N-Q 1 t61111f_nq.txt FORM N-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file Number 811-719 The Value Line Premier Growth Fund, Inc. ---------------------------------------- (Exact name of registrant as specified in charter) 220 East 42nd Street, New York, NY 10017 ---------------------------------------- David T. Henigson ----------------- (Name and address of agent for service) Registrant's telephone number, including area code: 212-907-1500 ------------ Date of fiscal year end: December 31, 2007 ----------------- Date of reporting period: September 30, 2007 ------------------ ITEM 1: SCHEDULE OF INVESTMENTS. A copy of Schedule of Investments for the period ended 9/30/07 is included with this Form. Value Line Premier Growth Fund, Inc. SCHEDULE OF INVESTMENTS (UNAUDITED) SEPTEMBER 30, 2007 -------------------------------------------------------------------------------- SHARES VALUE ----------------------------------------------------------------- COMMON STOCKS (96.6%) ADVERTISING (0.5%) 30,000 Focus Media Holding Ltd. ADR * $ 1,740,600 17,000 R.H. Donnelley Corp. * 952,340 --------------- 2,692,940 AEROSPACE/DEFENSE (3.0%) 12,000 Alliant Techsystems, Inc. * 1,311,600 36,000 BE Aerospace, Inc. * 1,495,080 13,000 Boeing Co. (The) 1,364,870 12,989 DRS Technologies, Inc. 715,954 15,600 General Dynamics Corp. 1,317,732 12,500 L-3 Communications Holdings, Inc. 1,276,750 11,000 Lockheed Martin Corp. 1,193,390 12,000 Northrop Grumman Corp. 936,000 23,800 Precision Castparts Corp. 3,521,924 18,400 Raytheon Co. 1,174,288 19,600 Rockwell Collins, Inc. 1,431,584 27,000 Teledyne Technologies, Inc. * 1,441,530 --------------- 17,180,702 AIR TRANSPORT (0.3%) 106,500 Lan Airlines S.A. ADR 1,709,325 APPAREL (1.4%) 36,000 Gildan Activewear, Inc. Class A * 1,418,040 46,000 Guess?, Inc. 2,255,380 30,000 Phillips-Van Heusen Corp. 1,574,400 19,800 Polo Ralph Lauren Corp. Class A 1,539,450 15,000 VF Corp. 1,211,250 --------------- 7,998,520 AUTO & TRUCK (0.4%) 21,000 Oshkosh Truck Corp. 1,301,370 8,000 Toyota Motor Corp. ADR 934,880 --------------- 2,236,250 AUTO PARTS (0.9%) 13,000 Autoliv, Inc. 776,750 16,000 BorgWarner, Inc. 1,464,480 20,000 Johnson Controls, Inc. 2,362,200 6,000 WABCO Holdings, Inc. 280,500 --------------- 4,883,930 BANK (1.9%) 68,800 Banco Bilbao Vizcaya Argentaria, S.A. ADR 1,601,664 35,000 Bancolombia S.A. ADR 1,212,750 25,000 Bank of Hawaii Corp. 1,321,250 24,000 Colonial BancGroup, Inc. (The) 518,880 32,000 ICICI Bank Ltd. ADR 1,687,040 12,200 Kookmin Bank ADR 1,000,278 5,600 M&T Bank Corp. 579,320 7,322 PNC Financial Services Group, Inc. 498,628 10,000 Unibanco - Uniao de Bancos Brasileiros S.A. GDR 1,315,500 30,000 Wells Fargo & Co. 1,068,600 --------------- 10,803,910 SHARES VALUE ----------------------------------------------------------------- BANK - CANADIAN (0.8%) 13,300 Bank of Montreal $ 870,884 22,100 Bank of Nova Scotia 1,160,250 8,200 Canadian Imperial Bank of Commerce 819,508 23,400 Royal Bank of Canada 1,299,168 7,400 Toronto-Dominion Bank (The) 567,432 --------------- 4,717,242 BANK - FOREIGN (0.8%) 65,500 Banco Itau Holding Financeira S.A. ADR 3,315,610 60,000 Banco Santander Central Hispano S.A. ADR 1,158,600 5,500 Banco Santander Chile S.A. ADR 278,135 --------------- 4,752,345 BANK - MIDWEST (0.5%) 18,690 Commerce