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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported) March 25, 1996
VALUE LINE, INC.
(Exact name of registrant as specified in its charter)
New York 0-11306 13-3139843
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
220 East 42nd Street, New York, New York 10017
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 212-907-1500
Not Applicable
(Former name or former address, if changed since last report.)
Item 4: CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) Previous independent accountants
(i) On March 25, 1996, the Registrant terminated the engagement of Price
Waterhouse LLP ("PW") as the independent accountants for the
Registrant. On March 25, 1996, Horowitz & Ullmann was engaged to
audit the financial statements of the Registrant. The termination
of the engagement of PW and the selection of Horowitz & Ullmann were
recommended by the Audit Committee of the Board of Directors and
approved by the entire Board of Directors.
(ii) The reports of PW on the financial statements for the last two fiscal
years ended April 30, 1995 contained no adverse opinion or
disclaimer of opinion and were not qualified or modified as to
uncertainty, audit scope or accounting principle.
(iii) In connection with its audit for the two most recent fiscal years and
through March 25, 1996, there have been no disagreements with PW on
any matter of accounting principles or practices, financial statement
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disclosure, or auditing scope or procedure, which disagreements if
not resolved to the satisfaction of PW would have caused them to make
reference thereto in their reports on the financial statements for
such years.
(iv) During the last two fiscal years and through March 25, 1996, there
have been no reportable events (as defined in Regulation S-K Item
304(a)(1)(v)) with PW.
(v) Enclosed is a letter addressed to the SEC stating that PW agrees with
the above statements.
(b) New independent accountants
(i) The Registrant engaged Horowitz & Ullmann as its new independent
accountants as of March 25, 1996. During the two most recent fiscal
years and through March 25, 1996, the Registrant has not consulted
with Horowitz & Ullmann on items which (1) were material in nature or
(2) concerned the subject matter of a disagreement or reportable event
with the former auditor (as described in Regulation S-K Item
304(a)(2)).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
VALUE LINE, INC.
Registrant
________________________
Howard A. Brecher
Secretary
Date: March 29, 1996
