General Rules and regulations promulated
under the Securities Exchange Act of 1934


Schedule 13G -- Information to Be Included in
Statements Filed Pursuant to Rule
13d-1(b), (c) and (d)and Amendments Thereto Filed
Pursuant to Rule 13d-2




SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

  SCHEDULE 13G

  Under the Securities Exchange Act of 1934(Amendment No....)

      A.D.A.M., INC.

      (Name of Issuer)


      Common Stock , par value $0.01 per share

      (Title of Class of Securities)

      00088U108

      (CUSIP Number)

      November 18, 2010

      (Date of Event Which Requires Filing of this Statement)

      Check the appropriate box to designate the rule pursuant to which this
      Schedule is filed:

      [ ] Rule 13d-1(b)
      [x] Rule 13d-1(c)
      [ ] Rule 13d-1(d)



*The remainder of this cover page shall be filled out
for a reporting person's initial filing on this form
with respect to the subject class of securities, and
for any subsequent amendment containing information
which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover
page shall not be deemed
to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).


      CUSIP No. 00088U108

      (1)Names of reporting persons.

       Shorewater Advisors LLC

      (2) Check the appropriate box if a member of a group (see instructions)
      (a) X
      (b)

      (3) SEC use only

      (4) Citizenship or place of organization

        Minnesota

      Number of shares beneficially owned by each reporting person with:

      (5)Sole voting power

           -0-

      (6)Shared voting power

        553,782

      (7)Sole dispositive power

           -0-

      (8)Shared dispositive power

        553,782

      (9)Aggregate amount beneficially owned by each reporting person

        553,782

      (10)Check if the aggregate amount in Row (9) excludes certain shares (see
      instructions)

      (11)Percent of class represented by amount in Row 9

        5.1%

      (12)Type of reporting person (see instructions)

        OO






 CUSIP No. 68906N200

      (1)Names of reporting persons.

       Charles V. Marais

      (2) Check the appropriate box if a member of a group (see instructions)
      (a) X
      (b)

      (3) SEC use only

      (4) Citizenship or place of organization

        United Kingdom

      Number of shares beneficially owned by each reporting person with:

      (5)Sole voting power

            -0-

      (6)Shared voting power

        553,782

      (7)Sole dispositive power

             -0-

      (8)Shared dispositive power

        553,782

      (9)Aggregate amount beneficially owned by each reporting person

        553,782

      (10)Check if the aggregate amount in Row (9) excludes certain shares (see
      instructions)

      (11)Percent of class represented by amount in Row 9

        5.1%

      (12)Type of reporting person (see instructions)

        IN

Instructions for Cover Page

      (1)Names of Reporting Persons---Furnish the full legal
      name of each person for whom the report is filed--i.e., each person
      required to sign the
      schedule itself--including each member of a group.
      Do not include the name
      of a person required to be identified in the report
      but who is not a reporting person.
      (2)If any of the shares beneficially owned by a reporting
      person are held
      as a member of a group and that membership is expressly affirmed, please
      check row 2(a). If the reporting person disclaims
      membership in a group or
      describes a relationship with other person but does not affirm the
      existence of a group, please check row 2(b) [unless it is a joint filing
      pursuant to Rule 13d-1(k)(1) in which case it may not be necessary to
      check row 2(b)].
      (3)The third row is for SEC internal use; please leave blank.
      (4) Citizenship or Place of Organization---Furnish citizenship if the
      named reporting person is a natural person. Otherwise, furnish place of
      organization.
      (5)-(9), (11)Aggregated Amount Beneficially Owned By Each Reporting
      Person, etc.---Rows (5) through (9) inclusive, and (11) are to be
      completed in accordance with the provisions of Item 4
       of Schedule 13G. All
      percentages are to be rounded off to the nearest tenth (one place after
      decimal point).
      (10)Check if the aggregate amount reported as beneficially owned in
      row 9
      does not include shares as to which beneficial ownership is disclaimed
      pursuant to Rule 13d-4 under the Securities Exchange Act of 1934.
      (12)Type of Reporting Person---Please classify each "reporting person"
      according to the following breakdown (see Item 3 of Schedule 13G) and
      place the appropriate symbol on the form:


      CategorySymbol
      Broker DealerBD
      BankBK
      Insurance CompanyIC
      Investment CompanyIV
      Investment AdviserIA
      Employee Benefit Plan or Endowment FundEP
      Parent Holding Company/Control PersonHC
      Savings AssociationSA
      Church PlanCP
      CorporationCO
      PartnershipPN
      IndividualIN
      Non-U.S. InstitutionFI
      OtherOO



Notes:

Attach as many copies of the second part of the cover page as are needed, one
reporting person per page.

