DISCIPLINED GROWTH INVESTORS INC /MN
13F-HR, 2000-10-27
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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, 2000

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:100 South Fifth Street Suite 2100
	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		October 24, 2000
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:	208

Form 13F Information Table Value Total:	$759,932


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>
NESTLE SA                      com              4616696        267      128 SH       SOLE                      128
UBS AG                         com              5962354        517     3888 SH       SOLE                     3888
3DFX INTERACTIVE COM           com              88553X103      185    37902 SH       SOLE                    37902
3DO CO COM                     com              88553w105     2755   411900 SH       SOLE                   411900
ABBOTT LABS COM                com              002824100     1012    21267 SH       SOLE                    21267
ACTIVISION INC NEW COM NEW     com              004930202     4008   267225 SH       SOLE                   267225
ADAPTIVE BROADBAND CP COM      com              00650M104     5677   291150 SH       SOLE                   291150
                                                               234    12000 SH       OTHER                   12000
ADOBE SYS INC COM              com              00724F101    29820   192075 SH       SOLE                   191875               200
AFLAC INC COM                  com              001055102      549     8576 SH       SOLE                     8576
AK STL HLDG CORP COM           com              001547108    21031  2243302 SH       SOLE                  2240602              2700
                                                                28     3000 SH       OTHER                    3000
ALCATEL ALSTHOM SPONSORED ADR  com              013904305    23265   370025 SH       SOLE                   370025
                                                               163     2592 SH       OTHER                    2430               162
ALCOA INC COM                  com              013817101     6967   275252 SH       SOLE                   274616               636
                                                                95     3744 SH       OTHER                    3744
ALLSTATE CORP COM              com              020002101     1688    48586 SH       SOLE                    48386               200
AMERICA ONLINE INC DEL COM     com              02364J104      443     8250 SH       SOLE                     8250
AMERICAN INTL GROUP COM        com              026874107      833     8701 SH       SOLE                     8503               198
APPLE COMPUTER INC COM         com              037833100    14080   546800 SH       SOLE                   545000              1800
                                                                10      400 SH       OTHER                                       400
ARCHER DANIELS MIDLAND COM     com              039483102      114    13242 SH       SOLE                    13242
ASHWORTH INC COM               com              04516H101     2664   338300 SH       SOLE                   338300
ASPEN TECHNOLOGY INC COM       com              045327103    10828   239950 SH       SOLE                   239950
ASSISTED LIVING CONCPT COM     com              04543l109       52    83400 SH       SOLE                    83400
AT&T CORP COM                  com              001957109      274     9312 SH       SOLE                     9312
AWARE INC MASS COM             com              05453N100      770    20000 SH       SOLE                    20000
BANC ONE CORP COM              com              06423A103      291     7529 SH       SOLE                     7529
BARRETT RES CORP COM PAR $0.01 com              068480201     1913    50600 SH       SOLE                    50600
BJ SVCS CO COM                 com              055482103     3949    64600 SH       SOLE                    64600
BLACK & DECKER CORP COM        com              091797100     6743   197250 SH       SOLE                   197250
BLACK BOX CORP DEL COM         com              091826107      741    15900 SH       SOLE                    15900
BOEING CO COM                  com              097023105      285     4520 SH       SOLE                     4220               300
BRISTOL MYERS SQUIBB COM       com              110122108      827    14470 SH       SOLE                    14470
CABLETRON SYS INC COM          com              126920107    13000   442550 SH       SOLE                   442550
CARDINAL HEALTH INC COM        com              14149Y108     2041    23143 SH       SOLE                    22717               426
CENDANT CORP COM               com              151313103     3304   303860 SH       SOLE                   303860
CHEESECAKE FACTORY INC COM     com              163072101    11084   256275 SH       SOLE                   256275
CHEVRON CORPORATION COM        com              166751107      768     9011 SH       SOLE                     9011
CHITTENDEN CORP COM            com              170228100      241     9375 SH       SOLE                     9375
CIBER INC COM                  com              17163B102     3083   373650 SH       SOLE                   373650
CISCO SYS INC COM              com              17275R102      549     9937 SH       SOLE                     8437              1500
CITIGROUP INC COM              com              173034109      869    16081 SH       SOLE                    16081
CITIZENS BKG CORP MICH COM     com              174420109      379    16476 SH       SOLE                    16476
COLGATE PALMOLIVE CO COM       com              194162103      243     5150 SH       SOLE                     5150
COMERICA INC COM               com              200340107      365     6240 SH       SOLE                     6240
COMPAQ COMPUTER CORP COM       com              204493100      218     7900 SH       SOLE                     7900
COMPASS BANCSHARES INC COM     com              20449h109      227    11666 SH       SOLE                    11666
COMPUWARE CORP COM             com              205638109      122    14550 SH       SOLE                    14550
CORVAS INTL INC COM            com              221005101     2325   100000 SH       SOLE                   100000
