t73642_nq.htm

Value Line Premier Growth Fund, Inc.

Schedule of Investments (unaudited)

March 31, 2012

Shares			Value
COMMON STOCKS (93.6%)

		CONSUMER DISCRETIONARY (13.2%)
	8,400	AutoZone, Inc. *	$	3,123,120
	24,000	Bed Bath & Beyond, Inc. *		1,578,480
	28,000	BorgWarner, Inc. *		2,361,520
	29,000	Brinker International, Inc.		798,950
	10,500	Buckle, Inc. (The)		502,950
	5,000	Chipotle Mexican Grill, Inc. *		2,090,000
	14,000	Coach, Inc.		1,081,920
	27,200	Ctrip.com International Ltd. ADR *		588,608
	17,000	Darden Restaurants, Inc.		869,720
	16,000	Deckers Outdoor Corp. *		1,008,800
	34,000	Domino’s Pizza, Inc.		1,234,200
	10,000	Fossil, Inc. *		1,319,800
	16,000	Genuine Parts Co.		1,004,000
	15,200	Gildan Activewear, Inc.		418,760
	27,000	HSN, Inc.		1,026,810
	27,000	Johnson Controls, Inc.		876,960
	17,000	Life Time Fitness, Inc. *		859,690
	56,000	LKQ Corp. *		1,745,520
	12,000	McDonald’s Corp.		1,177,200
	7,000	Monro Muffler Brake, Inc.		290,430
	8,000	NIKE, Inc. Class B		867,520
	18,000	O’Reilly Automotive, Inc. *		1,644,300
	13,000	Penn National Gaming, Inc. *		558,740
	5,000	Priceline.com, Inc. *		3,587,500
	20,000	PVH Corp.		1,786,600
	27,000	Signet Jewelers Ltd.		1,276,560
	25,000	Starbucks Corp.		1,397,250
	68,600	TJX Companies, Inc. (The)		2,724,106
	6,000	Ulta Salon, Cosmetics & Fragrance, Inc.		557,340
	10,000	Under Armour, Inc. Class A *		940,000
	21,000	Vitamin Shoppe, Inc. *		928,410
	26,500	Warnaco Group, Inc. (The) *		1,547,600
	6,000	Wynn Resorts Ltd.		749,280
	34,000	Yum! Brands, Inc.		2,420,120
				44,942,764

		CONSUMER STAPLES (8.3%)
	68,000	BRF - Brasil Foods S.A. ADR		1,360,680
	17,000	British American Tobacco PLC ADR		1,720,740
	9,800	Brown-Forman Corp. Class B		817,222
	11,000	Bunge Ltd.		752,840
	48,400	Church & Dwight Co., Inc.		2,380,796
	16,800	Coca-Cola Femsa, S.A.B. de C.V. ADR		1,779,288
	130,000	Companhia de Bebidas das Americas ADR		5,371,600
	14,000	Costco Wholesale Corp.		1,271,200
	14,000	Energizer Holdings, Inc. *		1,038,520
	49,875	Flowers Foods, Inc.		1,015,954
	20,000	Fomento Economico Mexicano S.A.B. de C.V. ADR		1,645,400
	26,000	General Mills, Inc.		1,025,700
	43,000	Green Mountain Coffee Roasters, Inc. *		2,014,120
	32,000	Harris Teeter Supermarkets, Inc.		1,283,200
	15,000	Herbalife Ltd.		1,032,300
	40,000	Hormel Foods Corp.		1,180,800
	10,000	PepsiCo, Inc.		663,500
	20,000	Reynolds American, Inc.		828,800
	4,000	TreeHouse Foods, Inc. *		238,000

