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. 27)*

                         Boulder Total Return Fund, Inc.
                                (Name of Issuer)

                                  Common Stock
                         (Title of Class of Securities)

                                    101541100
                                 (CUSIP Number)

                             Stephen C. Miller, Esq.
                           2344 Spruce Street, Suite A
                                Boulder, CO 80302
                                 (303) 444-5483
           (Name, Address and Telephone Number of Person Authorized to
                       Receive Notices and Communications)

                                 March 10, 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  which is the subject of this  Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e),  240.13d-1(f) or 240.13d-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  ss.240.13d-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).





--------------------------------------------------------------------------------
CUSIP No. 101541100
--------------------------------------------------------------------------------

1.   Names of Reporting  Persons.
     I.R.S.  Identification  Nos. of above persons (entities only)

     Ernest Horejsi Trust No. 1B

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

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

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

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

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

6.   Citizenship or Place of Organization      Alaska

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

     Number of             7.       Sole Voting Power         2,986,304
                           -----------------------------------------------------
     Shares
     Beneficially          8.       Shared Voting Power
                           -----------------------------------------------------
     Owned by Each
     Reporting             9.       Sole Dispositive Power    2,986,304
                           -----------------------------------------------------
     Person With
                           10.      Shared Dispositive Power
--------------------------------------------------------------------------------

11.  Aggregate Amount Beneficially Owned by Each Reporting Person   2,986,304

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

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

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

13.  Percent of Class Represented by Amount in Row (11)       24.20%

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

14.  Type of Reporting Person (See Instructions)        OO

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





CUSIP No. 101541100
--------------------------------------------------------------------------------

1.   Names of Reporting  Persons.
     I.R.S.  Identification  Nos. of above persons (entities only)

     Lola Brown Trust No. 1B

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

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

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

3.   SEC Use Only

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

4.   Source of Funds (See Instructions)        WC OO

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

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

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

6.   Citizenship or Place of Organization      Alaska

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

     Number of             7.       Sole Voting Power         1,370,515
                           -----------------------------------------------------
     Shares
     Beneficially          8.       Shared Voting Power
                           -----------------------------------------------------
     Owned by Each
     Reporting             9.       Sole Dispositive Power    1,370,515
                           -----------------------------------------------------
     Person With
                           10.      Shared Dispositive Power
--------------------------------------------------------------------------------

11.  Aggregate Amount Beneficially Owned by Each Reporting Person   1,370,515

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

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

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

13.  Percent of Class Represented by Amount in Row (11)       11.11%

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

14.  Type of Reporting Person (See Instructions)        OO

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





CUSIP No. 101541100
--------------------------------------------------------------------------------

1.   Names of Reporting Persons.
     I.R.S. Identification Nos. of above persons (entities only)

     Evergreen Atlantic LLC

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

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

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

3.   SEC Use Only

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

4.   Source of Funds (See Instructions)           OO

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

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

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

6.   Citizenship or Place of Organization      Colorado

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

     Number of             7.       Sole Voting Power         343,748
                           -----------------------------------------------------
     Shares
     Beneficially          8.       Shared Voting Power
                           -----------------------------------------------------
     Owned by Each
     Reporting             9.       Sole Dispositive Power    343,748
                           -----------------------------------------------------
     Person With
                           10.      Shared Dispositive Power
--------------------------------------------------------------------------------

11.  Aggregate Amount Beneficially Owned by Each Reporting Person    343,748

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

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

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

13.  Percent of Class Represented by Amount in Row (11)        2.79%

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

14.  Type of Reporting Person (See Instructions)        OO

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





CUSIP No. 101541100
--------------------------------------------------------------------------------

1.   Names of Reporting Persons.
     I.R.S. Identification Nos. of above persons (entities only)

     Stewart West Indies Trust

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

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

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

3.   SEC Use Only

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

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)

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

6.   Citizenship or Place of Organization      Alaska

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

     Number of             7.       Sole Voting Power         104,627
                           -----------------------------------------------------
     Shares
     Beneficially          8.       Shared Voting Power
                           -----------------------------------------------------
     Owned by Each
     Reporting             9.       Sole Dispositive Power    104,627
                           -----------------------------------------------------
     Person With
                           10.      Shared Dispositive Power
--------------------------------------------------------------------------------

