t74996_nq.htm

Value Line Premier Growth Fund, Inc.

Schedule of Investments (unaudited)	September 30, 2012

Shares			Value
COMMON STOCKS (99.3%)
		CONSUMER DISCRETIONARY (13.1%)
	8,400	AutoZone, Inc. *	$	3,105,228
	24,000	Bed Bath & Beyond, Inc. *		1,512,000
	28,000	BorgWarner, Inc. *		1,935,080
	40,000	Brinker International, Inc.		1,412,000
	10,500	Buckle, Inc. (The) (1)		477,015
	5,000	Chipotle Mexican Grill, Inc. *		1,587,700
	14,000	Coach, Inc.		784,280
	37,000	Darden Restaurants, Inc.		2,062,750
	30,000	Dick’s Sporting Goods, Inc.		1,555,500
	34,000	Domino’s Pizza, Inc.		1,281,800
	6,000	Fossil, Inc. *		508,200
	16,000	Genuine Parts Co.		976,480
	15,200	Gildan Activewear, Inc.		481,536
	27,000	HSN, Inc.		1,324,350
	27,000	Johnson Controls, Inc.		739,800
	17,000	Life Time Fitness, Inc. * (1)		777,580
	112,000	LKQ Corp. *		2,072,000
	24,000	McDonald’s Corp.		2,202,000
	7,000	Monro Muffler Brake, Inc.		246,330
	8,000	NIKE, Inc. Class B		759,280
	18,000	O’Reilly Automotive, Inc. *		1,505,160
	13,000	Penn National Gaming, Inc. *		560,300
	2,200	Priceline.com, Inc. *		1,361,206
	18,000	PVH Corp.		1,686,960
	10,000	Signet Jewelers Ltd.		487,600
	25,000	Starbucks Corp.		1,268,750
	68,600	TJX Companies, Inc. (The)		3,072,594
	3,000	Ulta Salon, Cosmetics &
		Fragrance, Inc.		288,915
	20,000	Under Armour, Inc. Class A * (1)		1,116,600
	4,000	VF Corp.		637,440
	21,000	Vitamin Shoppe, Inc. *		1,224,720
	26,500	Warnaco Group, Inc. (The) *		1,375,350
	6,000	Wynn Resorts Ltd.		692,640
	34,000	Yum! Brands, Inc.		2,255,560
				43,334,704

		CONSUMER STAPLES (9.0%)
	68,000	BRF - Brasil Foods S.A. ADR (1)		1,176,400
	17,000	British American Tobacco PLC ADR		1,744,880
	21,300	Brown-Forman Corp. Class B		1,389,825
	20,000	Bunge Ltd.		1,341,000
	48,400	Church & Dwight Co., Inc.		2,613,116
	16,800	Coca-Cola Femsa, SAB de C.V. ADR (1)		2,167,200
	130,000	Companhia de Bebidas das Americas ADR		4,975,100
	14,000	Costco Wholesale Corp.		1,401,750
	21,000	Energizer Holdings, Inc.		1,566,810
	59,875	Flowers Foods, Inc.		1,208,278
	20,000	Fomento Economico Mexicano SAB de C.V. ADR (1)		1,839,600
	40,000	General Mills, Inc.		1,594,000
	33,000	Green Mountain Coffee Roasters, Inc. * (1)		783,750
	32,000	Harris Teeter Supermarkets, Inc.		1,242,880
	3,000	Herbalife Ltd.		142,200

