AMERICAN FUND ADVISORS INC /NY/
13F-HR, 2000-07-26
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				Form 13F

			Form 13F Cover Page

Report for the Quarter Ended:  June 30, 2000

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 26, 2000

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.
<PAGE>

			FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:			0

Form 13F Information Table Entry Total:			166

Form 13F Information Table Value Total:		  2,653.126


List of Other Included Managers:





[PAGE]


<TABLE>
                                                                  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>
ACCELERATED NETWORKS           COM              00429P107      217     5150 SH       SOLE                     5150
ACTIVE SOFTWARE INC.           COM              00504E100    23384   301000 SH       SOLE                   301000
ADVANCED FIBRE COMMUNICATION   COM              00754A105    15869   350215 SH       SOLE                   350215
AEROFLEX INC.                  COM              007768104    32525   654584 SH       SOLE                   654584
AGILENT TECHNOLOGIES           COM              00846U101    23992   325318 SH       SOLE                   325318
AMERICA ONLINE INC.            COM              023645104    52321   991874 SH       SOLE                   991874
AMKOR TECHNOLOGIES INC.        COM              031652100    31814   900927 SH       SOLE                   900927
ANALOG DEVICES INC.            COM              032654105    45767   602200 SH       SOLE                   602200
ANTEC CORP.                    COM              03664P105    18862   453827 SH       SOLE                   453827
APPLIED MATERIALS INC.         COM              038222105    46049   508130 SH       SOLE                   508130
APPLIED SCIENCE & TECHNOLOGY   COM              038236105    15278   590462 SH       SOLE                   590462
ART TECHNOLOGY GROUP INC.      COM              04289L107    37181   368360 SH       SOLE                   368360
ASK JEEVES INC.                COM              045174109     8163   451940 SH       SOLE                   451940
ASM LITHOGRAPHY HLD NV         COM              N07059111    37803   856726 SH       SOLE                   856726
AT&T LIBERTY MEDIA CL A        COM              001957201      287    11816 SH       SOLE                    11816
ATMEL CORP.                    COM              049513104    37093  1005912 SH       SOLE                  1005912
ATS MEDICAL INC.               COM              002083101      592    40500 SH       SOLE                    40500
AUDIBLE INC.                   COM              05069A104     1247   300000 SH       SOLE                   300000
B2BSTORES.COM INC.             COM              11776S103       29    11500 SH       SOLE                    11500
BANK OF NEW YORK INC.          COM              064057102      386     8300 SH       SOLE                     8300
BEA SYSTEMS INC.               COM              073325102    43072   871240 SH       SOLE                   871240
BLUESTONE SOFTWARE             COM              09623D102     4750   184910 SH       SOLE                   184910
BMC SOFTWARE                   COM              055921100    11885   325765 SH       SOLE                   325765
CADENCE DESIGN SYSTEMS INC.    COM              127387108    15331   752432 SH       SOLE                   752432
CALICO COMMERCE INC.           COM              129897104     8149   501500 SH       SOLE                   501500
CHARTERED SEMICONDUCTOR        COM              16133R106    27023   300257 SH       SOLE                   300257
CIENA CORP.                    COM              171779101    71845   431018 SH       SOLE                   431018
CISCO SYSTEMS, INC.            COM              17275R102    60392   950125 SH       SOLE                   950125
CITIGROUP INC.                 COM              172967101     2784    46213 SH       SOLE                    46213
CITRIX SYSTEMS INC.            COM              177376100     8187   432297 SH       SOLE                   432297
CLASSIC COMMUNICATIONS INC.    COM              182728204      760    85000 SH       SOLE                    85000
COBALT NETWORKS INC.           COM              19074R101    20351   351640 SH       SOLE                   351640
COCA-COLA CO.                  COM              191216100      322     5600 SH       SOLE                     5600
COMPAQ COMPUTER CORP.          COM              204493100      563    22030 SH       SOLE                    22030
COMPUTER ASSOCIATES INTERNATIO COM              204912109    37169   726129 SH       SOLE                   726129
CONEXANT SYSTEMS INC.          COM              207142100    12156   250000 SH       SOLE                   250000
CORNING INC.                   COM              219350105    40506   150092 SH       SOLE                   150092
