DURABLE POWER OF ATTORNEY

     THIS is intended to constitute a DURABLE POWER OF ATTORNEY pursuant to
Article 5, Title 15 of the New York General Obligations Law:

     I, William G. Vohrer, do hereby appoint each of Thomas B. Winmill and
Monica Pelaez, my attorneys-in-fact TO ACT SEPARATELY IN MY NAME, PLACE AND
STEAD in any way which I myself could do, if I were personally present, with
respect to the following matters:

     1.   execute for and on behalf of the undersigned, in the undersigned's
          capacity as an individual, officer and/or director of Bexil
          Corporation, Tuxis Corporation, CEF Advisers, Inc. and any future
          company or other entity ("Companies"), Forms 3, 4, 5, Form 144,
          registration statements, proxy statements, forms and schedules, and
          all other documents in accordance with all rules under the Securities
          Exchange Act of 1934, Securities Act of 1933, Investment Company Act
          of 1940, Investment Advisers Act of 1940 and all other applicable law
          (the "Documents");

     2.   do and perform any and all acts for and on behalf of the undersigned
          which may be necessary or desirable to complete and execute any of
          such Documents and file same with the United States Securities and
          Exchange Commission and any stock exchange, clearing firm, registrar
          or a transfer agent, as appropriate, or similar authority, and

     3.   take any other action of any type whatsoever in connection with the
          foregoing which, in the opinion of such attorney-in-fact, may be of
          benefit to, in the best interest of, or legally required by, the
          undersigned, it being understood that the documents executed by such
          attorney-in-fact on behalf of the undersigned pursuant to this Durable
          Power of Attorney shall be in such form and shall contain such terms
          and conditions as such attorney-in-fact may approve in such
          attorney-in-fact's discretion.

     The undersigned hereby grants to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that such attorney-in-fact, or such
attorney-in-fact's substitute or substitute's, shall lawfully do or cause to be
done by virtue of this power of attorney and the rights and powers herein
granted. The undersigned hereby acknowledges that the foregoing
attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor are the Companies assuming, any of the
undersigned's responsibilities to comply with the rules of the Securities
Exchange Act of 1934, the Securities Act of 1933, Investment Company Act of 1940
or any other applicable law.

     This Durable Power of Attorney shall not be affected by my subsequent
disability or incompetence.

To induce any third party to act hereunder, I hereby agree that any third party
receiving a duly executed copy or facsimile of this instrument may act
hereunder, and that revocation or termination hereof shall be ineffective as to
such third party unless and until actual notice or knowledge of such revocation
or termination shall have been received by such third party, and I for myself
and my heirs, executors, legal representatives and assigns, hereby agree to
indemnify and hold harmless any such third party from and against any and all
claims that may arise against such third party by reason of such third party
having relied on the provisions of this instrument.

     This Durable Power of Attorney may be revoked by me at any time.

     IN WITNESS WHEREOF, I have hereunto signed my name this March 25, 2004.




                              /s/ William G. Vohrer
                  ---------------------------------------------
                                William G. Vohrer