Royce Value Trust Announces Performance Data &
Portfolio Composition as of January 31, 2008
Royce & Associates, Inc.


New York, February 13, 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 - January 31, 2008 
NAV $ 17.89
MKT $ 16.80


Total Return Performance 

Periods ended January 31, 2008	NAV	MKT
1 Month*	-9.37%	-9.58%
Year to Date	-9.37	-9.58
One-Year	-6.71	-18.33
Three-Year Average Annual	8.51	4.03
Five-Year Average Annual	16.86	15.33
10-Year Average Annual	10.84	11.36

*Not Annualized


Portfolio Diagnostics

Wtd. Average Market Cap:	$1,083 million
Wtd. Average P/E Ratio:	16.1*
Wtd. Average P/B Ratio:	2.0x
Wtd. Average Portfolio Yield:	1.3%
Net Assets Attributable to Common Stock:	$1,293 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.	2.0%
2. Ritchie Bros. Auctioneers	1.6
3. SEACOR Holdings	1.2
4. PAREXEL	1.2
5. Ash Grove Cement Cl. B	1.1
6. Sotheby's	1.1
7. Lincoln Electric Holdings	1.0
8. Rofin-Sinar Technologies	1.0
9. Advent Software	1.0
10. Weyco Group, Inc.	0.9

Top Five Industries	% of Net Assets
1. Technology	21%
2. Industrial Products	19
3. Industrial Services	15
4. Financial Services	14
5. Financial Intermediaries	13

 
Recent Developments 
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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