<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>a2056273z13f-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:  June 30, 2001
                                               -----------------------

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         August 9, 2001
-------------------------------    -----------------   ---------------
[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:                                 740
                                                           --------------------

Form 13F Information Table Value Total:                     $ 4,435,204,532
                                                           --------------------
                                                                    (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>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                    PAGE 1

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 ABM INDS INC              COMMON  000957100     525225      14100                 14100                             14100

 ACT MFG INC               BND CV  000973AA5     256875     500000                500000                            500000

 AFLAC INC                 COMMON  001055102    6379874     202600                202600                            202000       600

 AGL RES INC               COMMON  001204106     807500      34000                 34000                             34000



 AES CORP                  COMMON  00130H105   63352380    1471600               1471600                           1197700    273900

 AES CORP                  BND CV  00130HAN5    1623750    1000000               1000000                           1000000

 AMC ENTMT INC             COMMON  001669100     130000      10000                 10000                             10000

 AOL TIME WARNER INC       COMMON  00184A105  101036575    1906350               1906350                           1545650    360700

 ASM LITHOGRAPHY HOLDING   BND CV  00207EAB6     475000     500000                500000                            500000

 ABERCROMBIE & FITCH CO    COMMON  002896207   28176708     632900                632900                            632900

 ACCEPTANCE INS COS INC    COMMON  004308102      78750      15000                 15000                             15000

 ACCREDO HEALTH INC        COMMON  00437V104     892560      24000                 24000                             24000

 ACTIVISION INC NEW        COMMON  004930202    2327525      59300                 59300                             59300

 ACTUATE CORP              COMMON  00508B102    1413400     148000                148000                            148000

 ADAC LABS                 COMMON  005313200     312375      17000                 17000                             17000

 ADELPHIA COMMUNICATIONS   BND CV  006848BG9     962500    1000000               1000000                           1000000



 ADOBE SYS INC             COMMON  00724F101   33445200     711600                711600                            711200       400

 ADVANCED DIGITAL INFORMA  COMMON  007525108    1903000     110000                110000                            110000

 AEROFLEX INC              COMMON  007768104     619500      59000                 59000                             59000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          244718697    8415450               8415450                           7779850    635600
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                    PAGE 2

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 ADVANCED MICRO DEVICES I  COMMON  007903107     635800      22000                 22000                             22000

 ADVANCEPCS                COMMON  00790K109    7314510     114200                114200                            114200

 ADVANCED ENERGY INDS      COMMON  007973100    1745721      42300                 42300                             42300

 ADVENT SOFTWARE INC       COMMON  007974108    1854200      29200                 29200                             29200

 AFFILIATED COMPUTER SERV  COMMON  008190100    7550550     105000                105000                            105000

 AFFILIATED COMPUTER SERV  BND CV  008190AC4     869375     500000                500000                            500000

 AFFYMETRIX INC            BND CV  00826TAA6     179688     250000                250000                            250000

 AFFYMETRIX INC            BND CV  00826TAB4     718750    1000000               1000000                           1000000

 AIR PRODS & CHEMS INC     COMMON  009158106    1418250      31000                 31000                             31000

 AIRBORNE INC              COMMON  009269101     405650      35000                 35000                                       35000

 AKAMAI TECHNOLOGIES INC   BND CV  00971TAA9     248750     500000                500000                            500000



 ALBERTSONS INC            COMMON  013104104    1349550      45000                 45000                             45000

 ALCOA INC                 COMMON  013817101   20850480     529200                529200                            529200

 ALLEGHENY ENERGY INC      COMMON  017361106    4887725     101300                101300                            101300

 ALLERGAN INC              COMMON  018490102   19242870     229000                229000                            229000


 ALLIANCE GAMING CORP      COMMON  01859P609     392700      10000                 10000                             10000

 ALLIANT TECHSYSTEMS INC   COMMON  018804104    2656545      29550                 29550                             29550

 ALLIED WASTE INDS INC     COMMON  019589308    9011232     482400                482400                            423400     59000

 ALLSTATE CORP             COMMON  020002101    5454760     124000                124000                             50000     74000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                           86787106    4179150               4179150                           4011150    168000
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                    PAGE 3

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 ALPHARMA INC              COMMON  020813101     299750      11000                 11000                             11000

 ALZA CORP                 BND CV  02261WAA7    2137500    3000000               3000000                           3000000

 AOL                       BND CV  02364JAC8    1075000    2000000               2000000                           2000000

 AMERICAN EAGLE OUTFITTER  COMMON  02553E106    9511276     269900                269900                            269400       500

 AMERICAN EXPRESS CO       COMMON  025816109    3569600      92000                 92000                             92000



 AMERICAN FREIGHTWAYS COR  COMMON  02629V108    1070044      37300                 37300                             37300

 AMERICAN GREETINGS CORP   BND CV  026375AH8     242500     250000                250000                            250000

 AMERICAN HEALTHWAYS INC   COMMON  02649V104     211860       5500                  5500                              5500

 AMERICAN INTL GROUP INC   COMMON  026874107   92830410    1091994               1091994                            808947    283047

 AMERICAN STD COS INC DEL  COMMON  029712106    5649400      94000                 94000                             94000

 AMERICREDIT CORP          COMMON  03060R101    8857475     170500                170500                            170500

 AMERIPATH INC             COMMON  03071D109     870210      29700                 29700                             29700

 AMERISOURCE HEALTH CORP   COMMON  03071P102    4289625      77500                 77500                             77500

 AMERISOURCE HEALTH CORP   BND CV  03071PAB8     636250     500000                500000                            500000

 AMGEN INC                 COMMON  031162100   28798728     474600                474600                            474600

 ANADARKO PETE CORP        COMMON  032511107   17779518     329800                329800                            329400       400

 ANADARKO                  BND CV  032511AP2     691250    1000000               1000000                           1000000



 ANCHOR GAMING             COMMON  033037102    1809360      28000                 28000                             28000

 ANDRX GROUP               COMMON  034553107    3465000      45000                 45000                             45000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          183794756    9506794               9506794                           9222847    283947
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                    PAGE 4

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 ANIXTER INTL INC          COMMON  035290105     598650      19500                 19500                             19500

 ANNTAYLOR STORES CORP     COMMON  036115103   19056340     532300                532300                            532300

 ANNTAYLOR STORES CORP     BND CV  036115AA1     585000    1000000               1000000                           1000000

 APACHE CORP               COMMON  037411105   19300225     380300                380300                            379300      1000

 APOLLO GROUP INC          COMMON  037604105    6030023     142050                142050                            142050

 APTARGROUP INC            COMMON  038336103     227010       7000                  7000                              7000

 ARCH COAL INC             COMMON  039380100     310440      12000                 12000                             12000

 ARGOSY GAMING CO          COMMON  040228108    2054240      74000                 74000                             74000

 ARROW ELECTRONICS         BND CV  042735AY6     459250    1100000               1100000                           1100000

 ASTORIA FINL CORP         COMMON  046265104     902000      16400                 16400                             16400

 ATLANTIC COAST AIRLINES   COMMON  048396105    3238920     108000                108000                            108000

 ATMEL CORP                COMMON  049513104    3291560     244000                244000                            244000



 AVENTIS                   COMMON  053561106    1757580      22000                 22000                             22000

 AVIALL INC NEW            COMMON  05366B102     109700      10000                 10000                             10000

 AVIRON                    COMMON  053762100    4503000      79000                 79000                             79000

 AVOCENT CORP              COMMON  053893103     547957      24086                 24086                             24086

 AXCELIS TECHNOLOGIES INC  COMMON  054540109    1243200      84000                 84000                             84000

 BB&T CORP                 COMMON  054937107   17568290     478700                478700                            478700

 BCE INC                   COMMON  05534B109    1052000      40000                 40000                             40000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                           82835384    4373336               4373336                           4372336      1000
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                    PAGE 5

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 BISYS GROUP INC           COMMON  055472104    7805700     132300                132300                            132300

 BISYS GROUP INC           BND CV  055472AA2     273750     250000                250000                            250000

 BJ SVCS CO                COMMON  055482103   16048600     553400                553400                            552600       800

 BJS WHOLESALE CLUB INC    COMMON  05548J106    5459150     102500                102500                            102500

 BMC INDS INC MINN         COMMON  055607105      78000      13000                 13000                             13000

 BMC SOFTWARE INC          COMMON  055921100    6874700     305000                305000                            100000    205000



 BANCWEST CORP NEW         COMMON  059790105    2029600      59000                 59000                             59000

 BANK OF AMERICA CORP      COMMON  060505104    2377548      39606                 39606                                       39606

 BANK NEW YORK INC         COMMON  064057102    5376000     112000                112000                            112000

 BANKBOSTON CORP           COMMON  06605R106    2429000      56000                 56000                                       56000

 BANKNORTH GROUP INC NEW   COMMON  06646R107    3352200     148000                148000                            148000

 BE AEROSPACE INC          COMMON  073302101    1333500      70000                 70000                             70000

 BEA SYS INC               COMMON  073325102   21681260     706000                706000                            705200       800

 BEA SYS INC               BND CV  073325AC6     581875     500000                500000                            500000

 BECKMAN COULTER INC       COMMON  075811109    3100800      76000                 76000                             76000

 BED BATH & BEYOND INC     COMMON  075896100   56921280    1824400               1824400                           1600300    224100