Shares			Value
	9,000	Whole Foods Market, Inc.	$	748,800
				28,169,460

		ENERGY (4.3%)
	8,600	CNOOC Ltd. ADR		1,756,894
	13,000	Concho Resources, Inc. *		1,327,040
	19,600	Core Laboratories N.V.		2,578,772
	12,000	Devon Energy Corp.		853,440
	20,000	EQT Corp.		964,200
	80,000	FMC Technologies, Inc. *		4,033,600
	3,000	Rosetta Resources, Inc. *		146,280
	22,000	Tenaris S.A. ADR		841,060
	26,000	TransCanada Corp.		1,118,000
	18,000	Ultrapar Participacoes S.A. ADR		390,420
	13,000	World Fuel Services Corp.		533,000
				14,542,706

		FINANCIALS (10.2%)
	19,000	Affiliated Managers Group, Inc. *		2,124,390
	20,600	AFLAC, Inc.		947,394
	26,000	American Tower Corp. REIT		1,638,520
	45,000	Arch Capital Group Ltd. *		1,675,800
	9,490	AvalonBay Communities, Inc. REIT		1,341,412
	1,600	Banco de Chile ADR		151,888
	35,000	Bancolombia S.A. ADR		2,263,100
	13,300	Bank of Montreal		790,286
	22,100	Bank of Nova Scotia		1,238,484
	10,700	BlackRock, Inc.		2,192,430
	16,000	BRE Properties, Inc. REIT		808,800
	8,200	Canadian Imperial Bank of Commerce		627,218
	27,000	Digital Realty Trust, Inc. REIT		1,997,190
	19,000	Eaton Vance Corp.		543,020
	8,000	Equity Lifestyle Properties, Inc. REIT		557,920
	9,400	Essex Property Trust, Inc. REIT		1,424,194
	17,000	HCP, Inc. REIT		670,820
	75,500	HDFC Bank Ltd. ADR		2,574,550
	16,000	ICICI Bank Ltd. ADR		557,920
	71,376	Itau Unibanco Holding S.A. ADR		1,369,705
	20,000	Leucadia National Corp.		522,000
	9,000	M&T Bank Corp.		781,920
	2,000	PartnerRe Ltd.		135,780
	9,000	Portfolio Recovery Associates, Inc. *		645,480
	15,000	ProAssurance Corp.		1,321,650
	26,000	Royal Bank of Canada		1,509,300
	18,000	Stifel Financial Corp. *		681,120
	21,000	T. Rowe Price Group, Inc.		1,371,300
	8,000	Taubman Centers, Inc. REIT		583,600
	7,400	Toronto-Dominion Bank (The)		628,630
	30,000	Wells Fargo & Co.		1,024,200
				34,700,021

		HEALTH CARE (12.8%)
	80,000	Alexion Pharmaceuticals, Inc. *		7,428,800
	17,200	Allergan, Inc.		1,641,396
	16,000	Bayer AG ADR		1,124,640
	14,500	Becton, Dickinson & Co.		1,125,925
	2,800	Bio-Rad Laboratories, Inc. Class A *		290,332
	14,800	Bio-Reference Laboratories, Inc. *		347,948
	7,000	C.R. Bard, Inc.		691,040
	22,000	Cerner Corp. *		1,675,520
	2,000	Computer Programs & Systems, Inc.		113,040

Value Line Premier Growth Fund, Inc.

