VALUE LINE U.S. GOVERNMENT SECURITIES FUND, INC.
24f2 NOTICE FOR THE FISCAL YEAR ENDING AUGUST 31, 1995
FILE NO. 271928
1. Year Ending: August 31, 1995
2. Shares registered under
Securities Act of 1933:
Indefinite Amount
3. Shares registered during year
other than pursuant to Rule 24f-2: None
4. Shares sold during the year
ended August 31, 1995: 2,227,119
5. Shares sold during the year
ended August 31, 1995
pursuant to Rule 24f2: 2,227,119
6. Shares redeemed during the
year ended August 31, 1995: 11,213,352
7. Amount of fee*:
$ -0-
Based on aggregate sale price for which such securities
were sold ($25,404,386) reduced by redemption price of
such securities redeemed ($122,756,006).
This notice is accompanied by an opinion of counsel
concerning the shares registered pursuant to Rule 24f2
during the fiscal year ended August 31, 1995.
The above computation is true and correct
to the best of my knowledge and belief.
Stephen LaRosa, Assistant Treasurer
September 28, 1995
PETER D. LOWENSTEIN
ATTORNEY AT LAW
TWO GREENWICH PLAZA, SUITE 100
GREENWICH, CONNECTICUT 06830
203 6223932
FAX 203 6220321
October 2, 1995
Value Line U.S. Government Securities Fund, Inc.
220 East 42nd Street
New York, NY 10017
Re: Rule 24f2 Registration of Shares
Gentlemen:
I am familiar with the proceedings taken by Value Line U.S.
Government Securities Fund, Inc., a Maryland corporation (the
"Fund"), in connection with the registration and sale of shares of
its common stock, par value $1.00 per share, under the Securities
Act of 1933 and in accordance with the provisions of Rule 24f2
under the Investment Company Act of 1940, as amended, and as
described and set forth in its Registration Statement on Form N1A
and in the Prospectus constituting a part of said Registration
Statement.
I have examined such corporate records of the Fund and other
documents and considered such questions of law as I have deemed
necessary as a basis for this opinion. Specifically, I have
examined a "Rule 24f2 Notice", dated September 28, 1995, signed by
your Assistant Treasurer, and a certificate of the Assistant
Treasurer which states that of the 2,227,119 shares issued during
the year ending August 31, 1995 (excluding shares issued in
reinvestment of dividends), 2,221,409 of such shares were fully
paid as of such date and 5,710 shares were recorded on the books of
the Fund as issued but payment for those shares had not been made
and was not yet due in the ordinary course of your business.
Based upon the foregoing, I am of the opinion that the shares
of the Fund described in the Notice, the registration of which is
made definite by the filing of the Notice, were legally issued,
fully paid and nonassessable.
I consent to this opinion accompanying the Notice.
Very truly yours,
Peter D. Lowenstein
