap Growth Fund), a series of The B.B. Funds (formerly, the Bjurman, Barry Funds), a Delaware statutory trust, pursuant to an Agreement and Plan of Reorganization and Liquidation (the "Plan of Reorganization") approved by both the B.B. Micro-Cap Growth Fund's Board of Trustees and the Trust's Board of Trustees, respectively, and the B.B. Micro-Cap Growth Fund's shareholders. The Plan of Reorganization is contained as Appendix A in the related N-14, which was filed with the SEC via EDGAR on January 21, 2009. The N-14 is incorporated by reference hereto (Accession No. 0000935069-09-000078). A copy of the Plan of Reorganization for the merger is attached to this form as part of the Exhibit to item 77 Q. The B.B. Funds expects to file an application for deregistration as an investment company on Form N-8F shortly. EX-99.77Q1 OTHR EXHB 3 gamcowestwoodq1.txt Q-1 AGREEMENT AND PLAN OF REORGANIZATION AND LIQUIDATION AGREEMENT AND PLAN OF REORGANIZATION AND LIQUIDATION (the "Agreement") dated this 28th day of November, 2008, by and between the B.B. Micro-Cap Growth Fund (formerly the Bjurman, Barry Micro-Cap Growth Fund), a series of The B.B. Funds (formerly The Bjurman, Barry Funds) (the "Acquired Fund"), a Delaware statutory trust, and the GAMCO Westwood Mighty MitesSM Fund, a series of the GAMCO Westwood Funds (the "Acquiring Fund"), a Massachusetts business trust. Teton Advisors, Inc. ("Teton"), a Delaware corporation, is a party to this Agreement with respect to Section 14(b) hereof only. W I T N E S S E T H: WHEREAS, the parties are each open-end investment management companies; and WHEREAS, the parties hereto desire to provide for the acquisition by the Acquiring Fund of all of the assets and known and disclosed liabilities of the Acquired Fund solely in exchange for the Class AAA shares of beneficial interest (par value $.001) ("Class AAA Shares") of the Acquiring Fund, which Class AAA Shares of the Acquiring Fund will thereafter be distributed by the Acquired Fund pro rata to its shareholders in complete liquidation and complete cancellation of its shares; NOW, THEREFORE, in consideration of the mutual promises herein contained, the parties agree as follows: 1. The parties hereto hereby adopt this Agreement, pursuant to section 368(a) of the Internal Revenue Code of 1986, as amended (the "Code") as follows: the reorganization will be comprised of the acquisition by the Acquiring Fund of all of the properties, assets and known and disclosed liabilities of the Acquired Fund, which will be retained by the Acquiring Fund for the benefit of its shareholders, solely in exchange for Class AAA Shares of the Acquiring Fund, followed by the distribution of such Acquiring Fund Class AAA Shares to the shareholders of the Acquired Fund in exchange for their shares of the Acquired Fund, and the liquidation and dissolution of the Acquired Fund all upon and subject to the terms of the Agreement hereinafter set forth. The share transfer books of the Acquired Fund will be permanently closed on the Valuation Date (as hereinafter defined) and only redemption requests made by shareholders of the Acquired Fund pursuant to Section 22(e) of the Investment Company Act of 1940 (the "Act") received in proper form on or prior to the close of business on the Valuation Date shall be fulfilled by the Acquired Fund; redemption requests received by the Acquired Fund after that date shall be treated as requests for the redemption of the Class AAA Shares of the Acquiring Fund to be distributed to the shareholder in question as provided in Section 5. 2. On the Closing Date (as hereinafter defined), all of the assets and known and disclosed liabilities of the Acquired Fund on that date shall be delivered to the Acquiring Fund; and the number of Class AAA Shares of the Acquiring Fund having an aggregate net asset value equal to the value of the net assets of the Acquired Fund will be transferred and delivered to the Acquired Fund. 3. The net asset value of Class AAA Shares of the Acquiring Fund and the value of the net assets of the Acquired Fund to be transferred shall in each case be determined as of the close of business of the New York Stock Exchange on the Valuation Date. The computation of the net asset value of the Class AAA Shares of the Acquiring Fund and the shares of the Acquired Fund shall be done in the manner used by the Acquiring Fund and the Acquired Fund, respectively, in the computation of such net asset value per share as set forth in their respective prospectuses. The methods used by the Acquiring Fund in such computation shall be applied to the valuation of the assets of the Acquired Fund to be transferred to the Acquiring Fund. The Acquired Fund shall declare and pay, immediately prior to the Valuation Date, a dividend or dividends which, together with all previous such dividends, shall have the effect of distributing to the Acquired Fund's shareholders all of the Acquired Fund's investment company taxable income as defined in Section 852(b) of the Code for taxable years ending on or prior to the Closing Date (computed without regard to any deduction for dividends paid) and all of its net capital gain, if any, realized in taxable years ending on or prior to the Closing Date (after reduction for any capital loss carryforward) (the "RIC dividend"). 