UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2002 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Value Line Inc Address: 220 East 42nd Street New York, NY 10017 13F File Number: 28-00401 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: David Henigson Title: Vice President Phone: 212-907-1600 Signature, Place, and Date of Signing: /s/ David Henigson New York, NY May 13, 2002 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 617 Form13F Information Table Value Total: $3,165,697 thousands List of Other Included Managers: List of Other Managers Reporting for this Manager: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3COM CORP COMMON 885535104 134 22000 SH DEFINED 0 22000 0 3M CO COMMON 88579Y101 690 6000 SH DEFINED 0 6000 0 99 CENTS ONLY STORES COMMON 65440K106 1664 43400 SH DEFINED 0 43400 0 AAIPHARMA INC COMMON 00252W104 201 5600 SH DEFINED 0 5600 0 ABBOTT LABS COMMON 002824100 5754 109400 SH DEFINED 0 109000 400 ABERCROMBIE & FITCH CO CL A 002896207 19370 628900 SH DEFINED 0 628900 0 ACE LTD ORD G0070K103 4337 104000 SH DEFINED 0 104000 0 ACTION PERFORMANCE COS I COMMON 004933107 837 17000 SH DEFINED 0 17000 0 ACTIVISION INC NEW COM NEW 004930202 2653 88950 SH DEFINED 0 88950 0 ADELPHIA COMMUNICATIONS PFD CV SER D 006848402 355 5000 SH DEFINED 0 5000 0 ADOBE SYS INC COMMON 00724F101 11724 291000 SH DEFINED 0 291000 0 ADVANCED AUTO PARTS INC COMMON 00751Y106 405 8800 SH DEFINED 0 8800 0 AES CORP SDCV 4.500 8/1 00130HAN5 156 250000 PRN DEFINED 0 250000 0 AFFILIATED COMPUTER SERV NOTE 3.500 2/1 008190AF7 358 250000 PRN DEFINED 0 250000 0 AFFILIATED COMPUTER SERV CL A 008190100 11787 210000 SH DEFINED 0 210000 0 AFFYMETRIX INC NOTE 5.000 10/0 00826TAA6 220 250000 PRN DEFINED 0 250000 0 AGCO CORP COMMON 001084102 1643 72000 SH DEFINED 0 72000 0 AIRGAS INC COMMON 009363102 1367 68000 SH DEFINED 0 68000 0 AKAMAI TECHNOLOGIES INC NOTE 5.500 7/0 00971TAA9 1131 2250000 PRN DEFINED 0 2250000 0 ALBANY INTL CORP CL A 012348108 445 14700 SH DEFINED 0 14700 0 ALLEGHENY ENERGY INC COMMON 017361106 4189 101300 SH DEFINED 0 101300 0 ALLERGAN INC COMMON 018490102 13835 214000 SH DEFINED 0 214000 0 ALLIANCE GAMING CORP COM NEW 01859P609 916 30000 SH DEFINED 0 30000 0 ALLIANT ENERGY CORP COMMON 018802108 453 15000 SH DEFINED 0 15000 0 ALLIANT TECHSYSTEMS INC COMMON 018804104 4490 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