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: 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 May 7, 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 Sumary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 136
Form 13F Information Table Value Total: 555,521
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 1919 200000 SH SOLE 200000
ALLAIRE CORP. COM 016714107 231 3400 SH SOLE 3400
ALLEGIANCE TELECOM INC. COM 01747T102 2500 100000 SH SOLE 100000
ALLIED SIGNAL COM 019512102 1201 24408 SH SOLE 24408
ALLSTATE CORP. COM 020002101 986 26608 SH SOLE 26608
ALTERA CORP. COM 021441100 8366 140600 SH SOLE 140600
AMERICA ONLINE INC. COM 023645104 49757 340800 SH SOLE 340800
AMR CORP. COM 001765106 4468 76300 SH SOLE 76300
ANALOG DEVICES INC. COM 032654105 5974 200800 SH SOLE 200800
ANTENNA TV SA-ADR COM 03672N100 130 10000 SH SOLE 10000
APPLIED MATERIALS INC. COM 038222105 9272 150300 SH SOLE 150300
APPLIED SCIENCE & TECHNOLOGY COM 038236105 1922 153000 SH SOLE 153000
ASCEND COMMUNICATIONS INC. COM 043491109 6277 75000 SH SOLE 75000
ASM LITHOGRAPHY HLD NV COM N07059111 6777 150600 SH SOLE 150600
AT&T COM 001957109 432 5417 SH SOLE 5417
ATLANTIC RICHFIELD CO. COM 048825103 244 3340 SH SOLE 3340
AUTOBYTEL.COM INC. COM 05275N106 440 10500 SH SOLE 10500
BANK OF NEW YORK INC. COM 064057102 230 6400 SH SOLE 6400
BEA SYSTEMS INC. COM 073325102 2747 175800 SH SOLE 175800
BMC SOFTWARE COM 055921100 4651 125500 SH SOLE 125500
CADENCE DESIGN SYSTEMS INC. COM 127387108 7805 303100 SH SOLE 303100
CBT GROUP COM 124853300 572 50000 SH SOLE 50000
CENDANT CORP. COM 151313103 526 33000 SH SOLE 33000
CHINA TELECOM HK ADR COM 169428109 1669 50000 SH SOLE 50000
CIENA CORP. COM 171779101 5638 250600 SH SOLE 250600
CISCO SYSTEMS, INC. COM 17275R102 24843 226750 SH SOLE 226750
CITIGROUP INC. COM 172967101 1991 31177 SH SOLE 31177
COCA-COLA CO. COM 191216100 583 9500 SH SOLE 9500
COMPAQ COMPUTER CORP. COM 204493100 8865 279750 SH SOLE 279750
COMPUTER ASSOCIATES INTERNATIO COM 204912109 5954 167425 SH SOLE 167425
COMPUWARE CORP. COM 205638109 6346 265800 SH SOLE 265800
COSTCO COMPANIES INC. COM 22160Q102 1117 12200 SH SOLE 12200
CRITICAL PATH INC. COM 226744100 562 7300 SH SOLE 7300
CYPRESS SEMICONDUCTOR CORP. COM 232806909 2268 252000 SH SOLE 252000
DELL COMPUTER CORP. COM 247025109 16979 415400 SH SOLE 415400
DESCARTES SYSTEMS COM 249906108 407 53000 SH SOLE 53000
DIGITAL LAVA COM 253928105 159 16667 SH SOLE 16667
DISNEY CO., (THE WALT) COM 254687106 772 24790 SH SOLE 24790
DOUBLECLICK INC. COM 258609304 9103 50000 SH SOLE 50000
DUANE READE INC. COM 263578106 691 24800 SH SOLE 24800
EARTHLINK NETWORK INC. COM 270322100 6018 100300 SH SOLE 100300
ELK ASSOCIATES FUNDING CORP. COM 287166102 118 12000 SH SOLE 12000
EMC CORP. COM 268648102 25876 202550 SH SOLE 202550
ESAT TELECOM GROUP PLC-ADR COM 268834102 783 18700 SH SOLE 18700
EXODUS COMMUNICATIONS INC. COM 302088109 10087 75000 SH SOLE 75000
EXXON CORPORATION COM 302290101 1053 14929 SH SOLE 14929
FUNDTECH LTD. COM M47095100 3103 103000 SH SOLE 103000
GENERAL ELECTRIC CO. COM 369604103 3109 28104 SH SOLE 28104
GILLETTE CO. COM 375766102 709 11927 SH SOLE 11927
GLOBAL CROSSING LTD. COM G3921A100 9250 200000 SH SOLE 200000
GLOBECOMM SYSTEMS INC. COM 37956X103 3293 560438 SH SOLE 560438
HEINZ (H.J.) CO. COM 423074103 718 15150 SH SOLE 15150
HOME DEPOT COM 437076102 822 13200 SH SOLE 13200
I2 TECHNOLOGY INC. COM 465754109 6005 225800 SH SOLE 225800
IBM CORP. COM 459200101 928 5234 SH SOLE 5234
INFINITY BROADCASTING CORP. A COM 456625102 3615 140400 SH SOLE 140400
INFORMATION MGMT ASSOCIATES COM 456923101 277 130500 SH SOLE 130500
INKTOMI CORP. COM 457277101 8626 100600 SH SOLE 100600
INTEL CORPORATION COM 458140100 6497 54650 SH SOLE 54650
INTRAWARE INC. COM 46118M103 491 12250 SH SOLE 12250
IVILLAGE INC. COM 465884105 412 4100 SH SOLE 4100
