-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BnZj3wTDqSjBzVvXEiDq9Lho1yMclEpN9hJhbZb+vlNR+wO+fIVMCWMTWkSRPhI5 RaiN6dr/FHQxI4UPfiDRAg== 0001188112-08-001813.txt : 20080530 0001188112-08-001813.hdr.sgml : 20080530 20080530111521 ACCESSION NUMBER: 0001188112-08-001813 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080331 FILED AS OF DATE: 20080530 DATE AS OF CHANGE: 20080530 EFFECTIVENESS DATE: 20080530 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Value Line Premier Growth Fund, Inc. CENTRAL INDEX KEY: 0000102767 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-02278 FILM NUMBER: 08868953 BUSINESS ADDRESS: STREET 1: 220 E 42ND ST CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2126873965 MAIL ADDRESS: STREET 1: 220 E 42ND ST CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: VALUE LINE SPECIAL SITUATIONS FUND INC DATE OF NAME CHANGE: 19920703 0000102767 S000007574 Value Line Premier Growth Fund, Inc. C000020639 Value Line Premier Growth Fund, Inc. VALSX N-Q 1 t62886g_nq.htm FORM N-Q t62886g_nq.htm
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
(Address of principal executive offices) (Zip Code)

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, 2008

Date of reporting period: March 31, 2008

Item 1: Schedule of Investments.
A copy of Schedule of Investments for the period ended 3/31/08 is included with this Form.
 
 
Value Line Premier Growth Fund, Inc.
              
                   
Schedule of Investments (unaudited)
  
March 31, 2008
 
Shares
    
Value
  
         
COMMON STOCKS  (96.4%)
      
 
ADVERTISING  (0.2%)
      
30,000  
Focus Media Holding Ltd. ADR *
   $ 1,054,500  
   
AEROSPACE/DEFENSE  (3.6%)
        
12,000  
Alliant Techsystems, Inc.  *
     1,242,360  
36,000  
BE Aerospace, Inc.  *
     1,258,200  
13,000  
Boeing Co. (The)
     966,810  
20,989  
DRS Technologies, Inc.
     1,223,239  
20,000  
Esterline Technologies Corp.  *
     1,007,400  
15,600  
General Dynamics Corp.
     1,300,572  
17,400  
Goodrich Corp.
     1,000,674  
12,500  
L-3 Communications Holdings, Inc.
     1,366,750  
11,000  
Lockheed Martin Corp.
     1,092,300  
15,000  
Northrop Grumman Corp.
     1,167,150  
42,000  
Orbital Sciences Corp.  *
     1,012,200  
23,800  
Precision Castparts Corp.
     2,429,504  
18,400  
Raytheon Co.
     1,188,824  
19,600  
Rockwell Collins, Inc.
     1,120,140  
27,000  
Teledyne Technologies, Inc.  *
     1,269,000  
          18,645,123  
             
   
AIR TRANSPORT  (0.3%)
        
106,500  
Lan Airlines S.A. ADR
     1,503,780  
   
APPAREL  (1.3%)
        
36,000  
Gildan Activewear, Inc. Class A *
     1,344,960  
46,000  
Guess?, Inc.
     1,861,620  
30,000  
Phillips-Van Heusen Corp.
     1,137,600  
15,000  
VF Corp.
     1,162,650  
26,500  
Warnaco Group, Inc. (The)  *
     1,045,160  
          6,551,990  
             
   
AUTO PARTS  (1.0%)
        
13,000  
Autoliv, Inc.
     652,600  
32,000  
BorgWarner, Inc.
     1,376,960  
60,000  
Johnson Controls, Inc.
     2,028,000  
56,000  
LKQ Corp.  *
     1,258,320  
          5,315,880  
             
   
BANK  (0.8%)
        
25,000  
Bank of Hawaii Corp.
     1,239,000  
21,000  
Marshall & Ilsley Corp.
     487,200  
7,322  
PNC Financial Services Group, Inc.
     480,104  
13,300  
State Street Corp.
     1,050,700  
30,000  
Wells Fargo & Co.
     873,000  
          4,130,004  
             
   
BANK - CANADIAN  (0.7%)
        
13,300  
Bank of Montreal
     595,973  
22,100  
Bank of Nova Scotia
     999,141  
8,200  
Canadian Imperial Bank of Commerce
     528,080  
23,400  
Royal Bank of Canada
     1,088,100  
7,400  
Toronto-Dominion Bank (The)
     453,990  
          3,665,284  
             
   
BANK - FOREIGN  (2.0%)
        
68,800  
Banco Bilbao Vizcaya Argentaria, S.A. ADR
     1,512,912  
131,000  
Banco Itau Holding Financeira S.A. ADR
     2,981,560  
 
Shares
      
Value
  
           
60,000  
Banco Santander Central Hispano S.A. ADR
   $ 1,196,400  
5,500  
Banco Santander Chile S.A. ADR
     287,430  
35,000  
Bancolombia S.A. ADR
     1,241,100  
32,000  
ICICI Bank Ltd. ADR
     1,222,080  
12,200  
Kookmin Bank ADR
     683,810  
10,000  
Unibanco - Uniao de Bancos Brasileiros S.A. GDR
     1,166,400  
          10,291,692  
             