 BELL ATLANTIC (EURO)      BND CV  07785GAC4    1965000    2000000               2000000                           2000000

 BERKLEY W R CORP          COMMON  084423102    1387570      33500                 33500                             33500



 BEVERLY ENTERPRISES INC   COMMON  087851309    1840400     172000                172000                            172000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          140915933    7152706               7152706                           6626400    526306
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                    PAGE 6

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 BIOGEN INC                COMMON  090597105   13448664     247400                247400                            246800       600



 BIOMET INC                COMMON  090613100   32440500     675000                675000                            674300       700

 BIOPURE CORP              COMMON  09065H105     553770      21000                 21000                             21000

 BIOVAIL CORP              COMMON  09067J109    8874000     204000                204000                            204000

 BIOSITE DIAGNOSTICS INC   COMMON  090945106    1030400      23000                 23000                             23000

 BLACK BOX CORP DEL        COMMON  091826107    1212480      18000                 18000                             18000

 BLACK HILLS CORP          COMMON  092113109     402300      10000                 10000                             10000

 BLOCK H & R INC           COMMON  093671105    7810550     121000                121000                            121000

 BOEING CO                 COMMON  097023105   36412440     654900                654900                            654900

 BORDERS GROUP INC         COMMON  099709107    1753920      78300                 78300                             78300

 BORLAND SOFTWARE CORP     COMMON  099849101    1638000     105000                105000                            105000

 BRINKER INTL INC          COMMON  109641100    7689083     297450                297450                            297450

 BRISTOL MYERS SQUIBB CO   COMMON  110122108    3389040      64800                 64800                             64800



 BROADVISION INC           COMMON  111412102     237250      47450                 47450                             47450

 BROADWING INC             PFD CV  111620407     475000      10000                 10000                             10000

 BROWN TOM INC             COMMON  115660201     847200      35300                 35300                             35300

 BUCA INC                  COMMON  117769109     739500      34000                 34000                             34000

 BURR BROWN CORP           BND CV  122574AD8     281563     250000                250000                            250000

 CEC ENTMT INC             COMMON  125137109     493500      10000                 10000                             10000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          119726160    2906600               2906600                           2905300      1300
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                    PAGE 7

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 CNF INC                   COMMON  12612W104    1271250      45000                 45000                             45000

 CSG SYS INTL INC          COMMON  126349109    4018608      70800                 70800                             70800

 CSX CORP                  COMMON  126408103    5508480     152000                152000                            152000

 CVS CORP                  COMMON  126650100   24381150     631636                631636                            630036      1600

 CABLEVISION SYS CORP      COMMON  12686C109    4680000      80000                 80000                                       80000

 CABLETRON SYS INC         COMMON  126920107    5164100     226000                226000                            226000

 CADENCE DESIGN SYSTEM IN  COMMON  127387108     596160      32000                 32000                             32000



 CALPINE CORP              COMMON  131347106   19644660     519700                519700                            517800      1900

 CALPINE CAP TR III        PFD CV  13134R201    1384375      25000                 25000                             25000

 CANADIAN PAC LTD NEW      COMMON  135923100    6103125     157500                157500                            157500

 CAPITAL ONE FINL CORP     COMMON  14040H105   24733680     411200                411200                            329200     82000

 CARDINAL HEALTH INC       COMMON  14149Y108   36007995     521855                521855                            431855     90000

 CAREER EDUCATION CORP     COMMON  141665109    2575700      43000                 43000                             43000

 CAREMARK RX INC           COMMON  141705103    1283100      78000                 78000                             78000

 CARNIVAL CORP             COMMON  143658102    2701600      88000                 88000                                       88000

 CATHAY BANCORP INC        COMMON  149150104     475803       8700                  8700                              8700

 CELESTICA INC             COMMON  15101Q108    1648000      32000                 32000                             32000

 CENDANT CORP              COMMON  151313103    5908500     303000                303000                            303000

 CENTEX CORP               COMMON  152312104    5990250     147000                147000                            147000


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

       COLUMN TOTALS                          154076536    3572391               3572391                           3228891    343500
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                    PAGE 8

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 CENTRA SOFTWARE INC       COMMON  15234X103    1121340      66000                 66000                             66000

 CERNER CORP               COMMON  156782104    5418000     129000                129000                            129000



 CHARTER ONE FINL INC      COMMON  160903100    6252400     196000                196000                            196000

 CHARMING SHOPPES INC      BND CV  161133AA1     493125     500000                500000                            500000

 CHARTER COMMUNICATIONS I  COMMON  16117M107     817250      35000                 35000                             35000

 CHEESECAKE FACTORY INC    COMMON  163072101   15027300     531000                531000                            531000

 CHELSEA PPTY GROUP INC    COMMON  163421100     853580      18200                 18200                             18200

 CHICOS FAS INC            COMMON  168615102    5072375     170500                170500                            170500

 CHILDRENS PL RETAIL STOR  COMMON  168905107     670000      25000                 25000                             25000

 CHIPPAC INC               COMMON  169657103     125280      12000                 12000                             12000

 CHOICEPOINT INC           COMMON  170388102     441525      10500                 10500                             10500

 CHRISTOPHER & BANKS CORP  COMMON  171046105    1313780      40300                 40300                             40300

 CHUBB CORP                COMMON  171232101   10995060     142000                142000                            142000

 CIENA CORP                BND CV  171779AA9     189063     250000                250000                            250000



 CIMA LABS INC             COMMON  171796105    2198000      28000                 28000                             28000

 CISCO SYS INC             COMMON  17275R102   18090800     994000                994000                            280000    714000

 CITIGROUP INC             COMMON  172967101  129280035    2446632               2446632                           2088632    358000

 CITRIX SYS INC            COMMON  177376100    2861800      82000                 82000                             82000

 CITY NATL CORP            COMMON  178566105     230308       5200                  5200                              5200
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          201451020    5681332               5681332                           4609332   1072000
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                    PAGE 9

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 CLEAR CHANNEL COMMUNICAT  COMMON  184502102   14295600     228000                228000                             70000    158000

 CLEAR CHANNEL COMMUNICAT  BND CV  184502AB8     544375     500000                500000                            500000

 CLOROX CO DEL             COMMON  189054109    1692500      50000                 50000                             50000

 COACH INC                 COMMON  189754104     220690       5800                  5800                              5800

 COLE KENNETH PRODTNS INC  COMMON  193294105     486623      24150                 24150                             24150

 COLGATE PALMOLIVE CO      COMMON  194162103   24610628     417200                417200                            416800       400

 COLONIAL BANCGROUP INC    COMMON  195493309     273220      19000                 19000                             19000

 COLUMBIA SPORTSWEAR CO    COMMON  198516106     565989      11100                 11100                             11100



 COMCAST(PCS)              PFD CV  200300507     350700       7000                  7000                              7000

 COMMERCE BANCORP INC NJ   COMMON  200519106    9211140     131400                131400                            130900       500

 COMPAQ COMPUTER CORP      COMMON  204493100    2604400     170000                170000                             80000     90000

 COMPUTER ASSOC INTL INC   COMMON  204912109    4320000     120000                120000                             75000     45000

 COMVERSE TECHNOLOGY INC   COMMON  205862402    3043430      53300                 53300                             52000      1300

 COMVERSE TECHNOLOGY INC   BND CV  205862AH8     828750    1000000               1000000                           1000000

 CONCORD EFS INC           COMMON  206197105   14776041     284100                284100                            284100

 CONMED CORP               COMMON  207410101     466295      17900                 17900                             17900

 CONSOL ENERGY INC         COMMON  20854P109     447810      17700                 17700                             17700

 CONSTELLATION BRANDS INC  COMMON  21036P108    2197600      53600                 53600                             53600

 COOPER COS INC            COMMON  216648402    1768160      34400                 34400                             34400
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                           82703951    3144650               3144650                           2849450    295200
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 10

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 COPART INC                COMMON  217204106    3521700     120400                120400                            120400

 COR OTHERAPEUTICS INC      BND CV  217753AC6     516875     500000                500000                            500000

 CORINTHIAN COLLEGES INC   COMMON  218868107    2372328      50400                 50400                             50400



 CORNING INC               BND CV  219350AJ4     558750    1000000               1000000                           1000000

 CORSAIR COMMUNICATIONS I  COMMON  220406102     322875      42000                 42000                             42000

 COST PLUS INC CALIF       COMMON  221485105     982500      32750                 32750                             32750

 COSTCO WHSL CORP NEW      COMMON  22160K105   28131584     684800                684800                            684600       200

 COX COMMUNICATIONS        BND CV  224044BA4     497875     700000                700000                            700000

 CYPRESS SEMICONDUCTOR CO  COMMON  232806109     555705      23300                 23300                             23300

 D & K HEALTHCARE RES INC  COMMON  232861104     294800       8000                  8000                              8000

 CYTYC CORP                COMMON  232946103    4656100     202000                202000                            202000

 DST SYS INC DEL           COMMON  233326107    5375400     102000                102000                            102000

 DAKTRONICS INC            COMMON  234264109     184680      12000                 12000                             12000

 DAL-TILE INTL INC         COMMON  23426R108   10740450     579000                579000                            578000      1000

 DANAHER CORP DEL          COMMON  235851102    4144000      74000                 74000                             74000