Shares			Value
	40,000	Hormel Foods Corp.	$	1,169,600
	24,000	PepsiCo, Inc.		1,698,480
	22,000	Reynolds American, Inc.		953,480
	9,000	Whole Foods Market, Inc.		876,600
				29,884,949
		ENERGY (4.6%)
	8,600	CNOOC Ltd. ADR		1,743,478
	13,000	Concho Resources, Inc. *		1,231,750
	16,600	Core Laboratories N.V.		2,016,568
	12,000	Devon Energy Corp.		726,000
	17,000	Enbridge, Inc.		663,510
	20,000	EQT Corp.		1,180,000
	70,000	FMC Technologies, Inc. *		3,241,000
	18,000	Noble Energy, Inc.		1,668,780
	22,000	Tenaris S.A. ADR (1)		896,940
	26,000	TransCanada Corp. (1)		1,183,000
	24,000	Ultrapar Participacoes S.A. ADR		535,440
				15,086,466
		FINANCIALS (10.9%)
	8,000	ACE Ltd.		604,800
	19,000	Affiliated Managers Group, Inc. *		2,337,000
	20,600	AFLAC, Inc.		986,328
	36,000	American Tower Corp. REIT		2,570,040
	45,000	Arch Capital Group Ltd. *		1,875,600
	9,490	AvalonBay Communities, Inc. REIT		1,290,545
	8,151	Banco de Chile ADR (1)		679,794
	35,000	Bancolombia S.A. ADR (1)		2,089,850
	13,300	Bank of Montreal		785,232
	22,100	Bank of Nova Scotia (1)		1,211,522
	10,700	BlackRock, Inc.		1,907,810
	16,000	BRE Properties, Inc. REIT		750,240
	11,400	Camden Property Trust REIT		735,186
	8,200	Canadian Imperial Bank of Commerce (1)		641,158
	27,000	Digital Realty Trust, Inc. REIT (1)		1,885,950
	11,600	Equity Lifestyle Properties, Inc. REIT		790,192
	9,400	Essex Property Trust, Inc. REIT		1,393,456
	17,000	HCP, Inc. REIT		756,160
	75,500	HDFC Bank Ltd. ADR		2,837,290
	8,000	ICICI Bank Ltd. ADR		321,120
	71,376	Itau Unibanco Holding S.A. ADR		1,090,625
	9,000	M&T Bank Corp. (1)		856,440
	10,000	PartnerRe Ltd.		742,800
	15,000	ProAssurance Corp.		1,356,600
	26,000	Royal Bank of Canada		1,492,660
	18,000	Stifel Financial Corp. *		604,800
	21,000	T. Rowe Price Group, Inc.		1,329,300
	8,000	Taubman Centers, Inc. REIT		613,840
	7,400	Toronto-Dominion Bank (The) (1)		616,716
	30,000	Wells Fargo & Co.		1,035,900
				36,188,954
		HEALTH CARE (13.7%)
	49,000	Alexion Pharmaceuticals, Inc. *		5,605,600
	17,200	Allergan, Inc.		1,575,176
	16,000	Bayer AG ADR		1,374,240
	14,500	Becton, Dickinson & Co.		1,139,120

	Value Line Premier Growth Fund, Inc.

	September 30, 2012

Shares			Value
	1,300	Bio-Rad Laboratories, Inc. Class A*	$	138,736
	14,800	Bio-Reference Laboratories, Inc. * (1)		422,984
	15,000	C.R. Bard, Inc.		1,569,750
	28,000	Catamaran Corp. *		2,743,160
	31,000	Cerner Corp. *		2,399,710
	1,000	Computer Programs & Systems, Inc.		55,550
	6,000	DaVita, Inc. *		621,660
	4,000	DENTSPLY International, Inc.		152,560
	26,000	Edwards Lifesciences Corp. *		2,791,620
	19,000	Endo Health Solutions, Inc. *		602,680
	46,000	Express Scripts Holding Co. *		2,882,820
	20,900	Fresenius Medical Care AG & Co. KGaA ADR		1,534,060
	38,800	Henry Schein, Inc. *		3,075,676
	52,000	HMS Holdings Corp. *		1,738,360
	24,000	IDEXX Laboratories, Inc. *		2,384,400
	24,000	Impax Laboratories, Inc. *		623,040
	7,000	Intuitive Surgical, Inc. *		3,469,410
	13,400	Mettler-Toledo International, Inc. *		2,287,916
	3,100	MWI Veterinary Supply, Inc. *		330,708
	17,800	Novo Nordisk A/S ADR		2,809,018
	24,500	Owens & Minor, Inc.		732,060
	23,000	Teva Pharmaceutical Industries Ltd. ADR		952,430
	17,000	Thermo Fisher Scientific, Inc.		1,000,110
	15,000	Volcano Corp. *		428,550
				45,441,104
		INDUSTRIALS (23.9%)
	85,000	ABB Ltd. ADR		1,589,500
	24,300	Acuity Brands, Inc.		1,537,947
	96,750	AMETEK, Inc.		3,429,787
	41,200	AZZ, Inc.		1,564,776
	18,000	BE Aerospace, Inc. *		757,800
	15,000	C.H. Robinson Worldwide, Inc.		878,250
	22,900	Canadian National Railway Co.		2,020,467
	11,800	Chart Industries, Inc. *		871,430
	24,000	Chicago Bridge & Iron Co. N.V.		914,160
	35,000	CLARCOR, Inc.		1,562,050
	10,000	Clean Harbors, Inc. *		488,500
	49,000	Danaher Corp.		2,702,350
	56,000	Donaldson Co., Inc.		1,943,760
	45,200	Eaton Corp. (1)		2,136,152
	41,000	EnerSys *		1,446,890
	18,000	Esterline Technologies Corp. *		1,010,520
	12,000	Fastenal Co.		515,880
	15,000	FedEx Corp.		1,269,300
	3,000	Flowserve Corp.		383,220
	11,000	Fluor Corp.		619,080
	6,000	Graco, Inc.		301,680
	23,250	HEICO Corp.		899,543
	33,850	IDEX Corp.		1,413,914
	17,600	IHS, Inc. Class A *		1,713,360
	20,000	Iron Mountain, Inc.		682,200
	33,000	J.B. Hunt Transport Services, Inc.		1,717,320
	21,000	Kansas City Southern		1,591,380
	31,200	Kirby Corp. *		1,724,736

