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First Trust Value Line® 100 Fund Declares
Short-Term & Long-Term Capital Gains Distributions

First Trust Advisors, LP



Lisle, IL, December 9, 2005 –The First Trust Value Line® 100 Fund (AMEX: FVL) today announced a short-term capital gain distribution of $1.49 per share as well as a long-term capital gain distribution of $0.91 per share.

The distributions will be payable on December 30, 2005 to shareholders of record on December 21, 2005, with an expected ex-dividend date of December 19, 2005. The final determination of the source and tax status of all distributions paid in 2005 will be made after the end of 2005.

The Fund is a closed-end management investment company designed to provide capital appreciation that outperforms the S&P 500 Index. The Fund seeks to accomplish this objective by adhering to a disciplined strategy of investing in a diversified portfolio of the 100 common stocks ranked #1 in Value Line’s® Timeliness™ Ranking System.

First Trust Advisors L.P. acts as the fund’s investment advisor and currently manages or supervises approximately $21 billion in assets.



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