JOHN HANCOCK BANK & THRIFT OPP COM 41021T105 502 54973 SH SOLE 54973
JOHNSON & JOHNSON COM 478160104 2335 24972 SH SOLE 24972
KEANE INC. COM 486665102 3210 150600 SH SOLE 150600
KLA-TENCOR CORPORATION COM 482480100 6104 125700 SH SOLE 125700
KROGER CO. COM 501044101 2039 34060 SH SOLE 34060
LUCENT TECHNOLOGIES COM 549463107 1185 10971 SH SOLE 10971
LYCOS, INC. COM 550818108 2152 25000 SH SOLE 25000
MC DONALD'S CORP. COM 580135101 408 9000 SH SOLE 9000
MCI WORLDCOM, INC. COM 552683106 6443 72750 SH SOLE 72750
MERCK & CO. COM 589331107 272 3400 SH SOLE 3400
MERCURY INTERACTIVE CORP. COM 589405109 7153 200800 SH SOLE 200800
METROMEDIA FIBER NETWORK COM 591689104 9948 192000 SH SOLE 192000
MICROSOFT INC. COM 594918104 25185 281000 SH SOLE 281000
MICROWAVE POWER DEVICES INC. COM 59517M103 720 90000 SH SOLE 90000
MINDSPRING ENTERPRISES INC. COM 602683104 3442 40000 SH SOLE 40000
MODEM MEDIA POPPE TYSON COM 607533106 628 14650 SH SOLE 14650
MONSANTO COMPANY COM 611662107 923 20101 SH SOLE 20101
MULTEX.COM INC. COM 625367107 3125 50000 SH SOLE 50000
NEON SYSTEMS COM 640509105 313 5700 SH SOLE 5700
NETGRAVITY COM 641114103 3310 80000 SH SOLE 80000
NETWORK APPLIANCE INC. COM 641206104 6075 120000 SH SOLE 120000
NETWORKS ASSOCIATES INC. COM 640938106 5524 180000 SH SOLE 180000
NOKIA CORP. ADR COM 654902204 11712 75200 SH SOLE 75200
NORTH FORK BANCORPORATION NY COM 659424105 1270 60124 SH SOLE 60124
NOVELL INC. COM 670006105 6320 250900 SH SOLE 250900
NOVELLUS SYSTEMS INC. COM 670008101 5512 100000 SH SOLE 100000
ONEMAIN.COM INC. COM 68267P109 484 13350 SH SOLE 13350
ONYX SOFTWARE CORP. COM 638402101 203 5200 SH SOLE 5200
OPEN MARKET INC. COM 68370M100 1294 100000 SH SOLE 100000
PARAMETRIC TECHNOLOGY CORP. COM 699173100 3456 175000 SH SOLE 175000
PEPSICO INC. COM 713448108 1234 31500 SH SOLE 31500
PFIZER INC. COM 717081103 1619 11671 SH SOLE 11671
PHILIP MORRIS COS. COM 718154107 980 27850 SH SOLE 27850
PRI AUTOMATION INC. COM 69357H106 2530 120500 SH SOLE 120500
PRICELINE.COM INC. COM 741503106 1827 22050 SH SOLE 22050
PRIMUS TELECOMMUNICATIONS GROU COM 741929103 6827 674300 SH SOLE 674300
QUANTUM CORPORATION COM 747906105 4511 250600 SH SOLE 250600
QWEST COMMUNICATIONS INTL. COM 749121109 5439 75450 SH SOLE 75450
RAMBUS INC. COM 750917106 6437 100000 SH SOLE 100000
REAL NETWORKS INC. COM 75605L104 10386 85000 SH SOLE 85000
ROWECOM INC. COM 77957X108 2251 51600 SH SOLE 51600
SANMINA CORP. COM 800907107 7994 125400 SH SOLE 125400
SCHERING-PLOUGH CORP. COM 806605101 575 10400 SH SOLE 10400
SCI SYSTEMS INC. COM 783890106 4453 150300 SH SOLE 150300
SEAGATE TECHNOLOGY COM 811804103 5927 200500 SH SOLE 200500
SMITH-GARDNER & ASSOCIATES COM 832059109 706 50000 SH SOLE 50000
SPORTSLINE USA COM 848934105 2737 60000 SH SOLE 60000
SPRINT CORP. COM 852061001 245 2500 SH SOLE 2500
SYNOPSYS INC. COM 871607107 3225 60000 SH SOLE 60000
TAIWAN SEMICONDUCTOR MFG LTD. COM 874039100 6549 277200 SH SOLE 277200
TECHNICLONE CORP. COM 878517309 80 77100 SH SOLE 77100
TOOTSIE ROLL INDUSTRIES, INC. COM 890516107 385 8368 SH SOLE 8368
UAL CORP. COM 902549500 3887 50000 SH SOLE 50000
UNISYS CORP. COM 909214108 6271 226500 SH SOLE 226500
UNITED TECHNOLOGIES COM 913017109 11614 85750 SH SOLE 85750
VEECO INSTRUMENTS INC. COM 922417100 5541 150000 SH SOLE 150000
VITESSE SEMICONDUCTORS COM 928497106 7614 150400 SH SOLE 150400
WANG LABS NEW COM 93369N109 2944 150000 SH SOLE 150000
WASHINGTON MUTUAL INC. COM 939322103 1342 32823 SH SOLE 32823
WINSTAR COMMUNICATIONS INC. COM 97551S107 5713 157200 SH SOLE 157200
YAHOO! INC. COM 984332106 11820 70200 SH SOLE 70200
ZIFF-DAVIS INC. - ZDNET COM 989511100 358 9950 SH SOLE 9950
DIGITAL EQUIPMENT CORP. SER A PFD 253849202 201 7897 SH SOLE 7897
TCI COMMUNICATIONS FIN 8.72% PFD 872285200 394 15063 SH SOLE 15063
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