4. The closing shall be at the office of Teton at One Corporate Center, Rye, New York 10580, at 10:00 a.m., Eastern Time on April 24, 2009, or at such other time, date or place as the parties may designate or as provided below (the "Closing Date"). The business day preceding the Closing Date is herein referred to as the "Valuation Date." In the event that on the Valuation Date either party has, pursuant to the Act or any rule, regulation or order thereunder, suspended the redemption of its shares or postponed payment therefor, the Closing Date shall be postponed until the first business day after the date when both parties have ceased such suspension or postponement; provided, however, that if such suspension shall continue for a period of 60 days beyond the Valuation Date, then the other party to this Agreement shall be permitted to terminate this Agreement without liability to either party for such termination. 5. As soon as practicable after the Closing Date, the Acquired Fund shall distribute on a pro rata basis to those persons who were shareholders of the Acquired Fund as of the close of business on the Valuation Date the Class AAA Shares of the Acquiring Fund received by the Acquired Fund pursuant to the Agreement in liquidation and cancellation of the outstanding shares of the Acquired Fund. For the purpose of the distribution by the Acquired Fund of such Class AAA Shares of the Acquiring Fund to its shareholders, the Acquiring Fund will promptly cause its transfer agent to: (a) credit an appropriate number of Class AAA Shares of the Acquiring Fund, on the books of the Acquiring Fund, to each shareholder of the Acquired Fund, in accordance with a list (the "Shareholder List") of its shareholders received from the Acquired Fund; and (b) confirm an appropriate number of Class AAA Shares of the Acquiring Fund to each shareholder of the Acquired Fund. No certificates for Class AAA Shares of the Acquiring Fund will be issued in connection with the reorganization contemplated hereby. The Shareholder List shall indicate, as of the close of business on the Valuation Date, the name and address of each shareholder of the Acquired Fund, indicating his or her share balance. The Acquired Fund agrees to supply the Shareholder List to the Acquiring Fund not later than the Closing Date. 6. As soon as practicable, and in any event within one year after the closing, the Acquired Fund shall (a) effect its dissolution with the proper state authorities, terminate its registration under the Act and file a final annual report on Form N-SAR with the Securities and Exchange Commission under that Act; and (b) either pay or make provision for payment of all of its liabilities not transferred to the Acquiring Fund, if any, and taxes, if any. 7. Subsequent to the date of approval by shareholders of the Acquired Fund of the transactions contemplated by this Agreement and prior to the Closing Date, there shall be coordination between the parties as to their respective portfolios so that, after the closing, the Acquiring Fund will be in compliance with all of its investment policies and restrictions. At the time of delivery of portfolio securities for examination as provided in Section 8, the Acquired Fund shall deliver to the Acquiring Fund two copies of a list setting forth the securities then owned by the Acquired Fund and the respective adjusted federal income tax basis thereof, including any additional information relevant to the characterization of such securities or distributions thereon in the hands of the Acquiring Fund. 8. Portfolio securities or written evidence acceptable to the Acquiring Fund of record ownership thereof by The Depository Trust Company or through the Federal Reserve Book Entry System or any other depository approved by the Acquired Fund pursuant to Rule 17f-4 under the Act shall be presented by the Acquired Fund to the Acquiring Fund or, at its request, to its custodian, for examination no later than five business days preceding the Closing Date, and shall be delivered, or transferred by appropriate transfer or assignment documents, by the Acquired Fund on the Closing Date to the Acquiring Fund, duly endorsed in proper form for transfer in such condition