SOURCE: Ellsworth Fund, Inc.

February 13, 2006 15:39 ET

Ellsworth Fund Announces Monthly Portfolio Data

MORRISTOWN, NJ -- (MARKET WIRE) -- February 13, 2006 --Ellsworth Fund, Inc. (AMEX: ECF) (formerly, Ellsworth Convertible Growth and Income Fund, Inc.) today reported monthly portfolio data for the month ended January 31, 2006. Data is based on market value. Holdings may change without notice.

Top Ten Holdings by underlying common stock
                                       % of Net Assets
The Walt Disney Company                            3.3
Teva Pharmaceutical Industries Ltd.                2.8
Nuveen Investments, Inc.                           2.7
Freeport-McMoRan Copper and Gold, Inc.             2.3
Chesapeake Energy Corp.                            2.2
The St. Paul Travelers Companies, Inc.             2.2
The TJX Companies, Inc.                            2.2
Celanese Corp.                                     2.0
Genworth Financial, Inc.                           2.0
MetLife, Inc.                                      1.9

Major Industry Exposure
                                       % of Net Assets
Financial and Insurance                           17.6
Technology                                        11.4
Energy                                             9.9
Pharmaceuticals                                    9.9
Banking/Savings and Loan                           6.5
Aerospace and Defense                              5.8
Health Care                                        5.1
Telecommunications                                 4.8
Entertainment                                      4.5
Retail                                             4.0

Portfolio Composition
                                       % of Net Assets
Convertible Bonds and Notes                       50.6
Convertible Preferred Stocks                      22.4
Mandatory Convertible Securities                  18.5
Common Stocks                                      4.2
Cash and Equivalents                               4.3
      TOTAL NET ASSETS                           100.0
Data is unaudited and as of January 31, 2006. This selected information should be read in conjunction with the financial statements and notes included in the Company's Annual Report to Stockholders for the twelve months ended September 30, 2005.

Detailed quarterly portfolio information, as of December 31, 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 - ECF    Cusip 289074106

Contact Information