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 811-02278

The Value Line Premier Growth Fund, Inc.

(Exact name of registrant as specified in charter)

220 East 42nd Street, New York, NY 10017

Mitchell E. Appel

(Name and address of agent for service)

Registrant’s telephone number, including area code: 212-907-1500

Date of fiscal year end: December 31, 2009

Date of reporting period: March 31, 2009

Item 1: Schedule of Investments.

A copy of Schedule of Investments for the period ended 3/31/09 is included with this Form.

Value Line Premier Growth Fund, Inc.
Schedule of Investments (unaudited)	March 31, 2009

Shares			Value
COMMON STOCKS (97.1%)
		AEROSPACE/DEFENSE (2.8%)
	23,800	Precision Castparts Corp.	$	1,425,620
	12,500	L-3 Communications Holdings, Inc.		847,500
	12,000	Alliant Techsystems, Inc. *		803,760
	11,000	Lockheed Martin Corp.		759,330
	27,000	Teledyne Technologies, Inc. *		720,360
	18,400	Raytheon Co.		716,496
	17,400	Goodrich Corp.		659,286
	15,000	Northrop Grumman Corp.		654,600
	44,000	Orbital Sciences Corp. *		523,160
	20,000	Esterline Technologies Corp. *		403,800
	36,000	BE Aerospace, Inc. *		312,120
				7,826,032
		AIR TRANSPORT (0.3%)
	106,500	Lan Airlines S.A. ADR		890,340
		APPAREL (1.1%)
	46,000	Guess?, Inc.		969,680
	15,000	VF Corp.		856,650
	30,000	Phillips-Van Heusen Corp.		680,400
	26,500	Warnaco Group, Inc. (The) *		636,000
				3,142,730
		AUTO PARTS (0.8%)
	56,000	LKQ Corp. *		799,120
	32,000	BorgWarner, Inc.		649,600
	12,600	Eaton Corp.		464,436
	13,000	Autoliv, Inc.		241,410
				2,154,566
		BANK (0.5%)
	25,000	Bank of Hawaii Corp.		824,500
	30,000	Wells Fargo & Co.		427,200
	7,322	PNC Financial Services Group, Inc.		214,461
				1,466,161
		BANK - CANADIAN (0.7%)
	22,100	Bank of Nova Scotia		541,892
	14,400	Royal Bank of Canada		416,448
	13,300	Bank of Montreal		347,263
	8,200	Canadian Imperial Bank of Commerce		297,824
	7,400	Toronto-Dominion Bank (The)		255,892
				1,859,319
		BANK - FOREIGN (1.6%)
	221,251	Itau Unibanco Banco Multiplo SA		2,407,211
	35,000	Bancolombia S.A. ADR		681,450
	68,800	Banco Bilbao Vizcaya Argentaria, S.A. ADR		559,344
	60,000	Banco Santander Central Hispano S.A. ADR		414,000
	16,000	ICICI Bank Ltd. ADR		212,640
	5,500	Banco Santander Chile S.A. ADR		188,925
				4,463,570
		BANK - MIDWEST (0.6%)
	17,900	Northern Trust Corp.		1,070,778
	8,808	Commerce Bancshares, Inc.		319,730

