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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Mrw8q3/5YcVNH4Ia9Ez8oeNMVJhXvlgZaS7J+/7VY/rLoLcPJYo6VMu1JMMYpora
 F15fbOV9jX4nFvp5pJYCNg==

<SEC-DOCUMENT>0001048703-02-000074.txt : 20020430
<SEC-HEADER>0001048703-02-000074.hdr.sgml : 20020430
ACCESSION NUMBER:		0001048703-02-000074
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020430
FILED AS OF DATE:		20020430

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CORNERSTONE STRATEGIC VALUE FUND INC/ NEW
		CENTRAL INDEX KEY:			0000814083
		IRS NUMBER:				133407699
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05150
		FILM NUMBER:		02625915

	BUSINESS ADDRESS:	
		STREET 1:		BEAR STEARNS FUNDS MANAGEMENT INC.
		STREET 2:		383 MADISON AVENUE - 23RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10179
		BUSINESS PHONE:		2122722093

	MAIL ADDRESS:	
		STREET 1:		BEAR STEARNS FUNDS MANAGEMENT INC.
		STREET 2:		383 MADISON AVENUE - 23RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10179

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CLEMENTE GLOBAL GROWTH FUND INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CLEMENTE STRATEGIC VALUE FUND INC
		DATE OF NAME CHANGE:	19990622
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			KARPUS MANAGEMENT INC
	CENTRAL INDEX KEY:			0001048703
<RELATIONSHIP>OTHER
	IRS NUMBER:				161290550
	STATE OF INCORPORATION:			NY
	FISCAL YEAR END:			0630

FILING VALUES:
	FORM TYPE:		4

BUSINESS ADDRESS:	
	STREET 1:		14 TOBEY VILLAGE OFFICE PARK
	CITY:			PITTSFORD
	STATE:			NY
	ZIP:			14534
	BUSINESS PHONE:		7165864680
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4clm04.txt
<TEXT>
		FORM 4

		Check this box if no longer subject to Section 16. Form 4 or Form 5
		obligations may continue. See Instruction 1(b).
		(Print or Type Responses)
	UNITED STATES SECURITIES AND EXCHANGE COMMISSION
	Washington, D.C. 20549
	STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
	Section 17(a) of the Public Utility Holding Company Act of 1935 or Section
	30(f) of the Investment Company Act of 1940OMB APPROVAL
		OMB Number: 3235-0287
		Expires: January 31, 2005
		Estimated average burden
		hours per response. . . . 0.5




		1.Name and Address of Reporting Person*
		Karpus Management Inc. (KMI) d/b/a
		Karpus Investment Management
		183 Sully?s Trail
		Pittsford, New York 14534

		2.Issuer Name and Ticker or Trading Symbol
		Cornerstone Strategic Value Fund, Inc. (CLM)

		3.I.R.S. Identification Number of
		Reporting Person, if an entity (voluntary)

		4.Statement for Month/Year
		April/2002

		5.If Amendment, Date of Original (Month/Year)
		September/2001

		6.Relationship of Reporting Person(s) to Issuer
		(Check all applicable)

		___Director___10% Owner

		___Officer (give title below)_X_Other (specify below)

		Beneficial Owner


		7.Individual or Joint/Group Filing (Check Applicable Line)

		_X_Form filed by One Reporting Person

		___Form filed by More than One Reporting Person






Table I ? Non-Derivative Securities Acquired,
	Disposed of, or Beneficially Owned
		1.Title of Security
		Cornerstone Strategic Value Fund, Inc. (CLM) Common Stock
		2.Transaction Date 3.Transaction Code
		03/01/02	P	1750	A	7.62
		03/04/02	S	500	D	7.74
		03/04/02	P	750	A	7.78
		03/04/02	P	500	A	7.75
		03/04/02	P	2600	A	7.80
		03/08/02	P	1800	A	7.90
		03/11/02	P	1000	A	7.80
		03/11/02	P	275	A	7.72
		03/13/02	P	300	A	7.94
		03/20/02	S	100	D	7.94
		03/20/02	P	600	A	7.95
		03/20/02	P	2550	A	7.94
		03/22/02	P	1500	A	7.93
		03/25/02	P	1000	A	7.94
		03/25/02	P	500	A	7.93
		03/26/02	P	150	A	7.85
		03/26/02	P	375	A	7.80
		03/27/02	S	500	D	7.70


		4.Securities Acquired (A)
		or Disposed of (D)

		5.Amount of Securities Beneficially Owned at End of Month

		6.Ownership Form: Direct (D) or Indirect (I)
		I

		7.Nature of Indirect Beneficial Ownership
		IA








  __________________________________
	**Signature of Reporting Person_George W. Karpus, President
	Date
	April 30, 2002


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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