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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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MIC-Info: RSA-MD5,RSA,
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 63uSS28aRtpAYIAwQBEaiQ==

<SEC-DOCUMENT>0000804116-01-000001.txt : 20010228
<SEC-HEADER>0000804116-01-000001.hdr.sgml : 20010228
ACCESSION NUMBER:		0000804116-01-000001
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20001231
FILED AS OF DATE:		20010227

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:		NSAR-B
		SEC ACT:		
		SEC FILE NUMBER:	811-04875
		FILM NUMBER:		1555486

	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>NSAR-B
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>N-SAR (6.1)
<TEXT>

<PAGE>      PAGE  1
000 B000000 12/31/2000
000 C000000 0000804116
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 ROYCE VALUE TRUST, INC.
001 B000000 811-4875
001 C000000 2123557311
002 A000000 1414 AVENUE OF THE AMERICAS
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10019
003  000000 N
004  000000 N
005  000000 N
006  000000 N
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007 C010200  2
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007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 ROYCE & ASSOCIATES, INC.
008 B000001 A
008 C000001 801-8268
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10019
011 A000001 DELETE
012 A000001 STATE STREET BANK AND TRUST COMPANY
012 B000001 84-00896
012 C010001 N. QUINCY
012 C020001 MA
012 C030001 02171
013 A000001 TAIT, WELLER & BAKER
013 B010001 PHILADELPHIA
013 B020001 PA
013 B030001 19103
013 B040001 2108
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
<PAGE>      PAGE  2
015 C010001 QUINCY
015 C020001 MA
015 C030001 02170
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000   14
019 C000000 ROYCEFUNDS
020 A000001 B-TRADE SERVICE LLC
020 B000001 13-3872408
020 C000001     82
020 A000002 ROCHDALE SECURITIES
020 B000002 13-3360814
020 C000002     52
020 A000003 WILLIAM O'NEILL & CO., INC.
020 B000003 95-2269163
020 C000003     30
020 A000004 HOWARD, WEIL, LABOUISSE
020 B000004 72-0696314
020 C000004     26
020 A000005 CS FIRST BOSTON CORP.
020 B000005 13-5659485
020 C000005     24
020 A000006 DOWLING & PARTNERS SECURITIES
020 B000006 06-1400223
020 C000006     23
020 A000007 TUCKER ANTHONY CLEARY
020 B000007 04-3414501
020 C000007     20
020 A000008 MORGAN STANLEY & CO.
020 B000008 13-2655998
020 C000008     19
020 A000009 LEGG MASON WOOD WALKER
020 B000009 52-0902557
020 C000009     18
020 A000010 WEISEL THOMAS PARTNERS
020 B000010 94-3310172
020 C000010     71
021  000000      694
022 A000001 STATE STREET BANK & TRUST COMPANY
022 B000001 04-1867445
022 C000001   5898203
022 D000001         0
022 A000002 CANTOR, FITZGERALD & CO.
022 B000002 13-3680187
022 C000002      3403
022 D000002     21643
022 A000003 KNIGHT SECURITIES.
022 B000003 22-3660471
022 C000003      8309
022 D000003      9628
<PAGE>      PAGE  3
022 A000004 FIRST UNION CAPITAL MARKETS
022 B000004 56-1529080
022 C000004      3172
022 D000004     14740
022 A000005 JEFFERIES & COMPANY, INC.
022 B000005 95-2622900
022 C000005      6788
022 D000005      8173
022 A000006 NDB CAPITAL MARKETS
022 B000006 13-2616318
022 C000006      3180
022 D000006      5597
022 A000007 JONES & ASSOCIATES
022 B000007 95-3583143
022 C000007      1432
022 D000007      6648
022 A000008 HERZOG, HEINE, GEDULD
022 B000008 13-1955436
022 C000008      2394
022 D000008      5631
022 A000009 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000009 13-5674085
022 C000009      4137
022 D000009      3490
022 A000010 CHARLES SCHWAB & CO.
022 B000010 94-1727783
022 C000010      1831
022 D000010      5220
023 C000000    5932849
023 D000000      80770
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<PAGE>      PAGE  4
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<PAGE>      PAGE  6
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<PAGE>      PAGE  9
078  000000 N
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 C000000     7200
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086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
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087 A020000 780910105
087 A030000 RVT
087 B010000 CUMULATIVE PREFERRED STOCK
087 B020000 780910204
087 B030000 RVTPFD
087 C010000 TAX-ADVANTAGED CUMULATIVE PREFERRED STOCK
087 C020000 780910303
087 C030000 RVT.PRA
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 Y
SIGNATURE   JOHN E. DENNEEN
TITLE       SECRETARY


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.77B
<SEQUENCE>2
<FILENAME>0002.htm
<TEXT>

<HTML>
<HEAD>
<TITLE>N-SAR</TITLE>
</HEAD>
<BODY LINK="#0000ff" VLINK="#800080">

<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<B><P ALIGN="CENTER">REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS<BR>
ON INTERNAL CONTROL STRUCTURE</P>
<P ALIGN="JUSTIFY">Board of Directors<BR>
Royce Value Trust, Inc.<BR>
New York, New York</P>
</B><P ALIGN="JUSTIFY">In planning and performing our audit of the financial statements of the Royce Value Trust, Inc., for the year ended December 31, 2000, we considered its internal control structure, including procedures for safeguarding securities,
in order to determine our auditing procedures for the purpose of expressing our opinions on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on the internal control structure.</P>
<P ALIGN="JUSTIFY">The management of the Fund is responsible for establishing and maintaining an internal control structure. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the objectives of an internal control structure are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disp
rdance with management's authorization and recorded properly to permit preparation of financial statements in conformity with generally accepted accounting principles.</P>
<P ALIGN="JUSTIFY">Because of inherent limitations in any internal control structure, errors or irregularities may occur and not be detected. Also, projection of any evaluation of the structure to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate.</P>
<P ALIGN="JUSTIFY">Our consideration of the internal control structure would not necessarily disclose all matters in the internal control structure that might be material weaknesses under standards established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the design or operation of the specific internal control structure elements does not reduce to a relatively low level the risk that errors or irregularities in amounts that would be material in relat
ccur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving the internal control structure, including procedures for safeguarding securities, that we
consider to be material weaknesses, as defined above, as of December 31, 2000.</P>
<P ALIGN="JUSTIFY">This report is intended solely for the information and use of management and the Securities and Exchange Commission, and should not be used for any other purpose.</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="CENTER">/s/ <B>TAIT, WELLER &amp; BAKER</P>
<P ALIGN="JUSTIFY">Philadelphia, Pennsylvania<BR>
January 18, 2001</P></B></BODY>
</HTML>

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