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Schedule 13G/A
(12/31/98)
Under the Securities Exchange Act of 1934
Amendment No 1
NAME OF ISSUER
Golf Trust of America
TITLE OF CLASS SECURITIES
Common Stock
CUSIP
38168B10
Amended Filing
______________________________________________________________________________
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Item 1: REPORTING PERSONS
Wall Street Assoicates
Tax ID# 33-0238287
Item 2: Not Applicable
Item 3:
Item 4: CITIZENSHIP
A California Corporation
ITEM 5: SOLE VOTING POWER
267,300.00
ITEM 6: SHARED VOTING POWER
0.00
ITEM 7: SOLE DISPOSITIVE POWER
428,200.00
ITEM 8: SHARED DISPOSITIVE POWER
0.00
ITEM 9: AGGREGATE AMOUNT BENEFICIALLY OWNED
428,200.00
ITEM 10: AGGRETATE AMOUNT EXCLUDES CERTAIN SHARES
n/a
ITEM 11: PERCENT OF CLASS REPRESENTED BY LINE 9
5.610
ITEM 12: TYPE OF REPORTING PERSON
IA
______________________________________________________________________________
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ITEM 1(A) NAME OF ISSUER
Golf Trust of America
ITEM 1(B) ADDRESS OF ISSUER
Scott Peters, CFO
14 N. Adger's Warf
Charleston, SC 29401
ITEM 2(A) NAME OF PERSON FILING
Wall Street Associates
ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE
1200 Prospect Street
Suite 100
La Jolla, CA 92037
ITEM 2(C) CITIZENSHIP
A California Corporation
ITEM 2(D) TITLE OF CLASS OF SECURITIES
Common Stock
ITEM 2(E) CUSIP NUMBER
38168B10
ITEM 3 This statement is filed pursuant to Rule 13d-1 (b) or 13d-2
and the person filing is an Investment Advisor registered
under the section 203 of the Investment Advisers Act of 1940.
_____________________________________________________________________________
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ITEM 4 OWNERSHIP
ITEM 4(a) AMOUNT BENEFICIALLY OWNED
428,200.00
ITEM 4(b) PERCENT OF CLASS
5.61
ITEM 4(c)(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE:
267,300.00
(ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE:
0.00
(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF:
428,200.00
(IV) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF:
0.00
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that
as of 12/31/98 the reporting person has ceased to be the
beneficial owner of more than five percent of the class
of securities, check the following { }
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON
All Securities reported in this schedule are or have been
owned by advisory clients of Wall Street Associates. Wall
Street Associates disclaims direct beneficial ownership of
all such securities. Each client has the right to receive
dividends, and/or proceeds from the sale of securities.
To the knowledge and information available to Wall Street
Associates at the date of this filing, the advisor acknow-
ledges that no one client has an interest in 5% or more of
the securities identified hereinabove.
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
Not Applicable
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBER OF THE GROUP:
Not Applicable
ITEM 9 NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
ITEM 10 CERTIFICATION:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired
in the ordinary course of business and were not acquried
for the purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities
and were not acquired in connection with or as a participant
in any transaction having such puposes or effect
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Date: February 04, 1999
WALL STREET ASSOCIATES
A California Corporation
William L. Prince
Vice President - Compliance