as to constitute good delivery thereof in accordance with the custom of brokers and shall be accompanied by all necessary state transfer stamps, if any, or a check for the appropriate purchase price thereof. The cash delivered, if any, shall be in the form of certified or bank cashiers checks or by bank wire payable to the order of the Acquiring Fund. The number of Class AAA Shares (to the nearest whole share) of the Acquiring Fund being delivered against the securities and cash of the Acquired Fund, registered in the name of the Acquired Fund, shall be delivered to the Acquired Fund on the Closing Date. Such Class AAA Shares shall thereupon be assigned by the Acquired Fund to its shareholders so that the Class AAA Shares of the Acquiring Fund may be distributed as provided in Section 5. If, at the Closing Date, the Acquired Fund is unable to make delivery under this Section 8 to the Acquiring Fund of any of its portfolio securities or cash for the reason that any of such securities purchased by the Acquired Fund, or the cash proceeds of a sale of portfolio securities, prior to the Closing Date have not yet been delivered to it or the Acquired Fund's custodian, then the delivery requirements of this Section 8 with respect to said undelivered securities or cash will be waived and the Acquired Fund will deliver to the Acquiring Fund by or on the Closing Date and with respect to said undelivered securities or cash executed copies of an agreement or agreements of assignment in a form reasonably satisfactory to the Acquiring Fund, together with such other documents, including a due bill or due bills and brokers' confirmation slips as may reasonably be required by the Acquiring Fund. 9. The Acquired Fund will use its best efforts to discharge all known liabilities, so far as may be possible, prior to the Closing Date. The Acquiring Fund shall assume only those liabilities, expenses, costs, charges and reserves reflected on a Statement of Assets and Liabilities of the Acquired Fund, prepared on behalf of the Acquired Fund, as of the Valuation Date, in accordance with generally accepted accounting principles consistently applied from the prior audit period. The Acquiring Fund shall also assume any known or disclosed liabilities incurred by or on behalf of the Acquired Fund specifically arising from or relating to the operations and/or transactions of the Acquired Fund prior to and including the Valuation Date which are not reflected on the Statement of Assets and Liability of the Acquired Fund described herein. 10. The obligations of the Acquiring Fund hereunder shall be subject to the following conditions: A. The Board of Trustees of the Acquired Fund shall have authorized the execution of this Agreement and the shareholders of the Acquired Fund shall have approved the transactions contemplated herein, and the Acquired Fund shall have furnished to the Acquiring Fund copies of resolutions to that effect; such shareholder approval shall have been by the vote of the holders of a majority of the outstanding voting securities of the Acquired Fund entitled to vote at a meeting for which proxies have been solicited by the combined proxy statement and prospectus, as amended, which shall include any prospectus and/or report to shareholders of the Acquiring Fund that is included with the materials mailed to shareholders of the Acquired Fund (the "Combined Proxy Statement/Prospectus"). B. The Acquiring Fund shall have received an opinion from Paul, Hastings, Janofsky & Walker LLP, dated the Closing Date, to the effect that (i) the Acquired Fund is a validly existing Delaware statutory trust under the laws of Delaware with full trust powers to carry on its business as then being conducted and to enter into and perform this Agreement; and (ii) all trust action necessary to make this Agreement, according to its terms, valid, binding and enforceable on the Acquired Fund and to authorize effectively the transactions contemplated by this Agreement have been taken by the Acquired Fund. Such counsel shall be entitled to rely on the opinion of special Delaware counsel with respect to matters of Delaware statutory trust law in rendering their opinion. C. The representations and warranties of the Acquired Fund contained herein shall be true and correct at and as of the Closing Date. D. On the Closing Date, the Acquired Fund shall have provided to the Acquiring Fund the amount of the capital loss carry-over, net operating loss, and net unrealized appreciation or depreciation, if any, with respect to the Acquired Fund as of the Closing Date. E. A registration statement filed by the Acquiring Fund solely under the Securities Act of 1933 on Form N-14 and containing the Combined Proxy Statement/Prospectus shall have become effective under that Act. F. The Acquiring Fund shall have received an opinion, dated the Closing Date, of Paul, Hastings, Janofsky & Walker LLP, to the same effect as the opinion contemplated by Section 11D of this Agreement. 