Phone:	(215)569-5734
Fax:	(215)832-5734
Email:	schwartz-g@blankrome.com

October 16, 2012

VIA EDGAR

Securities and Exchange Commission

Division of Investment Management

100 F Street, N.E.

Washington, D.C.  20549

Attention:  Kevin Rupert

Re:  Cornerstone Strategic Value Fund, Inc. (File No.: 811-05150)

Registration Statement on Form N-2

Request for Selective Review

Dear Mr. Rupert:

The above-referenced filing (the “Registration Statement”) of our client, Cornerstone Strategic Value Fund, Inc. (the “Fund”), filed on the date hereof, is based on and is substantially similar to the registration statements on Form N-2 of the Fund and Cornerstone Total Return Fund, Inc. (File No.: 811-02363), which were reviewed and declared effective by the Staff on November 21, 2011, and the registration statement on Form N-2 of Cornerstone Progressive Return Fund (File No.: 811-22066), which was reviewed and declared effective by the Staff on May 21, 2012 following a request under the “selective review” procedures discussed below.  Please accept this letter as a request under the same selective review procedures with respect to the Staff’s review of the Registration Statement.

In this regard, the Staff follows certain selective review procedures for registration statements, set forth in Securities Act Release No. 6510 (Feb. 15, 1984), which are applicable to all management investment company registration statements.  The Staff may determine not to review a registration statement (or portions of a registration statement) based on similarity to prior filings that have been reviewed by the Staff.  Based on these procedures, a registrant may identify portions of prior filings similar or identical to, and intended to serve as precedent for, a current filing.

The Registration Statement represents a “rights offering” of the Fund’s shares, the terms and conditions of which are substantially similar to those contained in the registration statements of Cornerstone Progressive Return Fund, Cornerstone Total Return Fund, Inc. and the Fund referenced above.

One Logan Square  18th & Cherry Streets Philadelphia, PA  19103

www.BlankRome.com

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Securities and Exchange Commission

October 16, 2012

Page 2

Please contact me at (215) 569-5734 or Thomas R. Westle at (212) 885-5239 with any questions you may have or for any further information you may desire.

Very truly yours,

/s/ Geoffrey D. Schwartz

Geoffrey D. Schwartz