SOURCE: Ellsworth Convertible Growth & Income Fund, Inc.

November 14, 2005 15:02 ET

Ellsworth Convertible Growth and Income Fund Announces Monthly Portfolio Data

MORRISTOWN, NJ -- (MARKET WIRE) -- November 14, 2005 -- Ellsworth Convertible Growth and Income Fund, Inc. (AMEX: ECF) today reported monthly portfolio data for the month ended October 31, 2005. Data is based on market value. Holdings may change without notice.

Top Ten Holdings by underlying common stock
                                             % of Net Assets
Chesapeake Energy Corp.                            3.4
The Walt Disney Company                            3.0
Nuveen Investments, Inc.                           2.5
The St. Paul Travelers Companies, Inc.             2.3
Genworth Financial, Inc.                           2.1
The TJX Companies, Inc.                            2.1
Best Buy Co., Inc.                                 2.0
Freeport-McMoRan Copper and Gold, Inc.             2.0
MetLife, Inc.                                      2.0
Teva Pharmaceutical Industries Ltd.                2.0

Major Industry Exposure
                                             % of Net Assets
Financial and Insurance                           16.1
Energy                                            13.0
Pharmaceuticals                                   11.8
Technology                                         8.5
Banking/Savings and Loan                           7.5
Retail                                             6.6
Telecommunications                                 6.0
Entertainment                                      4.3
Health Care                                        4.1
Chemicals                                          3.5

Portfolio Composition
                                             % of Net Assets
Convertible Bonds and Notes                       51.1
Convertible Preferred Stocks                      24.8
Mandatory Convertible Securities                  17.8
Common Stocks                                      3.5
Cash and Equivalents                               2.8
      TOTAL NET ASSETS                           100.0
Data is unaudited and as of October 31, 2005. This selected information should be read in conjunction with the financial statements and notes included in the Company's Semi-Annual Report to Stockholders for the six months ended March 31, 2005.

Detailed quarterly portfolio information, as of September 30, 2005 is available on our website (http://www.ellsworthfund.com). Visit us there or contact us by email at info@ellsworthfund.com or call us at (973) 631-1177.

Ellsworth is a diversified closed-end management investment company. Ellsworth's investment objective is to seek a high level of total return on its assets through a combination of current income and capital appreciation. It seeks to achieve this objective by investing primarily in convertible securities.

AMEX - BCV          Cusip 059695106

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