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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000912057-01-004093.txt : 20010207
<SEC-HEADER>0000912057-01-004093.hdr.sgml : 20010207
ACCESSION NUMBER:		0000912057-01-004093
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20001231
FILED AS OF DATE:		20010206

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VALUE LINE INC
		CENTRAL INDEX KEY:			0000717720
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		IRS NUMBER:				133139843
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		
		SEC FILE NUMBER:	028-00401
		FILM NUMBER:		1525861

	BUSINESS ADDRESS:	
		STREET 1:		220 E 42ND ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2129071500
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>a2037140z13f-hr.txt
<DESCRIPTION>13F-HR
<TEXT>

<PAGE>

                                UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                  Form 13F

                             Form 13F COVER PAGE


Report for the Calendar Year or Quarter Ended:  December 31, 2000
                                               -----------------------

Check Here if Amendment / /; Amendment Number:
                                               ---------
This Amendment (Check only one.):    / / is a restatement.
                                     / / adds new holdings entries.

Institutional Investment Manager Filing this Report:

   Name:         Value Line Inc
                 -------------------------------
   Address:      220 East 42nd Street
                 -------------------------------
                 New York NY 10017
                 -------------------------------

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

Form 13F File Number: 28-00401
                         ---------------------

    The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the report is
authorized to submit it, that all information contained herein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, lists, and tables, are considered integral parts of
this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:    David Henigson
         -------------------------------
Title:   Vice President
         -------------------------------
Phone:   212-907-1600
         -------------------------------

Signature, Place, and Date of Signing:
/s/ David Henigson                 New York NY         2/6/01
- -------------------------------    -----------------   -------------
[Signature]                        [City, State]       [Date]

Report Type (Check only one.):

    /X/ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
        manager are reported in this report.)

    / / 13F NOTICE. (Check here if no holdings reported are in this report,
        and all holdings are reported by other reporting manager(s).)

    / / 13F COMBINATION REPORT. (Check here if a portion of the holdings for
        this reporting manager are reported in this report and a portion are
        reported by other reporting manager(s).)

   List of Other Managers Reporting for this Manager:
   [If there are no entries in this list, omit this section.]

        Form 13F File Number        Name
        28-
           ---------------          ------------------------------------
[Repeat as necessary.]

<PAGE>

                             Form 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:                                 None
                                                           --------------------

Form 13F Information Table Entry Total:                             738
                                                           --------------------

Form 13F Information Table Value Total:                   $5,075,487,890
                                                           --------------------
                                                                    (thousands)


List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.

[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]

     No.       Form 13F File Number         Name
               28-
     ------       -----------------         ---------------------------------
     [Repeat as necessary.]


<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   1

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
A D C TELECOMMUNICATIONS  COMMON  000886101      27374188        1510300              1510300                      1509300    1000

ABM INDS INC              COMMON  000957100        431813          14100                14100                        14100

ACT MFG INC               BND CV  000973AA5        285625         500000               500000                       500000

AFLAC INC                 COMMON  001055102       7312594         101300               101300                       101000     300

AGL RES INC               COMMON  001204106        485375          22000                22000                        22000

AES CORP                  COMMON  00130H105      68709300        1240800              1240800                       967200  273600

AES CORP                  BND CV  00130HAN5       2091250        1000000              1000000                      1000000

ASM LITHOGRAPHY HOLDING   BND CV  00207EAB6        461875         500000               500000                       500000

AVX CORP NEW              COMMON  002444107       1048000          64000                64000                        64000

ABERCROMBIE & FITCH CO    COMMON  002896207       5508000         275400               275400                       275400

ACCREDO HEALTH INC        COMMON  00437V104        923450          18400                18400                        18400

ACTEL CORP                COMMON  004934105        561150          23200                23200                        23200

ACTUATE CORP              COMMON  00508B102       4264875         223000               223000                       223000

ACTUANT CORP              COMMON  00508X104         76200          25400                25400                        25400

ACXIOM CORP               COMMON  005125109       4789313         123000               123000                       123000

ADAC LABS                 COMMON  005313200        312375          17000                17000                        17000

ADAPTEC INC               BND CV  00651FAC2        797500        1000000              1000000                      1000000

ADMINISTAFF INC           COMMON  007094105       1795200          66000                66000                        66000

ADOBE SYS INC             COMMON  00724F101      57081938         981000               981000                       980600     400
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   2

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
ADVANCE PARADIGM INC      COMMON  007491103       2648100          58200                58200                       58200

ADVANCED DIGITAL INFORMA  COMMON  007525108       3427000         149000               149000                      149000

ADVO INC                  COMMON  007585102       2240938          50500                50500                       50500

AEROFLEX INC              COMMON  007768104       3034160         105250               105250                      105250

ADVANCED ENERGY INDS      COMMON  007973100        951750          42300                42300                       42300

ADVENT SOFTWARE INC       COMMON  007974108       1089700          27200                27200                       27200

AES TR III                PFD CV  00808N202        860000          10000                10000                       10000

AFFILIATED COMPUTER SERV  COMMON  008190100       6493563         107000               107000                      107000

AFFILIATED COMPUTER SERV  BND CV  008190AC4        756875         500000               500000                      500000

AFFYMETRIX INC            COMMON  00826T108       1414313          19000                19000                       19000

AFFYMETRIX INC            BND CV  00826TAA6        341563         250000               250000                      250000

AGILE SOFTWARE CORP DEL   COMMON  00846X105        814688          16500                16500                       16500

AIRBORNE INC              COMMON  009269101        341250          35000                35000                               35000

ALBANY MOLECULAR RESH IN  COMMON  012423109       4837563          78500                78500                       78500

ALBERTSONS INC            COMMON  013104104       1192500          45000                45000                       45000

ALCOA INC                 COMMON  013817101      12234200         365200               365200                      365200

ALLEGHENY ENERGY INC      COMMON  017361106       4495894          93300                93300                       93300

ALLERGAN INC              COMMON  018490102      25016350         258400               258400                      258400

ALLIANT TECHSYSTEMS INC   COMMON  018804104       1972463          29550                29550                       29550
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   3

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
ALLIED WASTE INDS INC     COMMON  019589308        859188          59000                59000                                 59000

ALLSTATE CORP             COMMON  020002101       9409500         216000               216000                       142000    74000

ALPHA INDS INC            COMMON  020753109       1258000          34000                34000                        34000

ALPHARMA INC              COMMON  020813101       4343625          99000                99000                        99000

ALTERA CORP               COMMON  021441100      10267138         390200               390200                       390200

ALZA CORP                 BND CV  02261WAA7       2073750        3000000              3000000                      3000000

AMBAC FINL GROUP INC      COMMON  023139108       2886469          49500                49500                        49500

AMERICA ONLINE INC DEL    COMMON  02364J104      59078446        1697656              1697656                      1336556  361100

AOL                       BND CV  02364JAC8        942500        2000000              2000000                      2000000

AMERICAN EXPRESS CO       COMMON  025816109      47839575         870800               870800                       870800

AMERICAN FREIGHTWAYS COR  COMMON  02629V108       1042069          37300                37300                        37300

AMERICAN INTL GROUP INC   COMMON  026874107     114046866        1157102              1157102                       873881  283221

AMERICAN STD COS INC DEL  COMMON  029712106        542438          11000                11000                        11000

AMERICREDIT CORP          COMMON  03060R101       1921125          70500                70500                        70500

AMERISOURCE HEALTH CORP   COMMON  03071P102       6049900         119800               119800                       119800

AMERISOURCE HEALTH CORP   BND CV  03071PAB8        585625         500000               500000                       500000

AMGEN INC                 COMMON  031162100      30344738         474600               474600                       474600

AMPHENOL CORP NEW         COMMON  032095101        768075          19600                19600                        19600

ANADARKO PETE CORP        COMMON  032511107      33322304         468800               468800                       468400     400
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   4

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
ANADARKO                  BND CV  032511AP2        880000        1000000              1000000                      1000000

ANALOG DEVICES INC        COMMON  032654105       2149875          42000                42000                        42000

ANALOG DEVICES INC        BND CV  032654AC9        877500        1000000              1000000                      1000000

ANAREN MICROWAVE INC      COMMON  032744104       1840938          27400                27400                        27400

ANCHOR GAMING             COMMON  033037102        351000           9000                 9000                         9000

ANDREW CORP               COMMON  034425108        424125          19500                19500                        19500

ANDRX GROUP               COMMON  034553107       3102100          53600                53600                        53600

ANIXTER INTL INC          COMMON  035290105       1070438          49500                49500                        49500

ANNTAYLOR STORES CORP     COMMON  036115103      13249294         531300               531300                       531300

ANNTAYLOR STORES CORP     BND CV  036115AA1        453750        1000000              1000000                      1000000

APACHE CORP               COMMON  037411105      28151113         401800               401800                       400800  1000

APOLLO GROUP INC          COMMON  037604105       1460869          29700                29700                        29700

APPLIED MATLS INC         COMMON  038222105       8851863         231800               231800                       231800

