FORM 13F COVER PAGE
Report for the Quarter Ended: December 31, 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 Feb. 10, 2000
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: 169
Form 13F Information Table Value Total: $5,537,898
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 133098 1834250.00SH
SOLE 848000.00 986250.00
AES Corporation com 00130h105 33481 447900.00SH
SOLE 173410.00 274490.00
AFLAC, Inc. com 001055102 109875 2328484.00SH
SOLE 909823.00105600.001313061.00
Acxiom Corporation com 005125109 20186 841100.00SH
SOLE 761600.00 79500.00
Acxiom Corporation com 005125109 11416 475676.00SH
SOLE 162775.00 312901.00
Advent Software com 007974108 35863 556550.00SH
SOLE 519500.00 37050.00
Advent Software Inc. com 007974108 6273 97350.00 SH
SOLE 97350.00
Affymetrix Inc. com 00826T108 35634 210000.00SH
SOLE 192000.00 18000.00
Albany Molecular Research com 012423109 11779 386200.00SH
SOLE 351500.00 34700.00
Altera Corporation com 021441100 58071 1171675.00SH
SOLE 601300.00 49600.00520775.00
Alza com 022615108 13047 376800.00SH
SOLE 352100.00 24700.00
Alza com 022615108 4983 143914.00SH
SOLE 115784.00 28130.00
Amdocs Ltd. com G02602103 5109 148100.00SH
SOLE 12200.00 135900.00
American Software A com 029683109 30536 2979100.00SH
SOLE 2710600.00 268500.00
American Tel & Tel com 001957109 82744 1628416.00SH
SOLE 797693.00 830723.00
American Tower Corporation Cla com 029912201 688 22500.00 SH
SOLE 22500.00
Applied Analytical Inds. Inc. com 037939105 13788 1511000.00SH
SOLE 1399500.00 111500.00
BMC Software com 055921100 5281 66067.00 SH
SOLE 54687.00 11380.00
BMC Software com 055921100 155380 1943771.00SH
SOLE 878867.00 90000.00974904.00
BP Amoco com 055622104 1485 25038.00 SH
SOLE 25038.00
Bank of America Corp com 060505104 42748 851757.00SH
SOLE 341550.00 77800.00432407.00
Best Software Inc. com 086579109 34716 1176800.00SH
SOLE 1098900.00 77900.00
Biomet com 090613100 5676 141900.00SH
SOLE 24700.00 117200.00
Bioreliance Corp. com 090951104 6909 1208200.00SH
SOLE 1131500.00 76700.00
Bisys com 055472104 31233 478660.00SH
SOLE 440260.00 38400.00
Bisys Group Inc. com 055472104 9298 142500.00SH
SOLE 13800.00 128700.00
Boston Scientific Corp com 101137107 4282 195750.00SH
SOLE 72850.00122900.00
Bristol Myers Co. com 110122108 3999 62300.00 SH
SOLE 61100.00 1200.00
CFI Proservice com 12525N100 7934 969000.00SH
SOLE 879900.00 89100.00
Cardinal Health Inc. com 14149Y108 136718 2855732.75SH
SOLE 1231244.75121600.001502888.00
Carnival Corp CL A com 143658102 116698 2440750.00SH
SOLE 1209100.00 1231650.00
Catalina Marketing com 148867104 12536 108300.00SH
SOLE 103600.00 4700.00
Catalina Marketing com 148867104 15141 130810.00SH
SOLE 52110.00 78700.00
Cerner com 156782104 13998 711005.00SH
SOLE 661305.00 49700.00
Chase Manhattan Bank com 16161A108 69790 898345.00SH
SOLE 375258.00 78100.00444987.00
Cheesecake Factory com 163072101 30186 862449.00SH
SOLE 765699.00 96750.00
Cheesecake Factory com 163072101 505 14430.00 SH
SOLE 14430.00
Chirex, Inc. com 170038103 15497 1059600.00SH
SOLE 965100.00 94500.00
Cintas Corp. com 172908105 10152 191100.00SH
SOLE 58000.00 133100.00
Cisco Systems com 17275R102 3620 33788.00 SH