                                                               139     6000 SH       OTHER                    6000
CREDIT ACCEP CORP MICH COM     com              225310101      244    38577 SH       SOLE                    38577
DAMARK INTL INC CL A           com              235691102     2694   219900 SH       SOLE                   219900
DAVOX CORP COM                 com              239208101     4616   458700 SH       SOLE                   458600               100
DELL COMPUTER CORP COM         com              247025109      216     7000 SH       SOLE                     7000
DELPHI AUTO SYS CORP COM       com              247126105     5539   366243 SH       SOLE                   365674               569
                                                                45     3000 SH       OTHER                    3000
DEVON ENERGY CORP COM          com              25179M103    28541   474502 SH       SOLE                   473002              1500
                                                               430     7156 SH       OTHER                    6856               300
DSET CORP COM                  com              262504103     6171   299200 SH       SOLE                   299200
EATON CORP COM                 com              278058102    12991   210801 SH       SOLE                   210601               200
                                                                55      900 SH       OTHER                     900
ECHELON CORP COM               com              27874N105     4847   165000 SH       SOLE                   165000
EL PASO NAT GAS CO COM NEW     com              283695872      205     3333 SH       SOLE                     3315                18
ELAN PLC ADR                   com              284131208      417     7614 SH       SOLE                     7614
ELOYALTY CORP COM              com              290151109     1394   109325 SH       SOLE                   109325
EMERSON ELEC CO COM            com              291011104      812    12114 SH       SOLE                    12114
ENRON CORP COM                 com              293561106      342     3900 SH       SOLE                     3900
EPIX MEDICAL INC COM           com              26881Q101     2334   166750 SH       SOLE                   166750
                                                                 7      500 SH       OTHER                                       500
EXCALIBUR TECHNOLOGIES COM NEW com              300651205      470     7000 SH       SOLE                     7000
EXXON MOBIL CORP COM           com              30231G102      932    10459 SH       SOLE                    10275               184
                                                               107     1200 SH       OTHER                    1200
FEDERAL NATL MTG ASSN COM      com              313586109      296     4142 SH       SOLE                     4142
FEDERAL REALTY INVT TR SH BEN  com              313747206      203    10600 SH       SOLE                    10600
FIRST PAC LTD SPONSORED ADR    com              335889200       18    12000 SH       SOLE                    12000
FIRSTAR CORP COM               com              33761C103      268    12000 SH       SOLE                    12000
GENERAL ELEC CO COM            com              369604103     1643    28485 SH       SOLE                    28317               168
GENERAL MLS INC COM            com              370334104      207     5843 SH       SOLE                     5843
GENERAL MTRS CORP CL H NEW     com              370442832     2481    66732 SH       SOLE                    66654                78
GENERAL MTRS CORP COM          com              370442105     4863    74812 SH       SOLE                    74737                75
GENTEX CORP COM                com              371901109      632    25300 SH       SOLE                    25300
GENZYME CORP COM GENL DIV      com              372917104     5692    83475 SH       SOLE                    83475
                                                                 7      100 SH       OTHER                                       100
GEORGIA PAC CORP COM-TIMBER GR com              373298702     5018   186700 SH       SOLE                   186700
                                                                24      900 SH       OTHER                     900
HEWLETT PACKARD CO COM         com              428236103      233     2400 SH       SOLE                     2400
HILFIGER TOMMY CORP ORD        com              G8915z102     1910   198400 SH       SOLE                   198400
HONEYWELL INTERNATIONAL INC    com              438516106     6061   170126 SH       SOLE                   169190               936
                                                               120     3356 SH       OTHER                    3186               170
HOOVERS INC COM                com              439321100     2255   353650 SH       SOLE                   353650
HOUSEHOLD INTL INC COM         com              441815107      326     5756 SH       SOLE                     5756
HUTCHINSON TECHNOLOGY COM      com              448407106     1501    71250 SH       SOLE                    71250
INCYTE GENOMICS INC            com              45337c102    11042   268500 SH       SOLE                   268500
                                                                 8      200 SH       OTHER                                       200
INDEPENDENT BK CORP MI COM     com              453838104      215    12394 SH       SOLE                    12394
INDUS INTL INC COM             com              45578l100     2525   518050 SH       SOLE                   518050
                                                                73    15000 SH       OTHER                   15000
INTEL CORP COM                 com              458140100     3349    80572 SH       SOLE                    77372              3200
                                                               536    12900 SH       OTHER                   12500               400
INTERNATIONAL BUS MACH COM     com              459200101     1071     9524 SH       SOLE                     9524
                                                                90      800 SH       OTHER                     800
INTUIT COM                     com              461202103    36371   638096 SH       SOLE                   636596              1500
