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		<isConfidential>false</isConfidential>
		<filerInfo>

			<filer>
				<issuerCredentials>
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					<ccc>XXXXXXXX</ccc>
				</issuerCredentials>
			</filer>

			<seriesClassInfo>
				<seriesId>S000012125</seriesId>
				<classId>C000033067</classId>
				<classId>C000033068</classId>
				<classId>C000033069</classId>
				<classId>C000033070</classId>
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		</filerInfo>
	</headerData>
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		<genInfo>
			<regName>AMERICAN GROWTH FUND INC</regName>
			<regFileNumber>811-00825</regFileNumber>
			<regCik>0000005138</regCik>
			<regLei>00000000000000000000</regLei>
			<regStreet1>1636 LOGAN STREET</regStreet1>
			<regCity>DENVER</regCity>
			<regStateConditional regCountry="US" regState="US-CO"/>
			<regZipOrPostalCode>80203</regZipOrPostalCode>
			<regPhone>303-626-0600</regPhone>
			<seriesName>AMERICAN GROWTH FUND Series One</seriesName>
			<seriesId>S000012125</seriesId>
			<seriesLei>N/A</seriesLei>
			<repPdEnd>2020-07-31</repPdEnd>
			<repPdDate>2020-04-30</repPdDate>
			<isFinalFiling>N</isFinalFiling>
		</genInfo>
		<fundInfo>
			<totAssets>16866688.18</totAssets>
			<totLiabs>43332.21</totLiabs>
			<netAssets>16823355.97</netAssets>
			<assetsAttrMiscSec>0</assetsAttrMiscSec>
			<assetsInvested>0</assetsInvested>
			<amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr>
			<amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp>
			<amtPayOneYrOthAffil>0</amtPayOneYrOthAffil>
			<amtPayOneYrOther>0</amtPayOneYrOther>
			<amtPayAftOneYrBanksBorr>0</amtPayAftOneYrBanksBorr>
			<amtPayAftOneYrCtrldComp>0</amtPayAftOneYrCtrldComp>
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			<amtPayAftOneYrOther>0</amtPayAftOneYrOther>
			<delayDeliv>0</delayDeliv>
			<standByCommit>0</standByCommit>
			<liquidPref>0</liquidPref>
			<cshNotRptdInCorD>0</cshNotRptdInCorD>
			<isNonCashCollateral>N</isNonCashCollateral>
			<returnInfo>
				<monthlyTotReturns>
					<monthlyTotReturn classId="C000033067" rtn1="9.46" rtn2="-12.09" rtn3="-8.35"/>
					<monthlyTotReturn classId="C000033068" rtn1="9.35" rtn2="-11.78" rtn3="-8.47"/>
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					<monthlyTotReturn classId="C000033070" rtn1="9.55" rtn2="-11.11" rtn3="-8.67"/>
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				<monthlyReturnCats/>
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				<othMon2 netRealizedGain="-151938.17" netUnrealizedAppr="-1934343.8"/>
				<othMon3 netRealizedGain="-1720.38" netUnrealizedAppr="-1601313.37"/>
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				<identifiers>
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					<ticker value="BABA"/>
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				<pctVal>1.3492575465</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
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				<invCountry>HK</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
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			<invstOrSec>
				<name>Alphabet, Inc.</name>
				<lei>5493006MHB84DD0ZWV18</lei>
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				<identifiers>
					<isin value="US02079K3059"/>
					<ticker value="GOOGL"/>
				</identifiers>
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				<units>NS</units>
				<curCd>USD</curCd>
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				<payoffProfile>Long</payoffProfile>
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				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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					<isNonCashCollateral>N</isNonCashCollateral>
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			</invstOrSec>
			<invstOrSec>
				<name>Amazon Com Inc</name>
				<lei>ZXTILKJKG63JELOEG630</lei>
				<title>Common Stock</title>
				<cusip>023135106</cusip>
				<identifiers>
					<isin value="US0231351067"/>
					<ticker value="AMZN"/>
				</identifiers>
				<balance>100</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>247400</valUSD>
				<pctVal>1.4705746014</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Amgen Inc.</name>
				<lei>62QBXGPJ34PQ72Z12S66</lei>
				<title>Common Stock</title>
				<cusip>031162100</cusip>
				<identifiers>
					<isin value="US0311621009"/>
					<ticker value="AMGN"/>
				</identifiers>
				<balance>4731</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1131749.82</valUSD>