APPLIED MICRO CIRCUITS C  COMMON  03822W109       6904313          92000                92000                        92000

APTARGROUP INC            COMMON  038336103        205625           7000                 7000                         7000

ARADIGM CORP              COMMON  038505103       1462500         100000               100000                       100000

AREMISSOFT CORP DEL       COMMON  040026106       1920938          45000                45000                        45000

ARGOSY GAMING CO          COMMON  040228108        825063          43000                43000                        43000

ARM HLDGS PLC             COMMON  042068106       1128125          50000                50000                        50000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   5

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
ASPEN TECHNOLOGY INC      COMMON  045327103       1303400          39200                39200                        39200

ASTORIA FINL CORP         COMMON  046265104        890725          16400                16400                        16400

ATHENA NEUROSCIENCES INC  BND CV  046854AB1       1325000        1000000              1000000                      1000000

ATLANTIC COAST AIRLINES   COMMON  048396105       2207250          54000                54000                        54000

ATMEL CORP                COMMON  049513104       2859750         246000               246000                       246000

AVENTIS                   COMMON  053561106       1853500          22000                22000                        22000

AVIRON                    COMMON  053762100       5184650          77600                77600                        77600

AVOCENT CORP              COMMON  053893103       3510000         130000               130000                       130000

AVON PRODUCTS             BND CV  054303AN2       1027500        2000000              2000000                      2000000

AXA                       COMMON  054536107        847388          11800                11800                        11800

BB&T CORP                 COMMON  054937107       2873063          77000                77000                        77000

BCE INC                   COMMON  05534B109       1157500          40000                40000                        40000

BISYS GROUP INC           COMMON  055472104       6896138         132300               132300                       132300

BJ SVCS CO                COMMON  055482103      11116425         161400               161400                       161400

BJS WHOLESALE CLUB INC    COMMON  05548J106       1055313          27500                27500                        27500

BMC SOFTWARE INC          COMMON  055921100       4270000         305000               305000                       100000  205000

BAKER HUGHES INC          COMMON  057224107       9783813         235400               235400                       234900     500

BANCWEST CORP NEW         COMMON  059790105        705375          27000                27000                        27000

BANK OF AMERICA CORP      COMMON  060505104       1816925          39606                39606                                39606
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   6

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
BANKBOSTON CORP           COMMON  06605R106       2429000          56000                56000                                56000

BANKNORTH GROUP INC NEW   COMMON  06646R107       1914000          96000                96000                        96000

BEA SYS INC               COMMON  073325102      27032700         401600               401600                       401200     400

BEA SYS INC               BND CV  073325AC6       1037500         500000               500000                       500000

BECKMAN COULTER INC       COMMON  075811109       5787375         138000               138000                       138000

BED BATH & BEYOND INC     COMMON  075896100      52178500        2332000              2332000                      2107200  224800

BELDEN INC                COMMON  077459105        908425          35800                35800                        35800

BELL ATLANTIC (EURO)      BND CV  07785GAC4       2055000        2000000              2000000                      2000000

BELL MICROPRODUCTS INC    COMMON  078137106        679450          42800                42800                        42800

BERKSHIRE HATHAWAY INC D  BND CV  084670AF5       3060000        1000000              1000000                      1000000

BINDLEY WESTN INDS INC    COMMON  090324104       4363107         104977               104977                       104977

BIOGEN INC                COMMON  090597105      14859463         247400               247400                       246800     600

BIOMET INC                COMMON  090613100       7362031         185500               185500                       185500

BIOVAIL CORP              COMMON  09067J109      12351120         318000               318000                       318000

BLACK BOX CORP DEL        COMMON  091826107       1111188          23000                23000                        23000

BLACK HILLS CORP          COMMON  092113109        895000          20000                20000                        20000

BOEING CO                 COMMON  097023105      13068000         198000               198000                       198000

BOSTON COMMUNICATIONS GR  COMMON  100582105        223000           8000                 8000                         8000

BRINKER INTL INC          COMMON  109641100       8378175         198300               198300                       198300
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   7

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
BROADCOM CORP             COMMON  111320107       4452000          53000                53000                        53000

BROADVISION INC           COMMON  111412102        560503          47450                47450                        47450

BROADWING INC             COMMON  111620100       1391563          61000                61000                        61000

BROADWING INC             PFD CV  111620407        422500          10000                10000                        10000

BROOKS AUTOMATION INC     COMMON  11434A100       1403125          50000                50000                        50000

BROWN TOM INC             COMMON  115660201       1160488          35300                35300                        35300

BURR BROWN CORP           BND CV  122574AD8        331563         250000               250000                       250000

C&D TECHNOLOGIES INC      COMMON  124661109       5052938         117000               117000                       117000

CBRL GROUP INC            COMMON  12489V106       3419250         188000               188000                       188000

CIGNA CORP                COMMON  125509109       7541100          57000                57000                        57000

CNF INC                   COMMON  12612W104       1521563          45000                45000                        45000

CVS CORP                  COMMON  126650100      43312995         722636               722636                       721036   1600

CV THERAPEUTICS INC       COMMON  126667104        990500          14000                14000                        14000

CABLEVISION SYS CORP      COMMON  12686C109       6795000          80000                80000                               80000

CABLETRON SYS INC         COMMON  126920107       1837625         122000               122000                       122000

CABLE DESIGN TECHNOLOGIE  COMMON  126924109       1192006          70900                70900                        70900

CADENCE DESIGN SYSTEM IN  COMMON  127387108       1045000          38000                38000                        38000

CALIFORNIA AMPLIFIER INC  COMMON  129900106        333000          36000                36000                        36000

AMERICAN TOWER CP         BND CV  029912AC5        601250         500000               500000                       500000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   8

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
CALPINE CORP              COMMON  131347106      17502275         388400               388400                       387200  1200

CALPINE CAP TR III        PFD CV  13134R201       1503125          25000                25000                        25000

CAPITAL ONE FINL CORP     COMMON  14040H105       7502625         114000               114000                        32000  82000

CARDINAL HEALTH INC       COMMON  14149Y108      28531604         286390               286390                       226390  60000

CAREER EDUCATION CORP     COMMON  141665109       1682375          43000                43000                        43000

CARNIVAL CORP             COMMON  143658102       2711500          88000                88000                               88000

CARPENTER TECHNOLOGY COR  COMMON  144285103       1872500          53500                53500                        53500

CARREKER CORP             COMMON  144433109       1327450          38200                38200                        38200

CARTER WALLACE INC        COMMON  146285101        267000           8000                 8000                         8000

CATALINA MARKETING CORP   COMMON  148867104        770963          19800                19800                        19800

CATHAY BANCORP INC        COMMON  149150104        631300          10700                10700                        10700

CELERITEK INC             COMMON  150926103        693875          18200                18200                        18200

CELL THERAPEUTICS INC     COMMON  150934107       1599719          35500                35500                        35500

CELESTICA INC             COMMON  15101Q108       4068750          75000                75000                        75000

CELGENE CORP              COMMON  151020104        968500          29800                29800                        29800

CENTEX CORP               COMMON  152312104       5307581         141300               141300                       141300

CENTOCOR INC              BND CV  152342AE1       1362500        1000000              1000000                      1000000

CERNER CORP               COMMON  156782104       5966250         129000               129000                       129000

CHARTER ONE FINL INC      COMMON  160903100       3118500         108000               108000                       108000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   9

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
CHARMING SHOPPES INC      BND CV  161133AA1        475625         500000               500000                       500000

CHEESECAKE FACTORY INC    COMMON  163072101       9115981         237550               237550                       237550

CHICOS FAS INC            COMMON  168615102       2442375         117000               117000                       117000

CHILDRENS PL RETAIL STOR  COMMON  168905107        283500          14000                14000                        14000

CHOICEPOINT INC           COMMON  170388102       1180125          18000                18000                        18000

CHRISTOPHER & BANKS CORP  COMMON  171046105        343888          12200                12200                        12200

CHUBB CORP                COMMON  171232101      10985500         127000               127000                       127000

CIMA LABS INC             COMMON  171796105       2537438          39000                39000                        39000

CIRRUS LOGIC CORP         COMMON  172755100       2235000         119200               119200                       119200

CISCO SYS INC             COMMON  17275R102     101782256        2660974              2660974                      1945874  715100

CITIGROUP INC             COMMON  172967101     106893829        2093392              2093392                      1735392  358000

CITY NATL CORP            COMMON  178566105        201825           5200                 5200                         5200

CLEAR CHANNEL COMMUNICAT  COMMON  184502102      11043750         228000               228000                        70000  158000

CLEAR CHANNEL COMMUNICAT  BND CV  184502AB8        501250         500000               500000                       500000

CLOROX CO DEL             COMMON  189054109       1775000          50000                50000                        50000

COGNIZANT TECHNOLOGY SOL  COMMON  192446102       1416188          39000                39000                        39000

COGNOS INC                COMMON  19244C109        677250          36000                36000                        36000

