FORM 13F COVER PAGE
Report for the Quarter Ended: March 31, 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, 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
EXCHANGE ACT OF 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: NA
Form 13F information Table Entry Total: 146
Form 13F Information Table Value Total: $4,295,393
List of Other Included Managers: NA
No. 13F File Number Name
NA NA NA
<TABLE>
VALUE SHARES/ SH/ PUT/ INVSTMT
- -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN
AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
<C> <C>
D ABR Informantion Services com 00077R108 24124
1388450.00SH SOLE 1270760.00 117690.00
D ADC Telecommunications com 000886101 80288
1683625.00SH SOLE 687200.00 996425.00
D AFLAC, Inc. com 001055102 103483 1900943.00SH
SOLE 748323.00 94400.001058220.00
D Acxiom Corporation com 005125109 19141 722300.00SH
SOLE 641800.00 80500.00
D Acxiom Corporation com 005125109 86410 3260766.00SH
SOLE 1397586.00155500.001707680.00
D Advent Software com 007974108 21340 426800.00SH
SOLE 392500.00 34300.00
D Affymetrix Inc. com 00826T108 5065 145500.00SH
SOLE 125500.00 20000.00
D Altera Corporation com 021441100 9925 166800.00SH
SOLE 52300.00 114500.00
D Alza com 022615108 15181 396900.00SH
SOLE 352100.00 44800.00
D Alza com 022615108 67243 1757989.00SH
SOLE 762484.00 995505.00
D American Software A com 029683109 6419 2054000.00SH
SOLE 1825800.00 228200.00
D Ameritech com 030954101 749 13000.00 SH
SOLE 13000.00
D Applied Analytical Inds. Inc. com 037939105 6151 559200.00SH
SOLE 516400.00 42800.00
D Applied Digital Access, Inc. com 038181103 785 348800.00SH
SOLE 329500.00 19300.00
D Au Bon Pain Company com 050103100 7801 1485950.00SH
SOLE 1285150.00 200800.00
D Autozone Inc. com 053332102 42805 1409225.00SH
SOLE 537200.00 53100.00818925.00
D BMC Software com 055921100 18890 509675.00SH
SOLE 477306.50 32368.50
D BMC Software com 055921100 70860 1911899.00SH
SOLE 793000.00109200.001009699.00
D BP Amoco com 055622104 1290 12772.33 SH
SOLE 12772.33
D Ballard Medical Product com 058566100 11890 487815.00SH
SOLE 454215.00 33600.00
D BankAmerica Corp com 06605f102 349 4947.00 SH
SOLE 600.00 4347.00
D Best Software Inc. com 086579109 8605 637400.00SH
SOLE 573300.00 64100.00
D Biomet com 090613100 4793 114300.00SH
SOLE 107100.00 7200.00
D Biomet com 090613100 3727 88863.00 SH
SOLE 48263.00 40600.00
D Bioreliance Corp. com 090951104 3988 613500.00SH
SOLE 562000.00 51500.00
D Bisys com 055472104 22565 401160.00SH
SOLE 364260.00 36900.00
D Boston Scientific Corp com 101137107 18626 458480.00SH
SOLE 16880.00144800.00296800.00
D CBRL Group Inc. com 12489v106 44074 2448528.00SH
SOLE 1053103.00 1395425.00
D CFI Proservices com 12525N100 7622 628600.00SH
SOLE 577800.00 50800.00
D Cardinal Health Inc. com 14149Y108 121417 1839650.75SH
SOLE 730955.75 96300.001012395.00
D Carnival Corp CL A com 143658102 111663 2299375.00SH
SOLE 1032850.00 1266525.00
D Catalina Marketing com 148867104 13379 155800.00SH
