WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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Report of Independent Accountants
To the Shareholders and Board of Directors of
Value Line U.S. Government Securities Fund, Inc.
In planning and performing our audit of the financial statements of the Value Line U.S.
Government Securities Fund, Inc. (the "Fund") for the year ended August 31, 2000, we
considered its internal control, including control activities for safeguarding securities, in order
to determine our auditing procedures for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR, not to provide assurance on
internal control.
The management of the Fund is responsible for establishing and maintaining internal control.
In fulfilling this responsibility, estimates and judgments by management are required to assess
the expected benefits and related costs of controls. Generally, controls that are relevant to an
audit pertain to the entity's objective of preparing financial statements for external purposes
that are fairly presented in conformity with generally accepted accounting principles. Those
controls include the safeguarding of assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or fraud may occur and not be
detected. Also, projection of any evaluation of internal control to future periods is subject to
the risk that it may become inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.
Our consideration of internal control would not necessarily disclose all matters in internal
control that might be material weaknesses under standards established by the American
Institute of Certified Public Accountants. A material weakness is a condition in which the
design or operation of one or more of the internal control components does not reduce to a
relatively low level the risk that misstatements caused by error or fraud in amounts that would
be material in relation to the financial statements being audited may occur and not be detected
within a timely period by employees in the normal course of performing their assigned
functions. However, we noted no matters involving internal control and its operation,
including controls for safeguarding securities, that we consider to be material weaknesses as
defined above as of August 31, 2000.
This report is intended solely for the information and use of the Board of Directors,
management and the Securities and Exchange Commission and is not intended to be and
should not be used by anyone other than these specified parties.
PricewaterhouseCoopers LLP
New York, New York
October 9, 2000
To the Shareholders and Board of Directors of
Value Line U.S. Government Securities Fund, Inc.
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