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<SEC-DOCUMENT>0001111830-10-000249.txt : 20100226
<SEC-HEADER>0001111830-10-000249.hdr.sgml : 20100226
<ACCEPTANCE-DATETIME>20100226154044
ACCESSION NUMBER:		0001111830-10-000249
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20091231
FILED AS OF DATE:		20100226
DATE AS OF CHANGE:		20100226
EFFECTIVENESS DATE:		20100226

FILER:

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

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05150
		FILM NUMBER:		10638994

	BUSINESS ADDRESS:	
		STREET 1:		ULTIMUS FUND SOLUTIONS, LLC
		STREET 2:		260 MADISON AVENUE, 8TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
		BUSINESS PHONE:		(646) 881-4985

	MAIL ADDRESS:	
		STREET 1:		ULTIMUS FUND SOLUTIONS, LLC
		STREET 2:		260 MADISON AVENUE, 8TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CORNERSTONE STRATEGIC VALUE FUND INC/ NEW
		DATE OF NAME CHANGE:	20010503

	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>NSAR-B
<SEQUENCE>1
<FILENAME>answer.fil
<DESCRIPTION>CORNERSTONE STRATEGIC VALUE FUND, INC. - NSAR-B
<TEXT>
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002 B000000 NEW YORK
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005  000000 N
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010 C030001 45246
012 A000001 AMERICAN STOCK TRANSFER & TRUST CO, LLC
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012 C010001 NEW YORK
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012 C030001 10038
013 A000001 TAIT, WELLER & BAKER LLP
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087 A020000 21924B203
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SIGNATURE   FRANK J. MARESCA
TITLE       TREASURER

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77.B
<SEQUENCE>2
<FILENAME>ex77b.txt
<DESCRIPTION>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
<TEXT>


                            TAIT, WELLER & BAKER LLP
                          CERTIFIED PUBLIC ACCOUNTANTS




             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM




SHAREHOLDERS AND BOARD OF DIRECTORS
CORNERSTONE STRATEGIC VALUE FUND, INC.
NEW YORK, NEW YORK


In planning and performing our audit of the financial  statements of Cornerstone
Strategic Value Fund, Inc., (the "Fund"),  as of and for the year ended December
31, 2009, in  accordance  with the  standards of the Public  Company  Accounting
Oversight  Board  (United  States),  we  considered  its  internal  control over
financial reporting,  including control activities for safeguarding  securities,
as a basis for designing our auditing  procedures  for the purpose of expressing
our opinion on the financial  statements and to comply with the  requirements of
Form  N-SAR,   but  not  for  the  purpose  of  expressing  an  opinion  on  the
effectiveness of Fund's internal control over financial reporting.  Accordingly,
we express no such opinion.

The  management of the Fund is  responsible  for  establishing  and  maintaining
effective  internal  control  over  financial  reporting.   In  fulfilling  this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of controls.  A fund's internal control over
financial  reporting  is a process  designed  to  provide  reasonable  assurance
regarding  the  reliability  of  financial  reporting  and  the  preparation  of
financial statements for external purposes in accordance with generally accepted
accounting  principles.  A fund's  internal  control  over  financial  reporting
includes those policies and  procedures  that (1) pertain to the  maintenance of
records  that,  in  reasonable   detail,   accurately  and  fairly  reflect  the
transactions and dispositions of the assets of the fund; (2) provide  reasonable
assurance that  transactions are recorded as necessary to permit  preparation of
financial   statements  in  accordance   with  generally   accepted   accounting
principles,  and that receipts and  expenditures of the fund are being made only
in accordance with  authorizations  of management and directors of the fund; and
(3) provide  reasonable  assurance  regarding  prevention or timely detection of
unauthorized acquisition,  use or disposition of a fund's assets that could have
a material effect on the financial statements.

Because of inherent  limitations,  internal control over financial reporting may
not prevent or detect  misstatements.  Also,  projections  of any  evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate  because of changes in  conditions,  or that the degree of compliance
with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design
or operation of a control does not allow management or employees,  in the normal
course  of  performing   their   assigned   functions,   to  prevent  or  detect
misstatements  on a timely  basis.  A  material  weakness  is a  deficiency,  or
combination of deficiencies,  in internal control over financial reporting, such
that  there is a  reasonable  possibility  that a material  misstatement  of the
fund's annual or interim financial  statements will not be prevented or detected
on a timely basis.



<PAGE>

Our  consideration of the Fund's internal  control over financial  reporting was
for  the  limited  purpose  described  in the  first  paragraph  and  would  not
necessarily disclose all deficiencies in internal control that might be material
weaknesses  under  standards   established  by  the  Public  Company  Accounting
Oversight Board (United States). However, we noted no deficiencies in the Fund's
internal control over financial reporting and its operation,  including controls
for  safeguarding  securities,  that we consider to be material  weaknesses,  as
defined above, as of December 31, 2009.

This  report is  intended  solely  for the  information  and use of  management,
Shareholders  and Board of Directors of Cornerstone  Strategic  Value Fund, Inc.
and the Securities and Exchange Commission, and is not intended to be and should
not be used by anyone other than these specified parties.





                                         /s/ TAIT, WELLER & BAKER LLP

                                         TAIT, WELLER & BAKER LLP

PHILADELPHIA, PENNSYLVANIA
FEBRUARY 24, 2009
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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