DISCIPLINED GROWTH INVESTORS INC /MN
13F-HR, 1999-10-26
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				UNITED STATES
			SECURITIES AND EXCHANGE COMMISSION
				WASHINGTON, D.C. 20549

					FORM 13F

				FORM 13F COVER PAGE

Report for the Calendar Year of 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 this Report:

Name:   Disciplined Growth Investors, Inc.
Address:900 2nd Avenue South Suite 450
	Minneapolis, MN 55402

13f File Number: 28-6630

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 this Report on Behalf of Reporting Manager:

Name:    Mark R. Ferguson
Title:   Managing Principal
Phone:	 612-317-4101
Signature, Place, and Date of Signing:

	Mark R. Ferguson	Minneapolis, MN		April 20, 1999
Report Type  (Check only one):

[X]	13F HOLDINGS REPORT

[ ]	13F NOTICE

[ ]	13F COMBINATION REPORT.

List of other Managers Reporting for this Manager:


I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>


			FORM 13F SUMMARY PAGE

Report Summary:

Number of other included Managers:	0

Form 13F Information Table Entry Total:	154

Form 13F Information Table Value Total:	$553,688


List of Other Included Managers:

No.   13F File Number      Name


<PAGE>
<TABLE>
                                                                  FORM 13F INFORMATION TABLE
                                                           VALUE   SHARES/  SH/ PUT/ INVSTMT    OTHER          VOTING AUTHORITY
        NAME OF ISSUER          TITLE OF CLASS    CUSIP   (x$1000) PRN AMT  PRN CALL DSCRETN   MANAGERS     SOLE    SHARED    NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S>                            <C>              <C>       <C>      <C>      <C> <C>  <C>     <C>          <C>      <C>      <C>
3DFX INTERACTIVE COM           com              88553X103      393    47599 SH       SOLE                    47599
3DO CO COM                     com              88553w105     4497   446900 SH       SOLE                   446900
ACTIVISION INC NEW COM NEW     com              004930202     5106   289700 SH       SOLE                   289700
ADAPTIVE BROADBAND CP COM      com              00650M104     8506   253900 SH       SOLE                   253900
                                                               167     5000 SH       OTHER                    5000
ADOBE SYS INC COM              com              00724F101    12791   112700 SH       SOLE                   112600               100
AEGON N V ORD AMER REG         com              007924103     1158    13391 SH       SOLE                    13391
AK STL HLDG CORP COM           com              001547108    15609   855302 SH       SOLE                   851302              4000
                                                               146     8000 SH       OTHER                    8000
ALCATEL ALSTHOM SPONSORED ADR  com              013904305     5419   195288 SH       SOLE                   195288
ALLSTATE CORP COM              com              020002101     1289    51700 SH       SOLE                    51500               200
APPLE COMPUTER INC COM         com              037833100    15391   243100 SH       SOLE                   241700              1400
ARCHER DANIELS MIDLAND COM     com              039483102      143    11786 SH       SOLE                    11786
ASHWORTH INC COM               com              04516H101      735   154700 SH       SOLE                   154700
ASPEN TECHNOLOGY INC COM       com              045327103     2561   262700 SH       SOLE                   262700
ASSISTED LIVING CONCPT COM     com              04543l109      268    93100 SH       SOLE                    93100
AUTODESK INC COM               com              052769106      258    11814 SH       SOLE                    11814
AWARE INC MASS COM             com              05453N100      574    20000 SH       SOLE                    20000
BARRETT RES CORP COM PAR $0.01 com              068480201     1991    53900 SH       SOLE                    53900
BETHLEHEM STL CORP COM         com              087509105     1850   250800 SH       SOLE                   250800
BJ SVCS CO COM                 com              055482103     2364    74300 SH       SOLE                    74300
BLACK BOX CORP DEL COM         com              091826107      651    12400 SH       SOLE                    12400
CARDINAL HEALTH INC COM        com              14149Y108     6744   123752 SH       SOLE                   123326               426
CBS CORP COM                   com              12490K107    10302   222751 SH       SOLE                   221751              1000
CENDANT CORP COM               com              151313103     7040   396629 SH       SOLE                   396520               109
CENTRAL PKG CORP COM           com              154785109      211     7200 SH       OTHER                    7200
CHEESECAKE FACTORY INC COM     com              163072101     5177   186550 SH       SOLE                   186550
CITIGROUP INC COM              com              173034109      393     8924 SH       SOLE                     8924