Shares			Value
	20,000	U.S. Bancorp	$	292,200
				1,682,708
		BEVERAGE - ALCOHOLIC (0.2%)
	20,000	Molson Coors Brewing Co. Class B		685,600
		BEVERAGE - SOFT DRINK (0.9%)
	29,000	Companhia de Bebidas das Americas ADR		1,384,750
	16,800	Coca-Cola Femsa, S.A.B. de C.V. ADR		572,208
	20,000	Fomento Economico Mexicano S.A.B. de C.V. ADR		504,200
				2,461,158
		BIOTECHNOLOGY (1.0%)
	18,000	Techne Corp.		984,780
	12,800	United Therapeutics Corp. *		845,952
	18,000	Myriad Genetics, Inc. *		818,460
				2,649,192
		BUILDING MATERIALS (1.0%)
	40,000	Jacobs Engineering Group, Inc. *		1,546,400
	24,000	Fluor Corp.		829,200
	8,800	Ameron International Corp.		463,408
				2,839,008
		CABLE TV (1.0%)
	41,000	DIRECTV Group, Inc. (The) *		934,390
	59,000	Shaw Communications, Inc. Class B		893,850
	37,800	Rogers Communications, Inc. Class B		862,974
				2,691,214
		CANADIAN ENERGY (0.7%)
	38,000	Suncor Energy, Inc.		843,980
	26,000	TransCanada Corp.		614,900
	20,000	Nexen, Inc.		339,200
	17,000	Talisman Energy, Inc.		178,500
				1,976,580
		CHEMICAL - BASIC (1.1%)
	12,000	Potash Corporation of Saskatchewan, Inc.		969,720
	22,000	FMC Corp.		949,080
	21,000	Agrium, Inc.		751,590
	28,000	Celanese Corp. Series A		374,360
				3,044,750
		CHEMICAL - DIVERSIFIED (1.7%)
	24,000	Monsanto Co.		1,994,400
	44,000	Albemarle Corp.		957,880
	15,000	Air Products & Chemicals, Inc.		843,750
	16,000	Bayer AG ADR		764,960
	22,000	Zoltek Companies, Inc. *		149,820
				4,710,810
		CHEMICAL - SPECIALTY (3.4%)
	30,000	Praxair, Inc.		2,018,700
	36,800	Syngenta AG ADR		1,476,048
	30,000	Sigma-Aldrich Corp.		1,133,700
	29,000	Airgas, Inc.		980,490
	26,000	Ecolab, Inc.		902,980
	16,000	Sherwin-Williams Co. (The)		831,520
	11,400	CF Industries Holdings, Inc.		810,882

1

Value Line Premier Growth Fund, Inc.

March 31, 2009

Shares			Value
	17,000	Mosaic Co. (The)	$	713,660
	17,500	Lubrizol Corp. (The)		595,175
				9,463,155
		COMPUTER & PERIPHERALS (0.6%)
	37,200	MICROS Systems, Inc. *		697,500
	20,000	Synaptics, Inc. *		535,200
	42,300	NCR Corp. *		336,285
				1,568,985
		COMPUTER SOFTWARE & SERVICES (2.2%)
	60,000	ANSYS, Inc. *		1,506,000
	60,000	Cognizant Technology Solutions Corp. Class A *		1,247,400
	27,000	Sybase, Inc. *		817,830
	28,000	Accenture Ltd. Class A		769,720
	28,400	Infosys Technologies Ltd. ADR		756,292
	30,000	Concur Technologies, Inc. *		575,700
	26,000	Omniture, Inc. *		342,940
	3,000	ManTech International Corp. Class A *		125,700
				6,141,582
		DIVERSIFIED COMPANIES (2.9%)
	85,000	ABB Ltd. ADR		1,184,900
	33,000	AMETEK, Inc.		1,031,910
	16,000	Danaher Corp.		867,520
	17,000	United Technologies Corp.		730,660
	13,700	Valmont Industries, Inc.		687,877
	17,200	ITT Corp.		661,684
	24,300	Acuity Brands, Inc.		547,722
	19,000	Honeywell International, Inc.		529,340
	18,300	Brink’s Co. (The)		484,218
	34,875	Brookfield Asset Management, Inc. Class A		480,578
	35,600	Barnes Group, Inc.		380,564
	6,700	SPX Corp.		314,967
	3,000	GeoEye, Inc. *		59,250
				7,961,190
		DRUG (4.3%)
	56,000	Alexion Pharmaceuticals, Inc. *		2,108,960
	42,000	Gilead Sciences, Inc. *		1,945,440
	27,060	Celgene Corp. *		1,201,464
	23,000	Teva Pharmaceutical Industries Ltd. ADR		1,036,150
	20,800	Novo Nordisk A/S ADR		997,984
	17,200	Allergan, Inc.		821,472
	32,500	Immucor, Inc. *		817,375
	32,000	Perrigo Co.		794,560
	32,000	Pharmaceutical Product Development, Inc.		759,040
	18,400	Covance, Inc. *		655,592
	21,000	Auxilium Pharmaceuticals, Inc. *		582,120
	8,400	BioMarin Pharmaceutical, Inc. *		103,740
	4,000	PAREXEL International Corp. *		38,920
				11,862,817
		E-COMMERCE (0.7%)
	30,000	Salesforce.com, Inc. *		981,900
	19,600	Ctrip.com International Ltd. ADR		537,040