                                                               936    16425 SH       OTHER                   16025               400
INVESCO GLB HLTH SCIEN COM     com              46128N109      747    36676 SH       SOLE                    36676
JDA SOFTWARE GROUP INC COM     com              46612K108     3550   278450 SH       SOLE                   278450
                                                                25     2000 SH       OTHER                    2000
JEFFERSON PILOT CORP COM       com              475070108     7276   107201 SH       SOLE                   107051               150
JOHNSON & JOHNSON COM          com              478160104      484     5155 SH       SOLE                     5055               100
KEANE INC COM                  com              486665102     5380   309200 SH       SOLE                   308900               300
LAKEHEAD PIPE LINE L P PREF UN com              511557100      539    13000 SH       SOLE                    13000
LANDS END INC COM              com              515086106     8708   414650 SH       SOLE                   413200              1450
                                                                29     1400 SH       OTHER                    1200               200
LILLY ELI & CO COM             com              532457108      925    11400 SH       SOLE                    10800               600
MADE2MANAGE SYS INC COM        com              556466100      212    65300 SH       SOLE                    65300
MAPICS INC COM                 com              564910107     3934   582800 SH       SOLE                   582800
MAPINFO CORP COM               com              565105103     8076   257925 SH       SOLE                   257925
                                                                70     2250 SH       OTHER                    2250
MASCOTECH INC COM              com              574670105      419    25314 SH       SOLE                    25314
MERCK & CO INC COM             com              589331107     1301    17480 SH       SOLE                    17280               200
METACREATIONS CORP COM         com              591016100     4472   397500 SH       SOLE                   397400               100
METRIS COS INC COM             com              591598107    18788   475648 SH       SOLE                   475648
                                                                12      300 SH       OTHER                                       300
MICHAELS STORES INC COM        com              594087108    15825   395625 SH       SOLE                   395625
                                                                 8      200 SH       OTHER                                       200
MICRON TECHNOLOGY INC COM      com              595112103     5016   109050 SH       SOLE                   109050
MICROSOFT CORP COM             com              594918104      306     5073 SH       SOLE                     5073
MINNESOTA MNG & MFG CO COM     com              604059105      285     3130 SH       SOLE                     2730               400
                                                               182     2000 SH       OTHER                    2000
MOLEX INC COM                  com              608554101      315     5792 SH       SOLE                     5792
MONROE BANCORP COM             com              610313108      197    22500 SH       SOLE                    22500
MORGAN J P & CO INC COM        com              616880100      327     2000 SH       SOLE                     2000
                                                               131      800 SH       OTHER                     800
MOTOROLA INC COM               com              620076109      447    15810 SH       SOLE                    15810
MYND CORP COM                  com              628551103      539    39900 SH       SOLE                    39500               400
NEUROGEN CORP COM              com              64124E106      305     9800 SH       SOLE                     9600               200
NIKE INC CL B                  com              654106103     6439   160725 SH       SOLE                   160725
                                                                 4      100 SH       OTHER                                       100
NOBLE DRILLING CORP COM        com              655042109    15020   298901 SH       SOLE                   298901
                                                                15      300 SH       OTHER                                       300
NOKIA CORP SPONSORED ADR       com              654902204      572    14360 SH       SOLE                    14360
NORTEL NETWORKS CORP COM       com              656568102     9282   155840 SH       SOLE                   155840
NORTHERN BORDER PARTNR UNIT LT com              664785102      424    13400 SH       SOLE                    13400
OLD KENT FINL CORP COM         com              679833103     3108   107414 SH       SOLE                   107414
OPEN TEXT CORP COM             com              683715106     3994   206150 SH       SOLE                   206150
ORACLE CORP COM                com              68389X105    34571   439000 SH       SOLE                   439000
                                                                24      300 SH       OTHER                                       300
PEREGRINE SYSTEMS INC          com              71366q101     8036   424331 SH       SOLE                   423831               500
PETROLEUM GEO-SVCS A/S SPONSOR com              716597109      810    46950 SH       SOLE                    46950
PFIZER INC COM                 com              717081103      288     6399 SH       SOLE                     6399
                                                               512    11388 SH       OTHER                   11388
PHILIPS ELECTRS N V NEW YORK S com              718337504      232     5458 SH       SOLE                     5458
PINNACLE SYS INC COM           com              723481107     3910   347550 SH       SOLE                   347550
PLEXUS CORP COM                com              729132100     8583   121750 SH       SOLE                   121750
RANGE RES CORP COM             com              75281A109       55    11400 SH       SOLE                    11400
