diff --git a/doc/source/whatsnew/v0.21.0.txt b/doc/source/whatsnew/v0.21.0.txt
index d7789bfbfd04c..66b44d4d391e1 100644
--- a/doc/source/whatsnew/v0.21.0.txt
+++ b/doc/source/whatsnew/v0.21.0.txt
@@ -666,7 +666,8 @@ Deprecations
 - ``pd.TimeGrouper`` is deprecated in favor of :class:`pandas.Grouper` (:issue:`16747`)
 - ``cdate_range`` has been deprecated in favor of :func:`bdate_range`, which has gained ``weekmask`` and ``holidays`` parameters for building custom frequency date ranges. See the :ref:`documentation <timeseries.custom-freq-ranges>` for more details (:issue:`17596`)
 - passing ``categories`` or ``ordered`` kwargs to :func:`Series.astype` is deprecated, in favor of passing a :ref:`CategoricalDtype <whatsnew_0210.enhancements.categorical_dtype>` (:issue:`17636`)
-- Passing a non-existant column in ``.to_excel(..., columns=)`` is deprecated and will raise a ``KeyError`` in the future (:issue:`17295`)
+- Passing a non-existent column in ``.to_excel(..., columns=)`` is deprecated and will raise a ``KeyError`` in the future (:issue:`17295`)
+- ``.get_value`` and ``.set_value`` on ``Series``, ``DataFrame``, ``Panel``, ``SparseSeries``, and ``SparseDataFrame`` are deprecated in favor of using ``.iat[]`` or ``.at[]`` accessors (:issue:`15269`)
 
 .. _whatsnew_0210.deprecations.select:
 
diff --git a/pandas/core/frame.py b/pandas/core/frame.py
index 778a3dc9046a3..a77c002b625cb 100644
--- a/pandas/core/frame.py
+++ b/pandas/core/frame.py
@@ -297,7 +297,8 @@ def _constructor(self):
         return DataFrame
 
     _constructor_sliced = Series
-    _deprecations = NDFrame._deprecations | frozenset(['sortlevel'])
+    _deprecations = NDFrame._deprecations | frozenset(
+        ['sortlevel', 'get_value', 'set_value'])
 
     @property
     def _constructor_expanddim(self):
@@ -1922,6 +1923,10 @@ def get_value(self, index, col, takeable=False):
         """
         Quickly retrieve single value at passed column and index
 
+        .. deprecated:: 0.21.0
+
+        Please use .at[] or .iat[] accessors.
+
         Parameters
         ----------
         index : row label
@@ -1933,6 +1938,14 @@ def get_value(self, index, col, takeable=False):
         value : scalar value
         """
 
+        warnings.warn("get_value is deprecated and will be removed "
+                      "in a future release. Please use "
+                      ".at[] or .iat[] accessors instead", FutureWarning,
+                      stacklevel=2)
+        return self._get_value(index, col, takeable=takeable)
+
+    def _get_value(self, index, col, takeable=False):
+
         if takeable:
             series = self._iget_item_cache(col)
             return _maybe_box_datetimelike(series._values[index])
@@ -1948,12 +1961,17 @@ def get_value(self, index, col, takeable=False):
             # use positional
             col = self.columns.get_loc(col)
             index = self.index.get_loc(index)
-            return self.get_value(index, col, takeable=True)
+            return self._get_value(index, col, takeable=True)
+    _get_value.__doc__ = get_value.__doc__
 
     def set_value(self, index, col, value, takeable=False):
         """
         Put single value at passed column and index
 