March 31, 2012

Shares			Value
	6,000	DaVita, Inc. *	$	541,020
	4,000	DENTSPLY International, Inc.		160,520
	26,000	Edwards Lifesciences Corp. *		1,890,980
	19,000	Endo Pharmaceuticals Holdings, Inc. *		735,870
	46,000	Express Scripts, Inc. *		2,492,280
	20,900	Fresenius Medical Care AG & Co. KGaA ADR		1,476,585
	38,800	Henry Schein, Inc. *		2,936,384
	52,000	HMS Holdings Corp. *		1,622,920
	24,000	IDEXX Laboratories, Inc. *		2,098,800
	28,000	Impax Laboratories, Inc. *		688,240
	7,000	Intuitive Surgical, Inc. *		3,792,250
	4,000	MAKO Surgical Corp. *		168,600
	9,400	Mettler-Toledo International, Inc. *		1,736,650
	3,100	MWI Veterinary Supply, Inc. *		272,800
	17,800	Novo Nordisk A/S ADR		2,469,038
	28,500	Owens & Minor, Inc.		866,685
	28,000	SXC Health Solutions Corp. *		2,098,880
	3,700	Techne Corp.		259,370
	23,000	Teva Pharmaceutical Industries Ltd. ADR		1,036,380
	12,000	Thermo Fisher Scientific, Inc.		676,560
	15,000	Universal Health Services, Inc. Class B		628,650
	22,000	Volcano Corp. *		623,700
				43,711,803

		INDUSTRIALS (20.4%)
	85,000	ABB Ltd. ADR *		1,734,850
	24,300	Acuity Brands, Inc.		1,526,769
	49,500	AMETEK, Inc.		2,401,245
	20,600	AZZ, Inc.		1,063,784
	31,000	BE Aerospace, Inc. *		1,440,570
	15,000	C.H. Robinson Worldwide, Inc.		982,350
	22,900	Canadian National Railway Co.		1,818,947
	5,800	Chart Industries, Inc. *		425,314
	32,000	Chicago Bridge & Iron Co. N.V.		1,382,080
	34,000	CLARCOR, Inc.		1,669,060
	7,000	Clean Harbors, Inc. *		471,310
	32,000	Danaher Corp.		1,792,000
	56,000	Donaldson Co., Inc.		2,000,880
	35,200	Eaton Corp.		1,754,016
	41,000	EnerSys *		1,420,650
	18,000	Esterline Technologies Corp. *		1,286,280
	12,000	Fastenal Co.		649,200
	7,000	FedEx Corp.		643,720
	12,000	Flowserve Corp.		1,386,120
	11,000	Fluor Corp.		660,440
	6,000	Graco, Inc.		318,360
	17,800	HEICO Corp.		918,302
	29,850	IDEX Corp.		1,257,580
	17,600	IHS, Inc. Class A *		1,648,240
	20,000	Iron Mountain, Inc.		576,000
	33,000	J.B. Hunt Transport Services, Inc.		1,794,210
	21,000	Kansas City Southern *		1,505,490
	21,000	Kirby Corp. *		1,381,590
	5,000	L-3 Communications Holdings, Inc.		353,850
	88,500	Lan Airlines S.A. ADR		2,574,465
	26,000	Lincoln Electric Holdings, Inc.		1,178,320
	20,000	Norfolk Southern Corp.		1,316,600
	12,800	Precision Castparts Corp.		2,213,120
	6,000	Regal-Beloit Corp.		393,300
	43,500	Republic Services, Inc.		1,329,360

Shares			Value
	11,000	Rockwell Collins, Inc.	$	633,160
	54,000	Rollins, Inc.		1,149,120
	34,000	Roper Industries, Inc.		3,371,440
	50,700	Rush Enterprises, Inc. Class A *		1,075,854
	36,600	Stericycle, Inc. *		3,061,224
	2,000	Teledyne Technologies, Inc. *		126,100
	33,000	Toro Co. (The)		2,346,630
	16,700	Towers Watson & Co. Class A		1,103,369
	15,000	TransDigm Group, Inc. *		1,736,400
	17,000	Union Pacific Corp.		1,827,160
	17,000	United Technologies Corp.		1,409,980
	6,700	Valmont Industries, Inc.		786,647
	8,000	Verisk Analytics, Inc. Class A *		375,760
	7,600	W.W. Grainger, Inc.		1,632,556
	16,000	Wabtec Corp.		1,205,920
	47,200	Waste Connections, Inc.		1,535,416
	24,000	Woodward Inc.		1,027,920
				69,673,028