COLE KENNETH PRODTNS INC  COMMON  193294105       1787100          44400                44400                        44400
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   10

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
COLGATE PALMOLIVE CO      COMMON  194162103      16937920         262400               262400                       262000  400

COLUMBIA SPORTSWEAR CO    COMMON  198516106        368150           7400                 7400                         7400

COMCAST CORP              COMMON  200300200       4175000         100000               100000                       100000

COMCAST(PCS)              PFD CV  200300507        289408           7000                 7000                         7000

COMPAQ COMPUTER CORP      COMMON  204493100       2558500         170000               170000                        80000  90000

COMPUCREDIT CORP          COMMON  20478N100        520188          28700                28700                        28700

COMPUTER ASSOC INTL INC   COMMON  204912109       2340000         120000               120000                        75000  45000

COMVERSE TECHNOLOGY INC   COMMON  205862402       7128516          65625                65625                        64325   1300

COMVERSE TECHNOLOGY INC   BND CV  205862AH8       1118750        1000000              1000000                      1000000

CONCORD CAMERA CORP       COMMON  206156101        551100          33400                33400                        33400

CONCORD EFS INC           COMMON  206197105       6678500         152000               152000                       152000

CONEXANT SYSTEMS INC      BND CV  207142AA8        217500         250000               250000                       250000

CONMED CORP               COMMON  207410101        306538          17900                17900                        17900

CONSTELLATION BRANDS INC  COMMON  21036P108       1574500          26800                26800                        26800

CONVERGYS CORP            COMMON  212485106       1105625          24400                24400                        24400

COOPER CAMERON CORP       COMMON  216640102       8000169         121100               121100                       121100

COORS ADOLPH CO           COMMON  217016104       7428906          92500                92500                        92500

COPART INC                COMMON  217204106       2588600         120400               120400                       120400

COR THERAPEUTICS INC      COMMON  217753102        851538          24200                24200                        24200
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   11

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
COR THERAPEUTICS INC      BND CV  217753AC6        606250         500000               500000                       500000

CORINTHIAN COLLEGES INC   COMMON  218868107       1494738          39400                39400                        39400

CORNING INC               COMMON  219350105      28460656         538900               538900                       538500  400

CORNING INC               BND CV  219350AJ4        708750        1000000              1000000                      1000000

CORSAIR COMMUNICATIONS I  COMMON  220406102        299250          42000                42000                        42000

CORVAS INTL INC           COMMON  221005101        603750          42000                42000                        42000

COST PLUS INC CALIF       COMMON  221485105       2261875          77000                77000                        77000

COSTCO WHSL CORP NEW      COMMON  22160K105      18167569         454900               454900                       454700  200

COSTCO COMPANIES INC      BND CV  22160QAA0        955000        1000000              1000000                      1000000

COUNTRYWIDE CR INDS INC   COMMON  222372104       5226000         104000               104000                       104000

COVAD COMMUNICATIONS GRO  BND CV  222814AN5        205000        1000000              1000000                      1000000

COVENTRY HEALTH CARE INC  COMMON  222862104       1627938          61000                61000                        61000

CREE INC                  COMMON  225447101       1662863          46800                46800                        46800

CROWN CASTLE              PFD CV  228227401        458750          10000                10000                        10000

CYPRESS SEMICONDUCTOR CO  COMMON  232806109        458719          23300                23300                        23300

CYTYC CORP                COMMON  232946103       2189688          35000                35000                        35000

DPL INC                   COMMON  233293109        730125          22000                22000                        22000

DST SYS INC DEL           COMMON  233326107       5025000          75000                75000                        75000

DALLAS SEMICONDUCTOR COR  COMMON  235204104        671375          26200                26200                        26200
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   12

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
DANAHER CORP DEL          COMMON  235851102       5675125          83000                83000                        83000

DARDEN RESTAURANTS INC    COMMON  237194105       1777388          77700                77700                        77700

DELL COMPUTER CORP        COMMON  247025109      28177256        1615900              1615900                      1464500  151400

DELPHI AUTOMOTIVE SYS CO  COMMON  247126105        112500          10000                10000                        10000

DENDRITE INTL INC         COMMON  248239105       1191469          53250                53250                        53250

DENTSPLY INTL INC NEW     COMMON  249030107       1721500          44000                44000                        44000

DIAGNOSTIC PRODS CORP     COMMON  252450101        928625          17000                17000                        17000

DIAL CORP NEW             COMMON  25247D101        495000          45000                45000                        45000

DIAMOND OFFSHORE DRILLIN  BND CV  25271CAA0       1097500        1000000              1000000                      1000000

DIGITAL LIGHTWAVE INC     COMMON  253855100        224981           7100                 7100                         7100

DIME BANCORP INC NEW      COMMON  25429Q102       5554794         187900               187900                       187000     900

DIRECT FOCUS INC          COMMON  254931108        771938          23000                23000                        23000

DOCUMENTUM INC            COMMON  256159104       2623500          52800                52800                        52800

DOLLAR GEN CORP           COMMON  256669102       2875474         152343               152343                               152343

DOLLAR TREE STORES INC    COMMON  256747106       5820588         237575               237575                       235925    1650

DOMINION RESOURCES        PFD CV  25746U208        312500           5000                 5000                         5000

DORAL FINL CORP           COMMON  25811P100        725625          30000                30000                        30000

DOVER CORP                COMMON  260003108       2855600          70400                70400                        70400

DUANE READE INC           COMMON  263578106        519563          17000                17000                        17000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   13

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
DUKE ENERGY CORP          COMMON  264399106       5967500          70000                70000                        70000

DUPONT PHOTOMASKS INC     COMMON  26613X101       1215406          23000                23000                        23000

DUPONT PHOTOMASKS         BND CV  26613XAC5        456250         500000               500000                       500000

DYCOM INDS INC            COMMON  267475101       5219023         145225               145225                       145225

DYNEGY INC NEW            COMMON  26816Q101       6503250         116000               116000                       116000

EGL INC                   COMMON  268484102       1025722          42850                42850                        42850

E M C CORP MASS           COMMON  268648102     153141121        2302874              2302874                      1597100  705774

EASTMAN KODAK CO          COMMON  277461109       1417500          36000                36000                        36000

ECHOSTAR COMMUNICATIONS   COMMON  278762109       6319950         277800               277800                       277800

ECHOSTAR COMMUNICATIONS   BND CV  278762AB5        750000        1000000              1000000                      1000000

ECLIPSYS CORP             COMMON  278856109       1041250          42500                42500                        42500

EDUCATION MGMT CORP       COMMON  28139T101       4050475         113300               113300                       113300

EFFICIENT NETWORKS INC    BND CV  282056AB6        755625        1500000              1500000                      1500000

EL PASO ENERGY CORP DEL   COMMON  283905107      14704613         205300               205300                       204900     400

ELAN PLC                  COMMON  284131208       8176318         174661               174661                       174661

ELANTEC SEMICONDUCTOR IN  COMMON  284155108       1395825          50300                50300                        50300

ELCOR CORP                COMMON  284443108        480938          28500                28500                        28500

ELECTROGLAS INC           COMMON  285324109        153125          10000                10000                        10000

ELECTRONIC ARTS INC       COMMON  285512109       6734750         158000               158000                       158000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   14

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
ELOYALTY CORP             COMMON  290151109        247106          38200                38200                        38200

EMMIS COMMUNICATIONS COR  COMMON  291525103        229500           8000                 8000                         8000

EMULEX CORP               COMMON  292475209       3996875          50000                50000                        50000

ENRON CORP                COMMON  293561106      26766250         322000               322000                       322000

ETHAN ALLEN INTERIORS IN  COMMON  297602104       7493950         223700               223700                       163700  60000

EXAR CORP                 COMMON  300645108       1945819          62800                62800                        62800

EXELON CORP               COMMON  30161N101       8390095         119500               119500                       119500

EXODUS COMMUNICATIONS IN  COMMON  302088109        580000          29000                29000                        29000

EXPEDITORS INTL WASH INC  COMMON  302130109        794575          14800                14800                        14800

EXPRESS SCRIPTS           PFD CV  302181201        481875           5000                 5000                         5000

EXPRESS SCRIPTS INC       COMMON  302182100       7566500          74000                74000                        74000

F Y I INC                 COMMON  302712104        328188           8900                 8900                         8900

FACTORY 2-U INC           COMMON  303072102        586313          17700                17700                        17700

FACTSET RESH SYS INC      COMMON  303075105       2187130          59000                59000                        59000

FAMILY DLR STORES INC     COMMON  307000109       1901506          88700                88700                        86000   2700

FEDERAL HOME LN MTG CORP  COMMON  313400301      44172981         641350               641350                       565150  76200

FEDERAL MOGUL CORP        COMMON  313549107         57813          25000                25000                               25000

FEDERAL NATL MTG ASSN     COMMON  313586109      38187350         440200               440200                       389200  51000

FIDELITY NATL FINL INC    COMMON  316326107       2216250          60000                60000                        60000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   15