   
BANK - MIDWEST  (0.3%)
        
8,389  
Commerce Bancshares, Inc.
     352,590  
17,900  
Northern Trust Corp.
     1,189,813  
          1,542,403  
             
   
BEVERAGE - SOFT DRINK  (1.7%)
        
19,000  
Coca-Cola Co. (The)
     1,156,530  
7,000  
Coca-Cola Femsa, S.A.B. de C.V. ADR
     394,310  
29,000  
Companhia de Bebidas das Americas ADR
     2,190,950  
20,000  
Fomento Economico Mexicano S.A.B. de C.V. ADR
     835,600  
88,000  
Hansen Natural Corp.  *
     3,106,400  
17,000  
PepsiCo, Inc.
     1,227,400  
          8,911,190  
             
   
BIOTECHNOLOGY  (0.5%)
        
18,000  
Techne Corp.  *
     1,212,480  
12,800  
United Therapeutics Corp.  *
     1,109,760  
          2,322,240  
             
   
BUILDING MATERIALS  (1.1%)
        
10,800  
Ameron International Corp.
     1,010,124  
12,000  
Fluor Corp.
     1,693,920  
40,000  
Jacobs Engineering Group, Inc.  *
     2,943,600  
          5,647,644  
             
   
CABLE TV  (0.7%)
        
41,000  
DIRECTV Group, Inc. (The)  *
     1,016,390  
37,800  
Rogers Communications, Inc. Class B
     1,357,776  
59,000  
Shaw Communications, Inc. Class B
     1,072,620  
          3,446,786  
             
   
CANADIAN ENERGY  (0.8%)
        
20,000  
Nexen, Inc.
     592,200  
7,000  
Petro-Canada
     303,870  
19,000  
Suncor Energy, Inc.
     1,830,650  
17,000  
Talisman Energy, Inc.
     300,900  
26,000  
TransCanada Corp.
     1,001,780  
          4,029,400  
             
   
CHEMICAL - BASIC  (0.9%)
        
21,000  
Agrium, Inc.
     1,304,310  
28,000  
Celanese Corp. Series A
     1,093,400  
14,000  
Potash Corporation of Saskatchewan, Inc.
     2,172,940  
          4,570,650  
             
   
CHEMICAL - DIVERSIFIED  (2.0%)
        
15,000  
Air Products & Chemicals, Inc.
     1,380,000  
44,000  
Albemarle Corp.
     1,606,880  
16,000  
Bayer AG ADR
     1,282,400  
5,000  
Cytec Industries, Inc.
     269,250  
22,000  
FMC Corp.
     1,220,780  

1

               
Value Line Premier Growth Fund, Inc.
                     
                     
               
March 31, 2008
 
Shares
      
Value
  
           
28,000  
Monsanto Co.
   $ 3,122,000  
25,000  
Pall Corp.
     876,750  
10,000  
Veolia Environnement ADR
     699,300  
          10,457,360  
             
   
CHEMICAL - SPECIALTY  (2.8%)
        
29,000  
Airgas, Inc.
     1,318,630  
11,400  
CF Industries Holdings, Inc.
     1,181,268  
26,000  
Ecolab, Inc.
     1,129,180  
15,000  
H.B. Fuller Co.
     306,150  
17,500  
Lubrizol Corp. (The)
     971,425  
19,000  
Mosaic Co. (The)  *
     1,949,400  
30,000  
Praxair, Inc.
     2,526,900  
16,000  
Sherwin-Williams Co. (The)
     816,640  
30,000  
Sigma-Aldrich Corp.
     1,789,500  
36,800  
Syngenta AG ADR
     2,153,168  
          14,142,261  
             
   
COMPUTER & PERIPHERALS  (0.9%)
        
32,000  
Hewlett-Packard Co.
     1,461,120  
37,200  
MICROS Systems, Inc.  *
     1,252,152  
42,300  
NCR Corp.  *
     965,709  
38,000  
Western Digital Corp.  *
     1,027,520  
          4,706,501  
             
   
COMPUTER SOFTWARE & SERVICES  (2.3%)
        
28,000  
Accenture Ltd. Class A
     984,760  
60,000  
ANSYS, Inc.  *
     2,071,200  
60,000  
Cognizant Technology Solutions Corp. Class A  *
     1,729,800  
6,000  
Concur Technologies, Inc.  *
     186,300  
17,000  
DST Systems, Inc.  *
     1,117,580  
28,400  
Infosys Technologies Ltd. ADR
     1,015,868  
18,000  
NAVTEQ Corp.  *
     1,224,000  
26,000  
Omniture, Inc.  *
     603,460  
52,000  
Oracle Corp.  *
     1,017,120  
42,000  
Satyam Computer Services Ltd. ADR
     948,780  
34,000  
SEI Investments Co.
     839,460  
          11,738,328  
             
   
DIVERSIFIED COMPANIES  (3.9%)
        
