FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * FINNICAN SALLY J   2. Issuer Name and Ticker or Trading Symbol ELLSWORTH FUND LTD [ECF] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) __X__ Other (specify below) Director of Investment Adviser (Last) (First) (Middle) C/O DINSMORE CAPITAL MANAGEMENT, 65 MADISON AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 10/23/2008 (Street) MORRISTOWN, NJ 07960 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Shares of Beneficial Interest 10/23/2008   P   5,000 A $ 4.71 12,875 (1) D   Shares of Beneficial Interest 01/11/2013   G   1,000 (1) A $ 0 15,087 (2) I By son's trust (3) Shares of Beneficial Interest 01/11/2013   G   1,000 (1) A $ 0 16,087 (4) I By daughter's trust (3)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
FINNICAN SALLY J C/O DINSMORE CAPITAL MANAGEMENT 65 MADISON AVENUE MORRISTOWN, NJ 07960				Director of Investment Adviser

Signatures

/s/ Gary I. Levine, attorney-in-fact		01/15/2013
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	These shares were gifts to the reporting person's son and daughter.
(2)	Includes 268 shares acquired on various dates in fiscal years 2003 through 2012 under the ECF dividend reinvestment plan.
(3)	New Jersey Uniform Transfers to Minors Act.
(4)	In addition the reporting person is the direct beneficial owner of 1,167 additional shares, acquired on various dates in fiscal years 2008 through 2012 under the ECF dividend reinvestment plan.
Remarks: Exhibit List: Exhibit 24 (Power of Attorney) Late Form 4 to report Ms. Finnican's acquisition of shares on 10/23/2008.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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