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
FIFTH THIRD BANCORP       COMMON  316773100      64235851        1075077              1075077                       996777   78300

FINANCIAL FED CORP        COMMON  317492106        835625          35000                35000                        35000

FINISAR                   COMMON  31787A101        696000          24000                24000                        24000

FINOVA GROUP INC          COMMON  317928109        105200         105200               105200                        46200   59000

FIRST HEALTH GROUP CORP   COMMON  320960107       1490000          32000                32000                        32000

FIRST UN CORP             COMMON  337358105       1279375          46000                46000                        46000

FIRSTAR CORP NEW WIS      COMMON  33763V109      15093900         649200               649200                       516200  133000

FISERV INC                COMMON  337738108      22097573         465825               465825                       465825

FIRSTFED FINL CORP        COMMON  337907109        235881           7300                 7300                         7300

FLOWSERVE CORP            COMMON  34354P105        662625          31000                31000                        31000

FOOTSTAR INC              COMMON  344912100        910800          18400                18400                        18400

FOREST LABS INC           COMMON  345838106      17459775         131400               131400                       131400

FOREST OIL CORP           COMMON  346091705       1532156          41550                41550                        41550

FRONTIER AIRLINES INC NE  COMMON  359065109        377438          12200                12200                        12200

FURNITURE BRANDS INTL IN  COMMON  360921100        724550          34400                34400                        32400    2000

GBC BANCORP CALIF         COMMON  361475106        525738          13700                13700                        13700

GST TELECOMMUNICATIONS I  COMMON  361942105           106          17657                17657                        17657

GALLAGHER ARTHUR J & CO   COMMON  363576109       1845125          29000                29000                        29000

GAP INC DEL               COMMON  364760108       5737500         225000               225000                        90000  135000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   16

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
GEMSTAR-TV GUIDE INTL IN  COMMON  36866W106       9928775         215258               215258                       215258

GENERAL DYNAMICS CORP     COMMON  369550108      17667000         226500               226500                       226500

GENERAL ELEC CO           COMMON  369604103      85472563        1783000              1783000                      1781600   1400

GENERAL MTRS CORP         COMMON  370442832        828000          36000                36000                        36000

GENERAL SEMICONDUCTOR IN  BND CV  370787AA1        333125         500000               500000                       500000

GENESCO INC               COMMON  371532102        904188          37000                37000                        37000

GENZYME CORP              COMMON  372917104      11644658         129475               129475                       129475

GERBER SCIENTIFIC INC     COMMON  373730100        156694          18300                18300                        18300

GETTY IMAGES INC          COMMON  374276103        736000          23000                23000                        23000

GETTY IMAGES INC          BND CV  374276AD5        379375         500000               500000                       500000

GILAT SATELLITE NETWORKS  BND CV  375255AC0        945000        1500000              1500000                      1500000

GILLETTE CO               COMMON  375766102       1589500          44000                44000                               44000

GLOBAL CROSSING LTD       PFD CV  37932J202        251875           5000                 5000                         5000

GOLDEN ST BANCORP INC     COMMON  381197102       2515000          80000                80000                        80000

GOLDEN WEST FINL CORP DE  COMMON  381317106       3780000          56000                56000                        56000

GREAT ATLANTIC & PAC TEA  COMMON  390064103        121800          17400                17400                        17400

GREATER BAY BANCORP       COMMON  391648102        369000           9000                 9000                         9000

GREENPOINT FINL CORP      COMMON  395384100       1662063          40600                40600                        40000    600

GUCCI GROUP N V ADR       COMMON  401566104        354000           4000                 4000                         4000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   17

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
GUIDANT CORP              COMMON  401698105      28708234         532250               532250                       417850  114400

HCA-HEALTHCARE CO         COMMON  404119109      35274015         801500               801500                       801500

HCC INS HLDGS INC         COMMON  404132102        851225          31600                31600                        31600

HADCO CORP                COMMON  404681108        538800           4800                 4800                         4800

HAIN CELESTIAL GROUP INC  COMMON  405217100       1332500          41000                41000                        41000

HALL KINION ASSOCIATES I  COMMON  406069104        593688          29500                29500                        29500

HALLIBURTON CO            COMMON  406216101       3625000         100000               100000                               100000

HANDLEMAN CO DEL          COMMON  410252100        739500          98600                98600                        98600

HANDSPRING INC            COMMON  410293104        408844          10500                10500                        10500

HANOVER COMPRESSOR CO     COMMON  410768105       3012425          67600                67600                        67600

HARLEY DAVIDSON INC       COMMON  412822108      54298500        1366000              1366000                      1366000

HARMAN INTL INDS INC      COMMON  413086109       2511200          68800                68800                        68800

HARTFORD FINL SVCS GROUP  COMMON  416515104        706250          10000                10000                        10000

HAVERTY FURNITURE INC     COMMON  419596101        462150          46800                46800                        46800

HEALTHSOUTH CORP          COMMON  421924101       1875938         115000               115000                       115000

HEALTH MGMT ASSOC INC NE  COMMON  421933102       9783625         471500               471500                       305000  166500

HEALTH MANGEMENT          BND CV  421933AA0        363125         500000               500000                       500000

HEALTHCARE RLTY TR        BND CV  421946AA2       1885000        2000000              2000000                      2000000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   18

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
HENRY JACK & ASSOC INC    COMMON  426281101       9032975         145400               145400                       145400

HILLENBRAND INDS INC      COMMON  431573104       5278750         102500               102500                       102500

HILTON HOTELS CORP        BND CV  432848AL3        846250        1000000              1000000                      1000000

HOME DEPOT INC            COMMON  437076102      10992413         240600               240600                       105000  135600

HON INDS INC              COMMON  438092108        918000          36000                36000                                36000

HONEYWELL INTL INC        COMMON  438516106       1750563          37000                37000                        37000

HOOPER HOLMES INC         COMMON  439104100       1736420         157000               157000                       157000

HOT TOPIC INC             COMMON  441339108        591750          36000                36000                        36000

HUMAN GENOME SCIENCES IN  COMMON  444903108       4089438          59000                59000                        59000

HUMAN GENOME SCIENCES IN  BND CV  444903AG3        420000         500000               500000                       500000

IMS HEALTH INC            COMMON  449934108       4509000         167000               167000                       167000

ITC DELTACOM INC          BND CV  45031TAJ3        218125         500000               500000                       500000

IMCLONE SYS INC           BND CV  45245WAA7        246250         250000               250000                       250000

IMMUNEX CORP NEW          COMMON  452528102      15331875         377400               377400                       377400

IMPATH INC                COMMON  45255G101        432250           6500                 6500                         6500

INDYMAC BANCORP INC       COMMON  456607100       1932250          65500                65500                        65500

INFOCUS CORP              COMMON  45665B106        590000          40000                40000                        40000

INFORMATICA CORP          COMMON  45666Q102        791250          20000                20000                        20000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   19

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
INGERSOLL-RAND CO         COMMON  456866102       3015000          72000                72000                        72000

INNODATA CORP             COMMON  457642205        121000          11000                11000                        11000

INSITUFORM TECHNOLOGIES   COMMON  457667103       2233000          56000                56000                        56000

INTEGRATED DEVICE TECHNO  COMMON  458118106       1987500          60000                60000                        60000

INTEL CORP                COMMON  458140100      52827719        1757262              1757262                      1318662  438600

INTERMEDIA COMMUNICATION  PFD CV  458801826        525000          60000                60000                        60000

INTERNATIONAL BUSINESS M  COMMON  459200101      20026000         235600               235600                       235300     300

INTERNATIONAL GAME TECHN  COMMON  459902102       6883200         143400               143400                       143400

INTERNATIONAL PAPER CAP   PFD CV  460137300        890000          20000                20000                        20000

INTERNATIONAL RECTIFIER   COMMON  460254105       3585000         119500               119500                       119500

INTERNATIONAL RECTIFIER   BND CV  460254AD7        665000        1000000              1000000                      1000000

INTERTAN INC              COMMON  461120107        662625          57000                57000                        57000

INTIMATE BRANDS INC       COMMON  461156101       9808200         653880               653880                       652780    1100

INTUIT                    COMMON  461202103       3233875          82000                82000                        82000

INVACARE CORP             COMMON  461203101       1507000          44000                44000                        44000

INVERNESS MED TECHNOLOGY  COMMON  461268104        311500           8000                 8000                         8000

INVESTMENT TECHNOLOGY GR  COMMON  46145F105        951691          22795                22795                        22795

INVITROGEN CORP           BND CV  46185RAA8        606875         500000               500000                       500000

INVESTORS FINL SERVICES   COMMON  461915100       2580000          30000                30000                        30000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   20

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
IONA TECHNOLOGIES PLC     COMMON  46206P109       1943000          29000                29000                        29000

I2 TECHNOLOGIES INC       BND CV  465754AD1        817500         500000               500000                       500000

IVAX CORP                 COMMON  465823102       6742715         176050               176050                       176050

IVAX CORP                 BND CV  465823AB8        625625         500000               500000                       500000