Shares			Value
	5,000	L-3 Communications Holdings, Inc.	$	358,550
	88,500	Lan Airlines S.A. ADR (1)		2,237,280
	26,000	Lincoln Electric Holdings, Inc.		1,015,300
	20,000	Norfolk Southern Corp.		1,272,600
	34,000	Parker Hannifin Corp.		2,841,720
	9,000	Portfolio Recovery Associates, Inc. *		939,870
	17,800	Precision Castparts Corp.		2,907,452
	43,500	Republic Services, Inc.		1,196,685
	11,000	Rockwell Collins, Inc.		590,040
	54,000	Rollins, Inc.		1,263,060
	36,000	Roper Industries, Inc.		3,956,040
	50,700	Rush Enterprises, Inc. Class A *		976,482
	2,000	Snap-on, Inc.		143,740
	36,600	Stericycle, Inc. *		3,313,032
	13,000	Teledyne Technologies, Inc. *		824,070
	66,000	Toro Co. (The)		2,625,480
	16,700	Towers Watson & Co. Class A		885,935
	8,000	TransDigm Group, Inc. *		1,134,960
	25,000	Union Pacific Corp.		2,967,500
	31,000	United Technologies Corp.		2,426,990
	6,700	Valmont Industries, Inc.		881,050
	2,000	Verisk Analytics, Inc. Class A *		95,220
	11,600	W.W. Grainger, Inc.		2,417,092
	16,000	Wabtec Corp.		1,284,640
	66,200	Waste Connections, Inc.		2,002,550
	24,000	Woodward Inc.		815,520
				79,058,810
		INFORMATION TECHNOLOGY (11.6%)
	23,000	Accenture PLC Class A		1,610,690
	19,400	Alliance Data Systems Corp. * (1)		2,753,830
	30,800	Amphenol Corp. Class A		1,813,504
	16,700	Anixter International, Inc.		959,582
	60,000	ANSYS, Inc. *		4,404,000
	18,000	Ariba, Inc. *		806,400
	21,000	Canon, Inc. ADR (1)		672,210
	24,000	Check Point Software Technologies Ltd. *		1,155,840
	42,000	Cognizant Technology Solutions Corp. Class A *		2,936,640
	16,000	Equinix, Inc. *		3,296,800
	15,000	Informatica Corp. *		522,150
	11,800	MasterCard, Inc. Class A		5,327,464
	37,200	MICROS Systems, Inc. *		1,827,264
	3,000	NCR Corp. *		69,930
	30,000	Rackspace Hosting, Inc. *		1,982,700
	25,000	Salesforce.com, Inc. *		3,817,250
	7,000	TIBCO Software, Inc. *		211,610
	28,000	Trimble Navigation Ltd. *		1,334,480
	8,000	VeriFone Systems, Inc. *		222,800
	13,000	VMware, Inc. Class A *		1,257,620
	20,300	Wright Express Corp. *		1,415,316
				38,398,080
		MATERIALS (8.2%)
	16,000	Agrium, Inc.		1,655,360
	15,000	Air Products & Chemicals, Inc.		1,240,500
	5,600	Albemarle Corp.		295,008
	30,700	AptarGroup, Inc.		1,587,497

	Value Line Premier Growth Fund, Inc.

