<PAGE> PAGE 1
000 B000000 12/31/97
000 C000000 0000819978
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 VALUE LINE STRATEGIC ASSET MANAGEMENT TRUST
001 B000000 811-5276
001 C000000 2129071500
002 A000000 220 E. 42ND STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10017
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 VALUE LINE, INC.
008 B000001 A
008 C000001 801-625
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10017
008 D040001 5891
011 A000001 VALUE LINE SECURITIES, INC.
011 B000001 8-848
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10017
011 C040001 5891
012 A000001 STATE STREET BANK AND TRUST COMPANY C/O NFDS
012 B000001 84-1
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64141
013 A000001 PRICE WATERHOUSE LLP
<PAGE> PAGE 2
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10036
014 A000001 VALUE LINE SECURITIES, INC.
014 B000001 8-848
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 16
019 C000000 VALULINEFD
020 A000001 VALUE LINE SECURITIES, INC.
020 B000001 13-1974107
020 C000001 427
020 A000002 LIPPER & COMPANY, L.P.
020 B000002 13-3627345
020 C000002 59
020 A000003 BEAR, STEARNS & CO.,INC.
020 B000003 13-3299429
020 C000003 59
020 A000004 FAGENSON & COMPANY, INC.
020 B000004 13-1939961
020 C000004 39
020 A000005 STANDARD & POOR'S SECURITIES, INC.
020 B000005 13-2671951
020 C000005 25
020 A000006 BERNSTEIN (SANFORD C.) & CO., INC.
020 B000006 13-2625874
020 C000006 19
020 A000007 GOLDMAN, SACHS & CO.
020 B000007 13-5108880
020 C000007 12
020 A000008 VANDHAM SECURITIES CORP.
020 B000008 22-3039058
020 C000008 10
020 A000009 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000009 13-2741729
020 C000009 9
020 A000010 GORDON, HASKETT & CO.
020 B000010 06-1095324
020 C000010 8
021 000000 748
022 A000001 MORGAN STANLEY & CO. INC.
022 B000001 13-2655998
022 C000001 5166081
022 D000001 31705
022 A000002 FIRST CHICAGO CAPITAL MARKETS, INC.
<PAGE> PAGE 3
022 B000002 36-3595942
022 C000002 2197916
022 D000002 0
022 A000003 UBS SECURITIES LLC
022 B000003 13-3873456
022 C000003 1127400
022 D000003 1104
022 A000004 GOLDMAN, SACHS & CO.
022 B000004 13-5108880
022 C000004 824730
022 D000004 58688
022 A000005 STATE STREET BANK & TRUST COMPANY, N.A.
022 B000005 04-1867445
022 C000005 397100
022 D000005 0
022 A000006 VINNING-SPARKS IBG, LIMITED PARTNERSHIP
022 B000006 62-1445536
022 C000006 220522
022 D000006 80096
022 A000007 LEHMAN GOVERNMENT SECURITIES INC.
022 B000007 13-2726611
022 C000007 262019
022 D000007 27831
022 A000008 MYERBERG & COMPANY, L.P.
022 B000008 13-3751827
022 C000008 248812
022 D000008 0
022 A000009 DEAN WITTER REYNOLDS INC.
022 B000009 94-1671384
022 C000009 84875
022 D000009 1958
022 A000010 BEAR, STEARNS & CO. INC.
022 B000010 13-3299429
022 C000010 19256
022 D000010 33164
023 C000000 10744762
023 D000000 332204
024 000000 Y
025 A000001 TRAVELLERS GROUP, INC. (SMITH BARNEY INC.)
025 B000001 13-1912900
025 C000001 E
025 D000001 2748
025 A000002 SCHWAB (CHARLES) CORP
025 B000002 13-3046258
025 C000002 E
025 D000002 3415
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
<PAGE> PAGE 4
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 Y
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 2654
028 A020000 149740
028 A030000 0
028 A040000 13268
028 B010000 2397
028 B020000 0
028 B030000 0
028 B040000 15091
028 C010000 5248
028 C020000 0
028 C030000 0
028 C040000 9814
028 D010000 5497
028 D020000 0
028 D030000 0
028 D040000 11389
028 E010000 6137
028 E020000 0
028 E030000 0
028 E040000 8724
028 F010000 4901
028 F020000 0
028 F030000 0
028 F040000 15231
028 G010000 26834
028 G020000 149740
028 G030000 0
028 G040000 73517
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
<PAGE> PAGE 5
037 000000 N
038 000000 0
039 000000 N
040 000000 N
041 000000 N