JDS UNIPHASE CORP         COMMON  46612J101      26367344         632500               632500                       632100    400

JNI CORP                  COMMON  46622G105        517275          22800                22800                        22800

JACOBS ENGR GROUP INC DE  COMMON  469814107       1782838          38600                38600                        38600

JACOR COMMUNUNICATIONS I  BND CV  469858AB0        987500        2000000              2000000                      2000000

JOHNSON & JOHNSON         COMMON  478160104      43769038         416600               416600                       416200    400

JUNIPER NETWORKS INC      COMMON  48203R104       1235413           9800                 9800                         9800

JUNIPER NETWORKS INC      BND CV  48203RAA2       1016250        1000000              1000000                      1000000

KLA-TENCOR CORP           COMMON  482480100       3473181         103100               103100                       102900    200

KAUFMAN & BROAD HOME COR  COMMON  486168107       4925113         146200               146200                       146200

KEEBLER FOODS CO          COMMON  487256109        683719          16500                16500                        16500

KEMET CORP                COMMON  488360108        242000          16000                16000                        16000

KERR MCGEE CORP           BND CV  492386AP2        625000         500000               500000                       500000

KIMBERLY CLARK CORP       COMMON  494368103        636210           9000                 9000                         9000

KING PHARMACEUTICALS INC  COMMON  495582108      11657444         225537               225537                       223513   2024

KOHLS CORP                COMMON  500255104      65660400        1076400              1076400                      1076400
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   21

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
KROGER CO                 COMMON  501044101       7423244         274300               274300                       272000   2300

KRONOS INC                COMMON  501052104        464063          15000                15000                        15000

KULICKE & SOFFA INDS INC  BND CV  501242AC5        363750         500000               500000                       500000

LSI LOGIC CORP            BND CV  502161AE2        710000        1000000              1000000                      1000000

LTX CORP                  COMMON  502392103        595844          46000                46000                        46000

L-3 COMMUNICATIONS HLDGS  COMMON  502424104       6814500          88500                88500                        88500

L-3 COMMUNICATIONS HLDGS  BND CV  502424AA2       1106250        1000000              1000000                      1000000

LABORATORY CORP AMER HLD  COMMON  50540R409       8712000          49500                49500                        49500

LANDSTAR SYS INC          COMMON  515098101        720688          13000                13000                        13000

LATTICE SEMICONDUCTOR CO  COMMON  518415104       1385475          75400                75400                        74800    600

LATTICE SEMICONDUCTOR     BND CV  518415AA2        536875         500000               500000                       500000

LEARNING TREE INTL INC    COMMON  522015106       1930500          39000                39000                        39000

LEHMAN BROS HLDGS INC     COMMON  524908100      15973025         236200               236200                       235600    600

LENNAR CORP               COMMON  526057104       1486250          41000                41000                        41000

LEVEL 3 COMMUNICATIONS I  BND CV  52729NAG5        351875         500000               500000                       500000

LIFEPOINT HOSPITALS INC   COMMON  53219L109       7418500         148000               148000                       148000

LILLY ELI & CO            COMMON  532457108      17216563         185000               185000                       185000

LINCARE HLDGS INC         COMMON  532791100       9187063         161000               161000                        81000  80000

LINEAR TECHNOLOGY CORP    COMMON  535678106       6290000         136000               136000                       136000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   22

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
LINENS N THINGS INC       COMMON  535679104       2665813          96500                96500                        96500

LITTELFUSE INC            COMMON  537008104        715625          25000                25000                        25000

LOEWS CORP                BND CV  540424AL2        881250        1000000              1000000                      1000000

LONE STAR TECHNOLOGIES I  COMMON  542312103       1270500          33000                33000                        32800    200

LOWES COS INC             COMMON  548661107      14079800         316400               316400                       316400

LUCENT TECHNOLOGIES INC   COMMON  549463107       1080000          80000                80000                        80000

M & T BK CORP             COMMON  55261F104       1564000          23000                23000                        22000   1000

MDU RES GROUP INC         COMMON  552690109        893750          27500                27500                        27500

MGIC INVT CORP WIS        COMMON  552848103       7080938         105000               105000                        75000  30000

MGM MIRAGE                COMMON  552953101        563750          20000                20000                        20000

MRV COMMUNICATIONS INC    COMMON  553477100        492200          36800                36800                        36800

M-WAVE INC                COMMON  554034108        400000          50000                50000                        50000

MACDERMID INC             COMMON  554273102        326800          17200                17200                        17200

MACROVISION CORP          COMMON  555904101       1924406          26000                26000                        26000

MACROMEDIA INC            COMMON  556100105       5285250          87000                87000                        87000

MANHATTAN ASSOCS INC      COMMON  562750109       4629075         108600               108600                       108600

MANITOWOC INC             COMMON  563571108        900450          31050                31050                        30700    350

MAPINFO CORP              COMMON  565105103       1923075          40700                40700                        40700

MASTEC INC                COMMON  576323109        585000          29250                29250                        29250
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   23

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
MAXIM INTEGRATED PRODS I  COMMON  57772K101       9180000         192000               192000                       192000

MAYTAG CORP               COMMON  578592107        840125          26000                26000                                26000

MCCORMICK & CO INC        COMMON  579780206        858288          23800                23800                        23800

MCGRAW HILL COS INC       COMMON  580645109       1758750          30000                30000                        30000

MCKESSON HBOC INC         COMMON  58155Q103       2961284          82510                82510                                82510

MEASUREMENT SPECIALTIES   COMMON  583421102        276900          14200                14200                        14200

MEDIA ONE                 PFD CV  58440J500        712500          20000                20000                        20000

MEDICIS PHARMACEUTICAL C  COMMON  584690309       3219356          54450                54450                        54450

MEDIMMUNE INC             COMMON  584699102       9394438         197000               197000                       196400     600

MEDTRONIC INC             COMMON  585055106      63401886        1050134              1050134                       933034  117100

MELLON FINL CORP          COMMON  58551A108      13492131         274300               274300                       218300   56000

MERCANTILE BANKSHARES CO  COMMON  587405101        906938          21000                21000                        21000

MERCK & CO INC            COMMON  589331107      58216025         621800               621800                       592800   29000

MERCURY INTERACTIVE CORP  COMMON  589405109      27255500         302000               302000                       300800    1200

MERCURY INTERACTIVE CORP  BND CV  589405AA7        523750         500000               500000                       500000

MERIX CORP                COMMON  590049102        167188          12500                12500                        12500

MERRILL LYNCH & CO INC    COMMON  590188108       8523438         125000               125000                       125000

METLIFE                   PFD CV  59156R207       1095000          10000                10000                        10000

METRIS COS INC            COMMON  591598107       2191305          83280                83280                        83280
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   24

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
METROMEDIA FIBER NETWORK  COMMON  591689104        627750          62000                62000                        62000

METTLER TOLEDO INTERNATI  COMMON  592688105       3034125          55800                55800                        55800

MICHAELS STORES INC       COMMON  594087108        848000          32000                32000                        32000

MICREL INC                COMMON  594793101       3388963         100600               100600                       100600

MICROSOFT CORP            COMMON  594918104      38001705         876120               876120                       681120  195000

MICROCHIP TECHNOLOGY INC  COMMON  595017104        932892          42525                42525                        42525

MICROMUSE INC             COMMON  595094103       2776531          46000                46000                        46000

MID ATLANTIC MED SVCS IN  COMMON  59523C107       1535469          77500                77500                        77500

MILLENNIUM PHARMACEUTICA  COMMON  599902103      24248813         391900               391900                       391900

MILLENNIUM PHARMACEUTICA  BND CV  599902AA1        996750         600000               600000                       600000

MILLIPORE CORP            COMMON  601073109       4252500          67500                67500                        67500

MINNESOTA MNG & MFG CO    COMMON  604059105      10604000          88000                88000                        88000

MITCHELL ENERGY & DEV CO  COMMON  606592202       6167875         100700               100700                       100700

MODIS PROFESSIONAL SVCS   COMMON  607830106        466125         113000               113000                         5000  108000

MONY GROUP INC            COMMON  615337102       1893456          38300                38300                        38300

MORGAN STANLEY DEAN WITT  COMMON  617446448       1030250          13000                13000                        13000

MUELLER INDS INC          COMMON  624756102        313706          11700                11700                        11700

MYRIAD GENETICS INC       COMMON  62855J104       2532150          30600                30600                        30600

NCO GROUP INC             COMMON  628858102       1123875          37000                37000                        37000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   25

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
NPS PHARMACEUTICALS INC   COMMON  62936P103        259200           5400                 5400                         5400

NRG ENERGY INC            COMMON  629377102       1390625          50000                50000                        50000

NVR INC                   COMMON  62944T105        927000           7500                 7500                         7500

NANOMETRICS INC           COMMON  630077105        476531          34500                34500                        34500

NATIONAL DISC BROKERS GR  COMMON  635646102       1651975          33800                33800                        33800

NATIONAL-OILWELL INC      COMMON  637071101       1895688          49000                49000                        49000