SOLE 148200.00 7600.00
D Catalina Marketing com 148867104 12719 148110.00SH
SOLE 49010.00 99100.00
D Cerner com 156782104 8706 542005.00SH
SOLE 503405.00 38600.00
D Chase Manhattan Bank com 16161A108 69382 852626.00SH
SOLE 357720.00 46800.00448106.00
D Cheesecake Factory com 163072101 16225 683149.00SH
SOLE 601499.00 81650.00
D Cheesecake Factory com 163072101 362 15256.00 SH
SOLE 15256.00
D Chirex, Inc. com 170038103 11270 460000.00SH
SOLE 410500.00 49500.00
D Cintas Corp. com 172908105 3942 60300.00 SH
SOLE 60300.00
D Cisco Systems com 17275R102 2430 22181.00 SH
SOLE 2100.00 9100.00 10981.00
D Citigroup, Inc. com 172967101 3335 52206.00 SH
SOLE 47950.00 4256.00
D Coca-Cola com 191216100 539 8780.00 SH
SOLE 8780.00
D Cognex Corp com 192422103 15252 643904.00SH
SOLE 593704.00 50200.00
D Compaq com 204493100 25102 792175.00SH
SOLE 311800.00115800.00364575.00
D Compuware Corporation com 205638109 8454 354100.00SH
SOLE 16600.00120400.00217100.00
D Concord Communications Inc. com 206186108 12899
226300.00SH SOLE 212300.00 14000.00
D Covance Inc com 222816100 3985 159000.00SH
SOLE 19700.00 139300.00
D Danaher com 235851102 59244 1133855.00SH
SOLE 475220.00 658635.00
D Datastream Systems, Inc com 238124101 8005 928100.00SH
SOLE 822800.00 105300.00
D Dendrite Intl Inc. com 248239105 17564 787200.00SH
SOLE 749300.00 37900.00
D Diagnostic Products com 252450101 16599 684500.00SH
SOLE 624000.00 60500.00
D Disney, Walt com 254687106 467 14992.00 SH
SOLE 240.00 14752.00
D Dollar General Corp. com 256669102 101071 2972665.91SH
SOLE 1164500.11151490.001656675.80
D EMC Corporation com 268648102 106265 831820.00SH
SOLE 330184.00 43970.00457666.00
D Equifax Inc. com 294429105 53943 1569241.00SH
SOLE 656760.00 912481.00
D Exxon com 302290101 620 8780.00 SH SOLE
56.00 8724.00
D Fair Issac & Co com 303250104 20025 540300.00SH
SOLE 498900.00 41400.00
D Fastenal com 311900104 5165 147300.00SH
SOLE 131300.00 16000.00
D Fastenal com 311900104 53631 1529575.00SH
SOLE 639200.00111200.00779175.00
D FiServ com 337738108 47954 894241.00SH
SOLE 338000.00 40800.00515441.00
D Flow International Corp com 343468104 11678 1182600.00SH
SOLE 1085000.00 97600.00
D Franklin Resources Inc. com 354613101 15720 558951.00SH
SOLE 97000.00105000.00356951.00
D G & K Services CL A com 361268105 7820 169300.00SH
SOLE 47400.00 121900.00
D GTE Corp. com 362320103 716 11839.00 SH
SOLE 11839.00
D General Electric com 369604103 94172 851275.00SH
SOLE 371500.00 479775.00
D General Growth Properties Inc. com 370021107 753 23225.00 SH
SOLE 23225.00
D Gillette Co com 375766102 66839 1124525.00SH
SOLE 479300.00 63100.00582125.00
D Guidant Corp. com 401698105 61888 1022950.00SH
SOLE 422500.00 55100.00545350.00
D HCR Manor Care Inc com 404134108 51114 2240635.00SH
SOLE 946906.00 1293729.00
D Harley-Davidson com 412822108 76357 1330840.00SH
SOLE 520300.00 64700.00745840.00
D Health Care Properties com 421915109 352 12250.00 SH
