13F-NT 1 pbvi3q01.txt TYPE 13F-NT PERIOD 09/30/01 FILER CIK 810717 CCC b7pf@xsm SROS NONE SUBMISSION-CONTACT NAME Michael T. Brophy PHONE 610-578-1281 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2001 Check here if Amendment [ ]; Amendment Number: ____ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Pilgrim Baxter Value Investors, Inc. Address: 1400 Liberty Ridge Drive Wayne, PA 19087-5593 Form 13F File Number: 28-2506 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Michael T. Brophy Title: Senior Compliance Officer Phone: 610-578-1281 Signature, Place, and Date of Signing: Michael T. Brophy Wayne, PA 10/31/01 [Signature] [City, State] [Date] Report Type (Check only one.): [ ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [X] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: 13F File Number Name 28-1904 Pilgrim Baxter & Associates, Ltd. I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.