FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment Company Act file number: 811-2260

Value Line Leveraged Growth Investors, Inc
- ------------------------------------------------------------
  (Exact name of registrant as specified in charter)

220 East 42 Street, New York, NY 10017
- ------------------------------------------------------------
  (Address of principal executive offices)

David T. Henigson
- ------------------------------------------------------------
(Name and address of agent for service)


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

Date of Fiscal year-end: 12/31/2004

Date of reporting period: 7/1/2003 - 6/30/2004
Item 1. Proxy Voting Record
Account Number: 41



ISSUER NAME

TICKER
CUSIP
MTG
DATE
MTG TYPE






Proposal
Type
Vote
d?
Vote
For/Agnst
Mgmt
Agilent Technologies

A
00846U101
3/2/04
Annual


1.01
  Elect James G. Cullen


MGMT
YES
FOR
FOR
1.02
  Elect Robert L. Joss


MGMT
YES
FOR
FOR
1.03
  Elect Walter B. Hewlett


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








Airgas

ARG
009363102
7/29/03
Annual


1.00
  Elect Directors


MGMT
YES
FOR
FOR
2.00
  Adopt Employee Stock Purchase Plan


MGMT
YES
AGN
ST
AGNST
3.00
  Approve Annual Bonus Plan


MGMT
YES
FOR
FOR
4.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








American International Group

AIG
026874107
5/19/04
Annual


1.01
  Elect M. Bernard Aidinoff


MGMT
YES
FOR
FOR
1.02
  Elect Pei-Yuan Chia


MGMT
YES
FOR
FOR
1.03
  Elect Marshall A. Cohen


MGMT
YES
FOR
FOR
1.04
  Elect William S. Cohen


MGMT
YES
FOR
FOR
1.05
  Elect Martin S. Feldstein


MGMT
YES
FOR
FOR
1.06
  Elect Ellen V. Futter


MGMT
YES
FOR
FOR
1.07
  Elect Maurice R. Greenberg


MGMT
YES
FOR
FOR
1.08
  Elect Carla A. Hills


MGMT
YES
FOR
FOR
1.09
  Elect Frank J. Hoenemeyer


MGMT
YES
FOR
FOR
1.10
  Elect Richard C. Holbrooke


MGMT
YES
FOR
FOR
1.11
  Elect Donald P. Kanak


MGMT
YES
FOR
FOR
1.12
  Elect Howard I. Smith


MGMT
YES
FOR
FOR
1.13
  Elect Martin J. Sullivan


MGMT
YES
FOR
FOR
1.14
  Elect Edmund S.W. Tse


MGMT
YES
FOR
FOR
1.15
  Elect Frank G. Zarb


MGMT
YES
FOR
FOR
2.00
  Approve Annual Bonus Plan


MGMT
YES
FOR
FOR
3.00
  Adopt Director Stock Award Plan


MGMT
YES
FOR
FOR
4.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
5.00
  Review Political Spending


SHLDR
YES
FOR
AGNST
6.00
  Sever Links with Tobacco Industry


SHLDR
YES
AGN
ST
FOR
7.00
  Link Executive Pay to Social Criteria


SHLDR
YES
AGN
ST
FOR








Apache

APA
037411105
12/18/03
Special


1.00
  Increase Authorized Common Stock


MGMT
YES
FOR
FOR








Apache

APA
037411105
5/6/04
Annual


1.01
  Elect Eugene C. Fiedorek


MGMT
YES
FOR
FOR
1.02
  Elect Patricia Albjerg Graham


MGMT
YES
FOR
FOR
1.03
  Elect F.H. Merelli


MGMT
YES
FOR
FOR
1.04
  Elect Raymond Plank


MGMT
YES
FOR
FOR
2.00
  Report or Take Action on Climate Change


SHLDR
YES
FOR
AGNST








Applied Materials

AMAT
038222105
3/24/04
Annual


1.01
  Elect Michael H. Armacost


MGMT
YES
FOR
FOR
1.02
  Elect Deborah A. Coleman


MGMT
YES
FOR
FOR
1.03
  Elect Herbert M. Dwight Jr.


