Royce Value Trust Announces Performance Data &
Portfolio Composition as of December 31, 2007
Royce & Associates, Inc.


New York, January 29, 2008 -- Royce Value Trust (RVT)

-- Oldest and largest small-cap closed-end fund
-- Average weekly trading volume of approximately 341,000 shares
-- Fund's adviser has more than 30 years of small- and micro-cap investment experience

Closing Prices - December 31, 2007 
NAV $ 19.74
MKT $ 18.58


Total Return Performance 

Periods ended December 31, 2007	NAV	MKT
1 Month*	0.37%	2.54%
Year to Date	5.04	-8.21
One-Year	5.04	-8.21
Three-Year Average Annual	10.81	5.89
Five-Year Average Annual	18.40	16.92
10-Year Average Annual	11.77	12.39

*Not Annualized


Portfolio Diagnostics

Wtd. Average Market Cap:	$1,184 million
Wtd. Average P/E Ratio:	18.1*
Wtd. Average P/B Ratio:	2.2x
Wtd. Average Portfolio Yield:	1.2%
Net Assets Attributable to Common Stock:	$1,405 million
Net Leverage:	4%

* The Fund's P/E ratio calculation excludes companies with zero or negative earnings.

Net leverage is the percentage, in excess of 100%, of the total value of equity type investments, divided by net assets, applicable to common stock.


Portfolio Composition

Top 10 Positions	% of Net Assets
1. AllianceBernstein Holding L.P.	2.1%
2. Ritchie Bros. Auctioneers	2.0
3. PAREXEL International	1.3
4. Sotheby's	1.2
5. SEACOR Holdings	1.2
6. Lincoln Electric Holdings	1.1
7. Advent Software	1.1
8. Exterran Holdings	1.1
9. Ash Grove Cement Cl. B	1.1
10. Rofin-Sinar Technologies	1.0

Top Five Industries	% of Net Assets
1. Technology	24%
2. Industrial Products	20
3. Industrial Services	14
4. Financial Intermediaries	13
5. Natural Resources	10

 
Recent Developments
Royce Value Trust, Inc. (NYSE - RVT) paid a quarterly distribution of $0.47 per share on its Common Stock, on December 24, 2007 to stockholders of record at the close of business on December 6, 2007 (ex-dividend on December 4, 2007). The price of shares issued for reinvestment was $17.70.

Royce Value Trust, Inc. paid a cash dividend of $0.36875 per share on its 5.90% Cumulative Preferred Stock, based on an annual rate of 5.90% of the initial liquidation preference of $25.00 per share, on December 24, 2007 to stockholders of record at the close of business on December 6, 2007 (ex-dividend on December 4, 2007).

Royce Value Trust is a closed-end diversified management investment company whose shares of Common (RVT) and 5.90% Cumulative Preferred Stock (RVTprb) are listed and traded on the New York Stock Exchange. Its primary investment goal is long-term capital growth, which it seeks by investing at least 75% of its assets in equity securities primarily of small- and micro-cap companies.

Daily net asset values (NAVs) for Royce Value Trust are now available on the Fund's website and online through most ticker symbol lookup services and on broker terminals under the symbol XRVTX.


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