AMERICAN FUND ADVISORS INC /NY/
13F-HR, 2000-10-25
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				Form 13F

			Form 13F Cover Page

Report for the Quarter Ended: September 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, October 24, 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:			152

Form 13F Information Table Value Total:		  2,634,113


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>
ADVANCED FIBRE COMMUNICATION   COM              00754A105    20863   550850 SH       SOLE                   550850
AEROFLEX INC.                  COM              007768104    39882   820187 SH       SOLE                   820187
ALTERA CORP.                   COM              021441100    22877   479100 SH       SOLE                   479100
AMERICA ONLINE INC.            COM              023645104    58733  1092700 SH       SOLE                  1092700
AMERICAN EXPRESS CO.           COM              025816101      349     5740 SH       SOLE                     5740
AMKOR TECHNOLOGIES INC.        COM              031652100    20939   801500 SH       SOLE                   801500
ANALOG DEVICES INC.            COM              032654105    56485   684150 SH       SOLE                   684150
ANHEUSER-BUSCH COS INC.        COM              035229103      715    16900 SH       SOLE                    16900
ANTEC CORP.                    COM              03664P105    13416   454770 SH       SOLE                   454770
APPLIED MATERIALS INC.         COM              038222105    35712   602100 SH       SOLE                   602100
APPLIED SCIENCE & TECHNOLOGY   COM              038236105     8719   591100 SH       SOLE                   591100
ART TECHNOLOGY GROUP INC.      COM              04289L107    34963   369000 SH       SOLE                   369000
ASK JEEVES INC.                COM              045174109     9673   504140 SH       SOLE                   504140
ASM LITHOGRAPHY HLD NV         COM              N07059111    29534   914000 SH       SOLE                   914000
AT&T LIBERTY MEDIA CL A        COM              001957201      213    11816 SH       SOLE                    11816
ATMEL CORP.                    COM              049513104    33756  2222600 SH       SOLE                  2222600
ATS MEDICAL INC.               COM              002083101      500    33200 SH       SOLE                    33200
AUDIBLE INC.                   COM              05069A104       45    37500 SH       SOLE                    37500
AVANTGO INC.                   COM              05349M100      400    20000 SH       SOLE                    20000
AXCELIUS TECHNOLOGIES          COM              054540105     4759   400800 SH       SOLE                   400800
B2BSTORES.COM INC.             COM              11776S103       21    11500 SH       SOLE                    11500
BANK OF NEW YORK INC.          COM              064057102      499     8900 SH       SOLE                     8900
BEA SYSTEMS INC.               COM              073325102    68035   873650 SH       SOLE                   873650
BLUESTONE SOFTWARE             COM              09623D102     3213   184910 SH       SOLE                   184910
CADENCE DESIGN SYSTEMS INC.    COM              127387108    19361   753700 SH       SOLE                   753700
CALICO COMMERCE INC.           COM              129897104     3072   501500 SH       SOLE                   501500
CHARLES SCHWAB INC.            COM              808513105      674    19000 SH       SOLE                    19000
CHARTERED SEMICONDUCTOR        COM              16133R106    24327   400860 SH       SOLE                   400860
CIENA CORP.                    COM              171779101    74024   602744 SH       SOLE                   602744
CISCO SYSTEMS, INC.            COM              17275R102    56996  1031600 SH       SOLE                  1031600
CITIGROUP INC.                 COM              172967101     3133    57946 SH       SOLE                    57946
CITRIX SYSTEMS INC.            COM              177376100    11118   554150 SH       SOLE                   554150
COBALT NETWORKS INC.           COM              19074R101    20389   352300 SH       SOLE                   352300
COCA-COLA CO.                  COM              191216100      298     5400 SH       SOLE                     5400
COMPAQ COMPUTER CORP.          COM              204493100      552    20030 SH       SOLE                    20030
