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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000909012-04-000419.txt : 20040601
<SEC-HEADER>0000909012-04-000419.hdr.sgml : 20040601
<ACCEPTANCE-DATETIME>20040601131208
ACCESSION NUMBER:		0000909012-04-000419
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20040601
EFFECTIVENESS DATE:		20040601

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:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05150
		FILM NUMBER:		04840554

	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>DEFA14A
<SEQUENCE>1
<FILENAME>t301081.txt
<TEXT>



CORNERSTONE STRATEGIC VALUE FUND, INC.
                                                  383 Madison Avenue, 23rd Floor
                                                        New York, New York 10179
                                                                  (800) 870-0658

Dear Fellow Stockholder:

            YOU ARE ONE OF THE LARGER STOCKHOLDERS OF CLM, AND WE DO
                       NOT YET HAVE YOUR VOTE ON RECORD.
                            WE NEED YOUR VOTE TODAY!

                      A RECENT TALLY OF SHARES VOTED SHOWS
                ALMOST 95% IN FAVOR OF THE TWO MERGER PROPOSALS!
                    YOUR FUND'S MEETING IS ON JUNE 10, 2004.

                           PLEASE VOTE BY PHONE TODAY.
                CALL THE TOLL-FREE NUMBER ON THE ENCLOSED BALLOT,
                      OR VOTE ON-LINE AT WWW.PROXYVOTE.COM.

The benefits to CLM stockholders of these two mergers have been discussed in the
proxy materials and previous mailings, including:

     >>   SIGNIFICANTLY LARGER ASSET BASE
     >>   GREATER ECONOMIES OF SCALE FOR OPERATIONS AND EXPENSES
     >>   IMPROVED OPERATING EXPENSE RATIO
     >>   ENHANCED MARKET LIQUIDITY
     >>   POTENTIAL IMPROVED TAX BENEFITS
     >>   BROADER PORTFOLIO DIVERSIFICATION
     >>   LOWER EXPENSES FROM BETTER MANAGEMENT FEE WAIVER

     |X|  CLM STOCKHOLDER VALUE IS NOT DILUTED
     |X|  REGULAR DISTRIBUTIONS CONTINUE
     |X|  INVESTMENT OBJECTIVES REMAIN UNCHANGED

WE NEED OVER 50% OF OUTSTANDING SHARES IN ORDER TO PASS THE MERGERS, SO YOUR
VOTE IS PARTICULARLY IMPORTANT TO AVOID ADDITIONAL COSTS TO YOUR FUND FROM
RESCHEDULING THE STOCKHOLDER'S MEETING.

YOUR BOARD OF DIRECTORS BELIEVES THAT THESE MERGERS ARE IN THE BEST INTERESTS OF
CLM STOCKHOLDERS AND RECOMMENDS THAT YOU VOTE "FOR" ALL PROPOSALS.

Respectfully,
Ralph W. Bradshaw, President




<PAGE>

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