GOUWS CAPITAL MANAGEMENT INC
13F-HR, 1999-08-13
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			UNITED STATES
		SECURITY AND EXCHANGE COMMISSION
		   Washington, D.C. 20549

			FORM 13F

		  FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: June 30, 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:    Gouws Capital Management, Inc.
Address: 511 Congress Street
         9th Floor
         Portland, ME 04101

13F File Number:

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
required items, statements, schedules, lists, and tables, are considered
integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name: Frank E. Kemna
Title:Senior Vice President
Phone:207-774-3333
Signature, Place, and Date of Signing:
Frank E. Kemna   Portland, Maine  August 12, 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 AND EXCHANGE
ACT OF 1934.
<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>
AT&T Corporation               COM              001957109     1198    21473 SH       SOLE                     3583             17890
Abbott Laboratories            COM              002824100      510    11235 SH       SOLE                     1435              9800
Air Products & Chemicals       COM              009158106      507    12600 SH       SOLE                                      12600
Allied-Signal Inc.             COM              019512102      770    12225 SH       SOLE                                      12225
American Electric Power Inc.   COM              025537101      519    13820 SH       SOLE                     2939             10881
American Greetings Class A     COM              026375105     6382   211862 SH       SOLE                    61988            149874
                                                                51     1700 SH       OTHER                                      1700
American Home Products         COM              026609107     1375    23970 SH       SOLE                    10000             13970
American International Group I COM              026874107     1320    11254 SH       SOLE                     5668              5586
Ameritech (Am. Infor. Technolo COM              030954101      281     3820 SH       SOLE                     1180              2640
Anheuser-Busch                 COM              035229103      330     4650 SH       SOLE                      400              4250
Aon Corporation                COM              037389103     1018    24686 SH       SOLE                     2662             22024
Aptagroup Inc                  COM              038336103      240     8000 SH       SOLE                                       8000
Atlantic Richfield Co.         COM              048825103      983    11767 SH       SOLE                     3800              7967
Automatic Data Processing Inc. COM              053015103     1331    30258 SH       SOLE                                      30258
BP Amoco PLC - Spons ADR       COM              055622104     5042    46467 SH       SOLE                    12452             34015
                                                               109     1000 SH       OTHER                                      1000
Banc One Corp.                 COM              06423a103      238     3992 SH       SOLE                      550              3442
Bank of America Corp.          COM              060505104     4346    59281 SH       SOLE                    19014             40267
                                                                51      700 SH       OTHER                                       700
Banta Corp                     COM              066821109      201     9550 SH       SOLE                                       9550
Bard, C.R. Inc.                COM              067383109     3118    65214 SH       SOLE                    21910             43304
                                                                36      750 SH       OTHER                                       750
Battle Mountain Gold Co.       COM              071593107       86    35080 SH       SOLE                       20             35060
Becton Dickinson               COM              075887109      225     7500 SH       SOLE                                       7500
Bell Atlantic Corporation      COM              077853109      615     9402 SH       SOLE                     4146              5256
Bellsouth Corporation          COM              079860102     4364    94609 SH       SOLE                    24793             69816
                                                               185     4000 SH       OTHER                                      4000
Berkshire Hathaway Cl B        COM              084670207      482      215 SH       SOLE                       26               189
Bestfoods                      COM              08658u101      582    11750 SH       SOLE                      150             11600
Boeing                         COM              097023105     4427   100612 SH       SOLE                    28759             71853
                                                                44     1000 SH       OTHER                                      1000
Bristol-Myers Squibb Co.       COM              110122108     2415    34288 SH       SOLE                     7500             26788
Browning Ferris                COM              115885105     4010    93245 SH       SOLE                    30255             62990
                                                                22      500 SH       OTHER                                       500
Burlington Northern Santa Fe C COM              12189T104     2944    94975 SH       SOLE                    29994             64981
                                                                31     1000 SH       OTHER                                      1000
Burlington Resources           COM              122014103     2651    61295 SH       SOLE                    19075             42220
                                                                30      700 SH       OTHER                                       700
CBRL Group Inc                 COM              12489v106     4340   250695 SH       SOLE                    79235            171460
