FORM 13F COVER PAGE
Report for the Quarter Ended: June 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
Name: Brown Capital Management, Inc.
Address: 809 Cathedral Street
Baltimore, MD 21201
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 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: Eddie C. Brown
Title: President
Phone: 410-837-3234
Signature, Place, and Date of Signing:
Eddie C. Brown Baltimore, MD March 31, 199
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.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: NA
Form 13F information Table Entry Total: 168
Form 13F Information Table Value Total: $4,647,875
List of Other Included Managers: NA
No. 13F File Number Name
NA NA NA
<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>
ADC Telecommunications com 000886101 72865 1599225.00SH
SOLE 657000.00 942225.00
AFLAC, Inc. com 001055102 86570 1808243.00SH
SOLE 713523.00 94400.001000320.00
Ace Limited com 2008853 1328 47000.00 SH SOLE
47000.00 47000.00
Acxiom Corporation com 005125109 17987 721300.00SH
SOLE 641800.00 79500.00
Acxiom Corporation com 005125109 76440 3065266.00SH
SOLE 1200586.00155500.001709180.00
Advent Software com 007974108 28924 431700.00SH
SOLE 399200.00 32500.00
Advent Software Inc. com 007974108 5152 76900.00 SH
SOLE 76900.00
Affymetrix Inc. com 00826T108 10537 213400.00SH
SOLE 189900.00 23500.00
Altera Corporation com 021441100 9336 253600.00SH
SOLE 58600.00 195000.00
Alza com 022615108 19938 391900.00SH SOLE
352100.00 39800.00
Alza com 022615108 88250 1734639.00SH SOLE
681884.00 1052755.00
American Software A com 029683109 10101 2276300.00SH
SOLE 2008000.00 268300.00
American Tel & Tel com 001957109 47443 850041.00SH
SOLE 364593.00 31300.00454148.00
Ameritech com 030954101 948 12900.00 SH SOLE
12900.00
Applied Analytical Inds. Inc. com 037939105 10140 901300.00SH
SOLE 845400.00 55900.00
Applied Digital Access, Inc. com 038181103 2156 479100.00SH
SOLE 459800.00 19300.00
Autozone Inc. com 053332102 25437 844370.00SH
SOLE 313790.00 53100.00477480.00
BMC Software com 055921100 26637 493284.45SH
SOLE 465304.00 27980.45
BMC Software com 055921100 148527 2750504.00SH
SOLE 1059600.00134200.001556704.00
BP Amoco com 055622104 1375 12669.00 SH
SOLE 12669.00
Ballard Medical Product com 058566100 11372 487815.00SH
SOLE 454215.00 33600.00
Bank of America Corp com 060505104 71856 980132.00SH
SOLE 404950.00 54000.00521182.00
Best Software Inc. com 086579109 16338 1013200.00SH
SOLE 936700.00 76500.00
Biomet com 090613100 4468 112400.00SH SOLE
107100.00 5300.00
Biomet com 090613100 4757 119663.00SH SOLE
48263.00 71400.00
Bioreliance Corp. com 090951104 4995 768500.00SH
SOLE 701100.00 67400.00
Bisys com 055472104 23357 399260.00SH SOLE
364260.00 35000.00
Boston Scientific Corp com 101137107 16740 381000.00SH
SOLE 144800.00236200.00
CFI Proservices com 12525N100 7579 673700.00SH
SOLE 622900.00 50800.00
Cardinal Health Inc. com 14149Y108 138559 2160765.75SH
SOLE 839345.75 96300.001225120.00
Carnival Corp CL A com 143658102 107560 2217725.00SH
SOLE 955800.00 1261925.00
Catalina Marketing com 148867104 7259 78900.00 SH
SOLE 76300.00 2600.00
Catalina Marketing com 148867104 12393 134710.00SH
SOLE 44010.00 90700.00
Cerner com 156782104 11921 568505.00SH SOLE
529905.00 38600.00