+        .. deprecated:: 0.21.0
+
+        Please use .at[] or .iat[] accessors.
+
         Parameters
         ----------
         index : row label
@@ -1967,10 +1985,17 @@ def set_value(self, index, col, value, takeable=False):
             If label pair is contained, will be reference to calling DataFrame,
             otherwise a new object
         """
+        warnings.warn("set_value is deprecated and will be removed "
+                      "in a future release. Please use "
+                      ".at[] or .iat[] accessors instead", FutureWarning,
+                      stacklevel=2)
+        return self._set_value(index, col, value, takeable=takeable)
+
+    def _set_value(self, index, col, value, takeable=False):
         try:
             if takeable is True:
                 series = self._iget_item_cache(col)
-                return series.set_value(index, value, takeable=True)
+                return series._set_value(index, value, takeable=True)
 
             series = self._get_item_cache(col)
             engine = self.index._engine
@@ -1983,6 +2008,7 @@ def set_value(self, index, col, value, takeable=False):
             self._item_cache.pop(col, None)
 
             return self
+    _set_value.__doc__ = set_value.__doc__
 
     def _ixs(self, i, axis=0):
         """
@@ -2791,7 +2817,7 @@ def lookup(self, row_labels, col_labels):
         else:
             result = np.empty(n, dtype='O')
             for i, (r, c) in enumerate(zip(row_labels, col_labels)):
-                result[i] = self.get_value(r, c)
+                result[i] = self._get_value(r, c)
 
         if is_object_dtype(result):
             result = lib.maybe_convert_objects(result)
diff --git a/pandas/core/indexing.py b/pandas/core/indexing.py
index 199aa9cfca506..f1a3fe81a4540 100755
--- a/pandas/core/indexing.py
+++ b/pandas/core/indexing.py
@@ -112,7 +112,7 @@ def __getitem__(self, key):
             key = tuple(com._apply_if_callable(x, self.obj)
                         for x in key)
             try:
-                values = self.obj.get_value(*key)
+                values = self.obj._get_value(*key)
                 if is_scalar(values):
                     return values
             except Exception:
@@ -1542,7 +1542,7 @@ def _is_scalar_access(self, key):
     def _getitem_scalar(self, key):
         # a fast-path to scalar access
         # if not, raise
-        values = self.obj.get_value(*key)
+        values = self.obj._get_value(*key)
         return values
 
     def _get_partial_string_timestamp_match_key(self, key, labels):
@@ -1701,7 +1701,7 @@ def _is_scalar_access(self, key):
     def _getitem_scalar(self, key):
         # a fast-path to scalar access
         # if not, raise
-        values = self.obj.get_value(*key, takeable=True)
+        values = self.obj._get_value(*key, takeable=True)
         return values
 
     def _is_valid_integer(self, key, axis):
@@ -1866,7 +1866,7 @@ def __getitem__(self, key):
                 raise ValueError('Invalid call for scalar access (getting)!')
 
         key = self._convert_key(key)
-        return self.obj.get_value(*key, takeable=self._takeable)
+        return self.obj._get_value(*key, takeable=self._takeable)
 
     def __setitem__(self, key, value):
         if isinstance(key, tuple):
@@ -1883,7 +1883,7 @@ def __setitem__(self, key, value):
                              '(setting)!')
         key = list(self._convert_key(key, is_setter=True))
         key.append(value)
-        self.obj.set_value(*key, takeable=self._takeable)
+        self.obj._set_value(*key, takeable=self._takeable)
 
 
 class _AtIndexer(_ScalarAccessIndexer):
diff --git a/pandas/core/panel.py b/pandas/core/panel.py
index 68733a3a8b94e..fad6a39223b9e 100644
--- a/pandas/core/panel.py
+++ b/pandas/core/panel.py
@@ -470,6 +470,10 @@ def get_value(self, *args, **kwargs):
         """
         Quickly retrieve single value at (item, major, minor) location
 
+        .. deprecated:: 0.21.0
+
+        Please use .at[] or .iat[] accessors.
+
         Parameters
         ----------
         item : item label (panel item)
@@ -481,6 +485,13 @@ def get_value(self, *args, **kwargs):
         -------
         value : scalar value
         """
+        warnings.warn("get_value is deprecated and will be removed "
+                      "in a future release. Please use "
+                      ".at[] or .iat[] accessors instead", FutureWarning,
+                      stacklevel=2)
+        return self._get_value(*args, **kwargs)
+
+    def _get_value(self, *args, **kwargs):
         nargs = len(args)
         nreq = self._AXIS_LEN
 
