Form 13F
Form 13F Cover Page
Report For the Quarter Ended: June 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: American Fund Advisors, Inc.
Address: 1415 Kellum Place
Suite 205
Garden City, NY 11530
13F File Number: 801-14138
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: Phyllis Palumbo
Title: Assistant Treasurer
Phone: 516-739-1017
Signature, Place, and Date of Signing:
Phyllis A. Palumbo, Garden City, New York July 27, 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.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 128
Form 13F Information Table Value Total: 711,075
List of Other Included Managers:
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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>
ADVANCED FIBRE COMMUNICATION COM 00754A105 5469 350000 SH SOLE 350000
AEROFLEX INC. COM 007768104 3950 200000 SH SOLE 200000
ALLEGIANCE TELECOM INC. COM 01747T102 5487 100000 SH SOLE 100000
ALLIED SIGNAL COM 019512102 1517 24081 SH SOLE 24081
ALLSTATE CORP. COM 020002101 918 25583 SH SOLE 25583
ALTERA CORP. COM 021441100 10352 281200 SH SOLE 281200
AMERICA ONLINE INC. COM 023645104 36012 325900 SH SOLE 325900
AMR CORP. COM 001765106 416 6092 SH SOLE 6092
ANALOG DEVICES INC. COM 032654105 10078 200800 SH SOLE 200800
APPLIED MATERIALS INC. COM 038222105 13438 181900 SH SOLE 181900
APPLIED SCIENCE & TECHNOLOGY COM 038236105 7785 346000 SH SOLE 346000
ASM LITHOGRAPHY HLD NV COM N07059111 11911 200600 SH SOLE 200600
AT&T COM 001957109 454 8125 SH SOLE 8125
ATLANTIC RICHFIELD CO. COM 048825103 279 3340 SH SOLE 3340
BANK OF NEW YORK INC. COM 064057102 249 6800 SH SOLE 6800
BEA SYSTEMS INC. COM 073325102 6449 225800 SH SOLE 225800
BLACKROCK INVT QUAL. TERM TRUS COM 09247j101 83 10000 SH SOLE 10000
BMC SOFTWARE COM 055921100 10838 200700 SH SOLE 200700
BROCADE COMMUNICATIONS SYSTEMS COM 111621108 289 3000 SH SOLE 3000
CADENCE DESIGN SYSTEMS INC. COM 127387108 3865 303100 SH SOLE 303100
CBT GROUP COM 124853300 4125 250000 SH SOLE 250000
CENDANT CORP. COM 151313103 670 32700 SH SOLE 32700
CHINA TELECOM HK ADR COM 169428109 2850 50000 SH SOLE 50000
CIENA CORP. COM 171779101 9080 300800 SH SOLE 300800
CISCO SYSTEMS, INC. COM 17275R102 29136 453032 SH SOLE 453032
CITIGROUP INC. COM 172967101 2211 46545 SH SOLE 46545
CITRIX SYSTEMS INC. COM 177376100 5650 100000 SH SOLE 100000
COCA-COLA CO. COM 191216100 558 9000 SH SOLE 9000
COMPAQ COMPUTER CORP. COM 204493100 6600 278630 SH SOLE 278630
COMPUTER ASSOCIATES INTERNATIO COM 204912109 9171 166750 SH SOLE 166750
COMPUWARE CORP. COM 205638109 9601 301800 SH SOLE 301800
COPPER MOUNTAIN NETWORKS INC. COM 217510106 286 3700 SH SOLE 3700
COSTCO COMPANIES INC. COM 22160Q102 980 12242 SH SOLE 12242
CYPRESS SEMICONDUCTOR CORP. COM 232806909 6633 402000 SH SOLE 402000
DELL COMPUTER CORP. COM 247025109 19147 517500 SH SOLE 517500