CLARIFY INC COM                com              180492100     6777   134700 SH       SOLE                   134700
COLGATE PALMOLIVE CO COM       com              194162103      217     4750 SH       SOLE                     4750
COMPS COM INC COM              com              204679104     1457   204500 SH       SOLE                   204500
CONSOLIDATED STORES CP COM     com              210149100     1580    71605 SH       SOLE                    71605
CORPORATE EXPRESS INC COM      com              219888104    14526  1544301 SH       SOLE                  1543001              1300
                                                                56     6000 SH       OTHER                    6000
CSX CORP COM                   com              126408103     2674    63104 SH       SOLE                    62804               300
                                                                51     1200 SH       OTHER                    1200
DAMARK INTL INC CL A           com              235691102     1898   188600 SH       SOLE                   188600
DAVOX CORP COM                 com              239208101     3267   250100 SH       SOLE                   250000               100
DELPHI AUTO SYS CORP COM       com              247126105     1274    79314 SH       SOLE                    79036               278
DENTSPLY INTL INC NEW COM      com              249030107      496    21800 SH       SOLE                    21600               200
DEVON ENERGY CORP COM          com              25179M103    18123   437366 SH       SOLE                   435666              1700
                                                               160     3856 SH       OTHER                    3856
DONALDSON INC COM              com              257651109      640    27600 SH       SOLE                    27000               600
DSET CORP COM                  com              262504103     2102   143100 SH       SOLE                   143100
DURA PHARMACEUTICALS COM       com              26632s109      790    56700 SH       SOLE                    56700
EATON CORP COM                 com              278058102     8946   103651 SH       SOLE                   103251               400
                                                                78      900 SH       OTHER                     900
ECHELON CORP COM               com              27874N105     1738   228000 SH       SOLE                   228000
EXXON CORP COM                 com              302290101      319     4202 SH       SOLE                     4018               184
                                                                91     1200 SH       OTHER                    1200
FBL FINL GROUP INC COM         com              30239F106     2545   123400 SH       SOLE                   123400
FIRSTAR CORP COM               com              33761C103      307    12000 SH       SOLE                    12000
GENERAL MLS INC COM            com              370334104      262     3227 SH       SOLE                     3227
GENERAL MTRS CORP COM          com              370442105     7098   112776 SH       SOLE                   112376               400
GENTEX CORP COM                com              371901109     1051    50900 SH       SOLE                    50900
GENZYME CORP COM GENL DIV      com              372917104     3623    80400 SH       SOLE                    80400
GEORGIA PAC CORP COM-TIMBER GR com              373298702     4637   202700 SH       SOLE                   202700
                                                                21      900 SH       OTHER                     900
HARBINGER CORP COM             com              41145C103     4837   286650 SH       SOLE                   286650
HONEYWELL INC COM              com              438506107     8308    74636 SH       SOLE                    73836               800
                                                               100      900 SH       OTHER                     900
INCYTE PHARMACEUTICALS COM     com              45337c102     4694   203000 SH       SOLE                   203000
INPUT/OUTPUT INC COM           com              457652105      238    35900 SH       SOLE                    35900
INSO CORP COM                  com              457674109      358    44700 SH       SOLE                    44700
INTEL CORP COM                 com              458140100      935    12580 SH       SOLE                    10480              2100
                                                               565     7600 SH       OTHER                    7600
INTERNATIONAL BUS MACH COM     com              459200101      352     2906 SH       SOLE                     2178               728
                                                                97      800 SH       OTHER                     800
INTUIT COM                     com              461202103    18221   207865 SH       SOLE                   206965               900
                                                               438     5000 SH       OTHER                    5000
