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. 24)*

                       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)

                                  June 27, 2008
             (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         3,193,532
                             ---------------------------------------------------
Shares Bene-
ficially                   8.       Shares Voting Power
                           -----------------------------------------------------
Owned by Each
Reporting                  9.       Sole Dispositive Power    3,193,532
                           -----------------------------------------------------
Person With
                           10.      Shared Dispositive Power
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11. Aggregate Amount Beneficially Owned by Each Reporting Person    3,193,532

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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)         12.54%

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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

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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     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%

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14. Type of Reporting Person (See Instructions)   IN




                  Amendment No. 24 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 amount the Trust paid for the purchase of 798,358 Shares acquired
in the Company's rights offering was $5,971,717.84.

     The total  proceeds  received  by the  Trust for the sale of 38,200  Shares
reported in Item 5(c) was $345,790.02.  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  purchased  the shares  reported  in Item 5(c) of this  statement
through  participation in the Fund's  one-for-three  rights offering.  The Trust
previously indicated to the Company, as evidenced in the Company's  registration
statement filed with the Securities and Exchange Commission on May 20, 2008, its
intent to participate in the primary  offering.  Shares acquired by the Trust in
the rights offering are exempt from Section 16(b) of the Securities Exchange Act
of 1934 under Rule 16a-9(b).

     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
654,075 Shares on a Form 144 filed with the  Securities and Exchange  Commission
on March 10, 2008 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  3,193,532  Shares,  or
approximately  12.54% of the 25,456,741  Shares  outstanding as of June 23, 2008
according to information  contained in the Company's press release. 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 Trust participated in the Company's  one-for-three  rights offering
which expired on June 20, 2008 (the  "Offering").  The Trust  purchased  798,358
Shares in the Offering at $7.48 per share (the net asset value of the Company as
of June 20, 2008, the closing date and  expiration of the  Offering).  The Trust
participated in the primary subscription only and did not oversubscribe.  Shares
acquired by the Trust in the rights  offering are exempt from  Section  16(b) of
the Securities Exchange Act of 1934 under Rule 16a-9(b).


     The table below sets forth  Shares sold by the Trust since March 20,  2008.
Such sales were effected by the Trust on the New York Stock Exchange.



           ---------------------------- -------------------------- --------------------------
                                              Number of Shares              Sales Price
                      Date
           ---------------------------- -------------------------- --------------------------
           ---------------------------- -------------------------- --------------------------
                                                                                 
                             3/20/2008                       5000                      $9.10
           ---------------------------- -------------------------- --------------------------
           ---------------------------- -------------------------- --------------------------
                             3/20/2008                       3467                      $9.00
           ---------------------------- -------------------------- --------------------------
           ---------------------------- -------------------------- --------------------------
                             3/20/2008                       5133                      $8.98
           ---------------------------- -------------------------- --------------------------
           ---------------------------- -------------------------- --------------------------
                             3/20/2008                        400                      $8.99
           ---------------------------- -------------------------- --------------------------
           ---------------------------- -------------------------- --------------------------
                             3/20/2008                        900                      $9.07
           ---------------------------- -------------------------- --------------------------
           ---------------------------- -------------------------- --------------------------
                             3/20/2008                       5000                      $9.12
           ---------------------------- -------------------------- --------------------------
           ---------------------------- -------------------------- --------------------------
                             3/20/2008                       4000                      $9.15
           ---------------------------- -------------------------- --------------------------
           ---------------------------- -------------------------- --------------------------
                             3/20/2008                       1400                      $9.14
           ---------------------------- -------------------------- --------------------------
           ---------------------------- -------------------------- --------------------------
                             3/24/2008                        200                      $9.14
           ---------------------------- -------------------------- --------------------------
           ---------------------------- -------------------------- --------------------------
                             3/24/2008                       3400                      $9.12
           ---------------------------- -------------------------- --------------------------
           ---------------------------- -------------------------- --------------------------
                             3/24/2008                       3400                      $9.05
           ---------------------------- -------------------------- --------------------------
           ---------------------------- -------------------------- --------------------------
                             3/24/2008                        600                      $9.13
           ---------------------------- -------------------------- --------------------------
           ---------------------------- -------------------------- --------------------------
                             3/24/2008                       3500                      $9.02
           ---------------------------- -------------------------- --------------------------
           ---------------------------- -------------------------- --------------------------
                             4/16/2008                       1800                      $8.74
           ---------------------------- -------------------------- --------------------------




                                    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: July 2, 2008


                            /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