11. The obligations of the Acquired Fund hereunder shall be subject to the following conditions: A. The shareholders of the Acquired Fund shall have approved the transactions contemplated by this Agreement. B. The Acquired Fund shall have received an opinion from Paul, Hastings, Janofsky & Walker LLP, dated the Closing Date, to the effect that (i) the Acquiring Fund is a validly existing Massachusetts business trust under the laws of Massachusetts with full corporate powers to carry on its business as then being conducted and to enter into and perform this Agreement; (ii) all corporate action necessary to make this Agreement, according to its terms, valid, binding and enforceable upon the Acquiring Fund and to authorize effectively the transactions contemplated by this Agreement have been taken by the Acquiring Fund, and (iii) the Class AAA Shares of the Acquiring Fund to be issued hereunder are duly authorized and when issued will be validly issued, fully-paid and non- assessable. Such counsel shall be entitled to rely on the opinion of special Massachusetts counsel with respect to matters of Massachusetts business trust law in rendering their opinion. C. The representations and warranties of the Acquiring Fund contained herein shall be true and correct at and as of the Closing Date, and the Acquired Fund shall have been furnished with a certificate of the President, Secretary or Treasurer of the Acquiring Fund to that effect, dated the Closing Date. D. The Acquired Fund shall have received an opinion from Paul, Hastings, Janofsky & Walker LLP to the effect that, subject to the representations of the Acquired Fund herein, to be delivered on the Closing Date, for federal income tax purposes: (a) The Acquired Fund's transfer of all of its assets and liabilities, if any, to the Acquiring Fund solely in exchange for Class AAA Shares of the Acquiring Fund, followed by the Acquired Fund's distribution of Class AAA Shares of the Acquiring Fund to the Acquired Fund's shareholders as part of the liquidation of the Acquired Fund will qualify as a tax-free "reorganization" within the meaning of Section 368(a)(1)(C) of the Code. The Acquired Fund and the Acquiring Fund will each be "a party to a reorganization" within the meaning of Section 368(b) of the Code; (b) No gain or loss will be recognized by the shareholders of the Acquired Fund upon the exchange of shares of the Acquired Fund for the Class AAA Shares of the Acquiring Fund (Section 354(a) of the Code); (c) The Acquired Fund will not recognize gain or loss under the provisions of the Code upon the transfer of all of its assets and liabilities, if any, to the Acquiring Fund solely in exchange for Class AAA Shares of the Acquiring Fund (Sections 361(a) and 357(a) of the Code); (d) The Acquiring Fund will not recognize gain or loss upon its receipt of all of the Acquired Fund's assets and liabilities, if any, solely in exchange for Class AAA Shares of the Acquiring Fund (Section 1032(a) of the Code); (e) The basis of the Class AAA Shares of the Acquiring Fund received by the shareholders of the Acquired Fund will be the same as the basis in the shares of the Acquired Fund surrendered in exchange therefor (Section 358(a)(1) of the Code); (f) The holding period of the Class AAA Shares of the Acquiring Fund received in exchange for Acquired Fund shares by the shareholders of the Acquired Fund will include the period that the shareholders of the Acquired Fund held the Acquired Fund shares surrendered in exchange therefor, provided that such Acquired Fund shares are held by the shareholders as capital assets on the date of the exchange (Section 1223(1) of the Code); (g) The tax basis of the Acquired Fund's assets acquired by the Acquiring Fund will be the same as the tax basis of such assets to the Acquired Fund immediately prior to the transaction (Section 362(b) of the Code); and (h) The holding period of the assets of the Acquired Fund in the hands of the Acquiring Fund will include the period during which those assets were held by the Acquired Fund (Section 1223(2) of the Code). E. A registration statement filed by the Acquiring Fund under the Securities Act of 1933 on Form N-14, containing the Combined Proxy Statement/Prospectus shall have become effective under that Act. 12. The Acquired Fund hereby represents and warrants that: (a) The Board of Trustees of the Acquired Fund shall have authorized the execution of this Agreement; (b) The financial statements of the Acquired Fund as of March 31, 2008, heretofore furnished to the