MGMT
YES
FOR
FOR
1.04
  Elect Philip V. Gerdine


MGMT
YES
FOR
FOR
1.05
  Elect Paul R. Low


MGMT
YES
FOR
FOR
1.06
  Elect Dan Maydan


MGMT
YES
FOR
FOR
1.07
  Elect Steven L. Miller


MGMT
YES
FOR
FOR
1.08
  Elect James C. Morgan


MGMT
YES
FOR
FOR
1.09
  Elect Gerhard Parker


MGMT
YES
FOR
FOR
1.10
  Elect Michael R. Splinter


MGMT
YES
FOR
FOR
2.00
  Add Shares to Stock Option Plan


MGMT
YES
AGN
ST
AGNST

  Amend Stock Option Plan







  Amend Director Stock Option Plan














Armor Holdings Inc

AH
042260109
6/22/04
Annual


1.01
  Elect Warren B. Kanders


MGMT
YES
FOR
FOR
1.02
  Elect Burtt R. Ehrlich


MGMT
YES
FOR
FOR
1.03
  Elect David R. Haas


MGMT
YES
FOR
FOR
1.04
  Elect Nicholas Sokolow


MGMT
YES
FOR
FOR
1.05
  Elect Thomas W. Strauss


MGMT
YES
FOR
FOR
1.06
  Elect Deborah Zoullas


MGMT
YES
FOR
FOR
2.00
  Increase Authorized Common Stock


MGMT
YES
FOR
FOR
3.00
  Add Shares to Stock Option Plan


MGMT
YES
AGN
ST
AGNST








Autoliv

ALV
052800109
4/27/04
Annual


1.01
  Elect Per Olof Aronson


MGMT
YES
FOR
FOR
1.02
  Elect Walter Kunerth


MGMT
YES
FOR
FOR
1.03
  Elect Lars Westerberg


MGMT
YES
FOR
FOR
2.00
  Add Shares to Stock Option Plan


MGMT
YES
AGN
ST
AGNST
3.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








Cardinal Health

CAH
14149Y108
11/5/03
Annual


1.00
  Elect Directors


MGMT
YES
FOR
FOR








Career Education Corp

CECO
141665109
5/21/04
Annual


1.01
  Elect Thomas B. Lally


MGMT
YES
FOR
FOR
1.02
  Elect John M. Larson


MGMT
YES
FOR
FOR
2.00
  Add Shares to Stock Option Plan


MGMT
YES
AGN
ST
AGNST
3.00
  Increase Authorized Common Stock


MGMT
YES
FOR
FOR
4.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








CEC Entertainment Inc

CEC
125137109
5/20/04
Annual


1.01
  Elect Michael H. Magusiak


MGMT
YES
FOR
FOR
1.02
  Elect Walter Tyree


MGMT
YES
FOR
FOR
2.00
  Adopt Stock Award Plan


MGMT
YES
AGN
ST
AGNST
3.00
  Add Shares to Stock Option Plan


MGMT
YES
AGN
ST
AGNST
4.00
  Amend Director Stock Option Plan


MGMT
YES
FOR
FOR
5.00
  Add Shares to Director Stock Option Plan


MGMT
YES
AGN
ST
AGNST








Cisco Systems

CSCO
17275R102
11/11/03
Annual


1.00
  Elect Directors


MGMT
YES
FOR
FOR
2.00
  Adopt Employee Stock Purchase Plan


MGMT
YES
AGN
ST
AGNST
3.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
4.00
  Misc. Human/Political Rights Proposal


SHLDR
YES
ABS
TAIN
AGNST
5.00
  Restrict Executive Compensation


SHLDR
YES
AGN
ST
FOR








Citigroup

C
172967101
4/20/04
Annual


1.01
  Elect C. Michael Armstrong


MGMT
YES
FOR
FOR
1.02
  Elect Alain J.P. Belda


MGMT
YES
FOR
FOR
1.03
  Elect George David


MGMT
YES
FOR
FOR
1.04
  Elect Kenneth T. Derr


MGMT
YES
FOR
FOR
1.05
  Elect John M. Deutch


MGMT
YES
FOR
FOR
1.06
  Elect Roberto H. Ramirez


MGMT
YES
FOR
FOR
1.07
  Elect Ann Dibble Jordan


MGMT
YES
FOR
FOR
1.08
  Elect Dudley C. Mecum II


MGMT
YES
FOR
FOR
1.09
  Elect Richard D. Parsons


MGMT
YES
FOR
FOR
1.10
  Elect Andrall E. Pearson


MGMT
YES
FOR
FOR
1.11
  Elect Charles Prince


MGMT
YES
FOR
FOR
1.12
  Elect Robert E. Rubin


MGMT
YES
FOR
FOR
1.13
  Elect Franklin A. Thomas


MGMT
YES
FOR
FOR
1.14
  Elect Sanford I. Weill


MGMT
YES
FOR
FOR
1.15
  Elect Robert B. Willumstad


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
3.00
  Restrict Executive Compensation


SHLDR
YES
AGN
ST
FOR
4.00
  Review Political Spending


SHLDR
YES
FOR
AGNST
5.00
  Restrict Executive Compensation


SHLDR
YES
AGN
ST
FOR
6.00
  Independent Board Chairman


SHLDR
YES
AGN
ST
FOR








Cognizant Technology Solutions

CTSH
192446102
5/26/04
Annual


1.01
  Elect Lakshmi Narayanan


MGMT
YES
FOR
FOR
1.02
  Elect John E. Klein


MGMT
YES
FOR
FOR
2.00
  Increase Authorized Common Stock


MGMT
YES
FOR
FOR

  Eliminate Dual Class Stock






3.00
  Amend Stock Option Plan


MGMT
YES
ABS
TAIN
AGNST

  Add Shares to Stock Option Plan






4.00
  Adopt Employee Stock Purchase Plan


MGMT
YES
AGN
ST
AGNST
5.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








Cott

COT
22163N106
4/27/04
Annual


1.00
  Elect Colin J. Adair


MGMT
YES
FOR
FOR
2.00
  Elect W. John Bennett


MGMT
YES
FOR
FOR
3.00
  Elect C. Hunter Boll


MGMT
YES
FOR
FOR
4.00
  Elect Serge Gouin


MGMT
YES
FOR
FOR
5.00
  Elect Thomas M. Hagerty


MGMT
YES
FOR
FOR
6.00
  Elect Stephen H. Halperin


MGMT
YES
FOR
FOR
7.00
  Elect David V. Harkins


MGMT
YES
FOR
FOR
8.00
  Elect Philip B. Livingston


MGMT
YES
FOR
FOR
9.00
  Elect Christine Magee


MGMT
YES
FOR
FOR
10.00
  Elect John K. Sheppard


MGMT
YES
FOR
FOR
11.00
  Elect Donald G. Watt


MGMT
YES
FOR
FOR
12.00
  Elect Frank E. Weiss III


MGMT
YES
FOR
FOR
13.00
  Appoint Outside Auditors


MGMT
YES
FOR
FOR
14.00
  Approve Executive Profit Sharing/Bonus
Plan


MGMT
YES
ABS
TAIN
AGNST
15.00
  Amend Stock Option Plan


MGMT
YES
ABS
TAIN
AGNST








Danaher

DHR
235851102
5/4/04
Annual


1.01
  Elect Steven M. Rales


MGMT
YES
FOR
FOR
1.02
  Elect John T. Schwieters


MGMT
YES
FOR
FOR
1.03
  Elect Alan G. Spoon


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
3.00
  Amend Stock Option Plan