@@ -500,12 +511,17 @@ def get_value(self, *args, **kwargs):
         else:
             lower = self._get_item_cache(args[0])
 
-        return lower.get_value(*args[1:], takeable=takeable)
+        return lower._get_value(*args[1:], takeable=takeable)
+    _get_value.__doc__ = get_value.__doc__
 
     def set_value(self, *args, **kwargs):
         """
         Quickly set single value at (item, major, minor) location
 
+        .. deprecated:: 0.21.0
+
+        Please use .at[] or .iat[] accessors.
+
         Parameters
         ----------
         item : item label (panel item)
@@ -520,6 +536,13 @@ def set_value(self, *args, **kwargs):
             If label combo is contained, will be reference to calling Panel,
             otherwise a new object
         """
+        warnings.warn("set_value is deprecated and will be removed "
+                      "in a future release. Please use "
+                      ".at[] or .iat[] accessors instead", FutureWarning,
+                      stacklevel=2)
+        return self._set_value(*args, **kwargs)
+
+    def _set_value(self, *args, **kwargs):
         # require an arg for each axis and the value
         nargs = len(args)
         nreq = self._AXIS_LEN + 1
@@ -540,7 +563,7 @@ def set_value(self, *args, **kwargs):
             else:
                 lower = self._get_item_cache(args[0])
 
-            lower.set_value(*args[1:], takeable=takeable)
+            lower._set_value(*args[1:], takeable=takeable)
             return self
         except KeyError:
             axes = self._expand_axes(args)
@@ -553,7 +576,8 @@ def set_value(self, *args, **kwargs):
             if made_bigger:
                 maybe_cast_item(result, args[0], likely_dtype)
 
-            return result.set_value(*args)
+            return result._set_value(*args)
+    _set_value.__doc__ = set_value.__doc__
 
     def _box_item_values(self, key, values):
         if self.ndim == values.ndim:
diff --git a/pandas/core/series.py b/pandas/core/series.py
index 58cac46f63d7e..43b7f1d043e4d 100644
--- a/pandas/core/series.py
+++ b/pandas/core/series.py
@@ -147,7 +147,7 @@ class Series(base.IndexOpsMixin, generic.NDFrame):
     _metadata = ['name']
     _accessors = frozenset(['dt', 'cat', 'str'])
     _deprecations = generic.NDFrame._deprecations | frozenset(
-        ['sortlevel', 'reshape'])
+        ['sortlevel', 'reshape', 'get_value', 'set_value'])
     _allow_index_ops = True
 
     def __init__(self, data=None, index=None, dtype=None, name=None,
@@ -902,6 +902,10 @@ def get_value(self, label, takeable=False):
         """
         Quickly retrieve single value at passed index label
 
+        .. deprecated:: 0.21.0
+
+        Please use .at[] or .iat[] accessors.
+
         Parameters
         ----------
         index : label
@@ -911,9 +915,17 @@ def get_value(self, label, takeable=False):
         -------
         value : scalar value
         """
+        warnings.warn("get_value is deprecated and will be removed "
+                      "in a future release. Please use "
+                      ".at[] or .iat[] accessors instead", FutureWarning,
+                      stacklevel=2)
+        return self._get_value(label, takeable=takeable)
+
+    def _get_value(self, label, takeable=False):
         if takeable is True:
             return _maybe_box_datetimelike(self._values[label])
         return self.index.get_value(self._values, label)
+    _get_value.__doc__ = get_value.__doc__
 
     def set_value(self, label, value, takeable=False):
         """
@@ -921,6 +933,10 @@ def set_value(self, label, value, takeable=False):
         new object is created with the label placed at the end of the result
         index
 
