VALUE LINE, INC.

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


                                                   May 1, 2006





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

            Re:   Value Line Fund, Inc.
                  File Nos. 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,



                                                   Peter D. Lowenstein
                                                   Legal Counsel




PDL:psp