SOURCE: Ellsworth Fund Ltd.

November 29, 2007 11:25 ET

Ellsworth Fund Ltd. Announces Monthly Portfolio Data

MORRISTOWN, NJ--(Marketwire - November 29, 2007) - Ellsworth Fund Ltd. (AMEX: ECF) today reported portfolio data for the month ended October 31, 2007. Data is based on market value. Holdings may change without notice.

Ten Largest Investment Holdings by underlying common stock

                                         % of Net Assets
Freeport-McMoRan Copper & Gold Inc.                  3.1
LSB Industries, Inc.                                 2.8
Prudential Financial, Inc.                           2.5
The Walt Disney Company                              2.5
Bristol-Myers Squibb Co.                             2.4
Bristow Group Inc.                                   2.4
Companhia Vale do Rio Doce                           2.4
Celanese Corp.                                       2.2
New York Community Bancorp, Inc.                     2.2
Nabors Industries Ltd.                               2.2

Major Industry Exposure
                                         % of Net Assets
Energy                                              16.0
Pharmaceuticals                                      9.8
Insurance                                            9.5
Banking/Savings and Loan                             7.0
Semiconductors                                       7.0
Minerals and Mining                                  6.6
Computer Hardware                                    6.0
Telecommunications                                   5.5
Health Care                                          4.8
Aerospace and Defense                                4.3

Portfolio Composition
                                         % of Net Assets
Convertible Bonds and Notes                         64.7
Corporate Bonds and Notes                            1.2
Convertible Preferred Stocks                         9.6
Mandatory Convertible Securities                    30.1
Common Stocks                                        0.8
Cash and Equivalents                                (6.4)
     TOTAL NET ASSETS                              100.0

Portfolio Ratings from Moody's
From S&P when Moody's is unavailable
                                         % of Net Assets
Aa                                                     5
A                                                     22
Baa                                                   16
Ba                                                     7
B                                                     18
Caa                                                    1
NR                                                    30
Common Stocks                                          1

Data is unaudited and as of October 31, 2007. This selected information should be read in conjunction with the financial statements and notes included in the Fund's Annual Report to Shareholders for the twelve months ended September 30, 2007.

Detailed quarterly portfolio information, as of September 30, 2007 is available on our website ( Contact us by email at or call us at (973) 631-1177.

Ellsworth Fund Ltd. operates as a closed-end, diversified management investment company and invests primarily in convertible securities, with the objectives of providing income and the potential for capital appreciation; which objectives the Fund considers to be relatively equal, over the long-term, due to the nature of the securities in which it invests. Its shares are traded on the American Stock Exchange under the ticker symbol ECF.

AMEX - ECF Cusip 289074106

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