UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FROM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 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 November 8,1999
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: 54
Form 13F Information Table Value Total: $186,017
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 3,269 55,400sh sole 55,400
Adaptec, Inc. Common 00651F108 2,024 51,000sh sole 51,000
Advantage Learning SystCommon 00757K100 3,036 163,000sh sole 163,000
ATMI, Inc. Common 00207R101 7,989 214,100sh sole 214,100
Allied Signal Inc. Common 019512102 60 1,000sh sole 1,000
American SuperconductorCommon 0301111086 -115 -7,500sh sole -7,500
Aspect Telecomm Common 045237104 4,412 260,000sh sole 260,000
Atrix Laboratories, IncCommon 04962L101 344 50,000sh sole 50,000
AXENT Technologies, IncCommon 05459C108 2,022 156,300sh sole 156,300
Bio-Plexus Inc. Common 09057C106 364 112,000sh sole 112,000
Brunswick Technologies Common 1173941063 1,000 250,000sh sole 250,000
Carnival Corp. Class A 143658102 2,610 60,000sh sole 60,000
Checkpoint Sys Inc. Common 162825103 2,669 286,600sh sole 286,600
Comverse Technology Common 205862402 10,374 110,000sh sole 110,000
Dallas Semiconductor CoCommon 235204104 6,680 125,000sh sole 125,000
Documentum, Inc. Common 256159104 3,568 165,000sh sole 165,000
Dollar Tree Stores Inc.Common 256747106 1,797 45,000sh sole 45,000
Dura Pharmaceuticals Common 26632S109 530 38,000sh sole 38,000
E M C Corp Mass Common 268648102 7,138 100,000sh sole 100,000
Eateries Inc. Common 277851101 282 107,250sh sole 107,250
Elan PLC ADR 284131208 2,014 60,000sh sole 60,000
Epicor Software Corp. Common 29426L108 1,432 248,997sh sole 248,997
GenRad, Inc. Common 372447102 3,831 200,300sh sole 200,300
Gillette Co. Common 375766102 48 1,400sh sole 1,400
Health Mgmt Assoc Inc NClass A 421933102 959 130,000sh sole 130,000
JDS Uniphase Corp. Common 46612J101 31,276 274,800sh sole 274,800
JPM Company Common 4659331098 1,292 195,000sh sole 195,000
Legato Systems Common 524651106 20,053 460,000sh sole 460,000
Lifeline Systems, Inc. Common 532192101 363 25,000sh sole 25,000
Lo Jack Corp. Common 539451104 3,748 452,600sh sole 452,600
Mansur Industries Common 564491108 650 100,000sh sole 100,000
Mapics, Inc Common 564910107 585 67,300sh sole 67,300
Mexican Resturants Common 59283R104 291 75,000sh sole 75,000
Molecular Devices Corp Common 60851C107 7,189 261,400sh sole 261,400
Network Appliances Inc Common 64120l104 8,237 115,000sh sole 115,000
Nextel Comm Inc. Class A 65332V103 6,103 90,000sh sole 90,000
P- Com Inc. Common 693262107 1,050 150,000sh sole 150,000
Pinnacle Systems Inc. Common 723481107 3,178 75,000sh sole 75,000
Planar Systems Common 726900103 2,031 312,500sh sole 312,500
Project Software Common 74339P101 8,828 165,000sh sole 165,000
Prosoft I-Net SolutionsCommon 743477101 567 150,000sh sole 150,000
Proxim, Inc. Common 744284100 4,140 90,000sh sole 90,000
R.G. Barry Corp. Common 068798107 551 89,942sh sole 89,942
Safeskin Corp. Common 786454108 781 95,000sh sole 95,000
Sawtek Inc. Common 805468105 5,250 150,000sh sole 150,000
Summit Design, Inc. Common 86605U101 570 225,000sh sole 225,000
SymmetriCom, Inc. Common 871543104 1,082 144,300sh sole 144,300
TJX Cos Inc new Common 872540109 2,806 100,000sh sole 100,000
Tower Automotive Inc. Common 891707101 1,387 70,000sh sole 70,000
Transcrypt Intl Inc. Common 89363A101 769 397,000sh sole 397,000
UroCor, Inc. Common 91727P105 651 159,000sh sole 159,000
Visio Corporation Common 927914101 3,533 90,000sh sole 90,000
Westaff, Inc. Common 957070105 360 60,000sh sole 60,000
Zitel Corp. Common 989913108 359 294,450sh sole 294,450
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