+        .. deprecated:: 0.21.0
+
+        Please use .at[] or .iat[] accessors.
+
         Parameters
         ----------
         label : object
@@ -935,17 +951,25 @@ def set_value(self, label, value, takeable=False):
             If label is contained, will be reference to calling Series,
             otherwise a new object
         """
+        warnings.warn("set_value is deprecated and will be removed "
+                      "in a future release. Please use "
+                      ".at[] or .iat[] accessors instead", FutureWarning,
+                      stacklevel=2)
+        return self._set_value(label, value, takeable=takeable)
+
+    def _set_value(self, label, value, takeable=False):
         try:
             if takeable:
                 self._values[label] = value
             else:
                 self.index._engine.set_value(self._values, label, value)
-            return self
         except KeyError:
 
             # set using a non-recursive method
             self.loc[label] = value
-            return self
+
+        return self
+    _set_value.__doc__ = set_value.__doc__
 
     def reset_index(self, level=None, drop=False, name=None, inplace=False):
         """
diff --git a/pandas/core/sparse/frame.py b/pandas/core/sparse/frame.py
index 7aa49efa82f61..a43aad9a0204e 100644
--- a/pandas/core/sparse/frame.py
+++ b/pandas/core/sparse/frame.py
@@ -5,6 +5,7 @@
 from __future__ import division
 # pylint: disable=E1101,E1103,W0231,E0202
 
+import warnings
 from pandas.compat import lmap
 from pandas import compat
 import numpy as np
@@ -430,19 +431,47 @@ def __getitem__(self, key):
         else:
             return self._get_item_cache(key)
 
-    @Appender(DataFrame.get_value.__doc__, indents=0)
     def get_value(self, index, col, takeable=False):
+        """
+        Quickly retrieve single value at passed column and index
+
+        .. deprecated:: 0.21.0
+
+        Please use .at[] or .iat[] accessors.
+
+        Parameters
+        ----------
+        index : row label
+        col : column label
+        takeable : interpret the index/col as indexers, default False
+
+        Returns
+        -------
+        value : scalar value
+        """
+        warnings.warn("get_value is deprecated and will be removed "
+                      "in a future release. Please use "
+                      ".at[] or .iat[] accessors instead", FutureWarning,
+                      stacklevel=2)
+        return self._get_value(index, col, takeable=takeable)
+
+    def _get_value(self, index, col, takeable=False):
         if takeable is True:
             series = self._iget_item_cache(col)
         else:
             series = self._get_item_cache(col)
 
-        return series.get_value(index, takeable=takeable)
+        return series._get_value(index, takeable=takeable)
+    _get_value.__doc__ = get_value.__doc__
 
     def set_value(self, index, col, value, takeable=False):
         """
         Put single value at passed column and index
 
+        .. deprecated:: 0.21.0
+
+        Please use .at[] or .iat[] accessors.
+
         Parameters
         ----------
         index : row label
@@ -460,9 +489,18 @@ def set_value(self, index, col, value, takeable=False):
         -------
         frame : DataFrame
         """
-        dense = self.to_dense().set_value(index, col, value, takeable=takeable)
+        warnings.warn("set_value is deprecated and will be removed "
+                      "in a future release. Please use "
+                      ".at[] or .iat[] accessors instead", FutureWarning,
+                      stacklevel=2)
+        return self._set_value(index, col, value, takeable=takeable)
+
+    def _set_value(self, index, col, value, takeable=False):
+        dense = self.to_dense()._set_value(
+            index, col, value, takeable=takeable)
         return dense.to_sparse(kind=self._default_kind,
                                fill_value=self._default_fill_value)
+    _set_value.__doc__ = set_value.__doc__
 
     def _slice(self, slobj, axis=0, kind=None):
         if axis == 0:
diff --git a/pandas/core/sparse/series.py b/pandas/core/sparse/series.py
index 5166dc927989e..3255bd6bd17e8 100644
--- a/pandas/core/sparse/series.py
+++ b/pandas/core/sparse/series.py
@@ -426,7 +426,7 @@ def _get_values(self, indexer):
             return self[indexer]
 
     def _set_with_engine(self, key, value):
-        return self.set_value(key, value)
+        return self._set_value(key, value)
 
     def abs(self):
         """
@@ -466,6 +466,10 @@ def get_value(self, label, takeable=False):
         """
         Retrieve single value at passed index label
 
