<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000764772
<NAME> VALUE LINE CONVERTIBLE FUND, INC.
<MULTIPLIER> 1000
<CURRENCY> US
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1999
<PERIOD-START>                             MAY-01-1998
<PERIOD-END>                               OCT-31-1998
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                            80331
<INVESTMENTS-AT-VALUE>                           78505
<RECEIVABLES>                                      811
<ASSETS-OTHER>                                      44
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   79360
<PAYABLE-FOR-SECURITIES>                           837
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          126
<TOTAL-LIABILITIES>                                963
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         78909
<SHARES-COMMON-STOCK>                             6284
<SHARES-COMMON-PRIOR>                             6598
<ACCUMULATED-NII-CURRENT>                          434
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            880
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        (1836)
<NET-ASSETS>                                     78397
<DIVIDEND-INCOME>                                  754
<INTEREST-INCOME>                                 1570
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     415
<NET-INVESTMENT-INCOME>                           1909
<REALIZED-GAINS-CURRENT>                        (2833)
<APPREC-INCREASE-CURRENT>                      (10913)
<NET-CHANGE-FROM-OPS>                          (11837)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         1881
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           6696
<NUMBER-OF-SHARES-REDEEMED>                       7122
<SHARES-REINVESTED>                                112
<NET-CHANGE-IN-ASSETS>                         (19282)
<ACCUMULATED-NII-PRIOR>                            407
<ACCUMULATED-GAINS-PRIOR>                         3713
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              318
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    417
<AVERAGE-NET-ASSETS>                             85650
<PER-SHARE-NAV-BEGIN>                            14.80
<PER-SHARE-NII>                                    .32
<PER-SHARE-GAIN-APPREC>                         (2.33)
<PER-SHARE-DIVIDEND>                               .31
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.48
<EXPENSE-RATIO>                                    .97
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>