Exhibit (n)



                       CONSENT OF INDEPENDENT ACCOUNTANTS
                       ----------------------------------


We hereby consent to the incorporation by reference in this Registration
Statement on Form N-2 of our report dated November 18, 2002, relating to the
financial statements and financial highlights which appears in the October 31,
2002 Annual Report to Shareholders of Bancroft Convertible Fund, Inc., which are
also incorporated by reference into the Registration Statement. We also consent
to the references to us under the headings "Financial Highlights", "Experts",
"Independent Accountants" and "Financial Statements" in such Registration
Statement.


/s/ PricewaterhouseCoopers LLP

New York, New York
September 29, 2003