		INFORMATION TECHNOLOGY (12.8%)
	23,000	Accenture PLC Class A		1,483,500
	16,000	Alliance Data Systems Corp. *		2,015,360
	30,800	Amphenol Corp. Class A		1,840,916
	18,700	Anixter International, Inc. *		1,356,311
	60,000	ANSYS, Inc. *		3,901,200
	40,000	Ariba, Inc. *		1,308,400
	14,000	Avago Technologies Ltd.		545,580
	21,000	Canon, Inc. ADR		1,000,860
	26,000	Check Point Software Technologies Ltd. *		1,659,840
	42,000	Cognizant Technology Solutions Corp. Class A *		3,231,900
	3,000	CommVault Systems, Inc. *		148,920
	16,000	Equinix, Inc. *		2,519,200
	40,000	Informatica Corp. *		2,116,000
	11,800	MasterCard, Inc. Class A		4,962,372
	37,200	MICROS Systems, Inc. *		2,056,788
	12,000	Netgear, Inc. *		458,400
	38,000	Rackspace Hosting, Inc. *		2,196,020
	27,000	Salesforce.com, Inc. *		4,171,770
	15,000	Solera Holdings, Inc.		688,350
	12,000	Taleo Corp. Class A *		551,160
	7,000	TIBCO Software, Inc. *		213,500
	28,000	Trimble Navigation Ltd. *		1,523,760
	16,000	VeriFone Systems, Inc. *		829,920
	13,000	VMware, Inc. Class A *		1,460,810
	19,300	Wright Express Corp. *		1,249,289
				43,490,126

		MATERIALS (7.5%)
	16,000	Agrium, Inc.		1,381,920
	15,000	Air Products & Chemicals, Inc.		1,377,000
	25,000	Albemarle Corp.		1,598,000
	30,700	AptarGroup, Inc.		1,681,439
	20,000	Ball Corp.		857,600
	14,000	BASF SE ADR		1,225,420
	11,000	Celanese Corp. Series A		507,980
	4,000	CF Industries Holdings, Inc.		730,600
	18,000	Crown Holdings, Inc. *		662,940
	20,000	Cytec Industries, Inc.		1,215,800
	8,000	FMC Corp.		846,880
	10,500	Greif, Inc. Class A		587,160

Value Line Premier Growth Fund, Inc.

Schedule of Investments (unaudited)

Shares			Value
	3,000	LSB Industries, Inc. *	$	116,760
	9,000	NewMarket Corp.		1,686,600
	30,000	Praxair, Inc.		3,439,200
	24,000	Rockwood Holdings, Inc. *		1,251,600
	20,200	Scotts Miracle-Gro Co. (The) Class A		1,094,032
	8,000	Sherwin-Williams Co. (The)		869,360
	30,000	Sigma-Aldrich Corp.		2,191,800
	12,800	Syngenta AG ADR *		881,024
	32,000	Valspar Corp. (The)		1,545,280
				25,748,395

		TELECOMMUNICATION SERVICES (1.6%)
	4,000	AboveNet, Inc. *		331,200
	40,000	Crown Castle International Corp. *		2,133,600
	4,000	Millicom International Cellular S.A.		452,000
	10,000	Rogers Communications, Inc. Class B		397,000
	43,000	SBA Communications Corp. Class A *		2,184,830
				5,498,630

		UTILITIES (2.5%)
	18,000	AGL Resources, Inc.		705,960
	27,600	Cia de Saneamento Basico do Estado de Sao Paulo ADR		2,114,712
	25,000	CPFL Energia S.A. ADR		756,250
	20,000	ITC Holdings Corp.		1,538,800
	17,400	NSTAR		846,162
	16,000	ONEOK, Inc.		1,306,560
	20,000	Questar Corp.		385,200
	26,800	Wisconsin Energy Corp.		942,824
				8,596,468

