UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: March 31, 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 May 7, 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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REM870-C FORM 13F AS OF 3/31/1999 10:45:21 5/07/1999
ACCOUNT MF002 NORTHEAST GROWTH FUND Page 1
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
______________ _____ _________________ _____________________ ________ ________
COMMON STOCKS
AT&T CORP 001957109 5,722,556.00 71,700.000 71,700.000 71,700.000
ABBOTT LABORATORIES 002824100 1,835,050.00 39,200.000 39,200.000 39,200.000
AMERICA ONLINE INC 02364J104 18,237,375.00 124,700.000 124,700.000 124,700.000
AMERICAN EXPRESS CO 025816109 3,391,200.00 28,800.000 28,800.000 28,800.000
AMER HOME PRODUCTS 026609107 4,156,425.00 63,700.000 63,700.000 63,700.000
AMER INTERNTL GROUP 026874107 4,346,963.00 36,037.000 36,037.000 36,037.000
BANKBOSTON CORPORATION 06605R106 5,457,375.00 126,000.000 126,000.000 126,000.000
BRISTOL MYERS SQUIBB CO 110122108 4,360,388.00 67,800.000 67,800.000 67,800.000
CVS CORP 126650100 1,985,500.00 41,800.000 41,800.000 41,800.000
CARNIVAL CORP 143658102 2,418,413.00 49,800.000 49,800.000 49,800.000
CHASE MANHATTAN CORP 16161A108 1,935,238.00 23,800.000 23,800.000 23,800.000
CHEVRON CORP 166751107 2,936,125.00 33,200.000 33,200.000 33,200.000
CISCO SYSTEMS INC 17275R102 9,482,634.00 86,550.000 86,550.000 86,550.000
COCA COLA 191216100 6,008,613.00 97,900.000 97,900.000 97,900.000
DELL COMPUTER 247025109 3,547,950.00 86,800.000 86,800.000 86,800.000
DISNEY (WALT) PRODUCTIONS 254687106 5,260,125.00 169,000.000 169,000.000 169,000.000
DONALDSON LUFKIN JENRETTE 257661108 2,622,600.00 37,600.000 37,600.000 37,600.000
E M C CORPORATION-MASS 268648102 6,668,550.00 52,200.000 52,200.000 52,200.000
EATON VANCE CORP 278265103 1,207,500.00 60,000.000 60,000.000 60,000.000
FEDERAL EXPRESS 31304N107 2,060,438.00 22,200.000 22,200.000 22,200.000
FIFTH THIRD BANCORP 316773100 4,716,180.00 71,525.000 71,525.000 71,525.000
FLEET FINANCIAL 338915101 2,872,500.00 76,600.000 76,600.000 76,600.000
GENERAL ELECTRIC CO 369604103 10,243,875.00 92,600.000 92,600.000 92,600.000
GENERAL MOTORS CORP 370442105 1,841,750.00 21,200.000 21,200.000 21,200.000
GILLETTE CO 375766102 6,579,731.00 110,700.000 110,700.000 110,700.000
GLAXO HOLDINGS PLC ADR 37733W105 1,332,056.00 19,900.000 19,900.000 19,900.000
HEWLETT PACKARD CO 428236103 1,078,219.00 15,900.000 15,900.000 15,900.000
HOME DEPOT 437076102 2,742,113.00 44,050.000 44,050.000 44,050.000
INTEL CORP 458140100 5,765,650.00 48,400.000 48,400.000 48,400.000
INTERNATL BUS MACH 459200101 4,519,875.00 25,500.000 25,500.000 25,500.000
JOHNSON & JOHNSON 478160104 3,728,763.00 39,800.000 39,800.000 39,800.000
ELI LILLY & CO 532457108 4,405,013.00 51,900.000 51,900.000 51,900.000
LUCENT TECH 549463107 4,299,225.00 39,900.000 39,900.000 39,900.000
MCI WORLDCOM INC 55268B106 6,518,200.00 73,600.000 73,600.000 73,600.000
MCGRAW-HILL COMPANIES INC 580645109 2,332,600.00 42,800.000 42,800.000 42,800.000
MEDTRONIC 585055106 2,719,325.00 37,900.000 37,900.000 37,900.000
MELLON BANK CORP 585509102 8,353,513.00 118,700.000 118,700.000 118,700.000
MERCK & CO 589331107 6,361,925.00 79,400.000 79,400.000 79,400.000
MICROSOFT CORP 594918104 13,228,650.00 147,600.000 147,600.000 147,600.000
MIRAGE RESORTS 60462E104 1,593,750.00 75,000.000 75,000.000 75,000.000
MOBIL CORP 607059102 616,000.00 7,000.000 7,000.000 7,000.000
MONSANTO 611662107 2,572,500.00 56,000.000 56,000.000 56,000.000
J P MORGAN & CO 616880100 3,022,688.00 24,500.000 24,500.000 24,500.000
MORGAN STANLEY DEAN WITTER DIS 617446448 4,338,287.00 43,410.000 43,410.000 43,410.000
PAINE WEBBER GROUP INC 695629105 1,375,688.00 34,500.000 34,500.000 34,500.000
PEPSICO 713448108 1,567,500.00 40,000.000 40,000.000 40,000.000
PFIZER INC 717081103 7,027,688.00 50,650.000 50,650.000 50,650.000
PROCTER & GAMBLE 742718109 3,946,881.00 40,300.000 40,300.000 40,300.000
QWEST COMMUNICATIONS 749121109 2,883,750.00 40,000.000 40,000.000 40,000.000
FORM 13F AS OF 3/31/1999
ACCOUNT MF002 NORTHEAST GROWTH FUND
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
______________ _____ _________________ _____________________ ________ ________
COMMON STOCKS
ROYAL DUTCH PETROLEUM 780257804 2,350,400.00 45,200.000 45,200.000 45,200.000
STAPLES INC 855030102 3,372,975.00 102,600.000 102,600.000 102,600.000
STATE STREET CORP 857477103 3,714,875.00 45,200.000 45,200.000 45,200.000
TIME WARNER 887315109 8,129,550.00 114,400.000 114,400.000 114,400.000
VISX INC 92844S105 6,346,188.00 59,000.000 59,000.000 59,000.000
VODAFONE GROUP 92857T107 1,276,700.00 6,800.000 6,800.000 6,800.000
WAL MART STORES INC 931142103 6,439,050.00 69,800.000 69,800.000 69,800.000
WARNER LAMBERT CO 934488107 3,943,120.00 59,575.000 59,575.000 59,575.000
WASHINGTON MUTUAL INC 939322103 7,155,169.00 175,050.000 175,050.000 175,050.000
XEROX 984121103 2,595,825.00 49,800.000 49,800.000 49,800.000
YAHOO! INC 984332106 3,872,625.00 23,000.000 23,000.000 23,000.000
ZIONS BANCORPORATION 989701107 7,122,150.00 107,100.000 107,100.000 107,100.000
COMMON STOCKS TOTAL * 272,543,540.00 3,745,647.000 3,745,647.000 3,745,647.000
GRAND TOTAL ** 272,543,540.00 3,745,647.000 3,745,647.000 3,745,647.000
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