NATIONWIDE FINL SVCS INC  COMMON  638612101       3092250          65100                65100                        65100

NETWORKS ASSOCS INC       COMMON  640938106        253344          60500                60500                         5000  55500

NETEGRITY INC             COMMON  64110P107        723188          13300                13300                        13300

NETIQ CORP                COMMON  64115P102       1048500          12000                12000                        12000

NETWORK APPLIANCE INC     COMMON  64120L104      24134500         376000               376000                       376000

NEW YORK CMNTY BANCORP I  COMMON  649445103        435488          11850                11850                        11850

NEW YORK TIMES CO         COMMON  650111107       2684188          67000                67000                        67000

NEWELL FINL TR I          PFD CV  651195307        640000          20000                20000                        20000

NEWPORT CORP              COMMON  651824104       5801372          73800                73800                        73800

NEWPORT NEWS SHIPBLDG     COMMON  652228107       2163200          41600                41600                        41600

NEXTEL COMMUNICATIONS IN  BND CV  65332VAW3        722500        1000000              1000000                      1000000

NICOR INC                 COMMON  654086107        863750          20000                20000                        20000

NOKIA CORP                COMMON  654902204       8656500         199000               199000                       199000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   26

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
NOBLE DRILLING CORP       COMMON  655042109       7684094         176900               176900                       176900

NORTEL NETWORKS CORP NEW  COMMON  656568102      13164863         410600               410600                       410000      600

NORTHERN TR CORP          COMMON  665859104       9298125         114000               114000                       114000

NORTHROP GRUMMAN CORP     COMMON  666807102      25638700         308900               308900                       308700      200

NU HORIZONS ELECTRS CORP  COMMON  669908105        348563          39000                39000                        39000

NOVEN PHARMACEUTICALS IN  COMMON  670009109       1136200          30400                30400                        30400

NUEVO FING I              PFD CV  670511203        265000          10000                10000                        10000

OSI PHARMACEUTICALS INC   COMMON  671040103       1786788          22300                22300                        22300

OAK TECHNOLOGY INC        COMMON  671802106       1993781         229500               229500                       229500

OAKLEY INC                COMMON  673662102        506250          37500                37500                        37500

OLD KENT FINL CORP        COMMON  679833103       1093750          25000                25000                        25000

OLD REP INTL CORP         COMMON  680223104       2528000          79000                79000                        79000

OMNICARE INC              BND CV  681904AD0        801250        1000000              1000000                      1000000

OMNICOM GROUP INC         COMMON  681919106      94427818        1139400              1139400                       935700   203700

ONEOK INC NEW             COMMON  682680103        842188          17500                17500                        17500

ONI SYSTEMS CORP          BND CV  68273FAA1        162188         250000               250000                       250000

ORACLE CORP               COMMON  68389X105      33889781        1166100              1166100                      1164400     1700

O REILLY AUTOMOTIVE INC   COMMON  686091109        727600          27200                27200                        27200

ORTHODONTIC CTRS AMER IN  COMMON  68750P103       2806250          89800                89800                        89800
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   27

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
OSHKOSH TRUCK CORP        COMMON  688239201        792000          18000                18000                        18000

OWENS ILL INC             COMMON  690768403        369688          65000                65000                        65000

OXFORD HEALTH PLANS INC   COMMON  691471106      10546500         267000               267000                       267000

PMC-SIERRA INC            COMMON  69344F106      30420013         386900               386900                       386700     200

PMI GROUP INC             COMMON  69344M101       4975031          73500                73500                        73500

PNC FINL SVCS GROUP INC   COMMON  693475105       6283375          86000                86000                        86000

PPL CORP                  COMMON  69351T106       6958875         154000               154000                       154000

PACIFIC SUNWEAR CALIF IN  COMMON  694873100        589375          23000                23000                        21850    1150

PACTIV CORP               COMMON  695257105        136125          11000                11000                        11000

PALM INC                  COMMON  696642107        821063          29000                29000                        29000

PARK ELECTROCHEMICAL COR  COMMON  700416209        266981           8700                 8700                         8700

PARKERVISION INC          COMMON  701354102        366250          10000                10000                        10000

PATTERSON DENTAL CO       COMMON  703412106       2100250          62000                62000                        62000

PATTERSON ENERGY INC      COMMON  703414102       1303750          35000                35000                        35000

PAYCHEX INC               COMMON  704326107      34338975         706200               706200                       613950   92250

PAYLESS SHOESOURCE INC    COMMON  704379106       1245200          17600                17600                        17600

PEOPLESOFT INC            COMMON  712713106       8925000         240000               240000                       149000   91000

PEPSI BOTTLING GROUP INC  COMMON  713409100       2229500          56000                56000                        56000

PEPSICO INC               COMMON  713448108      31452363         634600               634600                       634600
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   28

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
PERFORMANCE FOOD GROUP C  COMMON  713755106       3270747          63800                63800                        63800

PERICOM SEMICONDUCTOR CO  COMMON  713831105        777000          42000                42000                        42000

PERKINELMER INC           COMMON  714046109      10038000          95600                95600                        95600

PERKIN ELMER              BND CV  714046AA7       1408908        2002000              2002000                      2002000

PETCO ANIMAL SUPPLIES     COMMON  716016100        943313          43000                43000                        43000

PFIZER INC                COMMON  717081103      77353600        1681600              1681600                      1334400  347200

PHARMACEUTICAL PROD DEV   COMMON  717124101       2052094          41300                41300                        41300

PHILIP MORRIS COS INC     COMMON  718154107       2200000          50000                50000                        50000

PIER 1 IMPORTS INC        COMMON  720279108        917813          89000                89000                        89000

PINNACLE SYS INC          COMMON  723481107        517725          70200                70200                        70200

PLANAR SYS INC            COMMON  726900103        728838          29300                29300                        29300

PLANTRONICS INC NEW       COMMON  727493108        423000           9000                 9000                         9000

PLEXUS CORP               COMMON  729132100       1951078          64200                64200                        64200

POLYCOM INC               COMMON  73172K104       7197125         223600               223600                       223600

POLYMEDICA CORP           COMMON  731738100       3671250         110000               110000                       110000

POWER-ONE INC             COMMON  739308104       5645275         143600               143600                       143600

POWERWAVE TECHNOLOGIES I  COMMON  739363109        702000          12000                12000                        12000

PRECISION CASTPARTS CORP  COMMON  740189105       5804625         138000               138000                       138000

PRICE COMMUNICATIONS COR  COMMON  741437305       1042375          62000                62000                        62000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   29

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
PROFESSIONAL DETAILING I  COMMON  74312N107       4579652          43300                43300                        43300

PROFIT RECOVERY GROUP IN  COMMON  743168106        147900          23200                23200                        23200

PROGRESS SOFTWARE CORP    COMMON  743312100        285863          19800                19800                        19800

PROGRESSIVE CORP OHIO     COMMON  743315103       2176125          21000                21000                                21000

PROVINCE HEALTHCARE CO    COMMON  743977100        807188          20500                20500                        20500

PSINET INC                PFD CV  74437C309         23750          10000                10000                        10000

PSINET INC                PFD CV  74437C408         15000          15000                15000                        15000

QLOGIC CORP               COMMON  747277101      13398000         174000               174000                       174000

QUAKER OATS CO            COMMON  747402105       6232000          64000                64000                        64000

QUALCOMM INC              COMMON  747525103      50085063         609400               609400                       608400    1000

QUANTA SVCS INC           COMMON   '74762E102      572938          17800                17800                        17800

QUANTUM CORP              BND CV  747906AC9        780000        1000000              1000000                      1000000

QUEST DIAGNOSTICS INC     COMMON  74834L100       3663600          25800                25800                        25800

QUIKSILVER INC            COMMON  74838C106       1089844          56250                56250                        56250

QUINTILES TRANSNATIONAL   COMMON  748767100       1214375          58000                58000                                58000

RF MICRODEVICES INC       COMMON  749941100       5158250         188000               188000                       188000

RF MICRODEVICES INC       BND CV  749941AA8        850000        1000000              1000000                      1000000

RADIAN GROUP INC          COMMON  750236101       1726438          23000                23000                                23000

RADIOSHACK CORP           COMMON  750438103      26261188         613400               613400                       613400
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   30

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
RAINBOW TECHNOLOGIES INC  COMMON  750862104        455400          28800                28800                        28800

RATIONAL SOFTWARE CORP    COMMON  75409P202       4314275         110800               110800                       110800

RATIONAL SOFTWARE CORP    BND CV  75409PAA1        640625         500000               500000                       500000

READERS DIGEST ASSN INC   COMMON  755267101       2633113          67300                67300                        67300

REDBACK NETWORKS INC      BND CV  757209AA9        278125         500000               500000                       500000

REEBOK INTL LTD           COMMON  758110100       1941140          71000                71000                        71000

REGIS CORP MINN           COMMON  758932107        382075          26350                26350                        26350

REINSURANCE GROUP AMER I  COMMON  759351109        809400          22800                22800                        22800

