Value Line Funds PERIOD ENDING Value Line Asset Allocation Fund, Inc. (Semi-Annual) September 30, 2007 Value Line Asset Allocation Fund, Inc. (Annual) March 31, 2007 Value Line Convertible Fund, Inc. (Semi-Annual) October 31, 2007 Value Line Convertible Fund, Inc. (Annual) April 30, 2007 The Value Line Fund, Inc. (Annual) December 31, 2007 Value Line Income & Growth Fund, Inc. (Annual) December 31, 2007 Value Line Larger Companies Fund, Inc (Annual) (formerly, Value Line Leveraged Growth Investors, Inc.) December 31, 2007 Value Line Premier Growth Fund, Inc.(Annual) (formerly, The Value Line Special Situations Fund, Inc.) December 31, 2007 Value Line Emerging Opportunities Fund, Inc. (Semi-Annual) September 30, 2007 Value Line Emerging Opportunities Fund, Inc. (Annual) March 31, 2007 Value Line Aggressive Income Trust (Annual) January 31, 2008 Value Line New York Tax Exempt Trust (Annual) January 31, 2008 The Value Line Tax Exempt Fund, Inc. (Annual) February 29, 2008 Value Line U.S. Government Securities Fund, Inc. (Semi-Annual) February 29, 2008 Value Line U.S. Government Securities Fund, Inc. (Annual) August 31, 2007 The Value Line Cash Fund, Inc. (Annual) December 31, 2007