WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000804116
<NAME> ROYCE VALUE TRUST
<SERIES>
<NUMBER>
<NAME>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 620913175
<INVESTMENTS-AT-VALUE> 746945801
<RECEIVABLES> 6843159
<ASSETS-OTHER> 655940
<OTHER-ITEMS-ASSETS> 75365
<TOTAL-ASSETS> 754520265
<PAYABLE-FOR-SECURITIES> 5777739
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1051003
<TOTAL-LIABILITIES> 6828742
<SENIOR-EQUITY> 160000000
<PAID-IN-CAPITAL-COMMON> 405556047
<SHARES-COMMON-STOCK> 36345
<SHARES-COMMON-PRIOR> 35072
<ACCUMULATED-NII-CURRENT> 7837657
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 78537364
<OVERDISTRIBUTION-GAINS> 30308516
<ACCUM-APPREC-OR-DEPREC> 126032626
<NET-ASSETS> 587691523
<DIVIDEND-INCOME> 4949826
<INTEREST-INCOME> 2404628
<OTHER-INCOME> 0
<EXPENSES-NET> 3692107
<NET-INVESTMENT-INCOME> 3662347
<REALIZED-GAINS-CURRENT> 63322728
<APPREC-INCREASE-CURRENT> (19338893)
<NET-CHANGE-FROM-OPS> 47646182
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 30042293
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 17159205
<NET-CHANGE-IN-ASSETS> 34763094
<ACCUMULATED-NII-PRIOR> 4175310
<ACCUMULATED-GAINS-PRIOR> 15214636
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3435746
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3993240
<AVERAGE-NET-ASSETS> 726227985
<PER-SHARE-NAV-BEGIN> 15.77
<PER-SHARE-NII> .10
<PER-SHARE-GAIN-APPREC> 1.24
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.94)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.17
<EXPENSE-RATIO> 1.31
</TABLE>