RELIANT ENERGY INC        COMMON  75952J108       5717250         132000               132000                       132000

RENAL CARE GROUP INC      COMMON  759930100       1340930          48900                48900                        48900

RESEARCH IN MOTION LTD    COMMON  760975102        960000          12000                12000                        12000

RESMED INC                COMMON  761152107       2727450          68400                68400                        64800  3600

RESPIRONICS INC           COMMON  761230101       1824000          64000                64000                        64000

ROBERT HALF INTL INC      COMMON  770323103       7049000         266000               266000                       266000

ROSLYN BANCORP INC        COMMON  778162107        819375          30000                30000                        30000

RUBY TUESDAY INC          COMMON  781182100       1756800         115200               115200                       115200

RURAL CELLULAR CORP       COMMON  781904107        779138          26300                26300                        26300

SCI SYS INC               COMMON  783890106        936750          30000                30000                        30000

SCI SYS INC               BND CV  783890AF3        791250        1000000              1000000                      1000000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   31

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
SDL INC                   COMMON  784076101       8239225          55600                55600                        55600

SOUTHERN ENERGY           PFD CV  78411Y104        620000          10000                10000                        10000

SPS TECHNOLOGIES INC      COMMON  784626103        416575           7600                 7600                         7600

SPX CORP                  COMMON  784635104       1482169          13700                13700                        13700

SAFECO CORP               COMMON  786429100       2301250          70000                70000                        70000

SAFEWAY INC               COMMON  786514208      51850000         829600               829600                       669900  159700

ST PAUL COS INC           COMMON  792860108       7766688         143000               143000                       143000

SALTON INC                COMMON  795757103       1334344          64500                64500                        64500

SANMINA CORP              BND CV  800907AC1        825000        2200000              2200000                      2200000

SAWTEK INC                COMMON  805468105       5279231         114300               114300                       114300

SCANSOURCE INC            COMMON  806037107        819000          21000                21000                        21000

SCHEIN HENRY INC          COMMON  806407102       2222925          64200                64200                        64200

SCHERING PLOUGH CORP      COMMON  806605101      61085700        1076400              1076400                       858400  218000

SCHLUMBERGER LTD          COMMON  806857108       5355813          67000                67000                                67000

SCHOLASTIC CORP           COMMON  807066105       2259938          25500                25500                        25500

SCHWAB CHARLES CORP NEW   COMMON  808513105      40433666        1424975              1424975                      1424975

SCIENTIFIC ATLANTA INC    COMMON  808655104      19159775         588400               588400                       588400

SCIOS INC                 COMMON  808905103       1971844          85500                85500                        85500

SCOTTS CO                 COMMON  810186106        391538          10600                10600                        10600
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   32

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
SEALED AIR CORP NEW PFD   PFD CV  81211K209        967500          30000                30000                        30000

SEMTECH CORP              COMMON  816850101       8207250         372000               372000                       372000

SEMTECH CORP              BND CV  816850AB7        373125         500000               500000                       500000

SHAW GROUP INC            COMMON  820280105       7700000         154000               154000                       154000

SHIRE PHARMACEUTICALS GR  COMMON  82481R106       2021913          43895                43895                        43895

SICOR INC                 COMMON  825846108        398475          27600                27600                        27600

SIEBEL SYS INC            COMMON  826170102      40527663         599300               599300                       598900     400

SIEBEL SYS INC            BND CV  826170AA0       1503125         500000               500000                       500000

SIGMA ALDRICH CORP        COMMON  826552101       1179375          30000                30000                        30000

SILICON STORAGE TECHNOLO  COMMON  827057100       1960875         166000               166000                       166000

SILICON VY BANCSHARES     COMMON  827064106       1596788          46200                46200                        46200

SMARTFORCE PUB LTD CO     COMMON  83170A206        950331          25300                25300                        25300

SOLECTRON CORP            BND CV  834182AJ6     118250000      200000000            200000000                    200000000

SOLECTRON                 BND CV  834182AK3        505125         900000               900000                       900000

SONIC CORP                COMMON  835451105        979125          42000                42000                        42000

SONICBLUE INC             COMMON  83546Q109         82500          20000                20000                        20000

SOUTHDOWN INC             COMMON  841297104       1384625          19000                19000                                19000

SOUTHERN CO               COMMON  842587107      10307500         310000               310000                       310000

SOUTHWEST AIRLS CO        COMMON  844741108      13546120         404000               404000                       404000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   33

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
SOUTHWEST SECS GROUP INC  COMMON  845224104        915639          35387                35387                        35387

SOVEREIGN BANCORP INC     COMMON  845905108        101563          12500                12500                        12500

SPARTECH CORP             COMMON  847220209        610706          29700                29700                        29700

SPEEDFAM-IPEC INC         COMMON  847705100         60625          10000                10000                        10000

STANDARD PAC CORP NEW     COMMON  85375C101       2407625         103000               103000                       101500    1500

STAPLES INC               COMMON  855030102       3632344         307500               307500                       150000  157500

STATE STR CORP            COMMON  857477103      43634973         351300               351300                       350600     700

STERICYCLE INC            COMMON  858912108        472750          12400                12400                        12400

STMICROELECTRONICS N V    COMMON  861012102        642188          15000                15000                        15000

STORAGE TECHNOLOGY CORP   COMMON  862111200        675000          75000                75000                        75000

STRYKER CORP              COMMON  863667101       5807732         114800               114800                       114000     800

SUN MICROSYSTEMS INC      COMMON  866810104      29050210        1042160              1042160                       791360  250800

SUNGARD DATA SYS INC      COMMON  867363103       6597500         140000               140000                       140000

SUNGLASS HUT INTL INC     COMMON  86736F106        138375          27000                27000                        27000

SUNRISE ASSISTED LIVING   COMMON  86768K106        512500          20500                20500                        20500

SUPERIOR INDS INTL INC    COMMON  868168105        694375          22000                22000                        22000

SWIFT ENERGY CO           COMMON  870738101       1290538          34300                34300                        34300

SYBASE INC                COMMON  871130100       1773219          89500                89500                        89500

SYBRON INTL CORP          COMMON  87114F106        747656          27500                27500                        27500
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   34

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
SYMBOL TECHNOLOGIES INC   COMMON  871508107      15469164         429699               429699                       429699

SYNCOR INTL CORP DEL      COMMON  87157J106       1505925          41400                41400                        41400

SYNOVUS FINL CORP         COMMON  87161C105       5023844         186500               186500                        80000  106500

SYSCO CORP                COMMON  871829107       9300000         310000               310000                       310000

TCF FINL CORP             COMMON  872275102       6840344         153500               153500                       153500

TECO ENERGY INC           COMMON  872375100       6831125         211000               211000                       211000

TJX COS INC NEW           COMMON  872540109       3441000         124000               124000                               124000

TMP WORLDWIDE INC         COMMON  872941109       2475000          45000                45000                        45000

TALBOTS INC               COMMON  874161102       2299500          50400                50400                        50400

TARGET CORP               COMMON  87612E106      11352000         352000               352000                       228000  124000

TECHNE CORP               COMMON  878377100       3231200          89600                89600                        89600

TECHNITROL INC            COMMON  878555101       1151500          28000                28000                        28000

TECHNOLOGY SOLUTIONS CO   COMMON  87872T108         73100          34400                34400                        34400

TEKELEC                   COMMON  879101103       2820000          94000                94000                        94000

TEKTRONIX INC             COMMON  879131100       2075150          61600                61600                        61600

TELEDYNE TECHNOLOGIES IN  COMMON  879360105        706388          29900                29900                        29900

TELEFLEX INC              COMMON  879369106        910263          20600                20600                        20600

TELEFONOS DE MEXICO S A   BND CV  879403AD5       1093750        1000000              1000000                      1000000

TELEPHONE & DATA SYS INC  COMMON  879433100       9306000         103400               103400                       103400
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   35

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
TELLABS INC               COMMON  879664100      68856550        1218700                       1218700              987100  231600

TENET HEALTHCARE CORP     COMMON  88033G100       9420750         212000                        212000              212000

TERAYON COMMUNICATION SY  BND CV  880775AA9        316875        1500000                       1500000             1500000

TEREX CORP NEW            COMMON  880779103        252525          15600                         15600               15600

TEVA PHARMACEUTICAL INDS  COMMON  881624209       2490500          34000                         34000               34000

TETRA TECH INC NEW        COMMON  88162G103       1941188          60900                         60900               60900

TEVA PHARMACEUTICAL FIN   BND CV  88163VAA7       1095000        1000000                       1000000             1000000

TEXAS INDS INC            COMMON  882491103        441000          14700                         14700               14700

TEXTRON INC               COMMON  883203101       1925100          41400                         41400               41400

THERMA-WAVE INC           COMMON  88343A108        299600          21400                         21400               21400

THERMO ELECTRON CORP      COMMON  883556102       7140000         240000                        240000              240000

3COM CORP                 COMMON  885535104        382500          45000                         45000               45000

