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 62687 2331200.00SH
SOLE 1041400.00 1289800.00
AES Corporation com 00130h105 108716 1587100.00SH
SOLE 656870.00 69900.00860330.00
AFLAC, Inc. com 001055102 149625 2335609.00SH
SOLE 845698.00 99800.001390111.00
Acxiom Corporation com 005125109 26210 825500.00SH
SOLE 745600.00 79900.00
Acxiom Corporation com 005125109 14940 470566.00SH
SOLE 170166.00 300400.00
Advent Software com 007974108 66228 947800.00SH
SOLE 885100.00 62700.00
Advent Software Inc. com 007974108 9636 137900.00SH
SOLE 14700.00 123200.00
Affymetrix Inc. com 00826T108 14903 298800.00SH
SOLE 275600.00 23200.00
Albany Molecular Research com 012423109 51344 913800.00SH
SOLE 841000.00 72800.00
Altera Corporation com 021441100 101111 2117500.00SH
SOLE 953700.00 85700.001078100.00
Alza com 022615108 32593 376800.00SH
SOLE 352100.00 24700.00
Alza com 022615108 77023 890439.00SH
SOLE 436534.00 33400.00420505.00
Amdocs Ltd. com G02602103 7235 116000.00SH
SOLE 12200.00 103800.00
American Software A com 029683109 10369 3044100.00SH
SOLE 2775600.00 268500.00
American Tel & Tel com 001957109 1777 60493.00 SH
SOLE 54100.00 6393.00
American Tower Corporation Cla com 029912201 848 22500.00 SH
SOLE 22500.00
Applied Analytical Inds. Inc. com 037939105 18681 2410400.00SH
SOLE 2207100.00 203300.00
Atmel Corp. com 049513104 8254 543500.00SH
SOLE 47700.00 495800.00
BMC Software com 055921100 512 26768.00 SH
SOLE 26768.00
BMC Software com 055921100 2713 141841.00SH
SOLE 140277.00 1564.00
BP Amoco com 055622104 1250 23581.00 SH
SOLE 23581.00
Biomet com 090613100 8276 236450.00SH
SOLE 37050.00 199400.00
Bioreliance Corp. com 090951104 20925 1395000.00SH
SOLE 1268000.00 127000.00
Bisys com 055472104 36720 474960.00SH
SOLE 431760.00 43200.00
Bisys Group Inc. com 055472104 11605 150100.00SH
SOLE 12400.00 137700.00
Boston Scientific Corp com 101137107 450 27400.00 SH
SOLE 27400.00
Cardinal Health Inc. com 14149Y108 174005 1973122.75SH
SOLE 817719.75 76300.001079103.00
Carnival Corp CL A com 143658102 86732 3522100.00SH
SOLE 1523800.00 1998300.00
Catalina Marketing com 148867104 20423 542800.00SH
SOLE 479800.00 63000.00
Catalina Marketing com 148867104 16263 432230.00SH
SOLE 156330.00 275900.00
Century Telephone Enterprises com 156700106 9745 357600.00SH
SOLE 34200.00 323400.00
Cerner com 156782104 42077 906105.00SH
SOLE 835505.00 70600.00
Chase Manhattan Bank com 16161A108 47904 1037172.00SH
SOLE 413657.00 68800.00554715.00
Cheesecake Factory com 163072101 57560 1330873.00SH
SOLE 1185748.00 145125.00
Cheesecake Factory com 163072101 936 21638.00 SH
SOLE 21638.00
Cintas Corp. com 172908105 10205 234250.00SH
SOLE 107000.00 127250.00
Cisco Systems com 17275R102 2342 42382.00 SH
SOLE 846.00 41536.00
Citigroup, Inc. com 172967101 86901 1607413.60SH
SOLE 702828.28 904585.32
Clear Channel Communications I com 184502102 395 7000.00 SH
SOLE 7000.00
Coca-Cola com 191216100 214 3880.00 SH
SOLE 3880.00
Cognex Corp com 192422103 21951 556604.00SH
SOLE 518604.00 38000.00
Computer Associates Int'l. com 204912109 1672 66389.69 SH
SOLE 66389.00 0.69
Compuware Corp. com 205638109 59525 7107440.00SH
SOLE 2829965.00272300.004005175.00
Concord Communications Inc. com 206186108 40850 1541500.00SH
SOLE 1402900.00 138600.00
Conexant com 207142100 74705 1784009.00SH