Shares			Value
	60,000	Ariba, Inc. *	$	523,800
				2,042,740
		EDUCATIONAL SERVICES (1.5%)
	15,500	ITT Educational Services, Inc. *		1,882,010
	6,700	Strayer Education, Inc.		1,205,129
	20,400	Blackboard, Inc. *		647,496
	11,400	DeVry, Inc.		549,252
				4,283,887
		ELECTRICAL EQUIPMENT (1.4%)
	44,000	FLIR Systems, Inc. *		901,120
	12,600	W.W. Grainger, Inc.		884,268
	23,200	Cooper Industries Ltd. Class A		599,952
	21,500	Thomas & Betts Corp. *		537,930
	27,000	General Cable Corp. *		535,140
	30,000	Trimble Navigation Ltd. *		458,400
	8,000	EnerSys *		96,960
				4,013,770
		ELECTRICAL UTILITY - CENTRAL (0.8%)
	13,000	Entergy Corp.		885,170
	20,000	ITC Holdings Corp.		872,400
	13,400	Wisconsin Energy Corp.		551,678
				2,309,248
		ELECTRICAL UTILITY - EAST (1.3%)
	27,000	Southern Co.		826,740
	18,000	Exelon Corp.		817,020
	24,000	Public Service Enterprise Group, Inc.		707,280
	17,000	FirstEnergy Corp.		656,200
	18,000	NSTAR		573,840
				3,581,080
		ELECTRICAL UTILITY - WEST (0.4%)
	18,500	Sempra Energy		855,440
	15,000	MDU Resources Group, Inc.		242,100
				1,097,540
		ELECTRONICS (1.1%)
	40,800	Amphenol Corp. Class A		1,162,392
	26,500	Harris Corp.		766,910
	31,000	MEMC Electronic Materials, Inc. *		511,190
	18,300	Brink’s Home Security Holdings, Inc. *		413,580
	27,550	Diodes, Inc. *		292,306
				3,146,378
		ENTERTAINMENT (0.1%)
	15,100	Central European Media Enterprises Ltd. Class A *		173,046
		ENTERTAINMENT TECHNOLOGY (0.3%)
	46,000	Activision Blizzard, Inc. *		481,160
	13,000	Dolby Laboratories, Inc. Class A *		443,430
				924,590

 2

Value Line Premier Growth Fund, Inc.

Schedule of Investments (unaudited)

