SOURCE: Ellsworth Fund Ltd.

May 15, 2007 15:04 ET

Ellsworth Fund Ltd. Announces Monthly Portfolio Data

MORRISTOWN, NJ -- (MARKET WIRE) -- May 15, 2007 -- Ellsworth Fund Ltd. (AMEX: ECF) today reported portfolio data for the month ended April 30, 2007. Data is based on market value. Holdings may change without notice.

Ten Largest Investment Holdings by underlying common stock
                              % of Net Assets
The Walt Disney Company                   2.9
LSI Logic Corp.                           2.8
Celanese Corp.                            2.7
Nuveen Investments, Inc.                  2.7
Prudential Financial, Inc.                2.4
MetLife, Inc.                             2.1
Bristol-Myers Squibb Co.                  2.0
Genworth Financial, Inc.                  2.0
NVIDIA Corp.                              2.0
U.S. Bancorp                              2.0

Major Industry Exposure
                              % of Net Assets
Insurance                                10.7
Semiconductors                           10.3
Pharmaceuticals                          10.0
Energy                                    8.9
Banking/Savings and Loan                  6.7
Computer Hardware                         5.5
Multi-Industry                            5.3
Aerospace and Defense                     4.6
Telecommunications                        4.3
Chemicals                                 4.1

Portfolio Composition
                              % of Net Assets
Convertible Bonds and Notes              61.5
Convertible Preferred Stocks             11.7
Mandatory Convertible Securities         21.6
Common Stocks                             2.8
Cash and Equivalents                      2.4
      TOTAL NET ASSETS                  100.0
Data is unaudited and as of April 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, 2006.

Detailed quarterly portfolio information, as of March 31, 2007 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

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