85,000  
ABB Ltd. ADR
     2,288,200  
24,300  
Acuity Brands, Inc.
     1,043,685  
33,000  
AMETEK, Inc.
     1,449,030  
35,600  
Barnes Group, Inc.
     817,020  
18,300  
Brink's Co. (The)
     1,229,394  
34,875  
Brookfield Asset Management, Inc. Class A
     935,696  
16,000  
Danaher Corp.
     1,216,480  
19,000  
Honeywell International, Inc.
     1,071,980  
17,200  
ITT Corp.
     891,132  
55,500  
McDermott International, Inc.  *
     3,042,510  
15,000  
Parker Hannifin Corp.
     1,039,050  
12,700  
SPX Corp.
     1,332,230  
19,000  
Textron, Inc.
     1,052,980  
17,000  
United Technologies Corp.
     1,169,940  
13,700  
Valmont Industries, Inc.
     1,204,093  
          19,783,420  
             
 
Shares
    
Value
  
         
 
DRUG  (2.9%)
      
28,000  
Alexion Pharmaceuticals, Inc.  *
   $ 1,660,400  
17,200  
Allergan, Inc.
     969,908  
27,400  
BioMarin Pharmaceutical, Inc.  *
     969,138  
27,060  
Celgene Corp.  *
     1,658,507  
18,400  
Covance, Inc.  *
     1,526,648  
42,000  
Gilead Sciences, Inc.  *
     2,164,260  
32,500  
Immucor, Inc.  *
     693,550  
27,000  
LifeCell Corp.  *
     1,134,810  
20,800  
Novo Nordisk A/S ADR
     1,440,192  
32,000  
Perrigo Co.
     1,207,360  
32,000  
Pharmaceutical Product Development, Inc.
     1,340,800  
          14,765,573  
             
   
E-COMMERCE  (0.5%)
        
19,600  
Ctrip.com International Ltd. ADR
     1,039,192  
30,000  
Salesforce.com, Inc.  *
     1,736,100  
          2,775,292  
             
   
EDUCATIONAL SERVICES  (0.4%)
        
15,000  
Blackboard, Inc.  *
     499,950  
15,500  
ITT Educational Services, Inc.  *
     711,915  
6,700  
Strayer Education, Inc.
     1,021,750  
          2,233,615  
             
   
ELECTRICAL EQUIPMENT  (1.6%)
        
23,200  
Cooper Industries Ltd. Class A
     931,480  
24,000  
Emerson Electric Co.
     1,235,040  
44,000  
FLIR Systems, Inc.  *
     1,323,960  
27,000  
General Cable Corp.  *
     1,594,890  
21,500  
Thomas & Betts Corp.  *
     781,955  
13,600  
Trimble Navigation Ltd.  *
     388,824  
12,600  
W.W. Grainger, Inc.
     962,514  
31,000  
Zoltek Companies, Inc.  *
     822,120  
          8,040,783  
             
   
ELECTRICAL UTILITY - CENTRAL  (0.5%)
        
13,000  
Entergy Corp.
     1,418,040  
20,000  
ITC Holdings Corp.
     1,041,200  
          2,459,240  
             
   
ELECTRICAL UTILITY - EAST  (0.9%)
        
18,000  
Exelon Corp.
     1,462,860  
17,000  
FirstEnergy Corp.
     1,166,540  
22,000  
Public Service Enterprise Group, Inc.
     884,180  
27,000  
Southern Co.
     961,470  
          4,475,050  
             
   
ELECTRICAL UTILITY - WEST  (0.3%)
        
15,000  
MDU Resources Group, Inc.
     368,250  
18,500  
Sempra Energy
     985,680  
          1,353,930  
             
   
ELECTRONICS  (1.1%)
        
40,800  
Amphenol Corp. Class A
     1,519,800  
32,550  
Diodes, Inc.  *
     714,798  
26,500  
Harris Corp.
     1,286,045  
 
2

               
Value Line Premier Growth Fund, Inc.
                     
Schedule of Investments (unaudited)
        
 
Shares
      
Value
  
           
31,000  
MEMC Electronic Materials, Inc.  *
   $ 2,197,900  
          5,718,543  
             
   
ENTERTAINMENT  (0.4%)
        
15,100  
Central European Media Enterprises Ltd. Class A  *
     1,286,973  
42,000  
Discovery Holding Co. Ser. A *
     891,240  
          2,178,213  
             
   
ENTERTAINMENT TECHNOLOGY  (0.2%)
        
29,000  
Dolby Laboratories, Inc. Class A  *
     1,051,540  
   
ENVIRONMENTAL  (0.8%)
        
37,500  
Republic Services, Inc.
     1,096,500  
36,600  
Stericycle, Inc.  *
     1,884,900  
37,800  
Waste Connections, Inc.  *
     1,161,972  
          4,143,372  
             
   
FINANCIAL SERVICES - DIVERSIFIED  (3.4%)
        
