PAGE  1
000 B000000 12/31/2010
000 C000000 0000810439
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 BLUE CHIP VALUE FUND, INC.
001 B000000 811-5003
001 C000000 8006244190
002 A000000 1225 17TH STREET, 26TH FLOOR
002 B000000 DENVER
002 C000000 CO
002 D010000 80202
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
      PAGE  2
007 C013000 30
008 A000001 DENVER INVESTMENT ADVISORS, LLC.
008 B000001 A
008 C000001 801-47933
008 D010001 DENVER
008 D020001 CO
008 D030001 80202
010 A000001 DENVER INVESTMENT ADVISORS, LLC.
010 B000001 801-47933
010 C010001 DENVER
010 C020001 CO
010 C030001 80202
010 A000002 ALPS FUND SERVICES, INC.
010 B000002 84-5730
010 C010002 DENVER
010 C020002 CO
010 C030002 80203
012 A000001 BNY MELLON SHAREOWNER SERVICES
012 B000001 84-5579
012 C010001 JERSEY CITY
012 C020001 NJ
012 C030001 07310
013 A000001 DELOITTE & TOUCHE, LLP.
013 B010001 DENVER
013 B020001 CO
013 B030001 80202
015 A000001 THE BANK OF NEW YORK MELLON
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10286
015 E010001 X
018  000000 Y
019 A000000 N
019 B000000    0
020 A000001 BARCLAYS CAPITAL INC.
020 B000001 06-1031656
020 C000001     44
020 A000002 BNY CONVERGEX EXECUTION SOLUTIONS LLC
020 B000002 13-3989198
020 C000002     30
020 A000003 JP MORGAN CHASE & CO.
020 B000003 13-2624428
020 C000003     11
020 A000004 CREDIT SUISSE SECURITIES (USA) LLC
020 B000004 05-0546650
020 C000004      9
020 A000005 STIFEL, NICOLAUS & CO., INC.
020 B000005 43-0538770
020 C000005      5
020 A000006 WEEDEN & CO. L.P.
      PAGE  3
020 B000006 13-3364318
020 C000006      4
020 A000007 AVIAN SECURITIES, LLC
020 B000007 14-1840610
020 C000007      4
020 A000008 CIBC WORLD MARKETS CORP.
020 B000008 13-2798343
020 C000008      4
020 A000009 FRIEDMAN, BILLINGS, RAMSEY & CO., INC.
020 B000009 52-1630477
020 C000009      3
020 A000010 MORGAN STANLEY & CO., INC.
020 B000010 13-2655998
020 C000010      3
021  000000      131
022 A000001 FIDELITY INST'L MONEY MARKET GOV'T PORTFOLIO
022 C000001     10828
022 D000001      9732
022 C000002         0
022 D000002         0
022 C000003         0
022 D000003         0
022 C000004         0
022 D000004         0
022 C000005         0
022 D000005         0
022 C000006         0
022 D000006         0
022 C000007         0
022 D000007         0
022 C000008         0
022 D000008         0
022 C000009         0
022 D000009         0
022 C000010         0
022 D000010         0
023 C000000      10828
023 D000000       9732
024  000000 Y
025 A000001 JP MORGAN CHASE & CO.
025 B000001 13-2624428
025 C000001 E
025 D000001    3084
025 A000002 DELETE
025 D000002       0
025 A000003 DELETE
025 D000003       0
025 D000004       0
025 D000005       0
025 D000006       0
025 D000007       0
      PAGE  4
025 D000008       0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 N
045  000000 Y
046  000000 N
047  000000 Y
048  000000  0.000
048 A010000   100000
048 A020000 0.650
048 B010000        0
048 B020000 0.000
048 C010000        0
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000   100000
048 K020000 0.500
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 N
054 I000000 N
      PAGE  5
054 J000000 N
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 Y
056  000000 Y
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 Y
060 B000000 Y
061  000000        0
062 A000000 N
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000   0.0
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
063 A000000   0
063 B000000  0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 Y
066 E000000 N
066 F000000 N
066 G000000 N
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 N
      PAGE  6
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 Y
070 P010000 Y
070 P020000 N
070 Q010000 Y
070 Q020000 Y
070 R010000 Y
070 R020000 N
071 A000000     43265
071 B000000     55145
071 C000000    108057
071 D000000   40
072 A000000 12
072 B000000        1
072 C000000     1974
072 D000000        0
072 E000000        0
072 F000000      672
072 G000000       95
072 H000000       22
072 I000000       45
072 J000000       10
072 K000000        0
072 L000000       66
072 M000000       87
072 N000000        0
072 O000000        0
072 P000000       80
      PAGE  7
072 Q000000        0
072 R000000       30
072 S000000      105
072 T000000        0
072 U000000        0
072 V000000        0
072 W000000      258
072 X000000     1470
072 Y000000        0
072 Z000000      505
072AA000000        0
072BB000000     5757
072CC010000     7961
072CC020000        0
072DD010000      507
072DD020000        0
072EE000000        0
073 A010000   0.0200
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.0000
074 A000000        0
074 B000000        0
074 C000000     1344
074 D000000        0
074 E000000        0
074 F000000   108316
074 G000000        0
074 H000000        0
074 I000000        0
074 J000000        0
074 K000000        0
074 L000000      174
074 M000000       20
074 N000000   109854
074 O000000        0
074 P000000       72
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000      690
074 S000000        0
074 T000000   109092
074 U010000    28464
074 U020000        0
074 V010000     3.83
074 V020000     0.00
074 W000000   0.0000
074 X000000     2001
074 Y000000        0
      PAGE  8
075 A000000        0
075 B000000   103548
076  000000     3.71
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 E000000 Y
077 M000000 Y
077 Q010000 Y
077 Q020000 Y
078  000000 N
080 A000000 FEDERAL INSURANCE COMPANY
080 C000000      600
081 A000000 N
081 B000000   0
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
087 A010000 COMMON
087 A020000 095333100
087 A030000 BLU
088 A000000 Y
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE   PATRICK BUCHANAN
TITLE       FUND CONTROLLER