COMPUTER ASSOCIATES INTERNATIO COM              204912109    18024   715602 SH       SOLE                   715602
CORNING INC.                   COM              219350105    54636   183960 SH       SOLE                   183960
COSINE COMMUNICATIONS          COM              221222102     1860    33480 SH       SOLE                    33480
CYPRESS SEMICONDUCTOR CORP.    COM              232806909    38164   918237 SH       SOLE                   918237
DELL COMPUTER CORP.            COM              247025109    33823  1097707 SH       SOLE                  1097707
DISNEY CO., (THE WALT)         COM              254687106      501    13103 SH       SOLE                    13103
DIVERSINET CORP.               COM              25536K204     5924  1008400 SH       SOLE                  1008400
DOUBLECLICK INC.               COM              258609304     8978   280550 SH       SOLE                   280550
EL PASO ENERGY PARTNERS        COM              283683102      251     9400 SH       SOLE                     9400
ELECTRONICS FOR IMAGING        COM              286082102    12718   503700 SH       SOLE                   503700
EMC CORP.                      COM              268648102   100473  1013600 SH       SOLE                  1013600
EMULEX CORP.                   COM              292475209    30686   250500 SH       SOLE                   250500
EQUANT N.V.-REGISTER           COM              294409107     9232   251630 SH       SOLE                   251630
EXODUS COMMUNICATIONS INC.     COM              302088109    49407  1000650 SH       SOLE                  1000650
EXULT INC.                     COM              302284104     8377   606450 SH       SOLE                   606450
FACTSET RESH SYSTEMS INC.      COM              303075105      696    18500 SH       SOLE                    18500
FINISAR CORPORATION            COM              31787A101    45629   943240 SH       SOLE                   943240
GATEWAY INC.                   COM              367626108    27433   586800 SH       SOLE                   586800
GENERAL ELECTRIC CO.           COM              369604103     4809    83363 SH       SOLE                    83363
GENUITY INC.                   COM              37248E103     6535  1000500 SH       SOLE                  1000500
GLOBAL CROSSING LTD.           COM              G3921A100    18861   608416 SH       SOLE                   608416
GLOBAL LIGHT TELECOM           COM              37934X100     2588   502600 SH       SOLE                   502600
GLOBAL SPORTS INC.             COM              37937A107      195    24775 SH       SOLE                    24775
GLOBECOMM SYSTEMS INC.         COM              37956X103     6845   531675 SH       SOLE                   531675
GUIDANT CORP.                  COM              401698105      707    10000 SH       SOLE                    10000
HAIN CELESTIAL GROUP INC.      COM              405217100      386    11000 SH       SOLE                    11000
HONEYWELL INTL. INC.           COM              438516101      826    23184 SH       SOLE                    23184
I2 TECHNOLOGY INC.             COM              465754109    75226   402145 SH       SOLE                   402145
IBM CORP.                      COM              459200101      765     6800 SH       SOLE                     6800
ILLINOIS SUPERCONDUCTOR        COM              452284101      450   147100 SH       SOLE                   147100
IMR GLOBAL CORPORATION         COM              45321W106     7595   653300 SH       SOLE                   653300
INFINITY BROADCASTING CORP. A  COM              456625102    13778   417520 SH       SOLE                   417520
INFOSPACE INC.- NEW            COM              45678T102    18488   611187 SH       SOLE                   611187
INFOTAG CORP.                  COM              456790101        0    11000 SH       SOLE                    11000
INKTOMI CORP.                  COM              457277101    28766   252330 SH       SOLE                   252330
INNKEEPERS USA TRUST           COM              457650101      131    12750 SH       SOLE                    12750
INRANGE TECHNOLOGIES           COM              45769V101     2230    42080 SH       SOLE                    42080
INTEGRATED DEVICES TECH INC.   COM              458118106    77619   857663 SH       SOLE                   857663
INTEL CORPORATION              COM              458140100    17685   425500 SH       SOLE                   425500