Shares			Value
		ENVIRONMENTAL (1.2%)
	36,600	Stericycle, Inc. *	$	1,746,918
	37,800	Waste Connections, Inc. *		971,460
	37,500	Republic Services, Inc.		643,125
				3,361,503
		FINANCIAL SERVICES - DIVERSIFIED (3.5%)
	9,300	MasterCard, Inc. Class A		1,557,564
	10,700	BlackRock, Inc.		1,391,428
	18,300	HDFC Bank Ltd. ADR		1,115,019
	21,000	ProAssurance Corp. *		979,020
	34,000	Eaton Vance Corp.		776,900
	24,000	T. Rowe Price Group, Inc.		692,640
	18,000	Global Payments, Inc.		601,380
	12,000	Credicorp Ltd.		562,080
	12,000	Affiliated Managers Group, Inc. *		500,520
	9,000	Franklin Resources, Inc.		484,830
	15,961	Fidelity National Information Services, Inc.		290,490
	7,980	Lender Processing Services, Inc.		244,268
	11,011	Loews Corp.		243,343
	14,000	Leucadia National Corp. *		208,460
	5,000	Credit Suisse Group ADR		152,450
				9,800,392
		FOOD PROCESSING (2.4%)
	56,250	Flowers Foods, Inc.		1,320,750
	18,600	General Mills, Inc.		927,768
	28,000	Hormel Foods Corp.		887,880
	30,000	McCormick & Company, Inc.		887,100
	22,000	TreeHouse Foods, Inc. *		633,380
	11,000	Bunge Ltd.		623,150
	15,000	H.J. Heinz Co.		495,900
	17,000	Perdigao S.A. ADR		421,770
	4,000	Ralcorp Holdings, Inc. *		215,520
	12,600	Groupe Danone ADR		121,968
				6,535,186
		FOOD WHOLESALERS (0.3%)
	20,000	Green Mountain Coffee Roasters, Inc. *		960,000
		FOREIGN ELECTRONICS (0.2%)
	21,000	Canon, Inc. ADR		609,630
		FOREIGN TELECOMMUNICATIONS (1.0%)
	11,700	Telefonica S.A. ADR		697,554
	41,000	Tele Norte Leste Participacoes S.A. ADR		567,440
	34,000	Telefonos de Mexico S.A. de C.V. ADR		511,360
	12,601	Brasil Telecom Participacoes S.A. ADR		455,148
	16,600	PT Telekomunikasi Indonesia ADR		426,620
				2,658,122
		GROCERY (0.3%)
	32,000	Ruddick Corp.		718,400

Shares			Value
		HEALTH CARE INFORMATION SYSTEMS (0.2%)
	10,000	Cerner Corp. *	$	439,700
		HEAVY CONSTRUCTION (0.3%)
	42,600	Foster Wheeler AG *		744,222
		HOME APPLIANCES (0.3%)
	33,000	Toro Co. (The)		797,940
		HOTEL/GAMING (0.8%)
	52,000	Penn National Gaming, Inc. *		1,255,800
	29,000	WMS Industries, Inc. *		606,390
	18,000	Bally Technologies, Inc. *		331,560
	5,000	Vail Resorts, Inc. *		102,150
				2,295,900
		HOUSEHOLD PRODUCTS (1.1%)
	24,200	Church & Dwight Co., Inc.		1,263,966
	16,000	Energizer Holdings, Inc. *		795,040
	35,000	Tupperware Brands Corp.		594,650
	10,000	Procter & Gamble Co. (The)		470,900
				3,124,556
		HUMAN RESOURCES (0.5%)
	25,300	Watson Wyatt Worldwide, Inc. Class A		1,249,061
	8,000	Hewitt Associates, Inc. Class A *		238,080
				1,487,141
		INDUSTRIAL SERVICES (3.2%)
	43,369	URS Corp. *		1,752,541
	29,000	FTI Consulting, Inc. *		1,434,920
	30,000	C.H. Robinson Worldwide, Inc.		1,368,300
	63,000	Corrections Corp. of America *		807,030
	36,000	Quanta Services, Inc. *		772,200
	34,500	Iron Mountain, Inc. *		764,865
	40,000	EMCOR Group, Inc. *		686,800
	42,000	Geo Group, Inc. (The) *		556,500
	20,000	Stanley, Inc. *		507,800
	21,000	Rollins, Inc.		360,150
				9,011,106
		INFORMATION SERVICES (1.4%)
	14,000	Dun & Bradstreet Corp. (The)		1,078,000
	22,600	IHS, Inc. Class A *		930,668
	19,000	Alliance Data Systems Corp. *		702,050
	63,000	Nuance Communications, Inc. *		684,180
	11,000	FactSet Research Systems, Inc.		549,890
				3,944,788
		INSURANCE - LIFE (0.5%)
	18,212	MetLife, Inc.		414,687
	20,600	AFLAC, Inc.		398,816
	20,000	Manulife Financial Corp.		224,000
	6,000	Torchmark Corp.		157,380

 3

Value Line Premier Growth Fund, Inc.

