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BANCROFT FUND LTD Director's Dealing 2005

Nov 28, 2005

34020_dirs_2005-11-28_e4fba66d-4ec0-441a-95ed-7bc5d5bc4698.zip

Director's Dealing

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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: BANCROFT CONVERTIBLE FUND INC (BCV)
CIK: 0000009521
Period of Report: 2005-10-31

Reporting Person: AHALT GORDON F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-02-08	Common Stock	S	600	$18.6	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1200	Direct

Footnotes

F1: The reporting person's spouse sold assets in a brokerage account, including the reported shares of the issuer, in a private transaction.

F2: The reporting person disclaimed beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person was the beneficial owner of the securities for purposes of Section 16 or for any other purpose.