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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 lYRvdjmSR3/WyESSRLTF7A==

<SEC-DOCUMENT>0001013762-08-000511.txt : 20080310
<SEC-HEADER>0001013762-08-000511.hdr.sgml : 20080310
<ACCEPTANCE-DATETIME>20080310171608
ACCESSION NUMBER:		0001013762-08-000511
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080306
FILED AS OF DATE:		20080310
DATE AS OF CHANGE:		20080310

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:		932 GRAND CENTRAL AVENUE
		CITY:			GLENDALE
		STATE:			CA
		ZIP:			91201
		BUSINESS PHONE:		818-240-8250

	MAIL ADDRESS:	
		STREET 1:		932 GRAND CENTRAL AVENUE
		CITY:			GLENDALE
		STATE:			CA
		ZIP:			91201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DYNAMIC INTERNATIONAL LTD
		DATE OF NAME CHANGE:	19960815

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Reade Deane K Jr
		CENTRAL INDEX KEY:			0001338007

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21475
		FILM NUMBER:		08678545

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		212-573-6716

	MAIL ADDRESS:	
		STREET 1:		605 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10158
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>mar202007form4reade_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-03-06</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001021097</issuerCik>
        <issuerName>EMERGENT GROUP INC/NY</issuerName>
        <issuerTradingSymbol>EMGP</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001338007</rptOwnerCik>
            <rptOwnerName>Reade Deane K Jr</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>605 THIRD AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10158</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2008-03-06</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>10000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.02</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>40000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On March 6, 2008, the Board of Directors granted the reporting person a restricted stock award of the number of shares set
 forth in the table. The shares will vest in five equal annual installments beginning on March 6, 2009 and are subject to
 the reporting person continuing to serve as an officer or director of the Issuer.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Deane Reade, Jr.</signatureName>
        <signatureDate>2008-03-10</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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