Schedule of Investments (unaudited)

Shares			Value
	20,000	Ball Corp.	$	846,200
	14,000	BASF SE ADR		1,183,420
	4,000	CF Industries Holdings, Inc.		888,960
	4,000	Compass Minerals International, Inc.		298,360
	22,000	Crown Holdings, Inc. *		808,500
	20,000	Cytec Industries, Inc.		1,310,400
	27,000	Ecolab, Inc.		1,749,870
	16,000	FMC Corp.		886,080
	9,500	Greif, Inc. Class A		419,710
	9,000	NewMarket Corp.		2,218,320
	31,000	Praxair, Inc.		3,220,280
	24,000	Rockwood Holdings, Inc.		1,118,400
	20,200	Scotts Miracle-Gro Co. (The) Class A (1)		878,094
	8,000	Sherwin-Williams Co. (The)		1,191,280
	30,000	Sigma-Aldrich Corp.		2,159,100
	12,800	Syngenta AG ADR		958,080
	38,000	Valspar Corp. (The)		2,131,800
				27,045,219
		TELECOMMUNICATION SERVICES (1.6%)
	40,000	Crown Castle International Corp. *		2,564,000
	3,000	Rogers Communications, Inc. Class B		121,200
	43,000	SBA Communications Corp. Class A *		2,704,700
				5,389,900
		UTILITIES (2.7%)
	27,600	Cia de Saneamento Basico do Estado de Sao Paulo ADR		2,241,396
	25,000	CPFL Energia S.A. ADR (1)		547,750
	20,000	ITC Holdings Corp.		1,511,600
	32,000	ONEOK, Inc.		1,545,920
	52,000	Questar Corp.		1,057,160
	14,000	Sempra Energy		902,860
	26,800	Wisconsin Energy Corp.		1,009,556
				8,816,242
		TOTAL COMMON STOCKS
		(Cost $185,771,280) (99.3%)		328,644,428

Principal Amount			Value
SHORT-TERM INVESTMENTS (0.6%)
		REPURCHASE AGREEMENTS (0.6%)
$	2,000,000	With Morgan Stanley, 0.19%, dated 09/28/12, due 10/01/12, delivery value $2,000,032 (collateralized by $1,960,000 U.S. Treasury Notes 2.375% due 09/30/14, with a value of $2,043,734)	$	2,000,000

Principal Amount			Value
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES ON LOAN (6.2%)
		REPURCHASE AGREEMENTS (6.2%)
$	6,814,579	Joint Repurchase Agreement with Morgan Stanley, 0.20%, dated 09/28/12, due 10/01/12, delivery value $6,814,693 (collateralized by $6,950,893 U.S. Treasury Inflation Indexed Bonds 2.375% due 01/15/25, with a value of $6,926,247)	$	6,814,579
	6,814,579	Joint Repurchase Agreement with Barclays, 0.20%, dated 09/28/12, due 10/01/12, delivery value $6,814,693 (collateralized by $6,950,881 U.S. Treasury Inflation Indexed Notes 1.875% due 07/15/13, with a value of $6,925,173)		6,814,579
	6,814,579	Joint Repurchase Agreement with Credit Suisse First Boston, 0.23%, dated 09/28/12, due 10/01/12, delivery value $6,814,710 (collateralized by $6,952,176 U.S. Treasury Note 1.375% due 11/30/15, with a value of $6,921,927)		6,814,579

		TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES ON LOAN (Cost $20,443,737) (6.2%)		20,443,737

		TOTAL SHORT-TERM INVESTMENTS (Cost $22,443,737) (6.8%)	$	22,443,737

		TOTAL INVESTMENT SECURITIES (106.1%) (Cost $208,215,017)		351,088,165

EXCESS OF LIABILITIES OVER CASH AND OTHER ASSETS (-6.1%)				(20,260,470	)
NET ASSETS (2) (100%)			$	330,827,695
NET ASSET VALUE OFFERING AND REDEMPTION PRICE, PER OUTSTANDING SHARE ($330,827,695 ÷ 10,937,719 shares outstanding)			$	30.25

*	Non-income producing.
(1)	A portion or all of the security was held on loan. As of September 30, 2012, the market value (including accrued interest) of the securities on loan was $20,315,504.

	Value Line Premier Growth Fund, Inc.

	September 30, 2012

(2)	For federal income tax purposes, the aggregate cost was $208,215,017, aggregate gross unrealized appreciation was $145,328,281, aggregate gross unrealized depreciation was $2,455,133 and the net unrealized appreciation was $142,873,148.
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 September 30, 2012:

Investments in Securities:	Level 1		Level 2		Level 3		Total
Assets
Common Stocks	$	328,644,428	$	0	$	0	$	328,644,428
Short-Term Investments		0		22,443,737		0		22,443,737
Total Investments in Securities	$	328,644,428	$	22,443,737	$	0	$	351,088,165

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 of the fair value hierarchy.

For the period ended September 30, 2012, there was no significant transfer activity between Level 1 and Level 2.

For the period ended September 30, 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:	November 16, 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:	November 16, 2012