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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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 dIU7EmP14aoQmczHvj6haQ==

<SEC-DOCUMENT>0001019263-10-000002.txt : 20100112
<SEC-HEADER>0001019263-10-000002.hdr.sgml : 20100112
<ACCEPTANCE-DATETIME>20100112151914
ACCESSION NUMBER:		0001019263-10-000002
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20091228
FILED AS OF DATE:		20100112
DATE AS OF CHANGE:		20100112

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FOXBY CORP.
		CENTRAL INDEX KEY:			0001068897
		IRS NUMBER:				391966806
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		11 HANOVER SQUARE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
		BUSINESS PHONE:		2123446310

	MAIL ADDRESS:	
		STREET 1:		11 HANOVER SQUARE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FOXBY CORP
		DATE OF NAME CHANGE:	20030716

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERNET GROWTH FUND INC
		DATE OF NAME CHANGE:	20020723

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LCM INTERNET GROWTH FUND INC
		DATE OF NAME CHANGE:	19980825

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WINMILL BASSETT STARR
		CENTRAL INDEX KEY:			0001019263

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-09261
		FILM NUMBER:		10522587

	MAIL ADDRESS:	
		STREET 1:		11 HANOVER SQUARE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bsw091228_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-12-28</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001068897</issuerCik>
        <issuerName>FOXBY CORP.</issuerName>
        <issuerTradingSymbol>FXBY</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001019263</rptOwnerCik>
            <rptOwnerName>WINMILL BASSETT STARR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>11 HANOVER SQUARE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10005</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chairman</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2009-12-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>7500</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>.92</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Bassett S. Winmill has indirect beneficial ownership of 638,588 Issuer shares as a result of his status as a controlling
 person of Winmill &amp; Co. Incorporated and Investor Service Center, Inc., the direct beneficial owner. Mr. Winmill disclaims
 beneficial ownership of the Issuer shares held by Investor Service Center, Inc.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Thomas B. Winmill on behalf of Bassett S. Winmill by Power of Attorney signed 12/11/01</signatureName>
        <signatureDate>2010-01-12</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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