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EAGLE CAPITAL GROWTH FUND, INC. Director's Dealing 2005

May 24, 2005

34677_dirs_2005-05-24_59fae490-1c4e-4fa9-a932-e64169f39d4f.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NAIC GROWTH FUND INC (grf)
CIK: 0000850027
Period of Report: 2005-05-23

Reporting Person: SIMS LUKE E (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-05-23 NAIC Growth Fund, Inc. J 10495 Acquired 80465 Direct
2005-05-23 NAIC Growth Fund, Inc. J 2627 Acquired 20141 Indirect

Footnotes

F1: J - 15% stock dividend payable on May 23, 2005

F2: Total Beneficial Ownership - 100,606