FORM 13F COVER PAGE
Report for the Quarter Ended: September 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
Name: Brown Capital Management, Inc.
Address: 1201 N. Calvert Street
Baltimore, MD 21202
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
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: 177
Form 13F Information Table Value Total: $6130736
List of Other Included Managers: NA
No. 13F File Number Name
<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 124586 1854300.00SH
SOLE 853100.00 1001200.00
AES Corporation com 00130h105 60719 695925.00SH
SOLE 285910.00 24400.00385615.00
AFLAC, Inc. com 001055102 123854 2396209.00SH
SOLE 865198.00113500.001417511.00
Acxiom Corporation com 005125109 23701 810300.00SH
SOLE 735800.00 74500.00
Acxiom Corporation com 005125109 13085 447367.00SH
SOLE 170167.00 277200.00
Advent Software com 007974108 35507 943700.00SH
SOLE 882000.00 61700.00
Advent Software Inc. com 007974108 6724 178700.00SH
SOLE 6500.00 172200.00
Affymetrix Inc. com 00826T108 17741 149400.00SH
SOLE 137800.00 11600.00
Albany Molecular Research com 012423109 23636 454000.00SH
SOLE 417600.00 36400.00
Altera Corporation com 021441100 101260 1179150.00SH
SOLE 551550.00 53400.00574200.00
Alza com 022615108 19146 376800.00SH
SOLE 352100.00 24700.00
Alza com 022615108 69648 1370689.00SH
SOLE 602134.00 48000.00720555.00
Amdocs Ltd. com G02602103 7854 126800.00SH
SOLE 12200.00 114600.00
American Software A com 029683109 11106 2843100.00SH
SOLE 2574600.00 268500.00
American Tel & Tel com 001957109 56134 1618266.00SH
SOLE 773093.00 845173.00
American Tower Corporation Cla com 029912201 835 22500.00 SH
SOLE 22500.00
Applied Analytical Inds. Inc. com 037939105 18268 2376300.00SH
SOLE 2193000.00 183300.00
BMC Software com 055921100 1178 26768.00 SH
SOLE 26768.00
BMC Software com 055921100 6241 141841.00SH
SOLE 140277.00 1564.00
BP Amoco com 055622104 1287 23581.00 SH
SOLE 23581.00
Biomet com 090613100 5680 157500.00SH
SOLE 24700.00 132800.00
Bioreliance Corp. com 090951104 6667 1333500.00SH
SOLE 1234500.00 99000.00
Bisys com 055472104 30913 470160.00SH
SOLE 431760.00 38400.00
Bisys Group Inc. com 055472104 11256 171200.00SH
SOLE 15300.00 155900.00
Boston Scientific Corp com 101137107 702 27400.00 SH
SOLE 27400.00
Cardinal Health Inc. com 14149Y108 190609 2938097.75SH
SOLE 1239594.75130800.001567703.00
Carnival Corp CL A com 143658102 97959 3611400.00SH
SOLE 1571100.00 2040300.00
Catalina Marketing com 148867104 14069 145700.00SH
SOLE 136000.00 9700.00
Catalina Marketing com 148867104 13114 135810.00SH
SOLE 52110.00 83700.00
Century Telephone Enterprises com 156700106 6723 249000.00SH
SOLE 14900.00 234100.00
Cerner com 156782104 20137 882705.00SH
SOLE 823805.00 58900.00
Chase Manhattan Bank com 16161A108 50535 676624.00SH
SOLE 267426.00 38600.00370598.00
Cheesecake Factory com 163072101 35324 887249.00SH
SOLE 790499.00 96750.00
Cheesecake Factory com 163072101 574 14430.00 SH
SOLE 14430.00
Chirex, Inc. com 170038103 30371 1754300.00SH
SOLE 1631900.00 122400.00
Cintas Corp. com 172908105 14003 318250.00SH
SOLE 107000.00 211250.00
Cisco Systems com 17275R102 3817 67036.00 SH
SOLE 67036.00
Cit Group com 125577106 3717 203000.00SH
SOLE 203000.00
Citigroup, Inc. com 172967101 77773 1250621.00SH
SOLE 561975.00 688646.00
Clear Channel Communications I com 184502102 524 7000.00 SH
SOLE 7000.00
Coca-Cola com 191216100 296 5555.00 SH