11.  Aggregate Amount Beneficially Owned by Each Reporting Person    104,627

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

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

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

13.  Percent of Class Represented by Amount in Row (11)        0.85%

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

14.  Type of Reporting Person (See Instructions)        OO

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





CUSIP No. 101541100
--------------------------------------------------------------------------------

1.   Names of Reporting Persons.
     I.R.S. Identification Nos. of above persons (entities only)

     Susan L. Ciciora Trust

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

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

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

3.   SEC Use Only

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

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)

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

6.   Citizenship or Place of Organization      Alaska

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

     Number of             7.       Sole Voting Power         72,176
                           -----------------------------------------------------
     Shares
     Beneficially          8.       Shared Voting Power
                           -----------------------------------------------------
     Owned by Each
     Reporting             9.       Sole Dispositive Power    72,176
                           -----------------------------------------------------
     Person With
                           10.      Shared Dispositive Power
--------------------------------------------------------------------------------

11.  Aggregate Amount Beneficially Owned by Each Reporting Person    72,176

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

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

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

13.  Percent of Class Represented by Amount in Row (11)        0.58%

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

14.  Type of Reporting Person (See Instructions)        OO

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





CUSIP No. 101541100
--------------------------------------------------------------------------------

1.   Names of Reporting Persons.
     I.R.S. Identification Nos. of above persons (entities only)

     John S. Horejsi Trust

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

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

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

3.   SEC Use Only

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

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)

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

6.   Citizenship or Place of Organization      Alaska

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

     Number of             7.       Sole Voting Power         53,080
                           -----------------------------------------------------
     Shares
     Beneficially          8.       Shared Voting Power
                           -----------------------------------------------------
     Owned by Each
     Reporting             9.       Sole Dispositive Power    53,080
                           -----------------------------------------------------
     Person With
                           10.      Shared Dispositive Power
--------------------------------------------------------------------------------

11.  Aggregate Amount Beneficially Owned by Each Reporting Person    53,080

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

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

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

13.  Percent of Class Represented by Amount in Row (11)        0.43%

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

14.  Type of Reporting Person (See Instructions)        OO

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





CUSIP No. 101541100
--------------------------------------------------------------------------------

1.   Names of Reporting Persons.
     I.R.S. Identification Nos. of above persons (entities only)

     Evergreen Trust

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

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

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

3.   SEC Use Only

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

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)

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

6.   Citizenship or Place of Organization      Alaska

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

     Number of             7.       Sole Voting Power         25,698
                           -----------------------------------------------------
     Shares
     Beneficially          8.       Shared Voting Power
                           -----------------------------------------------------
     Owned by Each
     Reporting             9.       Sole Dispositive Power    25,698
                           -----------------------------------------------------
     Person With
                           10.      Shared Dispositive Power
--------------------------------------------------------------------------------

11.  Aggregate Amount Beneficially Owned by Each Reporting Person    25,698

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

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

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

13.  Percent of Class Represented by Amount in Row (11)        0.21%

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

14.  Type of Reporting Person (See Instructions)        OO

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





CUSIP No. 101541100
--------------------------------------------------------------------------------

1.   Names of Reporting Persons.
     I.R.S. Identification Nos. of above persons (entities only)

     Stewart R. Horejsi

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

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

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

3.   SEC Use Only

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

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)

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

6.   Citizenship or Place of Organization      United States

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

     Number of             7.       Sole Voting Power         0
                           -----------------------------------------------------
     Shares
     Beneficially          8.       Shared Voting Power       343,748
                           -----------------------------------------------------
     Owned by Each
     Reporting             9.       Sole Dispositive Power    0
                           -----------------------------------------------------
     Person With
                           10.      Shared Dispositive Power  343,748
--------------------------------------------------------------------------------