+        .. deprecated:: 0.21.0
+
+        Please use .at[] or .iat[] accessors.
+
         Parameters
         ----------
         index : label
@@ -475,8 +479,17 @@ def get_value(self, label, takeable=False):
         -------
         value : scalar value
         """
+        warnings.warn("get_value is deprecated and will be removed "
+                      "in a future release. Please use "
+                      ".at[] or .iat[] accessors instead", FutureWarning,
+                      stacklevel=2)
+
+        return self._get_value(label, takeable=takeable)
+
+    def _get_value(self, label, takeable=False):
         loc = label if takeable is True else self.index.get_loc(label)
         return self._get_val_at(loc)
+    _get_value.__doc__ = get_value.__doc__
 
     def set_value(self, label, value, takeable=False):
         """
@@ -484,6 +497,10 @@ def set_value(self, label, value, takeable=False):
         new object is created with the label placed at the end of the result
         index
 
+        .. deprecated:: 0.21.0
+
+        Please use .at[] or .iat[] accessors.
+
         Parameters
         ----------
         label : object
@@ -501,11 +518,18 @@ def set_value(self, label, value, takeable=False):
         -------
         series : SparseSeries
         """
+        warnings.warn("set_value is deprecated and will be removed "
+                      "in a future release. Please use "
+                      ".at[] or .iat[] accessors instead", FutureWarning,
+                      stacklevel=2)
+        return self._set_value(label, value, takeable=takeable)
+
+    def _set_value(self, label, value, takeable=False):
         values = self.to_dense()
 
         # if the label doesn't exist, we will create a new object here
         # and possibily change the index
-        new_values = values.set_value(label, value, takeable=takeable)
+        new_values = values._set_value(label, value, takeable=takeable)
         if new_values is not None:
             values = new_values
         new_index = values.index
@@ -513,6 +537,7 @@ def set_value(self, label, value, takeable=False):
                              kind=self.kind)
         self._data = SingleBlockManager(values, new_index)
         self._index = new_index
+    _set_value.__doc__ = set_value.__doc__
 
     def _set_values(self, key, value):
 
diff --git a/pandas/tests/frame/test_api.py b/pandas/tests/frame/test_api.py
index 5ea8230ced41b..be6d81c63ae1e 100644
--- a/pandas/tests/frame/test_api.py
+++ b/pandas/tests/frame/test_api.py
@@ -69,7 +69,9 @@ def test_getitem_pop_assign_name(self):
     def test_get_value(self):
         for idx in self.frame.index:
             for col in self.frame.columns:
-                result = self.frame.get_value(idx, col)
+                with tm.assert_produces_warning(FutureWarning,
+                                                check_stacklevel=False):
+                    result = self.frame.get_value(idx, col)
                 expected = self.frame[col][idx]
                 tm.assert_almost_equal(result, expected)
 
diff --git a/pandas/tests/frame/test_constructors.py b/pandas/tests/frame/test_constructors.py
index d0cd1899a0a3c..7f1cc12ec4277 100644
--- a/pandas/tests/frame/test_constructors.py
+++ b/pandas/tests/frame/test_constructors.py
@@ -258,8 +258,12 @@ def test_constructor_dict(self):
         # Dict with None value
         frame_none = DataFrame(dict(a=None), index=[0])
         frame_none_list = DataFrame(dict(a=[None]), index=[0])
-        assert frame_none.get_value(0, 'a') is None
-        assert frame_none_list.get_value(0, 'a') is None
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            assert frame_none.get_value(0, 'a') is None
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            assert frame_none_list.get_value(0, 'a') is None
         tm.assert_frame_equal(frame_none, frame_none_list)
 
