BLUE CHIP VALUE FUND INC
NSAR-A, EX-99, 2000-08-24
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August 22, 2000




Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D. C. 20549

Gentlemen:

We have read Sub-Item 77K of Form N-SAR of Blue Chip Value Fund,
Inc. for the semi-annual period ended June 30, 2000 and are in
agreement with the statements contained in the first paragraph of
Sub-Item 77K.  We have no basis to agree or disagree with other
statements of the registrant contained therein.


                         Sincerely yours,



                         Ernst & Young LLP



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