UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FROM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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 February 7,2000
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
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 63
Form 13F Information Table Value Total: $300,909
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 4,141 55,400sh sole 55,400
Adaptec, Inc. Common 00651F108 3,506 70,300sh sole 70,300
Advantage Learning SystCommon 00757K100 2,685 240,000sh sole 240,000
Amer Eagle Outfitters Common 02553E106 1,269 28,200sh sole 28,200
ATMI, Inc. Common 00207R101 6,761 204,500sh sole 204,500
Aspect Telecomm Common 045237104 10,172 260,000sh sole 260,000
Atmel Corp. Common 049513104 1,496 50,600sh sole 50,600
Atrix Laboratories, IncCommon 04962L101 259 50,000sh sole 50,000
AXENT Technologies, IncCommon 05459C108 3,150 156,300sh sole 156,300
Bio-Plexus Inc. Common 09057C106 408 102,000sh sole 102,000
Brunswick Technologies Common 1173941063 891 250,000sh sole 250,000
Capital One Financial Common 14040H105 1,441 29,900sh sole 29,900
Carnival Corp. Class A 143658102 2,869 60,000sh sole 60,000
Checkpoint Sys Inc. Common 162825103 2,761 271,000sh sole 271,000
Comverse Technology Common 205862402 17,196 118,800sh sole 118,800
Dallas Semiconductor CoCommon 235204104 8,055 125,000sh sole 125,000
Documentum, Inc. Common 256159104 9,879 165,000sh sole 165,000
Dollar Tree Stores Inc.Common 256747106 2,180 45,000sh sole 45,000
Dura Pharmaceuticals Common 26632S109 530 38,000sh sole 38,000
E M C Corp Mass Common 268648102 10,925 100,000sh sole 100,000
Eateries Inc. Common 277851101 287 100,000sh sole 100,000
Elan PLC ADR 284131208 1,770 60,000sh sole 60,000
Electronic Arts Com. Common 285512109 1,546 18,400sh sole 18,400
Epicor Software Corp. Common 29426L108 1,206 238,200sh sole 238,200
GenRad, Inc. Common 372447102 3,230 200,300sh sole 200,300
Gillette Co. Common 375766102 58 1,400sh sole 1,400
Health Mgmt Assoc Inc NClass A 421933102 1,739 130,000sh sole 130,000
Honeywell Intl. Inc. Common 438516106 58 1,000sh sole 1,000
JDS Uniphase Corp. Common 46612J101 49,055 304,100sh sole 304,100
JPM Company Common 4659331098 1,536 195,000sh sole 195,000
Kensey Nash Corp. Common 490057106 1,188 10,000sh sole 10,000
Legato Systems Common 524651106 31,654 460,000sh sole 460,000
Lifeline Systems, Inc. Common 532192101 375 25,000sh sole 25,000
Lo Jack Corp. Common 539451104 2,835 420,000sh sole 420,000
Mansur Industries Common 564491108 512 100,000sh sole 100,000
Mapics, Inc Common 564910107 821 65,000sh sole 65,000
Mexican Resturants Common 59283R104 291 75,000sh sole 75,000
Molecular Devices Corp Common 60851C107 13,593 261,400sh sole 261,400
National Semiconductor Common 637640103 1,087 25,400sh sole 25,400
Navidec Inc. Common 63934Q101 1,110 92,500sh sole 92,500
Network Appliances Inc Common 64120l104 19,104 230,000sh sole 230,000
Nextel Comm Inc. Class A 65332V103 9,281 90,000sh sole 90,000
Novellus Systems Inc. Common 670008101 772 6,300sh sole 6,300
P- Com Inc. Common 693262107 1,327 150,000sh sole 150,000
Pinnacle Systems Inc. Common 723481107 6,376 156,700sh sole 156,700
Planar Systems Common 726900103 1,987 300,000sh sole 300,000
Project Software Common 74339P101 19,980 360,000sh sole 360,000
Prosoft I-Net SolutionsCommon 743477101 1,556 150,000sh sole 150,000
Proxim, Inc. Common 744284100 9,900 90,000sh sole 90,000
R.G. Barry Corp. Common 068798107 350 87,500sh sole 87,500
Safeskin Corp. Common 786454108 1,152 95,000sh sole 95,000
Sawtek Inc. Common 805468105 9,984 150,000sh sole 150,000
Summit Design, Inc. Common 86605U101 787 225,000sh sole 225,000
SymmetriCom, Inc. Common 871543104 1,434 144,300sh sole 144,300
TJX Cos Inc new Common 872540109 2,044 100,000sh sole 100,000
Tandy Corp. Common 875382103 1,709 34,750sh sole 34,750
Tower Automotive Inc. Common 891707101 1,081 70,000sh sole 70,000
Transcrypt Intl Inc. Common 89363A101 1,133 377,700sh sole 377,700
UroCor, Inc. Common 91727P105 618 147,500sh sole 147,500
Visio Corporation Common 927914101 4,275 90,000sh sole 90,000
Web Street Inc. Common 947336103 371 30,000sh sole 30,000
Westaff, Inc. Common 957070105 495 60,000sh sole 60,000
Zitel Corp. Common 989913108 668 274,000sh sole 274,000
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