| For the fiscal year ended April                  30,                  2005  | Commission                    File Number                    0-11306 |
|----------------------------------------------------------------------------------|----------------------------------------------------------------------|

| New                  York                        | 13-3139843                                    |
|--------------------------------------------------|-----------------------------------------------|
| (State                  or other jurisdiction of | (IRS                  Employer Identification |
| incorporation                  or organization)  | Number)                                       |

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

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|                                           |   |   |   |                                           |   |                      |   | Long-Term          |   |                           |   |            |   |
|------------------------------------------------|--------|--------|--------|------------------------------------------------|--------|---------------------------|--------|--------------------|--------|--------------------------------|--------|-----------------|--------|
|                                           |   |   |   |                                           |   |                      |   | Compensation  |   |                           |   |            |   |
|                                           |   |   |   |                                           |   |                      |   | Awards             |   |                           |   |            |   |
|                                           |   |   |   |                                           |   |                      |   | Restricted         |   |                           |   |            |   |
|                                           |   |   |   | Annual                      Compensation  |   | Stock                |   | Options            |   | All                      Other |   |
| Name                    and                    |   | Fiscal |   |                                           |   |                      |   | Award(s)      |   | Granted                        |   | Compensation(b) |   |
| Principal                    Position     |   | Year   |   |  Salary($)                                |   | Bonus(a)($)               |   |  ($)          |   |  (#)                      |   |  ($)       |   |
|                                           |   |   |   |                                           |   |                      |   |               |   |                           |   |            |   |
| Jean                    B. Buttner             |   | 2005   |   | 917,286                                        |   | -                    0-   |   | —            |   | —                        |   | 18,086          |   |
| Chairman                    of the Board       |   | 2004   |   | 917,286                                        |   | -                      0- |   | —            |   | —                        |   | 16,814          |   |
| and                    Chief Executive Officer |   | 2003   |   | 898,419                                        |   | -                    0-   |   | —            |   | —                        |   | 16,017          |   |
|                                           |   |   |   |                                           |   |                      |   |               |   |                           |   |            |   |
| Samuel                    Eisenstadt           |   | 2005   |   | 138,900                                        |   | 125,000                   |   | —            |   | —                        |   | 14,571          |   |
| Senior                    Vice President       |   | 2004   |   | 138,900                                        |   | 125,000                   |   | —            |   | —                        |   | 13,890          |   |
| and                    Research Chairman       |   | 2003   |   | 138,900                                        |   | 122,917                   |   | —            |   | —                        |   | 13,547          |   |
|                                           |   |   |   |                                           |   |                      |   |               |   |                           |   |            |   |
| David                    T. Henigson           |   | 2005   |   | 111,175                                        |   | 207,500                   |   | —            |   | —                        |   | 11,662          |   |
| Vice                    President              |   | 2004   |   | 100,000                                        |   | 415,000                   |   | —            |   | —                        |   | 10,000          |   |
|                                           |   | 2003   |   | 100,000                                        |   | 415,000                   |   | —            |   | —                        |   | 9,800           |   |
|                                           |   |   |   |                                           |   |                      |   |               |   |                           |   |            |   |
| Howard                    A. Brecher           |   | 2005   |   | 50,000                                         |   | 400,000                   |   | —            |   | —                        |   | 5,245           |   |
| Vice                    President              |   | 2004   |   | 50,000                                         |   | 400,000                   |   | —            |   | —                        |   | 5,000           |   |
|                                           |   | 2003   |   | 50,000                                         |   | 375,000                   |   | —            |   | —                        |   | 4,900           |   |
|                                           |   |   |   |                                           |   |                      |   |               |   |                           |   |            |   |
| Stephen                    R. Anastasio        |   | 2005   |   | 100,000                                        |   | 58,800                    |   | —            |   | —                        |   | 10,247          |   |
| Chief                    Financial Officer;    |   | 2004   |   | 100,000                                        |   | 120,000                   |   | —            |   | —                        |   | 10,000          |   |
| Corporate                    Controller        |   | 2003   |   | 100,000                                        |   | 120,000                   |   | —            |   | —                        |   | 9,800           |   |