         # GH10856
@@ -509,7 +513,9 @@ def test_nested_dict_frame_constructor(self):
         data = {}
         for col in df.columns:
             for row in df.index:
-                data.setdefault(col, {})[row] = df.get_value(row, col)
+                with tm.assert_produces_warning(FutureWarning,
+                                                check_stacklevel=False):
+                    data.setdefault(col, {})[row] = df.get_value(row, col)
 
         result = DataFrame(data, columns=rng)
         tm.assert_frame_equal(result, df)
@@ -517,7 +523,9 @@ def test_nested_dict_frame_constructor(self):
         data = {}
         for col in df.columns:
             for row in df.index:
-                data.setdefault(row, {})[col] = df.get_value(row, col)
+                with tm.assert_produces_warning(FutureWarning,
+                                                check_stacklevel=False):
+                    data.setdefault(row, {})[col] = df.get_value(row, col)
 
         result = DataFrame(data, index=rng).T
         tm.assert_frame_equal(result, df)
diff --git a/pandas/tests/frame/test_indexing.py b/pandas/tests/frame/test_indexing.py
index dd2759cd3ef8e..d00f56830a6fa 100644
--- a/pandas/tests/frame/test_indexing.py
+++ b/pandas/tests/frame/test_indexing.py
@@ -1629,7 +1629,9 @@ def test_getitem_list_duplicates(self):
     def test_get_value(self):
         for idx in self.frame.index:
             for col in self.frame.columns:
-                result = self.frame.get_value(idx, col)
+                with tm.assert_produces_warning(FutureWarning,
+                                                check_stacklevel=False):
+                    result = self.frame.get_value(idx, col)
                 expected = self.frame[col][idx]
                 assert result == expected
 
@@ -1637,7 +1639,9 @@ def test_lookup(self):
         def alt(df, rows, cols, dtype):
             result = []
             for r, c in zip(rows, cols):
-                result.append(df.get_value(r, c))
+                with tm.assert_produces_warning(FutureWarning,
+                                                check_stacklevel=False):
+                    result.append(df.get_value(r, c))
             return np.array(result, dtype=dtype)
 
         def testit(df):
@@ -1671,32 +1675,48 @@ def testit(df):
     def test_set_value(self):
         for idx in self.frame.index:
             for col in self.frame.columns:
-                self.frame.set_value(idx, col, 1)
+                with tm.assert_produces_warning(FutureWarning,
+                                                check_stacklevel=False):
+                    self.frame.set_value(idx, col, 1)
                 assert self.frame[col][idx] == 1
 
     def test_set_value_resize(self):
 
-        res = self.frame.set_value('foobar', 'B', 0)
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            res = self.frame.set_value('foobar', 'B', 0)
         assert res is self.frame
         assert res.index[-1] == 'foobar'
-        assert res.get_value('foobar', 'B') == 0
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            assert res.get_value('foobar', 'B') == 0
 
         self.frame.loc['foobar', 'qux'] = 0
-        assert self.frame.get_value('foobar', 'qux') == 0
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            assert self.frame.get_value('foobar', 'qux') == 0
 
         res = self.frame.copy()
-        res3 = res.set_value('foobar', 'baz', 'sam')
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            res3 = res.set_value('foobar', 'baz', 'sam')
         assert res3['baz'].dtype == np.object_
 
         res = self.frame.copy()
-        res3 = res.set_value('foobar', 'baz', True)
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            res3 = res.set_value('foobar', 'baz', True)
         assert res3['baz'].dtype == np.object_
 