				<pctVal>6.7272535992</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Apple, Inc.</name>
				<lei>HWUPKR0MPOU8FGXBT394</lei>
				<title>Common Stock</title>
				<cusip>037833100</cusip>
				<identifiers>
					<isin value="US0378331005"/>
					<ticker value="AAPL"/>
				</identifiers>
				<balance>1704</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>500635.2</valUSD>
				<pctVal>2.9758343157</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
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			</invstOrSec>
			<invstOrSec>
				<name>AT&amp;T, Inc.</name>
				<lei>549300Z40J86GGSTL398</lei>
				<title>Common Stock</title>
				<cusip>00206R102</cusip>
				<identifiers>
					<isin value="US00206R1023"/>
					<ticker value="T"/>
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				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>361099.97</valUSD>
				<pctVal>2.1464205515</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
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			</invstOrSec>
			<invstOrSec>
				<name>Balchem Corp</name>
				<lei>549300VR70OPMHUI3557</lei>
				<title>Common Stock</title>
				<cusip>057665200</cusip>
				<identifiers>
					<isin value="US0576652004"/>
					<ticker value="BCPC"/>
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				<balance>1575</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>140553</valUSD>
				<pctVal>0.8354635083</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Boeing Co</name>
				<lei>RVHJWBXLJ1RFUBSY1F30</lei>
				<title>Common Stock</title>
				<cusip>097023105</cusip>
				<identifiers>
					<isin value="US0970231058"/>
					<ticker value="BA"/>
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				<balance>540</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>76150.8</valUSD>
				<pctVal>0.452649282</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Caterpillar Inc.</name>
				<lei>WRJR7GS4GTRECRRTVX92</lei>
				<title>Common Stock</title>
				<cusip>149123101</cusip>
				<identifiers>
					<isin value="US1491231015"/>
					<ticker value="CAT"/>
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				<balance>1471</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>171194.98</valUSD>
				<pctVal>1.0176030294</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Charter Communications Inc.</name>
				<lei>0J0XRGZE3PBRFEZ7MV65</lei>
				<title>Common Stock</title>
				<cusip>16119P108</cusip>
				<identifiers>
					<isin value="US16119P1084"/>
					<ticker value="CHTR"/>
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				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1170228.49</valUSD>
				<pctVal>6.9559753243</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
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					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Chemed Corp</name>
				<lei>54930020031IDJT2IM79</lei>
				<title>Common Stock</title>
				<cusip>16359R103</cusip>
				<identifiers>
					<isin value="US16359R1032"/>
					<ticker value="CHE"/>
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				<balance>3825</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1593380.25</valUSD>
				<pctVal>9.4712389897</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
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			</invstOrSec>
			<invstOrSec>
				<name>Cisco System</name>
				<lei>8E6NF1YAL0WT6CWXXV93</lei>
				<title>Common Stock</title>
				<cusip>17275R102</cusip>
				<identifiers>
					<isin value="US17275R1023"/>
					<ticker value="CSCO"/>
				</identifiers>
				<balance>20438</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>866162.44</valUSD>
				<pctVal>5.1485710791</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
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			</invstOrSec>
			<invstOrSec>
				<name>DollarTree, Inc.</name>
				<lei>549300PMSTQITB1WHR43</lei>
				<title>Common Stock</title>
				<cusip>256746108</cusip>
				<identifiers>
					<isin value="US2567461080"/>
					<ticker value="DLTR"/>
				</identifiers>
				<balance>1145</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>91222.15</valUSD>
				<pctVal>0.5422351531</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
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					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
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			</invstOrSec>
			<invstOrSec>
				<name>Eaton Corp Plc</name>
				<lei>0NZWDMRCE180888QQE14</lei>
				<title>Common Stock</title>
				<cusip>G29183103</cusip>
				<identifiers>
					<isin value="US2780581029"/>
					<ticker value="ETN"/>
