Abstract: A lift-turn valve actuator is provided for tapered plug valve and slip assemblies that accomplishes vertical movement of the plug and retraction of the slips from sealing engagement with the valve body prior to rotation of the plug member 90.degree. to its open position. The valve actuator assembly includes inner fitting inner and outer sleeve members each having cam slots formed therein with the cam follower of a valve actuating stem being engaged with both cam slots. Rotation of the outer sleeve member with respect to the static inner sleeve imparts initial vertical movement to the actuator stem, valve stem and valve plug for slip retraction as an initial component of movement followed by simultaneous rotational and upward movement of the plug member until the plug member has rotated 90.degree. to its open position.