Exhibit 23(d)(vii)
FORM OF
Contractual Management Fee Waiver and
Expense Reimbursement Agreement
AGREEMENT made as of the 1st day of January, 2009 by and between GAMCO
Global Series Funds, Inc. (the "Company") on behalf of The GAMCO Global
Opportunity Fund (the "Fund"), a series of the Company, and Gabelli Funds, LLC
(the "Adviser").
With respect to the Fund, the Adviser hereby agrees to waive management
fees and/or reimburse expenses to the extent necessary to maintain the Fund's
Total Annual Operating Expenses at 2.00% for Class AAA Shares, 2.00% for Class A
Shares, 2.75% for Class B Shares and 2.75% for Class C Shares and 1.75% for
Class I Shares of the average daily net assets of the Fund.
This Agreement shall be in effect until May 1, 2010 and is renewable for
an additional one-year period upon the written agreement of the parties hereto.
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be
executed as of the day and year first written above.
GABELLI GLOBAL SERIES FUNDS, INC. GABELLI FUNDS, LLC
ON BEHALF OF
THE GABELLI GLOBAL OPPORTUNITY FUND
By: By:
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Attest: Attest:
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