COSTCO WHOLESALE CORP.         COM              22160Q102      735    22284 SH       SOLE                    22284
CYPRESS SEMICONDUCTOR CORP.    COM              232806909    36727   869277 SH       SOLE                   869277
DELL COMPUTER CORP.            COM              247025109    50910  1032387 SH       SOLE                  1032387
DISNEY CO., (THE WALT)         COM              254687106      588    15143 SH       SOLE                    15143
DIVERSINET CORP.               COM              25536K204    11975  1008400 SH       SOLE                  1008400
DOUBLECLICK INC.               COM              258609304    10685   280272 SH       SOLE                   280272
DUANE READE INC.               COM              263578106      216     8400 SH       SOLE                     8400
E*TRADE GROUP, INC.            COM              269246104      289    17500 SH       SOLE                    17500
EL PASO ENERGY PARTNERS        COM              283683102      229     9400 SH       SOLE                     9400
ELECTRONICS FOR IMAGING        COM              286082102    12736   503170 SH       SOLE                   503170
EMC CORP.                      COM              268648102    76932   999933 SH       SOLE                   999933
EMULEX CORP.                   COM              292475209    16445   250350 SH       SOLE                   250350
EQUANT N.V.-REGISTER           COM              294409107    10803   251230 SH       SOLE                   251230
EXFO ELECTRO-OPTICAL ENG. INC. COM              302043104     1015    23140 SH       SOLE                    23140
EXODUS COMMUNICATIONS INC.     COM              302088109    41736   906076 SH       SOLE                   906076
EXULT INC.                     COM              302284104     5050   505000 SH       SOLE                   505000
FACTSET RESH SYSTEMS INC.      COM              303075105      859    30400 SH       SOLE                    30400
FINISAR CORPORATION            COM              31787A101    22601   863062 SH       SOLE                   863062
GATEWAY INC.                   COM              367626108    28709   505886 SH       SOLE                   505886
GENERAL ELECTRIC CO.           COM              369604103     4622    87213 SH       SOLE                    87213
GENUITY INC.                   COM              37248E103     9156  1000000 SH       SOLE                  1000000
GILLETTE CO.                   COM              375766102      224     6400 SH       SOLE                     6400
GLOBAL CROSSING LTD.           COM              G3921A100    12695   482481 SH       SOLE                   482481
GLOBAL LIGHT TELECOM           COM              37934X100     5485   501488 SH       SOLE                   501488
GLOBAL SPORTS INC.             COM              37937A107      159    24775 SH       SOLE                    24775
GLOBECOMM SYSTEMS INC.         COM              37956X103     7558   549675 SH       SOLE                   549675
GUIDANT CORP.                  COM              401698105      683    13800 SH       SOLE                    13800
HAIN CELESTIAL GROUP INC.      COM              405217100      477    13000 SH       SOLE                    13000
HEINZ (H.J.) CO.               COM              423074103      238     5450 SH       SOLE                     5450
HOME DEPOT                     COM              437076102     1090    21825 SH       SOLE                    21825
HONEYWELL INTL. INC.           COM              438516101      848    25184 SH       SOLE                    25184
I2 TECHNOLOGY INC.             COM              465754109    41841   401290 SH       SOLE                   401290
IBM CORP.                      COM              459200101      964     8800 SH       SOLE                     8800
ILLINOIS SUPERCONDUCTOR        COM              452284101     1535   321100 SH       SOLE                   321100
IMR GLOBAL CORPORATION         COM              45321W106     8534   653300 SH       SOLE                   653300
INFINITY BROADCASTING CORP. A  COM              456625102    15289   419590 SH       SOLE                   419590
INFOSPACE INC.- NEW            COM              45678T102    22800   412672 SH       SOLE                   412672
INFOTAG CORP.                  COM              456790101        0    11000 SH       SOLE                    11000
INKTOMI CORP.                  COM              457277101    28433   240447 SH       SOLE                   240447
INNKEEPERS USA TRUST           COM              457650101      116    12750 SH       SOLE                    12750
INPRISE CORPORATION            COM              45766C102      459    75000 SH       SOLE                    75000
INTEGRATED DEVICES TECH INC.   COM              458118106    66285  1107054 SH       SOLE                  1107054
INTEL CORPORATION              COM              458140100    35239   263595 SH       SOLE                   263595