SOLE 755698.00 8255.001020056.00
Cordiant Communications Group com 218514206 4497 239043.72SH
SOLE 224776.72 14267.00
Corning Inc. com 219350105 84602 284855.00SH
SOLE 131970.00 152885.00
Covance Inc com 222816100 6073 741800.00SH
SOLE 238400.00 503400.00
Danaher com 235851102 70178 1410610.00SH
SOLE 660720.00 749890.00
Datastream Systems, Inc com 238124101 31706 2462600.00SH
SOLE 2273000.00 189600.00
Dell Computer Corp. com 247025109 37494 1216840.00SH
SOLE 599255.00 11000.00606585.00
Dendrite Intl Inc. com 248239105 36883 1375600.00SH
SOLE 1287750.00 87850.00
Diagnostic Products com 252450101 79445 1481500.00SH
SOLE 1370400.00 111100.00
Diagnostic Products com 252450101 220 4100.00 SH
SOLE 4100.00
Dionex Corp. com 254546104 552 20000.00 SH
SOLE 18300.00 1700.00
Disney, Walt com 254687106 319 8338.00 SH
SOLE 120.00 8218.00
Dollar General Corp. com 256669102 62744 3745940.03SH
SOLE 1622962.25154527.001968450.78
Dollar Tree Stores com 256747106 12015 296200.00SH
SOLE 28200.00 268000.00
Dynegy Inc. Class A com 26816q101 245 4300.00 SH
SOLE 4300.00
EMC Corporation com 268648102 98165 990320.00SH
SOLE 430200.00 31180.00528940.00
Eclipse Surgical Tech Inc. com 278849104 11573 2893300.00SH
SOLE 2620619.00 272681.00
Engineering Animation Inc. com 292872108 19447 1433900.00SH
SOLE 1327400.00 106500.00
Equifax Inc. com 294429105 65281 2423435.00SH
SOLE 1080180.00 1343255.00
Exxon Mobil Corp com 30231g102 862 9676.00 SH
SOLE 56.00 9620.00
FEI Company com 30241l109 11254 518900.00SH
SOLE 471800.00 47100.00
FRITZ Companies com 358846103 2903 241900.00SH
SOLE 241900.00
Fair Issac & Co com 303250104 41522 972700.00SH
SOLE 903200.00 69500.00
Fastenal com 311900104 9854 171000.00SH
SOLE 155000.00 16000.00
Fastenal com 311900104 83334 1446150.00SH
SOLE 585200.00 57900.00803050.00
FiServ com 337738108 89395 1493034.00SH
SOLE 577425.00 94300.00821309.00
Flextronics com y2573f102 8459 103000.00SH
SOLE 103000.00
Flow International Corp com 343468104 19850 1825300.00SH
SOLE 1673500.00 151800.00
Franklin Resources Inc. com 354613101 78362 1763726.00SH
SOLE 693600.00117400.00952726.00
G & K Services CL A com 361268105 1271 45300.00 SH
SOLE 45300.00
Gene Logic Inc. com 368689105 15109 656900.00SH
SOLE 586400.00 70500.00
General Electric com 369604103 171512 2973120.00SH
SOLE 1388850.00 1584270.00
General Growth Properties Inc. com 370021107 493 15320.00 SH
SOLE 15320.00
Global Telesystems Group Inc com 37936u104 47 10400.00 SH
SOLE 10400.00
Guidant Corp. com 401698105 75544 1068705.00SH
SOLE 434352.00 78916.00555437.00
Harley-Davidson com 412822108 86907 1815280.00SH
SOLE 756100.00 67700.00991480.00
Health Management Associates com 421933102 127039 6103974.00SH
SOLE 2509000.00233000.003361974.00
Home Depot, Inc. com 437076102 114428 2156468.00SH
SOLE 927600.00103250.001125618.00
Human Genome Sciences com 444903108 32236 186200.00SH
SOLE 176400.00 9800.00
Hyperion Solutions Corp. com 44914m104 13739 530958.00SH
SOLE 488823.00 42135.00
Illinois Tool Works com 452308109 54288 971600.00SH
SOLE 419900.00104300.00447400.00
Incyte Genomics com 45337C102 12370 300800.00SH
SOLE 277200.00 23600.00
InfoUSA Inc. com 456818301 9809 1961800.00SH
SOLE 1826200.00 135600.00
Intel Corp. com 458140100 95381 2294875.00SH
SOLE 1062750.00 55900.001176225.00