Bancshares, Inc. 857,684 21,000 Marshall & Ilsley Corp. 919,170 17,900 Northern Trust Corp. 1,186,233 --------------- 2,963,087 BEVERAGE - SOFT DRINK (1.8%) 29,000 Companhia de Bebidas das Americas ADR 2,120,770 30,000 Fomento Economico Mexicano S.A.B. de C.V. ADR Unit 1 Ser. B 1,122,000 98,000 Hansen Natural Corp. * 5,554,640 17,000 PepsiCo, Inc. 1,245,420 --------------- 10,042,830 BIOTECHNOLOGY (0.3%) 18,000 Techne Corp. * 1,135,440 12,800 United Therapeutics Corp. * 851,712 --------------- 1,987,152 BUILDING MATERIALS (1.3%) 12,000 Fluor Corp. 1,727,760 2,000 Granite Construction, Inc. 106,040 40,000 Jacobs Engineering Group, Inc. * 3,023,200 24,000 Simpson Manufacturing Company, Inc. 764,400 18,300 Washington Group International, Inc. * 1,606,923 --------------- 7,228,323 CABLE TV (0.7%) 41,000 DIRECTV Group, Inc. (The) * 995,480 37,800 Rogers Communications, Inc. Class B 1,721,034 59,000 Shaw Communications, Inc. Class B 1,465,560 --------------- 4,182,074 CANADIAN ENERGY (0.9%) 46,000 Nexen, Inc. 1,404,840 7,000 Petro-Canada 401,730 19,000 Suncor Energy, Inc. 1,801,390 17,000 Talisman Energy, Inc. 334,900 26,000 TransCanada Corp. 951,860 --------------- 4,894,720 CEMENT & AGGREGATES (0.7%) 30,736 Cemex S.A. de C.V. ADR * 919,621 4,650 Florida Rock Industries, Inc. 290,579 12,000 Martin Marietta Materials, Inc. 1,602,600 1 Value Line Premier Growth Fund, Inc. SEPTEMBER 30, 2007 -------------------------------------------------------------------------------- SHARES VALUE ----------------------------------------------------------------- 11,000 Vulcan Materials Co. $ 980,650 --------------- 3,793,450 CHEMICAL - BASIC (0.3%) 14,000 Potash Corporation of Saskatchewan, Inc. 1,479,800 CHEMICAL - DIVERSIFIED (1.6%) 15,000 Air Products & Chemicals, Inc. 1,466,400 44,000 Albemarle Corp. 1,944,800 16,000 Bayer AG ADR 1,269,600 8,000 FMC Corp. 416,160 28,000 Monsanto Co. 2,400,720 25,000 Pall Corp. 972,500 4,600 Veolia Environnement ADR 396,244 --------------- 8,866,424 CHEMICAL - SPECIALTY (1.8%) 29,000 Airgas, Inc. 1,497,270 26,000 Ecolab, Inc. 1,227,200 15,000 H.B. Fuller Co. 445,200 10,000 Lubrizol Corp. (The) 650,600 30,000 Praxair, Inc. 2,512,800 16,000 Sherwin-Williams Co. (The) 1,051,360 30,000 Sigma-Aldrich Corp. 1,462,200 36,800 Syngenta AG ADR 1,594,544 --------------- 10,441,174 COMPUTER & PERIPHERALS (0.8%) 62,000 EMC Corp. * 1,289,600 32,000 Hewlett-Packard Co. 1,593,280 18,600 MICROS Systems, Inc. * 1,210,302 7,000 Riverbed Technology, Inc. * 282,730 --------------- 4,375,912 COMPUTER SOFTWARE & SERVICES (2.8%) 28,000 Accenture Ltd. Class A 1,127,000 60,000 ANSYS, Inc. * 2,050,200 50,000 Cognizant Technology Solutions Corp. Class A * 3,988,500 17,000 DST Systems, Inc. * 1,458,770 28,400 Infosys Technologies Ltd. ADR 1,374,276 18,000 NAVTEQ Corp. * 1,403,460 52,000 Oracle Corp. * 1,125,800 42,000 Satyam Computer Services Ltd. ADR 1,087,380 34,000 SEI Investments Co. 927,520 29,000 VeriFone Holdings, Inc. * 1,285,570 --------------- 15,828,476 DIVERSIFIED COMPANIES (3.6%) 85,000 ABB Ltd. ADR 2,229,550 24,000 Acuity Brands, Inc. 1,211,520 19,300 American Standard Companies, Inc. 687,466 33,000 AMETEK, Inc. 1,426,260 11,000 Barnes Group, Inc. 351,120 18,300 Brink's Co. (The) 1,022,604 34,875 Brookfield Asset Management, Inc. Class A 