         res = self.frame.copy()
-        res3 = res.set_value('foobar', 'baz', 5)
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            res3 = res.set_value('foobar', 'baz', 5)
         assert is_float_dtype(res3['baz'])
         assert isna(res3['baz'].drop(['foobar'])).all()
-        pytest.raises(ValueError, res3.set_value, 'foobar', 'baz', 'sam')
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            pytest.raises(ValueError, res3.set_value, 'foobar', 'baz', 'sam')
 
     def test_set_value_with_index_dtype_change(self):
         df_orig = DataFrame(randn(3, 3), index=lrange(3), columns=list('ABC'))
@@ -1704,7 +1724,9 @@ def test_set_value_with_index_dtype_change(self):
         # this is actually ambiguous as the 2 is interpreted as a positional
         # so column is not created
         df = df_orig.copy()
-        df.set_value('C', 2, 1.0)
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            df.set_value('C', 2, 1.0)
         assert list(df.index) == list(df_orig.index) + ['C']
         # assert list(df.columns) == list(df_orig.columns) + [2]
 
@@ -1715,7 +1737,9 @@ def test_set_value_with_index_dtype_change(self):
 
         # create both new
         df = df_orig.copy()
-        df.set_value('C', 'D', 1.0)
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            df.set_value('C', 'D', 1.0)
         assert list(df.index) == list(df_orig.index) + ['C']
         assert list(df.columns) == list(df_orig.columns) + ['D']
 
@@ -1728,8 +1752,9 @@ def test_get_set_value_no_partial_indexing(self):
         # partial w/ MultiIndex raise exception
         index = MultiIndex.from_tuples([(0, 1), (0, 2), (1, 1), (1, 2)])
         df = DataFrame(index=index, columns=lrange(4))
-        pytest.raises(KeyError, df.get_value, 0, 1)
-        # pytest.raises(KeyError, df.set_value, 0, 1, 0)
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            pytest.raises(KeyError, df.get_value, 0, 1)
 
     def test_single_element_ix_dont_upcast(self):
         self.frame['E'] = 1
diff --git a/pandas/tests/series/test_indexing.py b/pandas/tests/series/test_indexing.py
index 93e7b81163b54..0ca319565e24b 100644
--- a/pandas/tests/series/test_indexing.py
+++ b/pandas/tests/series/test_indexing.py
@@ -800,13 +800,17 @@ def test_setitem_dtypes(self):
 
     def test_set_value(self):
         idx = self.ts.index[10]
-        res = self.ts.set_value(idx, 0)
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            res = self.ts.set_value(idx, 0)
         assert res is self.ts
         assert self.ts[idx] == 0
 
         # equiv
         s = self.series.copy()
-        res = s.set_value('foobar', 0)
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            res = s.set_value('foobar', 0)
         assert res is s
         assert res.index[-1] == 'foobar'
         assert res['foobar'] == 0
@@ -2632,8 +2636,12 @@ def test_series_set_value(self):
         dates = [datetime(2001, 1, 1), datetime(2001, 1, 2)]
         index = DatetimeIndex(dates)
 
-        s = Series().set_value(dates[0], 1.)
-        s2 = s.set_value(dates[1], np.nan)
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            s = Series().set_value(dates[0], 1.)
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            s2 = s.set_value(dates[1], np.nan)
 
         exp = Series([1., np.nan], index=index)
 
diff --git a/pandas/tests/sparse/test_frame.py b/pandas/tests/sparse/test_frame.py
index ed4a3a9e5f75f..ef94e2f78278d 100644
--- a/pandas/tests/sparse/test_frame.py
+++ b/pandas/tests/sparse/test_frame.py
@@ -430,22 +430,32 @@ def test_set_value(self):
 
         # ok, as the index gets converted to object
         frame = self.frame.copy()
-        res = frame.set_value('foobar', 'B', 1.5)
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            res = frame.set_value('foobar', 'B', 1.5)
         assert res.index.dtype == 'object'
 
         res = self.frame
         res.index = res.index.astype(object)
 