 DARDEN RESTAURANTS INC    COMMON  237194105    5515830     197700                197700                            197700

 DAVITA INC                COMMON  23918K108    1443430      71000                 71000                             71000

 DELL COMPUTER CORP        COMMON  247025109    9100200     348000                348000                            200000    148000

 DELPHI AUTOMOTIVE SYS CO  COMMON  247126105     159300      10000                 10000                             10000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                           79074382    4757350               4757350                           4608150    149200
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 11

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 DENDRITE INTL INC         COMMON  248239105     135000      18000                 18000                             18000

 DENTSPLY INTL INC NEW     COMMON  249030107    1951400      44000                 44000                             44000

 DIAGNOSTIC PRODS CORP     COMMON  252450101     996000      30000                 30000                             30000

 DIAL CORP NEW             COMMON  25247D101     641250      45000                 45000                             45000

 DIME BANCORP INC NEW      COMMON  25429Q102    7111025     190900                190900                            190000       900

 DIRECT FOCUS INC          COMMON  254931108    1638750      34500                 34500                             34500

 DOLLAR GEN CORP           COMMON  256669102    2970689     152343                152343                                      152343

 DOMINION RESOURCES        PFD CV  25746U208     287750       5000                  5000                              5000

 DORAL FINL CORP           COMMON  25811P100    1852200      54000                 54000                             54000

 DOUBLECLICK INC           BND CV  258609AA4     364375     500000                500000                            500000



 DOWNEY FINL CORP          COMMON  261018105     330820       7000                  7000                              7000

 DUANE READE INC           COMMON  263578106     552500      17000                 17000                             17000

 DUKE ENERGY CORP          COMMON  264399106    5461400     140000                140000                            140000

 DUPONT PHOTOMASKS INC     COMMON  26613X101    1109750      23000                 23000                             23000

 DUPONT PHOTOMASKS         BND CV  26613XAC5     460000     500000                500000                            500000

 DURAMED PHARMACEUTICALS   COMMON  266354109     339910      19000                 19000                             19000

 DYCOM INDS INC            COMMON  267475101    1587329      69225                 69225                             69225

 DYNEGY INC NEW            COMMON  26816Q101    4186000      92000                 92000                             92000

 EGL INC                   COMMON  268484102     748161      42850                 42850                             42850
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                           32724309    1983818               1983818                           1830575    153243
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 12

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 E M C CORP MASS           COMMON  268648102   33497451    1145212               1145212                            440000    705212

 E TRADE GROUP INC         BND CV  269246AA2     595000    1000000               1000000                           1000000

 E TRADE GROUP INC         BND CV  269246AB0     595000    1000000               1000000                           1000000

 EASTMAN KODAK CO          COMMON  277461109    1680480      36000                 36000                             36000



 ECHOSTAR COMMUNICATIONS   COMMON  278762109    9557416     294800                294800                            294800

 ECHOSTAR COMMUNICATIONS   BND CV  278762AB5     908750    1000000               1000000                           1000000

 EDISON SCHOOLS INC        COMMON  281033100     310624      13600                 13600                             13600

 EDUCATION MGMT CORP       COMMON  28139T101    8646795     215900                215900                            215900

 EFUNDS CORP               COMMON  28224R101    1311300      70500                 70500                             70500

 EL PASO CORP              COMMON  28336L109   15919620     303000                303000                            302600       400

 EL PASO                   BND CV  28336LAA7     825000    2000000               2000000                           2000000

 ELAN PLC                  COMMON  284131208   10593321     173661                173661                            173661

 ELCOR CORP                COMMON  284443108     577125      28500                 28500                             28500

 ELECTROGLAS INC           COMMON  285324109     177000      10000                 10000                             10000

 ELECTRONIC ARTS INC       COMMON  285512109    9148200     158000                158000                            158000

 ELECTRONIC DATA SYS NEW   COMMON  285661104   10625000     170000                170000                            170000



 ELOYALTY CORP             COMMON  290151109      38200      38200                 38200                             38200

 EMBRAER-EMPRESA BRASILEI  COMMON  29081M102     273350       7000                  7000                              7000

 EMCORE CORP               COMMON  290846104     338250      11000                 11000                             11000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          105617882    7675373               7675373                           6969761    705612
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 13

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 EMCOR GROUP INC           COMMON  29084Q100    1482150      41000                 41000                             41000

 ENCOMPASS SVCS CORP       COMMON  29255U104     107400      12000                 12000                             12000

 ENERGEN CORP              COMMON  29265N108     902520      32700                 32700                             32700

 ENGINEERED SUPPORT SYS I  COMMON  292866100    1121814      28625                 28625                             28625

 ENRON CORP                COMMON  293561106   15810200     322000                322000                            322000

 ENTERCOM COMMUNICATIONS   COMMON  293639100    1383138      25800                 25800                             25800

 ENZO BIOCHEM INC          COMMON  294100102    1094800      32200                 32200                             32200

 ETHAN ALLEN INTERIORS IN  COMMON  297602104    7099625     218450                218450                            158450     60000

 EVERGREEN RES INC         COMMON  299900308     589000      15500                 15500                             15500

 EXELON CORP               COMMON  30161N101    5931100      92500                 92500                             92500

 EXODUS COMMUNICATIONS IN  BND CV  302088AP4      65625     300000                300000                            300000



 EXPEDITORS INTL WASH INC  COMMON  302130109     887985      14800                 14800                             14800

 EXPRESS SCRIPTS           BND CV  302181201     513000       5000                  5000                              5000

 EXPRESS SCRIPTS INC       COMMON  302182100    3852100      70000                 70000                             70000

 EXXON MOBIL CORP          COMMON  30231G102    6114500      70000                 70000                             70000

 FEI CO                    COMMON  30241L109     430500      10500                 10500                             10500

 FACTSET RESH SYS INC      COMMON  303075105    2106300      59000                 59000                             59000

 FAIR ISAAC & CO INC       COMMON  303250104    4361401      70550                 70550                             70550

 FAMILY DLR STORES INC     COMMON  307000109    2273381      88700                 88700                             86000      2700
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                           56126539    1509325               1509325                           1446625     62700
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 14

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 FEDERAL HOME LN MTG CORP  COMMON  313400301   48141973     707450                707450                            631250     76200

 FEDERAL MOGUL CORP        COMMON  313549107      42250      25000                 25000                                       25000

 FEDERAL NATL MTG ASSN     COMMON  313586109   48067459     565300                565300                            514100     51200

 FIDELITY NATL FINL INC    COMMON  316326107    1474200      60000                 60000                             60000

 FIFTH THIRD BANCORP       COMMON  316773100   66930289    1114576               1114576                           1036276     78300



 FINANCIAL FED CORP        COMMON  317492106    1013250      35000                 35000                             35000

 FINOVA GROUP INC          COMMON  317928109     389240     105200                105200                             46200     59000

 FIRST DATA CORP           COMMON  319963104    8365500     130000                130000                            130000

 FIRST MIDWEST BANCORP DE  COMMON  320867104     753110      25400                 25400                             25400

 FIRST HEALTH GROUP CORP   COMMON  320960107    4148640     172000                172000                            172000

 FIRST UN CORP             COMMON  337358105    1607240      46000                 46000                             46000

 FISERV INC                COMMON  337738108   29803484     465825                465825                            465825

 FIRSTFED FINL CORP        COMMON  337907109     724140      24300                 24300                             24300

 FISHER SCIENTIFIC INTL I  COMMON  338032204   13055800     450200                450200                            449700       500

 FLEETBOSTON FINL CORP     COMMON  339030108    8047800     204000                204000                            204000

 FLEMING COS INC           COMMON  339130106    5265750     147500                147500                            147500

 FLUOR CORP NEW            COMMON  343412102    1173900      26000                 26000                             26000



 FLOWSERVE CORP            COMMON  34354P105    1706625      55500                 55500                             55500

 FOREST LABS INC           COMMON  345838106   18460000     260000                260000                            260000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          259170649    4619251               4619251                           4329051    290200
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 15

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 FOREST OIL CORP           COMMON  346091705    1163400      41550                 41550                             41550

 FREEPORT-MCMORAN COPPER   COMMON  35671D857     762450      69000                 69000                             69000

 FURNITURE BRANDS INTL IN  COMMON  360921100     963200      34400                 34400                             32400      2000

 GBC BANCORP CALIF         COMMON  361475106     342600      12000                 12000                             12000

 GST TELECOMMUNICATIONS I  COMMON  361942105        212      17657                 17657                             17657

 GALEY & LORD INC          COMMON  36352K103      64000      32000                 32000                             32000

 GAP INC DEL               COMMON  364760108   16738800     577200                577200                            442200    135000

 GEMSTAR-TV GUIDE INTL IN  COMMON  36866W106    9169991     215258                215258                            215258

 GENERAL CABLE CORP DEL N  COMMON  369300108    1354150      73000                 73000                             73000

 GENERAL DYNAMICS CORP     COMMON  369550108   19335785     248500                248500                            248500

 GENERAL ELEC CO           COMMON  369604103  108810000    2232000               2232000                           2231100       900

 GENERAL MTRS CORP         COMMON  370442832     750960      36000                 36000                             36000



 GENERAL SEMICONDUCTOR IN  BND CV  370787AA1     458750     500000                500000                            500000

 GENESCO INC               COMMON  371532102    2184000      65000                 65000                             65000

