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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 C6Hh0ba2AbXLf0bZR+0QpA==

<SEC-DOCUMENT>0001067621-07-000015.txt : 20070605
<SEC-HEADER>0001067621-07-000015.hdr.sgml : 20070605
<ACCEPTANCE-DATETIME>20070605144833
ACCESSION NUMBER:		0001067621-07-000015
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20070605
DATE AS OF CHANGE:		20070605
GROUP MEMBERS:		ANDREW DAKOS
GROUP MEMBERS:		BULLDOG INVESTORS
GROUP MEMBERS:		PHILLIP GOLDSTEIN

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LGL GROUP INC
		CENTRAL INDEX KEY:			0000061004
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC COMPONENTS, NEC [3679]
		IRS NUMBER:				381799862
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-09994
		FILM NUMBER:		07900650

	BUSINESS ADDRESS:	
		STREET 1:		140 GREENWICH AVENUE, 4TH FL.
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830
		BUSINESS PHONE:		2036221150

	MAIL ADDRESS:	
		STREET 1:		140 GREENWICH AVENUE, 4TH FL.
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LYNCH CORP
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GOLDSTEIN PHILLIP
		CENTRAL INDEX KEY:			0001067621

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		9147475262

	MAIL ADDRESS:	
		STREET 1:		60 HERITAGE DRIVE
		CITY:			PLEASANTVILLE
		STATE:			NY
		ZIP:			10570
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>lglthird.txt
<TEXT>
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
NA

1. NAME OF REPORTING PERSON
Bulldog Investors, Phillip Goldstein and Andrew Dakos

2. CHECK THE BOX IF MEMBER OF A GROUP 					a[X]
      b[ ]

3. SEC USE ONLY

4. SOURCE OF FUNDS
WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []

6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA

7. SOLE VOTING POWER
188,299

8. SHARED VOTING POWER
0

9. SOLE DISPOSITIVE POWER
188,299

10. SHARED DISPOSITIVE POWER
      0

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
188,299

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES []

13. PERCENT OF CLASS REPRESENTED BY ROW 11
8.74%

14. TYPE OF REPORTING PERSON
IA


The following constitutes Amendment No.1 to the Schedule 13d
filed by the undersigned on May 15, 2007. This Amendment No.1
amends the Schedule 13d as specifically set forth.

Item 5 is amended as follows:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
a)- b)  As per the Form 10KA filed on 4/30/2007 there were
2,154,708 shares of LGL outstanding as of  4/20/07. The
percentage set forth in item 5 was derived using such number.

Bulldog Investors, Phillip Goldstein, Andrew Dakos and accounts
managed by the filing persons beneficially own an aggregate of
188,299 shares of  LGL or 8.74% of the outstanding shares.
Power to dispose and vote securities lie solely with Phillip
Goldstein and Andrew Dakos.

c) During the past 60 days the following shares of LGL were
purchased unless previously reported (there were no sales):

DATE		# OF SHARES		PRICE ($)
5/24/2007	1000	 	$    	12.80
5/23/2007	2600	 	$    	12.75
5/23/2007	800	 	$      	12.75
5/23/2007	700	 	$      12.75
5/23/2007	3400	 	$      12.75
5/17/2007	2500	 	$      12.79
5/17/2007	750	 	$      12.79
5/17/2007	500	 	$      12.79
5/17/2007	650	 	$      12.79
5/17/2007	3200	 	$      12.79
5/16/2007	4000	 	$      12.93
5/15/2007	8300	 	$      13.00
5/15/2007	2400	 	$      13.00
5/15/2007	1300	 	$      13.00
5/15/2007	2100	 	$      13.00
5/15/2007	10900	 	$      13.00


d) Beneficial Owners of the accounts managed by the filing
persons are entitled to receive any dividends or sales proceeds.

e) NA

Item 7 is amended as follows:
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.

Dated: 6/5/07

By: /s/ Phillip Goldstein
Name:   Phillip Goldstein

By: /s/ Andrew Dakos
Name: Andrew Dakos
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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