SOLE 33788.00
Cit Group com 125577106 4288 203000.00SH
SOLE 203000.00
Citigroup, Inc. com 172967101 70649 1268671.00SH
SOLE 581975.00 686696.00
Clear Channel Communications I com 184502102 625 7000.00 SH
SOLE 7000.00
Coca-Cola com 191216100 338 5805.00 SH
SOLE 5805.00
Cognex Corp com 192422103 20990 538204.00SH
SOLE 506204.00 32000.00
Compaq com 204493100 1318 48700.00 SH
SOLE 48600.00 100.00
Compuware Corp. com 205638109 67504 1812200.00SH
SOLE 718850.00132300.00961050.00
Concord Communications Inc. com 206186108 17160 386700.00SH
SOLE 357300.00 29400.00
Corning Inc. com 219350105 60692 470710.00SH
SOLE 229645.00 241065.00
Covance Inc com 222816100 5390 498500.00SH
SOLE 179700.00 318800.00
Danaher com 235851102 46352 960655.00SH
SOLE 457320.00 503335.00
Datastream Systems, Inc com 238124101 50009 2036000.00SH
SOLE 1896500.00 139500.00
Dendrite Intl Inc. com 248239105 34989 1032900.00SH
SOLE 984450.00 48450.00
Diagnostic Products com 252450101 26769 1092600.00SH
SOLE 1013000.00 79600.00
Dial Corp. com 25247d101 52770 2170500.00SH
SOLE 820100.00 1350400.00
Disney, Walt com 254687106 311 10638.00 SH
SOLE 120.00 10518.00
Dollar General Corp. com 256669102 99771 4385545.59SH
SOLE 1885718.97208162.002291664.62
Dollar Tree Stores com 256747106 12075 249300.00SH
SOLE 23600.00 225700.00
EDS com 285661047 4083 61000.00 SH
SOLE 61000.00
EMC Corporation com 268648102 87266 798778.00SH
SOLE 326918.00 49640.00422220.00
Equifax Inc. com 294429105 74653 3168316.00SH
SOLE 1460880.00 1707436.00
Exxon Mobil Corp com 30231g102 838 10396.00 SH
SOLE 56.00 10340.00
Fair Issac & Co com 303250104 46274 873100.00SH
SOLE 817500.00 55600.00
Fastenal com 311900104 7684 171000.00SH
SOLE 155000.00 16000.00
Fastenal com 311900104 85227 1896575.00SH
SOLE 831900.00101100.00963575.00
FiServ com 337738108 81636 2130788.00SH
SOLE 896524.00108800.001125464.00
Flow International Corp com 343468104 20109 1767800.00SH
SOLE 1636000.00 131800.00
Franklin Resources Inc. com 354613101 16115 502601.00SH
SOLE 1450.00 91900.00409251.00
G & K Services CL A com 361268105 6355 196300.00SH
SOLE 45300.00 151000.00
GTE Corp. com 362320103 814 11539.00 SH
SOLE 11539.00
General Electric com 369604103 132024 853145.00SH
SOLE 407600.00 445545.00
General Growth Properties Inc. com 370021107 566 20200.00 SH
SOLE 20200.00
Global Telesystems Group Inc com 37936u104 361 10400.00 SH
SOLE 10400.00
Guidant Corp. com 401698105 47053 1001138.00SH
SOLE 469152.00 38616.00493370.00
Harbinger Corp. com 41145c103 44022 1383800.00SH
SOLE 1312200.00 71600.00
Harley-Davidson com 412822108 98338 1535040.00SH
SOLE 637450.00 71200.00826390.00
Health Management Associates com 421933102 90368 6756466.00SH
SOLE 2984975.00264900.003506591.00
Healthworld Corp. com 42222e103 16534 796800.00SH
SOLE 753900.00 42900.00
Hewlett-Packard com 428236103 3977 34961.00 SH
SOLE 34961.00
Home Depot, Inc. com 437076102 107314 1560928.50SH
SOLE 664200.00 80850.00815878.50
Human Genome Sciences com 444903108 13019 85300.00 SH
SOLE 80600.00 4700.00
Hyperion Solutions Corp. com 44914m104 21196 487258.00SH
SOLE 456423.00 30835.00
Illinois Tool Works com 452308109 62049 918395.00SH
SOLE 376100.00 81700.00460595.00