1,342,687 16,000 Danaher Corp. 1,323,360 24,000 ESCO Technologies, Inc. * 797,760 19,000 Honeywell International, Inc. 1,129,930 SHARES VALUE ----------------------------------------------------------------- 17,200 ITT Corp. $ 1,168,396 55,500 McDermott International, Inc. * 3,001,440 10,000 SPX Corp. 925,600 19,000 Textron, Inc. 1,181,990 17,000 United Technologies Corp. 1,368,160 13,700 Valmont Industries, Inc. 1,162,445 --------------- 20,330,288 DRUG (2.3%) 28,000 Alexion Pharmaceuticals, Inc. * 1,824,200 17,200 Allergan, Inc. 1,108,884 52,000 Celgene Corp. * 3,708,120 18,400 Covance, Inc. * 1,433,360 42,000 Gilead Sciences, Inc. * 1,716,540 24,500 Immucor, Inc. * 875,875 8,400 Novo Nordisk A/S ADR 1,016,736 32,000 Pharmaceutical Product Development, Inc. 1,134,080 11,000 Pharmion Corp. * 507,540 --------------- 13,325,335 E-COMMERCE (0.3%) 4,000 Ctrip.com International Ltd. ADR 207,200 30,000 Salesforce.com, Inc. * 1,539,600 --------------- 1,746,800 EDUCATIONAL SERVICES (0.6%) 6,000 Blackboard, Inc. * 275,040 15,500 ITT Educational Services, Inc. * 1,886,195 6,000 Strayer Education, Inc. 1,011,780 --------------- 3,173,015 ELECTRICAL EQUIPMENT (2.5%) 24,000 Baldor Electric Co. 958,800 23,200 Cooper Industries Ltd. Class A 1,185,288 24,000 Emerson Electric Co. 1,277,280 22,000 FLIR Systems, Inc. * 1,218,580 24,000 Garmin Ltd. 2,865,600 27,000 General Cable Corp. * 1,812,240 17,000 Harman International Industries, Inc. 1,470,840 21,500 Thomas & Betts Corp. * 1,260,760 41,600 Trimble Navigation Ltd. * 1,631,136 15,700 WESCO International, Inc. * 674,158 --------------- 14,354,682 ELECTRICAL UTILITY - CENTRAL (0.7%) 13,000 Entergy Corp. 1,407,770 34,000 TXU Corp. 2,327,980 --------------- 3,735,750 ELECTRICAL UTILITY - EAST (0.4%) 18,000 Exelon Corp. 1,356,480 17,000 FirstEnergy Corp. 1,076,780 --------------- 2,433,260 ELECTRICAL UTILITY - WEST (0.2%) 18,500 Sempra Energy 1,075,220 2 Value Line Premier Growth Fund, Inc. SCHEDULE OF INVESTMENTS (UNAUDITED) SEPTEMBER 30, 2007 -------------------------------------------------------------------------------- SHARES VALUE ----------------------------------------------------------------- ELECTRONICS (1.0%) 40,800 Amphenol Corp. Class A $ 1,622,208 29,550 Diodes, Inc. * 948,555 26,500 Harris Corp. 1,531,435 31,000 MEMC Electronic Materials, Inc. * 1,824,660 --------------- 5,926,858 ENTERTAINMENT (0.2%) 15,100 Central European Media Enterprises Ltd. Class A * 1,384,821 ENTERTAINMENT TECHNOLOGY (0.3%) 29,000 Dolby Laboratories, Inc. Class A * 1,009,780 26,000 Scientific Games Corp. Class A * 977,600 --------------- 1,987,380 ENVIRONMENTAL (0.8%) 37,500 Republic Services, Inc. 1,226,625 36,600 Stericycle, Inc. * 2,092,056 37,800 Waste Connections, Inc. * 1,200,528 --------------- 4,519,209 FINANCIAL SERVICES - DIVERSIFIED (3.8%) 12,000 Affiliated Managers Group, Inc. * 1,530,120 12,000 Ambac Financial Group, Inc. 754,920 15,500 American Express Co. 920,235 20,000 Barclays PLC ADR 972,400 10,700 BlackRock, Inc. Class A 1,855,487 19,000 CIT Group, Inc. 763,800 2,000 Credicorp Ltd. 135,400 5,000 Credit Suisse Group ADR 331,650 34,000 Eaton Vance Corp. 1,358,640 15,961 Fidelity National Information Services, Inc. 708,190 9,000 Franklin Resources, Inc. 1,147,500 18,300 HDFC Bank Ltd. ADR 1,960,479 38,000 