JANUARY 29, 1996
DELAWARE GROUP VALUE FUND, INC.
VALUE FUND
A CLASS/B CLASS/C CLASS
Supplement To Prospectus Dated January 29, 1996
The following supplements the information that appears in the
section of the Prospectus "Buying Shares":
For the limited period from December 1, 1995 through April
30, 1996, investors who held shares in any class of any Delaware
Group fund as of December 1, 1995 may purchase Class A Shares of
Delaware Group Value Fund, Inc. net asset value through the
Delaware Group Asset Planner service if such shares are being
purchased with proceeds from the redemption of shares of a fund
(other than a money market fund) outside of the Delaware Group of
Funds. The Investment Application and check for such a
transaction should note that the investment is being made under
the "NAV/Asset Planner Accommodation Program."
Exchanges from existing Delaware Group accounts into the Asset
Planner service may be made at net asset value under the
circumstances described under Investing by Exchange in Delaware
Group Value Fund, Inc.'s Prospectus. Exchanges from existing,
non-retirement Delaware Group accounts into the Asset Planner
service may require two business days to be processed in order to
minimize the potential taxable events related to the transfer.
