Value Line, Inc. is engaged in producing investment-related periodical publications through its wholly owned subsidiary, Value Line Publishing, Inc. (VLP), and providing investment advisory services to mutual funds, institutions and individual clients. In addition to publishing investment related periodicals both in print and electronic formats, VLP provides current and historical financial databases in standard computer formats, and markets investment analysis software. As of April 30, 2002, the Company served as investment adviser for the Value Line Family of Mutual Funds that included 15 open-end investment companies. It also manages pension funds and institutional and individual portfolios. In addition to VLP, the Companys other wholly owned subsidiaries include a registered broker-dealer, Value Line Securities, Inc.; an advertising agency, Vanderbilt Advertising Agency, Inc., and a provider of subscription fulfillment services, Compupower Corporation.