JDA SOFTWARE GROUP INC COM     com              46612K108     3291   281600 SH       SOLE                   281600
                                                                23     2000 SH       OTHER                    2000
JEFFERSON PILOT CORP COM       com              475070108     6679   105701 SH       SOLE                   105551               150
K MART CORP COM                com              482584109     1557   133201 SH       SOLE                   133201
KEANE INC COM                  com              486665102     6088   266850 SH       SOLE                   266850
KROGER CO COM                  com              501044101     2937   133100 SH       SOLE                   131300              1800
                                                               132     6000 SH       OTHER                    6000
LAKEHEAD PIPE LINE L P PREF UN com              511557100      656    15400 SH       SOLE                    15400
LANDS END INC COM              com              515086106    23130   350450 SH       SOLE                   348500              1950
                                                                79     1200 SH       OTHER                    1200
LEGATO SYS INC COM             com              524651106     3470    79606 SH       SOLE                    79606
LIPOSOME CO INC COM            com              536310105      228    30000 SH       SOLE                    30000
LTV CORP NEW COM               com              501921100     5028   924600 SH       SOLE                   923500              1100
MAPINFO CORP COM               com              565105103     2536   133500 SH       SOLE                   133500
                                                                19     1000 SH       OTHER                    1000
MERCK & CO INC COM             com              589331107      404     6236 SH       SOLE                     6036               200
METACREATIONS CORP COM         com              591016100     1593   284700 SH       SOLE                   284700
METRIS COS INC COM             com              591598107     8798   298224 SH       SOLE                   298224
MICHAELS STORES INC COM        com              594087108     6637   225000 SH       SOLE                   225000
MICRON TECHNOLOGY INC COM      com              595112103    10647   160100 SH       SOLE                   160100
MICROSOFT CORP COM             com              594918104      554     6119 SH       SOLE                     6119
MINNESOTA MNG & MFG CO COM     com              604059105      272     2828 SH       SOLE                     2428               400
                                                               192     2000 SH       OTHER                    2000
MORGAN J P & CO INC COM        com              616880100      114     1000 SH       SOLE                     1000
                                                                91      800 SH       OTHER                     800
NEUROGEN CORP COM              com              64124E106      171    10300 SH       SOLE                    10100               200
NEWBRIDGE NETWORKS CP COM      com              650901101     6578   252400 SH       SOLE                   252400
                                                                31     1200 SH       OTHER                    1200
NIKE INC CL B                  com              654106103     9600   168800 SH       SOLE                   168800
NOBLE AFFILIATES INC COM       com              654894104     3318   114400 SH       SOLE                   114400
NOBLE DRILLING CORP COM        com              655042109     6976   318901 SH       SOLE                   318901
NOODLE KIDOODLE INC COM        com              655370104      461   111700 SH       SOLE                   111700
NORTHERN BORDER PARTNR UNIT LT com              664785102      548    18900 SH       SOLE                    18900
NUPRO INNOVATIONS INC COM      com              670575109       42    30000 SH       SOLE                    30000
OPEN TEXT CORP COM             com              683715106     2822   142900 SH       SOLE                   142900
ORACLE CORP COM                com              68389X105    13987   307400 SH       SOLE                   307400
OSHKOSH B GOSH INC CL A        com              688222207      800    50100 SH       SOLE                    50100
PETROLEUM GEO-SVCS A/S SPONSOR com              716597109      869    45600 SH       SOLE                    45600
PFIZER INC COM                 com              717081103      194     5412 SH       SOLE                     5412
                                                               409    11388 SH       OTHER                   11388
PIMCO ADVISORS HLDG LP UT LTD  com              69338P102      253     8020 SH       SOLE                     8020
PINNACLE SYS INC COM           com              723481107     8793   207500 SH       SOLE                   207500