International Business Machine com 459200101 132428 1177142.00SH
SOLE 536750.00 49500.00590892.00
Jabil Circuit Inc. com 466313103 11827 208400.00SH
SOLE 22800.00 185600.00
Johnson & Johnson com 478160104 74193 789811.00SH
SOLE 353000.00 51300.00385511.00
Kendle International Inc. com 48880l107 15152 1816000.00SH
SOLE 1656000.00 160000.00
King Pharma com 495582108 26452 791074.50SH
SOLE 740130.75 50943.75
Kohl's Corp. com 500255104 9478 164300.00SH
SOLE 10400.00 153900.00
Landmark Systems Corp com 51506s100 7555 1831450.00SH
SOLE 1570776.00 260674.00
Legg Mason Inc. com 524901105 13828 237900.00SH
SOLE 58500.00 179400.00
Lucent Technologies Inc com 549463107 47629 1558418.00SH
SOLE 741860.00 12700.00803858.00
MBNA Corp. com 55262L100 1388 36064.00 SH
SOLE 36064.00
Manor Care Inc. com 564055101 44593 2842562.00SH
SOLE 1414125.00 1428437.00
Manugistics Group Inc. com 565011103 110597 1127100.00SH
SOLE 1055800.00 71300.00
Mapics, Inc. com 564910107 4618 684200.00SH
SOLE 654900.00 29300.00
Medialink Worldwide com 58445p105 9884 1412000.00SH
SOLE 1230579.00 181421.00
Mellon Financial Corp com 58551a108 82184 1772155.00SH
SOLE 636350.00133800.001002005.00
Merck & Company com 589331107 71087 954983.00SH
SOLE 424148.00 55300.00475535.00
Microsoft com 594918104 119082 1974409.00SH
SOLE 903600.00 61100.001009709.00
Molecular Devices Corp. com 60851c107 5276 53700.00 SH
SOLE 40200.00 13500.00
Morgan Stanley Dean Witter com mwd 3767 41200.00 SH
SOLE 41200.00
Netscout Systems Inc. com 64115t104 30979 1304400.00SH
SOLE 1155800.00 148600.00
Network Associates Inc. com 640938106 5771 255053.00SH
SOLE 238429.00 16624.00
Network Associates Inc. com 640938106 44493 1966548.00SH
SOLE 837289.00 1129259.00
Newell Rubbermaid Inc. com 651229106 69151 3031287.00SH
SOLE 1240697.00 80600.001709990.00
Nokia Corp Spons ADR com 654902204 66518 1670775.00SH
SOLE 752650.00 67900.00850225.00
Nortel Networks com 656568102 1175 19720.00 SH
SOLE 19720.00
Omnicare Inc. com 681904108 4786 296800.00SH
SOLE 296800.00
Oracle Systems com 68389X105 90179 1145133.00SH
SOLE 512450.00 45700.00586983.00
PE Corp-PE Biosystems Group com 69332s102 71465 613435.00SH
SOLE 306985.00 306450.00
Pall Corp com 696429307 2107 105700.00SH
SOLE 32600.00 73100.00
Panera Bread Company com 69840w108 44448 2129250.00SH
SOLE 1897250.00 232000.00
Parametric Technology Corp com 699173100 766 70000.00 SH
SOLE 70000.00
Paychex, Inc com 704326107 26058 496338.00SH
SOLE 159426.00122325.00214587.00
Paychex, Inc. com 704326107 13972 266140.00SH
SOLE 266140.00
Peregrine Systems Inc. com 71366q101 21806 1151475.00SH
SOLE 1063950.00 87525.00
Pharmacopeia Inc. com 71713B104 24921 977300.00SH
SOLE 899800.00 77500.00
Post Properties Inc com 737464107 342 7850.00 SH
SOLE 7850.00
Post Properties, Inc. com 737464107 15915 365332.00SH
SOLE 350732.00 14600.00
Price, T. Rowe com 741477103 13321 283800.00SH
SOLE 273400.00 10400.00
Price, T. Rowe com 741477103 126548 2696100.00SH
SOLE 1181700.00115400.001399000.00
Procter & Gamble com 742718109 34543 515565.00SH
SOLE 244430.00 271135.00
Professional Detailing com 74312n107 33499 587700.00SH
SOLE 535300.00 52400.00
QRS Corp. com 74726x105 5783 383950.00SH
SOLE 298200.00 85750.00
Quintiles Transnational com 748767100 3474 218000.00SH
SOLE 205900.00 12100.00