MGMT
YES
FOR
FOR
4.00
  Board Inclusiveness


SHLDR
YES
AGN
ST
FOR








DAVITA Inc

DVA
23918K108
5/24/04
Annual


1.01
  Elect Nancy-Ann DeParle


MGMT
YES
FOR
FOR
1.02
  Elect Richard B. Fontaine


MGMT
YES
FOR
FOR
1.03
  Elect Peter T. Grauer


MGMT
YES
FOR
FOR
1.04
  Elect Michele J. Hooper


MGMT
YES
FOR
FOR
1.05
  Elect C. Raymond Larkin Jr.


MGMT
YES
FOR
FOR
1.06
  Elect John M. Nehra


MGMT
YES
FOR
FOR
1.07
  Elect William L. Roper


MGMT
YES
FOR
FOR
1.08
  Elect Kent J. Thiry


MGMT
YES
FOR
FOR
2.00
  Approve Other Business


MGMT
YES
FOR
FOR








Dell

DELL
24702R101
7/18/03
Annual


1.00
  Elect Directors


MGMT
YES
FOR
FOR
2.00
  Repeal Classified Board


MGMT
YES
FOR
FOR
3.00
  Approve Name Change


MGMT
YES
FOR
FOR
4.00
  Approve Annual Bonus Plan


MGMT
YES
FOR
FOR








E Trade Financial Corp

ET
269246104
5/27/04
Annual


1.01
  Elect Ronald D. Fisher


MGMT
YES
FOR
FOR
1.02
  Elect George Hayter


MGMT
YES
FOR
FOR
1.03
  Elect Donna L. Weaver


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








Education Management

EDMC
28139T101
11/20/03
Annual


1.00
  Elect Directors


MGMT
YES
FOR
FOR
2.00
  Increase Authorized Common Stock


MGMT
YES
FOR
FOR
3.00
  Adopt Stock Option Plan


MGMT
YES
AGN
ST
AGNST
4.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








Electronic Arts

ERTS
285512109
7/31/03
Annual


1.00
  Elect Directors


MGMT
YES
FOR
FOR
2.00
  Add Shares to Stock Option Plan


MGMT
YES
AGN
ST
AGNST
3.00
  Add Shares to Employee Stock Purchase
Plan


MGMT
YES
AGN
ST
AGNST
4.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








Factset Research Systems

FDS
303075105
1/8/04
Annual


1.01
  Elect Scott A. Billeadeau


MGMT
YES
FOR
FOR
1.02
  Elect Philip A. Hadley


MGMT
YES
FOR
FOR
1.03
  Elect John C. Mickle


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








Fair, Isaac

FIC
303250104
2/2/04
Annual


1.01
  Elect A. George Battle


MGMT
YES
FOR
FOR
1.02
  Elect Anton J. Christianson


MGMT
YES
FOR
FOR
1.03
  Elect Thomas G. Grudnowski


MGMT
YES
FOR
FOR
1.04
  Elect Alex W. Hart


MGMT
YES
FOR
FOR
1.05
  Elect Philip G. Heasley


MGMT
YES
FOR
FOR
1.06
  Elect Guy R. Henshaw


MGMT
YES
FOR
FOR
1.07
  Elect David S.P. Hopkins


MGMT
YES
FOR
FOR
1.08
  Elect Magaret L. Taylor


MGMT
YES
FOR
FOR
2.00
  Increase Authorized Common Stock


MGMT
YES
FOR
FOR
3.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








Fairchild Semiconductor
International

FCS
303726103
5/4/04
Annual


1.01
  Elect Kirk P. Pond


MGMT
YES
FOR
FOR
1.02
  Elect Joseph R. Martin


MGMT
YES
FOR
FOR
1.03
  Elect Charles P. Carinalli


MGMT
YES
FOR
FOR
1.04
  Elect Richard M. Cashin Jr.


MGMT
YES
FOR
FOR
1.05
  Elect Charles M. Clough


MGMT
YES
FOR
FOR
1.06
  Elect Robert F. Friel


MGMT
YES
FOR
FOR
1.07
  Elect Thomas L. Magnanti


MGMT
YES
FOR
FOR
1.08
  Elect Bryan R. Roub


MGMT
YES
FOR
FOR
1.09
  Elect Paul C. Schorr IV


MGMT
YES
FOR
FOR
1.10
  Elect Ronald W. Shelly


MGMT
YES
FOR
FOR
1.11
  Elect William N. Stout


MGMT
YES
FOR
FOR
2.00
  Add Shares to Stock Option Plan


MGMT
YES
ABS
TAIN
AGNST

  Amend Stock Option Plan






3.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








First Data

FDC
319963104
10/28/03
Special


1.00
  Approve Common Stock Issuance


MGMT
YES
FOR
FOR

  Approve Merger/Acquisition














Fiserv

FISV
337738108
4/6/04
Annual


1.01
  Elect Kenneth R. Jensen


MGMT
YES
FOR
FOR
1.02
  Elect Kim M. Robak


MGMT
YES
FOR
FOR
1.03
  Elect Thomas C Wertheimer


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
3.00
  Amend Stock Option Plan