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				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>80995</valUSD>
				<pctVal>0.4814437746</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>IE</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
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					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
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			<invstOrSec>
				<name>Facebook, Inc</name>
				<lei>BQ4BKCS1HXDV9HN80Z93</lei>
				<title>Common Stock</title>
				<cusip>30303M102</cusip>
				<identifiers>
					<isin value="US30303M1027"/>
					<ticker value="FB"/>
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				<balance>1521</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>311363.91</valUSD>
				<pctVal>1.8507835806</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
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					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
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			</invstOrSec>
			<invstOrSec>
				<name>Fair Isaac &amp; Co.</name>
				<lei>RI6HET5SJUEY30V1PS26</lei>
				<title>Common Stock</title>
				<cusip>303250104</cusip>
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					<isin value="US3032501047"/>
					<ticker value="FICO"/>
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				<balance>5165</balance>
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				<curCd>USD</curCd>
				<valUSD>1822935.1</valUSD>
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				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
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					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
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			<invstOrSec>
				<name>Flowserve Corp</name>
				<lei>6Y0GK87T6V7NJKZJVM41</lei>
				<title>Common Stock</title>
				<cusip>34354P105</cusip>
				<identifiers>
					<isin value="US34354P1057"/>
					<ticker value="FLS"/>
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				<curCd>USD</curCd>
				<valUSD>261445.77</valUSD>
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				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>HCA Healthcare Inc</name>
				<lei>529900PH4ZGUH2MNEU89</lei>
				<title>Common Stock</title>
				<cusip>40412C101</cusip>
				<identifiers>
					<isin value="US40412C1018"/>
					<ticker value="HCA"/>
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				<balance>760</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>83508.8</valUSD>
				<pctVal>0.4963860965</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Home Depot Inc. (The)</name>
				<lei>QEKMOTMBBKA8I816DO57</lei>
				<title>Common Stock</title>
				<cusip>437076102</cusip>
				<identifiers>
					<isin value="US4370761029"/>
					<ticker value="HD"/>
				</identifiers>
				<balance>1140</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>250606.2</valUSD>
				<pctVal>1.4896326301</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Honeywell Intl Inc.</name>
				<lei>ISRPG12PN4EIEOEMW547</lei>
				<title>Common Stock</title>
				<cusip>438516106</cusip>
				<identifiers>
					<isin value="US4385161066"/>
					<ticker value="HON"/>
				</identifiers>
				<balance>2291</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>325092.9</valUSD>
				<pctVal>1.9323903065</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Intel Corp</name>
				<lei>KNX4USFCNGPY45LOCE31</lei>
				<title>Common Stock</title>
				<cusip>458140100</cusip>
				<identifiers>
					<isin value="US4581401001"/>
					<ticker value="INTC"/>
				</identifiers>
				<balance>12569</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>753888.62</valUSD>
				<pctVal>4.4812023317</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>J B Hunt Transport Services Inc.</name>
				<lei>549300XCD1MPI1C5GK90</lei>
				<title>Common Stock</title>
				<cusip>445658107</cusip>
				<identifiers>
					<isin value="US4456581077"/>
					<ticker value="JBHT"/>
				</identifiers>
				<balance>400</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>40448</valUSD>
				<pctVal>0.2404276535</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Johnson &amp; Johnson</name>
				<lei>549300G0CFPGEF6X2043</lei>
				<title>Common Stock</title>
				<cusip>478160104</cusip>
				<identifiers>
					<isin value="US4781601046"/>
					<ticker value="JNJ"/>
				</identifiers>
				<balance>796</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>119431.84</valUSD>
				<pctVal>0.7099168573</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Kansas City Southern</name>