Calgon Carbon Corp             COM              129603106     2516   423720 SH       SOLE                   144220            279500
                                                                30     5000 SH       OTHER                                      5000
Camden Property Trust          COM              133131102     2804   101040 SH       SOLE                    31070             69970
                                                                42     1500 SH       OTHER                                      1500
Chevron Corporation            COM              166751107     1152    12119 SH       SOLE                     4992              7127
Cisco Systems                  COM              17275R102     1365    21182 SH       SOLE                     1100             20082
Clayton Homes Inc.             COM              184190106     5114   447091 SH       SOLE                   154259            292832
                                                                50     4375 SH       OTHER                                      4375
Coca-Cola                      COM              191216100      796    12840 SH       SOLE                     6000              6840
Compaq Computer Corp.          COM              204493100     3973   167708 SH       SOLE                    50525            117183
                                                                47     2000 SH       OTHER                                      2000
Cone Mills Corp.               COM              206814105      162    27000 SH       SOLE                                      27000
Consolidated Natural Gas       COM              209615103     4146    68255 SH       SOLE                    23030             45225
Cooper Industries, Inc.        COM              216669101      873    16790 SH       SOLE                     1200             15590
Cooper Tire & Rubber Co.       COM              216831107     5175   219034 SH       SOLE                    67693            151341
                                                                47     2000 SH       OTHER                                      2000
Cyprus Amax Minerals Corporati COM              232809103     3675   241010 SH       SOLE                    85143            155867
                                                                38     2500 SH       OTHER                                      2500
Dayton Hudson                  COM              239753106      260     4000 SH       SOLE                      300              3700
Deluxe Corporation             COM              248019101     1577    40626 SH       SOLE                     9435             31191
Diebold Inc.                   COM              253651103     3233   112460 SH       SOLE                    35680             76780
                                                                40     1400 SH       OTHER                                      1400
Dillards Inc.  Class A         COM              254067101     3304    94065 SH       SOLE                    30975             63090
                                                                42     1200 SH       OTHER                                      1200
Disney, Walt Company           COM              254687106      527    17088 SH       SOLE                     1200             15888
Dole Food Inc.                 COM              256605106     2435    82890 SH       SOLE                    26650             56240
                                                                29     1000 SH       OTHER                                      1000
Donnelley, R.R. & Sons         COM              257867101     1556    41995 SH       SOLE                    15130             26865
Dow Chemical                   COM              260543103      666     5248 SH       SOLE                     1450              3798
Dupont E.I. De Nemour          COM              263534109      922    13492 SH       SOLE                     1700             11792
EMC Corporation                COM              268648102      330     6000 SH       SOLE                                       6000
Eastern Enterprises            COM              27637F100     5109   128520 SH       SOLE                    37462             91058
                                                                80     2000 SH       OTHER                                      2000
Eastman Kodak Company          COM              277461109      897    13238 SH       SOLE                     4550              8688
                                                                54      800 SH       OTHER                                       800
Electronic Data Systems        COM              285661104     2964    52340 SH       SOLE                    16880             35460
                                                                57     1000 SH       OTHER                                      1000
Elite Information Group Inc.   COM              28659m106       71    13234 SH       SOLE                                      13234
Emerson Electric Company       COM              291011104     1764    28030 SH       SOLE                    10600             17430
Enesco Group Inc.              COM              292973104     4477   193613 SH       SOLE                    60125            133488
                                                                61     2650 SH       OTHER                                      2650
Enron Corp.                    COM              293561106      270     3300 SH       SOLE                                       3300
Enron Oil & Gas                COM              293562104     4967   245272 SH       SOLE                    72408            172864
                                                                61     3000 SH       OTHER                                      3000
Exxon Corporation              COM              302290101     5643    73173 SH       SOLE                    24511             48662
FNMA                           COM              313586109      328     4800 SH       SOLE                      400              4400