 GENTA INC                 COMMON  37245M207     147290      11000                 11000                             11000

 GENZYME CORP              COMMON  372917104   28613026     469066                469066                            468666       400

 GERBER SCIENTIFIC INC     COMMON  373730100     200385      18300                 18300                             18300

 GETTY IMAGES INC          BND CV  374276AD5     390000     500000                500000                            500000

 GILAT SATELLITE NETWORKS  BND CV  375255AC0     595000    1000000               1000000                           1000000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          192043999    6151931               6151931                           6013631    138300
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 16

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 GILEAD SCIENCES INC       COMMON  375558103     698280      12000                 12000                             12000

 GILLETTE CO               COMMON  375766102    1275560      44000                 44000                                       44000

 GOLDEN ST BANCORP INC     COMMON  381197102    4928000     160000                160000                            160000

 GOLDEN WEST FINL CORP DE  COMMON  381317106   24391928     379700                379700                            379400       300

 GOLDMAN SACHS GROUP INC   COMMON  38141G104     780780       9100                  9100                              9100

 GOODRICH CORP             COMMON  382388106    1215360      32000                 32000                             32000



 GOODYEAR TIRE & RUBR CO   COMMON  382550101    4844000     173000                173000                            173000

 GRANITE CONSTR INC        COMMON  387328107     500774      19700                 19700                             19700

 GREAT ATLANTIC & PAC TEA  COMMON  390064103     257520      17400                 17400                             17400

 GREENPOINT FINL CORP      COMMON  395384100    2019840      52600                 52600                             52000       600

 GUIDANT CORP              COMMON  401698105    6998400     194400                194400                             80000    114400

 HCA INC                   COMMON  404119109   34141045     755500                755500                            755500

 HCC INS HLDGS INC         COMMON  404132102    1019200      41600                 41600                             41600

 HS RES INC                COMMON  404297103    1114560      17200                 17200                             17200

 HADCO CORP                COMMON  404681108     538800       4800                  4800                              4800

 HAIN CELESTIAL GROUP INC  COMMON  405217100     902000      41000                 41000                             41000

 HALLIBURTON CO            COMMON  406216101    3987200     112000                112000                             12000    100000

 HANDLEMAN CO DEL          COMMON  410252100    1651550      98600                 98600                             98600



 HARLEY DAVIDSON INC       COMMON  412822108   69598364    1478300               1478300                           1477900       400
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          160863161    3642900               3642900                           3383200    259700
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 17

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 HARMAN INTL INDS INC      COMMON  413086109    1066520      28000                 28000                             28000



 HARRAHS ENTMT INC         COMMON  413619107    6519910     184700                184700                            182000      2700

 HARTFORD FINL SVCS GROUP  COMMON  416515104    5198400      76000                 76000                             76000

 HAVERTY FURNITURE INC     COMMON  419596101     699660      46800                 46800                             46800

 HEALTH MGMT ASSOC INC NE  COMMON  421933102   12535632     595800                595800                            429300    166500

 HEALTH MANGEMENT          BND CV  421933AA0     363125     500000                500000                            500000

 HEALTHCARE RLTY TR        BND CV  421946AB0    1300000    1000000               1000000                           1000000

 HELLER FINANCIAL INC      COMMON  423328103     560000      14000                 14000                             14000

 HELMERICH & PAYNE INC     COMMON  423452101     499284      16200                 16200                             16200

 HENRY JACK & ASSOC INC    COMMON  426281101    7824400     252400                252400                            252400

 HIBERNIA CORP             COMMON  428656102    1548600      87000                 87000                             87000

 HILLENBRAND INDS INC      COMMON  431573104    6236412     109200                109200                            109200

 HILTON HOTELS CORP        BND CV  432848AL3     897500    1000000               1000000                           1000000



 HOLLYWOOD ENTMT CORP      COMMON  436141105     109980      13000                 13000                             13000

 HOME DEPOT INC            COMMON  437076102   10566850     227000                227000                             92000    135000

 HOMESTORE COM INC         COMMON  437852106     349600      10000                 10000                             10000

 HON INDS INC              COMMON  438092108     871920      36000                 36000                                       36000

 HONEYWELL INTL INC        COMMON  438516106    1469580      42000                 42000                             42000

 HOOPER HOLMES INC         COMMON  439104100    1295400     127000                127000                            127000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                           59912773    4365100               4365100                           4024900    340200
</Table>

<Page>


                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 18

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>


 HOT TOPIC INC             COMMON  441339108     933000      30000                 30000                             30000

 HOUSEHOLD INTL INC        COMMON  441815107    5336000      80000                 80000                             80000

 HUMAN GENOME SCIENCES IN  BND CV  444903AG3     406875     500000                500000                            500000

 ICOS CORP                 COMMON  449295104     416000       6500                  6500                              6500

 IMS HEALTH INC            COMMON  449934108    5871000     206000                206000                            206000

 ITC DELTACOM INC          BND CV  45031TAJ3     239375     500000                500000                            500000

 ITT EDUCATIONAL SERVICES  COMMON  45068B109     576000      12800                 12800                             12800



 ITT INDS INC IND          COMMON  450911102    6602100     149200                149200                            149200

 IMCLONE SYS INC           BND CV  45245WAA7     285000     250000                250000                            250000

 IMMUNEX CORP NEW          COMMON  452528102    4423300     249200                249200                            249200

 IMPAC MTG HLDGS INC       COMMON  45254P102     100100      14000                 14000                             14000

 IMPLANT SCIENCES CORP     COMMON  45320R108      96200      10400                 10400                             10400

 INDEPENDENCE CMNTY BK CO  COMMON  453414104     858690      43500                 43500                             43500

 INDYMAC BANCORP INC       COMMON  456607100    1755400      65500                 65500                             65500

 INFOCUS CORP              COMMON  45665B106     468970      23000                 23000                             23000

 INGERSOLL-RAND CO         COMMON  456866102    2966400      72000                 72000                             72000

 INSITUFORM TECHNOLOGIES   COMMON  457667103    1825000      50000                 50000                             50000

 INTEGRATED DEVICE TECHNO  COMMON  458118106     728870      23000                 23000                             23000

 INTEGRATED ELECTRICAL SV  COMMON  45811E103     151125      15500                 15500                             15500


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

       COLUMN TOTALS                           34039405    2300600               2300600                           2300600
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 19

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 INTEL CORP                COMMON  458140100   16305793     557462                557462                            121462    436000

 INTERMEDIA COMMUNICATION  PFD CV  458801826    1162500      60000                 60000                             60000



 INTERMUNE INC             BND CV  45884XAA1     271563     250000                250000                            250000

 INTERNATIONAL BUSINESS M  COMMON  459200101   46058800     407600                407600                            407300       300

 INTERNATIONAL GAME TECHN  COMMON  459902102    8904225     141900                141900                            141900

 INTERNATIONAL PAPER CAP   PFD CV  460137300     862500      20000                 20000                             20000

 INTERNATIONAL RECTIFIER   COMMON  460254105    3887400     114000                114000                            114000

 INTERTAN INC              COMMON  461120107     771400      55100                 55100                             55100

 INVACARE CORP             COMMON  461203101    1699720      44000                 44000                             44000

 INVESTMENT TECHNOLOGY GR  COMMON  46145F105    2016378      40095                 40095                             40095

 INVITROGEN CORP           BND CV  46185RAA8     551875     500000                500000                            500000

 INVESTORS FINL SERVICES   COMMON  461915100    6130500      91500                 91500                             91500

 IOMEGA CORP               COMMON  462030107      28680      12000                 12000                             12000

 IONA TECHNOLOGIES PLC     COMMON  46206P109     847000      22000                 22000                             22000



 IRON MTN INC PA           COMMON  462846106    1587336      35400                 35400                             35400

 I2 TECHNOLOGIES INC       BND CV  465754AD1     437500     500000                500000                            500000

 IVAX CORP                 COMMON  465823102    9196668     235812                235812                            235812

 JACK IN THE BOX INC       COMMON  466367109    1080540      41400                 41400                             41400

 JACOBS ENGR GROUP INC DE  COMMON  469814107    2713568      41600                 41600                             41600
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          104513945    3169869               3169869                           2733569    436300
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 20

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 JACOR COMMUNUNICATIONS I  BND CV  469858AB0    1060000    2000000               2000000                           2000000

 JOHNSON & JOHNSON         COMMON  478160104   39815000     796300                796300                            794700      1600

 JOHNSON CTLS INC          COMMON  478366107    5145370      71000                 71000                             71000

 JONES APPAREL             BND CV  480081AB4    1085000    2000000               2000000                           2000000

 JUNIPER NETWORKS INC      BND CV  48203RAA2     712500    1000000               1000000                           1000000

 KCS ENERGY INC            COMMON  482434206      79200      12000                 12000                             12000

 XANSER CORP               COMMON  484170105      95290      13000                 13000                             13000

 KB HOME                   COMMON  48666K109    8667841     287300                287300                            287300



 KERR MCGEE CORP           BND CV  492386AP2     611875     500000                500000                            500000

 KEY ENERGY SVCS INC       COMMON  492914106     357720      33000                 33000                             33000

 KING PHARMACEUTICALS INC  COMMON  495582108    9811418     182538                182538                            180514      2024

 KNIGHT TRADING GROUP INC  COMMON  499063105     112245      10500                 10500                             10500

