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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000909012-04-000262.txt : 20040422
<SEC-HEADER>0000909012-04-000262.hdr.sgml : 20040422
<ACCEPTANCE-DATETIME>20040422140458
ACCESSION NUMBER:		0000909012-04-000262
CONFORMED SUBMISSION TYPE:	RW
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20040422

FILER:

	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:		RW
		SEC ACT:		
		SEC FILE NUMBER:	333-113046
		FILM NUMBER:		04747768

	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 STRATEGIC VALUE FUND INC
		DATE OF NAME CHANGE:	19990622

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CLEMENTE GLOBAL GROWTH FUND INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>RW
<SEQUENCE>1
<FILENAME>t300976.txt
<DESCRIPTION>REQUEST FOR WITHDRAWAL
<TEXT>




                     CORNERSTONE STRATEGIC VALUE FUND, INC.
                     c/o Bear Stearns Funds Management Inc.
                               383 Madison Avenue
                            New York, New York 10179



                                                                  April 22, 2004

VIA ELECTRONIC TRANSMISSION (CORRESPONDENCE FILING)

U.S. Securities and Exchange Commission Division of Investment Management 450
Fifth St., N.W.
Washington, D.C. 20549
Attn:  Ms. Linda Stirling

         Re:      Cornerstone Strategic Value Fund, Inc.
                  Form N-14; Filed February 24, 2004
                  FILE NOS. 333-113046, 811-05150

Dear Mr. DiSteffano:

         Pursuant to Rule 477 of Regulation C, promulgated under the Securities
Act of 1933, as amended, Cornerstone Strategic Value Fund, Inc. (the "Fund")
hereby applies for withdrawal of the above-referenced Form N-14 with respect to
the Fund originally filed with the U.S. Securities and Exchange Commission on
February 24, 2004. We are requesting the withdrawal due to the fact that the
registration statement was filed with the wrong submission header. Please note
that no securities were sold in connection with this offering.

         The Company respectfully requests that the Commission consents to the
withdrawal of the Form N-14, effective as of the filing of this request.

                                   Very Truly Yours,

                                   CORNERSTONE STRATEGIC VALUE FUND, INC.



                                   By:      /S/ RALPH W. BRADSHAW
                                      --------------------------------
                                   Name:    Ralph W. Bradshaw, President


<PAGE>



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