Fleet Financial Group, Inc.    COM              338915101      765    17238 SH       SOLE                    14240              2998
Fluor Corporation              COM              343861100     6229   153812 SH       SOLE                    51714            102098
Ford Motor                     COM              345370100      269     4760 SH       SOLE                                       4760
Franklin Resources             COM              354613101      207     5100 SH       SOLE                                       5100
GTE Corporation                COM              362320103     4213    55807 SH       SOLE                    19227             36580
Gannett Company                COM              364730101      694     9720 SH       SOLE                     9320               400
General Electric Company       COM              369604103    10071    89126 SH       SOLE                    19150             69976
General Mills, Inc.            COM              370334104      351     4370 SH       SOLE                      300              4070
Genuine Parts Company          COM              372460105     2145    61272 SH       SOLE                    13001             48271
                                                                53     1500 SH       OTHER                                      1500
Gerber Scientific              COM              373730100     3095   140282 SH       SOLE                    52837             87445
Gillette Company               COM              375766102      288     7030 SH       SOLE                      200              6830
Glatfelter, P.H. Co.           COM              377316104     4028   275421 SH       SOLE                    92420            183001
                                                                54     3670 SH       OTHER                                      3670
Golden West Financial Corp.    COM              381317106      895     9130 SH       SOLE                     2400              6730
Gorman-Rupp Company            COM              383082104      184    11125 SH       SOLE                     2200              8925
Great Lakes Chemical Corp.     COM              390568103     6977   151476 SH       SOLE                    51962             99514
                                                                51     1100 SH       OTHER                                      1100
HSB Group, Inc.                COM              40428n109     4851   117786 SH       SOLE                    35537             82249
                                                                62     1500 SH       OTHER                                      1500
Halliburton Company            COM              406216101     3394    74998 SH       SOLE                    23265             51733
                                                                32      700 SH       OTHER                                       700
Hancock Fabrics Inc.           COM              409900107      257    58675 SH       SOLE                    11875             46800
Heinz H. J. Co.                COM              423074103      342     6821 SH       SOLE                     4370              2451
Hewlett-Packard Company        COM              428236103     1324    13175 SH       SOLE                     8125              5050
Home Depot Inc.                COM              437076102      530     8230 SH       SOLE                                       8230
Homestake Mining Co.           COM              437614100     1204   147084 SH       SOLE                    62551             84533
IMS Health Inc.                COM              449934108     1290    41272 SH       SOLE                     9226             32046
                                                                23      750 SH       OTHER                                       750
Idexx Laboratories, Inc.       COM              45168D104      265    11375 SH       SOLE                       75             11300
Intel Corp.                    COM              458140100      998    16774 SH       SOLE                      600             16174
International Business Machine COM              459200101     6869    53148 SH       SOLE                    16624             36524
                                                               207     1600 SH       OTHER                                      1600
International Flavors & Fragra COM              459506101      271     6150 SH       SOLE                      150              6000
Johnson & Johnson              COM              478160104     1450    14797 SH       SOLE                     3150             11647
Keane Inc                      COM              486665102     2674   118180 SH       SOLE                    35595             82585
                                                                34     1500 SH       OTHER                                      1500
Lawson Products                COM              520776105     3746   148713 SH       SOLE                    43856            104857
                                                                50     2000 SH       OTHER                                      2000
Lilly, Eli & Company           COM              532457108      213     2975 SH       SOLE                      385              2590
Longview Fibre Company         COM              543213102      318    20335 SH       SOLE                     6970             13365
Lucent Technologies Inc.       COM              549463107     1746    25885 SH       SOLE                     3022             22863
MCI WorldCom Inc.              COM              55268b106      344     3998 SH       SOLE                      700              3298
MDU Resources Group Inc        COM              552690109      287    12562 SH       SOLE                     3562              9000
Mallinckrodt Inc.              COM              561232109     4455   122480 SH       SOLE                    42420             80060
                                                                55     1500 SH       OTHER                                      1500
Marsh & Mclennan               COM              571748102      244     3230 SH       SOLE                                       3230