INTERPUBLIC GROUP OF COS INC.  COM              460690100      572    16801 SH       SOLE                    16801
JABIL CIRCUIT                  COM              466313103    17087   301100 SH       SOLE                   301100
JDS UNIPHASE CORP.             COM              466125101     8157    86150 SH       SOLE                    86150
JNI CORP.                      COM              466226105    41147   462321 SH       SOLE                   462321
KEYNOTE SYSTEMS INC.           COM              493308100     5096   190500 SH       SOLE                   190500
KLA-TENCOR CORPORATION         COM              482480100    30252   734485 SH       SOLE                   734485
KROGER CO.                     COM              501044101      491    21768 SH       SOLE                    21768
LUCENT TECHNOLOGIES            COM              549463107    22308   729904 SH       SOLE                   729904
MBNA CORP.                     COM              55262L101      805    20901 SH       SOLE                    20901
MC DONALD'S CORP.              COM              580135101      241     8000 SH       SOLE                     8000
MCDATA CORPORATION             COM              580031102      989     8050 SH       SOLE                     8050
MERCK & CO.                    COM              589331107      268     3600 SH       SOLE                     3600
MERCURY INTERACTIVE CORP.      COM              589405109   111841   713500 SH       SOLE                   713500
METROMEDIA FIBER NETWORK       COM              591689104    19682   809550 SH       SOLE                   809550
MICRON TECHNOLOGY, INC.        COM              595112103    62810  1365445 SH       SOLE                  1365445
MICROSOFT INC.                 COM              594918104    25795   427693 SH       SOLE                   427693
NATIONAL SEMICONDUCTOR CORP.   COM              637640103      453    11250 SH       SOLE                    11250
NBC INTERNET INC.              COM              62773D106     3338   508600 SH       SOLE                   508600
NET PERCEPTIONS INC.           COM              64107U101     2605   552000 SH       SOLE                   552000
NET2PHONE INC.                 COM              64108N106     6750   300000 SH       SOLE                   300000
NETWORK APPLIANCE INC.         COM              641206104    25590   200900 SH       SOLE                   200900
NETWORKS ASSOCIATES INC.       COM              640938106    17890   790700 SH       SOLE                   790700
NOKIA CORP. ADR                COM              654902204    42548  1068700 SH       SOLE                  1068700
NORTEL NETWORKS CORP.          COM              656568102    31961   536600 SH       SOLE                   536600
NORTH FORK BANCORPORATION NY   COM              659424105     1010    46717 SH       SOLE                    46717
NOVADIGM INC.                  COM              669937104      214    13800 SH       SOLE                    13800
OMNISKY CORPORATION            COM              68213L103      657    32350 SH       SOLE                    32350
ORACLE SYSTEMS CORP.           COM              68389X105    63024   800300 SH       SOLE                   800300
PARAMETRIC TECHNOLOGY CORP.    COM              699173100    16737  1530270 SH       SOLE                  1530270
PARTSBASE.COM INC.             COM              70214P101      875   250000 SH       SOLE                   250000
PFIZER INC.                    COM              717081103     2082    46332 SH       SOLE                    46332
PHARMACIA CORP.                COM              717130102      815    13539 SH       SOLE                    13539
PHILIP MORRIS COS.             COM              718154107      492    16700 SH       SOLE                    16700
PHONE.COM INC.                 COM              71920G100    22819   200826 SH       SOLE                   200826
PORTAL SOFTWARE                COM              735126103    12089   302215 SH       SOLE                   302215
PRI AUTOMATION INC.            COM              69357H106     8256   452400 SH       SOLE                   452400
PRIMUS TELECOMMUNICATIONS GROU COM              741929103     9959  1048322 SH       SOLE                  1048322
QUALCOMM INC.                  COM              747525103    41250   578950 SH       SOLE                   578950
RATIONAL SOFTWARE CORP.        COM              75409P202    69957  1008391 SH       SOLE                  1008391
REAL NETWORKS INC.             COM              75605L104    19927   501300 SH       SOLE                   501300
