UNITED STATES PRIVATE
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FROM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
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 March 10,2000
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 PRIVATE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 63
Form 13F Information Table Value Total: $388,775
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 4,363 55,400sh sole 55,400
ATMI, Inc. Common 00207R101 12,487 261,500sh sole 261,500
Adaptec, Inc. Common 00651F108 2,715 70,300sh sole 70,300
Advantage Learning SystCommon 00757K100 8,728 525,000sh sole 525,000
Aspect Telecomm Common 045237104 10,192 275,000sh sole 275,000
Atmel Corp. Common 049513104 2,612 50,600sh sole 50,600
Atrix Laboratories, IncCommon 04962L101 481 50,000sh sole 50,000
AXENT Technologies, IncCommon 05459C108 2,822 150,000sh sole 150,000
Bio-Plexus Inc. Common 09057C106 353 100,000sh sole 100,000
Brunswick Technologies Common 1173941063 1,313 250,000sh sole 250,000
Carnival Corp. Class A 143658102 1,489 60,000sh sole 60,000
Checkpoint Sys Inc. Common 162825103 3,434 410,000sh sole 410,000
Comverse Technology Common 205862402 22,453 118,800sh sole 118,800
Dallas Semiconductor CoCommon 235204104 9,125 250,000sh sole 250,000
Documentum, Inc. Common 256159104 12,870 165,000sh sole 165,000
Dollar Tree Stores Inc.Common 256747106 2,346 45,000sh sole 45,000
Dura Pharmaceuticals Common 26632S109 468 38,000sh sole 38,000
E M C Corp Mass Common 268648102 12,600 100,000sh sole 100,000
Eateries Inc. Common 277851101 325 100,000sh sole 100,000
Elan PLC ADR 284131208 2,850 60,000sh sole 60,000
Epicor Software Corp. Common 29426L108 2,025 238,200sh sole 238,200
Flow International CorpCommon 343468104 3,525 300,000sh sole 300,000
GenRad, Inc. Common 372447102 2,479 200,300sh sole 200,300
Health Mgmt Assoc Inc NClass A 421933102 1,853 130,000sh sole 130,000
Innoveda Inc. Common 45769F102 1,406 225,000sh sole 225,000
JDS Uniphase Corp. Common 46612J101 66,309 550,000sh sole 550,000
JPM Company Common 4659331098 1,609 195,000sh sole 195,000
Kensey Nash Corp. Common 490057106 1,656 100,000sh sole 100,000
Legato Systems Common 524651106 26,329 590,000sh sole 590,000
Lo Jack Corp. Common 539451104 3,255 420,000sh sole 420,000
Mansur Industries Common 564491108 625 100,000sh sole 100,000
Mapics, Inc Common 564910107 1,036 65,000sh sole 65,000
Mexican Resturants Common 59283R104 239 75,000sh sole 75,000
Microsoft Corporation Common 594918104 4,303 40,500sh sole 40,500
Molecular Devices Corp Common 60851C107 20,062 261,400sh sole 261,400
Navidec Inc. Common 63934Q101 1,434 92,500sh sole 92,500
Network Appliances Inc Common 64120l104 28,963 230,000sh sole 230,000
Nextel Comm Inc. Class A 65332V103 13,343 90,000sh sole 90,000
Novellus Systems Inc. Common 670008101 1,061 18,900sh sole 18,900
P- Com Inc. Common 693262107 2,775 150,000sh sole 150,000
Pinnacle Systems Inc. Common 723481107 19,950 600,000sh sole 600,000
Planar Systems Common 726900103 3,525 300,000sh sole 300,000
Project Software Common 74339P101 20,340 360,000sh sole 360,000
ProsoftTraining.com Common 743477101 10,830 480,000sh sole 480,000
Proxim, Inc. Common 744284100 10,772 90,000sh sole 90,000
Sawtek Inc. Common 805468105 7,884 150,000sh sole 150,000
SymmetriCom, Inc. Common 871543104 1,491 141,200sh sole 141,200
TJX Cos Inc new Common 872540109 2,219 100,000sh sole 100,000
Tower Automotive Inc. Common 891707101 1,146 70,000sh sole 70,000
Transcrypt Intl Inc. Common 89363A101 1,379 374,000sh sole 374,000
UroCor, Inc. Common 91727P105 719 147,500sh sole 147,500
Web Street Inc. Common 947336103 249 30,000sh sole 30,000
Wind River Systems, IncCommon 973149107 3,625 100,000sh sole 100,000
Zitel Corp. Common 989913108 6,3331,050,000sh sole 1,050,000
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