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Let N be a closed oriented k-dimensional submanifold of the (k+2)-dimensional sphere; denote its complement by C(N). Denote by x the 1-dimensional cohomology class in C(N), dual to N. The Morse-Novikov number of C(N) is by definition the minimal possible number of critical points of a regular Morse map f from C(N) to a circle, such that f belongs to x. In the first part of this paper we study the case when N is the twist frame spun knot associated to an m-knot K. We obtain a formula which relates the Morse-Novikov numbers of N and K and generalizes the classical results of D. Roseman and E.C. Zeeman about fibrations of spun knots. In the second part we apply the obtained results to the computation of Morse-Novikov numbers of surface-links in 4-sphere.

Circle-Valued Morse Theory for Frame Spun Knots and Surface-Links