Masco Corporation              COM              574599106      485    16800 SH       SOLE                                      16800
Mattel Inc.                    COM              577081102     2824   108101 SH       SOLE                    33315             74786
May Dept Stores                COM              577778103      509    12450 SH       SOLE                                      12450
McDonalds Corporation          COM              580135101      444    10800 SH       SOLE                      600             10200
McKesson HBOC Inc.             COM              58155q103     2564    79670 SH       SOLE                    24755             54915
                                                                32     1000 SH       OTHER                                      1000
Mercantile Bancorporation      COM              587342106     4167    72940 SH       SOLE                    22155             50785
                                                                46      800 SH       OTHER                                       800
Merck & Company Inc.           COM              589331107     8159   110817 SH       SOLE                    36760             74057
Microsoft                      COM              594918104     1297    14383 SH       SOLE                     1465             12918
Minnesota Mining & Manufacturi COM              604059105     1797    20665 SH       SOLE                     6479             14186
                                                                43      500 SH       OTHER                                       500
Mobil Corporation              COM              607059102     1485    15043 SH       SOLE                     3000             12043
Monsanto Company               COM              611662107      423    10700 SH       SOLE                     9150              1550
Morgan, J. P. & Company        COM              616880100     1045     7435 SH       SOLE                      450              6985
Motorola Inc.                  COM              620076109     7071    74623 SH       SOLE                    19913             54710
                                                                66      700 SH       OTHER                                       700
Nalco Chemical Company         COM              629853102     8620   166171 SH       SOLE                    54141            112030
                                                                78     1500 SH       OTHER                                      1500
National Fuel Gas Company      COM              636180101      455     9375 SH       SOLE                                       9375
National Presto Industries, In COM              637215104     3346    87490 SH       SOLE                    24638             62852
Nestle S. A. ADR               COM              641069406      213     2367 SH       SOLE                                       2367
New Century Energies Inc.      COM              64352u103     4459   114892 SH       SOLE                    35137             79755
                                                                78     2000 SH       OTHER                                      2000
Northern Trust Corp            COM              665859104      243     2500 SH       SOLE                                       2500
Occidental Petroleum Company   COM              674599105     1561    73905 SH       SOLE                    21152             52753
                                                                21     1000 SH       OTHER                                      1000
Pall Corp.                     COM              696429307     8687   391537 SH       SOLE                   124692            266845
                                                                67     3000 SH       OTHER                                      3000
Penney, J.C.                   COM              708160106     2345    48295 SH       SOLE                    12845             35450
Peoples Heritage Financial Gro COM              711147108      200    10630 SH       SOLE                     2000              8630
Pepsico                        COM              713448108      240     6200 SH       SOLE                      800              5400
Pfizer Inc.                    COM              717081103      577     5290 SH       SOLE                      460              4830
Phillips-Van Heusen            COM              718592108      164    16350 SH       SOLE                                      16350
Procter & Gamble Co.           COM              742718109     3405    38146 SH       SOLE                     8250             29896
Protein Polymer Technologies   COM              743697104        3    10000 SH       SOLE                                      10000
Questar Corporation            COM              748356102     4257   222570 SH       SOLE                    61350            161220
                                                                96     5000 SH       OTHER                                      5000
Quintiles Transnational Corp   COM              748767100     2832    67435 SH       SOLE                    21765             45670
Quorum Health Group Inc.       COM              749084109     3667   291929 SH       SOLE                    92455            199474
                                                                38     3000 SH       OTHER                                      3000
RPM, Inc. Ohio                 COM              749685103     3944   277988 SH       SOLE                    83303            194685
                                                                43     3000 SH       OTHER                                      3000
Raytheon Company Class B       COM              755111408     6017    85350 SH       SOLE                    26595             58755
                                                                56      800 SH       OTHER                                       800
Reuters Group PLC - Spons ADR  COM              76132m102      604     7452 SH       SOLE                                       7452
Royal Dutch Petroleum          COM              780257804      761    12624 SH       SOLE                     3950              8674