12,000  
Affiliated Managers Group, Inc.  *
     1,088,880  
10,000  
Barclays PLC ADR
     362,000  
10,700  
BlackRock, Inc. Class A
     2,184,726  
12,000  
Credicorp Ltd.
     860,880  
5,000  
Credit Suisse Group ADR
     254,400  
34,000  
Eaton Vance Corp.
     1,037,340  
15,961  
Fidelity National Information Services, Inc.
     608,753  
9,000  
Franklin Resources, Inc.
     872,910  
18,300  
HDFC Bank Ltd. ADR
     1,797,792  
38,000  
Leucadia National Corp.
     1,718,360  
24,000  
Loews Corp.
     965,280  
9,300  
MasterCard, Inc. Class A
     2,073,807  
19,000  
Principal Financial Group, Inc.
     1,058,680  
21,000  
ProAssurance Corp.  *
     1,130,430  
24,000  
T. Rowe Price Group, Inc.
     1,200,000  
          17,214,238  
             
   
FOOD PROCESSING  (1.5%)
        
11,000  
Bunge Ltd.
     955,680  
13,000  
Diageo PLC ADR
     1,057,160  
56,250  
Flowers Foods, Inc.
     1,392,187  
16,600  
Groupe Danone ADR
     296,974  
28,000  
Hormel Foods Corp.
     1,166,480  
11,000  
McCormick & Company, Inc.
     406,670  
4,000  
Ralcorp Holdings, Inc.  *
     232,600  
35,400  
Unilever PLC ADR
     1,193,688  
19,000  
Wm. Wrigley Jr. Co.
     1,193,960  
          7,895,399  
             
   
FOREIGN TELECOMMUNICATIONS  (1.1%)
        
34,000  
America Movil SAB de C.V. Ser. L ADR
     2,165,460  
15,000  
Brasil Telecom Participacoes S.A. ADR
     981,900  
25,600  
PT Telekomunikasi Indonesia ADR
     1,073,664  
4,000  
Rostelecom ADR
     288,000  
 
Shares
      
Value
  
           
34,000  
Telefonos de Mexico S.A. de C.V. ADR
   $ 1,278,400  
          5,787,424  
             
   
HOME APPLIANCES  (0.3%)
        
40,000  
Toro Co. (The)
     1,655,600  
   
HOTEL/GAMING  (1.4%)
        
18,000  
Bally Technologies, Inc.  *
     618,120  
27,000  
International Game Technology
     1,085,670  
24,500  
Marriott International, Inc. Class A
     841,820  
8,487  
MGM MIRAGE  *
     498,781  
52,000  
Penn National Gaming, Inc.  *
     2,273,960  
18,000  
Vail Resorts, Inc.  *
     869,220  
29,000  
WMS Industries, Inc.  *
     1,043,130  
          7,230,701  
             
   
HOUSEHOLD PRODUCTS  (0.8%)
        
24,200  
Church & Dwight Company, Inc.
     1,312,608  
16,000  
Energizer Holdings, Inc.  *
     1,447,680  
35,000  
Tupperware Brands Corp.
     1,353,800  
          4,114,088  
             
   
HUMAN RESOURCES  (0.3%)
        
25,300  
Watson Wyatt Worldwide, Inc. Class A
     1,435,775  
   
INDUSTRIAL SERVICES  (2.3%)
        
30,000  
C.H. Robinson Worldwide, Inc.
     1,632,000  
48,000  
CB Richard Ellis Group, Inc. Class A *
     1,038,720  
63,000  
Corrections Corp. of America  *
     1,733,760  
40,000  
EMCOR Group, Inc.  *
     888,400  
29,000  
FTI Consulting, Inc.  *
     2,060,160  
42,000  
Geo Group, Inc. (The)  *
     1,194,480  
34,500  
Iron Mountain, Inc.  *
     912,180  
36,000  
Quanta Services, Inc.  *
     834,120  
43,369  
URS Corp.  *
     1,417,733  
          11,711,553  
             
   
INFORMATION SERVICES  (1.1%)
        
19,000  
Alliance Data Systems Corp.  *
     902,690  
14,000  
Dun & Bradstreet Corp. (The)
     1,139,320  
21,000  
FactSet Research Systems, Inc.
     1,131,270  
22,600  
IHS, Inc. Class A  *
     1,453,406  
63,000  
Nuance Communications, Inc.  *
     1,096,830  
          5,723,516  
             
   
INSURANCE - LIFE  (1.0%)
        
20,600  
AFLAC, Inc.
     1,337,970  
34,000  
Manulife Financial Corp.
     1,291,320  
20,000  
MetLife, Inc.
     1,205,200  
11,700  
Prudential Financial, Inc.
     915,525  
6,000  
Torchmark Corp.
     360,660  
          5,110,675  
             
   
INSURANCE - PROPERTY & CASUALTY  (2.1%)
        
19,000
  
ACE Ltd.
    
1,046,140
  
3

               
Value Line Premier Growth Fund, Inc.
                     
