PAGE  1
000 A000000 06/30/2004
000 C000000 0000102756
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001 A000000 THE VALUE LINE FUND, INC.
001 B000000 811-568
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002 A000000 220 EAST 42ND STREET
002 B000000 NEW YORK
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002 D020000 5891
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012 A000001 STATE STREET BANK AND TRUST COMPANY C/O BFDS
012 B000001 84-1
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64121
      PAGE  2
012 C040001 9729
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 NYC
013 B020001 NY
013 B030001 10036
014 A000001 VALUE LINE SECURITIES, INC.
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020 C000002    155
020 A000003 CREDIT SUISSE FIRST BOSTON CORPORATION
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020 C000003    103
020 A000004 BEAR, STEARNS & CO., INC.
020 B000004 13-3299429
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020 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
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      PAGE  3
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      PAGE  4
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      PAGE  5
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      PAGE  6
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      PAGE  7
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      PAGE  8
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      PAGE  9
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SIGNATURE   STEPHEN LAROSA
TITLE       ASST-TREASURER