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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000905148-98-000997.txt : 19980527
<SEC-HEADER>0000905148-98-000997.hdr.sgml : 19980527
ACCESSION NUMBER:		0000905148-98-000997
CONFORMED SUBMISSION TYPE:	8-A12B
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980526
SROS:			NYSE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ROYCE VALUE TRUST INC
		CENTRAL INDEX KEY:			0000804116
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				133356097
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-A12B
		SEC ACT:		
		SEC FILE NUMBER:	001-09313
		FILM NUMBER:		98631274

	BUSINESS ADDRESS:	
		STREET 1:		1414 AVE OF THE AMERICAS 9TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		2123557311

	MAIL ADDRESS:	
		STREET 1:		1414 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-A12B
<SEQUENCE>1
<DESCRIPTION>H:\384239.TXT
<TEXT>




                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                              --------------------

                                    FORM 8-A

                FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES
                    PURSUANT TO SECTION 12(b) OR 12(g) OF THE

                         SECURITIES EXCHANGE ACT OF 1934

                                 AMENDMENT NO. 1


                                 Royce Value Trust, Inc.
             ------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)

                Maryland                                          13-3356097
- --------------------------------------------------------------------------------
(State of Incorporation or Organization)                      (I.R.S. Employer
                                                             Identification No.)

      1414 Avenue of the Americas
         New York, New York                                         10019
- --------------------------------------------------------------------------------
(Address of principal executive offices)                         (Zip Code)




     If this Form relates to the              If this Form  relates to the
     registration of a class of debt          registration of a class of debt
     securities and is effective upon         securities and is to become
     filing pursuant to General               effective simultaneously with
     the Instruction A(c)(1) please check     effectiveness  of  a  concurrent
     the following  box.  /_/                 registration  statement under the
                                              Securities  Act of 1933  pursuant
                                              to  General  Instruction  A(c)(2)
                                              please check the following box.
                                              /_/


        Securities to be registered pursuant to Section 12(b) of the Act:

        Title of Each Class                     Name of Each Exchange on Which
        to be so Registered                     Each Class is to be Registered
        -------------------                     ------------------------------
        7.30% Tax-Advantaged                    New York Stock Exchange
        Cumulative Preferred Stock



     Securities to be registered pursuant to Section 12(g) of the Act:

                  None.

Item 1.  Description of Registrant's Securities to be Registered.

     The section  captioned  "Description of Cumulative  Preferred Stock" in the
Registrant's  form of Preliminary  Prospectus  filed as a part of  Pre-Effective
Amendment  No. 1 to the  Registrant's  Registration  Statement  on Form N-2 (No.
333-51295), filed with the Securities and Exchange Commission (the "Commission")
on April 29, 1998, is incorporated herein by reference.

Item 2.  Exhibits.

         The following exhibits have been filed with the Commission:

          (1)  Form of Certificate for Common Stock.(a)

          (2)  Portions of the  Articles of  Incorporation,  as amended,  of the
               Registrant defining the rights of holders of Common Stock.(b)

          (3)  Form of Certificate for 7.30% Tax-Advantaged Cumulative Preferred
               Stock (the "Cumulative Preferred Stock").(c)

          (4)  Portions  of the  form of  Articles  Supplementary  defining  the
               rights of holders of Cumulative Preferred Stock.(c)

- ----------
(a)       Incorporated   by   reference   to  Exhibit  4  to  the   Registrant's
          Registration  Statement on Form N-2 (File No. 811-4875) filed with the
          Commission on October 15, 1986.

(b)       Incorporated   by   reference   to  Exhibit  1  to  the   Registrant's
          Registration  Statement on Form N-2 (File No.  33-9514) filed with the
          Commission  on October 15, 1986,  Exhibit  77Q(a) to the  Registrant's
          Semi-Annual  Report on Form  N-SAR for the  six-months  ended June 30,
          1988,  and  Exhibit  (1)(C)  to  Amendment  No. 4 to the  Registrant's
          Registration  Statement on Form N-2 (File No. 33-29748) filed with the
          Commission on August 14, 1989.

(c)       Incorporated   by  reference  to  Exhibit  (d)  to  the   Registrant's
          Registration Statement on Form N-2 (File No. 333-51295) filed with the
          Commission on April 29, 1998.




                                        SIGNATURE

     Pursuant to the  requirements of Section 12 of the Securities  Exchange Act
of 1934, the registrant has duly caused this Registration Statement to be signed
on its behalf by the undersigned, thereto duly authorized.

                                              ROYCE VALUE TRUST, INC.

Date: May 26, 1998                            By:   /s/ John E. Denneen
                                                        Secretary

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</DOCUMENT>
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