First Trust Value Line(R) 100 Fund Declares Long-Term Capital Gain Distribution of $1.053

  
    
  
  
    
      The First Trust Value Line® 
      100 Fund (AMEX:FVL) today announced a long-term capital gain 
      distribution of $1.053 per share.
    
    
      The distributions will be payable on December 29, 2006 to shareholders 
      of record on December 22, 2006, with an expected ex-dividend date of 
      December 20, 2006. The final determination of the source and tax status 
      of all distributions paid in 2006 will be made after the end of 2006.
    
    
      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 $28 
      billion in assets.
    
    
      Past performance is no assurance of future results. Investment return 
      and market value of an investment in the Fund will fluctuate. Shares, 
      when sold, may be worth more or less than their original cost.
    
    
      Principal Risk Factors: The Fund invests principally in equity 
      securities and the Fund’s NAV will fluctuate 
      with changes in the value of the fund’s 
      holdings. The types of stocks that are selected through application of 
      the Fund’s investment strategy can be 
      expected to change over time. Particular risks may be elevated during 
      periods in which the Fund’s investment 
      strategy dictates higher levels of investment in particular types of 
      stocks.
    
    
      The Fund's daily American Stock Exchange closing price and daily net 
      asset value, as well as other information is available at www.ftportfolios.com 
      or by calling 1-800-988-5891.