March 31, 2009

Shares			Value
	2,264	Reinsurance Group of America, Inc.	$	73,331
				1,268,214
		INSURANCE - PROPERTY & CASUALTY (1.2%)
	15,000	Arch Capital Group Ltd. *		807,900
	19,000	ACE Ltd.		767,600
	30,000	American Financial Group, Inc.		481,500
	22,000	Assurant, Inc.		479,160
	24,100	Sun Life Financial, Inc.		430,426
	13,000	Axis Capital Holdings Ltd.		293,020
				3,259,606
		INTERNET (1.3%)
	5,000	Google, Inc. Class A *		1,740,300
	13,500	Amazon.com, Inc. *		991,440
	34,000	Atheros Communications, Inc. *		498,440
	28,000	CyberSource Corp. *		414,680
				3,644,860
		MACHINERY (3.7%)
	26,000	Roper Industries, Inc.		1,103,700
	18,000	Flowserve Corp.		1,010,160
	31,500	Lennox International, Inc.		833,490
	23,300	Curtiss-Wright Corp.		653,565
	29,850	IDEX Corp.		652,819
	19,200	Deere & Co.		631,104
	21,000	Kaydon Corp.		573,930
	21,000	Donaldson Company, Inc.		563,640
	21,000	Snap-on, Inc.		527,100
	34,000	Robbins & Myers, Inc.		515,780
	23,200	Gardner Denver, Inc. *		504,368
	15,600	MSC Industrial Direct Co., Inc. Class A		484,692
	28,125	Graco, Inc.		480,094
	28,400	Bucyrus International, Inc.		431,112
	16,000	Wabtec Corp.		422,080
	14,000	Caterpillar, Inc.		391,440
	6,000	Regal-Beloit Corp.		183,840
	42,000	Manitowoc Company, Inc. (The)		137,340
	11,700	CNH Global N.V.		121,446
				10,221,700
		MARITIME (0.3%)
	34,000	Kirby Corp. *		905,760
		MEDICAL SERVICES (1.1%)
	20,900	Fresenius Medical Care AG & Co. KGaA ADR		808,830
	13,200	Laboratory Corporation of America Holdings *		772,068
	26,000	Amedisys, Inc. *		714,740
	42,400	Psychiatric Solutions, Inc. *		666,952
	10,000	Kendle International, Inc. *		209,600
				3,172,190
		MEDICAL SUPPLIES (6.8%)
	56,000	Henry Schein, Inc. *		2,240,560
	20,000	Intuitive Surgical, Inc. *		1,907,200
	51,200	Illumina, Inc. *		1,906,688
	21,000	Baxter International, Inc.		1,075,620