Filing persons may, in order to avoid unnecessary duplication, answer items on
the schedules (Schedule 13D, 13G, or TO) by appropriate cross references to an
item or items on the cover page(s). This approach may only be used where the
cover page item or items provide all the disclosure required by the schedule
item. Moreover, such a use of a cover page item will result in the item
becoming a part of the schedule and accordingly being considered as
"filed" for purposes
of Section 18 of the Securities Exchange Act or otherwise subject to the
liabilities of that section of the Act.

Reporting persons may comply with their cover page filing
requirements by filing
either completed copies of the blank forms available from the Commission,
printed or typed facsimiles, or computer printed facsimiles, provided the
documents filed have identical formats to the forms prescribed in the
Commission's regulations and meet existing Securities Exchange Act rules as to
such matters as clarity and size (Securities Exchange Act Rule 12b-12).







SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G

Under Sections 13(d), 13(g), and 23 of the Securities Exchange Act of 1934 and
the rules and regulations thereunder, the Commission is authorized to solicit
the information required to be supplied by this schedule by certain security
holders of certain issuers.

Disclosure of the information specified in this schedule is mandatory. The
information will be used for the primary purpose of determining and disclosing
the holdings of certain beneficial owners of certain equity securities. This
statement will be made a matter of public record. Therefore, any information
given will be available for inspection by any member of the public.

Because of the public nature of the information, the Commission
can use it for a
variety of purposes, including referral to other governmental authorities or
securities self-regulatory organizations for investigatory purposes or in
connection with litigation involving the Federal securities laws
or other civil,
criminal or regulatory statutes or provisions.

Failure to disclose the information requested by this schedule may result in
civil or criminal action against the persons involved for violation of the
Federal securities laws and rules promulgated thereunder.






General Instructions


  Statements filed pursuant to Rule 13d-1(b) containing the
  information required
  by this schedule shall be filed not later than February 14 following the
  calendar year covered by the statement or within the time specified in Rules
  13d-1(b)(2) and 13d-2(c). Statements filed pursuant to Rule 13d-1(c) shall be
  filed within the time specified in Rules 13d-1(c), 13d- 2(b) and 13d-2(d).
  Statements filed pursuant to Rule 13d-1(d) shall be filed not later than
  February 14 following the calendar year covered by the statement pursuant to
  Rules 13d-1(d) and 13d-2(b).


  Information contained in a form which is required to be filed by rules under
  Section 13(f) for the same calendar year as that covered by a statement on
  this schedule may be incorporated by reference in response to any
  of the items
  of this schedule. If such information is incorporated by reference in this
  schedule, copies of the relevant pages of such form shall be filed as an
  exhibit to this schedule.


  The item numbers and captions of the items shall be included but the text of
  the items is to be omitted. The answers to the items shall be so prepared as
  to indicate clearly the coverage of the items without referring
  to the text of
  the items. Answer every item. If an item is inapplicable or the answer is in
  the negative, so state.





Item 1.

      Item 1(a) Name of issuer:

      A.D.A.M., INC.

      Item 1(b) Address of issuer's principal executive offices:

      10 10TH Street NE
      Suite 500
      Atlanta, GA 30309-3848

Item 2.

      2(a) Name of person filing:

      Shorewater Advisors LLC is the investment manager of Shorewater Ltd
      and certain managed accounts.
      Charles V. Marais is the controlling person of Shorewater Advisors LLC.


      2(b) Address or principal business office or, if none, residence:

       The principal business office address for Shorewater Advisors LLc
       and Charles V. Marais is:

       3033 Excelsior Blvd  Suite 400
       Minneapolis, Mn 55416

      2(c) Citizenship:

      Shorewater Advisors LLC is a Limited Liability Company
      formed under the laws of the State of Minnesota

      Charles V. Marais is a citizen of the United Kingdom

      2(d) Title of class of securities:

      Common stock, $0.01 par value

      2(e) CUSIP No.:

       00088U108


Item 3.