SOLE 5555.00
Cognex Corp com 192422103 29497 545604.00SH
SOLE 513604.00 32000.00
Computer Associates Int'l. com 204912109 3419 66396.56 SH
SOLE 66395.26 1.30
Compuware Corp. com 205638109 39036 3831790.00SH
SOLE 1503715.00142300.002185775.00
Concentrix Inc. com 20589s105 4637 976300.00SH
SOLE 887200.00 89100.00
Concord Communications Inc. com 206186108 22863 919100.00SH
SOLE 848200.00 70900.00
Cordiant Communications Group com 218514206 9707 507545.04SH
SOLE 478576.84 28968.20
Corning Inc. com 219350105 123013 635930.00SH
SOLE 299370.00 336560.00
Covance Inc com 222816100 4926 691300.00SH
SOLE 238400.00 452900.00
Danaher com 235851102 70296 1458810.00SH
SOLE 691820.00 766990.00
Datastream Systems, Inc com 238124101 23345 2334500.00SH
SOLE 2168700.00 165800.00
Dell Computer Corp. com 247025109 56461 1309240.00SH
SOLE 639555.00 48800.00620885.00
Dendrite Intl Inc. com 248239105 34648 1375600.00SH
SOLE 1287750.00 87850.00
Diagnostic Products com 252450101 46112 1481500.00SH
SOLE 1370400.00 111100.00
Dial Corp. com 25247d101 27843 1953925.00SH
SOLE 829800.00 1124125.00
Disney, Walt com 254687106 425 10138.00 SH
SOLE 120.00 10018.00
Dollar General Corp. com 256669102 65678 3753044.67SH
SOLE 1695135.90130127.501927781.28
Dollar Tree Stores com 256747106 11144 187300.00SH
SOLE 18800.00 168500.00
Dynegy Inc. Class A com 26816q101 1998 25900.00 SH
SOLE 25900.00
EDS com 285661047 3923 61000.00 SH
SOLE 61000.00
EMC Corporation com 268648102 93550 804303.00SH
SOLE 322618.00 53440.00428245.00
Eclipse Surgical Tech Inc. com 278849104 8871 2490000.00SH
SOLE 2308019.00 181981.00
Engineering Animation Inc. com 292872108 9698 1014200.00SH
SOLE 937000.00 77200.00
Equifax Inc. com 294429105 76597 2766466.00SH
SOLE 1131580.00 1634886.00
Exxon Mobil Corp com 30231g102 831 9976.00 SH
SOLE 56.00 9920.00
FRITZ Companies com 358846103 1108 105500.00SH
SOLE 105500.00
Fair Issac & Co com 303250104 40975 972700.00SH
SOLE 903200.00 69500.00
Fastenal com 311900104 10794 171000.00SH
SOLE 155000.00 16000.00
Fastenal com 311900104 78351 1241200.00SH
SOLE 516850.00 41600.00682750.00
FiServ com 337738108 87359 1868633.00SH
SOLE 763374.00116900.00988359.00
Flow International Corp com 343468104 18730 1805300.00SH
SOLE 1673500.00 131800.00
Franklin Resources Inc. com 354613101 53635 1787826.00SH
SOLE 723100.00 98900.00965826.00
G & K Services CL A com 361268105 1312 52500.00 SH
SOLE 45300.00 7200.00
GTE Corp. com 362320103 716 11318.00 SH
SOLE 11318.00
Gene Logic Inc. com 368689105 7320 346500.00SH
SOLE 320700.00 25800.00
General Electric com 369604103 134304 2552095.00SH
SOLE 1206400.00 1345695.00
General Growth Properties Inc. com 370021107 484 15320.00 SH
SOLE 15320.00
Global Telesystems Group Inc com 37936u104 116 10400.00 SH
SOLE 10400.00
Guidant Corp. com 401698105 52529 1037613.00SH
SOLE 450452.00 41516.00545645.00
Harbinger Corp. com 41145c103 22934 1535300.00SH
SOLE 1418600.00 116700.00
Harley-Davidson com 412822108 102545 2752880.00SH
SOLE 1126200.00113400.001513280.00
Health Management Associates com 421933102 76609 6485411.00SH
SOLE 2803750.00284900.003396761.00
Hewlett-Packard com 428236103 4200 34961.00 SH
SOLE 34961.00
Home Depot, Inc. com 437076102 95887 1964400.00SH
SOLE 849250.00 86950.001028200.00
Human Genome Sciences com 444903108 16339 186200.00SH
SOLE 176400.00 9800.00
Hyperion Solutions Corp. com 44914m104 15846 505058.00SH
