BANCROFT FUND LTD — Director's Dealing 2006

Sep 19, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BANCROFT FUND LTD (BCV)
CIK: 0000009521
Period of Report: 2006-09-15

Reporting Person: PLATT NICOLAS W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-09-15	Shares of Beneficial Interest	P	245	$18.85	Acquired	250	Direct

Footnotes

F1: On March 17, 2006, Bancroft Convertible Fund, Inc. (the "Fund"), a Delaware corporation, reorganized as Bancroft Fund Ltd., a Delaware statutory trust, pursuant to a merger. The merger had the effect of changing the Fund's form of organization, but did not alter the proportionate interests of security holders.