                     
               
March 31, 2008
 
Shares
      
Value
  
           
30,000  
American Financial Group, Inc.
   $ 766,800  
15,000  
Arch Capital Group Ltd.  *
     1,030,050  
25,000  
Assurant, Inc.
     1,521,500  
13,000  
Axis Capital Holdings Ltd.
     441,740  
20,000  
Chubb Corp. (The)
     989,600  
3,000  
Markel Corp.  *
     1,319,910  
17,800  
RLI Corp.
     882,346  
16,500  
SAFECO Corp.
     724,020  
24,100  
Sun Life Financial, Inc.
     1,123,060  
23,550  
Zenith National Insurance Corp.
     844,503  
          10,689,669  
             
   
INTERNET  (0.5%)
        
8,000  
Atheros Communications  *
     166,720  
5,000  
Google, Inc. Class A *
     2,202,350  
          2,369,070  
             
   
MACHINERY  (5.0%)
        
14,200  
Bucyrus International, Inc. Class A
     1,443,430  
14,000  
Caterpillar, Inc.
     1,096,060  
33,700  
CNH Global N.V.
     1,753,411  
23,300  
Curtiss-Wright Corp.
     966,484  
19,200  
Deere & Co.
     1,544,448  
21,000  
Donaldson Company, Inc.
     845,880  
18,000  
Flowserve Corp.
     1,878,840  
42,600  
Foster Wheeler Ltd.  *
     2,412,012  
5,400  
Gardner Denver, Inc.  *
     200,340  
28,125  
Graco, Inc.
     1,019,812  
29,850  
IDEX Corp.
     916,097  
21,000  
Kaydon Corp.
     922,110  
31,500  
Lennox International, Inc.
     1,133,055  
62,000  
Manitowoc Company, Inc. (The)
     2,529,600  
15,600  
MSC Industrial Direct Co., Inc. Class A
     659,100  
12,000  
Regal-Beloit Corp.
     439,560  
34,000  
Robbins & Myers, Inc.
     1,110,100  
26,000  
Roper Industries, Inc.
     1,545,440  
21,000  
Snap-on, Inc.
     1,067,850  
31,200  
Terex Corp.  *
     1,950,000  
          25,433,629  
             
   
MARITIME  (0.4%)
        
34,000  
Kirby Corp.  *
     1,938,000  
   
MEDICAL SERVICES  (2.2%)
        
26,000  
Amedisys, Inc.  *
     1,022,840  
20,700  
Coventry Health Care, Inc.  *
     835,245  
24,000  
DaVita, Inc.  *
     1,146,240  
20,900  
Fresenius Medical Care AG & Co. KGaA ADR
     1,051,688  
23,000  
Healthways, Inc.  *
     812,820  
23,000  
Humana, Inc.  *
     1,031,780  
24,000  
inVentiv Health, Inc.  *
     691,440  
13,200  
Laboratory Corporation of America Holdings  *
     972,576  
21,000  
Pediatrix Medical Group, Inc.  *
     1,415,400  
42,400  
Psychiatric Solutions, Inc.  *
     1,438,208  
23,630  
WellPoint, Inc.  *
     1,042,792  
          11,461,029  
             
 
Shares
    
Value
  
         
 
MEDICAL SUPPLIES  (5.9%)
      
8,000  
Alcon, Inc.
   $ 1,138,000  
25,000  
ArthroCare Corp.  *
     833,750  
12,200  
Bard (C.R.), Inc.
     1,176,080  
21,000  
Baxter International, Inc.
     1,214,220  
14,500  
Becton, Dickinson & Co.
     1,244,825  
11,000  
Bio-Rad Laboratories, Inc. Class A *
     978,450  
17,500  
Charles River Laboratories International, Inc.  *
     1,031,450  
37,000  
DENTSPLY International, Inc.
     1,428,200  
10,600  
Haemonetics Corp.  *
     631,548  
56,000  
Henry Schein, Inc.  *
     3,214,400  
49,192  
Hologic, Inc.  *
     2,735,075  
24,000  
IDEXX Laboratories, Inc.  *
     1,182,240  
25,600  
Illumina, Inc.  *
     1,943,040  
20,000  
Intuitive Surgical, Inc.  *
     6,487,000  
14,500  
Inverness Medical Innovations, Inc.  *
     436,450  
18,000  
McKesson Corp.
     942,660  
25,000  
NuVasive, Inc.  *
     862,750  
27,000  
Owens & Minor, Inc.
     1,062,180  
15,700  
Stryker Corp.
     1,021,285  
14,400  
West Pharmaceutical Services, Inc.
     636,912  
          30,200,515  
             
   
METALS & MINING DIVERSIFIED  (0.4%)
        
27,000  
Allegheny Technologies, Inc.
     1,926,720  
   
METALS FABRICATING  (0.7%)
        
22,000  
Chicago Bridge & Iron Co. N.V.
     863,280  
26,000  
Harsco Corp.
     1,439,880  
26,000  
Kennametal, Inc.
     765,180  
16,000  
Shaw Group, Inc. (The)  *
     754,240  
          3,822,580  
             
   
NATURAL GAS - DISTRIBUTION  (0.8%)
        
18,000  
AGL Resources, Inc.
     617,760  
15,800  
BG Group PLC ADR
     1,811,470  
33,600  
Southern Union Co.
     781,872  
31,000  
UGI Corp.
     772,520  
          3,983,622  
             