MGMT
YES
FOR
FOR








Foot Locker Inc

FL
344849104
5/26/04
Annual


1.01
  Elect James E. Preston


MGMT
YES
FOR
FOR
1.02
  Elect Matthew D. Serra


MGMT
YES
FOR
FOR
1.03
  Elect Christopher A. Sinclair


MGMT
YES
FOR
FOR
1.04
  Elect Dona Davis Young


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








Forest Laboratories -Cl A

FRX
345838106
8/11/03
Annual


1.00
  Elect Directors


MGMT
YES
FOR
FOR
2.00
  Increase Authorized Common Stock


MGMT
YES
FOR
FOR
3.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








Fortune Brands

FO
349631101
4/27/04
Annual


1.01
  Elect Anne M. Tatlock


MGMT
YES
FOR
FOR
1.02
  Elect Norman H. Wesley


MGMT
YES
FOR
FOR
1.03
  Elect Peter M. Wilson


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
3.00
  Redeem or Vote on Poison Pill


SHLDR
YES
FOR
AGNST








Genentech

DNA
368710406
4/16/04
Annual


1.00
  Approve Board Size


MGMT
YES
FOR
FOR
2.01
  Elect Herbert W. Boyer


MGMT
YES
FOR
FOR
2.02
  Elect Arthur D. Levinson


MGMT
YES
FOR
FOR
2.03
  Elect Mark Richmond


MGMT
YES
FOR
FOR
2.04
  Elect Charles A. Sanders


MGMT
YES
FOR
FOR
2.05
  Elect William M. Burns


MGMT
YES
FOR
FOR
2.06
  Elect Erich Hunziker


MGMT
YES
FOR
FOR
2.07
  Elect Jonathan K. C. Knowles


MGMT
YES
FOR
FOR
3.00
  Increase Authorized Common Stock


MGMT
YES
FOR
FOR
4.00
  Adopt Stock Option Plan


MGMT
YES
AGN
ST
AGNST
5.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








Guess

GES
401617105
5/10/04
Annual


1.01
  Elect Paul Marciano


MGMT
YES
FOR
FOR
1.02
  Elect Anthony Chidoni


MGMT
YES
FOR
FOR
2.00
  Adopt Stock Option Plan


MGMT
YES
AGN
ST
AGNST
3.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








Harley-Davidson

HDI
412822108
4/24/04
Annual


1.01
  Elect Barry K. Allen


MGMT
YES
FOR
FOR
1.02
  Elect Richard I. Beattie


MGMT
YES
FOR
FOR
2.00
  Amend Annual Bonus Plan


MGMT
YES
FOR
FOR
3.00
  Adopt Stock Option Plan


MGMT
YES
FOR
FOR
4.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








Home Depot Inc

HD
437076102
5/27/04
Annual


1.01
  Elect Gregory D. Brenneman


MGMT
YES
FOR
FOR
1.02
  Elect Richard H. Brown


MGMT
YES
FOR
FOR
1.03
  Elect John L. Clendenin


MGMT
YES
FOR
FOR
1.04
  Elect Berry R. Cox


MGMT
YES
FOR
FOR
1.05
  Elect Claudio X. Gonzalez Laporte


MGMT
YES
FOR
FOR
1.06
  Elect Milledge A. Hart III


MGMT
YES
FOR
FOR
1.07
  Elect Bonnie Guiton Hill


MGMT
YES
FOR
FOR
1.08
  Elect Kenneth G. Langone


MGMT
YES
FOR
FOR
1.09
  Elect Robert L. Nardelli


MGMT
YES
FOR
FOR
1.10
  Elect Roger S. Penske


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
3.00
  Director Tenure/Retirement Age