If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b)
or (c), check whether the person filing is a:
  [ ] Broker or dealer registered under Section 15 of the Act;


  [ ] Bank as defined in Section 3(a)(6) of the Act;


  [ ] Insurance company as defined in Section 3(a)(19) of the Act;


  [ ] Investment company registered under Section 8 of the Investment Company
  Act of 1940;


  [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);


  [ ] An employee benefit plan or endowment fund in accordance with Rule
  13d-1(b)(1)(ii)(F);


  [ ] A parent holding company or control person in accordance with Rule
  13d-1(b)(1)(ii)(G);


  [ ] A savings associations as defined in Section 3(b) of the Federal Deposit
  Insurance Act (12 U.S.C. 1813);


  [ ] A church plan that is excluded from the definition of an investment
  company under section 3(c)(14) of the Investment Company Act of 1940;


  [ ] A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);


  [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).


 If filing as a non-U.S. institution in accordance with
 Rule 240.13d-1(b)(1)(ii)(J),
 please specify the type of institution: ____






Item 4. Ownership

Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.

1. Shorewater Advisors LLC

  (a)Amount beneficially owned:  553,782 shares of common stock

  (b)Percent of class:  5.1% of all oustanding shares of common stock

  (c)Number of shares as to which such person has:


     (i) Sole power to vote or to direct the vote:

        Not applicable

     (ii) Shared power to vote or to direct the vote:

         Shorewater Advisors LLC and Charles V. Marais have shared power
         to vote or direct the vote of 553,782 shares of common stock.

     (iii) Sole power to dispose or to direct the disposition of:

         Not applicable

      (iv) Shared power to dispose or to direct the disposition of:

         Shorewater Advisors LLC and Charles V. Marais have the power to
         dispose or direct the disposition of 553,782 shares
         of common stock.


2. Charles V. Marais

  (a)Amount beneficially owned:  553,782 shares of common stock

  (b)Percent of class:  5.1% of all oustanding shares of common stock

  (c)Number of shares as to which such person has:


     (i) Sole power to vote or to direct the vote:

        Not applicable

     (ii) Shared power to vote or to direct the vote:

         Shorewater Advisors LLC and Charles V. Marais have shared power
         to vote or direct the vote of 553,782 shares of common stock.

     (iii) Sole power to dispose or to direct the disposition of:

         Not applicable

      (iv) Shared power to dispose or to direct the disposition of:

         Shorewater Advisors LLC and Charles V. Marais have the power to
         dispose or direct the disposition of 553,782 shares
         of common stock.


    Instruction. For computations regarding securities which represent a right
    to acquire an underlying security see Rule 13d-3(d)(1).




Item 5.

Ownership of 5 Percent or Less of a Class.

        Not Applicable

If this statement is being filed to
report the fact that as of the date hereof the reporting person has
ceased to be
the beneficial owner of more than 5 percent of the class of securities, check
the following [ ].

Instruction. Dissolution of a group requires a response to this item.



Item 6.

Ownership of More than 5 Percent on Behalf of Another Person

       Not Applicable


If any other person is known to have the right to receive or the
power to direct
the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than 5 percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940
or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.



Item 7.

Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company or Control Person.

       Not Applicable


If a parent holding company or control person has filed this schedule pursuant
to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit
stating the identity and the Item 3 classification of the relevant subsidiary.
If a parent holding company or control person has filed this schedule pursuant
to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification
of the relevant subsidiary.



Item 8.

 Identification and Classification of Members of the Group

        Shorewater Advisors as investment manager for Shorewater Ltd and
        certain managed accounts.
        Charles V. Marais as controlling person for Shorewater Advisors.


If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(J),
so indicate
under Item 3(j) and attach an exhibit stating the identity and Item 3
classification of each member of the group. If a group has filed this schedule
pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the
identity of each member of the group.



Item 9.

Notice of Dissolution of Group

         Not Applicable


Notice of dissolution of a group may be furnished as an exhibit
stating the date
of the dissolution and that all further filings with respect to transactions in
the security reported on will be filed, if required, by members
of the group, in their individual capacity. See Item 5.



Item 10.

Certifications


    By signing below I certify that, to the best of my knowledge and belief,
    the securities referred to above were not acquired and are
    not held for the purpose of or with the effect of changing or
    influencing the control of the
    issuer of the securities and were not acquired and are not held in
    connection with or as a participant in any transaction having that purpose
    or effect.




Signature.

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.


      Dated: November 24th, 2010


      Signature:

		 Shorewater Advisors LLC
                       By: /s/ Charles V. Marais
                           CEO of Shorewater Advisors LLC


		 Charles V. Marais
                       By: /s/ Charles V. Marais
                           Individual