SECURITIES AND EXCHANGE COMMISSION 
           	Washington, D.C. 20549

           	     Schedule 13G

       Under the Securities Exchange Act of 1934 
       (Amendment No. 1_____________)*

       		Gabelli Global Multimedia Trust Inc.	
		(Name of Issuer)

			Common Stock	
		(Title of Class of Securities)

			36239Q109	
			(CUSIP Number)

		December 31, 2004	
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule 
is filed:
[X ]	Rule 13d-1(b)
[  ]	Rule 13d-1(c)
[  ]	Rule 13d-1(d)


*The remainder of this cover page shall be filled out for a reporting person's 
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the 
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be 
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange 
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see 
the Notes).

(Continued on following page(s))

Page 1 of 6 Pages



CUSIP No. 36239Q109
13G
Page 2 of 6 Pages

1.	NAME OF REPORTING PERSON
	S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
	
	A.G. Edwards & Sons, Inc.
	43-0895447

2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a) 
	(b) X

3.	SEC USE ONLY

4.	CITIZENSHIP OR PLACE OF ORGANIZATION

	State of organization:  Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5.	SOLE VOTING POWER
		
		370,197

6.	SHARED VOTING POWER
		
		-0- Shares

7.	SOLE DISPOSITIVE POWER

		370,197

8.	SHARED DISPOSITIVE POWER
		
		-0- Shares

9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
		
		370,197

10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

		2.6%

12.	TYPE OF REPORTING PERSON*

		BD

*SEE INSTRUCTION BEFORE FILLING OUT!



Page 3 of 6 Pages

Item 1 (a).	Name of Issuer:
		
		Gabelli Global Multimedia Trust Inc.

Item 1 (b).	Address of Issuer's Principal Executive Offices
		
		One Corporate Center
		Rye, NY  10580

Item 2(a).	Name of Person Filing:
		
		A.G. Edwards & Sons, Inc.

Item 2(b).	Address of Principal Business Office or, if none, Residence:

		One North Jefferson
		St. Louis, MO 63103

Item 2(c).	Citizenship:

		State of organization:  Delaware

Item 2(d).	Title of Class of Securities:

		Common Stock

Item 2(e).	CUSIP Number:
		
		36239Q109

Item 3.	If this statement is filed pursuant to Rules 13-d-l(b), or 13d-2(b), 
check whether the person filing is a:

	(a)	[X]	Broker or Dealer registered under section 15 of the Act

	(b)	[  ]	Bank as defined in section 3(a)(6) of the Act

	(c)	[  ]	Insurance Company as defined in section 3(a)(19) of the
			 Act

	(d)	[  ]	Investment Company registered under section 8 of the 
			Investment Company Act



Page 4 of 6 Pages

	(e)	[  ]	Investment Adviser registered under section 203 of the 
			Investment Advisers Act of 1940

	(f)	[  ]	Employee Benefit Plan, Pension Fund which is subject to
			the provisions of the Employee Retirement Income 
			Security Act of 1974 or Endowment Fund; see 
			Rule 13d-1 (b)(ii)(F)

	(g)	[  ]	Parent Holding Company, in accordance with 
			Rule 13d-l(b)(ii)(G) (Note:  See Item 7)

	(h)	[  ]	Group, in accordance with Rule 13d-1 (b)(1)(ii)(H)

Item 4.	Ownership:

	(a)	Amount Beneficially Owned as of December 31, 2004
			
			370,197
	
	(b)	Percent of Class:
	
			2.6%
	
	(c)	Number of Shares as to which such person has:

	(i)	sole power to vote or to direct the vote:
	
			370,197
	
	(ii)	shared power to vote or to direct the vote:
	
			-0- Shares

	(iii)	sole power to dispose or to direct the disposition of:
	
			370,197

	(iv)	shared power to dispose or to direct the disposition of:
	
			-0- Shares



Page 5 of 6 Pages

Item 5.	Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following box: [X}

Item 6.	Ownership of More than Five Percent of Behalf of Another Person.

	None

Item 7.	Identification and Classification of the Subsidiary Which Acquired the 
Security Being Reported on By the Parent Holding Company.

	Not Applicable

Item 8.	Identification and Classification of Members of the Group.

	Not Applicable

Item 9.	Notice of Dissolution of Group.

	Not Applicable

Item 10.Certification.

	(a)	The following certification shall be included if the statement 
		is filed pursuant to Rule 13d-1 (b):

	By signing below I certify that, to the best of my knowledge and 
belief,the securities referred to above were acquired in the ordinary course of 
business and were not acquired for the purposes of and do not have the effect 
of changing or influencing the control of the issuer of such securities and 
were not acquired in connection with or as a participant in any transaction 
having such purposes or effect.



Page 6 of 6 Pages

Signature.

After reasonable inquiry and to the best of my knowledge and belief, I certify 
that the information set forth in this statement is true, complete and correct.



		February 11, 2005	
		Date



By:	    	/s/Joseph G. Porter	



		Joseph G. Porter
		Vice President	
		Name/Title