COBCH1140 VALUE in FILE or LINKAGE SECTION - only used with INITIALIZE statement

A VALUE clause has been specified on an item within the FILE or LINKAGE SECTION of your program.

This clause will be ignored until you use the VALUE clause as part of an INITIALIZE statement; at which point, the value is assigned to the item.

...
linkage section.
01 lnk-item1 pic x(5) value "hello".
procedure division using lnk-item1.
display lnk-item1.                  *> displays value passed in to program
initialize lnk-item1 to value.
display lnk-item1.                  *> displays "hello"