GLOBUS GROWTH GROUP INC
40-17F2, 1999-11-18
INVESTORS, NEC
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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM N-17f-2

               Certificate of Accounting of Securities and Similar
                          Investments in the Custody of
                         Management Investment Companies

                    Pursuant to Rule 17f-2 (17 CFR 270.17f-2)

<S>                 <C>                 <C>                     <C>                  <C>                 <C>
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1.  Investment Company Act File Number:                                               Date examination completed:
      811-0-9987                                                                            October 12, 1999
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2.  State identification Number:
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AL                    AK                   AZ                    AR                   CA                   CO
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CT                    DE                   DC                    FL                   GA                   HI
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ID                    IL                   IN                    IA                   KS                   KY
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LA                    ME                   MD                    MA                   MI                   MN
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MS                    MO                   MT                    NE                   NV                   NH
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NJ                    NM                   NY                    NC                   ND                   OH
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OK                    OR                   PA                    RI                   SC                   SD
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TN                    TX                   UT                    VT                   VA                   WA
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WV                    WI                   WY                    PUERTO RICO
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Other (specify):
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3.     Exact name of investment company as specified in registration  statement:
       GLOBUS GROWTH GROUP, INC.
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4.     Address of principal executive office: (number, street, city, state, zip code)
       44 WEST 24TH STREET, NEW YORK, NY 10010
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INSTRUCTIONS

This Form must be  completed  by  investment  companies  that  have  custody  of
securities or similar investments.

Investment Company

1. All items must be completed by the investment company.

2. Give this Form to the independent  public  accountant who, in compliance with
Rule 17f-2  under the Act and  applicable  state law,  examines  securities  and
similar investments in the custody of the investment company.

Accountant

3. Submit this Form to the  Securities and Exchange  Commission and  appropriate
state  securities  administrators  when  filing the  certificate  of  accounting
required by Rule 17f-2 under the Act and applicable state law. File the original
and one copy with the Securities and Exchange  Commission's  principal office in
Washington,  D.C., one copy with the regional office for the region in which the
investment  company's principal business operations are conducted,  and one copy
with the appropriate state administrator(s), if applicable.

          THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT


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