Filed Pursuant to Rule 497(j)
                                               Registration File No.: 2-10827



            [VALUE LINE LOGO]   VALUE LINE, INC

                              220 East 42nd Street
                         New York, New York 10017-5891
                  Phone: (212) 907-1500 / Fax: (212) 818-9747


                                                                     May 6, 2002




Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549


            Re:  The Value Line Fund, Inc.
                 File #2-10827; 811-568
                 Rule 497(j)
                 ---------------------------------------


Dear Sir/Madam:

     On behalf of the Registrant, the undersigned certifies that the form of
Prospectus and Statement of Additional Information that would have been filed
under Section 497(c) would not have differed from those contained in the text of
the Registrant's most recent post-effective amendment to its registration
statement that was filed electronically via Edgar with the Securities and
Exchange Commission.


                                               Very truly yours,

                                           /s/ Peter D. Lowenstein
                                               ---------------------------
                                               Peter D. Lowenstein



PDL:psp