THREE FIVE SYS INC        COMMON  88554L108        557982          30999                         30999               30999

TIFFANY & CO NEW          COMMON  886547108      38506600        1217600                       1217600             1217100     500

TIMBERLAND CO             COMMON  887100105       4132875          61800                         61800               61800

TIMBERLINE SOFTWARE CORP  COMMON  887134104        178278          50043                         50043               50043

TIME WARNER INC           COMMON  887315109      28632744         548100                        548100              548100

TITAN CAP TR              PFD CV  888262201        587500          20000                         20000               20000

TITAN CORP                COMMON  888266103       2057250         126600                        126600              126600
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   36

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
TITAN PHARMACEUTICALS IN  COMMON  888314101       3349539          94700                94700                        94700

TOLLGRADE COMMUNICATIONS  COMMON  889542106        784750          21500                21500                        21500

TOWER AUTOMOTIVE INC      BND CV  891707AE1        687500        1000000              1000000                      1000000

TRANSOCEAN SEDCO FOREX I  BND CV  893830AA7        524250         900000               900000                       900000

TRANSWITCH CORP           COMMON  894065101      11737500         300000               300000                       300000

TRANSWITCH CORP           BND CV  894065AA9        441875         500000               500000                       500000

TRIAD HOSPITALS INC       COMMON  89579K109       2162150          66400                66400                        66400

TRIAD GTY INC             COMMON  895925105        861250          26000                26000                        26000

TRIBUNE CO NEW            COMMON  896047107       1140750          27000                27000                        27000

TRIGON HEALTHCARE INC     COMMON  89618L100       7065375          90800                90800                        90800

TRIQUINT SEMICONDUCTOR I  COMMON  89674K103       6387113         146200               146200                       146200

TYCO INTL LTD NEW         COMMON  902124106      68955531        1242442              1242442                      1079242  163200

U S FOODSERVICE           COMMON  90331R101       2593750         100000               100000                       100000

UNION PACIFIC             PFD CV  907824205        674250          14500                14500                        14500

UNITED PARCEL SERVICE IN  COMMON  911312106       1175000          20000                20000                        20000

UNITED PARCEL SERVICE IN  BND CV  911312AB2       1045000        1000000              1000000                      1000000

UNITED RENTALS INC        COMMON  911363109        201563          15000                15000                        15000

UNITED STATIONERS INC     COMMON  913004107        995000          40000                40000                                40000

UNITED TECHNOLOGIES CORP  COMMON  913017109      24200775         307800               307800                       307000     800
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   37

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
UNITEDHEALTH GROUP INC    COMMON  91324P102       7119500         116000               116000                       116000

UNIVERSAL ELECTRS INC     COMMON  913483103        787313          51000                51000                        51000

UNIVERSAL HLTH SVCS INC   COMMON  913903100       8671800          77600                77600                        77600

UNIVISION COMMUNICATIONS  COMMON  914906102       5117188         125000               125000                       125000

USFREIGHTWAYS CORP        COMMON  916906100        565469          18800                18800                        18800

USWEB CORP                COMMON  917327108        302250           7800                 7800                         7800

UTILICORP UTD INC         COMMON  918005109       5425000         175000               175000                       175000

VARIAN INC                COMMON  922206107       1253375          37000                37000                        37000

VARIAN MED SYS INC        COMMON  92220P105       9022100         132800               132800                       132800

VERITAS SOFTWARE CO       COMMON  923436109       2668750          30500                30500                        30500

VERITAS SOFTWARE CORP /   BND CV  92343RAA1        622500         250000               250000                       250000

VERTEX PHARMACEUTICALS I  COMMON  92532F100       3646500          51000                51000                        51000

VIACOM INC                COMMON  925524100      10673700         227100               227100                       226700  400

VIACOM INC                COMMON  925524308       9505491         203326               203326                       203326

VIASYSTEMS GROUP INC      COMMON  92553H100        415625          50000                50000                        50000

VINTAGE PETE INC          COMMON  927460105       1958650          91100                91100                        90200  900

VISHAY INTERTECHNOLOGY I  COMMON  928298108       1671313         110500               110500                       110500

VITESSE SEMICONDUCTOR CO  COMMON  928497106      12207469         220700               220700                       220700

VITESSE SEMICONDUCTOR CO  BND CV  928497AA4        797500        1000000              1000000                      1000000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   38

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
VODAFONE GROUP PLC NEW    COMMON  92857W100      13161094         367500               367500                       125000  242500

WMS INDS INC              COMMON  929297109       1579813          78500                78500                        78500

WAL MART STORES INC       COMMON  931142103      75044375        1412600              1412600                      1202600  210000

WALGREEN CO               COMMON  931422109       1693406          40500                40500                        40500

WASHINGTON FED INC        COMMON  938824109        938438          33000                33000                        33000

WASHINGTON MUT INC        COMMON  939322103      12655406         238500               238500                       150000   88500

WASTE MGMT INC DEL        COMMON  94106L109       7492500         270000               270000                       270000

WATERS CORP               COMMON  941848103      26185600         313600               313600                       313600

WATSON PHARMACEUTICALS I  COMMON  942683103       6111788         119400               119400                        50000   69400

WELLPOINT HEALTH NETWORK  COMMON  94973H108       8563075          74300                74300                        74300

WELLS FARGO & CO NEW      COMMON  949746101      10438232         187443               187443                       156000   31443

WESLEY JESSEN VISIONCARE  COMMON  951018100        970888          25300                25300                        25300

WESTAMERICA BANCORPORATI  COMMON  957090103        881500          20500                20500                        20500

WESTELL TECHNOLOGIES INC  COMMON  957541105         42875          14000                14000                        14000

INTERNATIONAL RECT        BND CV  960254AD2        166563         250000               250000                       250000

WESTPOINT STEVENS INC     COMMON  961238102        726530          97000                97000                                97000

WILD OATS MARKETS INC     COMMON  96808B107        172338          40550                40550                        40550

WILLIAMS COS INC DEL      COMMON  969457100        519188          13000                13000                        13000

WILLIAMS SONOMA INC       COMMON  969904101        900000          45000                45000                        45000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                               FORM 13F                                                   12/31/2000
                                                               REPORTING MANAGER;   VALUE LINE, INC.                      PAGE   39

- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
ITEM 1                    ITEM 2  ITEM 3       ITEM 4          ITEM 5               ITEM 6              ITEM 7     ITEM 8

NAME OF ISSUER            TITLE   CUSIP        FAIR            SHARES OR      INVESTMENT DISCRETION     MANA-      VOTING AUTHORITY
                          OF      NUMBER       MARKET          PRINCIPAL                       SHARED   GERS
                          CLASS                VALUE           AMOUNT      SOLE     SHARED     OTHER    SOLE       SHARED   NONE
                                                                           (A)      (B)        (C)      (A)        (B)      (C)
- ------------------------  ------  ---------    ----------      ---------   -------  ---------  -------  ---------  -------  --------
<S>                       <C>     <C>          <C>             <C>         <C>      <C>        <C>      <C>        <C>      <C>
WORLDCOM INC GA NEW       COMMON  98157D106       4326328         307650               307650                       116550  191100

YAHOO INC                 COMMON  984332106       6914375         230000               230000                       230000

YOUNG & RUBICAM INC       BND CV  987425AC9        977500        1000000              1000000                      1000000

ZALE CORP NEW             COMMON  988858106       1307813          45000                45000                        45000

ZIONS BANCORPORATION      COMMON  989701107      36532181         585100               585100                       459100  126000

ACE LTD                   COMMON  G0070K103      10609375         250000               250000                       250000

AMDOCS LTD                COMMON  G02602103        795000          12000                12000                        12000

APW LTD                   COMMON  G04397108        857250          25400                25400                        25400

EVEREST RE GROUP LTD      COMMON  G3223R108       9311250         130000               130000                       130000

PARTNERRE LTD             COMMON  G6852T105       8338700         136700               136700                       136700

RENAISSANCE RE HLDGS LTD  COMMON  G7496G103       5058988          64600                64600                        64600

TRANSOCEAN SEDCO FOREX I  COMMON  G90078109       7498000         163000               163000                        75000   88000

WHITE MTNS INS GROUP LTD  COMMON  G9618E107        223300            700                  700                          700

XL CAP LTD                COMMON  G98255105       8824875         101000               101000                       101000

CHECK POINT SOFTWARE TEC  COMMON  M22465104       8107244          60700                60700                        60700

PRECISE SOFTWARE SOLUTIO  COMMON  M41450103        272250          11000                11000                        11000

ORBOTECH LTD              COMMON  M75253100       2140805          57375                57375                        57375

TARO PHARMACEUTICAL INDS  COMMON  M8737E108        223650           7200                 7200                         7200

FLEXTRONICS INTL LTD      COMMON  Y2573F102      23649927         829822               829822                       827622    2200

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

REPORT TOTALS                                  5075487890      377343237            377343237                    366925916  10417321
                                               ==========      =========   =======  =========  =======  =======  =========  ========
</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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