				<lei>5493008C12PZMWP3WY03</lei>
				<title>Common Stock</title>
				<cusip>485170302</cusip>
				<identifiers>
					<isin value="US4851703029"/>
					<ticker value="KSU"/>
				</identifiers>
				<balance>5368</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>700792.4</valUSD>
				<pctVal>4.1655921758</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>KraneShares Tr Bosera MSCI China A ETF</name>
				<lei>549300COS8LSFBN8GG59</lei>
				<title>Common Stock</title>
				<cusip>500767405</cusip>
				<identifiers>
					<isin value="US5007674055"/>
					<ticker value="KBA"/>
				</identifiers>
				<balance>3550</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>108630</valUSD>
				<pctVal>0.6457094541</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>RF</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Markel Corp</name>
				<lei>549300SCNO12JLWIK605</lei>
				<title>Common Stock</title>
				<cusip>570535104</cusip>
				<identifiers>
					<isin value="US5705351048"/>
					<ticker value="MKL"/>
				</identifiers>
				<balance>100</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>86584</valUSD>
				<pctVal>0.5146654458</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Microsoft Corporation</name>
				<lei>INR2EJN1ERAN0W5ZP974</lei>
				<title>Common Stock</title>
				<cusip>594918104</cusip>
				<identifiers>
					<isin value="US5949181045"/>
					<ticker value="MSFT"/>
				</identifiers>
				<balance>3109</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>557163.89</valUSD>
				<pctVal>3.3118474756</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Middleby Corp</name>
				<lei>JDFO86U9VQRBKW5KYA35</lei>
				<title>Common Stock</title>
				<cusip>596278101</cusip>
				<identifiers>
					<isin value="US5962781010"/>
					<ticker value="MIDD"/>
				</identifiers>
				<balance>5522</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>307188.86</valUSD>
				<pctVal>1.825966594</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>NewMarket Corp</name>
				<lei>54930082CG88ERDREQ47</lei>
				<title>Common Stock</title>
				<cusip>651587107</cusip>
				<identifiers>
					<isin value="US6515871076"/>
					<ticker value="NEU"/>
				</identifiers>
				<balance>241</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>99157.04</valUSD>
				<pctVal>0.5894010694</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Norfolk Souther Corp</name>
				<lei>54930036C8MWP850MI84</lei>
				<title>Common Stock</title>
				<cusip>655844108</cusip>
				<identifiers>
					<isin value="US6558441084"/>
					<ticker value="NSC"/>
				</identifiers>
				<balance>620</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>106082</valUSD>
				<pctVal>0.6305638434</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Novo Nordisk A/S</name>
				<lei>549300DAQ1CVT6CXN342</lei>
				<title>Common Stock</title>
				<cusip>670100205</cusip>
				<identifiers>
					<isin value="US6701002056"/>
					<ticker value="NVO"/>
				</identifiers>
				<balance>3490</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>221021.7</valUSD>
				<pctVal>1.313778894</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>DK</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Nvidia Corp</name>
				<lei>549300S4KLFTLO7GSQ80</lei>
				<title>Common Stock</title>
				<cusip>67066G104</cusip>
				<identifiers>
					<isin value="US67066G1040"/>
					<ticker value="NVDA"/>
				</identifiers>
				<balance>180</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>52610.4</valUSD>
				<pctVal>0.3127223848</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>NVR Inc</name>
				<lei>529900RWXR4JI3JYTV70</lei>
				<title>Common Stock</title>
				<cusip>62944T105</cusip>
				<identifiers>
					<isin value="US62944T1051"/>
					<ticker value="NVR"/>
				</identifiers>
				<balance>31</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>96100</valUSD>
				<pctVal>0.5712296653</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Old Dominion Fght Lines Inc</name>
				<lei>5299009TWK32WE417T96</lei>
				<title>Common Stock</title>
				<cusip>679580100</cusip>
				<identifiers>
					<isin value="US6795801009"/>
					<ticker value="ODFL"/>
				</identifiers>
				<balance>945</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>137299.05</valUSD>
				<pctVal>0.8161216481</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Paychex Inc.</name>
				<lei>529900K900DW6SUBM174</lei>
				<title>Common Stock</title>
				<cusip>704326107</cusip>
				<identifiers>
					<isin value="US7043261079"/>
					<ticker value="PAYX"/>
