UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FROM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing the Report:
Name: Emerging Growth Advisors, Inc.
Address: World Trade Center Baltimore
401 E. Pratt St., Suite 211
Baltimore, MD 21202-3041
13F File Number: 28-6448
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing the Report on Behalf of Reporting Manager:
Name: Peter S. Welles
Title: President
Phone: 410-332-1021
Signature, Place, and Date of Signing:
Peter S. Welles Baltimore, MD August 10,1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 52
Form 13F Information Table Value Total: $158,576
List of Other Included Managers: None
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FORM 13F INFORMATION TABLE
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column8
VALUE SHARES/ SH/PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLAS CUSIP (x$1000) PRN AMT PRNCALL DISCRETION MANAGERS SOLE SHARED NONE
AES Corp Common 00130H105 3,220 55,400sh sole 55,400
Adaptec, Inc. Common 00651F108 1,801 51,000sh sole 51,000
ATMI, Inc. Common 00207R101 6,369 214,100sh sole 214,100
Allied Signal Inc. Common 019512102 63 1,000sh sole 1,000
American SuperconductorCommon 0301111086 -112 -7,500sh sole -7,500
Aspect Telecomm Common 045237104 2,535 260,000sh sole 260,000
Atrix Laboratories, IncCommon 04962L101 481 50,000sh sole 50,000
AXENT Technologies, IncCommon 05459C108 1,739 156,300sh sole 156,300
Bio-Plexus Inc. Common 09057C106 511 112,000sh sole 112,000
Brunswick Technologies Common 1173941063 1,359 250,000sh sole 250,000
Carnival Corp. Class A 143658102 2,910 60,000sh sole 60,000
Checkpoint Sys Inc. Common 162825103 2,561 286,600sh sole 286,600
Converse Technology Common 2125401081 8,305 110,000sh sole 110,000
Dallas Semiconductor CoCommon 235204104 6,344 125,000sh sole 125,000
Documentum, Inc. Common 256159104 1,763 135,000sh sole 135,000
Dollar Tree Stores Inc.Common 256747106 1,980 45,000sh sole 45,000
Dura Pharmaceuticals Common 26632S109 454 38,000sh sole 38,000
E M C Corp Mass Common 268648102 6,050 110,000sh sole 110,000
Eateries Inc. Common 277851101 402 107,250sh sole 107,250
Elan PLC ADR 284131208 1,665 60,000sh sole 60,000
Epicor Software Corp. Common 29426L108 1,852 248,997sh sole 248,997
GenRad, Inc. Common 372447102 4,281 200,300sh sole 200,300
Gillette Co. Common 375766102 57 1,400sh sole 1,400
Health Mgmt Assoc Inc NClass A 421933102 1,463 130,000sh sole 130,000
Hirsch Intl Corp. Class A 433550100 638 283,650sh sole 283,650
JPM Company Common 4659331098 2,535 195,000sh sole 195,000
Legato Systems Common 524651106 15,131 262,000sh sole 262,000
Lifeline Systems, Inc. Common 532192101 481 25,000sh sole 25,000
Lo Jack Corp. Common 539451104 3,791 452,600sh sole 452,600
Mansur Industries Common 564491108 1,000 100,000sh sole 100,000
Mapics, Inc Common 564910107 711 67,300sh sole 67,300
Mexican Resturants Common 59283R104 319 75,000sh sole 75,000
Molecular Devices Corp Common 60851C107 9,803 261,400sh sole 261,400
Network Appliances Inc Common 64120l104 6,984 125,000sh sole 125,000
Nextel Comm Inc. Class A 65332V103 4,517 90,000sh sole 90,000
P- Com Inc. Common 693262107 785 150,000sh sole 150,000
Planar Systems Common 726900103 2,422 312,500sh sole 312,500
Project Software Common 74339P101 5,156 165,000sh sole 165,000
Prosoft I-Net SolutionsCommon 743477101 375 150,000sh sole 150,000
Proxim, Inc. Common 744284100 5,220 90,000sh sole 90,000
R.G. Barry Corp. Common 068798107 742 89,942sh sole 89,942
Safeskin Corp. Common 786454108 1,140 95,000sh sole 95,000
Sawtek Inc. Common 805468105 3,441 75,000sh sole 75,000
Summit Design, Inc. Common 86605U101 675 225,000sh sole 225,000
SymmetriCom, Inc. Common 871543104 1,172 144,300sh sole 144,300
TJX Cos Inc new Common 872540109 3,331 100,000sh sole 100,000
Tower Automotive Inc. Common 891707101 1,781 70,000sh sole 70,000
Transcrypt Intl Inc. Common 89363A101 546 397,000sh sole 397,000
Uniphase Corp. Common 909149106 22,808 137,400sh sole 137,400
UroCor, Inc. Common 91727P105 780 159,000sh sole 159,000
Visio Corporation Common 927914101 3,426 90,000sh sole 90,000
Westaff, Inc. Common 957070105 353 60,000sh sole 60,000
Zitel Corp. Common 989913108 460 294,450sh sole 294,450
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