SOURCE: Ellsworth Fund Ltd.

February 12, 2007 13:52 ET

Ellsworth Fund Ltd. Announces Monthly Portfolio Data

MORRISTOWN, NJ -- (MARKET WIRE) -- February 12, 2007 -- Ellsworth Fund Ltd. (AMEX: ECF) today reported portfolio data for the month ended January 31, 2007. 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                   3.8
Nuveen Investments, Inc.                  2.7
LSB Industries, Inc.                      2.4
Prudential Financial, Inc.                2.4
Celanese Corp.                            2.3
The St. Paul Travelers Companies, Inc.    2.3
Bristol-Myers Squibb Co.                  2.1
Genworth Financial, Inc.                  2.0
MetLife, Inc.                             2.0
Teva Pharmaceutical Industries Ltd.       1.9


Major Industry Exposure
                              % of Net Assets
Insurance                                13.0
Pharmaceuticals                          11.0
Semiconductors                            9.9
Energy                                    8.6
Entertainment                             5.5
Multi-Industry                            5.5
Banking/Savings and Loan                  5.4
Aerospace and Defense                     5.2
Telecommunications                        4.8
Computer Hardware                         4.2


Portfolio Composition
                              % of Net Assets
Convertible Bonds and Notes              61.1
Convertible Preferred Stocks             15.7
Mandatory Convertible Securities         17.1
Common Stocks                             2.8
Cash and Equivalents                      3.3
      TOTAL NET ASSETS                  100.0
Data is unaudited and as of January 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, 2006.

Detailed quarterly portfolio information, as of December 31, 2006, is available on our website (http://www.ellsworthfund.com). 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

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