VALUE LINE, INC.

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


                                               April 30, 2007



Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC  20549

            Re:  The Value Line Fund, Inc.
                 File Nos. 2-10827; 811-02265
                 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
                                               Legal Counsel



PDL:psp