The broad-line radio galaxy 3C111 has been suggested as the counterpart of the gamma-ray source 3EGJ0416+3650. While 3C111 meets most of the criteria for a high-probability identification, like a bright flat-spectrum radio core and a blazar-like broadband SED, in the Third EGRET Catalog, the large positional offset of about 1.5 degrees put 3C111 outside the 99% probability region for 3EGJ0416+3650, making this association questionable. We present a re-analysis of all available data for 3C111 from the EGRET archives, resulting in probable detection of high-energy gamma-ray emission above 1000MeV from a position close to the nominal position of 3C111, in two separate viewing periods (VPs), at a 3-sigma level in each. A new source, GROJ0426+3747, appears to be present nearby. For >100MeV, one source seems to account for most of the EGRET-detected emission of 3EGJ0416+3650. A follow-up Swift UVOT/XRT observation reveals one moderately bright X-ray source in the error box of 3EGJ0416+3650, but because of the large EGRET position uncertainty, it is not certain that the X-ray and gamma-ray sources are associated. Another Swift observation, of GROJ0426+3747, detected no X-ray source nearby.
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