SOLE 474223.00 30835.00
Illinois Tool Works com 452308109 53467 920850.00SH
SOLE 372650.00 87900.00460300.00
Incyte Pharm Inc. com 45337C102 7934 150400.00SH
SOLE 138600.00 11800.00
InfoUSA Inc. com 456818301 9932 1961800.00SH
SOLE 1826200.00 135600.00
Intel Corp. com 458140100 122200 980050.00SH
SOLE 472800.00 35200.00472050.00
Interim Services Inc. com 45868p100 5404 268500.00SH
SOLE 33700.00 234800.00
International Business Machine com 459200101 132664 1236242.00SH
SOLE 564650.00 69600.00601992.00
Jabil Circuit Inc. com 466313103 8869 243000.00SH
SOLE 22800.00 220200.00
Johnson & Johnson com 478160104 69077 771811.00SH
SOLE 333700.00 43300.00394811.00
Jones Pharma Inc. com 480236108 13294 364850.00SH
SOLE 342900.00 21950.00
Keane Inc. com 486665102 6617 246800.00SH
SOLE 21200.00 225600.00
Kendle International Inc. com 48880l107 10609 1664100.00SH
SOLE 1534100.00 130000.00
King Pharma com 495582108 12091 226000.00SH
SOLE 208500.00 17500.00
Kohl's Corp. com 500255104 7405 143100.00SH
SOLE 10400.00 132700.00
Landmark Systems Corp com 51506s100 9968 1563650.00SH
SOLE 1426376.00 137274.00
Lanier Worldwide com 51589L105 217 120000.00SH
SOLE 120000.00
Legg Mason Inc. com 524901105 14296 324000.00SH
SOLE 67800.00 256200.00
Lucent Technologies Inc com 549463107 93227 1624868.00SH
SOLE 790310.00 66500.00768058.00
MBNA Corp. com 55262L100 1144 41039.00 SH
SOLE 41039.00
Manor Care Inc. com 564055101 20255 2868012.00SH
SOLE 1400075.00 1467937.00
Manugistics Group Inc. com 565011103 32827 1127100.00SH
SOLE 1055800.00 71300.00
Mapics, Inc. com 564910107 3507 684200.00SH
SOLE 654900.00 29300.00
Medialink Worldwide com 58445p105 9483 1330900.00SH
SOLE 1202979.00 127921.00
Mellon Financial Corp com 58551a108 66825 1732905.00SH
SOLE 618600.00112700.001001605.00
Merck & Company com 589331107 73288 982083.00SH
SOLE 447848.00 46600.00487635.00
Merrill Lynch & Co. com 590188108 2466 25000.00 SH
SOLE 25000.00
Microsoft com 594918104 130400 2084309.00SH
SOLE 975000.00 73600.001035709.00
Molecular Devices Corp. com 60851c107 1788 33500.00 SH
SOLE 33500.00
Morgan Stanley Dean Witter com mwd 2946 41200.00 SH
SOLE 41200.00
Netscout Systems Inc. com 64115t104 11465 965500.00SH
SOLE 860800.00 104700.00
Network Associates Inc. com 640938106 5579 255053.00SH
SOLE 238429.00 16624.00
Network Associates Inc. com 640938106 42688 1951448.00SH
SOLE 875989.00 1075459.00
Newell Rubbermaid Inc. com 651229106 82775 3153337.00SH
SOLE 1320147.00137200.001695990.00
Nokia Corp Spons ADR com 654902204 45740 879625.00SH
SOLE 401650.00 33500.00444475.00
Nortel Networks com 656569100 1073 19820.00 SH
SOLE 19820.00
Omnicare Inc. com 681904108 4272 258900.00SH
SOLE 258900.00
Oracle Systems com 68389X105 35210 489883.00SH
SOLE 219050.00 21000.00249833.00
PE Corp-PE Biosystems Group com 69332s102 35117 632735.00SH
SOLE 319485.00 313250.00
Pall Corp com 696429307 2220 105700.00SH
SOLE 32600.00 73100.00
Panera Bread Company com 69840w108 18232 2129250.00SH
SOLE 1897250.00 232000.00
Parametric Technology Corp com 699173100 2231 209950.00SH
SOLE 101650.00 85200.00 23100.00
Paychex, Inc com 704326107 28791 822588.50SH
SOLE 176826.50248225.00397537.00
Paychex, Inc. com 704326107 9315 266140.50SH
SOLE 266140.50
Pharmacopeia Inc. com 71713B104 21256 977300.00SH
SOLE 899800.00 77500.00
Post Properties Inc com 737464107 322 7350.00 SH
SOLE 7350.00
