BLUE CHIP VALUE FUND INC
NSAR-A, 1996-08-13
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<PAGE>      PAGE  1
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001 A000000 BLUE CHIP VALUE FUND INC.
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SIGNATURE   JAMES E. CINO                                
TITLE       FUND ADMINISTRATOR  
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000810439
<NAME> BLUE CHIP VALUE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                         75678195
<INVESTMENTS-AT-VALUE>                       103341178
<RECEIVABLES>                                  2468005
<ASSETS-OTHER>                                   28870
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<TOTAL-ASSETS>                               105838053
<PAYABLE-FOR-SECURITIES>                       1997940
<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                            2107537
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<SHARES-COMMON-STOCK>                         10960829
<SHARES-COMMON-PRIOR>                         10960829
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<DIVIDEND-INCOME>                              1172342
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<OTHER-INCOME>                                       0
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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