   
NATURAL GAS - DIVERSIFIED  (2.6%)
        
32,000  
Energen Corp.
     1,993,600  
8,600  
EOG Resources, Inc.
     1,032,000  
20,000  
Equitable Resources, Inc.
     1,178,000  
24,000  
National Fuel Gas Co.
     1,133,040  
24,000  
Penn Virginia Corp.
     1,058,160  
20,000  
Questar Corp.
     1,131,200  
80,000  
Southwestern Energy Co.  *
     2,695,200  
53,470  
XTO Energy, Inc.
     3,307,654  
          13,528,854  
             
   
NEWSPAPER  (0.2%)
        
60,000  
News Corp. Class B
     1,142,400  
 
4

               
Value Line Premier Growth Fund, Inc.
                     
Schedule of Investments (unaudited)
        
 
Shares
    
Value
  
         
 
OILFIELD SERVICES/EQUIPMENT  (1.6%)
      
11,000  
Arena Resources, Inc.  *
   $ 425,810  
20,000  
Bristow Group, Inc.  *
     1,073,400  
10,500  
Core Laboratories N.V.  *
     1,252,650  
14,600  
Exterran Holdings, Inc.  *
     942,284  
44,000  
FMC Technologies, Inc.  *
     2,503,160  
8,000  
Superior Energy Services, Inc.  *
     316,960  
16,000  
Weatherford International Ltd.  *
     1,159,520  
18,000  
Willbros Group, Inc.  *
     550,800  
          8,224,584  
             
   
PACKAGING & CONTAINER  (1.1%)
        
30,700  
AptarGroup, Inc.
     1,195,151  
7,000  
Ball Corp.
     321,580  
34,000  
CLARCOR, Inc.
     1,208,700  
18,500  
Greif, Inc. Class A
     1,256,705  
30,000  
Owens-Illinois, Inc.  *
     1,692,900  
          5,675,036  
             
   
PAPER & FOREST PRODUCTS  (0.2%)
        
37,000  
Votorantim Celulose e Papel S.A. ADR
     1,054,870  
   
PETROLEUM - INTEGRATED  (1.3%)
        
7,000  
BASF AG ADR
     939,050  
32,000  
Petroleo Brasileiro S.A. - Petrobras ADR
     3,267,520  
12,000  
Sasol Ltd. ADR
     580,680  
32,000  
Tesoro Corp.
     960,000  
13,700  
Total S.A. ADR
     1,013,937  
          6,761,187  
             
   
PETROLEUM - PRODUCING  (2.2%)
        
8,600  
CNOOC Ltd. ADR
     1,262,394  
22,200  
Forest Oil Corp.  *
     1,086,912  
30,000  
Quicksilver Resources, Inc.  *
     1,095,900  
66,000  
Range Resources Corp.
     4,187,700  
77,500  
Tenaris S.A. ADR
     3,863,375  
          11,496,281  
             
   
PHARMACY SERVICES (1.2%)
        
28,000  
CVS Caremark Corp.
     1,134,280  
40,000  
Express Scripts, Inc.  *
     2,572,800  
22,000  
Longs Drug Stores Corp.
     934,120  
30,000  
Medco Health Solutions, Inc.  *
     1,313,700  
          5,954,900  
             
   
POWER (0.7%)
        
49,000  
AES Corp. (The)  *
     816,830  
58,000  
Covanta Holding Corp.  *
     1,595,000  
43,000  
Reliant Energy, Inc.  *
     1,016,950  
          3,428,780  
             
 
Shares
    
Value
  
         
 
PRECISION INSTRUMENT  (1.1%)
      
15,400  
Mettler Toledo International, Inc.  *
   $ 1,495,648  
68,000  
Siliconware Precision Industries Co. ADR
     571,200  
38,000  
Thermo Fisher Scientific, Inc.  *
     2,159,920  
9,400  
Triumph Group, Inc.
     535,142  
19,000  
Waters Corp.  *
     1,058,300  
          5,820,210  
             
   
R.E.I.T.  (0.9%)
        
9,200  
AvalonBay Communities, Inc.
     887,984  
16,000  
BRE Properties, Inc.
     728,960  
9,400  
Essex Property Trust, Inc.
     1,071,412  
12,000  
LaSalle Hotel Properties
     344,760  
21,000  
ProLogis
     1,236,060  
4,000  
SL Green Realty Corp.
     325,880  
          4,595,056  
             
   
RAILROAD  (1.2%)
        
13,500  
Burlington Northern Santa Fe Corp.
     1,244,970  
22,900  
Canadian National Railway Co.
     1,106,528  
19,000  
Canadian Pacific Railway Ltd.
     1,221,510  
41,000  
Kansas City Southern  *
     1,644,510  
20,000  
Norfolk Southern Corp.
     1,086,400  
          6,303,918  
             
   
RESTAURANT  (1.5%)
        