Shares			Value
	37,000	DENTSPLY International, Inc.	$	993,450
	14,500	Becton, Dickinson & Co.		974,980
	12,200	Bard (C.R.), Inc.		972,584
	27,000	Owens & Minor, Inc.		894,510
	28,000	NuVasive, Inc. *		878,640
	24,000	IDEXX Laboratories, Inc. *		829,920
	13,000	Edwards Lifesciences Corp. *		788,190
	22,400	West Pharmaceutical Services, Inc.		734,944
	11,000	Bio-Rad Laboratories, Inc. Class A *		724,900
	12,600	Haemonetics Corp. *		694,008
	19,400	Covidien Ltd.		644,856
	20,000	Masimo Corp. *		579,600
	18,000	Varian Medical Systems, Inc. *		547,920
	15,700	Stryker Corp.		534,428
	17,500	Charles River Laboratories International, Inc. *		476,175
	8,000	Life Technologies Corp. *		259,840
	21,000	Natus Medical, Inc. *		178,710
				18,837,723
		METALS & MINING DIVERSIFIED (0.1%)
	18,000	Allegheny Technologies, Inc.		394,740
		METALS FABRICATING (0.2%)
	26,000	Harsco Corp.		576,420
		NATURAL GAS - DISTRIBUTION (1.0%)
	15,800	BG Group PLC ADR		1,189,582
	31,000	UGI Corp.		731,910
	33,600	Southern Union Co.		511,392
	18,000	AGL Resources, Inc.		477,540
				2,910,424
		NATURAL GAS - DIVERSIFIED (2.7%)
	80,000	Southwestern Energy Co. *		2,375,200
	53,470	XTO Energy, Inc.		1,637,252
	32,000	Energen Corp.		932,160
	24,000	National Fuel Gas Co.		736,080
	20,000	EQT Corp.		626,600
	20,000	Questar Corp.		588,600
	8,600	EOG Resources, Inc.		470,936
	24,000	Penn Virginia Corp.		263,520
				7,630,348
		OILFIELD SERVICES/EQUIPMENT (1.6%)
	44,000	FMC Technologies, Inc. *		1,380,280
	10,500	Core Laboratories N.V.		768,180
	25,000	AZZ, Inc. *		659,750
	20,000	Bristow Group, Inc. *		428,600
	32,000	Weatherford International Ltd. *		354,240
	11,000	Arena Resources, Inc. *		280,280
	14,600	Exterran Holdings, Inc. *		233,892
	18,000	Willbros Group, Inc. *		174,600
	8,000	Superior Energy Services, Inc. *		103,120
				4,382,942

 4

Value Line Premier Growth Fund, Inc.

Schedule of Investments (unaudited)

Shares			Value
		PACKAGING & CONTAINER (1.0%)
	30,700	AptarGroup, Inc.	$	955,998
	34,000	CLARCOR, Inc.		856,460
	18,500	Greif, Inc. Class A		615,865
	7,000	Ball Corp.		303,800
				2,732,123
		PAPER & FOREST PRODUCTS (0.0%)
	27,000	Votorantim Celulose e Papel S.A. ADR *		118,260
		PETROLEUM - INTEGRATED (1.3%)
	64,000	Petroleo Brasileiro S.A. ADR		1,950,080
	13,700	Total S.A. ADR		672,122
	32,000	Tesoro Corp.		431,040
	14,000	BASF AG ADR		424,060
				3,477,302
		PETROLEUM - PRODUCING (2.0%)
	66,000	Range Resources Corp.		2,716,560
	77,500	Tenaris S.A. ADR		1,563,175
	8,600	CNOOC Ltd. ADR		865,160
	22,200	Forest Oil Corp. *		291,930
	30,000	Quicksilver Resources, Inc. *		166,200
				5,603,025
		PHARMACY SERVICES (1.4%)
	40,000	Express Scripts, Inc. *		1,846,800
	30,000	Medco Health Solutions, Inc. *		1,240,200
	28,000	CVS Caremark Corp.		769,720
				3,856,720
		POWER (0.3%)
	58,000	Covanta Holding Corp. *		759,220
		PRECISION INSTRUMENT (1.3%)
	38,000	Thermo Fisher Scientific, Inc. *		1,355,460
	19,000	Waters Corp. *		702,050
	8,400	Mettler-Toledo International, Inc. *		431,172
	68,680	Siliconware Precision Industries Co. ADR		398,344
	9,400	Triumph Group, Inc.		359,080
	24,000	Woodward Governor Co.		268,320
				3,514,426
		R.E.I.T. (0.6%)
	9,400	Essex Property Trust, Inc.		538,996
	9,490	AvalonBay Communities, Inc.		446,599
	16,000	BRE Properties, Inc.		314,080
	16,000	Taubman Centers, Inc.		272,640
	4,000	SL Green Realty Corp.		43,200
	5,000	ProLogis		32,500
				1,648,015
		RAILROAD (1.2%)
	13,500	Burlington Northern Santa Fe Corp.		812,025