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.005
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
<PAGE> PAGE 6
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 Y
061 000000 0
062 A000000 Y
062 B000000 11.9
062 C000000 5.0
062 D000000 0.9
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 23.3
062 N000000 4.1
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 56.9
063 A000000 0
063 B000000 8.1
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 Y
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
<PAGE> PAGE 7
070 G010000 N
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 Y
070 L020000 N
070 M010000 Y
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 722293
071 B000000 540565
071 C000000 929435
071 D000000 58
072 A000000 12
072 B000000 36864
072 C000000 5047
072 D000000 0
072 E000000 4
072 F000000 5719
072 G000000 0
072 H000000 0
072 I000000 722
072 J000000 115
072 K000000 24
072 L000000 12
072 M000000 15
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 28
072 S000000 10
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 83
<PAGE> PAGE 8
072 X000000 6728
072 Y000000 0
072 Z000000 35187
072AA000000 101704
072BB000000 0
072CC010000 30110
072CC020000 0
072DD010000 26826
072DD020000 0
072EE000000 122913
073 A010000 0.5500
073 A020000 0.0000
073 B000000 2.5200
073 C000000 0.0000
074 A000000 20
074 B000000 10702
074 C000000 202404
074 D000000 328121
074 E000000 0
074 F000000 680741
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 11419
074 K000000 0
074 L000000 6763
074 M000000 0
074 N000000 1240170
074 O000000 41626
074 P000000 678
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 1277
074 S000000 0
074 T000000 1196589
074 U010000 54069
074 U020000 0
074 V010000 22.13
074 V020000 0.00
074 W000000 0.0000
074 X000000 10
074 Y000000 0
075 A000000 0
075 B000000 1141015
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
<PAGE> PAGE 9
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 VIGILANT INSURANCE COMPANY
080 C000000 10000
081 A000000 Y
081 B000000 28
082 A000000 Y
082 B000000 100
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE JACK M. HOUSTON
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000819978
<NAME> VALUE LINE STRATEGIC ASSET MANAGEMENT TRUST
<MULTIPLIER> 1000
<CURRENCY> US
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 1037384
<INVESTMENTS-AT-VALUE> 1221968
<RECEIVABLES> 18182
<ASSETS-OTHER> 20
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1240170
<PAYABLE-FOR-SECURITIES> 41626
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1955
<TOTAL-LIABILITIES> 43581
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 875525
<SHARES-COMMON-STOCK> 54069
<SHARES-COMMON-PRIOR> 48986
<ACCUMULATED-NII-CURRENT> 35048
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 101432
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 184584
<NET-ASSETS> 1196589
<DIVIDEND-INCOME> 5047
<INTEREST-INCOME> 36864
<OTHER-INCOME> 0
<EXPENSES-NET> 6724
<NET-INVESTMENT-INCOME> 35187
<REALIZED-GAINS-CURRENT> 101704
<APPREC-INCREASE-CURRENT> 30110
<NET-CHANGE-FROM-OPS> 167001
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 26826
<DISTRIBUTIONS-OF-GAINS> 122913
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3118
<NUMBER-OF-SHARES-REDEEMED> 5084
<SHARES-REINVESTED> 7050
<NET-CHANGE-IN-ASSETS> 123805
<ACCUMULATED-NII-PRIOR> 26688
<ACCUMULATED-GAINS-PRIOR> 122642
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5719
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6728
<AVERAGE-NET-ASSETS> 1141015
<PER-SHARE-NAV-BEGIN> 21.90
<PER-SHARE-NII> .65
<PER-SHARE-GAIN-APPREC> 2.65
<PER-SHARE-DIVIDEND> .55
<PER-SHARE-DISTRIBUTIONS> 2.52
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 22.13
<EXPENSE-RATIO> 0.59
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
