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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 KYhnmOEubvzmFqntLQJVEu91lxzP2KYhxXak7TkcijGPkL+2lhvLgj40xEldOPxq
 SU1Y125AFlLal13AiTY5rg==

<SEC-DOCUMENT>0001019056-03-001180.txt : 20031031
<SEC-HEADER>0001019056-03-001180.hdr.sgml : 20031031
<ACCEPTANCE-DATETIME>20031031160941
ACCESSION NUMBER:		0001019056-03-001180
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20031031
EFFECTIVENESS DATE:		20031031

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ELLSWORTH CONVERTIBLE GROWTH & INCOME FUND INC
		CENTRAL INDEX KEY:			0000793040
		IRS NUMBER:				133345139
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-108694
		FILM NUMBER:		03970087

	BUSINESS ADDRESS:	
		STREET 1:		65 MADISON AVENUE
		STREET 2:		SUITE 550
		CITY:			MORRISTOWN
		STATE:			NJ
		ZIP:			07960
		BUSINESS PHONE:		(973) 631-1177

	MAIL ADDRESS:	
		STREET 1:		65 MADISON AVE
		STREET 2:		SUITE 550
		CITY:			MORRISTOWN
		STATE:			NJ
		ZIP:			07960
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>ecf-2003_497.txt
<DESCRIPTION>ELLSWORTH CONVERTIBLE GROWTH & INCOME FUND-497(E)
<TEXT>

               Ellsworth Convertible Growth and Income Fund, Inc.

                      Supplement dated October 31, 2003 to
                      the Prospectus dated October 16, 2003

The following table replaces in its entirety the table appearing under the
heading "INVESTMENT PERFORMANCE" on page 10 in the Prospectus:

<TABLE>
<CAPTION>
                                                                                                   From June 30,
                           One Year        Three Years                                           1986 (day trading
                             Ended            Ended        Five Years Ended     Ten Years Ended     began) to
                          September 30,   September 30,      September 30,       September 30,    September 30,
                             2003(%)          2003(%)           2003(%)             2003(%)           2003(%)
                          ------------    ------------       ------------        ------------     ------------
<S>                          <C>              <C>                <C>                <C>               <C>

Fund NAV Return              13.99           -1.82              5.89                8.76              9.10

Fund Market Value
  Return                     10.81            2.70              8.47               10.64              9.72

Credit Suisse First
Boston Convertible
Securities Index             29.51           -3.85              8.81                8.58              9.89

S&P 500 Index                24.40          -10.12              1.00               10.04             10.98

Russell 2000(R) Index        36.54           -0.75              7.56                6.78*             6.90*

</TABLE>
- --------------------
* Simple appreciation of index.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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