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<PAGE> PAGE 2
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020 A000002 PCS SECURITIES, INC.
020 C000002 10
020 A000003 SALOMON KIRKPATRICK
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020 A000004 JANCO PARTNERS
020 C000004 6
020 A000005 STANDARD & POORS
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020 A000006 RAYMOND JAMES & ASSOC.
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020 A000007 WEEDEN & CO.
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 7
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SIGNATURE JAMES COLANTINO
TITLE SENIOR ADMINISTRATOR
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> BLUE CHIP VALUE FUND, INC.
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<PER-SHARE-NAV-BEGIN> 10.25
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XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Matters submitted to a vote of security holders
Proposal 1.
To elect two Class II directors, Robert M. Inman and Richard C. Schulte, to
serve until the Annual Meeting in the year 2002. The number of shares voting
for the election of Mr.Inman was 14,709,224 and the number of shares
withholding authority was 225,349. The number of shares voting for the
election of Mr. Schulte was 14,708,469 and the number of shares withholding
authority was 226,104.
The name of each other director whose term of office continued after the
Annual Meeting was Todger Anderson, Robert J. Greenebaum, Kenneth V.
Penland and Roberta M. Wilson.
Proposal 2.
To ratify the appointment by the Board of Directors of Ernst & Young LLP
as the Funds independent auditors for the fiscal year ended December 31,
1999. The number of shares voting for ratification of the appointment of
Ernst & Young LLP as independent auditors was 14,714,752, the number of
shares voting against ratification was 103,231 and the number of shares
abstaining was 116,590.