INTERNAP NETWORK SERVICES      COM              45885A102     3184    76700 SH       SOLE                    76700
INTERPUBLIC GROUP OF COS INC.  COM              460690100      843    19604 SH       SOLE                    19604
JABIL CIRCUIT                  COM              466313103    24837   500500 SH       SOLE                   500500
JNI CORP.                      COM              466226105    11100   351000 SH       SOLE                   351000
JOHN HANCOCK BANK & THRIFT OPP COM              41021T105      160    24000 SH       SOLE                    24000
KEYNOTE SYSTEMS INC.           COM              493308100    14112   200000 SH       SOLE                   200000
KLA-TENCOR CORPORATION         COM              482480100    29765   508255 SH       SOLE                   508255
KROGER CO.                     COM              501044101      670    30368 SH       SOLE                    30368
LSI LOGIC CORP.                COM              502161AB8    27273   503888 SH       SOLE                   503888
LUCENT TECHNOLOGIES            COM              549463107     1420    23966 SH       SOLE                    23966
MANUFACTURERS SERVICE          COM              565005105     1319    64150 SH       SOLE                    64150
MARVELL TECHNOLOGY             COM              G5876H106      663    11640 SH       SOLE                    11640
MBNA CORP.                     COM              55262L101      627    23101 SH       SOLE                    23101
MC DONALD'S CORP.              COM              580135101      263     8000 SH       SOLE                     8000
MERCK & CO.                    COM              589331107      276     3600 SH       SOLE                     3600
MERCURY INTERACTIVE CORP.      COM              589405109    68042   703281 SH       SOLE                   703281
METROMEDIA FIBER NETWORK       COM              591689104    32075   808184 SH       SOLE                   808184
MICRON TECHNOLOGY, INC.        COM              595112103   106438  1208667 SH       SOLE                  1208667
MICROSOFT INC.                 COM              594918104    42374   529681 SH       SOLE                   529681
NATIONAL SEMICONDUCTOR CORP.   COM              637640103    34724   611873 SH       SOLE                   611873
NBC INTERNET INC.              COM              62773D106     6357   508600 SH       SOLE                   508600
NET PERCEPTIONS INC.           COM              64107U101     8763   552000 SH       SOLE                   552000
NET2PHONE INC.                 COM              64108N106    10706   300000 SH       SOLE                   300000
NETWORK APPLIANCE INC.         COM              641206104     9333   115940 SH       SOLE                   115940
NETWORKS ASSOCIATES INC.       COM              640938106    10668   523600 SH       SOLE                   523600
NOKIA CORP. ADR                COM              654902204    47535   951880 SH       SOLE                   951880
NORTEL NETWORKS CORP.          COM              656568102    31453   460848 SH       SOLE                   460848
NORTH FORK BANCORPORATION NY   COM              659424105      784    51817 SH       SOLE                    51817
NOVADIGM INC.                  COM              669937104      517    26200 SH       SOLE                    26200
NOVELLUS SYSTEMS INC.          COM              670008101    34168   604083 SH       SOLE                   604083
ORACLE SYSTEMS CORP.           COM              68389X105    63869   759779 SH       SOLE                   759779
PACIFIC CENTURY CYBERWORKS LTD COM              Y6801N100    19518 10009000 SH       SOLE                 10009000
PARAMETRIC TECHNOLOGY CORP.    COM              699173100    16846  1531458 SH       SOLE                  1531458
PARTSBASE.COM INC.             COM              70214P101     1375   250000 SH       SOLE                   250000
PFIZER INC.                    COM              717081103     2202    45882 SH       SOLE                    45882
PHARMACIA CORP.                COM              717130102      767    14839 SH       SOLE                    14839
PHILIP MORRIS COS.             COM              718154107      444    16700 SH       SOLE                    16700
PHONE.COM INC.                 COM              71920G100    13038   200193 SH       SOLE                   200193
PORTAL SOFTWARE                COM              735126103    19245   301292 SH       SOLE                   301292
PRECISE SOFTWARE SOLUTIONS LTD COM              M41450103     1224    51000 SH       SOLE                    51000
PRI AUTOMATION INC.            COM              69357H106    29552   451938 SH       SOLE                   451938
PRIMUS TELECOMMUNICATIONS GROU COM              741929103    24698   992879 SH       SOLE                   992879
QUALCOMM INC.                  COM              747525103    18087   301457 SH       SOLE                   301457
