-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Tp3sEWmah6s8wZzPbfQOvU320xGu/0oM/9P4vlpZ0sHTt8JaKG3IY/Gz/XsI73jX
 lkQGBnqXD1RCu0lVWhqNKw==

<SEC-DOCUMENT>0001013762-03-000244.txt : 20030702
<SEC-HEADER>0001013762-03-000244.hdr.sgml : 20030702
<ACCEPTANCE-DATETIME>20030702153844
ACCESSION NUMBER:		0001013762-03-000244
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030627
FILED AS OF DATE:		20030702

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WALTMAN HOWARD
		CENTRAL INDEX KEY:			0001212743

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21475
		FILM NUMBER:		03771860

	MAIL ADDRESS:	
		STREET 1:		870 UNITED NATIONS PLZ
		STREET 2:		APT 10F
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER NAME:	
		FORMER CONFORMED NAME:	WALTHMAN HOWARD
		DATE OF NAME CHANGE:	20030103

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EMERGENT GROUP INC/NY
		CENTRAL INDEX KEY:			0001021097
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MISC DURABLE GOODS [5090]
		IRS NUMBER:				931215401
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		375 PARK AVENUE 36TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10152
		BUSINESS PHONE:		7183694160

	MAIL ADDRESS:	
		STREET 1:		375 PARK AVE 36TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10152

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DYNAMIC INTERNATIONAL LTD
		DATE OF NAME CHANGE:	19960815
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>july1form4waltman_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   04/22/03  TZ    -->
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-06-27</periodOfReport>
    <issuer>
        <issuerCik>0001021097</issuerCik>
        <issuerName>EMERGENT GROUP INC/NY</issuerName>
        <issuerTradingSymbol>EMGR</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
      <reportingOwnerId>
            <rptOwnerCik>0001212743</rptOwnerCik>
            <rptOwnerName>WALTMAN HOWARD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>0</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
       </reportingOwnerRelationship>
   </reportingOwner>
   <derivativeSecurity>
      <securityTitle>
         <value>Promissory Notes</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>.01</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-06-27</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>A</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>10000000</value>
         </transactionShares>
         <transactionValue>
           <value>.01</value>
         </transactionValue>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2003-08-29</value>
            <footnoteId id="F1"/>
      </exerciseDate>
      <expirationDate>
         <value>2003-12-31</value>
            <footnoteId id="F1"/>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>10000000</value>
            <footnoteId id="F1"/>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>13000000</value>
            <footnoteId id="F1"/>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <footnotes>
<footnote id="F1"> In June 2003, Mr. Waltman purchased promissory notes from the Issuer in the principal amount of $100,000. The notes which are currently not convertible automatically convert on the effective date of a proposed one-for-40 reverse stock split. The Issuer intends to mail an Information Statement to stockholders to take action by majority consent in lieu of a meeting with a proposed effective date of the reverse stock split on August 29, 2003. The Board of Directors of the Issuer has sufficient stockholder votes to enact the reverse stock split. Mr. Waltman's 10,000,000 pre-split shares is equivalent to 250,000 post-split shares. The 13,000,000 shares shown in column 9 is equivalent to 325,000 post-split shares</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>Howard Waltman</signatureName>
      <signatureDate>2003-06-27</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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