Chase Manhattan Bank com 16161A108 72657 839960.00SH
SOLE 347004.00 46800.00446156.00
Cheesecake Factory com 163072101 21599 708149.00SH
SOLE 626499.00 81650.00
Cheesecake Factory com 163072101 449 14730.00 SH
SOLE 14730.00
Chirex, Inc. com 170038103 17694 550800.00SH
SOLE 500500.00 50300.00
Cintas Corp. com 172908105 6450 96000.00 SH SOLE
35000.00 61000.00
Cisco Systems com 17275R102 4632 71888.00 SH
SOLE 4200.00 34800.00 32888.00
Citigroup, Inc. com 172967101 62103 1307433.00SH
SOLE 579825.00 727608.00
Coca-Cola com 191216100 388 6255.00 SH SOLE
6255.00
Cognex Corp com 192422103 20768 658004.00SH
SOLE 611204.00 46800.00
Compaq com 204493100 18596 785075.00SH
SOLE 300400.00115800.00368875.00
Compuware Corp. com 205638109 19412 610200.00SH
SOLE 68000.00120400.00421800.00
Concord Communications Inc. com 206186108 10732 238500.00SH
SOLE 224500.00 14000.00
Covance Inc com 222816100 8984 375300.00SH
SOLE 99700.00 275600.00
Danaher com 235851102 30320 521630.00SH
SOLE 221470.00 300160.00
Datastream Systems, Inc com 238124101 28000 1750000.00SH
SOLE 1611200.00 138800.00
Dendrite Intl Inc. com 248239105 28813 797600.00SH
SOLE 765300.00 32300.00
Diagnostic Products com 252450101 22887 828500.00SH
SOLE 761600.00 66900.00
Dial Corp. com 25247d101 8073 217100.00SH SOLE
217100.00
Disney, Walt com 254687106 347 11263.00 SH SOLE
120.00 11143.00
Dollar General Corp. com 256669102 106244 3663576.28SH
SOLE 1421440.16189362.002052774.12
Dollar Tree Stores com 256747106 6776 154000.00SH
SOLE 154000.00
EMC Corporation com 268648102 77601 1410928.00SH
SOLE 561068.00 74740.00775120.00
Equifax Inc. com 294429105 70969 1988631.00SH
SOLE 816360.00 1172271.00
Exxon com 302290101 669 8680.00 SH SOLE
56.00 8624.00
Fair Issac & Co com 303250104 22345 637300.00SH
SOLE 590200.00 47100.00
Fastenal com 311900104 8332 158900.00SH SOLE
142900.00 16000.00
Fastenal com 311900104 78954 1505675.00SH
SOLE 609000.00 92000.00804675.00
FiServ com 337738108 41467 1324300.00SH SOLE
490099.00 61200.00773001.00
Flow International Corp com 343468104 14618 1352000.00SH
SOLE 1244900.00 107100.00
Franklin Resources Inc. com 354613101 26161 643951.00SH
SOLE 101800.00105000.00437151.00
G & K Services CL A com 361268105 9318 177900.00SH
SOLE 56000.00 121900.00
GTE Corp. com 362320103 871 11539.00 SH SOLE
11539.00
General Electric com 369604103 93502 827450.00SH
SOLE 345700.00 481750.00
General Growth Properties Inc. com 370021107 794 22375.00 SH
SOLE 22375.00
Gillette Co com 375766102 45093 1099825.00SH
SOLE 461100.00 63100.00575625.00
Guidant Corp. com 401698105 55427 1084150.00SH
SOLE 463000.00 62500.00558650.00
HCR Manor Care Inc com 404134108 60947 2519773.00SH
SOLE 1016144.00 1503629.00
Harbinger Corp. com 41145c103 14825 1186000.00SH
SOLE 1099000.00 87000.00
Harley-Davidson com 412822108 70910 1304090.00SH
SOLE 495700.00 64700.00743690.00
Health Care Properties com 421915109 341 11825.00 SH
SOLE 11825.00
Health Management Associates com 421933102 62267
5534861.00SH SOLE 2033225.00274025.003227611.00
Healthworld Corp. com 42222e103 4985 443100.00SH
SOLE 420200.00 22900.00
Home Depot, Inc. com 437076102 58564 908844.00SH
SOLE 351400.00 58900.00498544.00
Human Genome Sciences com 444903108 2757 69800.00 SH
SOLE 65100.00 4700.00