Acquiring Fund, present fairly the financial position, results of operations, changes in net assets, and total liabilities of the Acquired Fund as of that date, in conformity with accounting principles generally accepted in the United States of America applied on a basis consistent with the preceding year; and that from March 31, 2008, through the date hereof, there have not been, and through the Closing Date there will not be, any material adverse change in the business or financial condition of the Acquired Fund, it being agreed that a decrease in the size of the Acquired Fund due to a diminution in the value of its portfolio and/or redemption of its shares shall not be considered a material adverse change; (c) The prospectus contained in the Acquired Fund's registration statement under the Act and the Securities Act of 1933, dated August 1, 2008, as amended and supplemented, is true, correct and complete, conforms to the requirements of the Act and the Securities Act of 1933 and does not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. The Acquired Fund's registration statement, as amended, was, as of the date of the filing of the last post-effective amendment, true, correct and complete, conformed to the requirements of the Act and the Securities Act of 1933 and did not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; (d) There is no material contingent liability of the Acquired Fund and no material legal, administrative, or other proceedings or investigations pending or, to the knowledge of the Acquired Fund, threatened against the Acquired Fund, not reflected in such prospectus; (e) There are no material contracts outstanding to which the Acquired Fund is a party other than those ordinary in the conduct of its business; (f) The Acquired Fund is a validly existing Delaware statutory trust; (g) All federal and other tax returns and reports of the Acquired Fund required by law to be filed have been filed, and all federal and other taxes shown as due on said returns and reports have been paid or provision shall have been made for the payment thereof and to the best of the knowledge of the Acquired Fund no such return is currently under audit and no assessment has been asserted with respect to such returns and to the extent such tax returns with respect to the taxable year of the Acquired Fund ended March 31, 2009, have not been filed, such returns will be filed when required and the amount of tax shown as due thereon shall be paid when due; (h) The Acquired Fund has elected to be treated as a regulated investment company beginning with its first taxable year and, for each fiscal year of its operations, the Acquired Fund has met the requirements of Subchapter M of the Code for qualification and treatment as a regulated investment company and the Acquired Fund intends to meet such requirements with respect to its current taxable year. The Acquired Fund is an investment company within the meaning of Section 368(a)(2)(F)(i) and (iii) of the Code and satisfies the diversification requirements of Section 368(a)(2)(F)(ii). Not more than 25 percent of the value of the Acquired Fund's total assets is invested in the stock and securities of any one issuer, the stock of two or more controlled issuers in the same or similar trades or businesses or related trades or businesses, or qualified publicly traded partnerships, and not more than 50 percent of the value of the Acquired Fund's total assets is invested in the stock and securities of five or fewer issuers; (i) The Acquired Fund will transfer to the Acquiring Fund assets representing at least 90 percent of the fair market value of the net assets and 70 percent of the gross assets held by the Acquired Fund immediately prior to the transaction. In calculating these percentages, all redemptions and distributions (other than distributions required pursuant to Section 22(e) of the Act or to enable the Acquired Fund to qualify as a regulated investment company) made by the Acquired Fund immediately prior to the transfer and which are part of the plan of reorganization will be considered as assets held by the Acquired Fund immediately prior to the transfer; (j) To the knowledge of the Acquired Fund, there is no plan or intention by the shareholders of the Acquired Fund who own five percent or more of the Fund's shares, and, to the best of the knowledge of management of the Acquired Fund, there is no plan or intention on the part of the remaining shareholders of the Acquired Fund to sell, exchange, or otherwise dispose of a number of Class AAA Shares of the Acquiring Fund received in the transaction that would reduce the Acquired Fund's shareholders' ownership of Class AAA Shares of the Acquiring Fund to a number of Class AAA Shares having a value