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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 HkAjlnL9OdfAJyiM3J9mYHw7Dpt0/BEhWjS5ClQhH5q2PHsto2NOFYsvOigYdwW1
 32d3uiY6nF0NfZJuVavv9Q==

<SEC-DOCUMENT>0001013762-03-000246.txt : 20030702
<SEC-HEADER>0001013762-03-000246.hdr.sgml : 20030702
<ACCEPTANCE-DATETIME>20030702155239
ACCESSION NUMBER:		0001013762-03-000246
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:			BUTHER LOUIS
		CENTRAL INDEX KEY:			0001212741

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21475
		FILM NUMBER:		03771965

	MAIL ADDRESS:	
		STREET 1:		145 HUGUENOT ST
		STREET 2:		STE 405
		CITY:			NEW ROCHELLE
		STATE:			NY
		ZIP:			10801

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>form4buther_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>0001212741</rptOwnerCik>
            <rptOwnerName>BUTHER LOUIS</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>0</isDirector>
         <isOfficer>1</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
         <officerTitle>President</officerTitle>
       </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>6000000</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>6000000</value>
            <footnoteId id="F1"/>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>15090908</value>
            <footnoteId id="F1"/>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
         <value>Rights</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>.005</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2004-06-27</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>A</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>9090908</value>
         </transactionShares>
         <transactionValue>
           <value>.005</value>
         </transactionValue>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2003-08-04</value>
            <footnoteId id="F2"/>
      </exerciseDate>
      <expirationDate>
         <value>2004-01-31</value>
            <footnoteId id="F2"/>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>9090908</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>15090908</value>
            <footnoteId id="F1"/>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <footnotes>
<footnote id="F1"> In June 2003, Mr. Buther purchased promissory notes from the Issuer in the principal amount of $60,000. 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 of August 29, 2003. The Board of Directors of the Issuer has sufficient votes to enact the reverse stock split. Mr. Buthers 6,000,000 pre-split shares is equivalent to 150,000 post-split shares and the 15,090,908 pre-split shares are equivalent to 377,273 post-split shares</footnote>

<footnote id="F2"> These rights will be granted to Mr. Buther upon receipt of stockholder approval of the reverse stock split and shall become immediately exercisable through the expiration date of January 31 2004.</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>Louis Buther</signatureName>
      <signatureDate>2003-06-27</signatureDate>
   </ownerSignature>
</ownershipDocument>

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