VALUE LINE AGGRESSIVE INCOME TRUST
NSAR-B, 1999-03-24
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<PAGE>      PAGE  1
000 B000000 01/31/99
000 C000000 0000783316
000 D000000 N
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000 F000000 Y
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000 J000000 A
001 A000000 VALUE LINE AGGRESSIVE INCOME TRUST
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012 A000001 STATE STREET BANK AND TRUST COMPANY C/O NFDS
012 B000001 84-1
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64141
<PAGE>      PAGE  2
012 C040001 6729
013 A000001 PRICE WATERHOUSE LLP
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013 B020001 NY
013 B030001 10036
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  9
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SIGNATURE   JACK M. HOUSTON                              
TITLE       ASST-TREASURER      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000783316
<NAME> VALUE LINE AGGRESSIVE INCOME TRUST
<MULTIPLIER> 1000
<CURRENCY> US
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JAN-31-1999
<PERIOD-START>                             FEB-01-1998
<PERIOD-END>                               JAN-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                           182429
<INVESTMENTS-AT-VALUE>                          171144
<RECEIVABLES>                                     4627
<ASSETS-OTHER>                                      52
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  175823
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1018
<TOTAL-LIABILITIES>                               1018
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        194170
<SHARES-COMMON-STOCK>                            23450
<SHARES-COMMON-PRIOR>                            16942
<ACCUMULATED-NII-CURRENT>                           98
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (8178)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (11285)
<NET-ASSETS>                                    174805
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                16818
<OTHER-INCOME>                                     155
<EXPENSES-NET>                                    1296
<NET-INVESTMENT-INCOME>                          15677
<REALIZED-GAINS-CURRENT>                        (5192)
<APPREC-INCREASE-CURRENT>                      (17830)
<NET-CHANGE-FROM-OPS>                          (23022)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        15605
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
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<NUMBER-OF-SHARES-REDEEMED>                      15498
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<ACCUMULATED-NII-PRIOR>                             26
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<PER-SHARE-NII>                                    .78
<PER-SHARE-GAIN-APPREC>                         (1.21)
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</TABLE>


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