BANCROFT FUND LTD — Director's Dealing 2008

Jul 21, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BANCROFT FUND LTD (BCV)
CIK: 0000009521
Period of Report: 2008-07-17

Reporting Person: DINSMORE CAPITAL MANAGEMENT CO/NJ (Investment adviser)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-07-17	Shares of Beneficial Interest	J	2797	$18.1	Disposed	2003	Direct

Footnotes

F1: This report is filed to report the disposition of 2,797 shares, transferred to Thomas H. Dinsmore and Jane D. O'Keeffe as bonuses for services rendered as of the adviser's fiscal year end, June 30, 2008.

F2: Includes 1,531 shares acquired on various dates in fiscal years 2003 through 2008 under the BCV dividend reinvestment plan.