 KOHLS CORP                COMMON  500255104   69235101    1103700               1103700                           1103300       400

 KRAFT FOODS INC           COMMON  50075N104     263500       8500                  8500                              8500

 KROGER CO                 COMMON  501044101    4057500     162300                162300                            160000      2300

 KRONOS INC                COMMON  501052104     614250      15000                 15000                             15000

 LTX CORP                  COMMON  502392103    1175760      46000                 46000                             46000

 L-3 COMMUNICATIONS HLDGS  COMMON  502424104    7362950      96500                 96500                             96500

 L-3 COMMUNICATIONS HLDGS  BND CV  502424AA2    1168750    1000000               1000000                           1000000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          151431270    9337638               9337638                           9331314      6324
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 21

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 LABORATORY CORP AMER HLD  COMMON  50540R409   14795560     192400                192400                            192400

 LANDS END INC             COMMON  515086106    1786675      44500                 44500                             44500

 LANDSTAR SYS INC          COMMON  515098101     884260      13000                 13000                             13000



 LATTICE SEMICONDUCTOR CO  COMMON  518415104    1839760      75400                 75400                             74800       600

 LATTICE SEMICONDUCTOR     BND CV  518415AA2     683125     500000                500000                            500000

 LEHMAN BROS HLDGS INC     COMMON  524908100   27806400     360000                360000                            359400       600

 LENNAR CORP               COMMON  526057104    2835600      68000                 68000                             68000

 LENNAR                    BND CV  526057AF1     969500    2800000               2800000                           2800000

 LEVEL 3 COMMUNICATIONS I  BND CV  52729NAG5     130000     500000                500000                            500000

 LEXMARK INTL NEW          COMMON  529771107    3766000      56000                 56000                             56000

 LIFEPOINT HOSPITALS INC   COMMON  53219L109    6287760     142000                142000                            142000

 LILLY ELI & CO            COMMON  532457108   11817800     159700                159700                            159700

 LINCARE HLDGS INC         COMMON  532791100   11703900     390000                390000                            230000    160000

 LINEAR TECHNOLOGY CORP    COMMON  535678106    2034120      46000                 46000                             46000

 LINENS N THINGS INC       COMMON  535679104    2636380      96500                 96500                             96500



 LITTELFUSE INC            COMMON  537008104     669750      25000                 25000                             25000

 LOEWS CORP                COMMON  540424108    5927560      92000                 92000                             92000

 LOEWS CORP                BND CV  540424AL2     850000    1000000               1000000                           1000000

 LOMAK PETE INC            BND CV  541509AF2     767500    1000000               1000000                           1000000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                           98191650    7560500               7560500                           7399300    161200
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 22

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 LONE STAR TECHNOLOGIES I  COMMON  542312103    1267000      35000                 35000                             34800       200

 LOWES COS INC             COMMON  548661107   40867415     563300                563300                            563000       300

 LUCENT TECHNOLOGIES INC   COMMON  549463107     496800      80000                 80000                             80000

 M & F WORLDWIDE CORP      COMMON  552541104      42350      11000                 11000                             11000

 M & T BK CORP             COMMON  55261F104    3095500      41000                 41000                             40000      1000

 MDU RES GROUP INC         COMMON  552690109     870100      27500                 27500                             27500

 MGIC INVT CORP WIS        COMMON  552848103   12036448     165700                165700                            135700     30000

 MGM MIRAGE                COMMON  552953101     898800      30000                 30000                             30000

 MSC SOFTWARE CORP         COMMON  553531104     288750      15400                 15400                             15400

 MACDERMID INC             COMMON  554273102     381600      21200                 21200                             21200



 MACROVISION CORP          COMMON  555904101    1301500      19000                 19000                             19000

 MACROMEDIA INC            COMMON  556100105     432000      24000                 24000                             24000

 MAGNA INTL INC            COMMON  559222401    5374226      87400                 87400                             87400

 MANITOWOC INC             COMMON  563571108     905650      30700                 30700                             30700

 MAPINFO CORP              COMMON  565105103     341000      15500                 15500                             15500

 MARRIOTT INTL INC NEW     COMMON  571903202    6343560     134000                134000                            134000

 MASCOTECH INC             BND CV  574670AB1     810000    1000000               1000000                           1000000

 MASSEY ENERGY CORP        COMMON  576206106    1501760      76000                 76000                             76000

 MASTEC INC                COMMON  576323109     386100      29250                 29250                             29250
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                           77640559    2405950               2405950                           2374450     31500
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 23

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 MATTEL INC                COMMON  577081102    8211280     434000                434000                            434000

 MAXIM INTEGRATED PRODS I  COMMON  57772K101    7604120     172000                172000                            172000

 MAY DEPT STORES CO        COMMON  577778103    6612180     193000                193000                            193000

 MAYTAG CORP               COMMON  578592107     760760      26000                 26000                                       26000



 MCDATA CORP               COMMON  580031201     738943      42105                 42105                             16194     25911

 MCKESSON HBOC INC         COMMON  58155Q103    3062771      82510                 82510                                       82510

 MEASUREMENT SPECIALTIES   COMMON  583421102     221100      13200                 13200                             13200

 MEDIA ONE                 PFD CV  58440J500     538000      20000                 20000                             20000

 MEDIACOM COMMUNICATIONS   COMMON  58446K105     574000      41000                 41000                             41000

 MEDICIS PHARMACEUTICAL C  COMMON  584690309    2249850      42450                 42450                             42450

 MEDIMMUNE INC             COMMON  584699102   13249040     280700                280700                            280100       600

 MEDTRONIC INC             COMMON  585055106   47106729    1023836               1023836                            906736    117100

 MELLON FINL CORP          COMMON  58551A108   14979983     334300                334300                            278300     56000

 MENTOR GRAPHICS CORP      COMMON  587200106     231000      13200                 13200                             13200

 MERCK & CO INC            COMMON  589331107   33297110     521000                521000                            492000     29000

 MERCURY COMPUTER SYS      COMMON  589378108    1314180      29800                 29800                             29800



 MERCURY INTERACTIVE CORP  COMMON  589405109   28302750     472500                472500                            470900      1600

 MERCURY INTERACTIVE CORP  BND CV  589405AA7     433125     500000                500000                            500000

 MERRILL LYNCH & CO INC    COMMON  590188108     592500      10000                 10000                             10000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          170079421    4251601               4251601                           3912880    338721
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 24

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 METRIS COS INC            COMMON  591598107    2079233      61680                 61680                             61680

 METRO ONE TELECOMMUNICAT  COMMON  59163F105    2724540      42000                 42000                             42000

 METTLER TOLEDO INTERNATI  COMMON  592688105    2413350      55800                 55800                             55800

 MICHAELS STORES INC       COMMON  594087108     738000      18000                 18000                             18000

 MICREL INC                COMMON  594793101    2376000      72000                 72000                             72000

 MICROSOFT CORP            COMMON  594918104  116201400    1591800               1591800                           1396800    195000

 MICROCHIP TECHNOLOGY INC  COMMON  595017104    1421611      42525                 42525                             42525

 MILLENNIUM PHARMACEUTICA  COMMON  599902103   12239520     344000                344000                            344000

 MILLENNIUM PHARMACEUTICA  BND CV  599902AA1     647250     600000                600000                            600000

 MIRANT CORP               COMMON  604675108    3664288     106520                106520                            106520

 MIRANT TR I               PFD CV  60467Q102     720000      10000                 10000                             10000



 MITCHELL ENERGY & DEV CO  COMMON  606592202   15294120     328200                328200                            327600       600

 MODIS PROFESSIONAL SVCS   COMMON  607830106     745200     108000                108000                                      108000

 MUELLER INDS INC          COMMON  624756102     385047      11700                 11700                             11700

 NBTY INC                  COMMON  628782104     709080      57000                 57000                             57000

 NCO GROUP INC             COMMON  628858102    1144410      37000                 37000                             37000

 NCR CORP NEW              COMMON  62886E108    4606000      98000                 98000                             98000

 NACCO INDS INC            COMMON  629579103     421146       5400                  5400                              5400

 NASH FINCH CO             COMMON  631158102     212400       9000                  9000                              9000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          168742595    3598625               3598625                           3295025    303600
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 25

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 NATIONAL COMMERCE FINL C  COMMON  63545P104    1998340      82000                 82000                             82000

 NATIONAL DISC BROKERS GR  COMMON  635646102    1651975      33800                 33800                             33800

 NATIONAL-OILWELL INC      COMMON  637071101    1313200      49000                 49000                             49000

 NETWORKS ASSOCS INC       COMMON  640938106    1848825     148500                148500                             93000     55500

 NEW YORK CMNTY BANCORP I  COMMON  649445103    2645854      70275                 70275                             70275



 NEW YORK TIMES CO         COMMON  650111107     420000      10000                 10000                             10000

 NEWELL FINL TR I          PFD CV  651195307     740000      20000                 20000                             20000

 NEWPORT NEWS SHIPBLDG     COMMON  652228107    2205000      36000                 36000                             36000

 NIKE INC                  COMMON  654106103    7717762     183800                183800                            183800

 99 CENTS ONLY STORES      COMMON  65440K106    1329750      44399                 44399                             44399

 NOBLE DRILLING CORP       COMMON  655042109    6661350     203400                203400                            203400