QWEST COMMUNICATIONS INTL.     COM              749121109    22935   461578 SH       SOLE                   461578
RATIONAL SOFTWARE CORP.        COM              75409P202    46748   503007 SH       SOLE                   503007
REAL NETWORKS INC.             COM              75605L104    25306   500485 SH       SOLE                   500485
RHYTHMS NETCONNECTIONS INC.    COM              762430205     5669   451300 SH       SOLE                   451300
SANMINA CORP.                  COM              800907107    34234   400392 SH       SOLE                   400392
SCHERING-PLOUGH CORP.          COM              806605101      525    10400 SH       SOLE                    10400
SCHLUMBERGER LTD.              COM              806857108      228     3050 SH       SOLE                     3050
SEAGATE TECHNOLOGY             COM              811804103    33432   607863 SH       SOLE                   607863
SMARTFORCE PC                  COM              83170A206    19219   400392 SH       SOLE                   400392
SOCIETE EURO SATELLITE         COM              185773114      221     1200 SH       SOLE                     1200
SOFTWARE TECHNOLOGIE           COM              834040107    11508   375000 SH       SOLE                   375000
SOLECTRON CORP.                COM              834182107    55259  1319614 SH       SOLE                  1319614
SPRINT CORP.                   COM              852061001      255     5000 SH       SOLE                     5000
STRATOS LIGHTWAVE INC.         COM              863100103      648    23250 SH       SOLE                    23250
SYCAMORE NETWORKS INC.         COM              871206108     5187    46995 SH       SOLE                    46995
TAIWAN SEMICONDUCTOR MFG LTD.  COM              874039100    20083   518266 SH       SOLE                   518266
TAIWAN SEMICONDUCTOR SP ADR    COM              874039209     3415    88000 SH       SOLE                    88000
TELEBRAS TELECOMMUNICATIONS DE COM              P90286131      243     2500 SH       SOLE                     2500
TELEMATE.NET SOFTWARE INC.     COM              87943L100      669   210000 SH       SOLE                   210000
TELOCITY INC.                  COM              87971D101     3062   671050 SH       SOLE                   671050
TENFOLD CORP.                  COM              88033A103     7043   428500 SH       SOLE                   428500
TIBCO SOFTWARE INC.            COM              886329103    28906   269560 SH       SOLE                   269560
TUT SYSTEMS INC.               COM              901103101    28943   504460 SH       SOLE                   504460
UNION CARBIDE CORP.            COM              905581104      211     4266 SH       SOLE                     4266
UNISYS CORP.                   COM              909214108    14958  1027172 SH       SOLE                  1027172
UNITED TECHNOLOGIES            COM              913017109     1377    23384 SH       SOLE                    23384
VEECO INSTRUMENTS INC.         COM              922417100    10987   150000 SH       SOLE                   150000
VERISIGN INC.                  COM              92343E102    12531    71000 SH       SOLE                    71000
VERTICALNET INC.               COM              92532L107    13865   375366 SH       SOLE                   375366
VIANT CORP.                    COM              92553N107    21140   713580 SH       SOLE                   713580
VITESSE SEMICONDUCTORS         COM              928497106    25772   350339 SH       SOLE                   350339
VIXEL CORP.                    COM              928552106     2062   250000 SH       SOLE                   250000
VOXWARE INC.                   COM              92906L101       67    15500 SH       SOLE                    15500
WASHINGTON MUTUAL INC.         COM              939322103      732    25334 SH       SOLE                    25334
WEBVAN GROUP INC.              COM              94845V101     3685   506100 SH       SOLE                   506100
WESTERN DIGITAL CORP.          COM              958102105    18648  3729565 SH       SOLE                  3729565
WINSTAR COMMUNICATIONS INC.    COM              97551S107    12065   356170 SH       SOLE                   356170
MERRILL LYNCH CAP. TR. 7.28%   PFD              59021K205      230    10600 SH       SOLE                    10600
SENTRY TECHNOLOGY CORP. CL A 5 PFD              81731K200        3    23655 SH       SOLE                    23655
TCI COMMUNICATIONS FIN 8.72%   PFD              872285200      324    13300 SH       SOLE                    13300
GS INTERNATIONAL SMALL CAP FUN                  38142V316      545 34036.760SH       SOLE                34036.760
GS INTL EQUITY FUND CL A                        38141W596      514 20911.752SH       SOLE                20911.752
JOHN HANCOCK GLOBAL TECH. FUND                  478032303      271 3109.202 SH       SOLE                 3109.202
</TABLE>


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