SHLDR
YES
AGN
ST
FOR
4.00
  Redeem or Vote on Poison Pill


SHLDR
YES
FOR
AGNST
5.00
  Restrict Executive Compensation


SHLDR
YES
AGN
ST
FOR
6.00
  Monitor/Adopt ILO Conventions


SHLDR
YES
AGN
ST
FOR
7.00
  Golden Parachutes


SHLDR
YES
AGN
ST
FOR
8.00
  Require Majority Vote to Elect Directors


SHLDR
YES
ABS
TAIN
AGNST








Hunt (J.B.) Transportation
Services

JBHT
445658107
4/22/04
Annual


1.01
  Elect John A. Cooper Jr.


MGMT
YES
FOR
FOR
1.02
  Elect Wayne Garrison


MGMT
YES
FOR
FOR
1.03
  Elect Bryan Hunt


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








Inco

N
453258402
4/21/04
Annual


1.00
  Declassify Board


MGMT
YES
FOR
FOR
2.01
  Elect Ronald C. Cambre


MGMT
YES
FOR
FOR
2.02
  Elect Scott M. Hand


MGMT
YES
FOR
FOR
2.03
  Elect Chaviva Hosek


MGMT
YES
FOR
FOR
2.04
  Elect David P. O'Brien


MGMT
YES
FOR
FOR
2.05
  Elect Glen A. Barton


MGMT
YES
FOR
FOR
2.06
  Elect Angus Bruneau


MGMT
YES
FOR
FOR
2.07
  Elect Peter C. Jones


MGMT
YES
FOR
FOR
2.08
  Elect John T. Mayberry


MGMT
YES
FOR
FOR
2.09
  Elect Roger Phillips


MGMT
YES
FOR
FOR
2.10
  Elect James M. Stanford


MGMT
YES
FOR
FOR
3.00
  Appoint Auditors and Set Their Fees


MGMT
YES
FOR
FOR








Ingram Micro Inc

IM
457153104
5/25/04
Annual


1.01
  Elect Orrin H. Ingram II


MGMT
YES
FOR
FOR
1.02
  Elect Michael T. Smith


MGMT
YES
FOR
FOR
1.03
  Elect Joe B. Wyatt


MGMT
YES
FOR
FOR
1.04
  Elect Howard I. Atkins


MGMT
YES
FOR
FOR








International Game Technology

IGT
459902102
3/2/04
Annual


1.01
  Elect G. Thomas Baker


MGMT
YES
FOR
FOR
1.02
  Elect Neil Barsky


MGMT
YES
FOR
FOR
1.03
  Elect Robert A. Bittman


MGMT
YES
FOR
FOR
1.04
  Elect Richard R. Burt


MGMT
YES
FOR
FOR
1.05
  Elect Leslie S Heisz


MGMT
YES
FOR
FOR
1.06
  Elect Robert A Matthewson


MGMT
YES
FOR
FOR
1.07
  Elect Thomas J. Matthews


MGMT
YES
FOR
FOR
1.08
  Elect Robert J. Miller


MGMT
YES
FOR
FOR
1.09
  Elect Frederick B. Rentschler


MGMT
YES
FOR
FOR
2.00
  Add Shares to Employee Stock Purchase
Plan


MGMT
YES
FOR
FOR
3.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








Jacobs Engineering Group

JEC
469814107
2/10/04
Annual


1.01
  Elect Robert C. Davidson Jr.


MGMT
YES
FOR
FOR
1.02
  Elect Edward V. Fritzky


MGMT
YES
FOR
FOR
1.03
  Elect Robert B. Gwyn


MGMT
YES
FOR
FOR
1.04
  Elect Linda K. Jacobs


MGMT
YES
FOR
FOR
1.05
  Elect Benjamin F. Montoya


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








Kerr-McGee Corp

KMG
492386107
6/25/04
Special


1.00
  Approve Common Stock Issuance


MGMT
YES
FOR
FOR

  Approve Merger/Acquisition














Kronos

KRON
501052104
2/12/04
Annual


1.01
  Elect Richard J. Dumler


MGMT
YES
FOR
FOR
1.02
  Elect Samuel Rubinovitz


MGMT
YES
FOR
FOR
2.00
  Add Shares to Stock Option Plan


MGMT
YES
AGN
ST
AGNST
3.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
4.00
  Approve Other Business


MGMT
YES
FOR
FOR








L-3 Communications Holdings

LLL
502424104
4/27/04
Annual


1.01
  Elect Claude R. Canizares


MGMT
YES
FOR
FOR
1.02
  Elect Thomas A. Corcoran


MGMT
YES
FOR
FOR
1.03
  Elect Alan H. Washkowitz


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
3.00
  Add Shares to Stock Option Plan


MGMT
YES
ABS
TAIN
AGNST

  Amend Stock Option Plan






4.00
  Reapprove Option/Bonus Plan for OBRA


MGMT
YES
FOR
FOR








Lehman Brothers Holdings

LEH
524908100
4/2/04
Annual


1.01
  Elect Roger S. Berlind


MGMT
YES
FOR
FOR
1.02
  Elect Marsha J. Evans


MGMT
YES
FOR
FOR
1.03
  Elect Christopher Gent


MGMT
YES
FOR
FOR
1.04
  Elect Dina Merrill


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
3.00
  Approve Other Business


MGMT
YES
FOR
FOR








Lennar

LEN
526057104
3/30/04
Annual


1.01
  Elect Irving Bolotin


MGMT
YES
FOR
FOR
1.02
  Elect R. Kirk Landon


MGMT
YES
FOR
FOR
1.03
  Elect Donna E. Shalala


MGMT
YES
FOR
FOR
2.00
  Approve Other Business


MGMT
YES
FOR
FOR








Marvell Technology Group



5/28/04
Annual


1.01
  Elect Dr. John M. Cioffi


MGMT
YES
FOR
FOR
1.02
  Elect Dr. Paul R. Gray


MGMT
YES
FOR
FOR
1.03
  Elect Douglas King


MGMT
YES
FOR
FOR
2.00
  Appoint Outside Auditors


MGMT
YES
ABS
TAIN
AGNST
3.00
  Set Auditors' Fees


MGMT
YES
ABS
TAIN
AGNST








MBNA

KRB
55262L100
5/3/04
Annual


1.01
  Elect James H. Berick


MGMT
YES
FOR
FOR
1.02
  Elect Benjamin R. Civiletti


MGMT
YES
FOR
FOR
1.03
  Elect Bruce L. Hammonds


MGMT
YES
FOR
FOR
1.04
  Elect William L. Jews


MGMT
YES
FOR
FOR
1.05
  Elect Randolph D. Lerner


MGMT
YES
FOR
FOR
1.06
  Elect Stuart L. Markowitz


MGMT
YES
FOR
FOR
1.07
  Elect William B. Milstead


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
3.00
  Expense Stock Options


