UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  Schedule 13D
                                 (Rule 13d-101)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
             TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT
                                TO RULE 13d-2(a)
                               (Amendment No. 19)*

                       Boulder Growth & Income Fund, Inc.
                                (Name of Issuer)

                                  Common Stock
                         (Title of Class of Securities)

                                    101507101
                                 (CUSIP Number)

                             Stephen C. Miller, Esq.
                              Krassa & Miller, LLC
                           2344 Spruce Street, Suite A
                             Boulder, Colorado 80302
                                 (303) 442-2156
           (Name, Address and Telephone Number of Person Authorized to
                       Receive Notices and Communications)

                                November 14, 2006
             (Date of Event which Requires Filing of this Statement)

If the filing person has previously  filed a statement on Schedule 13G to report
the  acquisition  that is the subject of this  Schedule  13D, and is filing this
schedule  because of Rule  13d-1(e),  13d-1(f) or 13d-1(g),  check the following
box.

Note:  Schedules  filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.

--------

* The remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for  any  subsequent   amendment   containing   information  which  would  alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).




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CUSIP No. 101507101
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1. Names of Reporting Persons.
   I.R.S. Identification Nos. of above persons (entities only)

   Ernest Horejsi Trust No. 1B

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2. Check the Appropriate Box if a Member of a Group (See Instructions)
   (A)
   (B)

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3. SEC Use Only

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4. Source of Funds (See Instructions) WC OO

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5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e)

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6. Citizenship or Place of Organization Alaska

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Number of                  7.       Sole Voting Power         2,489,078
                             ---------------------------------------------------
Shares Bene-
ficially                   8.       Shares Voting Power
                           -----------------------------------------------------
Owned by Each
Reporting                  9.       Sole Dispositive Power    2,489,078
                           -----------------------------------------------------
Person With
                           10.      Shared Dispositive Power
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11. Aggregate Amount Beneficially Owned by Each Reporting Person       2,489,078

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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)

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13. Percent of Class Represented by Amount in Row (11)            21.97%

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14. Type of Reporting Person (See Instructions)     OO







CUSIP No. 101507101
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1. Names of Reporting Persons.
   I.R.S. Identification Nos. of above persons (entities only)

   Stewart R. Horejsi

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2. Check the Appropriate Box if a Member of a Group (See Instructions)
         (A)
         (B)

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3. SEC Use Only

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4. Source of Funds (See Instructions) Not applicable

--------------------------------------------------------------------------------

5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e)

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6. Citizenship or Place of Organization United States

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Number of                  7.       Sole Voting Power         0
                             ---------------------------------------------------
Shares Bene-
ficially                   8.       Shares Voting Power       0
                           -----------------------------------------------------
Owned by Each
Reporting                  9.       Sole Dispositive Power    0
                           -----------------------------------------------------
Person With
                           10.      Shared Dispositive Power  0
--------------------------------------------------------------------------------

11. Aggregate Amount Beneficially Owned by Each Reporting Person       0

--------------------------------------------------------------------------------

12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) X

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13. Percent of Class Represented by Amount in Row (11)            0%

--------------------------------------------------------------------------------

14. Type of Reporting Person (See Instructions)        IN



                  Amendment No. 19 to Statement on Schedule 13D

     This amended  statement on Schedule 13D relates to the Common Stock,  $0.01
par value per share (the  "Shares"),  of Boulder  Growth & Income Fund,  Inc., a
Maryland  corporation  (the  "Company").  Items  3, 4 and 5 of  this  statement,
previously filed by the Ernest Horejsi Trust No. 1B (the "Trust"), as the direct
beneficial  owner of the  Shares,  and  Stewart  R.  Horejsi,  by  virtue of the
relationships described previously in this statement,  are hereby amended as set
forth below.

Item 3.  Source and Amount of Funds or Other Consideration.

     No change except for the addition of the following:

     The total  proceeds  received  by the Trust for the sale of 113,022  Shares
reported  in Item  5(c) was  $1,167,269.43.  Such  Shares  were sold in the open
market and effected by the Trust on the New York Stock Exchange.


Item 4.  Purpose of Transaction.

     No change except for the addition of the following:

     The Trust sold the Shares described in Item 5(c) of this statement in order
to reduce its equity  interest in the  Company and to generate  cash flow to pay
current and future  obligations.  The Trust indicated its intention to liquidate
113,000 Shares and has no present intentions of acquiring  additional Shares. In
furtherance thereof, the Trust filed a Form 144 with the Securities and Exchange
Commission on November 9, 2006 giving notice of the proposed sale.

     Depending upon their evaluation of the Company's investments and prospects,
and upon future developments (including,  but not limited to, performance of the
Shares in the market, the effective yield on the Shares,  availability of funds,
alternative  uses of  funds,  and  money,  stock  market  and  general  economic
conditions),  any of the Reporting  Persons or other entities that may be deemed
to be  affiliated  with the  Reporting  Persons  may from time to time  purchase
Shares, and any of the Reporting Persons or other entities that may be deemed to
be affiliated with the Reporting Persons may from time to time dispose of all or
a portion of the Shares held by such person,  or cease buying or selling Shares.
Any such  additional  purchases  or sales of the Shares may be in open market or
privately-negotiated transactions or otherwise.


Item 5.  Interest in Securities of the Issuer.

     No change except for the addition of the following:


     (a) The  Trust is the  direct  beneficial  owner of  2,489,078  Shares,  or
approximately  21.97% of the  11,327,784  Shares  outstanding as of May 31, 2006
according  to  information  contained  in the  Company's  semi-annual  report to
shareholders.  By virtue of the  relationships  reported in this statement,  Mr.
Horejsi  may be deemed to share  indirect  beneficial  ownership  of the  Shares
directly  beneficially  owned  by the  Trust.  Mr.  Horejsi  disclaims  all such
beneficial ownership.

     (c) The table below sets forth Shares sold by the Trust since  November 13,
2006. Such sales were effected by the Trust on the New York Stock Exchange.




           ---------------------------- -------------------------- --------------------------

                      Date                   Number of Shares              Sales Price


           ---------------------------- -------------------------- --------------------------

                                                                                
                            11/13/2006                     13,539                     $10.24

                            11/13/2006                     26,300                     $10.25

                            11/13/2006                     11,422                     $10.26

                            11/13/2006                      5,000                     $10.27

                            11/13/2006                      6,100                     $10.28

                            11/13/2006                      1,000                     $10.23

                            11/13/2006                      2,000                    $10.225

                            11/13/2006                      1,861                     $10.22

                            11/13/2006                      2,700                   $10.2088

                            11/13/2006                        300                     $10.20

                            11/14/2006                     10,700                     $10.48

                            11/14/2006                      5,000                     $10.50

                            11/14/2006                      1,500                     $10.46

                            11/14/2006                      2,800                     $10.45

                            11/14/2006                     13,500                     $10.42

                            11/14/2006                      9,300                     $10.49










                                    Signature

After due inquiry and to the best of my knowledge and belief, I certify that the
information set forth in this statement is true, complete and correct.

Date: November 20, 2006


/s/ Stewart R. Horejsi
----------------------------------------------------
    Stewart R. Horejsi



/s/ Stephen C. Miller
---------------------------------------------------
Stephen C. Miller,  as President of Badlands Trust Company,  LLC, trustee of the
Ernest Horejsi Trust No. 1B