Leucadia National Corp. 1,832,360 24,000 Loews Corp. 1,160,400 9,300 MasterCard, Inc. Class A 1,376,121 23,000 Nuveen Investments, Inc. Class A 1,424,620 19,000 Principal Financial Group, Inc. 1,198,710 21,000 ProAssurance Corp. * 1,131,270 24,000 T. Rowe Price Group, Inc. 1,336,560 --------------- 21,898,862 FOOD PROCESSING (1.5%) 7,400 Bunge Ltd. 795,130 24,000 Dean Foods Co. 613,920 56,250 Flowers Foods, Inc. 1,226,250 60,600 Groupe Danone ADR 951,420 27,000 Hormel Foods Corp. 966,060 11,000 McCormick & Company, Inc. 395,670 20,000 Ralcorp Holdings, Inc. * 1,116,400 35,400 Unilever PLC ADR 1,121,118 SHARES VALUE ----------------------------------------------------------------- 19,000 Wm. Wrigley Jr. Co. $ 1,220,370 --------------- 8,406,338 FOREIGN TELECOMMUNICATIONS (0.8%) 34,000 America Movil SAB de C.V. Ser. L ADR 2,176,000 25,600 PT Telekomunikasi Indonesia ADR 1,249,792 34,000 Telefonos de Mexico S.A. de C.V. ADR 1,117,580 --------------- 4,543,372 HEALTH CARE INFORMATION SYSTEMS (0.4%) 46,000 Allscripts Healthcare Solutions, Inc. * 1,243,380 20,500 Cerner Corp. * 1,226,105 --------------- 2,469,485 HOME APPLIANCES (0.4%) 40,000 Toro Co. (The) 2,353,200 HOME BUILDING (0.2%) 25,600 Forest City Enterprises, Inc. Class A 1,412,096 HOTEL/GAMING (2.2%) 7,000 Boyd Gaming Corp. 299,950 19,200 Gaylord Entertainment Co. * 1,021,824 1,678 InterContinental Hotels Group PLC ADR 33,325 27,000 International Game Technology 1,163,700 24,500 Marriott International, Inc. Class A 1,065,015 10,000 MGM MIRAGE * 894,400 64,000 Penn National Gaming, Inc. * 3,777,280 23,000 Station Casinos, Inc. 2,012,040 18,000 Vail Resorts, Inc. * 1,121,220 30,300 Wyndham Worldwide Corp. 992,628 --------------- 12,381,382 HOUSEHOLD PRODUCTS (0.7%) 24,200 Church & Dwight Company, Inc. 1,138,368 16,000 Energizer Holdings, Inc. * 1,773,600 22,000 Scotts Miracle-Gro Co. (The) Class A 940,500 --------------- 3,852,468 HUMAN RESOURCES (0.3%) 5,000 Manpower, Inc. 321,750 25,300 Watson Wyatt Worldwide, Inc. Class A 1,136,982 --------------- 1,458,732 INDUSTRIAL SERVICES (2.5%) 16,250 Aaron Rents, Inc. Class B 362,375 30,000 C.H. Robinson Worldwide, Inc. 1,628,700 48,000 CB Richard Ellis Group, Inc. Class A * 1,336,320 63,000 Corrections Corp. of America * 1,648,710 40,000 EMCOR Group, Inc. * 1,254,400 24,000 Expeditors International of Washington, Inc. 1,135,200 29,000 FTI Consulting, Inc. * 1,458,990 42,000 Geo Group, Inc. (The) * 1,243,620 34,500 Iron Mountain, Inc. * 1,051,560 3 Value Line Premier Growth Fund, Inc. SEPTEMBER 30, 2007 -------------------------------------------------------------------------------- SHARES VALUE ----------------------------------------------------------------- 21,400 Laidlaw International, Inc. $ 753,708 36,000 Quanta Services, Inc. * 952,200 22,400 URS Corp. * 1,264,480 --------------- 14,090,263 INFORMATION SERVICES (1.3%) 19,000 Alliance Data Systems Corp. * 1,471,360 14,000 Dun & Bradstreet Corp. (The) 1,380,540 28,000 Equifax, Inc. 1,067,360 21,000 FactSet Research Systems, Inc. 1,439,550 7,000 Gartner, Inc. * 171,220 22,600 IHS, Inc. Class A * 1,276,674 16,000 Moody's Corp. 806,400 --------------- 7,613,104 INSURANCE - LIFE (1.2%) 20,600 AFLAC, Inc. 1,175,024 28,650 Delphi Financial Group, Inc. Class A 1,158,033 34,000 Manulife Financial