SHLDR
YES
ABS
TAIN
AGNST
4.00
  Increase Board Independence


SHLDR
YES
FOR
AGNST








Medtronic

MDT
585055106
8/28/03
Annual


1.00
  Elect Directors


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
3.00
  Adopt Stock Option Plan


MGMT
YES
FOR
FOR
4.00
  Approve Annual Bonus Plan


MGMT
YES
FOR
FOR








Mercury Interactive

MERQ
589405109
12/10/03
Special


1.00
  Add Shares to Stock Option Plan


MGMT
YES
AGN
ST
AGNST
2.00
  Add Shares to Employee Stock Purchase
Plan


MGMT
YES
AGN
ST
AGNST








Merrill Lynch

MER
590188108
4/23/04
Annual


1.01
  Elect David K. Newbigging


MGMT
YES
FOR
FOR
1.02
  Elect J.W. Prueher


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
3.00
  Adopt Cumulative Voting


SHLDR
YES
AGN
ST
FOR
4.00
  Independent Board Chairman


SHLDR
YES
AGN
ST
FOR








Microsoft

MSFT
594918104
11/11/03
Annual


1.00
  Elect Directors


MGMT
YES
FOR
FOR
2.00
  Amend Stock Option Plan


MGMT
YES
FOR
FOR
3.00
  Amend Director Stock Option Plan


MGMT
YES
AGN
ST
AGNST
4.00
  Limit or End Charitable Giving


SHLDR
YES
AGN
ST
FOR








New York Community Bancorp

NYB
649445103
10/29/03
Special


1.00
  Approve Common Stock Issuance


MGMT
YES
FOR
FOR

  Approve Merger/Acquisition






2.00
  Increase Authorized Common Stock


MGMT
YES
FOR
FOR








New York Community Bancorp
Inc

NYB
649445103
5/19/04
Annual


1.01
  Elect Donald M. Blake


MGMT
YES
FOR
FOR
1.02
  Elect Thomas A. Doherty


MGMT
YES
FOR
FOR
1.03
  Elect Michael J. Levine


MGMT
YES
FOR
FOR
1.04
  Elect Guy V. Molinari


MGMT
YES
FOR
FOR
1.05
  Elect John A. Pileski


MGMT
YES
FOR
FOR
1.06
  Elect John M. Tsimbinos


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








Newmont Mining

NEM
651639106
4/28/04
Annual


1.01
  Elect Glen A. Barton


MGMT
YES
FOR
FOR
1.02
  Elect Vincent A. Calarco


MGMT
YES
FOR
FOR
1.03
  Elect Michael S. Hamson


MGMT
YES
FOR
FOR
1.04
  Elect Leo I. Higdon, Jr.


MGMT
YES
FOR
FOR
1.05
  Elect Pierre Lassonde


MGMT
YES
FOR
FOR
1.06
  Elect Robert J. Miller


MGMT
YES
FOR
FOR
1.07
  Elect Wayne W. Murdy


MGMT
YES
FOR
FOR
1.08
  Elect Robin A. Plumbridge


MGMT
YES
FOR
FOR
1.09
  Elect John B. Prescott


MGMT
YES
FOR
FOR
1.10
  Elect Michael K. Reilly


MGMT
YES
FOR
FOR
1.11
  Elect Seymour Schulich


MGMT
YES
FOR
FOR
1.12
  Elect James V. Taranik


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
3.00
  Redeem or Vote on Poison Pill


SHLDR
YES
FOR
AGNST








Nextel Communications

NXTL
65332V103
5/27/04
Annual


1.01
  Elect Keith Bane


MGMT
YES
FOR
FOR
1.02
  Elect Janet Hill


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
3.00
  Adopt Employee Stock Purchase Plan


MGMT
YES
FOR
FOR








Nokia

NOK
654902204
3/25/04
Annual


1.01
  Approve Financial Statements


MGMT
YES
ABS
TAIN
AGNST
1.02
  Set Dividend/Allocate Profits


MGMT
YES
ABS
TAIN
AGNST
1.03
  Ratify Management Acts-Legal


MGMT
YES
ABS
TAIN
AGNST

  Ratify Board Acts-Legal






1.04
  Approve Directors' Fees


MGMT
YES
ABS
TAIN
AGNST
1.05
  Election of Directors by Slate


MGMT
YES
FOR
FOR
1.06
  Set Auditors' Fees


MGMT
YES
ABS
TAIN
AGNST
1.07
  Appoint Outside Auditors


MGMT
YES
FOR
FOR
2.00
  Reduce Authorized Capital


MGMT
YES
ABS
TAIN
AGNST

  Cancel Authorized Stock






3.00
  Increase Authorized Capital


MGMT
YES
ABS
TAIN
AGNST

  Issue Stock w/o Preemptive Rights






4.00
  Authorize Share Repurchase


MGMT
YES
ABS
TAIN
AGNST
5.00
  Authorize Trade in Company Stock


MGMT
YES
ABS
TAIN
AGNST
6.00
  Authorize Charitable Donations


MGMT
YES
ABS
TAIN
AGNST








Patina Oil & Gas Corp

POG
703224105
5/20/04
Annual


1.01
  Elect Charles E. Bayless


MGMT
YES
FOR
FOR
1.02
  Elect Jeffrey L. Berenson


MGMT
YES
FOR
FOR
1.03
  Elect Robert J. Clark


MGMT
YES
FOR
FOR
1.04
  Elect Jay W. Decker


MGMT
YES
FOR
FOR
1.05
  Elect Thomas J. Edelman


MGMT
YES
FOR
FOR
1.06
  Elect Elizabeth K. Lanier


MGMT
YES
FOR
FOR
1.07
  Elect Alexander P. Lynch


MGMT
YES
FOR
FOR
1.08
  Elect Paul M. Rady


MGMT
YES
FOR
FOR
1.09
  Elect Jon R. Whitney


MGMT
YES
FOR
FOR
2.00
  Increase Authorized Common Stock


MGMT
YES
FOR
FOR
3.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
4.00
  Approve Other Business