 NORTH FORK BANCORPORATIO  COMMON  659424105    5022000     162000                162000                            162000

 NORTHERN TR CORP          COMMON  665859104    7125000     114000                114000                            114000

 NU HORIZONS ELECTRS CORP  COMMON  669908105     427500      45000                 45000                             45000

 NUEVO FING I              PFD CV  670511203     281000      10000                 10000                             10000

 OAK TECHNOLOGY INC        COMMON  671802106     254160      24000                 24000                             24000

 OLD REP INTL CORP         COMMON  680223104    2291000      79000                 79000                             79000



 OMNICOM GROUP INC         COMMON  681919106   97713245    1136200               1136200                            933000    203200

 ONI SYSTEMS CORP          BND CV  68273FAA1     188125     250000                250000                            250000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          141834086    2701374               2701374                           2442674    258700
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 26

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 ORACLE CORP               COMMON  68389X105   13968800     735200                735200                            734400       800

 O REILLY AUTOMOTIVE INC   COMMON  686091109    1670340      58200                 58200                             58200

 ORTHODONTIC CTRS AMER IN  COMMON  68750P103    1015026      33400                 33400                             33400

 OWENS ILL INC             COMMON  690768403     440700      65000                 65000                             65000

 OXFORD HEALTH PLANS INC   COMMON  691471106    6638060     232100                232100                            232100

 PMC-SIERRA INC            COMMON  69344F106     301379       9700                  9700                              9700

 PMI GROUP INC             COMMON  69344M101    3510850      49000                 49000                             49000

 PNC FINL SVCS GROUP INC   COMMON  693475105   10329030     157000                157000                            157000

 PPL CORP                  COMMON  69351T106    8470000     154000                154000                            154000

 PACIFIC CENTY FINL CORP   COMMON  694058108    1134760      44000                 44000                             44000

 PACIFIC SUNWEAR CALIF IN  COMMON  694873100    8047884     358800                358800                            356950      1850

 PATTERSON DENTAL CO       COMMON  703412106    1860000      62000                 62000                             62000



 PATTERSON UTI ENERGY INC  COMMON  703481101     868482      48600                 48600                             48600

 PAYCHEX INC               COMMON  704326107   19190000     479750                479750                            387500     92250

 PAYLESS SHOESOURCE INC    COMMON  704379106    2044520      31600                 31600                             31600

 PEDIATRIX MED GROUP       COMMON  705324101     381800      11500                 11500                             11500

 PENNEY J C INC            COMMON  708160106    6300040     239000                239000                            239000

 PEOPLESOFT INC            COMMON  712713106   18584325     377500                377500                            286100     91400

 PEP BOYS MANNY MOE & JAC  COMMON  713278109     808560      72000                 72000                             72000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          105564556    3218350               3218350                           3032050    186300
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 27

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 PEPSI BOTTLING GROUP INC  COMMON  713409100    1483700      37000                 37000                             37000

 PEPSICO INC               COMMON  713448108   29874780     675900                675900                            675600       300

 PERFORMANCE FOOD GROUP C  COMMON  713755106    3857348     127600                127600                            127600

 PERKINELMER INC           COMMON  714046109    5263736     191200                191200                            191200

 PERKIN ELMER              BND CV  714046AA7    1028528    2002000               2002000                           2002000

 PERRIGO CO                COMMON  714290103    1051470      63000                 63000                             63000



 PETCO ANIMAL SUPPLIES     COMMON  716016100     943313      43000                 43000                             43000

 PFIZER INC                COMMON  717081103   62313795    1555900               1555900                           1208700    347200

 PHARMACEUTICAL PROD DEV   COMMON  717124101    5082966     166600                166600                            166600

 PHILIP MORRIS COS INC     COMMON  718154107   23700250     467000                467000                            467000

 PINNACLE SYS INC          COMMON  723481107     424710      70200                 70200                             70200

 PINNACLE WEST CAP CORP    COMMON  723484101    2322600      49000                 49000                             49000

 PIONEER NAT RES CO        COMMON  723787107     644490      37800                 37800                             37800

 PIXELWORKS INC            COMMON  72581M107     714800      20000                 20000                             20000

 POLYCOM INC               COMMON  73172K104    4308594     186600                186600                            186600

 POLYMEDICA CORP           COMMON  731738100     972000      24000                 24000                             24000

 POPULAR INC               COMMON  733174106     625860      19000                 19000                             19000

 POSSIS MEDICAL INC        COMMON  737407106     132550      11000                 11000                             11000



 PRECISION CASTPARTS CORP  COMMON  740189105    5163960     138000                138000                            138000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          149909449    5884800               5884800                           5537300    347500
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 28

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 PRECISION DRILLING CORP   COMMON  74022D100     543576      17400                 17400                             17400



 PRICE COMMUNICATIONS COR  COMMON  741437305    1251780      62000                 62000                             62000

 PROFESSIONAL DETAILING I  COMMON  74312N107    3818000      41500                 41500                             41500

 PROFIT RECOVERY GROUP IN  COMMON  743168106     265872      23200                 23200                             23200

 PROGRESS SOFTWARE CORP    COMMON  743312100     320760      19800                 19800                             19800

 PROGRESSIVE CORP OHIO     COMMON  743315103    9598490      71000                 71000                             50000     21000

 PROVIDENT BANKSHARES COR  COMMON  743859100     790847      31710                 31710                             31710

 PROVINCE HEALTHCARE CO    COMMON  743977100     635220      18000                 18000                             18000

 PSINET INC                PFD CV  74437C309      24000      10000                 10000                             10000

 PSINET INC                PFD CV  74437C408      11250      15000                 15000                             15000

 PULTE HOMES INC           COMMON  745867101    9647169     226300                226300                            225700       600

 QUAKER OATS CO            COMMON  747402105    4927500      54000                 54000                             54000

 QUALCOMM INC              COMMON  747525103   34503200     590000                590000                            588700      1300



 QUANTUM CORP              BND CV  747906AC9     871250    1000000               1000000                           1000000

 QUEST DIAGNOSTICS INC     COMMON  74834L100    4491000      60000                 60000                             60000

 QUIKSILVER INC            COMMON  74838C106    1431250      57250                 57250                             57250

 QUINTILES TRANSNATIONAL   COMMON  748767100    6297350     249400                249400                            191400     58000

 QWEST COMMUNICATIONS INT  COMMON  749121109    1115450      35000                 35000                             35000

 RF MICRODEVICES INC       COMMON  749941100    5070360     188000                188000                            188000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                           85614324    2769560               2769560                           2688660     80900
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 29

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 RF MICRODEVICES INC       BND CV  749941AA8     888750    1000000               1000000                           1000000

 RADIAN GROUP INC          COMMON  750236101    2507900      62000                 62000                             16000     46000

 RADIOLOGIX INC            COMMON  75040K109      30500      10000                 10000                             10000

 RADIOSHACK CORP           COMMON  750438103    4026000     132000                132000                            132000

 RARE HOSPITALITY INTL IN  COMMON  753820109     700600      31000                 31000                             31000

 RATIONAL SOFTWARE CORP    COMMON  75409P202    3702600     132000                132000                            132000

 RATIONAL SOFTWARE CORP    BND CV  75409PAA1     526875     500000                500000                            500000



 REDBACK NETWORKS INC      BND CV  757209AA9     903750    1500000               1500000                           1500000

 REEBOK INTL LTD           COMMON  758110100    6112000     191000                191000                            191000

 REEBOK INTL LTD           BND CV  758110AD2    1103750    1000000               1000000                           1000000

 REGIS CORP MINN           COMMON  758932107     553087      26350                 26350                             26350

 REGIONS FINL CORP         COMMON  758940100    5696000     178000                178000                            178000

 REINSURANCE GROUP AMER I  COMMON  759351109     758000      20000                 20000                             20000

 RELIANT ENERGY INC        COMMON  75952J108    3639730     113000                113000                            113000

 RENAL CARE GROUP INC      COMMON  759930100    1608321      48900                 48900                             48900

 RENT A CTR INC NEW        COMMON  76009N100     852120      16200                 16200                             16200

 RESMED INC                COMMON  761152107    3457620      68400                 68400                             64800      3600

 RESPIRONICS INC           COMMON  761230101    1904640      64000                 64000                             64000

 RETEK INC                 COMMON  76128Q109    1462170      30500                 30500                             30500


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

       COLUMN TOTALS                           40434413    5123350               5123350                           5073750     49600
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 30

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 RITE AID CORP             COMMON  767754104    4149000     461000                461000                            461000

 ROBERT HALF INTL INC      COMMON  770323103    4231300     170000                170000                            170000



 ROSLYN BANCORP INC        COMMON  778162107     789000      30000                 30000                             30000

 RUBY TUESDAY INC          COMMON  781182100    1969920     115200                115200                            115200

 RURAL CELLULAR CORP       COMMON  781904107    1191390      26300                 26300                             26300

 SCI SYS INC               COMMON  783890106     915750      30000                 30000                             30000

 SCP POOL CORP             COMMON  784028102     792120      23000                 23000                             23000

 SPS TECHNOLOGIES INC      COMMON  784626103     251220       5300                  5300                              5300

 S1 CORPORATION            COMMON  78463B101     515200      36800                 36800                             36800

 SABRE HLDGS CORP          COMMON  785905100    6150000     123000                123000                            123000