Shares			Value
	22,900	Canadian National Railway Co.	$	811,805
	20,000	Norfolk Southern Corp.		675,000
	19,000	Canadian Pacific Railway Ltd.		562,970
	41,000	Kansas City Southern *		521,110
				3,382,910
		RECREATION (0.3%)
	27,000	Marvel Entertainment, Inc. *		716,850
		RESTAURANT (1.3%)
	20,000	McDonald’s Corp.		1,091,400
	34,000	Yum! Brands, Inc.		934,320
	27,000	Darden Restaurants, Inc.		925,020
	65,000	Sonic Corp. *		651,300
				3,602,040
		RETAIL - AUTOMOTIVE (1.0%)
	8,400	AutoZone, Inc. *		1,366,008
	27,000	Copart, Inc. *		800,820
	18,000	O’Reilly Automotive, Inc. *		630,180
				2,797,008
		RETAIL - SPECIAL LINES (2.0%)
	44,000	GameStop Corp. Class A *		1,232,880
	34,500	Buckle, Inc. (The)		1,101,585
	33,500	Aeropostale, Inc. *		889,760
	34,300	TJX Companies, Inc. (The)		879,452
	45,000	Dick’s Sporting Goods, Inc. *		642,150
	24,000	Gymboree Corp. (The) *		512,400
	48,700	Rush Enterprises, Inc. Class A *		434,404
				5,692,631
		RETAIL STORE (0.5%)
	18,000	Costco Wholesale Corp.		833,760
	33,000	Nordstrom, Inc.		552,750
				1,386,510
		SECURITIES BROKERAGE (0.8%)
	6,200	Goldman Sachs Group, Inc. (The)		657,324
	33,000	Raymond James Financial, Inc.		650,100
	6,300	IntercontinentalExchange, Inc. *		469,161
	7,000	Stifel Financial Corp. *		303,170
				2,079,755
		SHOE (0.7%)
	20,000	NIKE, Inc. Class B		937,800
	13,000	Deckers Outdoor Corp. *		689,520
	16,000	Wolverine World Wide, Inc.		249,280
				1,876,600
		STEEL - GENERAL (0.1%)
	16,000	Cliffs Natural Resources, Inc.		290,560
		TELECOMMUNICATION SERVICES (2.6%)
	35,750	American Tower Corp. Class A *		1,087,872

 5

Value Line Premier Growth Fund, Inc.

