Exhibit 21.1

Subsidiaries of the Registrant

	State of	Percentage of Voting Securities
	Incorporation	Owned By Registrant
Value Line Publishing, Inc.	New York		100%
Compupower Corporation	Delaware		100%
EULAV Securities, Inc.	New York		100%
The Vanderbilt Advertising Agency, Inc.	New York		100%
Value Line Distribution Center, Inc.	New Jersey		100%
EULAV Asset Management, LLC	Delaware		100%