UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the 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: Northeast Investors Growth
Address: 50 Congress Street
Boston, MA 02109
13F File Number:
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: Gordon Barrett
Title: Investment Management
Phone: 617-523-3588
Signature, Place, and Date of Signing:
Gordon Barrett Boston, MA November 10, 1999
Report Type (Check only one):
[X] 13F Holding Report.
[ ] 13F Notice.
[ ] 13F Combination Report.
List of Other Managers Reporting to this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES AND EXCHANGE ACT OF 1934
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FORM 13F SUMMARY PAGE
REPORT SUMMARY:
Number of Other Included Managers:
Form 13F Information Table Entry Total:
Form 13F Information Table Value Total:
List of Other Included Managers:
No. 13F File Number Name
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FORM 13F AS OF 9/30/1999
ACCOUNT MF002 NORTHEAST GROWTH FUND
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
______________ _____ _________________ _____________________ ________ ________
COMMON STOCKS
AT&T CORP 001957109 3,460,425.00 79,550.000 79,550.000 79,550.000
ABBOTT LABORATORIES 002824100 1,808,100.00 49,200.000 49,200.000 49,200.000
AMERICA ONLINE INC 02364J104 6,552,000.00 63,000.000 63,000.000 63,000.000
AMERICAN EXPRESS CO 025816109 3,877,200.00 28,800.000 28,800.000 28,800.000
AMER INTERNTL GROUP 026874107 3,916,187.00 45,046.000 45,046.000 45,046.000
BANKBOSTON CORPORATION 06605R106 5,465,250.00 126,000.000 126,000.000 126,000.000
BEST BUY INC 086516101 1,613,625.00 26,000.000 26,000.000 26,000.000
BRISTOL MYERS SQUIBB CO 110122108 4,576,500.00 67,800.000 67,800.000 67,800.000
CVS CORP 126650100 1,705,963.00 41,800.000 41,800.000 41,800.000
CARNIVAL CORP 143658102 2,166,300.00 49,800.000 49,800.000 49,800.000
CHASE MANHATTAN CORP 16161A108 2,283,863.00 30,300.000 30,300.000 30,300.000
CHEVRON CORP 166751107 2,936,125.00 33,200.000 33,200.000 33,200.000
CISCO SYSTEMS INC 17275R102 14,583,244.00 212,700.000 212,700.000 212,700.000
COCA COLA 191216100 3,951,675.00 81,900.000 81,900.000 81,900.000
COX COMMUNICATIONS 224044107 4,162,500.00 100,000.000 100,000.000 100,000.000
DELL COMPUTER 247025109 3,629,325.00 86,800.000 86,800.000 86,800.000
DISNEY (WALT) PRODUCTIONS 254687106 4,372,875.00 169,000.000 169,000.000 169,000.000
DONALDSON LUFKIN JENRETTE 257661108 1,487,550.00 37,600.000 37,600.000 37,600.000
E M C CORPORATION-MASS 268648102 7,458,075.00 104,400.000 104,400.000 104,400.000
EATON VANCE CORP 278265103 3,680,000.00 115,000.000 115,000.000 115,000.000
FEDERAL EXPRESS 31304N107 3,076,750.00 79,400.000 79,400.000 79,400.000
FIFTH THIRD BANCORP 316773100 4,351,849.00 71,525.000 71,525.000 71,525.000
FLEET FINANCIAL 338915101 3,633,200.00 99,200.000 99,200.000 99,200.000
GENERAL ELECTRIC CO 369604103 12,994,450.00 109,600.000 109,600.000 109,600.000
GENERAL MOTORS CORP 370442105 4,204,225.00 66,800.000 66,800.000 66,800.000
GILLETTE CO 375766102 2,772,694.00 81,700.000 81,700.000 81,700.000
