<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
	<headerData>
		<submissionType>NPORT-P</submissionType>
		<isConfidential>false</isConfidential>
		<filerInfo>

			<filer>
				<issuerCredentials>
					<cik>0000005138</cik>
					<ccc>XXXXXXXX</ccc>
				</issuerCredentials>
			</filer>

			<seriesClassInfo>
				<seriesId>S000030968</seriesId>
				<classId>C000096005</classId>
				<classId>C000096006</classId>
			</seriesClassInfo>


		</filerInfo>
	</headerData>
	<formData>
		<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 American Growth Cannabis Fund</seriesName>
			<seriesId>S000030968</seriesId>
			<seriesLei>00000000000000000000</seriesLei>
			<repPdEnd>2022-07-31</repPdEnd>
			<repPdDate>2022-04-30</repPdDate>
			<isFinalFiling>N</isFinalFiling>
		</genInfo>
		<fundInfo>
			<totAssets>297614.58</totAssets>
			<totLiabs>1488.64</totLiabs>
			<netAssets>296125.94</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>
			<amtPayAftOneYrOthAffil>0</amtPayAftOneYrOthAffil>
			<amtPayAftOneYrOther>0</amtPayAftOneYrOther>
			<delayDeliv>0</delayDeliv>
			<standByCommit>0</standByCommit>
			<liquidPref>0</liquidPref>
			<cshNotRptdInCorD>0</cshNotRptdInCorD>
			<isNonCashCollateral>N</isNonCashCollateral>
			<returnInfo>
				<monthlyTotReturns>
					<monthlyTotReturn classId="C000096005" rtn1="-20.34" rtn2="3.51" rtn3="1.79"/>
				</monthlyTotReturns>
				<monthlyReturnCats/>
				<othMon1 netRealizedGain="-76600.03" netUnrealizedAppr="10112.13"/>
				<othMon2 netRealizedGain="-3512.79" netUnrealizedAppr="11143.13"/>
				<othMon3 netRealizedGain="0" netUnrealizedAppr="-13672.23"/>
			</returnInfo>
			<mon1Flow redemption="854.63" reinvestment="0" sales="0"/>
			<mon2Flow redemption="0" reinvestment="0" sales="194.86"/>
			<mon3Flow redemption="10204.46" reinvestment="0" sales="50924.14"/>
		</fundInfo>
		<invstOrSecs>
			<invstOrSec>
				<name>Amplify Seymour Cannabis ETF</name>
				<lei>549300YQGFP4GV6EUN53</lei>
				<title>Exchange Traded Fund</title>
				<cusip>032108854</cusip>
				<identifiers>
					<isin value="US0321088546"/>
					<ticker value="CNBS"/>
				</identifiers>
				<balance>1270</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>11988.8</valUSD>
				<pctVal>4.0485477226</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>AURORA CANNABIS INC</name>
				<lei>549300F6VHCLKCUWDT34</lei>
				<title>Common Stock</title>
				<cusip>05156X884</cusip>
				<identifiers>
					<isin value="CA05156X8843"/>
					<ticker value="ACB"/>
				</identifiers>
				<balance>3811</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>11547.33</valUSD>
				<pctVal>3.8994658827</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CA</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>CANOPY GROWTH CORP</name>
				<lei>529900CSD7NH1UBC9X07</lei>
				<title>Common Stock</title>
				<cusip>138035100</cusip>
				<identifiers>
					<isin value="CA1380351009"/>
					<ticker value="CGC"/>
				</identifiers>
				<balance>1313</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>7497.23</valUSD>
				<pctVal>2.5317707729</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CA</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>cbdMD, Inc.</name>
				<lei>N/A</lei>
				<title>Common Stock</title>
				<cusip>12482W101</cusip>
				<identifiers>
					<isin value="US12482W1018"/>
					<ticker value="YCBD"/>
				</identifiers>
				<balance>9648</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>6174.72</valUSD>
				<pctVal>2.0851668719</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>GrowGeneration Corp.</name>
				<lei>N/A</lei>
				<title>Common Stock</title>
				<cusip>39986L109</cusip>
				<identifiers>
					<isin value="US39986L1098"/>
					<ticker value="GRWG"/>
				</identifiers>
				<balance>770</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>4550.7</valUSD>
				<pctVal>1.5367448053</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>HEXO CORP COM</name>
				<lei>529900NCXLID5EDY2E78</lei>
				<title>Common Stock</title>
				<cusip>428304307</cusip>
				<identifiers>
					<isin value="CA4283041097"/>
					<ticker value="HEXO"/>
				</identifiers>
				<balance>6080</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2508.61</valUSD>