MGMT
YES
FOR
FOR








Pfizer

PFE
717081103
4/22/04
Annual


1.01
  Elect Michael S. Brown


MGMT
YES
FOR
FOR
1.02
  Elect M. Anthony Burns


MGMT
YES
FOR
FOR
1.03
  Elect Robert N. Burt


MGMT
YES
FOR
FOR
1.04
  Elect W. Don Cornwell


MGMT
YES
FOR
FOR
1.05
  Elect William H. Gray III


MGMT
YES
FOR
FOR
1.06
  Elect Constance J. Horner


MGMT
YES
FOR
FOR
1.07
  Elect William R. Howell


MGMT
YES
FOR
FOR
1.08
  Elect Stanley O. Ikenberry


MGMT
YES
FOR
FOR
1.09
  Elect George A. Lorch


MGMT
YES
FOR
FOR
1.10
  Elect Henry A. McKinnell Jr.


MGMT
YES
FOR
FOR
1.11
  Elect Dana G. Mead


MGMT
YES
FOR
FOR
1.12
  Elect Franklin D. Raines


MGMT
YES
FOR
FOR
1.13
  Elect Ruth J. Simmons


MGMT
YES
FOR
FOR
1.14
  Elect William C. Steere Jr.


MGMT
YES
FOR
FOR
1.15
  Elect Jean-Paul Valles


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
3.00
  Adopt Stock Option Plan


MGMT
YES
FOR
FOR
4.00
  Review AIDS Pandemic's Impact on
Company


SHLDR
YES
ABS
TAIN
AGNST
5.00
  Limit or End Political Spending


SHLDR
YES
AGN
ST
FOR
6.00
  Review Political Spending


SHLDR
YES
FOR
AGNST
7.00
  Director Tenure/Retirement Age


SHLDR
YES
AGN
ST
FOR
8.00
  Review Drug Pricing or Distribution


SHLDR
YES
AGN
ST
FOR
9.00
  Restrict Executive Compensation


SHLDR
YES
AGN
ST
FOR
10.00
  Review or Promote Animal Welfare


SHLDR
YES
AGN
ST
FOR








Phelps Dodge Corp

PD
717265102
5/28/04
Annual


1.01
  Elect Marie L. Knowles


MGMT
YES
FOR
FOR
1.02
  Elect Jon C. Madonna


MGMT
YES
FOR
FOR
1.03
  Elect Gordon R. Parker


MGMT
YES
FOR
FOR
1.04
  Elect Robert D. Johnson


MGMT
YES
FOR
FOR
2.00
  Limit or End Charitable Giving


SHLDR
YES
AGN
ST
FOR








Pixelworks

PXLW
72581M107
5/25/04
Annual


1.01
  Elect Allen H. Alley


MGMT
YES
FOR
FOR
1.02
  Elect Oliver D. Curme


MGMT
YES
FOR
FOR
1.03
  Elect C. Scott Gibson


MGMT
YES
FOR
FOR
1.04
  Elect Frank C. Gill


MGMT
YES
FOR
FOR
1.05
  Elect Steven J. Sharp


MGMT
YES
FOR
FOR
2.00
  Approve Non-Technical Charter
Amendments


MGMT
YES
FOR
FOR
3.00
  Add Shares to Stock Option Plan


MGMT
YES
AGN
ST
AGNST
4.00
  Amend Employee Stock Purchase Plan


MGMT
YES
FOR
FOR








Potlatch

PCH
737628107
5/3/04
Annual


1.01
  Elect Gregory L. Quesnel


MGMT
YES
FOR
FOR
1.02
  Elect Michael T. Riordan


MGMT
YES
FOR
FOR
1.03
  Elect L. Pendleton Siegel


MGMT
YES
FOR
FOR
2.00
  Report on Dividend Policy


SHLDR
YES
ABS
TAIN
AGNST
3.00
  Time-Phased Voting Rights


SHLDR
YES
ABS
TAIN
AGNST








Procter & Gamble

PG
742718109
10/14/03
Annual


1.00
  Elect Directors


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
3.00
  Adopt Director Stock Option Plan


MGMT
YES
AGN
ST
AGNST
4.00
  Repeal Classified Board


SHLDR
YES
FOR
AGNST
5.00
  Review or Curb Bioengineering


SHLDR
YES
AGN
ST
FOR








Pulte Homes Inc

PHM
745867101
5/13/04
Annual


1.01
  Elect Richard J. Dugas Jr.


MGMT
YES
FOR
FOR
1.02
  Elect David N. McCammon


MGMT
YES
FOR
FOR
1.03
  Elect William J. Pulte


MGMT
YES
FOR
FOR
1.04
  Elect Francis J. Sehn


MGMT
YES
FOR
FOR
1.05
  Elect Michael E. Rossi


MGMT
YES
FOR
FOR
2.00
  Adopt Stock Option Plan


MGMT
YES
AGN
ST
AGNST
3.00
  Shareholder Approval of Auditors


SHLDR
YES
FOR
AGNST








Rockwell Automation

ROK
773903109
2/4/04
Annual


1.01
  Elect Don H. Davis Jr.


MGMT
YES
FOR
FOR
1.02
  Elect William H. Gray III


MGMT
YES
FOR
FOR
1.03
  Elect William T. McCormick Jr.


