SOURCE: Ellsworth Fund Ltd.

August 22, 2007 14:03 ET

Ellsworth Fund Ltd. Announces Monthly Portfolio Data

MORRISTOWN, NJ--(Marketwire - August 22, 2007) - Ellsworth Fund Ltd. (AMEX: ECF) today reported portfolio data for the month ended July 31, 2007. Data is based on market value. Holdings may change without notice.

Ten Largest Investment Holdings by underlying common stock
                                     % of Net Assets
LSB Industries, Inc.                             2.9
LSI Corp.                                        2.4
Prudential Financial, Inc.                       2.4
The Walt Disney Company                          2.3
Bristow Group Inc.                               2.2
Freeport-McMoRan Copper & Gold Inc.              2.2
Nabors Industries Ltd.                           2.2
Alleghany Corp.                                  2.1
Bristol-Myers Squibb Co.                         2.0
St. Jude Medical, Inc.                           2.0

Major Industry Exposure
                                     % of Net Assets
Energy                                          10.4
Insurance                                        9.3
Pharmaceuticals                                  7.0
Semiconductors                                   6.9
Banking/Savings and Loan                         6.4
Computer Hardware                                5.3
Multi-Industry                                   5.2
Health Care                                      5.0
Minerals and Mining                              4.7
Telecommunications                               4.1

Portfolio Composition
                                     % of Net Assets
Convertible Bonds and Notes                     61.8
Corporate Bonds and Notes                        1.2
Convertible Preferred Stocks                     9.9
Mandatory Convertible Securities                20.7
Common Stocks                                    1.0
Cash and Equivalents                             5.4
   TOTAL NET ASSETS                            100.0

Portfolio Ratings from Moody's
From S&P when Moody's is unavailable
                                     % of Net Assets
Aa                                                11
A                                                 19
Baa                                               15
Ba                                                 9
B                                                 17
NR                                                28
Common Stock                                       1

Data is unaudited and as of July 31, 2007. This selected information should be read in conjunction with the financial statements and notes included in the Fund's Semi-Annual Report to Shareholders for the six months ended March 31, 2007.

Detailed quarterly portfolio information, as of June 30, 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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