Post Properties, Inc. com 737464107 16029 365332.00SH
SOLE 350732.00 14600.00
Price, T. Rowe com 741477103 10838 283800.00SH
SOLE 273400.00 10400.00
Price, T. Rowe com 741477103 109321 2862750.00SH
SOLE 1210150.00161100.001491500.00
Proctor & Gamble com 742718109 34651 521065.00SH
SOLE 244730.00 276335.00
Professional Detailing com 74312n107 14172 529800.00SH
SOLE 485000.00 44800.00
QRS Corp. com 74726x105 8881 322950.00SH
SOLE 279700.00 43250.00
Quintiles Transnational com 748767100 3215 218000.00SH
SOLE 205900.00 12100.00
Quintiles Transnational CP com 748767100 5938 402550.00SH
SOLE 124650.00 277900.00
Radisys Corp. com 750459109 32259 827150.00SH
SOLE 763500.00 63650.00
Rational Software Corporation com 75409p202 2246 30630.00 SH
SOLE 30630.00
Restoration Hardware Inc. com 760981100 12220 1935900.00SH
SOLE 1750800.00 185100.00
Robert Half Intl Inc. com 770323103 51582 868745.00SH
SOLE 363475.00 34000.00471270.00
Rouse Company com 779273101 389 16239.00 SH
SOLE 16239.00
Royal Dutch com 780257804 312 5000.00 SH
SOLE 5000.00
SBC Communications com 78387G103 1415 32380.00 SH
SOLE 32380.00
SLM Holdings com 78442a109 76021 2256645.00SH
SOLE 912800.00104400.001239445.00
SPSS Inc. com 78462K102 24725 989000.00SH
SOLE 908300.00 80700.00
Safeway Inc com 786514208 36239 785675.00SH
SOLE 368100.00 417575.00
Sanmina Corp com 800907107 29433 462600.00SH
SOLE 462600.00
Sanmina Corp com 800907107 15434 242572.00SH
SOLE 83472.00 159100.00
Schlumberger, Ltd. com 806857108 50902 691950.00SH
SOLE 317700.00 374250.00
Smith Intl, Inc com 832110100 7574 95800.00 SH
SOLE 8400.00 87400.00
Solectron Corp. (Del) com 834182107 78072 2361334.00SH
SOLE 983314.00114200.001263820.00
Sprint Corp com 852061100 3939 65100.00 SH
SOLE 65100.00
Staples Inc. com 855030102 66463 4505999.00SH
SOLE 2050425.00187300.002268274.00
State Street Corp com 857477103 4365 39150.00 SH
SOLE 750.00 38400.00
Structural Dynamics com 863555108 18236 1603131.00SH
SOLE 1464331.00 138800.00
Sylvan Learning Systems Inc com 871399101 299 26550.00 SH
SOLE 26550.00
Synbiotics Corp. com 871566105 790 341500.00SH
SOLE 314600.00 26900.00
Synthetech Inc. com 87162E100 4681 1498000.00SH
SOLE 1399700.00 98300.00
TJX Companies com 872540109 78838 3645675.00SH
SOLE 1611700.00 2033975.00
Techne Corp com 878377100 70753 885100.00SH
SOLE 816000.00 69100.00
Techne Corp. com 878377100 232 2900.00 SH
SOLE 2900.00
Tellabs com 879664100 119454 1839515.00SH
SOLE 834150.00102900.00902465.00
Time Warner com 887315109 523 6640.00 SH
SOLE 6640.00
Transaction Systems Archit-A com 893416107 10186 840100.00SH
SOLE 787200.00 52900.00
Transaction Systems Architects com 893416107 2036 167900.00SH
SOLE 91700.00 76200.00
Tripos Inc. com 896928108 9737 628200.00SH
SOLE 564000.00 64200.00
Vitesse Semiconductor com 928497106 3463 68400.00 SH
SOLE 4000.00 64400.00
Wind River Systems com 973149107 814 22448.00 SH
SOLE 22448.00
Worldcom com 98157d106 101886 2707934.00SH
SOLE 1242915.00120000.001345019.00
Xilinx Inc. com 983919101 68300 897210.00SH
SOLE 382805.00 31600.00482805.00
Esprit Holdings Limited com 6321642 14 14000.00 SH
SOLE 14000.00
Goodman Fielder com 6336549 21 29300.00 SH
SOLE 29300.00
Stock Performance Index Future if 861991982 33005 188777.3870SH
SOLE 188777.3870
BCM International Fund 184 16291.330SH
SOLE 16291.330
Nottingham Invest. Tr.-II BCM 66976M409 3312 125057.147SH
SOLE 28518.219 96538.929
</TABLE>
