| P.O. Box 2600 | |
| Valley Forge, PA 19482-2600 | |
| 610-503-2398 | |
| barry_mendelson@vanguard.com | |
| August 5, 2013 | |
| Amy Miller | |
| U.S. Securities and Exchange Commission | via electronic filing |
| 100 F Street, N.E. | |
| Washington, DC 20549 | |
RE: Vanguard Valley Forge Funds; File No. 33-48863
Dear Ms. Miller,
The following responds to our conversation on July 19, 2013 on the post-effective amendment of the registration statement of the above-referenced registrant. You commented on Post-Effective Amendment No. 55 that was filed on June 3, 2013 pursuant to Rule 485(a).
Comment 1: Tandy Requirements
As required by the SEC, the Funds acknowledge that:
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Each Fund is responsible for the adequacy and accuracy of the disclosure in the filing.
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Staff comments or changes in response to staff comments in the filings reviewed by the staff do not foreclose the Commission from taking any action with respect to the filing.
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Each Fund may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
Please contact me at (610) 503-2398 with any questions or comments regarding the above response. Thank you.
Sincerely,
Barry A. Mendelson
Principal and Senior Counsel