8,700  
Chipotle Mexican Grill, Inc. Class A *
     986,841  
27,000  
Darden Restaurants, Inc.
     878,850  
20,000  
McDonald's Corp.
     1,115,400  
126,562  
Sonic Corp.  *
     2,789,426  
24,376  
Tim Hortons, Inc.
     830,003  
34,000  
Yum! Brands, Inc.
     1,265,140  
          7,865,660  
             
   
RETAIL - AUTOMOTIVE  (0.5%)
        
8,400  
AutoZone, Inc.  *
     956,172  
27,000  
Copart, Inc.  *
     1,046,520  
11,600  
O'Reilly Automotive, Inc.  *
     330,832  
          2,333,524  
             
   
RETAIL - SPECIAL LINES  (1.5%)
        
45,000  
Coach, Inc.  *
     1,356,750  
45,000  
Dick's Sporting Goods, Inc.  *
     1,205,100  
44,000  
GameStop Corp. Class A *
     2,275,240  
23,300  
J. Crew Group, Inc.  *
     1,029,161  
22,000  
Men's Wearhouse, Inc. (The)
     511,940  
30,700  
Rush Enterprises, Inc. Class A *
     486,288  
32,300  
TJX Companies, Inc. (The)
     1,068,161  
          7,932,640  
             
   
RETAIL BUILDING SUPPLY  (0.0%)
        
4,000  
Fastenal Co.
     183,720  
             
   
RETAIL STORE  (0.4%)
        
18,000
  
Costco Wholesale Corp.
    
1,169,460
  

5
                 
Value Line Premier Growth Fund, Inc.
                         
                         
                 
March 31, 2008
 
Shares
      
Value
  
           
33,000  
Nordstrom, Inc.
   $ 1,075,800  
          2,245,260  
             
   
SECURITIES BROKERAGE  (0.7%)
        
2,200  
CME Group, Inc.
     1,032,020  
6,200  
Goldman Sachs Group, Inc. (The)
     1,025,418  
6,300  
IntercontinentalExchange, Inc.  *
     822,150  
33,000  
Raymond James Financial, Inc.
     758,340  
          3,637,928  
             
   
SHOE  (0.6%)
        
13,000  
Deckers Outdoor Corp.  *
     1,401,660  
14,000  
Iconix Brand Group, Inc.  *
     242,900  
20,000  
NIKE, Inc. Class B
     1,360,000  
          3,004,560  
             
   
STEEL - GENERAL  (0.6%)
        
12,000  
Carpenter Technology Corp.
     671,640  
8,000  
Cleveland-Cliffs, Inc.
     958,560  
22,000  
Nucor Corp.
     1,490,280  
          3,120,480  
             
   
TELECOMMUNICATION SERVICES  (3.2%)
        
35,750  
American Tower Corp. Class A *
     1,401,757  
17,300  
BT Group PLC ADR
     745,630  
21,000  
CenturyTel, Inc.
     698,040  
50,877  
Crown Castle International Corp.  *
     1,754,748  
16,000  
Equinix, Inc.  *
     1,063,840  
14,500  
Millicom International Cellular S.A.  *
     1,370,975  
20,000  
Mobile TeleSystems ADR
     1,517,000  
19,500  
Philippine Long Distance Telephone Co. ADR
     1,295,970  
11,700  
Telefonica S.A. ADR
     1,012,167  
52,300  
Time Warner Telecom, Inc. Class A *
     810,127  
127,500  
Vimpel-Communications ADR
     3,810,975  
28,400  
Vodafone Group PLC ADR
     838,084  
          16,319,313  
             
   
TELECOMMUNICATIONS EQUIPMENT  (0.8%)
        
22,700  
Anixter International, Inc.  *
     1,453,708  
35,000  
Cisco Systems, Inc.  *
     843,150  
34,000  
CommScope, Inc.  *
     1,184,220  
12,000  
Comtech Telecommunications Corp.  *
     468,000  
          3,949,078  
             
   
THRIFT  (0.5%)
        
89,768  
Hudson City Bancorp, Inc.
     1,587,098  
47,250  
People's United Financial, Inc.
     817,898  
          2,404,996  
             
   
TIRE & RUBBER  (0.3%)
        
24,400  
Carlisle Companies, Inc.
     815,936  
17,400  
Telephone and Data Systems, Inc.
     683,298  
          1,499,234  
             
   
TOBACCO  (0.5%)
        
16,000  
Altria Group, Inc.
     355,200  
 
Shares
      
Value
  
           
17,000  
British American Tobacco PLC ADR
   $ 1,287,750  
16,000  
Philip Morris International, Inc.  *
     809,280  
          2,452,230  
             
   
TOILETRIES & COSMETICS  (0.4%)
        
14,000  
Chattem, Inc.  *
     928,760  
34,800  
Luxottica Group S.p.A. ADR
     875,568  
          1,804,328  
             
   
TRUCKING  (1.0%)
        
29,000  
Hunt (J.B.) Transport Services, Inc.
     911,470  
76,000  
Landstar System, Inc.
     3,964,160  
          4,875,630  
             
   
WATER UTILITY  (0.2%)
        