SBC Communications Inc.        COM              78387G103     1026    17696 SH       SOLE                     5197             12499
Safeco                         COM              786429100     3161    71636 SH       SOLE                    22565             49071
                                                                44     1000 SH       OTHER                                      1000
Schering-Plough                COM              806605101      736    14020 SH       SOLE                     8700              5320
Schlumberger Ltd.              COM              806857108      592     9300 SH       SOLE                      800              8500
Schulman, A. Inc.              COM              808194104     3470   201902 SH       SOLE                    63505            138397
                                                                43     2500 SH       OTHER                                      2500
South Jersey Industries        COM              838518108     3051   107766 SH       SOLE                    38306             69460
                                                                57     2000 SH       OTHER                                      2000
Sunoco, Inc.                   COM              86764p109     6123   202817 SH       SOLE                    61248            141569
                                                                72     2374 SH       OTHER                                      2374
Tidewater Inc.                 COM              886423102     6039   197986 SH       SOLE                    62290            135696
                                                                49     1600 SH       OTHER                                      1600
Toys R Us                      COM              892335100     3101   149887 SH       SOLE                    47190            102697
                                                                41     2000 SH       OTHER                                      2000
Tyco Laboratories              COM              902120104      417     4400 SH       SOLE                                       4400
US West Inc                    COM              91273h101      650    11059 SH       SOLE                     2160              8899
Union Pacific Corporation      COM              907818108      622    10671 SH       SOLE                     6648              4023
United Technologies Corp.      COM              913017109      684     9500 SH       SOLE                     8000              1500
UnumProvident Corp             COM              91529y106     3992    72908 SH       SOLE                    22345             50563
                                                                44      800 SH       OTHER                                       800
Vodafone Airtouch PLC          COM              92857T107      206     1044 SH       SOLE                                       1044
W. W. Grainger Inc.            COM              384802104      431     8000 SH       SOLE                                       8000
Wachovia Corporation           COM              929771103      513     6000 SH       SOLE                                       6000
Wausau - Mosinee Paper Corp.   COM              943315101      572    31760 SH       SOLE                    22470              9290
Weingarten Realty Invst        COM              948741103     1169    28005 SH       SOLE                     3190             24815
Wells Fargo Co.                COM              949746101      489    11450 SH       SOLE                                      11450
West Marine                    COM              954235107      151    10350 SH       SOLE                                      10350
Alcoa, Inc                     UN COM           013817101      478     7728 SH       SOLE                                       7728
BankBoston Corporation         UN COM           06605r106      383     7500 SH       SOLE                      500              7000
Cisco Sys Inc                  UN COM           17275R102      217     3370 SH       SOLE                                       3370
Ikon Office Solutions, Inc.    UN COM           451713101      365    24314 SH       SOLE                                      24314
Longview Fibre Co              UN COM           543213102      269    17225 SH       SOLE                                      17225
Minnesota Mng & Mfg Co         UN COM           604059105     3043    35000 SH       SOLE                                      35000
Pfizer Inc                     UN COM           717081103      236     2168 SH       SOLE                                       2168
Promedco Management Company    UN COM           74342l105      253    65870 SH       SOLE                                      65870
Royal Dutch Pete Co -NY  Reg S UN COM           780257705      205     3400 SH       SOLE                                       3400
Sprint Corp                    UN COM           852061100     1923    36280 SH       SOLE                                      36280
Sprint Corp (PCS Group)        UN COM           852061506      517     9070 SH       SOLE                                       9070
Westbank Corp                  UN COM           957116106      556    53575 SH       SOLE                                      53575
Equity Income Fund (at&t)      MF               294700703      249 1200.000 SH       SOLE                                   1200.000
Northern Institutional Equity  MF               665278529     3606 143766.563SH      SOLE               114180.642         29585.921
Schwab International Index Fun MF               808509103      261 16349.029SH       SOLE                16349.029
Northern Institutional Equity  UN MF            665278529      861 34327.823SH       SOLE                31413.142          2914.681
T Rowe Price Science & Technol UN MF            77957m102      470 9540.310 SH       SOLE                                   9540.310
Roycefield Res Ltd Com                          780914107       40   238095 SH       SOLE                   238095
</TABLE>



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