<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
"Semi-Annual Report to Shareholders" dated June 30, 2000 and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000320580
<NAME> Value Line Separate Account-Value Guard I
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Dec-31-2000
<PERIOD-END> Jun-30-2000
<INVESTMENTS-AT-COST> 206,152,231
<INVESTMENTS-AT-VALUE> 299,980,684
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 299,980,684
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,413,064
<TOTAL-LIABILITIES> 3,413,064
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (808,542)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12,098,121
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 93,828,454
<NET-ASSETS> 296,567,620
<DIVIDEND-INCOME> 800,864
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 1,609,406
<NET-INVESTMENT-INCOME> (808,542)
<REALIZED-GAINS-CURRENT> 12,098,121
<APPREC-INCREASE-CURRENT> (4,167,470)
<NET-CHANGE-FROM-OPS> 7,122,109
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,609,406
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,609,406
<AVERAGE-NET-ASSETS> 302,596,564
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 7,930,651
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> .006
</TABLE>