as of the Closing Date of less than 50 percent of the value of all of the formerly outstanding stock of the Acquired Fund as of the Closing Date. There are no dissenters' rights in the transaction, and no cash will be exchanged for stock of the Acquired Fund in lieu of fractional Class AAA Shares of the Acquiring Fund. Shares of the Acquired Fund and Class AAA Shares of the Acquiring Fund held by a shareholder of the Acquired Fund and otherwise sold, redeemed, or disposed of prior or subsequent to the transaction will be considered in making this representation; (k) The Acquired Fund will distribute the Class AAA Shares of the Acquiring Fund and any other property it receives in this transaction, and its other properties, in pursuance of this Agreement; (l) The Acquired Fund's liabilities assumed by the Acquiring Fund and the liabilities to which the transferred assets of the Acquired Fund are subject were incurred in the ordinary course of its business; (m) The Acquired Fund is not under the jurisdiction of a court in a Title 11 or similar case within the meaning of Section 368(a)(3)(A) of the Code; (n) As soon as practicable, but in no event later than 12 months following the date that all of the assets are transferred to the Acquiring Fund, the Acquired Fund will be liquidated and dissolved under state law; (o) The fair market value of the assets of the Acquired Fund transferred to the Acquiring Fund will equal or exceed the sum of the liabilities assumed by the Acquiring Fund plus the amount of liabilities, if any, to which the transferred assets are subject; (p) The sum of the liabilities of the Acquired Fund to be assumed by the Acquiring Fund and the expenses of the transaction do not and will not exceed twenty percent of the fair market value of the assets of the Acquired Fund on the Valuation Date or the Closing Date; 13. The Acquiring Fund hereby represents and warrants that: (a) The Board of Trustees of the Acquiring Fund shall have authorized the execution of this Agreement and the transactions contemplated hereby, and shall have furnished to the Acquired Fund copies of resolutions to that effect; (b) The financial statements of the Acquiring Fund as of September 30, 2008, heretofore furnished to the Acquired Fund, present fairly the financial position, results of operations, and changes in net assets of the Acquiring Fund, as of that date, in conformity with accounting principles generally accepted in the United States of America applied on a basis consistent with the preceding year; and that from September 30, 2008, through the date hereof, there have not been, and through the Closing Date there will not be, any material adverse changes in the business or financial condition of the Acquiring Fund, it being understood that a decrease in the size of the Acquiring Fund due to a diminution in the value of its portfolio and/or redemption of its Class AAA Shares shall not be considered a material or adverse change; (c) The prospectus contained in the Acquiring Fund's registration statement under the Act and the Securities Act of 1933, dated January 28, 2008, as amended and supplemented, is true, correct and complete, conforms to the requirements of the Act and the Securities Act of 1933 and does not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. The Acquiring Fund's registration statement, as amended, was, as of the date of the filing of the last post-effective amendment, true, correct and complete, conformed to the requirements of the Act and the Securities Act of 1933 and did not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; (d) There is no material contingent liability of the Acquiring Fund and no material, legal, administrative, or other proceedings or investigations pending or, to the knowledge of the Acquiring Fund, threatened against the Acquiring Fund, not reflected in such prospectus; (e) There are no material contracts outstanding to which the Acquiring Fund is a party other than those ordinary in the conduct of its business and there are no outstanding options or rights to acquire its Class AAA Shares; (f) The Acquiring Fund is a validly existing Massachusetts business trust; has all necessary and material federal, state and local authorizations to own all its properties and assets and to carry on its business as now being conducted; the Class AAA Shares of the Acquiring Fund which the Acquiring Fund issues to the Acquired Fund pursuant to this Agreement will be duly authorized, validly issued, fully-paid and non-assessable; will conform to the description thereof contained in the Acquiring Fund's registration statement, and will be duly registered under the Securities Act of 1933 and the states where registration is required; and the Acquiring Fund is duly