DIGITAL LAVA COM 253928105 95 16667 SH SOLE 16667
DISNEY CO., (THE WALT) COM 254687106 781 25340 SH SOLE 25340
DOUBLECLICK INC. COM 258609304 6422 70000 SH SOLE 70000
DUANE READE INC. COM 263578106 725 23780 SH SOLE 23780
EARTHLINK NETWORK INC. COM 270322100 7698 125300 SH SOLE 125300
ELECTRONICS FOR IMAGING COM 286082102 5137 100000 SH SOLE 100000
ELK ASSOCIATES FUNDING CORP. COM 287166102 168 12000 SH SOLE 12000
EMC CORP. COM 268648102 23078 419600 SH SOLE 419600
EQUANT N.V.-REGISTER COM 294409107 6612 70250 SH SOLE 70250
ESAT TELECOM GROUP PLC-ADR COM 268834102 820 18700 SH SOLE 18700
EXODUS COMMUNICATIONS INC. COM 302088109 14992 125000 SH SOLE 125000
FORTE SOFTWARE, INC. COM 349546101 1507 155600 SH SOLE 155600
FUNDTECH LTD. COM M47095100 3891 150000 SH SOLE 150000
GENERAL ELECTRIC CO. COM 369604103 3242 28691 SH SOLE 28691
GILLETTE CO. COM 375766102 521 12712 SH SOLE 12712
GLOBAL CROSSING LTD. COM G3921A100 3485 81872 SH SOLE 81872
GLOBAL SPORTS INC. COM 37937A107 263 16050 SH SOLE 16050
GLOBECOMM SYSTEMS INC. COM 37956X103 5471 554055 SH SOLE 554055
GOTO.COM INC. COM 38348T107 447 15950 SH SOLE 15950
HEINZ (H.J.) CO. COM 423074103 691 13787 SH SOLE 13787
HOME DEPOT COM 437076102 860 13350 SH SOLE 13350
I2 TECHNOLOGY INC. COM 465754109 11859 275800 SH SOLE 275800
IBM CORP. COM 459200101 10400 80468 SH SOLE 80468
IMR GLOBAL CORPORATION COM 45321W106 5377 279300 SH SOLE 279300
INFINITY BROADCASTING CORP. A COM 456625102 6557 220400 SH SOLE 220400
INFOSPACE COM INC. COM 45678T102 3525 75000 SH SOLE 75000
INGRAM MICRO INC. COM 457153104 5171 200800 SH SOLE 200800
INKTOMI CORP. COM 457277101 15727 119600 SH SOLE 119600
INTEL CORPORATION COM 458140100 8907 149700 SH SOLE 149700
INTRAWARE INC. COM 46118M103 294 12250 SH SOLE 12250
IVILLAGE INC. COM 465884105 206 4100 SH SOLE 4100
JOHN HANCOCK BANK & THRIFT OPP COM 41021T105 414 43600 SH SOLE 43600
JOHNSON & JOHNSON COM 478160104 2402 24512 SH SOLE 24512
KEANE INC. COM 486665102 3959 175000 SH SOLE 175000
KLA-TENCOR CORPORATION COM 482480100 13046 201100 SH SOLE 201100
KROGER CO. COM 501044101 1902 68088 SH SOLE 68088
LATITUDE COMMUNICATIONS COM 518292107 465 35800 SH SOLE 35800
LAUNCH MEDIA INC. COM 518567102 804 45000 SH SOLE 45000
LUCENT TECHNOLOGIES COM 549463107 1451 21516 SH SOLE 21516
MC DONALD'S CORP. COM 580135101 391 9500 SH SOLE 9500
MCI WORLDCOM, INC. COM 552683106 9728 113038 SH SOLE 113038
MERCK & CO. COM 589331107 250 3400 SH SOLE 3400
MERCURY INTERACTIVE CORP. COM 589405109 9788 276700 SH SOLE 276700
METROMEDIA FIBER NETWORK COM 591689104 11615 323200 SH SOLE 323200
MICROSOFT INC. COM 594918104 25495 282688 SH SOLE 282688
MICROWAVE POWER DEVICES INC. COM 59517M103 1537 100000 SH SOLE 100000
MINDSPRING ENTERPRISES INC. COM 602683104 7205 162600 SH SOLE 162600