Corp. 1,402,840 20,000 MetLife, Inc. 1,394,600 11,700 Prudential Financial, Inc. 1,141,686 6,000 Torchmark Corp. 373,920 --------------- 6,646,103 INSURANCE - PROPERTY & CASUALTY (2.2%) 19,000 ACE Ltd. 1,150,830 30,000 American Financial Group, Inc. 855,600 15,000 Arch Capital Group Ltd. * 1,116,150 25,000 Assurant, Inc. 1,337,500 20,000 Chubb Corp. (The) 1,072,800 15,117 Fidelity National Financial, Inc. Class A 264,245 33,750 HCC Insurance Holdings, Inc. 966,600 3,000 Markel Corp. * 1,452,000 17,800 RLI Corp. 1,009,616 16,500 SAFECO Corp. 1,010,130 24,100 Sun Life Financial, Inc. 1,264,045 23,550 Zenith National Insurance Corp. 1,057,160 --------------- 12,556,676 INTERNET (0.6%) 5,000 Google, Inc. Class A * 2,836,350 13,000 Nutri/System, Inc. * 609,570 --------------- 3,445,920 MACHINERY (4.6%) 14,000 Caterpillar, Inc. 1,098,020 33,700 CNH Global N.V. 2,046,938 9,700 Cummins, Inc. 1,240,533 11,300 Curtiss-Wright Corp. 536,750 9,600 Deere & Co. 1,424,832 18,000 Flowserve Corp. 1,371,240 21,300 Foster Wheeler Ltd. * 2,796,264 33,400 Gardner Denver, Inc. * 1,302,600 28,125 Graco, Inc. 1,099,969 29,850 IDEX Corp. 1,086,241 21,000 Kaydon Corp. 1,091,790 17,000 Lennox International, Inc. 574,600 62,000 Manitowoc Company, Inc. (The) 2,745,360 20,600 MSC Industrial Direct Co., Inc. Class A 1,042,154 SHARES VALUE ----------------------------------------------------------------- 22,000 Regal-Beloit Corp. $ 1,053,580 26,000 Roper Industries, Inc. 1,703,000 21,000 Snap-on, Inc. 1,040,340 31,200 Terex Corp. * 2,777,424 --------------- 26,031,635 MARITIME (0.3%) 34,000 Kirby Corp. * 1,500,760 MEDICAL SERVICES (3.7%) 15,000 Amedisys, Inc. * 576,300 20,700 Coventry Health Care, Inc. * 1,287,747 24,000 DaVita, Inc. * 1,516,320 7,200 Fresenius Medical Care AG & Co. KGaA ADR 382,032 23,000 Healthways, Inc. * 1,241,310 23,000 Humana, Inc. * 1,607,240 36,000 inVentiv Health, Inc. * 1,577,520 17,000 Laboratory Corporation of America Holdings * 1,329,910 22,000 Manor Care, Inc. 1,416,800 21,000 Pediatrix Medical Group, Inc. * 1,373,820 42,400 Psychiatric Solutions, Inc. * 1,665,472 36,000 Sierra Health Services, Inc. * 1,518,840 27,300 Sunrise Senior Living, Inc. * 965,601 34,400 VCA Antech, Inc. * 1,436,200 15,000 WellCare Health Plans, Inc. * 1,581,450 23,630 WellPoint, Inc. * 1,864,880 --------------- 21,341,442 MEDICAL SUPPLIES (6.1%) 8,000 Alcon, Inc. 1,151,360 20,000 AmerisourceBergen Corp. 906,600 25,000 ArthroCare Corp. * 1,397,250 12,200 Bard (C.R.), Inc. 1,075,918 21,000 Baxter International, Inc. 1,181,880 14,500 Becton Dickinson & Co. 1,189,725 14,600 Cytyc Corp. * 695,690 32,000 Dade Behring Holdings, Inc. 2,443,200 37,000 DENTSPLY International, Inc. 1,540,680 21,800 DJO, Inc. * 1,070,380 4,600 Haemonetics Corp. * 227,332 56,000 Henry Schein, Inc. * 3,407,040 41,600 Hologic, Inc. * 2,537,600 12,000 IDEXX Laboratories, Inc. * 1,315,080 25,600 Illumina, Inc. * 1,328,128 24,000 Intuitive Surgical, Inc. * 5,520,000 2,500 Inverness Medical Innovations, Inc. * 138,300 23,000 Kyphon, Inc. * 1,610,000 18,000 McKesson Corp. 1,058,220 27,000 Owens & Minor, Inc. 1,028,430 26,000 PolyMedica Corp. 1,365,520 34,000 Respironics, Inc. * 1,633,020 20,400 West Pharmaceutical Services, Inc. 849,864 --------------- 34,671,217 METALS & MINING DIVERSIFIED (0.5%) 27,000 