Value Line Securities

The Value Line Equity Funds

The Value Line Fixed Income Funds

The Value LineTax-Exempt Funds

The Value Line Money Market Fund

The prospectus contains more complete information, including fees and expenses. Read it carefully before you invest or send money. To obtain a free information kit, including prospectus, for any of the above-listed funds, call Value Line toll-free at

Because Equities Have Proven to Be One of the Best Ways to Accumulate Assets

It's also important to remember that when investing for long-term growth, time-not timing-is what counts the most. While it's easy to find an excuse for not getting into the stock market at all, the long-term cost of waiting for the "right moment" to invest can be high. Numerous studies have shown that how long you hold an investment in U.S. equities, not the specific date you decide to buy or sell, is what can make a crucial difference in your ability to meet your financial goals.

The Value Line Fund is designed to provide long-term growth of capital by investing substantially all of its assets in common stocks or securities convertible into common stock. Current income is a secondary objective, and from time to time, a portion of the Fund's assets may be invested in debt securities, short-term indebtedness, bonds, preferred stocks or cash. Of course, there is no guarantee that the Fund will achieve its objectives.

The Value Line Fund provides institutional-quality research
Established in 1950, The Value Line Fund is the oldest in the Value Line family of funds. The Value Line Fund managers make investment decisions using data from the same Value Line analysts widely acclaimed for their quality research and the same proprietary computer models, including the Value Line TimelinessTM Ranking System that we use for our conservative corporate and institutional clients.
The Fund invests in a well diversified portfolio of common stocks or securities convertible into common stock and, will usually invest in those securities ranked 1 or 2 by the Value Line Ranking System for earnings and price momentum. For added income and diversification, the Fund may also invest up to 15% of assets in stocks ranked 3. Overall, the Fund maintains a growth-stock approach and focuses on the managers' key strength, i.e. individual stock picking.
There are risks in all investments, including any stock investment, and in all mutual funds that invest in stocks. When shares are redeemed , they may be worth more or less than the original cost.

The Value Line Advantage
If you're primarily seeking long-term growth of capital, also want low to moderate current income, and can tolerate the possibility of a decline in the value of your investment, then The Value Line Fund may be ideal for you. Besides offering long-term growth, the Fund also offers:

• Highly Regarded Expertise Value Line is one of the nation's most respected investment research firms. Value Line also furnishes investment advisory services to private and institutional accounts with combined assets currently in excess of $5 billion. The Value Line Fund gives you access to this same knowledge and same resources.
  
• No Sales Charge The Value Line Fund is available with no sales charges or commissions and no redemption fees.
  
• Free Exchange Privileges You may transfer all or part of your investment into any of the 14 other investment portfolios in the Value Line Family of Funds.
  
• Retirement Planning for IRAs and Other Qualified Plans. You may purchase The Value Line Fund for your IRA or other qualified plans and watch any earnings accumulate tax-deferred.
  
• Low Minimum Investment $1,000; $100 for each additional investment. The Fund offers an automatic investment plan Valu-Matic for investors who want to start and maintain a regular investment program

To Review other AFTER Benefits, click HERE.

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