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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 JnenxfsS5TcJkyzeCVhpK/cY7oTtKO4abqqqfylPSHM7J9UM0cI4j8H/535kacwn
 pyVaHrpjpuI6O77BYsxoFg==

<SEC-DOCUMENT>0000921895-07-002037.txt : 20070830
<SEC-HEADER>0000921895-07-002037.hdr.sgml : 20070830
<ACCEPTANCE-DATETIME>20070830172619
ACCESSION NUMBER:		0000921895-07-002037
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070830
FILED AS OF DATE:		20070830
DATE AS OF CHANGE:		20070830

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GILMAN & CIOCIA INC
		CENTRAL INDEX KEY:			0000914142
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PERSONAL SERVICES [7200]
		IRS NUMBER:				112587324
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		11 RAYMOND AVENUE
		CITY:			POUGHKEEPSIE
		STATE:			NY
		ZIP:			12603
		BUSINESS PHONE:		845-486-0900

	MAIL ADDRESS:	
		STREET 1:		11 RAYMOND AVENUE
		CITY:			POUGHKEEPSIE
		STATE:			NY
		ZIP:			12603

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WEBFINANCIAL CORP
		CENTRAL INDEX KEY:			0000085149
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22996
		FILM NUMBER:		071092404

	BUSINESS ADDRESS:	
		STREET 1:		150 EAST 52ND STREET 21ST FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2128131500

	MAIL ADDRESS:	
		STREET 1:		150 EAST 52ND ST
		STREET 2:		21ST FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER NAME:	
		FORMER CONFORMED NAME:	ROSES HOLDINGS INC
		DATE OF NAME CHANGE:	19970826

	FORMER NAME:	
		FORMER CONFORMED NAME:	ROSES STORES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>web1.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2007-08-30</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000914142</issuerCik>
        <issuerName>GILMAN &amp; CIOCIA INC</issuerName>
        <issuerTradingSymbol>GTAX.PK</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000085149</rptOwnerCik>
            <rptOwnerName>WEBFINANCIAL CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>61 EAST MAIN STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LOS GATOS</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>95031</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, $0.01 par value</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>10457940</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes></footnotes>

    <ownerSignature>
        <signatureName>By: WebFinaicial Corporation; By: /s/ Terry Gibson, Chief Financial Officer</signatureName>
        <signatureDate>2007-08-30</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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