MGMT
YES
FOR
FOR
1.04
  Elect Keith D. Nosbusch


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR
3.00
  Amend Stock Option Plan


MGMT
YES
AGN
ST
AGNST

  Add Shares to Stock Option Plan














Schlumberger Ltd.

SLB
806857108
4/14/04
Annual


1.01
  Elect John M. Deutch


MGMT
YES
FOR
FOR
1.02
  Elect Jamie S. Gorelick


MGMT
YES
FOR
FOR
1.03
  Elect Andrew Gould


MGMT
YES
FOR
FOR
1.04
  Elect Tony Isaac


MGMT
YES
FOR
FOR
1.05
  Elect Adrian Lajous


MGMT
YES
FOR
FOR
1.06
  Elect Andre Levy-Lang


MGMT
YES
FOR
FOR
1.07
  Elect Didier Primat


MGMT
YES
FOR
FOR
1.08
  Elect Tore I. Sandvold


MGMT
YES
FOR
FOR
1.09
  Elect Nicolas Seydoux


MGMT
YES
FOR
FOR
1.10
  Elect Linda Gillespie Stuntz


MGMT
YES
FOR
FOR
2.00
  Approve Financial Statements


MGMT
YES
FOR
FOR
3.00
  Adopt Director Stock Award Plan


MGMT
YES
FOR
FOR
4.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








State Street

STT
857477103
4/21/04
Annual


1.01
  Elect Kennett F. Burnes


MGMT
YES
FOR
FOR
1.02
  Elect David P. Gruber


MGMT
YES
FOR
FOR
1.03
  Elect Linda A. Hill


MGMT
YES
FOR
FOR
1.04
  Elect Charles R. Lamantia


MGMT
YES
FOR
FOR
1.05
  Elect Robert E. Weissman


MGMT
YES
FOR
FOR
2.00
  Opt Out of State Takeover Statute


SHLDR
YES
FOR
AGNST








Symantec

SYMC
871503108
8/21/03
Annual


1.00
  Elect Directors


MGMT
YES
FOR
FOR
2.00
  Increase Authorized Common Stock


MGMT
YES
FOR
FOR
3.00
  Amend Stock Option Plan


MGMT
YES
AGN
ST
AGNST
4.00
  Approve Annual Bonus Plan


MGMT
YES
FOR
FOR
5.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








United States Steel

X
912909108
4/27/04
Annual


1.01
  Elect Robert J. Darnall


MGMT
YES
FOR
FOR
1.02
  Elect Roy G. Dorrance


MGMT
YES
FOR
FOR
1.03
  Elect Charles R. Lee


MGMT
YES
FOR
FOR
1.04
  Elect John G. Drosdick


MGMT
YES
FOR
FOR
2.00
  Ratify Selection of Auditors


MGMT
YES
FOR
FOR








Varian

VARI
922206107
2/4/04
Annual


1.01
  Elect John G. McDonald


MGMT
YES
FOR
FOR
1.02
  Elect Wayne R. Moon


MGMT
YES
FOR
FOR
2.00
  Reapprove Option/Bonus Plan for OBRA


MGMT
YES
FOR
FOR








Varian Medical Systems

VAR
92220P105
6/10/04
Special


1.00
  Increase Authorized Common Stock


MGMT
YES
FOR
FOR








XTO Energy Inc

XTO
98385X106
5/18/04
Annual


1.01
  Elect Scott G. Sherman


MGMT
YES
FOR
FOR
1.02
  Elect Bob R. Simpson


MGMT
YES
FOR
FOR
1.03
  Elect Phillip R. Kevil


MGMT
YES
FOR
FOR
2.00
  Increase Authorized Common Stock


MGMT
YES
FOR
FOR








Zimmer Holdings

ZMH
98956P102
5/10/04
Annual


1.01
  Elect Larry C. Glasscock


MGMT
YES
FOR
FOR
1.02
  Elect John L. McGoldrick


MGMT
YES
FOR
FOR
2.00
  Redeem or Vote on Poison Pill


SHLDR
YES
FOR
AGNST
3.00
  Shareholder Approval of Auditors


SHLDR
YES
FOR
AGNST











Any ballot marked 'Abstain' is considered to have been voted.
Ballots marked 'Abstain' are considered
to be have been voted against management's recommendation,
regardless of whether the recommendation is 'For' or
'Against,' except where management has made no
recommendation or has recommended that shareholders 'Abstain.'
Where management has recommended that shareholders 'Abstain'
from voting on a ballot item: 1) a
ballot market 'Abstain' is considered to have been
voted for management's
recommendation to 'Abstain'
and 2) a ballot voted 'For" or 'Against' is considered
to have been voted against management's
recommendation to 'Abstain.' Where management has made
no recommendation on a ballot item, the abbreviation
"N/A" is used to denote that there is no applicable
recommendation compared to which a vote may
be 'For' or 'Against' the recommendation of management.



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 Leveraged Growth Investors, Inc
- --------------------------------------------
       (Registrant)


By _David T. Henigson - Vice President
 and Secretary/Treasurer
       (Signature & Title)


Date August 9, 2004