July 12, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: The Value Line Tax Exempt Fund, Inc.
File #2-87913
#811-3904
Rule 497(j)
Sir/Madam:
On behalf of the Registrant, the undersigned certifies that
the form of Prospectus and Statement of Additional Information
that would have been filed under Section 497(c) would not have
differed from those contained in the text of the Registrant's
most recent post-effective amendment to its registration
statement that was filed electronically via Edgar with the
Securities and Exchange Commission.
Very truly yours,
Peter D. Lowenstein
Legal Counsel
PDL:rs
497(j).tef