-        res = self.frame.set_value('foobar', 'B', 1.5)
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            res = self.frame.set_value('foobar', 'B', 1.5)
         assert res is not self.frame
         assert res.index[-1] == 'foobar'
-        assert res.get_value('foobar', 'B') == 1.5
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            assert res.get_value('foobar', 'B') == 1.5
 
-        res2 = res.set_value('foobar', 'qux', 1.5)
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            res2 = res.set_value('foobar', 'qux', 1.5)
         assert res2 is not res
         tm.assert_index_equal(res2.columns,
                               pd.Index(list(self.frame.columns) + ['qux']))
-        assert res2.get_value('foobar', 'qux') == 1.5
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            assert res2.get_value('foobar', 'qux') == 1.5
 
     def test_fancy_index_misc(self):
         # axis = 0
diff --git a/pandas/tests/sparse/test_series.py b/pandas/tests/sparse/test_series.py
index 13dab68b2e5b4..7c7399317809f 100644
--- a/pandas/tests/sparse/test_series.py
+++ b/pandas/tests/sparse/test_series.py
@@ -465,15 +465,22 @@ def test_get_get_value(self):
         expected = self.btseries.to_dense()[dt]
         tm.assert_almost_equal(result, expected)
 
-        tm.assert_almost_equal(self.bseries.get_value(10), self.bseries[10])
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            tm.assert_almost_equal(
+                self.bseries.get_value(10), self.bseries[10])
 
     def test_set_value(self):
 
         idx = self.btseries.index[7]
-        self.btseries.set_value(idx, 0)
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            self.btseries.set_value(idx, 0)
         assert self.btseries[idx] == 0
 
-        self.iseries.set_value('foobar', 0)
+        with tm.assert_produces_warning(FutureWarning,
+                                        check_stacklevel=False):
+            self.iseries.set_value('foobar', 0)
         assert self.iseries.index[-1] == 'foobar'
         assert self.iseries['foobar'] == 0
 
diff --git a/pandas/tests/test_panel.py b/pandas/tests/test_panel.py
index a6113f231f8f2..c8e056f156218 100644
--- a/pandas/tests/test_panel.py
+++ b/pandas/tests/test_panel.py
@@ -405,7 +405,9 @@ def test_get_value(self):
         for item in self.panel.items:
             for mjr in self.panel.major_axis[::2]:
                 for mnr in self.panel.minor_axis:
-                    result = self.panel.get_value(item, mjr, mnr)
+                    with tm.assert_produces_warning(FutureWarning,
+                                                    check_stacklevel=False):
+                        result = self.panel.get_value(item, mjr, mnr)
                     expected = self.panel[item][mnr][mjr]
                     assert_almost_equal(result, expected)
 
@@ -867,16 +869,17 @@ def test_comp(func):
                 test_comp(operator.le)
 
     def test_get_value(self):
-        for item in self.panel.items:
-            for mjr in self.panel.major_axis[::2]:
-                for mnr in self.panel.minor_axis:
-                    result = self.panel.get_value(item, mjr, mnr)
-                    expected = self.panel[item][mnr][mjr]
-                    assert_almost_equal(result, expected)
-        with tm.assert_raises_regex(TypeError,
-                                    "There must be an argument "
-                                    "for each axis"):
-            self.panel.get_value('a')
+        with catch_warnings(record=True):
+            for item in self.panel.items:
+                for mjr in self.panel.major_axis[::2]:
+                    for mnr in self.panel.minor_axis:
+                        result = self.panel.get_value(item, mjr, mnr)
+                        expected = self.panel[item][mnr][mjr]
+                        assert_almost_equal(result, expected)
+            with tm.assert_raises_regex(TypeError,
+                                        "There must be an argument "
+                                        "for each axis"):
+                self.panel.get_value('a')
 
     def test_set_value(self):
         with catch_warnings(record=True):