 SAFECO CORP               COMMON  786429100     826000      28000                 28000                             28000

 SAFEWAY INC               COMMON  786514208   39657600     826200                826200                            666500    159700

 ST PAUL COS INC           COMMON  792860108    7250100     143000                143000                            143000

 SANMINA CORP              BND CV  800907AC1     783750    2200000               2200000                           2200000



 SAWTEK INC                COMMON  805468105     741195      31500                 31500                             31500

 SCHEIN HENRY INC          COMMON  806407102    2571852      64200                 64200                             64200

 SCHERING PLOUGH CORP      COMMON  806605101   10074720     278000                278000                             60000    218000

 SCHLUMBERGER LTD          COMMON  806857108    3527550      67000                 67000                                       67000

 SCHOLASTIC CORP           COMMON  807066105    2295000      51000                 51000                             51000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                           88682667    4709500               4709500                           4264800    444700
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 31

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 SCHWAB CHARLES CORP NEW   COMMON  808513105    3898125     247500                247500                            247500

 SCIENTIFIC ATLANTA INC    COMMON  808655104   16524200     407000                407000                            406600       400

 SCIOS INC                 COMMON  808905103    2138355      85500                 85500                             85500

 SCOTTS CO                 COMMON  810186106     439370      10600                 10600                             10600

 SCRIPPS E W CO OHIO       COMMON  811054204     414000       6000                  6000                              6000

 SEALED AIR CORP NEW PFD   PFD CV  81211K209    1198500      30000                 30000                             30000

 SEMTECH CORP              COMMON  816850101    6360000     212000                212000                            212000

 SEMTECH CORP              BND CV  816850AB7     483125     500000                500000                            500000



 SEROLOGICALS CORP         COMMON  817523103     490820      23000                 23000                             23000

 SHAW GROUP INC            COMMON  820280105    5950840     148400                148400                            148400

 SHIRE PHARMACEUTICALS GR  COMMON  82481R106    2436173      43895                 43895                             43895

 SHUFFLE MASTER INC        COMMON  825549108     775950      36950                 36950                             36950

 SICOR INC                 COMMON  825846108    2046660      88600                 88600                             88600

 SIEBEL SYS INC            COMMON  826170102   35099960     748400                748400                            747600       800

 SIEBEL SYS INC            BND CV  826170AA0    1070625     500000                500000                            500000

 SIGMA ALDRICH CORP        COMMON  826552101    3553040      92000                 92000                             92000

 SILICON VY BANCSHARES     COMMON  827064106    1038400      47200                 47200                             47200

 SIX FLAGS INC             COMMON  83001P109    4186960     199000                199000                            199000

 SKECHERS U S A INC        COMMON  830566105     692751      23700                 23700                             23700
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                           88797854    3449745               3449745                           3448545      1200
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 32

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 SMARTFORCE PUB LTD CO     COMMON  83170A206     891319      25300                 25300                             25300

 SOLECTRON CORP            BND CV  834182AL1     822500    2000000               2000000                           2000000



 SONIC CORP                COMMON  835451105    1332660      42000                 42000                             42000

 SONICBLUE INC             COMMON  83546Q109      66000      20000                 20000                             20000

 SOUTHDOWN INC             COMMON  841297104    1384625      19000                 19000                                       19000

 SOUTHERN CO               COMMON  842587107    4743000     204000                204000                            204000

 SOUTHTRUST CORP           COMMON  844730101    7540000     290000                290000                            290000

 SOUTHWEST AIRLS CO        COMMON  844741108   16191693     875700                875700                            875700

 SOUTHWEST SECS GROUP INC  COMMON  845224104     732511      35387                 35387                             35387

 SOVEREIGN BANCORP INC     COMMON  845905108    5102500     392500                392500                            392500

 SPARTECH CORP             COMMON  847220209     717255      29700                 29700                             29700

 SPEEDFAM-IPEC INC         COMMON  847705100      31900      10000                 10000                             10000

 STANDARD COML CORP        COMMON  853258101     238840      14000                 14000                             14000

 STANDARD PAC CORP NEW     COMMON  85375C101    2384450     103000                103000                            101500      1500



 STANLEY WKS               COMMON  854616109    6282000     150000                150000                            150000

 STAPLES INC               COMMON  855030102    4916925     307500                307500                            150000    157500

 STATE STR CORP            COMMON  857477103   29406958     594200                594200                            592800      1400

 STATEN IS BANCORP INC     COMMON  857550107     799295      28700                 28700                             28700
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                           83584431    5140987               5140987                           4961587    179400
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 33

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 STERICYCLE INC            COMMON  858912108     544620      11600                 11600                             11600

 STEWART & STEVENSON SVCS  COMMON  860342104    1442100      43700                 43700                             43700

 STORAGE TECHNOLOGY CORP   COMMON  862111200    1032000      75000                 75000                             75000

 STRYKER CORP              COMMON  863667101   12604530     229800                229800                            229000       800

 SUN MICROSYSTEMS INC      COMMON  866810104    3898560     248000                248000                                      248000

 SUNGARD DATA SYS INC      COMMON  867363103    8402800     280000                280000                            280000

 SUNGLASS HUT INTL INC     COMMON  86736F106     308813      27000                 27000                             27000

 SUNRISE ASSISTED LIVING   BND CV  86768KAA4    1910000    2000000               2000000                           2000000

 SURMODICS INC             COMMON  868873100     999600      17000                 17000                             17000

 SWIFT ENERGY CO           COMMON  870738101    1033459      34300                 34300                             34300



 SYBASE INC                COMMON  871130100    1538075      93500                 93500                             93500

 SYBRON INTL CORP          COMMON  87114F106     747656      27500                 27500                             27500

 SYMBOL TECHNOLOGIES INC   COMMON  871508107    6993000     315000                315000                            315000

 SYMMETRICOM INC           COMMON  871543104     527040      36000                 36000                             36000

 SYNCOR INTL CORP DEL      COMMON  87157J106    1221400      39400                 39400                             39400

 SYNOVUS FINL CORP         COMMON  87161C105   10747650     342500                342500                            236000    106500

 SYSCO CORP                COMMON  871829107   13667310     503400                503400                            502900       500

 TCF FINL CORP             COMMON  872275102    8034785     173500                173500                            173500

 TECO ENERGY INC           COMMON  872375100    5160600     169200                169200                            169200
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                           80813998    4666400               4666400                           4310600    355800
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 34

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 THQ INC                   COMMON  872443403    2492534      41800                 41800                             41800

 TJX COS INC NEW           COMMON  872540109    3951880     124000                124000                                      124000

 TMP WORLDWIDE INC         COMMON  872941109    2700000      45000                 45000                             45000

 TAKE-TWO INTERACTIVE SOF  COMMON  874054109     493430      26600                 26600                             26600



 TALBOTS INC               COMMON  874161102    2205000      50400                 50400                             50400

 TARGET CORP               COMMON  87612E106   32793880     947800                947800                            823800    124000

 TECHNOLOGY SOLUTIONS CO   COMMON  87872T108      61232      34400                 34400                             34400

 TELEFLEX INC              COMMON  879369106    1786400      40600                 40600                             40600

 TELEFONOS DE MEXICO S A   BND CV  879403AD5    1283750    1000000               1000000                           1000000

 TELEPHONE & DATA SYS INC  COMMON  879433100   11244750     103400                103400                            103400

 TELLABS INC               COMMON  879664100    8333400     430000                430000                            200000    230000

 TENET HEALTHCARE CORP     COMMON  88033G100   10939200     212000                212000                            212000

 TERAYON COMMUNICATION SY  BND CV  880775AA9     181875     500000                500000                            500000

 TEREX CORP NEW            COMMON  880779103     330720      15600                 15600                             15600

 TEVA PHARMACEUTICAL INDS  COMMON  881624209    2118200      34000                 34000                             34000

 TETRA TECHNOLOGIES INC D  COMMON  88162F105     200490       8200                  8200                              8200



 TETRA TECH INC NEW        COMMON  88162G103    1656480      60900                 60900                             60900

 TEVA PHARMACEUTICAL FIN   BND CV  88163VAA7    1008750    1000000               1000000                           1000000

 TEXAS INDS INC            COMMON  882491103     505533      14700                 14700                             14700
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                           84287504    4689400               4689400                           4211400    478000
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 35

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 THERMO ELECTRON CORP      COMMON  883556102    5284800     240000                240000                            240000

 THORNBURG MTG INC         COMMON  885218107     744480      48000                 48000                             48000

 3COM CORP                 COMMON  885535104     213750      45000                 45000                             45000

 TIFFANY & CO NEW          COMMON  886547108   40327348    1113400               1113400                           1112900       500

 TIMBERLAND CO             COMMON  887100105    1975500      50000                 50000                             50000

 TIMBERLINE SOFTWARE CORP  COMMON  887134104     257721      50043                 50043                             50043

 TITAN CAP TR              PFD CV  888262201     722500      20000                 20000                             20000

 TITAN PHARMACEUTICALS IN  COMMON  888314101    2340780      78000                 78000                             78000

 TITANIUM METALS CORP      COMMON  888339108     120000      12000                 12000                             12000

 TOO INC                   COMMON  890333107    1781000      65000                 65000                             65000

 TORO CO                   COMMON  891092108    1056325      23500                 23500                             23500



