Exhit 99.CERT

I, Thomas B. Winmill, certify that:

1.   I have reviewed this report on Form N-CSRS of Foxby Corp.;

2.   Based on my knowledge, this report does not contain any untrue statement of
     a material fact or omit to state a material fact necessary to make the
     statements made, in light of the circumstances under which such statements
     were made, not misleading with respect to the period covered by this
     report;

3.   Based on my knowledge, the financial information
     included in this report, and the financial statements on
     which the financial information is based, fairly present in
     all material respects the financial condition, results of
     operations, changes in net assets, and cash flows (if the
     financial statements are required to include a statement of
     cash flows) of the registrant as of, and for, the periods
     presented in this report;

4.   The registrant's other certifying officer and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in rule 30a-2(c) under the Investment Company Act) for the registrant and
     have:

a)   designed such disclosure controls and procedures to ensure that material
     information relating to the registrant, including its consolidated
     subsidiaries, is made known to us by others within those entities,

     particularly during the period in which this report is being prepared;
b)   evaluated the effectiveness of the registrant's disclosure controls and
     procedures as of a date within 90 days prior to the filing date of this
     report (the "Evaluation Date"); and

c)   presented in this report our conclusions about the effectiveness of the
     disclosure controls and procedures based on our evaluation as of the
     Evaluation Date;

5.   The registrant's other certifying officer and I have disclosed, based on
     our most recent evaluation, to the registrant's auditors and the audit
     committee of the registrant's board of directors (or persons performing the
     equivalent functions):

a)   all significant deficiencies in the design or operation of internal
     controls which could adversely affect the registrant's ability to record,
     process, summarize, and report financial data and have identified for the
     registrant's auditors any material weaknesses in internal controls; and

b)   any fraud, whether or not material, that involves management or other
     employees who have a significant role in the registrant's internal
     controls; and

6.   The registrant's other certifying officer and I have
     indicated in this report whether or not there were
     significant changes in internal controls or in other
     factors that could significantly affect internal
     controls subsequent to the date of our most recent
     evaluation, including any corrective actions with
     regard to significant deficiencies and material
     weaknesses.


Date: 9/8/03
                                        /s/ Thomas B. Winmill
                                            Thomas B. Winmill
                                             President