		TOTAL COMMON STOCKS AND TOTAL INVESTMENT SECURITIES (93.6%)
		(Cost $167,936,506)		319,073,401

Principal Amount			Value
SHORT-TERM INVESTMENTS (6.7%)

		REPURCHASE AGREEMENTS (6.7%)
$	23,000,000	With Morgan Stanley, 0.08%, dated 03/30/12, due 04/02/12, delivery value $23,000,153 (collateralized by $21,640,000 U.S. Treasury Notes 2.7500% due 02/15/19, with a value of $23,397,321)		23,000,000

		TOTAL SHORT-TERM INVESTMENTS
		(Cost $23,000,000) (6.7%)		23,000,000
EXCESS OF LIABILITIES OVER CASH AND OTHER ASSETS (-0.3%)				(989,894	)
NET ASSETS (1) (100%)			$	341,083,507
NET ASSET VALUE OFFERING AND REDEMPTION PRICE, PER OUTSTANDING SHARE
($341,083,507 ÷ 11,369,963 shares outstanding)			$	30.00

*	Non-income producing.
(1)	For federal income tax purposes, the aggregate cost was $190,936,506, aggregate gross unrealized appreciation was $152,456,877, aggregate gross unrealized depreciation was $1,319,982 and the net unrealized appreciation was $151,136,895.
ADR	American Depositary Receipt.
REIT	Real Estate Investment Trust.

The Fund follows fair valuation accounting standards (FASB ASC 820-10) which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion of changes in valuation techniques and related inputs during the period. These inputs are summarized in the three broad levels listed below:



●	Level 1 – Inputs that reflect unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access at the measurement date;
●	Level 2 – Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly, including inputs in markets that are not considered to be active;
●	Level 3 – Inputs that are unobservable.

Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment’s valuation changes. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following table summarizes the inputs used to value the Fund’s investments in securities as of March 31, 2012:


Investments in Securities:	Level 1		Level 2		Level 3		Total
Assets
Common Stocks	$	319,073,401	$	0	$	0	$	319,073,401
Short-Term Investments		0		23,000,000		0		23,000,000

Total Investments in Securities	$	319,073,401	$	23,000,000	$	0	$	342,073,401

In May 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2011- 04, “Fair Value Measurements and Disclosures (Topic 820) - Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs” (“ASU 2011-04”). ASU 2011-04 clarifies the application of existing fair value measurement requirements, changes certain principles related to measuring fair value, and requires additional disclosures about fair value measurements.

Specifically, the guidance specifies that the concepts of highest and best use and valuation premise in a fair value measurement are only relevant when measuring the fair value of nonfinancial assets whereas they are not relevant when measuring the fair value of financial assets and liabilities.

Required disclosures are expanded under the new guidance, especially for fair value measurements that are categorized within Level 3 of the fair value hierarchy, for which quantitative information about the unobservable inputs used, and a narrative description of the valuation processes in place and sensitivity of recurring Level 3 measurements to changes in unobservable inputs will be required. Entities will also be required to disclose the categorization by level of the fair value hierarchy for items that are not measured at fair value in the statement of financial position but for which the fair value is required to be disclosed.

ASU 2011-04 is effective for annual periods beginning after December 15, 2011 and is to be applied prospectively. The Fund is currently assessing the impact of this guidance on its financial statements.

The Fund follows the updated provisions surrounding fair value measurements and disclosures on transfers in and out of all levels of the fair value hierarchy on a gross basis and the reasons for the transfers as well as to disclosures about the valuation techniques and inputs used to measure fair value for investments that fall in either Level 2 or Level 3 fair value hierarchy.

For the period ended March 31, 2012, there was no significant transfer activity between Level 1 and Level 2.

For the period ended March 31, 2012, there were no Level 3 investments. The Schedule of Investments includes a breakdown of the Schedule’s investments by category.

By:	/s/ Mitchell E. Appel
	Mitchell E. Appel, President

Date:	May 30, 2012

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:	May 30, 2012