In releases prior to 3ds Max 4, the class of a reference value (as returned by the '&' prefix operator) was shown as Value. It is now the class 'ValueRef'.
EXAMPLE
ref = &foo.name classOf ref -> ValueRef if classOf x = = ValueRef then y = *x
Nested property accessing allowed in '&' reference values in MAXScript.
This allows constructs like: r = &$foo.pos , and later *r.controller to mean $foo.pos.controller.