Castle Convertible Fund, Inc. Announces Results of 2006 Annual Meeting

NEW YORK, Dec. 21  /PRNewswire-FirstCall/ -- Castle Convertible Fund, Inc. (the "Fund") announced today the results of its 2006 Annual Meeting of Shareholders, held on December 21, 2006.

All of the Fund's nominees for election as director received the requisite number of votes.  Ms. Hilary M. Alger, Messrs. Charles F. Baird, Jr., Roger P. Cheever, Lester L. Colbert and Stephen E. O'Neil and Dr. Nathan E. Saint-Amand were each elected for a one year term.  Additionally, a majority of the Fund's shareholders approved a new Investment Advisory Agreement between the Fund and Fred Alger Management, Inc.

The Fund is currently traded on the American Stock Exchange under the trading symbol "CVF."

About Fred Alger Management

Founded in 1964, Fred Alger Management, Inc. is a leading asset management firm employing a bottom-up approach in its attempt to identify the fastest growing companies in their respective sectors.  Over four decades, Fred Alger Management, Inc. has continued its tradition of independent research and style purity.  Fred Alger Management, Inc. offers investment advisory services to separately managed, sub-advised and wrap accounts.  Fred Alger & Company, Incorporated offers mutual funds as well as institutional funds for defined benefit and defined contribution plans.  For more information, please visit http://www.alger.com/ .

  CONTACT:   Jeffrey Taufield
             Kekst and Company
             [phone]


DATASOURCE: Castle Convertible Fund, Inc.



CONTACT:  Jeffrey Taufield of Kekst and Company for Castle Convertible

Fund, Inc., [phone]



Web site:  http://www.alger.com/ 

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