-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 GiulIv1cqGam2sQ8DH3+qLAoFn+d7Rr5l5ee53s/7WcGLRY2QVQoglFjlurxBLJv
 u2Nl2MikDqG5hMtJvaQm3Q==

<SEC-DOCUMENT>0000893838-04-000083.txt : 20040423
<SEC-HEADER>0000893838-04-000083.hdr.sgml : 20040423
<ACCEPTANCE-DATETIME>20040423163508
ACCESSION NUMBER:		0000893838-04-000083
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040423
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20040423

FILER:

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

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11306
		FILM NUMBER:		04751484

	BUSINESS ADDRESS:	
		STREET 1:		220 E 42ND ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2129071500
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>valueline8k042304.txt
<DESCRIPTION>FORM 8-K VALUE LINE INC. FPE 04/23/04
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934




                         April 23, 2004 (April 23, 2004)
- --------------------------------------------------------------------------------
                Date of Report (Date of earliest event reported)



                                VALUE LINE, INC.
 -------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)



           New York                 0-11306                      13-3139843
- --------------------------------------------------------------------------------
(State or other jurisdiction      (Commission                  (IRS Employer
   of incorporation)               File Number)              Identification No.)



220 East 42nd Street, New York, New York                         10017-5891
- --------------------------------------------------------------------------------
(Address of principal executive offices)                         (Zip Code)



Registrant's telephone number, including area code   (212) 907-1500
                                                     --------------


<PAGE>




                    INFORMATION TO BE INCLUDED IN THE REPORT




Item 5.  Other Events and Regulation FD Disclosure.
- ------   ----------------------------------------------

         Registrant's press release dated April 23, 2004, reporting the
declaration of a special dividend on the Registrant's common stock, is filed
herewith as Exhibit 99 and is incorporated herein by reference.



Item 7.  Financial Statements and Exhibits.
- ------   ---------------------------------

         (c) Exhibits.
             --------

             99. Press release of Registrant dated April 23, 2004.







<PAGE>



                                    SIGNATURE
                                    ---------


         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this Current Report to be signed on its
behalf by the undersigned thereunto duly authorized.


                                            VALUE LINE INC.
                                            ---------------------------
                                            (Registrant)


                                            By  /s/ Jean Bernhard Buttner
                                              --------------------------------
                                              Jean Bernhard Buttner
                                              Chairman & Chief Executive
                                              Officer
Date:  April 23, 2004


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>valueline8kex99042304.txt
<DESCRIPTION>PRESS RELEASE DTD 04/23/04
<TEXT>
                                                                      Exhibit 99
                                                                      ----------

                                Value Line, Inc.

For Immediate Release               Company Contact:  Jean B. Buttner, CEO
April 23, 2004                      (212) 907-1500

     Value Line, Inc. (VALU) Announces Special Dividend of $17.50 per Share
                     Payable to Shareholders of Record May 7
                         Business Wire - April 23, 2004

New York, NASDAQ - Value Line, Inc. (VALU) announced its Board had
declared today a special dividend in the amount of $17.50 per share on its
common stock. The dividend is to be paid on May 19, 2004, to shareholders of
record May 7, 2004.

         Jean Bernhard Buttner, Value Line's Chairman and Chief Executive
Officer said, "We are pleased to declare a special dividend in the amount of
$17.50 per share to all shareholders of record May 7, 2004. The dividend in the
total sum of $174,678,000 is payable on May 19. The Company is making this
special distribution from its Retained Earnings. Value Line is exceptionally
strong financially, with $208,464,000 of Shareholders' Equity as of our last
reporting date, January 31, 2004.

         "The purpose of the dividend is to return to all shareholders, in the
form of cash, a significant portion of the earnings of the Company from our
successful operations over the past number of years, at a time when shareholders
can enjoy the present favorable tax rates on dividends. Value Line believes many
companies should consider similar pro-active steps to help maximize shareholder
returns."

         Value Line is a leading New York based investment publishing and
investment management company. The Value Line Investment Survey is the nation's
largest independent investment service. The Company also produces and publishes
other investment advice in both print and electronic formats. Value Line
provides investment management services to the Value Line family of fourteen
no-load mutual funds and to institutional and individual portfolios through its
asset management division.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
