t63525a_497.htm

 
Supplement dated August 28, 2008 to:
 
Value Line Aggressive Income Trust
Statement of Additional Information
dated June 1, 2008
   
Value Line Asset Allocation Fund, Inc.
Statement of Additional Information
dated August 1, 2008
 
Value Line Cash Fund, Inc.
Statement of Additional Information
dated May 1, 2008
 
Value Line Centurion Fund, Inc.
Statement of Additional Information
dated May 1, 2008
 
Value Line Emerging Opportunities Fund, Inc.
Statement of Additional Information
dated August 1, 2008
 
Value Line Fund, Inc.
Statement of Additional Information
dated May 1, 2008
 
Value Line Income & Growth Fund, Inc.
Statement of Additional Information
dated May 1, 2008
 
Value Line Larger Companies Fund, Inc.
Statement of Additional Information
dated May 1, 2008
 
Value Line New York Tax Exempt Trust
Statement of Additional Information
dated June 1, 2008
 
Value Line Premier Growth Fund. Inc.
Statement of Additional Information
dated May 1, 2008
 
Value Line Strategic Asset Management Trust
Statement of Additional Information
dated May 1, 2008
 
Value Line Tax Exempt Fund, Inc.
Statement of Additional Information
dated July 1, 2008
 
Value Line U.S. Government Securities Fund, Inc.
Statement of Additional Information
dated January 1, 2008
   

 

 
Management of the Funds

Stephen R. Anastasio resigned as the Treasurer and Chief Financial Officer (Principal Financial and Accounting Officer) of the Value Line mutual funds (the “Funds”) in July 2008.  Emily D. Washington was appointed as the Treasurer and Chief Financial Officer (Principal Financial and Accounting Officer) of the Funds in August 2008.



The table under the caption “Management of the Fund” in each Fund’s Statement of Additional Information is revised by deleting references to Mr. Anastasio and inserting the following information:

Name, Address,
and Age
 
Position
 
Length of
Time Served
 
Principal Occupations During the
Past 5 Years
Officers
           
Emily D. Washington
Age 29
 
Treasurer
and Chief
Financial
Officer
 
Since
August 2008
 
Associate Director of Mutual Fund Accounting at Value Line until August 2008; Treasurer and Chief Financial Officer (Principal Financial and Accounting Officer) of the Value Line Funds since August 2008
 
 
 

 


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INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE STATEMENT OF
ADDITIONAL INFORMATION FOR FUTURE REFERENCE