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Blue Chip Value Fund Announces Release of Its Annual Report to Stockholders Dated December 31, 2006.


DENVER -- Today, Blue Chip Value Fund, Inc. (NYSE NYSE

See: New York Stock Exchange
: BLU BLU Blue
BLU Bluefish (FAO fish species code)
BLU Bigger, Longer, Uncut (South Park Movie)
BLU Backlight Unit (LCD)
BLU Bomb Live Unit
) has filed its Annual Report to Stockholders dated December 31, 2006 with the Securities and Exchange Commission. This report is being mailed to stockholders and has been posted to the Fund's website at www.blu.com. Stockholders wishing a free copy of the Fund's Annual Report may telephone the Fund toll free at 1-800-624-4190 (option #2). To order a copy online, stockholders may email the Fund at blu@denveria.com to request a copy.

Blue Chip Value Fund, Inc. is a closed-end diversified management investment company whose objective is to seek a high level of total return through investment in a portfolio having at least 80% of its net assets Net assets

The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand.


net assets

See owners' equity.
 in equity securities of large companies with headquarters in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . These stocks are included in, or similar in size to those included in, the Standard & Poor's 500 Composite Stock Price Index. The Fund will normally have approximately 50 stocks within the portfolio. The Fund features a Dividend Reinvestment and Cash Purchase Plan. Denver Investment Advisors LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 is the Fund's investment adviser.
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Publication:Business Wire
Date:Mar 9, 2007
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