| (a)   | A                  portion of the bonuses are contingent upon future                  employment. |
|-----------------|---------------------------------------------------------------------------------------------------|

| (b)   | Employees                  of the Company are members of the Value Line Profit Sharing and                  Savings                  Plan (the "Plan"). The Plan provides for a defined annual contribution                  which is determined by a formula based upon the salaries of eligible                  employees and the amount of consolidated net operating income as                  defined                  in the Plan. The Company's contribution expense was $1,082,000                  for the                  year ended April 30, 2005. Each employee's interest in the Plan                  is                  invested in such proportions as the employee may elect in shares                  of one or                  more of the mutual funds which are available for investment by                  plan                  participants, for which the Company acts as investment adviser.                  Distributions under the Plan vest in accordance with a schedule                  based upon                  the employee's length of service and are payable upon the employee's                  retirement, death, total and permanent disability or termination                  of                  employment. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|         |                                                    |                                            |
|--------------|---------------------------------------------------------|-------------------------------------------------|
|         | **VALUE                    LINE, INC.**(Registrant)     |
|    |                                               |                                       |
|         | By:                                           | /s/ Jean                  Bernhard Buttner |
|         | Jean                  Bernhard Buttner                  |
|         | Chairman                  & Chief Executive Officer |

|         |                                                      |                                              |
|--------------|-----------------------------------------------------------|---------------------------------------------------|
|    |                                                 |                                         |
|         | By:                                             | /s/ Jean                    Bernhard Buttner |
|         | Jean                    Bernhard Buttner                  |
|         | Chairman                    & Chief Executive Officer |

|                         |                                         |                                               |
|------------------------------|----------------------------------------------|----------------------------------------------------|
|                    |                                    |                                          |
|                         | By:                                | /s/ Stephen                      R. Anastasio |
|                         | Stephen                      R. Anastasio    |
|                         | Chief                      Financial Officer |
|                         |                                         |
|                         |                                         |
| Dated: August 26, 2005  |                                         |

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|                                          |   |   |                                      |
|-----------------------------------------------|--------|--------|-------------------------------------------|
| /s/ Jean                Bernhard Buttner |   |   | /s/ Howard                A. Brecher |
| Jean                Bernhard Buttner          |   |   | Howard                A. Brecher          |
|                                          |   |   |                                      |

|                                          |   |   |                                        |
|-----------------------------------------------|--------|--------|---------------------------------------------|
| /s/ Harold                  Bernard, Jr. |   |   | /s/ Samuel                  Eisenstadt |
| Harold                  Bernard, Jr.          |   |   | Samuel                  Eisenstadt          |
|                                          |   |   |                                        |

|                                           |   |   |                                          |
|------------------------------------------------|--------|--------|-----------------------------------------------|
| /s/ Edward                    J. Shanahan |   |   | /s/ David                    T. Henigson |
| Edward                    J. Shanahan          |   |   | David                    T. Henigson          |
|                                           |   |   |                                          |

|                                             |   |   |                                           |
|--------------------------------------------------|--------|--------|------------------------------------------------|
| /s/ Dr.                      Herbert Pardes |   |   | /s/ Edgar                      A. Buttner |
| Dr.                      Herbert Pardes          |   |   | Edgar                      A. Buttner          |
|                                             |   |   |                                           |

|                                      |   |   |   |
|-------------------------------------------|--------|--------|--------|
| /s/                        Marianne Asher |   |   |   |
| Marianne                        Asher     |   |   |   |
|                                      |   |   |   |
|                                      |   |   |   |
|                                      |   |   |   |
| Dated: August 26, 2005               |   |   |   |

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