Allegheny Technologies, Inc. 2,968,650 4 Value Line Premier Growth Fund, Inc. SCHEDULE OF INVESTMENTS (UNAUDITED) SEPTEMBER 30, 2007 -------------------------------------------------------------------------------- SHARES VALUE ----------------------------------------------------------------- METALS FABRICATING (0.3%) 26,000 Harsco Corp. $ 1,541,020 NATURAL GAS - DISTRIBUTION (0.7%) 18,000 AGL Resources, Inc. 713,160 15,800 BG Group PLC ADR 1,351,690 33,600 Southern Union Co. 1,045,296 31,000 UGI Corp. 805,380 --------------- 3,915,526 NATURAL GAS - DIVERSIFIED (1.6%) 32,000 Energen Corp. 1,827,840 20,000 Equitable Resources, Inc. 1,037,400 24,000 National Fuel Gas Co. 1,123,440 20,000 Questar Corp. 1,050,600 40,000 Southwestern Energy Co. * 1,674,000 42,776 XTO Energy, Inc. 2,645,268 --------------- 9,358,548 NEWSPAPER (0.2%) 60,000 News Corp. Class B 1,403,400 OILFIELD SERVICES/EQUIPMENT (0.9%) 10,500 Core Laboratories N.V. * 1,337,595 14,600 Exterran Holdings, Inc. * 1,172,964 44,000 FMC Technologies, Inc. * 2,537,040 --------------- 5,047,599 PACKAGING & CONTAINER (0.9%) 30,700 AptarGroup, Inc. 1,162,609 7,000 Ball Corp. 376,250 34,000 CLARCOR, Inc. 1,163,140 18,500 Greif, Inc. Class A 1,122,580 30,000 Owens-Illinois, Inc. * 1,243,500 --------------- 5,068,079 PETROLEUM - INTEGRATED (0.8%) 7,000 BASF AG ADR 960,120 32,000 Petroleo Brasileiro S.A. - Petrobras ADR 2,416,000 32,000 Tesoro Corp. 1,472,640 --------------- 4,848,760 PETROLEUM - PRODUCING (1.4%) 8,600 CNOOC Ltd. ADR 1,431,298 66,000 Range Resources Corp. 2,683,560 77,500 Tenaris S.A. ADR 4,078,050 --------------- 8,192,908 PHARMACY SERVICES (1.0%) 28,000 CVS Caremark Corp. 1,109,640 40,000 Express Scripts, Inc. * 2,232,800 22,000 Longs Drug Stores Corp. 1,092,740 SHARES VALUE ----------------------------------------------------------------- 15,000 Medco Health Solutions, Inc. * $ 1,355,850 --------------- 5,791,030 POWER (0.6%) 49,000 AES Corp. (The) * 981,960 58,000 Covanta Holding Corp. * 1,421,580 43,000 Reliant Energy, Inc. * 1,100,800 --------------- 3,504,340 PRECISION INSTRUMENT (1.0%) 18,300 Applera Corporation - Applied Biosystems Group 633,912 15,400 Mettler Toledo International, Inc. * 1,570,800 38,000 Thermo Fisher Scientific, Inc. * 2,193,360 19,000 Waters Corp. * 1,271,480 --------------- 5,669,552 PUBLISHING (0.2%) 17,000 McGraw-Hill Companies, Inc. (The) 865,470 R.E.I.T. (1.5%) 9,200 AvalonBay Communities, Inc. 1,086,152 16,000 BRE Properties, Inc. 894,880 37,000 Brookfield Properties Co. 921,300 9,400 Essex Property Trust, Inc. 1,105,158 10,000 General Growth Properties, Inc. 536,200 7,958 Host Hotels & Resorts, Inc. 178,578 24,000 LaSalle Hotel Properties 1,009,920 21,000 ProLogis 1,393,350 4,000 SL Green Realty Corp. 467,080 16,000 Starwood Hotels & Resorts Worldwide, Inc. 972,000 --------------- 8,564,618 RAILROAD (1.1%) 13,500 Burlington Northern Santa Fe Corp. ,095,795 22,900 Canadian National Railway Co. 1,305,300 19,000 Canadian Pacific Railway Ltd. 1,335,510 41,000 Kansas City Southern * 1,318,970 20,000 Norfolk Southern Corp. 1,038,200 --------------- 6,093,775 RECREATION (0.1%) 29,000 Pool Corp. 724,420 RESTAURANT (1.2%) 27,000 Darden Restaurants, Inc. 1,130,220 126,562 Sonic Corp. * 2,961,551 24,376 Tim Hortons, Inc. 849,503 18,000 Wendy's International, Inc. 