27,600  
Cia de Saneamento Basico do Estado de Sao Paulo ADR
     1,223,508  
   
WIRELESS NETWORKING  (0.8%)
        
11,300  
Itron, Inc.  *
     1,019,599  
15,900  
Research In Motion Ltd.  *
     1,784,457  
43,000  
SBA Communications Corp. Class A *
     1,282,690  
          4,086,746  
             
   
TOTAL COMMON STOCKS AND TOTAL INVESTMENT SECURITIES  (96.4%)
(Cost $347,051,944)
     494,280,301  
 
 
Principal
Amount
    
Value
 
 
REPURCHASE AGREEMENTS (1) (3.5%)
  $ 18,100,000  
With Morgan Stanley, 1.15%, dated 3/31/08, due 4/1/08, delivery value $18,100,578 (collateralized by $16,320,000 U.S. Treasury Bonds 5.25%, due 2/15/29, with a value of $18,522,023)
  
18,100,000
 
 
TOTAL REPURCHASE AGREEMENTS
(Cost $18,100,000)
  
18,100,000
 
 
CASH AND OTHER ASSETS IN EXCESS OF LIABILITIES (0.1%)
     740,958  
 
NET ASSETS (100%)
   $ 513,121,259  
 
NET ASSET VALUE OFFERING AND REDEMPTION PRICE, PER OUTSTANDING SHARE
($513,121,259 ÷ 19,403,173 shares outstanding)
   $ 26.45  
 
 
*
  
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
  

6

               
               
             
Value Line Premier Growth Fund, Inc.
               
Schedule of Investments (unaudited)
  
               
GDR
  
Global Depositary Receipt
      
               
           
Total Net
  
           
Unrealized
  
Total Cost
  
Appreciation
  
Depreciation
  
Appreciation
  
               
$365,151,944
  
$164,513,529
  
$(17,285,172)
  
$147,228,357
  
               
 
The Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157"), effective January 1, 2008. In accordance with FAS 157, fair value is defined as the price that the Fund would receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. FAS 157 established a three-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a particular valuation technique used to measure fair value including such a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

 
·
Level 1 – quoted prices in active markets for identical investments
 
·
Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
 
·
Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The valuation techniques used by the Fund to measure fair value during the three months ended March 31, 2008 maximized the use of observable inputs and minimized the use of unobservable inputs. The Fund utilized the following fair value techniques: multi-dimensional relational pricing model, option adjusted spread pricing and estimated the price that would have prevailed in a liquid market for an international equity given information available at the time of evaluation.

The following is a summary of the inputs used as of March 31, 2008 in valuing the Fund’s investments carried at value:

Valuation Inputs
  
Investments in
Securities
    
Other
Financial
Instruments*
  
Level 1 - Quoted Prices
   $ 494,280,301       -  
Level 2 - Other Significant
Observable Inputs
     18,100,000       -  
Level 3 - Significant
Unobservable Inputs
     -       -  
Total
   $ 512,380,301       -  

*Other financial instruments include futures, forwards and swap contracts.

7
 
Following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining value:

   
Investments
in Securities
    
Other
Financial
Instruments
  
Balance as of 12/31/07
   $ -     $ -  
Accrued discounts/premiums
     -       -  
Realized gain/loss and change in unrealized appreciation/depreciation
      -       - *
Net purchases/sales
     -       -  
Net transfers in and/or out of Level 3
     -       -  
Balance, as of 03/31/08
   $ -     $ -  
Net change in unrealized appreciation/depreciation from
investments still held as of 03/31/08
   $  -     $  -  

*The realized gain/loss earned during the period ended 03/31/08 for other financial instruments was $-.
 
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:
May 29, 2008
  

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:
May 29, 2008
  
 
 EX-99.CERT 2 ex99-cert.htm CERTIFICATIONS ex99-cert.htm
Exhibit 99
 
CERTIFICATIONS

I, Jean Bernhard Buttner, Chairman and President of the Value Line Premier Growth Fund, Inc. certify that:

1.
I have reviewed this report on Form N-Q of the Value Line Premier Growth Fund, Inc.
     
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report:
     
3.
Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
     
4.
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c ) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
     
 
(a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
 
(b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
     
 
(c)
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusion about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
     
 
(d)
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
     
5.
The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
     
 
(a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
     
 
(b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


Date:
May 29, 2008
  
/s/ Jean Bernhard Buttner
  
       
     
Chairman and President
  
     
The Value Line Premier Growth Fund, Inc.
 
 
CERTIFICATIONS

I, Stephen R. Anastasio, Treasurer of The Value Line Premier Growth Fund, Inc. certify that:

1.
I have reviewed this report on Form N-Q of The Value Line Premier Growth Fund, Inc.
     
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report:
     
3.
Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
     
4.
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c ) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
     
 
(a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
 
(b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
     
 
(c)
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusion about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
     
 
(d)
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
     
5.
The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
     
 
(a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
     
 
(b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


Date:
May 29, 2008
  
/s/ Stephen R. Anastasio
  
     
Stephen R. Anastasio
  
     
Treasurer
  
     
The Value Line Premier Growth Fund, Inc.
 
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