NEWS RELEASE FOR IMMEDIATE RELEASE
DATE: FRIDAY, MARCH 9, 2007
FROM: BLUE CHIP VALUE FUND, INC.
1225 17TH STREET, 26TH FLOOR
DENVER, COLORADO 80202
CONTACT: MARGARET JURADO, INVESTOR RELATIONS
(800) 624-4190
BLUE
CHIP VALUE FUND ANNOUNCES RELEASE OF ITS
ANNUAL REPORT TO STOCKHOLDERS DATED DECEMBER 31, 2006
DENVER,
CO. (March 9, 2007) Today, Blue Chip Value Fund, Inc. 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.
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Blue Chip Value Fund 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 assets in equity securities of well established companies with headquarters in the United States. These stocks are included in, or similar in size to those included in, the Standard and 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 is the Fund's investment adviser.