registered under the Act and such registration has not been revoked or rescinded and is in full force and effect; (g) All federal and other tax returns and reports of the Acquiring Fund required by law to be filed have been filed, and all federal and other taxes shown due on said returns and reports have been paid or provision shall have been made for the payment thereof and to the best of the knowledge of the Acquiring Fund no such return is currently under audit and no assessment has been asserted with respect to such returns and to the extent such tax returns with respect to the taxable year of the Acquiring Fund ended September 30, 2008, have not been filed, such returns will be filed when required and the amount of tax shown as due thereon shall be paid when due; (h) The Class AAA Shares of the Acquiring Fund constitute voting stock for purposes of Sections 368(a)(1)(C) and 368(c) of the Code; (i) The Acquiring Fund has elected to be treated as a regulated investment company and, for each fiscal year of its operations, it has met the requirements of Subchapter M of the Code for qualification and treatment as a regulated investment company and it intends to meet such requirements with respect to its current taxable year. The Acquiring Fund is an investment company that meets the requirements of a regulated investment company as defined in Section 368(a)(2)(F)(i) of the Code. Not more than 25 percent of the value of the Acquiring Fund's total assets is invested in the stock and securities of any one issuer, and not more than 50 percent of the value of the Acquiring Fund's total assets is invested in the stock and securities of five or fewer issuers; (j) The Acquiring Fund has no plan or intention (i) to sell or dispose of any of the assets transferred by the Acquired Fund, except for dispositions made in the ordinary course of business or dispositions necessary to maintain its status as a regulated investment company or (ii) to redeem or reacquire any of the shares issued by it, except in the ordinary course of business; (k) After consummation of the transactions contemplated by the Agreement, the Acquiring Fund will continue to operate its business in a substantially unchanged manner; (l) Following the transaction, the Acquiring Fund will continue the historic business of the Acquired Fund or use a significant portion of the Acquired Fund's historic business assets in a business; and (m) The Acquiring Fund does not own, directly or indirectly, nor has it owned during the past five years directly or indirectly, any Class AAA Shares of the Acquiring Fund. 14. Each party hereby represents to the other that no broker or finder has been employed by it with respect to this Agreement or the transactions contemplated hereby. Each party also represents and warrants to the other that the information concerning it in the Combined Proxy Statement/Prospectus will not, as of its date, contain any untrue statement of a material fact or omit to state a fact necessary to make the statements concerning it therein not misleading and that the financial statements concerning it will present the information shown fairly in accordance with generally accepted accounting principles consistently applied. Each party also represents and warrants to the other that this Agreement is valid, binding and enforceable in accordance with the terms and that the execution, delivery and performance of this Agreement will not result in any violation of, or be in conflict with, any provision of any charter, by-laws, contract, agreement, judgment, decree or order to which it is subject or to which it is a party. The Acquiring Fund hereby represents to and covenants with the Acquired Fund that, if the reorganization becomes effective, the Acquiring Fund will treat each shareholder of the Acquired Fund who received any of the Class AAA Shares of the Acquiring Fund as a result of the reorganization as having made the minimum initial purchase of Class AAA Shares of the Acquiring Fund received by such shareholder for the purpose of making additional investments in Class AAA Shares, regardless of the value of the Class AAA Shares of the Acquiring Fund received. Each party hereby further represents and warrants that: (a) The fair market value of the Class AAA Shares of the Acquiring Fund received by each shareholder of the Acquired Fund will be approximately equal to the fair market value of the shares of the Acquired Fund surrendered in the exchange; (b) Teton, the Acquiring Fund's investment adviser, will (i) bear the expenses of the Acquired Fund's shareholder meeting with respect to the reorganization contemplated hereby, including legal, proxy and solicitation expenses, (ii) reimburse the Acquired Fund for its legal fees incurred from October 22, 2008, through November 28, 2008, up to a maximum of $10,000, with respect to the preparation of a letter agreement and retention of Teton as the interim investment adviser to the Acquired Fund, and (iii) bear any expenses payable by the Acquired Fund in connection with the Acquired Fund's current accounting, administration, transfer agency and/or custodian agreements triggered by the termination of any such agreements in connection with said reorganization; and (c) There is no intercorporate indebtedness existing between the Acquired Fund and the Acquiring Fund that was issued, acquired, or will be settled at a discount. 