SOLE 12250.00
D Health Management Associates com 421933102 64476
5290361.00SH SOLE 2083625.00274025.002932711.00
D Healthworld Corp. com 42222e103 2681 198600.00SH
SOLE 181700.00 16900.00
D Home Depot, Inc. com 437076102 109141 1753268.00SH
SOLE 736000.00 58900.00958368.00
D Human Genome Sciences com 444903108 2189 63100.00 SH
SOLE 58400.00 4700.00
D Hyperion Solutions Corp. com 44914m104 5946 410058.00SH
SOLE 379223.00 30835.00
D Illinois Tool Works com 452308109 71803 1160450.00SH
SOLE 472350.00 74300.00613800.00
D Incyte Pharm Inc. com 45337C102 3812 190000.00SH
SOLE 173300.00 16700.00
D Infousa Inc. Cl A com 456818202 2224 523200.00SH
SOLE 496900.00 26300.00
D Infousa Inc. Cl B com 456818103 2383 529500.00SH
SOLE 503200.00 26300.00
D Intel Corp. com 458140100 1950 16400.00 SH
SOLE 16000.00 400.00
D Interim Services Inc. com 45868p100 4305 287000.00SH
SOLE 26800.00 260200.00
D International Business Machine com 459200101 143787
811212.00SH SOLE 338625.00 45400.00427187.00
D Johnson & Johnson com 478160104 113010 1208661.00SH
SOLE 498200.00 69100.00641361.00
D Juno Lighting com 482047107 12848 572618.00SH
SOLE 536218.00 36400.00
D Keane Inc. com 486665102 3830 179700.00SH
SOLE 179700.00
D Kendle International Inc. com 48880l107 7474 371400.00SH
SOLE 330100.00 41300.00
D Kohl's Corp. com 500255104 9412 132800.00SH
SOLE 132800.00
D Legg Mason Inc. com 524901105 8513 252700.00SH
SOLE 43000.00 209700.00
D Lucent Technologies Inc COM com 549463107 67711
626954.00SH SOLE 261300.00 35200.00330454.00
D MBNA Corp. com 55262L100 1063 44531.00 SH
SOLE 44531.00
D Manugistics Group Inc. com 565011103 3832 578400.00SH
SOLE 517300.00 61100.00
D Mapics, Inc. com 564910107 3691 480100.00SH
SOLE 450800.00 29300.00
D Marcam Solutions com 56614A107 743 270350.00SH
SOLE 255700.00 14650.00
D Medialink Worldwide Inc com 58445p105 8204 649800.00SH
SOLE 594979.00 54821.00
D Medtronic com 585055106 12966 180400.00SH
SOLE 54000.00126400.00
D Mellon Bank com 585509102 81857 1163150.00SH
SOLE 496600.00 68300.00598250.00
D Merck & Company com 589331107 114496 1428968.00SH
SOLE 606888.00 68700.00753380.00
D Microsoft com 594918104 117035 1305834.00SH
SOLE 519600.00 70400.00715834.00
D Network Associates Inc. com 640938106 6146 200269.00SH
SOLE 180208.00 20061.00
D Network Associates Inc. com 640938106 63908 2082538.00SH
SOLE 870139.00104050.001108349.00
D Newell Rubbermaid Inc. com 651229106 113805
2395897.00SH SOLE 953922.00119000.001322975.00
D Northern Telecom LTD Com com 665815106 7719
124245.00SH SOLE 27120.00 97125.00
D Omnicare Inc. com 681904108 5373 281877.00SH
SOLE 30477.00 251400.00
D Parametric Technology Corp com 699173100 12920
654200.00SH SOLE 43700.00237700.00372800.00
D Paychex, Inc com 704326107 24345 513212.00SH
SOLE 183462.00123900.00205850.00
D Paychex, Inc. com 704326107 6889 145227.00SH
SOLE 127797.00 17430.00
D Perkin-Elmer Corp. com 714041100 38085 392380.00SH
SOLE 158050.00 234330.00
