SOURCE: Ellsworth Fund Ltd.

December 18, 2006 11:00 ET

Ellsworth Fund Ltd. Announces Monthly Portfolio Data

MORRISTOWN, NJ -- (MARKET WIRE) -- December 18, 2006 -- Ellsworth Fund Ltd. (AMEX: ECF) today reported portfolio data for the month ended November 30, 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                            3.7
Nuveen Investments, Inc.                           2.8
The St. Paul Travelers Companies, Inc.             2.4
Celanese Corp.                                     2.1
Genworth Financial, Inc.                           2.0
LSB Industries, Inc.                               2.0
MetLife, Inc.                                      2.0
Texas Industries, Inc.                             2.0
Advanced Micro Devices, Inc.                       1.9
Euronet Worldwide, Inc.                            1.9

Major Industry Exposure
                                       % of Net Assets
Technology                                        20.4
Financial and Insurance                           17.2
Pharmaceuticals                                    9.2
Energy                                             7.6
Banking/Savings and Loan                           5.8
Aerospace and Defense                              5.4
Entertainment                                      5.4
Health Care                                        3.7
Multi-Industry                                     3.6
Chemicals                                          3.4

Portfolio Composition
                                       % of Net Assets
Convertible Bonds and Notes                       56.8
Mandatory Convertible Securities                  18.4
Convertible Preferred Stocks                      17.7
Common Stocks                                      3.0
Cash and Equivalents                               4.1
      TOTAL NET ASSETS                           100.0
Data is unaudited and as of November 30, 2006. This selected information should be read in conjunction with the financial statements and notes included in the Fund's Annual Report to Stockholders for the twelve months ended September 30, 2006.

Detailed quarterly portfolio information, as of September 30, 2006 is available on our website ( Contact us by email at 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