Hyperion Solutions Corp. com 44914m104 7333 411658.00SH
SOLE 380823.00 30835.00
Illinois Tool Works com 452308109 68077 832750.00SH
SOLE 312050.00 74300.00446400.00
Incyte Pharm Inc. com 45337C102 5607 212100.00SH
SOLE 195400.00 16700.00
Infousa Inc. Cl A com 456818202 6537 736600.00SH
SOLE 676400.00 60200.00
Infousa Inc. Cl B com 456818103 6233 733300.00SH
SOLE 671900.00 61400.00
Intel Corp. com 458140100 4135 69500.00 SH SOLE
3300.00 49100.00 17100.00
Interim Services Inc. com 45868p100 6934 336200.00SH
SOLE 26800.00 309400.00
International Business Machine com 459200101 149856
1159424.00SH SOLE 467250.00 65400.00626774.00
Johnson & Johnson com 478160104 51603 526561.00SH
SOLE 214300.00 29100.00283161.00
Juno Lighting com 482047107 14029 572618.00SH
SOLE 536218.00 36400.00
Keane Inc. com 486665102 9487 419300.00SH
SOLE 419300.00
Kendle International Inc. com 48880l107 11029 689300.00SH
SOLE 642600.00 46700.00
Kohl's Corp. com 500255104 1783 23200.00 SH SOLE
23200.00
Legg Mason Inc. com 524901105 11180 290400.00SH
SOLE 43000.00 247400.00
Lucent Technologies Inc com 549463107 84972 1260008.00SH
SOLE 525400.00 70400.00664208.00
MBNA Corp. com 55262L100 1339 43731.00 SH
SOLE 43731.00
MCI Worldcom Inc com 55268B106 78251 909235.00SH
SOLE 382250.00 43900.00483085.00
Manugistics Group Inc. com 565011103 9828 677800.00SH
SOLE 616700.00 61100.00
Mapics, Inc. com 564910107 5071 480100.00SH
SOLE 450800.00 29300.00
Marcam Solutions com 56614A107 2019 270350.00SH
SOLE 255700.00 14650.00
Medialink Worldwide Inc com 58445p105 14107 881700.00SH
SOLE 815079.00 66621.00
Medtronic com 585055106 14461 185700.00SH
SOLE 5300.00 54000.00126400.00
Mellon Bank com 585509102 83195 2287150.00SH
SOLE 959000.00136600.001191550.00
Merck & Company com 589331107 122604 1665243.00SH
SOLE 689688.00 68700.00906855.00
Microsoft com 594918104 116909 1296284.00SH
SOLE 496500.00 87200.00712584.00
Network Associates Inc. com 640938106 2941 200269.00SH
SOLE 180208.00 20061.00
Network Associates Inc. com 640938106 53132 3617482.00SH
SOLE 1424989.00 2192493.00
Newell Rubbermaid Inc. com 651229106 125137 2698367.00SH
SOLE 1060222.00134700.001503445.00
Nortel Networks com 656569100 5987 68965.00 SH
SOLE 4120.00 64845.00
Office Depot com 676220106 4410 199900.00SH
SOLE 199900.00
Omnicare Inc. com 681904108 4167 330077.00SH
SOLE 55477.00 274600.00
PE Corp Celera Genomics Grp com 69332s201 3924 242426.00SH
SOLE 93174.00 149252.00
PE Corp-PE Biosystems Group com 69332s102 57396
500180.00SH SOLE 201150.00 299030.00
Pall Corp com 696429307 233 10500.00 SH SOLE
10500.00
Panera Bread Company com 69840w108 11116 1743750.00SH
SOLE 1541750.00 202000.00
Parametric Technology Corp com 699173100 10133 730300.00SH
SOLE 237700.00492600.00
Paychex, Inc com 704326107 22147 694817.00SH
SOLE 186192.00185850.00322775.00
Paychex, Inc. com 704326107 6818 213903.00SH
SOLE 191695.00 22208.00
Pharmacopeia Inc. com 71713B104 10145 901800.00SH
SOLE 834300.00 67500.00
Philip Morris Companies Inc. com 718154107 468 11648.00 SH
SOLE 161.00 11487.00
Post Properties Inc com 737464107 301 7350.00 SH
SOLE 7350.00
Post Properties, Inc. com 737464107 12027 293332.00SH
SOLE 289532.00 3800.00
Price, T. Rowe com 741477103 10607 276400.00SH
SOLE 266000.00 10400.00
Price, T. Rowe com 741477103 126092 3285778.00SH