				</identifiers>
				<balance>1651</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>113126.52</valUSD>
				<pctVal>0.6724372961</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Raytheon Technologies Corporation</name>
				<lei>I07WOS4YJ0N7YRFE7309</lei>
				<title>Common Stock</title>
				<cusip>75513E101</cusip>
				<identifiers>
					<isin value="US75513E1010"/>
					<ticker value="RTX"/>
				</identifiers>
				<balance>1120</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>72587.2</valUSD>
				<pctVal>0.4314668258</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Select Ins Grp</name>
				<lei>549300R3WGJWLE40R258</lei>
				<title>Common Stock</title>
				<cusip>816300107</cusip>
				<identifiers>
					<isin value="US8163001071"/>
					<ticker value="SIGI"/>
				</identifiers>
				<balance>2088</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>104671.44</valUSD>
				<pctVal>0.6221793094</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Starbucks Corporation</name>
				<lei>OQSJ1DU9TAOC51A47K68</lei>
				<title>Common Stock</title>
				<cusip>855244109</cusip>
				<identifiers>
					<isin value="US8552441094"/>
					<ticker value="SBUX"/>
				</identifiers>
				<balance>2748</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>210854.04</valUSD>
				<pctVal>1.2533411311</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Tencent Holdings</name>
				<lei>254900N4SLUMW4XUYY11</lei>
				<title>Common Stock</title>
				<cusip>88032Q109</cusip>
				<identifiers>
					<isin value="US88032Q1094"/>
					<ticker value="TCEHY"/>
				</identifiers>
				<balance>2200</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>115764</valUSD>
				<pctVal>0.6881147864</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CH</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Teradyne, Inc.</name>
				<lei>C3X4YJ278QNZHRJULN75</lei>
				<title>Common Stock</title>
				<cusip>880770102</cusip>
				<identifiers>
					<isin value="US8807701029"/>
					<ticker value="TER"/>
				</identifiers>
				<balance>25930</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1621662.2</valUSD>
				<pctVal>9.6393502158</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Tractor Supply</name>
				<lei>549300OJ9VZHZRO6I137</lei>
				<title>Common Stock</title>
				<cusip>892356106</cusip>
				<identifiers>
					<isin value="US8923561067"/>
					<ticker value="TSCO"/>
				</identifiers>
				<balance>1300</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>131859</valUSD>
				<pctVal>0.7837853531</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>UnitedHealth GRP</name>
				<lei>549300GHBMY8T5GXDE41</lei>
				<title>Common Stock</title>
				<cusip>91324P102</cusip>
				<identifiers>
					<isin value="US91324P1021"/>
					<ticker value="UNH"/>
				</identifiers>
				<balance>380</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>111138.6</valUSD>
				<pctVal>0.6606208666</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Verizon Communication</name>
				<lei>2S72QS2UO2OESLG6Y829</lei>
				<title>Common Stock</title>
				<cusip>92343V104</cusip>
				<identifiers>
					<isin value="US92343V1044"/>
					<ticker value="VZ"/>
				</identifiers>
				<balance>940</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>54003</valUSD>
				<pctVal>0.3210001625</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>VESTAS W-UNS ADR</name>
				<lei>549300DYMC8BGZZC8844</lei>
				<title>Common Stock</title>
				<cusip>925458101</cusip>
				<identifiers>
					<isin value="US9254581013"/>
					<ticker value="VWDRY"/>
				</identifiers>
				<balance>2500</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>71537.5</valUSD>
				<pctVal>0.425227286</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>DK</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Waste Management</name>
				<lei>549300YX8JIID70NFS41</lei>
				<title>Common Stock</title>
				<cusip>94106L109</cusip>
				<identifiers>
					<isin value="US94106L1098"/>
					<ticker value="WM"/>
				</identifiers>
				<balance>6498</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>649929.96</valUSD>
				<pctVal>3.8632598701</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
		</invstOrSecs>
		<signature>

			<ncom:dateSigned>2020-06-29</ncom:dateSigned>
			<ncom:nameOfApplicant>AMERICAN GROWTH FUND INC</ncom:nameOfApplicant>
			<ncom:signature>/s/ Timothy E. Taggart</ncom:signature>
			<ncom:signerName>Timothy E. Taggart</ncom:signerName>
			<ncom:title>President</ncom:title>
		</signature>
	</formData>
	<documents>XXXX</documents>
</edgarSubmission>