628,380 34,000 Yum! Brands, Inc. 1,150,220 --------------- 6,719,874 RETAIL - AUTOMOTIVE (0.4%) 8,400 AutoZone, Inc. * 975,576 5 Value Line Premier Growth Fund, Inc. SEPTEMBER 30, 2007 -------------------------------------------------------------------------------- SHARES VALUE ----------------------------------------------------------------- 33,600 O'Reilly Automotive, Inc. * $ 1,122,576 --------------- 2,098,152 RETAIL - SPECIAL LINES (1.4%) 45,000 Coach, Inc. * 2,127,150 22,500 Dick's Sporting Goods, Inc. * 1,510,875 26,400 Dress Barn, Inc. (The) * 449,064 44,000 GameStop Corp. Class A * 2,479,400 30,000 Men's Wearhouse, Inc. (The) 1,515,600 --------------- 8,082,089 RETAIL BUILDING SUPPLY (0.3%) 28,000 Fastenal Co. 1,271,480 8,700 Watsco, Inc. 403,941 --------------- 1,675,421 RETAIL STORE (0.5%) 20,000 J.C. Penney Company, Inc. 1,267,400 33,000 Nordstrom, Inc. 1,547,370 --------------- 2,814,770 SECURITIES BROKERAGE (1.5%) 8,000 Bear Stearns Companies, Inc. (The) 982,480 2,200 CME Group, Inc. 1,292,170 6,200 Goldman Sachs Group, Inc. (The) 1,343,788 28,000 Investment Technology Group, Inc. * 1,203,440 27,000 Jefferies Group, Inc. 751,410 13,000 Merrill Lynch & Co., Inc. 926,640 12,300 Morgan Stanley 774,900 33,000 Raymond James Financial, Inc. 1,084,050 --------------- 8,358,878 SEMICONDUCTOR (0.4%) 21,000 FormFactor, Inc. * 931,770 37,500 NVIDIA Corp. * 1,359,000 --------------- 2,290,770 SHOE (0.8%) 13,000 Deckers Outdoor Corp. * 1,427,400 15,200 Genesco, Inc. * 701,176 20,000 NIKE, Inc. Class B 1,173,200 26,000 Steven Madden Ltd. 492,700 35,000 Wolverine World Wide, Inc. 959,000 --------------- 4,753,476 STEEL - GENERAL (0.6%) 11,000 Carpenter Technology Corp. 1,430,110 14,000 Commercial Metals Co. 443,100 22,000 Nucor Corp. 1,308,340 --------------- 3,181,550 TELECOMMUNICATION SERVICES (3.6%) 35,750 American Tower Corp. Class A * 1,556,555 29,000 AT&T, Inc. 1,226,990 17,300 BT Group PLC ADR 1,086,959 21,000 CenturyTel, Inc. 970,620 50,877 Crown Castle International Corp. * 2,067,132 SHARES VALUE ----------------------------------------------------------------- 8,000 Embarq Corp. $ 444,800 16,000 Equinix, Inc. * 1,419,040 14,500 Millicom International Cellular S.A. * 1,216,550 20,000 Mobile TeleSystems ADR 1,386,200 39,000 NII Holdings, Inc. * 3,203,850 19,500 Philippine Long Distance Telephone Co. ADR 1,254,630 50,300 Time Warner Telecom, Inc. Class A * 1,105,091 127,500 Vimpel-Communications ADR 3,447,600 --------------- 20,386,017 TELECOMMUNICATIONS EQUIPMENT (1.0%) 22,700 Anixter International, Inc. * 1,871,615 30,000 Ciena Corp. * 1,142,400 35,000 Cisco Systems, Inc. * 1,158,850 34,000 CommScope, Inc. * 1,708,160 --------------- 5,881,025 THRIFT (0.5%) 16,000 FirstFed Financial Corp. * 792,800 89,768 Hudson City Bancorp, Inc. 1,380,632 47,250 People's United Financial, Inc. 816,480 --------------- 2,989,912 TIRE & RUBBER (0.2%) 24,400 Carlisle Companies, Inc. 1,185,840 TOBACCO (0.4%) 16,000 Altria Group, Inc. 1,112,480 17,000 British American Tobacco PLC ADR 1,223,660 --------------- 2,336,140 TOILETRIES & COSMETICS (0.2%) 34,800 Luxottica Group S.p.A. ADR 1,179,720 TRUCKING (0.7%) 29,000 Hunt (J.B.) Transport Services, Inc. 762,700 4,700 Knight Transportation, Inc. 80,887 76,000 Landstar System, Inc. 3,189,720 --------------- 