Supplement, Dated November 4, 2005, to the
         Prospectus of The Value Line Fund, Inc., Dated May 1, 2005


Based on the number of shares outstanding at October 26, 2005 and the realized
capital gains through that date, the Fund projects that its year-end capital
gains distribution would be approximately $2.234 per share. This amount may
change as a result of developments during the remainder of the year.