VALUE TREND FUNDS
N-8A, 1998-10-07
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                          FORM N-8A

             SECURITIES AND EXCHANGE COMMISSION
                    Washington, DC 20549

                          FORM N-8A

                NOTIFICATION OF REGISTRATION
            FILED PURSUANT TO SECTION 8(a) OF THE
               INVESTMENT COMPANY ACT OF 1940


The  undersigned investment company hereby notifies the
Securities and  Exchange Commission  that  it registers
under and pursuant to the provisions  of  Section 8(a)  of
the  Investment  Company  Act of 1940  and  in  connection
with  such notification of registration submits the
following information:

Name:     VALUE TREND FUNDS

Address of Principal Business Office (Number and Street,
City, State, ZIP Code):

     411 West Madison Avenue
     El Cajon, CA 92020


Telephone Number (including area code): (619) 588-9700

Name and address of agent for service of process:

Ross C. Provence
411 West Madison Avenue
El Cajon, CA 92020

Check Appropriate Box:

Registrant is filing a Registration Statement pursuant to
Section 8(b)  of  the Investment Company Act of 1940
concurrently with the filing of Form  N-8A:  X  Yes    No


                         SIGNATURES

Pursuant  to  the  requirements  of the Investment  Company
Act  of  1940,  the registrant has caused this notification
of registration to be duly signed on its behalf  in  the
City of El Cajon and State of California on the 5th  day  of
October,  1998.

               VALUE TREND FUNDS


                    By:  /s/ Ross C. Provence

                             Ross C. Provence, Trustee
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