SOLE 1316628.00163800.001805350.00
QRS Corp. com 74726x105 14563 186700.00SH
SOLE 163400.00 23300.00
Quintiles Transnational com 748767100 8816 209900.00SH
SOLE 196500.00 13400.00
Quintiles Transnational CP com 748767100 9213 219350.00SH
SOLE 83350.00 136000.00
Radisys Corp. com 750459109 18839 484600.00SH
SOLE 447300.00 37300.00
Robert Half Intl Inc. com 770323103 38358 1486020.00SH
SOLE 532250.00 85600.00868170.00
Rouse Company com 779273101 1320 52015.00 SH
SOLE 52015.00
Royal Dutch com 780257705 301 5000.00 SH SOLE
5000.00
SBC Communications com 78387G103 978 16864.00 SH
SOLE 16864.00
SLM Holdings com 78442a109 123313 2691695.00SH
SOLE 1039800.00140400.001511495.00
SPSS Inc. com 78462K102 20203 786500.00SH
SOLE 717500.00 69000.00
Sanmina Corp com 800907107 21427 282400.00SH
SOLE 269000.00 13400.00
Sanmina Corp com 800907107 9229 121636.00SH
SOLE 53336.00 68300.00
Schlumberger, Ltd. com 806857108 68636 1077700.00SH
SOLE 480300.00 597400.00
Smith International, Inc com 832110100 2198 50600.00 SH
SOLE 21100.00 29500.00
Solectron Corp. (Del) com 834182107 47955 719107.00SH
SOLE 299832.00 36100.00383175.00
St. Jude Medical com 790849103 3406 95600.00 SH
SOLE 95600.00
Staples Inc. com 855030102 51326 1659011.00SH
SOLE 659275.00 91050.00908686.00
State Street Boston Corp com 857473102 4713 55200.00 SH
SOLE 55200.00
Sterling Commerce com 859205106 73005 1986519.01SH
SOLE 809394.00 92700.001084425.01
Sterling Software com 859547101 83246 3148775.00SH
SOLE 1197350.00180400.001771025.00
Structural Dynamics com 863555108 14938 804731.00SH
SOLE 732631.00 72100.00
Sylvan Learning Center com 871399101 55836 2053725.00SH
SOLE 794950.00107600.001151175.00
Synbiotics Corp. com 871566105 1308 332100.00SH
SOLE 305200.00 26900.00
Synthetech Inc. com 87162E100 6479 1191500.00SH
SOLE 1093200.00 98300.00
Techne Corp com 878377100 24644 971200.00SH
SOLE 891800.00 79400.00
Tellabs com 879664100 101604 1503850.00SH
SOLE 606600.00 82400.00814850.00
Time Warner com 887315109 497 6840.00 SH SOLE
6840.00
Tripos Inc. com 896928108 4422 536000.00SH SOLE
471800.00 64200.00
Warner Lambert Co. com 934488107 1915 27700.00 SH
SOLE 27700.00
csusaan com 1918 87700.00 SH SOLE
87700.00 87700.00
csuspap com 653 67800.00 SH SOLE
67800.00 67800.00
ABB Participation AG - Bearer com 5273001 1052 711.00 SH
SOLE 711.00 700.00
Allied Zurich com 0287579 2450 195100.00SH SOLE
195100.00 193500.00
British Airways com 0129057 1395 201800.00SH SOLE
201800.00 200400.00
AXA China Region com 6626723 11 14000.00 SH
SOLE 14000.00
Esprit Holdings Limited com 6321642 10 14000.00 SH
SOLE 14000.00
Banco Itau SA com 2459581 411 800.00 SH SOLE
800.00 800.00
Cemex SA com 2182939 1482 299800.00SH
SOLE 299800.00 297000.00
Goodman Fielder com 6336549 14 16100.00 SH
SOLE 16100.00
Stock Performance Index Future if 861991982 13727 81927.7890SH
SOLE 81927.7890
Nottingham Invest. Tr.-II BCM 66976M409 2835 120116.475SH
SOLE 26532.071 93584.404
Addidas-Salomon AG com 4031976 1578 15900.00 SH
SOLE 15900.00 15700.00
Akzo Nobel NV com 5458314 1957 46500.00 SH
SOLE 46500.00 46000.00
Alcatel com 4216825 1746 12400.00 SH SOLE
12400.00 12400.00
Alstom com 5474978 1673 53200.00 SH SOLE
53200.00 53200.00
BASF AG com 5086577 1631 36900.00 SH SOLE
36900.00 36900.00
</TABLE>