Incyte Pharm Inc. com 45337C102 15678 261300.00SH
SOLE 241400.00 19900.00
InfoUSA Inc. com 456818301 24282 1742200.00SH
SOLE 1606600.00 135600.00
Integrated Systems Incorporate com 45812m104 819 24400.00 SH
SOLE 24400.00
Intel Corp. com 458140100 24867 302100.00SH
SOLE 127800.00 21700.00152600.00
Interim Services Inc. com 45868p100 7027 283900.00SH
SOLE 33700.00 250200.00
International Business Machine com 459200101 134280 1244771.00SH
SOLE 578200.00 64700.00601871.00
Jabil Circuit Inc. com 466313103 6636 90900.00 SH
SOLE 6500.00 84400.00
Johnson & Johnson com 478160104 71377 765441.00SH
SOLE 334950.00 40300.00390191.00
Keane Inc. com 486665102 8298 258300.00SH
SOLE 21200.00 237100.00
Kendle International Inc. com 48880l107 12139 1229300.00SH
SOLE 1118500.00 110800.00
Kohl's Corp. com 500255104 3783 52400.00 SH
SOLE 5200.00 47200.00
Landmark Systems Corp com 51506s100 5960 571000.00SH
SOLE 526160.00 44840.00
Lanier Worldwide com 51589L105 465 120000.00SH
SOLE 120000.00
Legg Mason Inc. com 524901105 11194 308800.00SH
SOLE 67800.00 241000.00
Lucent Technologies Inc com 549463107 121494 1619918.00SH
SOLE 790960.00 61800.00767158.00
MBNA Corp. com 55262L100 1167 42831.00 SH
SOLE 42831.00
MCI Worldcom Inc com 55268B106 133224 2510702.50SH
SOLE 1163850.00111600.001235252.50
Manor Care Inc. com 564055101 45669 2854287.00SH
SOLE 1385375.00 1468912.00
Manugistics Group Inc. com 565011103 36135 1118300.00SH
SOLE 1040600.00 77700.00
Mapics, Inc. com 564910107 8638 684200.00SH
SOLE 654900.00 29300.00
Medialink Worldwide com 58445p105 9592 1189700.00SH
SOLE 1070179.00 119521.00
Mellon Financial Corp com 58551a108 75337 2211730.00SH
SOLE 914750.00150100.001146880.00
Merck & Company com 589331107 65602 976408.00SH
SOLE 447798.00 43400.00485210.00
Merrill Lynch & Co. com 590188108 2083 25000.00 SH
SOLE 25000.00
Microsoft com 594918104 113371 971059.00SH
SOLE 445450.00 57700.00467909.00
Midamerican Energy Holdings Co com 59562v107 731 21700.00 SH
SOLE 21700.00
Morgan Stanley Dean Witter com mwd 2598 18200.00 SH
SOLE 18200.00
Network Associates Inc. com 640938106 8345 312694.00SH
SOLE 292633.00 20061.00
Network Associates Inc. com 640938106 112010 4197098.00SH
SOLE 1876139.00 2320959.00
Newell Rubbermaid Inc. com 651229106 88759 3060662.00SH
SOLE 1332247.00127600.001600815.00
Nortel Networks com 656569100 3892 38530.00 SH
SOLE 38530.00
Omnicare Inc. com 681904108 3506 292177.00SH
SOLE 5477.00 286700.00
Oracle Systems com 68389X105 276 2464.00 SH
SOLE 2464.00
PE Corp-PE Biosystems Group com 69332s102 124004 1030685.00SH
SOLE 455900.00 574785.00
Pall Corp com 696429307 2279 105700.00SH
SOLE 32600.00 73100.00
Panera Bread Company com 69840w108 15173 1957750.00SH
SOLE 1755750.00 202000.00
Parametric Technology Corp com 699173100 11148 411950.00SH
SOLE 101250.00 79200.00231500.00
Paychex, Inc com 704326107 21439 535976.00SH
SOLE 122901.00153950.00259125.00
Paychex, Inc. com 704326107 8520 213002.00SH
SOLE 191095.00 21907.00
Pharmacopeia Inc. com 71713B104 24799 1096100.00SH
SOLE 1018600.00 77500.00
Philip Morris Companies Inc. com 718154107 279 12145.00 SH
SOLE 12145.00
Post Properties Inc com 737464107 281 7350.00 SH
SOLE 7350.00
