Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
GABELLI MARIO J
   2. Issuer Name and Ticker or Trading Symbol
GABELLI GLOBAL MULTIMEDIA TRUST INC [GGT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O GABELLI ASSET MANAGEMENT INC, ONE CORPORATE CENTER		 3. Date of Earliest Transaction (Month/Day/Year)
01/25/2006
(Street)

RYE, NY 10580		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, Par Value $0.001 01/25/2006   P   4,500 A $ 10.4367 37,476 I GAMCO Investors, Inc. (1)
Common Stock, Par Value $0.001               213,828.29 D  
Common Stock, Par Value $0.001               8,286 I Limited Partnership (2)
Common Stock, Par Value $0.001               105,512 I Gabelli Securities, Inc. (3)
Common Stock, Par Value $0.001               169,263 I GGCP, Inc. (4)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GABELLI MARIO J
C/O GABELLI ASSET MANAGEMENT INC
ONE CORPORATE CENTER
RYE, NY 10580		   X      
GAMCO INVESTORS, INC. ET AL
ONE CORPORATE CENTER
RYE, NY 10580		     X    
GGCP, INC.
140 GREENWICH AVENUE
GREENWICH, CT 06830		     X    

Signatures

 /s/ James E. McKee as Attorney-in-Fact for Mario J. Gabelli and GGCP, Inc. and as Secretary for GAMCO Investors, Inc.   01/26/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These shares are owned by GAMCO Investors, Inc. The other reporting persons have less than a 100% interest in this entity.
(2) The shares reported are the total shares owned by this entity. Mr. Gabelli has less than a 100% interest in this entity and the other reporting persons have no interest in this entity.
(3) The shares reported are the total shares owned by this entity. The reporting persons have less than a 100% interest in this entity.
(4) These shares are owned by GGCP, Inc. Mr. Gabelli has less than a 100% interest in this entity and GAMCO Investors, Inc. has no interest in this entity.

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