11.  Aggregate Amount Beneficially Owned by Each Reporting Person    343,748

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

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

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

13.  Percent of Class Represented by Amount in Row (11)        2.79%

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

14.  Type of Reporting Person (See Instructions)        IN

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





                  Amendment No. 27 to Statement on Schedule 13D

     This amended  statement on Schedule 13D relates to the Common Stock,  $.001
par value per share (the  "Shares"),  of Boulder  Total  Return  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 "Ernest  Trust"),  the
Lola Brown Trust No. 1B (the  "Brown  Trust"),  Alaska  Trust  Company  ("ATC"),
Evergreen  Atlantic LLC  ("Evergreen  Atlantic"),  the Stewart West Indies Trust
(the "West Indies Trust"),  the Susan L. Ciciora Trust (the "Susan Trust"),  the
John S.  Horejsi  Trust  (the  "John  Trust"),  and  the  Evergreen  Trust  (the
"Evergreen Trust"), as the direct beneficial owner of Shares, and the Stewart R.
Horejsi Trust No. 2 (the "Stewart  Trust") and Stewart R. Horejsi,  by virtue of
the relationships described previously in this Statement, are hereby amended, or
amended and restated, 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 Ernest  Trust and Susan Trust for the
sale of 172,114 Shares as reported in Item 5(c) was  $1,214,500.88.  Such Shares
were sold in the open  market and  effected  by the  Ernest  Trust and the Susan
Trust on the New York Stock Exchange.


Item 4. Purpose of Transaction.

        No change except for the addition of the following:

     The Trusts sold the Shares  reported in Item 5(c) in order to reduce  their
equity  interest in the  Company  and to  generate  cash flow to pay current and
future  obligations.  The  Ernest  Trust and the  Susan  Trust  indicated  their
intention  to  liquidate  Shares  and have no  present  intention  of  acquiring
additional  Shares.  In furtherance  thereof,  the Ernest Trust filed a Form 144
with the Securities and Exchange Commission on November 12, 2008 and on February
23, 2009 giving  notice of the proposed  sale.  The Susan Trust filed a Form 144
with the Securities  and Exchange  Commission on December 19, 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.

     The Reporting Persons may be deemed to control the Company.


Item 5. Interest in Securities of the Issuer.

        No change except for the addition of the following:

     (a) The Ernest Trust is the direct beneficial owner of 2,986,304 Shares, or
approximately  24.20% of the  12,338,660  Shares  outstanding  as of the  Fund's
annual  report  to  stockholders  as of  November  30,  2008  (the  "Outstanding
Shares").

     The Brown Trust is the direct  beneficial  owner of  1,370,515  Shares,  or
approximately 11.11% of the Outstanding Shares.

     Evergreen  Atlantic is the direct  beneficial  owner of 343,748 Shares,  or
approximately 2.79% of the Outstanding Shares.

     The West Indies Trust is the direct  beneficial owner of 104,627 Shares, or
approximately 0.85% of the Outstanding Shares.

     The  Susan  Trust is the  direct  beneficial  owner of  72,176  Shares,  or
approximately 0.58% of the Outstanding Shares.

     The  John  Trust  is the  direct  beneficial  owner of  53,080  Shares,  or
approximately 0.43% of the Outstanding Shares.

     The Evergreen  Trust is the direct  beneficial  owner of 25,698 Shares,  or
approximately 0.21% of the Outstanding Shares.

     By virtue of the relationships  previously  reported in this Statement,  as
manager  of  Evergreen  Atlantic  Mr.  Horejsi  may be deemed to share  indirect
beneficial  ownership  of the  343,748  Shares  directly  beneficially  held  by
Evergreen  Atlantic,  or  approximately  2.79% of the  Outstanding  Shares.  Mr.
Horejsi,  Alaska  Trust and West  Indies  Trust may be deemed to share  indirect
beneficial  ownership  of the Shares  directly  beneficially  owned by the other
Reporting Persons. Mr. Horejsi,  Alaska Trust and West Indies Trust disclaim all
such beneficial ownership.

     By virtue of the  relationships  and transactions  previously  described in
this Statement,  the Reporting Persons may be deemed to constitute a group. Each
Reporting Person disclaims beneficial ownership of Shares directly  beneficially
owned by the other Reporting Persons.