HEWLETT PACKARD CO 428236103 2,842,800.00 30,900.000 30,900.000 30,900.000
HOME DEPOT 437076102 3,022,931.00 44,050.000 44,050.000 44,050.000
INTEL CORP 458140100 7,891,988.00 106,200.000 106,200.000 106,200.000
INTERNATL BUS MACH 459200101 8,063,125.00 66,500.000 66,500.000 66,500.000
JOHNSON & JOHNSON 478160104 4,575,375.00 49,800.000 49,800.000 49,800.000
ELI LILLY & CO 532457108 3,756,800.00 58,700.000 58,700.000 58,700.000
LUCENT TECH 549463107 7,123,275.00 109,800.000 109,800.000 109,800.000
MCI WORLDCOM INC 55268B106 6,440,000.00 89,600.000 89,600.000 89,600.000
MCGRAW-HILL COMPANIES INC 580645109 2,070,450.00 42,800.000 42,800.000 42,800.000
MEDTRONIC 585055106 2,690,900.00 75,800.000 75,800.000 75,800.000
MELLON BANK CORP 585509102 8,012,250.00 237,400.000 237,400.000 237,400.000
MERCK & CO 589331107 5,599,800.00 86,400.000 86,400.000 86,400.000
MICROSOFT CORP 594918104 15,323,175.00 169,200.000 169,200.000 169,200.000
MOBIL CORP 607059102 705,250.00 7,000.000 7,000.000 7,000.000
J P MORGAN & CO 616880100 2,799,125.00 24,500.000 24,500.000 24,500.000
MORGAN STANLEY DEAN WITTER CO 617446448 3,871,629.00 43,410.000 43,410.000 43,410.000
PAINE WEBBER GROUP INC 695629105 1,250,625.00 34,500.000 34,500.000 34,500.000
PEPSICO 713448108 1,210,000.00 40,000.000 40,000.000 40,000.000
PFIZER INC 717081103 6,344,766.00 176,550.000 176,550.000 176,550.000
PROCTER & GAMBLE 742718109 3,778,125.00 40,300.000 40,300.000 40,300.000
QWEST COMMUNICATIONS 749121109 2,719,750.00 92,000.000 92,000.000 92,000.000
ROYAL DUTCH PETROLEUM 780257804 3,122,175.00 53,200.000 53,200.000 53,200.000
CHARLES SCHWAB CORP 808513105 1,987,563.00 59,000.000 59,000.000 59,000.000
REM870-C FORM 13F AS OF 9/30/1999 13:38:45 11/08/1999
ACCOUNT MF002 NORTHEAST GROWTH FUND Page 3
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
______________ _____ _________________ _____________________ ________ ________
COMMON STOCKS
SONY CORP 835699307 2,401,000.00 16,000.000 16,000.000 16,000.000
STAPLES INC 855030102 2,237,963.00 102,600.000 102,600.000 102,600.000
STATE STREET CORP 857477103 3,690,088.00 57,100.000 57,100.000 57,100.000
TIME WARNER 887315109 11,384,550.00 187,400.000 187,400.000 187,400.000
TYCO INTERN 902124106 2,065,000.00 20,000.000 20,000.000 20,000.000
VISX INC 92844S105 7,751,188.00 98,000.000 98,000.000 98,000.000
VODAFONE AIRTOUCH PLC 92857T107 1,616,700.00 6,800.000 6,800.000 6,800.000
WAL MART STORES INC 931142103 7,590,975.00 159,600.000 159,600.000 159,600.000
WARNER LAMBERT CO 934488107 4,445,466.00 66,975.000 66,975.000 66,975.000
WASHINGTON MUTUAL INC 939322103 6,313,613.00 215,850.000 215,850.000 215,850.000
XEROX 984121103 2,088,488.00 49,800.000 49,800.000 49,800.000
YAHOO! INC 984332106 4,490,625.00 25,000.000 25,000.000 25,000.000
ZIONS BANCORPORATION 989701107 7,199,325.00 130,600.000 130,600.000 130,600.000
COMMON STOCKS TOTAL * 283,196,808.00 4,929,456.000 4,929,456.000 4,929,456.000
GRAND TOTAL ** 283,196,808.00 4,929,456.000 4,929,456.000 4,929,456.000
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