15. The Acquiring Fund agrees that it will prepare and file a registration statement under the Securities Act of 1933 on Form N-14 and which shall contain the Combined Proxy Statement and Prospectus contemplated by Rule 145 under the Securities Act of 1933. Each party agrees that it will use its best efforts to have such registration statement declared effective and to supply such information concerning itself for inclusion in the Combined Proxy Statement/Prospectus as may be necessary or desirable in this connection. 16. The obligations of the parties under this Agreement shall be subject to the right of either party to abandon and terminate this Agreement without liability if the other party breaches any material provision of this Agreement or if any material legal, administrative or other proceeding shall be instituted or threatened between the date of this Agreement and the Closing Date (i) seeking to restrain or otherwise prohibit the transactions contemplated hereby and/or (ii) asserting a material liability of either party not disclosed on the date hereof, which proceeding has not been terminated or the threat thereof removed prior to the Closing Date. 17. All prior or contemporaneous agreements and representations (written or oral) are merged into this Agreement, which constitutes the entire contract between the parties hereto and may not be changed or terminated orally. 18. This Agreement may be amended, modified or supplemented in writing at any time by mutual consent of the parties hereto, notwithstanding approval hereof by the shareholders of the Acquired Fund, provided that no such amendment shall have a material adverse effect on the interests of such shareholders without their further approval. 19. At any time prior to the Closing Date, the parties may waive compliance with any of the provisions made for its benefit contained herein by executing a written acknowledgement of such waiver. 20. Except as specified in the next sentence set forth in this paragraph 20, the representations, warranties or covenants contained in this Agreement or in any document delivered pursuant hereto or in connection herewith shall not survive the reorganization. The covenants to be performed after the Closing Date shall survive the closing. 21. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving effect to principles of conflicts of laws. 22. Any notice, report, statement or demand required or permitted by any provision of this Agreement shall be in writing and shall be delivered by personal delivery, commercial delivery service or registered or certified mail, return receipt requested, or sent by telefacsimile, and addressed as follows: To the Acquired Fund: The B.B. Funds c/o Michael D. LeRoy, Chairman of the Board 301 North Lake Avenue Suite 920 Pasadena, California 91101 (626) 793-3631 (fax) With a copy to: Michael Glazer Paul, Hastings, Janofsky & Walker LLP 515 South Flower Street Los Angeles, California 90071 (213) 996-3207 (fax). To the Acquiring Fund or Teton: GAMCO Westwood Funds or Teton Advisors, Inc. Attention: Jeffrey M. Farber One Corporate Center Rye, New York 10580 (914) 921-5384 (fax) With a copy to: Michael R. Rosella, Esq. Paul, Hastings, Janofsky & Walker LLP 75 East 55th Street New York, New York 10022 (212) 319-4090 23. This Agreement may be executed in several counterparts, each of which shall be deemed an original, but all taken together shall constitute one Agreement. The rights and obligations of each party pursuant to this Agreement shall, however, not be assignable. [SIGNATURES APPEAR ON FOLLOWING PAGE] IN WITNESS WHEREOF, each of the parties has caused this Agreement to be executed and attested by its officers thereunto duly authorized on the date first set forth above. THE B.B. FUNDS on behalf of the B.B. Micro-Cap Growth Fund By: Name: M. David Cottrell Title: Treasurer GAMCO WESTWOOD FUNDS on behalf of the GAMCO Westwood Mighty MitesSM Fund By: Name: Bruce N. Alpert Title: President TETON ADVISORS, INC. (solely with respect to Section 14(b) hereof) By: Name: Jeffrey M. Farber Title: Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----