FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF

REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-04471

Value Line Aggressive Income Trust

220 E. 42 Street, New York, NY 10017      

(Address of principal executive officers)

Mitchell E. Appel                                       

(Name and address of agent for service)

Registrant’s telephone number, including area code: 212-907-1500

Date of Fiscal year-end: December 31

Date of reporting period: July 1, 2007 – June 30, 2008

Item 1. Proxy Voting Record:

******************************* FORM N-PX REPORT *******************************

ICA File Number: 811-04471
Reporting Period: 07/01/2007 - 06/30/2008
Value Line Aggressive Income Trust









====================== VALUE LINE AGGRESSIVE INCOME TRUST ======================


BOOKHAM, INC

Ticker:       BKHM           Security ID:  09856E105
Meeting Date: OCT 23, 2007   Meeting Type: Annual
Record Date:  SEP 10, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Peter F. Bordui            For       For        Management
1.2   Elect Director David Simpson              For       For        Management
2     Amend Omnibus Stock Plan                  For       Against    Management
3     Ratify Auditors                           For       For        Management


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BOOKHAM, INC

Ticker:       BKHM           Security ID:  09856E105
Meeting Date: JAN 25, 2008   Meeting Type: Special
Record Date:  DEC 3, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Omnibus Stock Plan                  For       For        Management


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COEUR D' ALENE MINES CORP.

Ticker:       CDE            Security ID:  192108108
Meeting Date: DEC 7, 2007    Meeting Type: Special
Record Date:  OCT 19, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Increase Authorized Common Stock          For       For        Management
2     Issue Shares in Connection with an        For       For        Management
      Acquisition
3     Adjourn Meeting                           For       For        Management


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CRESCENT REAL ESTATE EQUITIES COMPANY

Ticker:       CEI            Security ID:  225756105
Meeting Date: AUG 1, 2007    Meeting Type: Special
Record Date:  JUN 22, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2     Other Business                            For       Against    Management


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MEADE INSTRUMENTS CORP.

Ticker:       MEAD           Security ID:  583062104
Meeting Date: JUL 12, 2007   Meeting Type: Annual
Record Date:  MAY 21, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Steven L. Muellner         For       For        Management
1.2   Elect Director Paul D. Sonkin             For       For        Management
1.3   Elect Director Steven G. Murdock          For       Withhold   Management
1.4   Elect Director Harry L. Casari            For       For        Management
1.5   Elect Director Timothy C. McQuay          For       For        Management
1.6   Elect Director F.H. Schneider, Jr.        For       For        Management
1.7   Elect Director James M. Chadwick          For       For        Management
2     Ratify Auditors                           For       For        Management


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XCEL ENERGY INC.

Ticker:       XEL            Security ID:  98389B100
Meeting Date: MAY 21, 2008   Meeting Type: Annual
Record Date:  MAR 25, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director C. Coney Burgess           For       For        Management
1.2   Elect Director Fredric W. Corrigan        For       For        Management
1.3   Elect Director Richard K. Davis           For       For        Management
1.4   Elect Director Roger R. Hemminghaus       For       For        Management
1.5   Elect Director A. Barry Hirschfeld        For       For        Management
1.6   Elect Director Richard C. Kelly           For       For        Management
1.7   Elect Director Douglas W. Leatherdale     For       For        Management
1.8   Elect Director Albert F. Moreno           For       For        Management
1.9   Elect Director Margaret R. Preska         For       For        Management
1.10  Elect Director A. Patricia Sampson        For       For        Management
1.11  Elect Director Richard H. Truly           For       For        Management
1.12  Elect Director David A. Westerlund        For       For        Management
1.13  Elect Director Timothy V. Wolf            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Adopt Majority Voting for Uncontested     For       For        Management
      Election of Directors
4     Require Independent Board Chairman        Against   Against    Shareholder
5     Adopt Principles for Health Care Reform   Against   Against    Shareholder


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YRC WORLDWIDE INC

Ticker:       YRCW           Security ID:  984249102
Meeting Date: MAY 15, 2008   Meeting Type: Annual
Record Date:  MAR 18, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Michael T. Byrnes          For       For        Management
1.2   Elect Director Cassandra C. Carr          For       For        Management
1.3   Elect Director Howard M. Dean             For       For        Management
1.4   Elect Director Dennis E. Foster           For       For        Management
1.5   Elect Director John C. Mckelvey           For       For        Management
1.6   Elect Director Phillip J. Meek            For       For        Management
1.7   Elect Director Mark A. Schulz             For       For        Management
1.8   Elect Director William L. Trubeck         For       For        Management
1.9   Elect Director Carl W. Vogt               For       For        Management
1.10  Elect Director William D. Zollars         For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management

========== END NPX REPORT

SIGNATURES:

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Value Line Fund, Inc.

(Registrant)

By: /s/ Mitchell E. Appel                         

Mitchell E. Appel

President

Date: October 9, 2008