SOURCE: Ellsworth Fund Ltd.

December 21, 2007 12:20 ET

Ellsworth Fund Ltd. Announces Monthly Portfolio Data

MORRISTOWN, NJ--(Marketwire - December 21, 2007) - Ellsworth Fund Ltd. (AMEX: ECF) today reported portfolio data for the month ended November 30, 2007. Data is based on market value. Holdings may change without notice.

Ten Largest Investment Holdings by underlying common stock
                                      % of Net Assets
LSB Industries, Inc.                              2.8
Freeport-McMoRan Copper & Gold Inc.               2.7
Bristol-Myers Squibb Co.                          2.5
Prudential Financial, Inc.                        2.5
The Walt Disney Company                           2.4
Bristow Group Inc.                                2.3
Companhia Vale do Rio Doce                        2.2
New York Community Bancorp, Inc.                  2.2
Alleghany Corp.                                   2.1
MetLife, Inc.                                     2.1

Major Industry Exposure
                                      % of Net Assets
Energy                                           15.5
Insurance                                         9.3
Pharmaceuticals                                   9.3
Semiconductors                                    6.3
Minerals and Mining                               6.0
Computer Hardware                                 5.6
Telecommunications                                5.2
Banking/Savings and Loan                          5.0
Consumer Goods                                    4.7
Aerospace and Defense                             4.4

Portfolio Composition
                                      % of Net Assets
Convertible Bonds and Notes                      55.9
Corporate Bonds and Notes                         1.2
Convertible Preferred Stocks                      8.7
Mandatory Convertible Securities                 27.8
Common Stocks                                     0.7
Cash and Equivalents                              5.7
      TOTAL NET ASSETS                          100.0

Portfolio Ratings from Moody's
From S&P when Moody's is unavailable
                                      % of Net Assets
Aa                                                  3
A                                                  21
Baa                                                18
Ba                                                  5
B                                                  20
Caa                                                 2
NR                                                 30
Common Stocks                                       1

Data is unaudited and as of November 30, 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.

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