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Value Line Funds
Closing Prices for 7/25/2000
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Value Line #1 Strategy Trust


Fund performance should be considered in light of each fund's investment objectives and policies as described in its prospectus.

All Value Line Funds are offered by prospectus only. Prospectuses contain more complete information on management fees, charges and other expenses and should read carefully before investing or sending money. You can obtain a free prospectus by mail, or, for some funds, download an electronic version. To have a prospectus mailed to you, call us at (800) 223-0818.

Per share net asset values are based on prices determined once daily as of the close of regular trading of the first session of the New York Stock Exchange (currently 4:00 p.m., New York time) on each day that the New York Stock Exchange is open for trading except on days on which no orders to purchase, sell, or redeem fund shares have been received. Prices are subject to change without notice.

An investment in either of the Value Line Money Market funds is neither insured nor guaranteed by the U.S. Government and there can be no assurance that either fund will be able to maintain a stable net asset value of $1.00 per share. Yields represent past performance and investment returns will fluctuate.


NAME SYMBOL NAV DAILY
CHANGE
%
CHANGE
Equity Funds
Value Line Asset Allocation VLAAX 20.79 0.10 0.48%
Value Line Convertible VALCX 16.58 0.05 0.30%
Value Line Fund VLIFX 27.05 0.26 0.97%
Value Line Income Growth VALIX 10.73 0.06 0.56%
Value Line Leveraged Growth VALLX 61.22 0.61 1.01%
Value Line Special Situations VALSX 29.67 0.16 0.54%
Value Line Emerging Opportunities* VLSCX 24.23 0.05 0.21%
Value Line US Multinational** VLUMX 25.04 0.28 1.13%
Fixed Income Funds
Value Line Aggressive Income VAGIX 6.46 -0.01 -0.15%
Value Line New York Tax Ex VLNYX 9.64 0.00 0.00%
Value Line Tax Ex - National VLHYX 10.07 0.00 0.00%
Value Line US Government VALBX 10.69 -0.01 -0.09%

Money Market Funds
NAME SYMBOL 7-DAY
YIELD %
7-DAY
EFFECTIVE YIELD %
Value Line Cash Fund VLCXX - -
Value Line Tax Exempt MM VLTXX - -

* Funds that invest in smaller companies involve greater risk and increased volatility.
** International investments entail special risk considerations including currency, liquidity, economic and political risks.

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220 East 42nd Street
New York, NY 10017