Quintiles Transnational CP com 748767100 8132 510250.00SH
SOLE 124650.00 385600.00
Radisys Corp. com 750459109 41974 830150.00SH
SOLE 763500.00 66650.00
Rational Software com 75409p202 11190 161300.00SH
SOLE 14400.00 146900.00
Rational Software Corporation com 75409p202 4250 61260.00 SH
SOLE 61260.00
Restoration Hardware Inc. com 760981100 8737 2496300.00SH
SOLE 2099200.00 397100.00
Robert Half Intl Inc. com 770323103 61190 1764040.00SH
SOLE 683900.00 80700.00999440.00
Rouse Company com 779273101 370 14819.00 SH
SOLE 14819.00
Royal Dutch com 780257804 300 5000.00 SH
SOLE 5000.00
SBC Communications com 78387G103 1614 32280.00 SH
SOLE 32280.00
SCI Systems com 783890106 20425 498175.00SH
SOLE 227605.00 40900.00229670.00
SPSS Inc. com 78462K102 29467 1099000.00SH
SOLE 983700.00 115300.00
Safeway Inc com 786514208 97243 2082850.00SH
SOLE 971400.00 1111450.00
Sanmina Corp com 800907107 45183 482600.00SH
SOLE 482600.00
Sanmina Corp com 800907107 14734 157372.00SH
SOLE 37772.00 119600.00
Schlumberger, Ltd. com 806857108 55409 673150.00SH
SOLE 304600.00 368550.00
Smith Intl, Inc com 832110100 8646 106000.00SH
SOLE 8400.00 97600.00
Solectron Corp. (Del) com 834182107 100131 2170870.00SH
SOLE 859450.00 91300.001220120.00
Sprint Corp com 852061100 1908 65100.00 SH
SOLE 65100.00
Staples Inc. com 855030102 61918 4364299.00SH
SOLE 1929225.00171200.002263874.00
State Street Corp com 857477103 6058 46600.00 SH
SOLE 1100.00 45500.00
Structural Dynamics com 863555108 32561 1988431.00SH
SOLE 1817131.00 171300.00
Sylvan Learning Systems Inc com 871399101 393 26550.00 SH
SOLE 26550.00
Synbiotics Corp. com 871566105 564 269600.00SH
SOLE 242700.00 26900.00
Synthetech Inc. com 87162E100 3979 1498000.00SH
SOLE 1399700.00 98300.00
TJX Companies com 872540109 81791 3635175.00SH
SOLE 1643200.00 1991975.00
Techne Corp com 878377100 55205 492900.00SH
SOLE 455000.00 37900.00
Techne Corp. com 878377100 258 2300.00 SH
SOLE 2300.00
Tellabs com 879664100 85819 1797265.00SH
SOLE 792500.00122200.00882565.00
Time Warner com 887315109 520 6640.00 SH
SOLE 6640.00
Transaction Systems Archit-A com 893416107 19766 1216400.00SH
SOLE 1051200.00 165200.00
Transaction Systems Architects com 893416107 7594 467300.00SH
SOLE 101500.00 365800.00
Tripos Inc. com 896928108 18061 628200.00SH
SOLE 564000.00 64200.00
USA Education com 90390U102 109438 2271095.00SH
SOLE 898750.00124000.001248345.00
Verizon Communications com 92343v104 677 13982.32 SH
SOLE 13982.32
Vitesse Semiconductor com 928497106 10201 114700.00SH
SOLE 7200.00 107500.00
Wind River Systems com 973149107 1076 22448.00 SH
SOLE 22448.00
Worldcom com 98157d106 77008 2535259.00SH
SOLE 1170090.00 1365169.00
Xilinx Inc. com 983919101 72298 844360.00SH
SOLE 357755.00 31600.00455005.00
Goodman Fielder com 6336549 39 61000.00 SH
SOLE 61000.00
Rolls Royce com 0747761 40 16000.00 SH
SOLE 16000.00
Esprit Holdings Limited com 6321642 38 46000.00 SH
SOLE 46000.00
Walmart De Mexico - Ser V com 2135212 39 18700.00 SH
SOLE 18700.00
Telecom Corp of New Zealand com 6881436 38 15300.00 SH
SOLE 15300.00
Stock Performance Index Future if 861991982 49117 277012.6710SH
SOLE 277012.6710
BCM International Fund 1449 131642.205SH
SOLE 131642.205
Nottingham Invest. Tr.-II BCM 66976M409 4402 131722.248SH
SOLE 30072.296 101649.953
</TABLE>