MONSANTO COMPANY COM 611662107 765 19338 SH SOLE 19338
MULTEX.COM INC. COM 625367107 1306 50000 SH SOLE 50000
NETWORK APPLIANCE INC. COM 641206104 6705 120000 SH SOLE 120000
NETWORKS ASSOCIATES INC. COM 640938106 2937 200000 SH SOLE 200000
NEXTEL COMMUNICATIONS INC. CL COM 65332V103 2509 50000 SH SOLE 50000
NOKIA CORP. ADR COM 654902204 16115 176000 SH SOLE 176000
NORTH FORK BANCORPORATION NY COM 659424105 1245 58246 SH SOLE 58246
NOVELL INC. COM 670006105 6649 250900 SH SOLE 250900
NOVELLUS SYSTEMS INC. COM 670008101 8531 125000 SH SOLE 125000
ORACLE SYSTEMS CORP. COM 68389X105 11189 301400 SH SOLE 301400
PARAMETRIC TECHNOLOGY CORP. COM 699173100 2428 175000 SH SOLE 175000
PEPSICO INC. COM 713448108 1188 30706 SH SOLE 30706
PFIZER INC. COM 717081103 1501 13767 SH SOLE 13767
PHILIP MORRIS COS. COM 718154107 1116 27760 SH SOLE 27760
PRI AUTOMATION INC. COM 69357H106 5466 150800 SH SOLE 150800
PRIMUS TELECOMMUNICATIONS GROU COM 741929103 14369 640395 SH SOLE 640395
PROXICOM INC. COM 744282104 1286 50050 SH SOLE 50050
QUANTUM CORPORATION COM 747906105 6046 250600 SH SOLE 250600
QWEST COMMUNICATIONS INTL. COM 749121109 4989 150900 SH SOLE 150900
RADIO ONE INC. COM 75040P108 2441 52500 SH SOLE 52500
REAL NETWORKS INC. COM 75605L104 8540 124000 SH SOLE 124000
RHYTHMS NETCONNECTIONS INC. COM 762430205 4378 75000 SH SOLE 75000
SAGENT TECHNOLOGY INC. COM 786693101 862 100000 SH SOLE 100000
SANMINA CORP. COM 800907107 9515 125400 SH SOLE 125400
SCHERING-PLOUGH CORP. COM 806605101 546 10400 SH SOLE 10400
SCHLUMBERGER LTD. COM 806857108 220 3450 SH SOLE 3450
SCI SYSTEMS INC. COM 783890106 9552 201100 SH SOLE 201100
SCIENT CORP. COM 808644109 205 4300 SH SOLE 4300
SEAGATE TECHNOLOGY COM 811804103 5145 200800 SH SOLE 200800
SPRINT CORP. COM 852061001 265 5000 SH SOLE 5000
SYNOPSYS INC. COM 871607107 4139 75000 SH SOLE 75000
TAIWAN SEMICONDUCTOR MFG LTD. COM 874039100 10275 302200 SH SOLE 302200
TENFOLD CORPORATION COM 88033A103 2354 74150 SH SOLE 74150
TOOTSIE ROLL INDUSTRIES, INC. COM 890516107 215 5563 SH SOLE 5563
TOWER SEMICONDUCTOR LTD. COM M87915100 1897 230000 SH SOLE 230000
UNION CARBIDE CORP. COM 905581104 208 4266 SH SOLE 4266
UNISYS CORP. COM 909214108 9804 251800 SH SOLE 251800
UNITED TECHNOLOGIES COM 913017109 12609 175884 SH SOLE 175884
VEECO INSTRUMENTS INC. COM 922417100 5100 150000 SH SOLE 150000
VIANT CORP. COM 92553N107 3887 111050 SH SOLE 111050
VITESSE SEMICONDUCTORS COM 928497106 13514 200400 SH SOLE 200400
WASHINGTON MUTUAL INC. COM 939322103 1127 31694 SH SOLE 31694
WINSTAR COMMUNICATIONS INC. COM 97551S107 7493 153700 SH SOLE 153700
YAHOO! INC. COM 984332106 15537 90200 SH SOLE 90200
ZIFF-DAVIS INC. - ZDNET COM 989511100 2600 100000 SH SOLE 100000
TCI COMMUNICATIONS FIN 8.72% PFD 872285200 381 14800 SH SOLE 14800
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