     (c) The table below sets forth Shares sold by the Ernest Trust.  Such sales
were effected on the open market.




                                              Approximate Price
                                                  Per Share
      Date          Amount of Shares     (exclusive of commissions)
------------------ ------------------- --------------------------------
                                                       
   12/29/2008               7,015                            $9.62
   12/29/2008                 400                            $9.60
    1/26/2009                 300                            $9.33
    1/28/2009               2,000                            $9.43
    1/28/2009                 300                            $9.63
    1/28/2009                 700                            $9.56
    1/28/2009                 100                            $9.58
    1/29/2009               7,100                            $9.40
    1/29/2009               1,000                            $9.41
    2/23/2009               3,900                            $7.72
    2/23/2009               1,100                            $7.71
    2/23/2009               2,000                            $7.60
    2/23/2009                 800                            $7.65
    2/24/2009               3,000                            $7.45
    2/24/2009                 700                            $7.72
    2/24/2009                 300                            $7.70
    2/24/2009               1,400                            $7.88
    2/24/2009               2,000                            $7.81
    2/24/2009               1,000                            $7.78
    2/27/2009               1,000                            $7.75
     3/2/2009               1,000                            $7.42
     3/2/2009               1,000                            $7.45
     3/2/2009               1,000                            $7.05
     3/2/2009                 600                            $7.06
     3/3/2009               3,500                            $6.80
     3/3/2009                 900                            $6.81
     3/3/2009               4,400                            $6.82
     3/3/2009               4,000                            $6.86
     3/3/2009               1,000                            $6.83
     3/3/2009               1,000                            $6.84
     3/3/2009               1,000                            $6.85
     3/3/2009               1,000                            $6.91
     3/3/2009               1,000                            $6.97
     3/5/2009                 700                            $6.76
     3/5/2009               4,500                            $6.68
     3/5/2009               2,300                            $6.70
     3/5/2009               3,100                            $6.71
     3/5/2009               1,100                            $6.69
     3/5/2009               2,100                            $6.61
     3/5/2009               1,000                            $6.43
     3/9/2009               2,000                            $6.37
     3/9/2009               1,000                            $6.41
     3/9/2009               1,000                            $6.38
     3/9/2009               1,000                            $6.45
     3/9/2009              37,100                            $6.60
     3/9/2009               1,300                            $6.52
     3/9/2009               1,200                            $6.55
     3/9/2009               1,000                            $6.56
     3/9/2009               1,000                            $6.49
     3/9/2009                 100                            $6.48
     03/10/09               2,000                            $6.59
     03/10/09               2,000                            $6.75
     03/10/09               5,199                            $6.77
     03/10/09               4,200                            $6.76
     03/10/09               2,000                            $6.81
     03/10/09               2,000                            $6.80
     03/10/09               4,000                            $6.79
     03/10/09                 700                            $6.78
     03/10/09                 700                            $6.91
     03/10/09               4,400                            $6.90
     03/10/09               5,900                            $6.89
     03/10/09                 200                            $6.92
     03/10/09               2,000                            $6.92
     03/10/09                 800                            $6.85
     03/10/09               1,700                            $6.87
     03/10/09                 300                            $6.82
    3/11/2009               2,000                            $7.24
    3/11/2009               6,000                            $7.21
    3/13/2009               3,800                            $7.43
    3/13/2009                 200                            $7.44
    3/13/2009                 600                            $7.42
    3/13/2009                 100                            $7.40
    3/13/2009               1,500                            $7.36



     The table below sets forth Shares sold by the Susan Trust.  Such sales were
effected on the open market.




                                              Approximate Price
                                                  Per Share
      Date          Amount of Shares     (exclusive of commissions)
                                                       
   12/29/2008                 800                            $9.62






Signature


     After  reasonable  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: March 17, 2009


                            /s/ Stewart R. Horejsi
                            --------------------------------------------------
                            Stewart R. Horejsi individually and as
                            manager of Evergreen Atlantic LLC



                            /s/ Douglas J. Blattmachr
                            --------------------------------------------------
                            Douglas J. Blattmachr as President of Alaska Trust
                            Company, trustee of the Trusts