				<pctVal>0.847142942</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CA</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Innovative Industrial Properties Inc.</name>
				<lei>5493008BQ0545EZXRR30</lei>
				<title>Common Stock</title>
				<cusip>45781V101</cusip>
				<identifiers>
					<isin value="US45781V1017"/>
					<ticker value="IIPR"/>
				</identifiers>
				<balance>160</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>23134.4</valUSD>
				<pctVal>7.8123517312</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>Lifeist Wellness Inc</name>
				<lei>52990075EOPRFYZVVK62</lei>
				<title>Common Stock</title>
				<cusip>53228D106</cusip>
				<identifiers>
					<isin value="US53228D1063"/>
					<ticker value="NXTTF"/>
				</identifiers>
				<balance>325055</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>17520.46</valUSD>
				<pctVal>5.9165569892</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CA</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Neptune Wellness Solutions Inc.</name>
				<lei>N/A</lei>
				<title>Common Stock</title>
				<cusip>64079L105</cusip>
				<identifiers>
					<isin value="US64079L1052"/>
					<ticker value="NEPT"/>
				</identifiers>
				<balance>31020</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>5270.3</valUSD>
				<pctVal>1.7797495214</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CA</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>ORGANIGRAM HOLDINGS INC</name>
				<lei>N/A</lei>
				<title>Common Stock</title>
				<cusip>68620P101</cusip>
				<identifiers>
					<isin value="CA68620P1018"/>
					<ticker value="OGI"/>
				</identifiers>
				<balance>12034</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>16967.94</valUSD>
				<pctVal>5.729974213</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CA</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Power REIT</name>
				<lei>549300GLI9IPZRYGFI71</lei>
				<title>Common Stock</title>
				<cusip>73933H101</cusip>
				<identifiers>
					<isin value="US73933H1014"/>
					<ticker value="PW"/>
				</identifiers>
				<balance>520</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>13967.15</valUSD>
				<pctVal>4.7166249603</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>Sundail Growers Inc.</name>
				<lei>549300O3OT13PHMLHI97</lei>
				<title>Common Stock</title>
				<cusip>86730L109</cusip>
				<identifiers>
					<isin value="US86730L1098"/>
					<ticker value="SNDL"/>
				</identifiers>
				<balance>33193</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>15580.79</valUSD>
				<pctVal>5.2615417616</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CA</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>The Valens Company Inc.</name>
				<lei>N/A</lei>
				<title>Common Stock</title>
				<cusip>91914P603</cusip>
				<identifiers>
					<isin value="CA91914P6030"/>
					<ticker value="VLNS"/>
				</identifiers>
				<balance>13800</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>13662</valUSD>
				<pctVal>4.613577588</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CA</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>TILRAY BRANDS INC COM</name>
				<lei>549300Y4V60733TO1478</lei>
				<title>Common Stock</title>
				<cusip>88688T100</cusip>
				<identifiers>
					<isin value="US88688T1007"/>
					<ticker value="TLRY"/>
				</identifiers>
				<balance>2061</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>10263.78</valUSD>
				<pctVal>3.466018546</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CA</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Village Farms Intl Inc Com</name>
				<lei>529900TR69X5FFZ6K955</lei>
				<title>Common Stock</title>
				<cusip>92707Y108</cusip>
				<identifiers>
					<isin value="US92707Y1082"/>
					<ticker value="VFF"/>
				</identifiers>
				<balance>320</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1379.2</valUSD>
				<pctVal>0.4657477829</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CA</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
		</invstOrSecs>
		<signature>
			<ncom:dateSigned>2022-06-29</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>
