X0303 4 2009-12-31 1 0000009521 BANCROFT FUND LTD BCV 0001041813 AHALT GORDON F 13430 NW FRWY STE 350 HOUSTON TX 77040 1 0 0 0 Reporting Person ceased to be a director of the Issuer as of December 31, 2009. /s/ Gary I. Levine, attorney-in-fact 2010-04-23