RHYTHMS NETCONNECTIONS INC.    COM              762430205     3325   450900 SH       SOLE                   450900
SANMINA CORP.                  COM              800907107    37740   403100 SH       SOLE                   403100
SCHERING-PLOUGH CORP.          COM              806605101      484    10400 SH       SOLE                    10400
SCREAMING MEDIA INC.           COM              810883108     1927   205587 SH       SOLE                   205587
SEAGATE TECHNOLOGY             COM              811804103    68462   992200 SH       SOLE                   992200
SMARTFORCE PC                  COM              83170A206    19016   401400 SH       SOLE                   401400
SOFTWARE TECHNOLOGIE           COM              834040107     8584   375000 SH       SOLE                   375000
SOLECTRON CORP.                COM              834182107    68313  1481050 SH       SOLE                  1481050
SOUTHWEST AIRLINES CO.         COM              844741108      356    14700 SH       SOLE                    14700
SYCAMORE NETWORKS INC.         COM              871206108     5075    46995 SH       SOLE                    46995
TAIWAN SEMICONDUCTOR MFG LTD.  COM              874039100    14401   706776 SH       SOLE                   706776
TALARIAN CORP.                 COM              874090103     1748    91080 SH       SOLE                    91080
TELOCITY INC.                  COM              87971D101     2202   671050 SH       SOLE                   671050
TENFOLD CORP.                  COM              88033A103     1901   428500 SH       SOLE                   428500
TIBCO SOFTWARE INC.            COM              886329103    22879   270955 SH       SOLE                   270955
TTM TECHNOLOGIES               COM              87305R109      202     8590 SH       SOLE                     8590
TURNSTONE SYSTEMS INC.         COM              900423104     9305   200650 SH       SOLE                   200650
TUT SYSTEMS INC.               COM              901103101    43583   504940 SH       SOLE                   504940
TYCOM LTD.                     COM              69144B106     7265   189315 SH       SOLE                   189315
UNISYS CORP.                   COM              909214108    11573  1028700 SH       SOLE                  1028700
UNITED TECHNOLOGIES            COM              913017109     1599    23084 SH       SOLE                    23084
VERISIGN INC.                  COM              92343E102    20299   100210 SH       SOLE                   100210
VERTICALNET INC.               COM              92532L107    14185   403850 SH       SOLE                   403850
VIANT CORP.                    COM              92553N107     4197   714350 SH       SOLE                   714350
VIGNETTE CORPORATION           COM              926734104    24055   805195 SH       SOLE                   805195
VITESSE SEMICONDUCTORS         COM              928497106    31217   351000 SH       SOLE                   351000
VOXWARE INC.                   COM              92906L101       32    15500 SH       SOLE                    15500
WASHINGTON MUTUAL INC.         COM              939322103     1009    25334 SH       SOLE                    25334
WEBMETHODS INC.                COM              94768L108    18262   158627 SH       SOLE                   158627
WEBVAN GROUP INC.              COM              94845V101     1170   506100 SH       SOLE                   506100
WESTERN DIGITAL CORP.          COM              958102105    21920  3731000 SH       SOLE                  3731000
WINSTAR COMMUNICATIONS INC.    COM              97551S107     5535   357087 SH       SOLE                   357087
WJ COMMUNICATIONS INC.         COM              929284107     2179    58900 SH       SOLE                    58900
MERRILL LYNCH CAP. TR. 7.28%   PFD              59021K205      237    10600 SH       SOLE                    10600
SENTRY TECHNOLOGY CORP. CL A 5 PFD              81731K200       10    23655 SH       SOLE                    23655
TCI COMMUNICATIONS FIN 8.72%   PFD              872285200      281    11300 SH       SOLE                    11300
JH GROWTH TRENDS FUND CL A                      41014V109      945 94500.000SH       SOLE                94500.000
JOHN HANCOCK GLOBAL TECH. FUND                  478032303      259 18655.212SH       SOLE                18655.212
</TABLE>


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