PLEXUS CORP COM                com              729132100     2879    94000 SH       SOLE                    94000
POLICY MGMT SYS CORP COM       com              731108106     5360   169500 SH       SOLE                   169100               400
PREMISYS COMMUNICATION COM     com              740584107      983   118200 SH       SOLE                   118200
QUANEX CORP COM                com              747620102     1637    63900 SH       SOLE                    63900
RAYTHEON CO CL A               com              755111309     4682    96538 SH       SOLE                    96513                25
RENT WAY INC COM               com              76009U104     2407   126700 SH       SOLE                   126700
REYNOLDS METALS CO COM         com              761763101     7939   131501 SH       SOLE                   130901               600
                                                                72     1200 SH       OTHER                    1200
S3 INC COM                     com              784849101     2026   194064 SH       SOLE                   194064
SANMINA CORP COM               com              800907107    15572   201250 SH       SOLE                   201250
SCIENTIFIC ATLANTA INC COM     com              808655104    19314   389683 SH       SOLE                   388883               800
                                                               248     5000 SH       OTHER                    5000
SECURE COMPUTING CORP COM      com              813705100      413   132200 SH       SOLE                   132200
SOUTHWEST AIRLS CO COM         com              844741108      295    19455 SH       SOLE                    19455
SPLASH TECH HLDGS INC COM      com              848623104     1760   287300 SH       SOLE                   287000               300
ST JUDE MED INC COM            com              790849103     5528   175500 SH       SOLE                   175500
STRUCTURAL DYNAMIC RES COM     com              863555108    10335   687600 SH       SOLE                   684300              3300
SUN MICROSYSTEMS INC COM       com              866810104    50589   543965 SH       SOLE                   537765              6200
                                                              2139    23000 SH       OTHER                   23000
SUNTERRA CORP COM              com              86787d109     1578   132900 SH       SOLE                   132900
SURMODICS INC                  com              868873100      237    15900 SH       SOLE                    15900
SYBASE INC COM                 com              871130100     4334   366900 SH       SOLE                   366900
TECHNOLOGY SOLUTIONS COM       com              87872T108     1786   126475 SH       SOLE                   126475
TEXAS INSTRS INC COM           com              882508104    16363   198944 SH       SOLE                   198944
TRIBUNE CO NEW COM             com              896047107      617    12400 SH       SOLE                    12400
TRIMBLE NAVIGATION LTD COM     com              896239100      722    67600 SH       SOLE                    67600
TRISTAR AEROSPACE CO COM       com              89674L101      671   109500 SH       SOLE                   109500
UAL CORP COM PAR $0.01         com              902549500     2854    43700 SH       SOLE                    43700
WABASH NATL CORP COM           com              929566107    11428   562600 SH       SOLE                   560700              1900
                                                               203    10000 SH       OTHER                   10000
WACKENHUT CORRECTIONS COM      com              929798106      749    56000 SH       SOLE                    56000
WELLS FARGO & CO NEW COM       com              949746101      324     8182 SH       SOLE                     7782               400
WESTERN DIGITAL CORP COM       com              958102105     2103   570300 SH       SOLE                   570100               200
WEYERHAEUSER CO COM            com              962166104      400     6950 SH       SOLE                     6850               100
KOREA FD COM                                    500634100     2115   169200 SH       SOLE                   169200
WEBS INDEX FD INC JAPAN WEBS                    92923h889     2913   209000 SH       SOLE                   209000
COCA COLA CO COM               com              191216100    -1129   -23400 SH       SOLE                   -23400
DISNEY WALT CO COM             com              254687106    -1537   -59100 SH       SOLE                   -59100
GENERAL ELEC CO COM            com              369604103    -2324   -19600 SH       SOLE                   -19600
LUCENT TECHNOLOGIES COM        com              549463107    -1888   -29100 SH       SOLE                   -29100
MICROSOFT CORP COM             com              594918104    -1911   -21100 SH       SOLE                   -21100
S & P 500 INDX PUT OPT1100.000 put              64699D178      209      174 SH  put  SOLE                      174
</TABLE>


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