4,033,307 WATER UTILITY (0.2%) 27,600 Cia de Saneamento Basico do Estado de Sao Paulo ADR 1,363,440 WIRELESS NETWORKING (0.7%) 12,700 Itron, Inc. * 1,181,989 15,900 Research In Motion Ltd. * 1,566,945 43,000 SBA Communications Corp. Class A * 1,517,039 --------------- 4,265,973 6 Value Line Premier Growth Fund, Inc. SCHEDULE OF INVESTMENTS (UNAUDITED) -------------------------------------------------------------------------------- TOTAL COMMON STOCKS AND TOTAL INVESTMENT SECURITIES (96.6%) (COST $330,704,063) 550,878,308 --------------- PRINCIPAL AMOUNT VALUE ----------------------------------------------------------------- REPURCHASE AGREEMENTS (1) (2.9%) $ 16,700,000 With Morgan Stanley, 3.80%, dated 9/28/07, due 10/1/07, delivery value $16,705,288 (collateralized by $12,580,000 U.S. Treasury Notes 8.50%, due 2/15/20, with a value of $17,014,535) $ 16,700,000 --------------- TOTAL REPURCHASE AGREEMENTS (COST $16,700,000) 16,700,000 --------------- CASH AND OTHER ASSETS IN EXCESS OF LIABILITIES (0.5%) 2,740,953 --------------- NET ASSETS (100.0%) $ 570,319,261 --------------- NET ASSET VALUE OFFERING AND REDEMPTION PRICE, PER OUTSTANDING SHARE ($570,319,261 / 18,209,634 SHARES OUTSTANDING) $ 31.32 --------------- * Non-income producing. (1) The Fund's custodian takes possession of the underlying collateral securities, the value of which exceeds the principal amount of the repurchase transaction, including accrued interest. ADR American Depositary Receipt GDR Global Depositary Receipt The Fund's unrealized appreciation/(depreciation) as of September 30, 2007 was as follows: TOTAL NET UNREALIZED TOTAL COST APPRECIATION DEPRECIATION APPRECIATION ---------------------------------------------------------------------- $347,404,063 $224,001,801 $(3,827,556) $220,174,245 7 ITEM 2. CONTROLS AND PROCEDURES. (a) The registrant's principal executive officer and principal financial officer have concluded that the registrant's disclosure controls and procedures (as defined in rule 30a-2(c) under the Act (17 CFR 270.30a-2(c) ) based on their evaluation of these controls and procedures as of the date within 90 days of filing date of this report, are approximately designed to ensure that material information relating to the registrant is made known to such officers and are operating effectively. (b) The registrant's principal executive officer and principal financial officer have determined that there have been no significant changes in the registrant's internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including corrective actions with regard to significant deficiencies and material weaknesses. ITEM 3. EXHIBITS: (a) Certifications of principal executive officer and principal financial officer of the registrant. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. By /s/ Jean B. Buttner -------------------------------- Jean B. Buttner, President Date: November 29, 2007 ----------------- Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/ Jean B. Buttner -------------------------------------------- Jean B. Buttner, President, Principal Executive Officer By: /s/ Stephen R. Anastasio ----------------------------------------------------------- Stephen R. Anastasio, Treasurer, Principal Financial Officer Date: November 29, 2007 -----------------