Post Properties, Inc. com 737464107 12199 318932.00SH
SOLE 315132.00 3800.00
Price, T. Rowe com 741477103 11052 299200.00SH
SOLE 288800.00 10400.00
Price, T. Rowe com 741477103 108333 2932875.00SH
SOLE 1306250.00149800.001476825.00
Professional Detailing com 74312n107 9601 320700.00SH
SOLE 284300.00 36400.00
QRS Corp. com 74726x105 30298 288550.00SH
SOLE 260800.00 27750.00
Quintiles Transnational com 748767100 4281 229100.00SH
SOLE 217000.00 12100.00
Quintiles Transnational CP com 748767100 6695 358250.00SH
SOLE 94650.00 263600.00
Radisys Corp. com 750459109 40920 802350.00SH
SOLE 746400.00 55950.00
Rational Software Corporation com 75409p202 1505 30630.00 SH
SOLE 30630.00
Robert Half Intl Inc. com 770323103 46771 1637495.00SH
SOLE 777225.00 89500.00770770.00
Rouse Company com 779273101 464 21840.00 SH
SOLE 21840.00
Royal Dutch com 780257705 303 5000.00 SH
SOLE 5000.00
SBC Communications com 78387G103 1622 33280.00 SH
SOLE 33280.00
SLM Holdings com 78442a109 97828 2315445.00SH
SOLE 933650.00154400.001227395.00
SPSS Inc. com 78462K102 23581 933900.00SH
SOLE 856200.00 77700.00
Sanmina Corp com 800907107 26297 263300.00SH
SOLE 251700.00 11600.00
Sanmina Corp com 800907107 12178 121936.00SH
SOLE 59236.00 62700.00
Schering Plough com 806605101 2975 70200.00 SH
SOLE 68600.00 1600.00
Schlumberger, Ltd. com 806857108 69742 1242625.00SH
SOLE 606600.00 636025.00
Smith Intl, Inc com 832110100 6211 125000.00SH
SOLE 19400.00 105600.00
Solectron Corp. (Del) com 834182107 99265 1043517.00SH
SOLE 461732.00 53100.00528685.00
Sprint Corp com 852061100 4382 65100.00 SH
SOLE 65100.00
Staples Inc. com 855030102 90842 4377924.00SH
SOLE 2064325.00174100.002139499.00
State Street Corp com 857477103 2645 36200.00 SH
SOLE 500.00 35700.00
Sterling Commerce com 859205106 69574 2046304.01SH
SOLE 913330.00107300.001025674.01
Sterling Software com 859547101 98359 3122500.00SH
SOLE 1338750.00163100.001620650.00
Structural Dynamics com 863555108 17820 1397631.00SH
SOLE 1276631.00 121000.00
Sylvan Learning Systems Inc com 871399101 345 26550.00 SH
SOLE 26550.00
Synbiotics Corp. com 871566105 822 341500.00SH
SOLE 314600.00 26900.00
Synthetech Inc. com 87162E100 5370 1432000.00SH
SOLE 1333700.00 98300.00
TJX Companies com 872540109 41159 2013900.00SH
SOLE 849200.00 71600.001093100.00
Techne Corp com 878377100 55718 1011900.00SH
SOLE 936200.00 75700.00
Tellabs com 879664100 117378 1828675.00SH
SOLE 830750.00 95700.00902225.00
Three Com com 885535104 6674 142000.00SH
SOLE 142000.00
Time Warner com 887315109 495 6840.00 SH
SOLE 6840.00
Transaction Systems Architects com 893416107 5869 209600.00SH
SOLE 71700.00 137900.00
Transocean Sedco Forex Inc com G90078109 8104 240572.20SH
SOLE 117437.76 123134.44
Tripos Inc. com 896928108 7224 628200.00SH
SOLE 564000.00 64200.00
Warner Lambert Co. com 934488107 2778 33900.00 SH
SOLE 33900.00
Esprit Holdings Limited com 6321642 15 14000.00 SH
SOLE 14000.00
Goodman Fielder com 6336549 14 16100.00 SH
SOLE 16100.00
Stock Performance Index Future if 861991982 38838 215196.0070SH
SOLE 215196.0070
BCM International Fund 182 16291.330SH
SOLE 16291.330
Nottingham Invest. Tr.-II BCM 66976M409 3785 131873.025SH
SOLE 28518.219 103354.807
</TABLE>