March 31, 2009

Shares			Value
	50,877	Crown Castle International Corp. *	$	1,038,400
	16,000	Equinix, Inc. *		898,400
	19,500	Philippine Long Distance Telephone Co. ADR		860,535
	113,500	Vimpel-Communications ADR		742,290
	20,000	Mobile TeleSystems ADR		598,400
	21,000	CenturyTel, Inc.		590,520
	14,500	Millicom International Cellular S.A.		537,080
	52,300	TW Telecom, Inc. *		457,625
	34,000	Telmex Internacional S.A.B. de C.V. ADR		311,780
				7,122,902
		TELECOMMUNICATIONS EQUIPMENT (0.5%)
	22,700	Anixter International, Inc. *		719,136
	34,000	CommScope, Inc. *		386,240
	12,000	Comtech Telecommunications Corp. *		297,240
				1,402,616
		THRIFT (0.7%)
	89,768	Hudson City Bancorp, Inc.		1,049,388
	47,250	People’s United Financial, Inc.		849,083
				1,898,471
		TIRE & RUBBER (0.1%)
	12,400	Carlisle Companies, Inc.		243,412
		TOBACCO (0.6%)
	17,000	British American Tobacco PLC ADR		782,000
	16,000	Philip Morris International, Inc.		569,280
	16,000	Altria Group, Inc.		256,320
				1,607,600
		TOILETRIES & COSMETICS (0.4%)
	14,000	Chattem, Inc. *		784,700
	24,800	Luxottica Group S.p.A. ADR		381,920
				1,166,620
		TRUCKING (1.2%)
	76,000	Landstar System, Inc.		2,543,720
	33,000	Hunt (J.B.) Transport Services, Inc.		795,630
				3,339,350
		WATER UTILITY (0.2%)
	27,600	Cia de Saneamento Basico do Estado de Sao Paulo ADR		589,260
		WIRELESS NETWORKING (0.8%)
	43,000	SBA Communications Corp. Class A *		1,001,900
	15,900	Research In Motion Ltd. *		684,813
	11,300	Itron, Inc. *		535,055
				2,221,768
		TOTAL COMMON STOCKS AND TOTAL INVESTMENT SECURITIES (97.1%) (Cost $300,438,480)		269,933,213

Principal Amount			Value
SHORT-TERM INVESTMENTS (2.8%)
		U.S. TREASURY OBLIGATIONS (2.4%)
$	6,700,000	United States Treasury Bill, 0.13%, 4/23/09 (1)	$	6,699,959
		REPURCHASE AGREEMENTS (2) (0.4%)
	1,100,000	With Morgan Stanley, 0.06%, dated 3/31/09, due 4/1/09, delivery value $1,100,002 (collateralized by $1,120,000 U.S. Treasury Notes 1.125%, due 12/15/11, with a value of $1,126,994), 0.0%, 1/1/00		1,100,000
		TOTAL SHORT-TERM INVESTMENTS (Cost $7,799,959)		7,799,959
CASH AND OTHER ASSETS IN EXCESS OF LIABILITIES (0.1%)				265,340
NET ASSETS (3) (100%)			$	277,998,512
NET ASSET VALUE OFFERING AND REDEMPTION PRICE, PER OUTSTANDING SHARE ($277,998,512 ÷ 18,141,099 shares outstanding)			$	15.32

*	Non-income producing.
(1)	The rate shown on discount securities represents the yield or rate at the end of the reporting period.
(2)	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.
(3)	For federal income tax purposes, the aggregate cost was $308,238,439, aggregate gross unrealized appreciation was $49,858,682, aggregate gross unrealized depreciation was $80,363,949 and the net unrealized ddepreciation was $30,505,267.
ADR	American Depositary Receipt.

 6

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 following is a summary of the inputs used as of March 31, 2009 in valuing the Fund’s investments carried at value:

Valuation Inputs	Investments in Securities		Other Financial Instruments*
Level 1 - Quoted Prices	$	269,933,213		—
Level 2 - Other Significant Observable Inputs		7,799,959		—
Level 3 - Significant Unobservable Inputs		—		—
Total	$	277,733,172		—

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

For the period ended 3/31/09, there were no Level 3 investments.

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/ Mitchell E. Appel
	Mitchell E. Appel, President
Date:	June 1, 2009

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/ Mitchell E. Appel
	Mitchell E. Appel, President, Principal Executive Officer
By:	/s/ Emily D. Washington
	Emily D. Washington, Treasurer, Principal Financial Officer
Date:	June 1, 2009

EX-99.CERT

Exhibit 99.CERT

CERTIFICATIONS

I, Mitchell E. Appel, 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:	June 1, 2009	/s/ Mitchell E. Appel
		Mitchell E. Appel
		President
		The Value Line Premier Growth Fund, Inc.

CERTIFICATIONS

I, Emily D. Washington, 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:	June 1, 2009	/s/ Emily D. Washington
		Emily D. Washington
		Treasurer
		The Value Line Premier Growth Fund, Inc.