D Pharmacopeia Inc. com 71713B104 4615 636500.00SH
SOLE 582800.00 53700.00
D Platinum Tech Int'l Inc com 72764T101 5980 234500.00SH
SOLE 219400.00 15100.00
D Platinum Tech Int'l Inc com 72764T101 10644 417429.00SH
SOLE 100929.00 316500.00
D Post Properties Inc com 737464107 266 7350.00 SH
SOLE 7350.00
D Post Properties, Inc. com 737464107 10709 295432.00SH
SOLE 289532.00 5900.00
D Price, T. Rowe com 741477103 9501 276400.00SH
SOLE 266000.00 10400.00
D Price, T. Rowe com 741477103 117641 3422278.00SH
SOLE 1508628.00163800.001749850.00
D QRS Corp. com 74726x105 11361 181600.00SH
SOLE 157100.00 24500.00
D Quintiles Transnational com 748767100 8041 213000.00SH
SOLE 196500.00 16500.00
D Quintiles Transnational CP com 748767100 7529 199450.00SH
SOLE 73350.00 126100.00
D Radisys Corp. com 750459109 12642 407000.00SH
SOLE 372900.00 34100.00
D Robert Half Intl Inc. com 770323103 48862 1489120.00SH
SOLE 620250.00 85600.00783270.00
D Rouse Company com 779273101 1415 63792.00 SH
SOLE 12600.00 51192.00
D Royal Dutch com 780257705 260 5000.00 SH
SOLE 5000.00
D SBC Communications com 78387G103 800 16964.00 SH
SOLE 16964.00
D SLM Holdings com 78442a109 112672 2698740.00SH
SOLE 1078000.00140400.001480340.00
D SPSS Inc. com 78462K102 11834 722700.00SH
SOLE 653700.00 69000.00
D Sanmina Corp com 800907107 18322 287400.00SH
SOLE 269000.00 18400.00
D Sanmina Corp com 800907107 9476 148636.00SH
SOLE 122836.00 25800.00
D Schlumberger, Ltd. com 806857108 66170 1099400.00SH
SOLE 504000.00 595400.00
D Smith International, Inc com 832110100 4632 115800.00SH
SOLE 21100.00 94700.00
D Solectron Corp. (Del) com 834182107 82996 1709057.00SH
SOLE 682832.00 82800.00943425.00
D St. Jude Medical com 790849103 3208 131600.00SH
SOLE 131600.00
D Staples Inc. com 855030102 56535 1719711.00SH
SOLE 672175.00 91050.00956486.00
D State Street Boston Corp com 857473102 4540 55200.00 SH
SOLE 55200.00
D Sterling Commerce com 859205106 94452 3071594.01SH
SOLE 1227519.00155900.001688175.01
D Sterling Software com 859547101 74050 3117875.00SH
SOLE 1200050.00180400.001737425.00
D Structural Dynamics com 863555108 8929 468431.00SH
SOLE 416231.00 52200.00
D Sylvan Learning Center com 871399101 34504 1260425.00SH
SOLE 470150.00 60000.00730275.00
D Synbiotics Corp. com 871566105 546 156000.00SH
SOLE 144400.00 11600.00
D Synthetech Inc. com 87162E100 4767 1089500.00SH
SOLE 999800.00 89700.00
D Techne Corp com 878377100 27324 946300.00SH
SOLE 866900.00 79400.00
D Tellabs com 879664100 99422 1017100.00SH
SOLE 435900.00 74600.00506600.00
D Time Warner com 887315109 484 6840.00 SH
SOLE 6840.00
D Tripos Inc. com 896928108 4121 471000.00SH
SOLE 414000.00 57000.00
D Warner Lambert Co. com 934488107 1835 27700.00 SH
SOLE 27700.00
D Stock Performance Index Future if 27128 173383.0420SH
SOLE 173383.0420
D Nottingham Invest. Tr.-II BCM 66976M409 3391 173961.959SH
SOLE 80377.555 93584.404
S REPORT SUMMARY 146 DATA RECORDS 4295393
0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
