<PAGE> PAGE 1
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013 B010001 LOS ANGELES
013 B020001 CA
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015 A000001 THE CHASE MANHATTAN BANK, N.A.
015 B000001 C
<PAGE> PAGE 2
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10081
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015 A000002 THE CHASE MANHATTAN BANK AUSTRALIA LIMITED
015 B000002 S
015 C010002 SYDNEY
015 D010002 AUSTRALIA
015 D020002 2000
015 E040002 X
015 A000003 CREDITANSTALT-BANKVEREIN
015 B000003 S
015 C010003 VIENNA
015 D010003 AUSTRIA
015 D020003 A-14011
015 E040003 X
015 A000004 STANDARD CHARTERED BANK
015 B000004 S
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015 D010004 BANGLADESH
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015 E040004 X
015 A000005 GENERALE BANK
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015 E040005 X
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<PAGE> PAGE 3
015 C010010 SANTAFE DE BOGOTA,DC
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<PAGE> PAGE 4
015 D010019 JORDAN
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<PAGE> PAGE 5
015 D020028 81563
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
015 E040055 X
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<PAGE> PAGE 9
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<PAGE> PAGE 10
020 A000006 D.S. PURBHOODAS AND COMPANY
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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SIGNATURE ROBERTA A. CONROY
TITLE SR.VP & SEC.
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<MULTIPLIER> 1000
<S> <C>
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<PER-SHARE-DIVIDEND> 1.79
<PER-SHARE-DISTRIBUTIONS> 1.02
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 70.87
<EXPENSE-RATIO> .008
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
For period ending 06/30/97
File number 811 - 4692
77 C. Matters submitted to a vote of security holders
a. Meeting of shareholders - June 27, 1997
b. Nancy Englander Helmut Mader
David I. Fisher Teresa E. Martini
Khalil Foulathi John G. McDonald
Beverly L. Hamilton William Robinson
Raymond Kanner Patricia A. Small
Marinus W. Keijzer Walter P. Stern
Hugh G. Lynch Shaw B. Wagener
c. Approval or disapproval of an increase in the authorized
capital stock of the fund from 200 million shares to 400
million shares.
Votes: Affirmative Negative Abstain
145,269,060.523 1,802,236.104 8,715.777
d. Approval or disapproval to convert the Fund from
close-end fund to an open-end, "interval fund" status.
Votes: Affirmative Negative Abstain
145,036,269.062 1,548,784.920 494,958.422
e. Approval or disapproval to amend the Articles of
Incorporation of the Fund to reflect the
ability of the Board of Directors to increase or
decrease the authorized capital stock of the Fund.
Votes: Affirmative Negative Abstain
138,466,610.096 8,118,443.886 494,958.422
f. Approval or disapproval to amend certain provisions
regarding the redeemability of the Fund's shares in the
Articles of Incorporation, reflecting the ability of the
Board of Directors to set standards, from time to time,
applicable to the redemption of Fund shares.
Votes: Affirmative Negative Abstain
146,206,067.667 378,986.315 494,958.422
g. Approval or disapproval to amend investment policy to
permit the Fund to borrow from a bank for
temporary or emergency purposes in amounts not exceeding
5% of its assets, based on current value,
and amending the By-laws of the Fund to reflect such
amendment.
Votes: Affirmative Negative Abstain
145,948,785.840 378,986.315 752,240.249
h. Approval or disapproval to terminate the existing
shareholders' agreement, and amend the Articles of
Incorporation by incorporating the restrictions on the
transferability of shares currently provided
under the Fund's shareholder's agreement.
Votes: Affirmative Negative Abstain
144,673,075.021 1,708,641.375 698,296.008
i. Ratification or rejection of the selection by the Board
of Directors of Price Waterhouse LLP as
independent public accountants of the Fund for the
fiscal year 1997.
Votes: Affirmative Negative Abstain
147,077,803.278 0.000 2,209.126
77. D Policies with respect to security investment.
On June 27, 1997 the Fund's Shareholders voted for the approval
of a proposal to amend investment policy to permit the Fund to
borrow from a bank for temporary or emergency purposes in amounts
not exceeding 5% of its assets, based on current value, and
amending the By-laws of the Fund to reflect such amendment.
For period ending (a) 06/30/97
File number (c) 811- 4692
SIGNATURE PAGE
This report is signed on behalf of the registrant.
City of: Los Angeles State of: California Date: August 28, 1997
Name of Registrant, Depositor,
or Trustee: Emerging Markets Growth Fund, Inc.
By /s/Nancy Englander Witness /s/ Roberta A. Conroy
Nancy Englander Roberta A. Conroy
President Senior Vice President
& Secretary
August 12, 1997
To the Shareholders and
Board of Directors of
Emerging Markets Growth Fund, Inc.
In planning and performing our audit of the financial statements
of Emerging Markets Growth Fund, Inc. for the year ended June 30,
1997, we considered its internal control, including control
activities for safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of
Form N-SAR, not to provide assurance on internal control.
The management of Emerging Markets Growth Fund, Inc. is
responsible for establishing and maintaining internal control.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of control activities. Generally, control
activities that are relevant to an audit pertain to the entity's
objective of preparing financial statements for external purposes
that are fairly presented in conformity with generally accepted
accounting principles. Those control activities include the
safeguarding of assets against unauthorized acquisition, use or
disposition.
Because of inherent limitations in internal control, errors or
irregularities may occur and not be detected. Also, projection
of any evaluation of internal control to future periods is
subject to the risk that it may become inadequate because of
changes in conditions or that the effectiveness of the design and
operation may deteriorate.
Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weakness under standards established by the American Institute of
Certified Public Accountants. A material weakness is a condition
in which the design or operation of any specific internal control
components does not reduce to a relatively low level the risk
that errors or irregularities in amounts that would be material
in relation to the financial statements being audited may occur
and not be detected within a timely period by employees in the
normal course of performing their assigned functions. However,
we noted no matters involving internal control, including control
activities for safeguarding securities, that we consider to be
material weaknesses as defined above as of June 30, 1997.
This report is intended solely for the information and use of
management and the Securities and Exchange Commission.
/s/PRICE WATERHOUSE