 TOWER AUTOMOTIVE INC      BND CV  891707AE1    1239375    1500000               1500000                           1500000

 TOYS R US INC             COMMON  892335100    4999500     202000                202000                            202000

 TRANSOCEAN SEDCO FOREX I  BND CV  893830AA7     519750     900000                900000                            900000

 TRANSWITCH CORP           COMMON  894065101    3080000     280000                280000                            280000

 TRANSWITCH CORP           BND CV  894065AA9     371250     500000                500000                            500000

 TRIAD GTY INC             COMMON  895925105    1000000      25000                 25000                             25000

 TRIBUNE CO NEW            COMMON  896047107    1080270      27000                 27000                             27000

 TRIGON HEALTHCARE INC     COMMON  89618L100    4474650      69000                 69000                             69000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                           71588999    5247943               5247943                           5247443       500
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 36

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 TRIQUINT SEMICONDUCTOR I  COMMON  89674K103    1048500      46600                 46600                             46600

 TYCO INTL LTD NEW         COMMON  902124106   64215069    1178042               1178042                           1014842    163200

 UCBH HOLDINGS INC         COMMON  90262T308     861940      28400                 28400                             28400

 US BANCORP DEL            COMMON  902973304   14795268     649200                649200                            516200    133000

 U S FOODSERVICE           COMMON  90331R101    2593750     100000                100000                            100000



 UNION PACIFIC             PFD CV  907824205     688750      14500                 14500                             14500

 UNISOURCE ENERGY CORP     COMMON  909205106     764901      33300                 33300                             33300

 UNITED PARCEL SERVICE IN  COMMON  911312106    1156000      20000                 20000                             20000

 UNITED PARCEL SERVICE IN  BND CV  911312AB2    1001250    1000000               1000000                           1000000

 UNITED RENTALS INC        COMMON  911363109     259500      10000                 10000                             10000

 UNITED STATIONERS INC     COMMON  913004107    1262400      40000                 40000                                       40000

 UNITED TECHNOLOGIES CORP  COMMON  913017109   18849798     257300                257300                            256500       800

 UNITEDHEALTH GROUP INC    COMMON  91324P102   10188750     165000                165000                            164700       300

 UNIVERSAL ELECTRS INC     COMMON  913483103     918000      51000                 51000                             51000

 UNIVERSAL HLTH SVCS INC   COMMON  913903100   14332500     315000                315000                            315000

 UNIVISION COMMUNICATIONS  COMMON  914906102    5347500     125000                125000                            125000

 UNUMPROVIDENT CORP        COMMON  91529Y106   10641356     331300                331300                            331300



 USFREIGHTWAYS CORP        COMMON  916906100     495600      16800                 16800                             16800

 USWEB CORP                COMMON  917327108     302250       7800                  7800                              7800
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          149723082    4389242               4389242                           4051942    337300
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 37

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 UTILICORP UTD INC         COMMON  918005109    5346250     175000                175000                            175000

 V F CORP                  COMMON  918204108    3274200      90000                 90000                             90000

 VALERO ENERGY CORP NEW    COMMON  91913Y100    2206800      60000                 60000                             60000

 VANS INC                  COMMON  921930103     813100      34600                 34600                             34600

 VARIAN INC                COMMON  922206107    1195100      37000                 37000                             37000

 VARIAN MED SYS INC        COMMON  92220P105    9495200     132800                132800                            132800    500000

 VECTOR GROUP LTD          BND CV  92240MAA6     500000     500000                500000

 VERITAS SOFTWARE CO       COMMON  923436109   11236917     168900                168900                            168500       400

 VERITAS SOFTWARE CORP /   BND CV  92343RAA1     488438     250000                250000                            250000

 VERIZON COMMUNICATIONS    COMMON  92343V104     642000      12000                 12000                             12000

 VINTAGE PETE INC          COMMON  927460105    1703570      91100                 91100                             90200       900

 VITESSE SEMICONDUCTOR CO  COMMON  928497106    2013528      95700                 95700                             95700



 VODAFONE GROUP PLC NEW    COMMON  92857W100    8213625     367500                367500                            125000    242500

 WMS INDS INC              COMMON  929297109    2589685      80500                 80500                             80500

 WAL MART STORES INC       COMMON  931142103   85165760    1745200               1745200                           1535200    210000

 WASHINGTON FED INC        COMMON  938824109    1449132      59100                 59100                             59100

 WASHINGTON MUT INC        COMMON  939322103   33395093     889350                889350                            756600    132750

 WASHINGTON MUTUAL         PFD CV  93933U308    1062500      20000                 20000                             20000

 WASTE CONNECTIONS INC     COMMON  941053100     838800      23300                 23300                             23300
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          171629697    4832050               4832050                           4245500    586550
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 38

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 WASTE MGMT INC DEL        COMMON  94106L109    8321400     270000                270000                            270000

 WATERS CORP               COMMON  941848103    7697668     278800                278800                            278800

 WATSON PHARMACEUTICALS I  COMMON  942683103    7359816     119400                119400                             50000     69400

 WEBSTER FINL CORP CONN    COMMON  947890109    1517714      46300                 46300                             46300

 WELLPOINT HEALTH NETWORK  COMMON  94973H108    4712000      50000                 50000                             50000

 WELLS FARGO & CO NEW      COMMON  949746101    1459898      31443                 31443                                       31443



 WESLEY JESSEN VISIONCARE  COMMON  951018100     970888      25300                 25300                             25300

 WESTAMERICA BANCORPORATI  COMMON  957090103    1373750      35000                 35000                             35000

 WESTELL TECHNOLOGIES INC  COMMON  957541105      21000      14000                 14000                             14000

 INTERNATIONAL RECT        BND CV  460254AD2     194375     250000                250000                            250000

 WESTPOINT STEVENS INC     COMMON  961238102     131920      97000                 97000                                       97000

 WILD OATS MARKETS INC     COMMON  96808B107     422126      40550                 40550                             40550

 WILLIAMS COS INC DEL      COMMON  969457100     428350      13000                 13000                             13000

 WILLIAMS SONOMA INC       COMMON  969904101    1746900      45000                 45000                             45000

 WINN DIXIE STORES INC     COMMON  974280109     235170       9000                  9000                              9000

 WORLDCOM INC GA NEW       COMMON  98157D106    4338810     305550                305550                            116550    189000

 WORTHINGTON INDS INC      COMMON  981811102     534480      39300                 39300                             39300

 XTO ENERGY CORP           COMMON  98385X106    2572238     179250                179250                            179250



 XCEL ENERGY INC           COMMON  98389B100    1308700      46000                 46000                             46000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                           45347202    1894893               1894893                           1508050    386843
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 39

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 YOUNG & RUBICAM INC       BND CV  987425AC9     915000    1000000               1000000                           1000000



 ZALE CORP NEW             COMMON  988858106    1516500      45000                 45000                             45000

 ZIONS BANCORPORATION      COMMON  989701107   38491600     652400                652400                            526400    126000

 ZOMAX INC MINN            COMMON  989929104     101574      11400                 11400                             11400

 ACE LTD                   COMMON  G0070K103    9772500     250000                250000                            250000

 AMDOCS LTD                COMMON  G02602103     646200      12000                 12000                             12000

 APW LTD                   COMMON  G04397108     308560      30400                 30400                             30400

 EVEREST RE GROUP LTD      COMMON  G3223R108    8302800     111000                111000                            111000

 FOSTER WHEELER LTD        COMMON  G36535105     231680      25600                 25600                             25600

 HELEN OF TROY CORP LTD    COMMON  G4388N106     115804      13100                 13100                             13100

 PARTNERRE LTD             COMMON  G6852T105    7573180     136700                136700                            136700

 TRANSOCEAN SEDCO FOREX I  COMMON  G90078109    6703125     162500                162500                             75000     87500

 TRITON ENERGY LTD         COMMON  G90751101     792550      24200                 24200                             24200



 XL CAP LTD                COMMON  G98255105    6157500      75000                 75000                             75000

 XOMA LTD                  COMMON  G9825R107     622690      36500                 36500                             36500

 ESC MEDICAL SYS LTD       COMMON  M40868107    1803125      62500                 62500                             62500

 TARO PHARMACEUTICAL INDS  COMMON  M8737E108    1943832      22200                 22200                             22200

 FLEXTRONICS INTL LTD      COMMON  Y2573F102   21180745     811212                811212                            809012      2200

 OMI CORP NEW              COMMON  Y6476W104      72930      13000                 13000                             13000
                                              ---------  ---------  ---------  --------- ---------      --------- --------  --------

       COLUMN TOTALS                          107251895    3494712               3494712                           3279012    215700
</Table>

<Page>

                                FORM 13F                                 6/30/01
                   REPORTING MANAGER; VALUE LINE, INC.                   PAGE 40

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
         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>       <C>
 TEEKAY SHIPPING MARSHALL  COMMON  Y8564W103     712356      17800                17800                             17800
                                              ---------  ---------  --------- --------- ---------      --------- --------- ---------

       COLUMN TOTALS                             712356      17800                17800                             17800
                                              ---------  ---------  --------- --------- ---------      --------- --------- ---------

       REPORT TOTALS                         4435204532  178492348            178492348                          167879702  10612646
                                             ==========  =========  ========= ========= =========      ========= ========= =========
</Table>

</TEXT>
</DOCUMENT>