RENT WAY INC COM               com              76009U104     4753   156475 SH       SOLE                   156475
REPUBLIC SEC FINL CORP COM     com              760758102       76    15388 SH       SOLE                    15388
ROYCE VALUE TR INC COM         com              780910105      312    21603 SH       SOLE                    21603
S3 INC COM                     com              784849101     2450   237578 SH       SOLE                   237578
SAGA SYS INC COM               com              786610105      182    17300 SH       SOLE                    17300
SANMINA CORP COM               com              800907107    32041   342232 SH       SOLE                   342232
                                                                 9      100 SH       OTHER                                       100
SBC COMMUNICATIONS INC COM     com              78387g103      305     6107 SH       SOLE                     6107
SCHERING PLOUGH CORP COM       com              806605101      414     8900 SH       SOLE                     8900
SCIENTIFIC ATLANTA INC COM     com              808655104    30340   476852 SH       SOLE                   476052               800
                                                               636    10000 SH       OTHER                   10000
SEALED AIR CORP NEW COM        com              81211K100      407     9000 SH       SOLE                     9000
SECURE COMPUTING CORP COM      com              813705100     3006   115350 SH       SOLE                   115350
SOUTHWEST AIRLS CO COM         com              844741108      259    10680 SH       SOLE                    10680
SPLASH TECH HLDGS INC COM      com              848623104     3199   345800 SH       SOLE                   345500               300
ST JUDE MED INC COM            com              790849103     5023    98500 SH       SOLE                    98500
                                                                 5      100 SH       OTHER                                       100
STRUCTURAL DYNAMIC RES COM     com              863555108     9026   551200 SH       SOLE                   548500              2700
                                                                52     3150 SH       OTHER                    3150
SUN MICROSYSTEMS INC COM       com              866810104    73851   632560 SH       SOLE                   627660              4900
                                                              4822    41300 SH       OTHER                   41000               300
SURMODICS INC                  com              868873100      871    15900 SH       SOLE                    15900
SYBASE INC COM                 com              871130100    12944   562800 SH       SOLE                   562800
                                                                14      600 SH       OTHER                                       600
TEAM FINANCIAL INC COM         com              87815X109       81    11200 SH       SOLE                    11200
TECHNOLOGY SOLUTIONS COM       com              87872T108      399   159575 SH       SOLE                   159575
TENET HEALTHCARE CORP COM      com              88033G100      493    13550 SH       SOLE                    13550
TEXAS INSTRS INC COM           com              882508104    16902   358188 SH       SOLE                   358188
TJX COS INC NEW COM            com              872540109    10525   467800 SH       SOLE                   467600               200
TRIBUNE CO NEW COM             com              896047107      541    12400 SH       SOLE                    12400
TRIMBLE NAVIGATION LTD COM     com              896239100     2529   113050 SH       SOLE                   113050
TYCO INTL LTD NEW COM          com              902124106     2293    44197 SH       SOLE                    44197
UAL CORP COM PAR $0.01         com              902549500      491    11700 SH       SOLE                    11700
ULTRATECH STEPPER INC COM      com              904034105     2311   143900 SH       SOLE                   143700               200
VERSUS TECHNOLOGY INC COM      com              925313108      322  1007500 SH       SOLE                  1007500
VIACOM INC CL B                com              925524308    13370   228550 SH       SOLE                   228008               542
VIROPHARMA INC COM             com              928241108     8327   321800 SH       SOLE                   321200               600
                                                                93     3575 SH       OTHER                    3000               575
VODAFONE GROUP PLC SPONSORED A com              92857w100      701    18950 SH       SOLE                    18700               250
WAL MART STORES INC COM        com              931142103     1573    32692 SH       SOLE                    32692
WELLS FARGO & CO NEW COM       com              949746101      424     9230 SH       SOLE                     8830               400
CISCO SYS INC COM              com              17275R102    -1812   -32800 SH       SOLE                   -32800
COCA COLA CO COM               com              191216100    -3545   -64300 SH       SOLE                   -64300
DISNEY WALT CO COM             com              254687106     -841   -22000 SH       SOLE                   -22000
GENERAL ELEC CO COM            com              369604103    -1298   -22500 SH       SOLE                   -22500
JDS UNIPHASE CORP COM          com              46612j101     -786    -8300 SH       SOLE                    -8300
LUCENT TECHNOLOGIES COM        com              549463107     -529   -17300 SH       SOLE                   -17300
MICROSOFT CORP COM             com              594918104    -1701   -28200 SH       SOLE                   -28200
PFIZER INC COM                 com              717081103    -4363   -97100 SH       SOLE                   -97100
YAHOO INC COM                  com              948332106    -2202   -24200 SH       SOLE                   -24200
FW PFD CAP TR I PFD SER I 9%   pfd              302684204      144    16000 SH       SOLE                    16000
MB CAP I PFD GT TR8.75%        pfd              55264C207      106    11600 SH       SOLE                    11600
VBC CAP 1 CAP SECS             pfd              91819N109      255    10300 SH       SOLE                    10300
</TABLE>


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