Total Return Securities Fund — Director's Dealing 2007

Jul 3, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SWISS HELVETIA FUND, INC. (SWZ)
CIK: 0000813623
Period of Report: 2007-06-29

Reporting Person: HOTTINGER GE (Parent Co. of Invest. Advisor)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-22	Common Stock	X	47769	$16.6	Acquired	191074	Direct
2007-06-22	Common Stock	X	3275	$16.6	Acquired	204172	Indirect
2007-06-22	Common Stock	X	11339	$16.6	Acquired	249527	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-22	Subscription Rights (right to buy)	$16.6	X	143307	Disposed	2007-06-22	Common Stock (47769)	Direct
2007-06-22	Subscription Rights (right to buy)	$16.6	X	9825	Disposed	2007-06-22	Common Stock (3275)	Indirect
2007-06-22	Subscribition Rights (right to buy)	$16.6	X	34017	Disposed	2007-06-22	Common Stock (11339)	Indirect

Footnotes

F1: Subscription price determined by 92.5% of the average of the last reported sales price per share on the NYSE for the five trading days ended June 22, 2007 (the Expiration Date).

F2: Hottinger Treuhand is a subsidiary of Hottinger & Cie. Prior to the rights offering, Hottinger Treuhand owned 9823 shares. Through the offering, they ubscribed to 3275 shares and now own 13,098 shares.

F3: Hottinger Bank & Trust is a subsidiary of Hottinger & Cie. Before the rights offering, Hottinger Bank & Trust owned 34016 shares. They purchased 11339 through the rights offering and now own a total of 45355 shares.

F4: The shares of common stock under Item 4 of Table I were acquired through subscription in the Fund's 1-for-3 rights offering. Shares of Common Stock were issued pursuant to the exercise of:143307 rights issued to Hottinger & Cie, 9823 rights issued to Hottinger Treuhand, and 34016 rights issued to Hottinger Bank & Trust. These were acquired on June 29, 2007.