Value Line Cash Fund, page 2



Money market funds can be the foundation for a well-diversified portfolio Money market funds are designed to provide competitive yields while maximizing liquidity and minimizing risk, so they can: help to balance more aggressive investments you may own be an ideal place to temporarily "park" your money while you're considering other investment options provide essential convenience with the advent of "T+3," a shorter trade settlement schedule than previously in effect, just instituted in 1995 by the Securities & Exchange Commission serve as an effective, low risk savings alternative, especially when economic conditions seem uncertain earn interest on money to pay larger bills by check or on money you want to keep easily accessible for emergencies or short-term cash needs. The Value Line Cash Fund is designed to secure as high a level of current income as is consistent with liquidity and preservation of capital by investing in short-term money market instruments maturing in 397 days or less—U.S. government securities, certificates of deposit, bankers' acceptances, commercial paper, other corporate debt obligations—and in repurchase agreements with respect to U.S. government securities. The Fund is also managed to maintain a stable $1.00 per share net asset value, regardless of interest rates or other market conditions.* Of course, there is no guarantee that the Fund will achieve its objective. *An investment in the Fund is neither insured nor guaranteed by the U.S. Government. Shares of the Fund are offered at net asset value. There can be no assurance that the Fund will be able to maintain a stable net asset value of $1.00 per share at all times.	The Value Line Cash Fund offers high quality, professional management Not all money market instruments are alike, and so strict criteria for credit quality can provide a big advantage. The Value Line Cash Fund's investment adviser is Value Line, Inc., the same widely acclaimed manager that provides investment counseling services to our conservative corporate and institutional clients. The adviser manages the Fund’s investments, provides various administrative services and supervises the Fund’s daily business affairs. The managers make decisions for the Fund’s investors using data from the nation’s top independent rating agencies, Standard & Poor’s Corporation and Moody’s Investors Service, Inc. as well as from our own Value Line Financial Strength ratings. Among other factors, the managers evaluate rates, terms, and marketability of individual obligations as well as the capitalization, earnings, liquidity and other indicators of the financial condition of their issuers. To minimize the effect of changing interest rates on the net asset value of its shares, the Fund intends to keep the average maturity of its holdings to 90 days or less. The Fund invests primarily in obligations of the U.S. government and its agencies, obligations of banks subject to regulation by the U.S. government and generally limited to those with a net worth of least $100 million and a Value Line financial strength rating of at least "A," instruments fully secured or collateralized by the type of obligation just described, and commercial paper and other debt instruments issued by corporations highly rated by Moody’s or S&P.