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		<isConfidential>false</isConfidential>
		<filerInfo>

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

			<seriesClassInfo>
				<seriesId>S000012125</seriesId>
				<classId>C000033067</classId>
				<classId>C000033068</classId>
				<classId>C000033069</classId>
				<classId>C000033070</classId>
			</seriesClassInfo>


		</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>00000000000000000000</seriesLei>
			<repPdEnd>2022-07-31</repPdEnd>
			<repPdDate>2022-04-30</repPdDate>
			<isFinalFiling>N</isFinalFiling>
		</genInfo>
		<fundInfo>
			<totAssets>17327509.45</totAssets>
			<totLiabs>40053.09</totLiabs>
			<netAssets>17287456.36</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>1000</cshNotRptdInCorD>
			<isNonCashCollateral>N</isNonCashCollateral>
			<returnInfo>
				<monthlyTotReturns>
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					<monthlyTotReturn classId="C000033070" rtn1="-10.6" rtn2="2.72" rtn3="-3.16"/>
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				<monthlyReturnCats/>
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				<othMon2 netRealizedGain="36669.56" netUnrealizedAppr="519807.39"/>
				<othMon3 netRealizedGain="170134.16" netUnrealizedAppr="-699479.79"/>
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			<mon2Flow redemption="33337.68" reinvestment="0" sales="0"/>
			<mon3Flow redemption="179084.49" reinvestment="0" sales="80724.39"/>
		</fundInfo>
		<invstOrSecs>
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				<title>Common Stock</title>
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				<identifiers>
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					<ticker value="ABB"/>
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				<pctVal>0.5183527185</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CH</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
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					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Alphabet, Inc.</name>
				<lei>5493006MHB84DD0ZWV18</lei>
				<title>Common Stock</title>
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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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				<pctVal>3.1023340787</pctVal>
				<payoffProfile>Long</payoffProfile>
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				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
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					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</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>248563</valUSD>
				<pctVal>1.4378228631</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>3000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>699570</valUSD>
				<pctVal>4.0466913433</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>6816</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1074542.4</valUSD>
				<pctVal>6.2157345628</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>Balchem Corp</name>
				<lei>549300VR70OPMHUI3557</lei>
				<title>Common Stock</title>
				<cusip>057665200</cusip>
				<identifiers>
					<isin value="US0576652004"/>
					<ticker value="BCPC"/>
				</identifiers>
				<balance>1575</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>194040</valUSD>
				<pctVal>1.1224323345</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>Blackstone Inc</name>
				<lei>549300DN0PNDW608BT74</lei>
				<title>Common Stock</title>
				<cusip>09260D107</cusip>
				<identifiers>
					<isin value="US09260D1072"/>
					<ticker value="BX"/>
				</identifiers>
				<balance>800</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>81256</valUSD>
				<pctVal>0.470028663</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>CANADIAN PACIFIC RAILWAY LTD.</name>
				<lei>N/A</lei>
				<title>Common Stock</title>
				<cusip>13645T100</cusip>
				<identifiers>
					<ticker value="CP"/>
				</identifiers>
				<balance>15481</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1133518.82</valUSD>
				<pctVal>6.556886082</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>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>309704.34</valUSD>
				<pctVal>1.7914974508</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>Charter Communications Inc.</name>
				<lei>0J0XRGZE3PBRFEZ7MV65</lei>
				<title>Common Stock</title>
				<cusip>16119P108</cusip>
				<identifiers>
					<isin value="US16119P1084"/>
					<ticker value="CHTR"/>
				</identifiers>
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				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>728433</valUSD>
				<pctVal>4.21365055</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"/>
				</identifiers>
				<balance>3115</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1530679.85</valUSD>
				<pctVal>8.8542803413</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>19000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>930620</valUSD>
				<pctVal>5.38320954</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>COMCAST CORP CL A</name>
				<lei>51M0QTTNCGUN7KFCFZ59</lei>
				<title>Common Stock</title>
				<cusip>20030N101</cusip>
				<identifiers>
					<isin value="US20030N1019"/>
					<ticker value="CMCSA"/>
				</identifiers>
				<balance>4000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>159040</valUSD>
				<pctVal>0.9199733997</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>Dana Incorporated</name>
				<lei>KVWHW7YLZPFJM8QYNJ51</lei>
				<title>Common Stock</title>
				<cusip>235825205</cusip>
				<identifiers>
					<isin value="US2358252052"/>
					<ticker value="DAN"/>
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				<balance>1000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>14810</valUSD>
				<pctVal>0.0856690521</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>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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				<balance>970</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>140669.4</valUSD>
				<pctVal>0.8137079109</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>IE</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<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>
				<identifiers>
					<isin value="US3032501047"/>
					<ticker value="FICO"/>
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				<balance>3600</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1344636</valUSD>
				<pctVal>7.7781020643</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>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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				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>108347.75</valUSD>
				<pctVal>0.6267420015</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"/>
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				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>342456</valUSD>
				<pctVal>1.9809507707</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"/>
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				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>443331.41</valUSD>
				<pctVal>2.5644687152</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>6200</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>270258</valUSD>
				<pctVal>1.56331848</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>700</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>119595</valUSD>
				<pctVal>0.6918021802</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 P Morgan Chase</name>
				<lei>8I5DZWZKVSZI1NUHU748</lei>
				<title>Common Stock</title>
				<cusip>46625H100</cusip>
				<identifiers>
					<isin value="US46625H1005"/>
					<ticker value="JPM"/>
				</identifiers>
				<balance>1200</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>143232</valUSD>
				<pctVal>0.8285313757</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>143646.16</valUSD>
				<pctVal>0.8309271012</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>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>135328</valUSD>
				<pctVal>0.7828103637</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>862809.68</valUSD>
				<pctVal>4.9909579642</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>4835</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>744058.15</valUSD>
				<pctVal>4.3040348707</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>159885.6</valUSD>
				<pctVal>0.9248648076</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>Nvidia Corp</name>
				<lei>549300S4KLFTLO7GSQ80</lei>
				<title>Common Stock</title>
				<cusip>67066G104</cusip>
				<identifiers>
					<isin value="US67066G1040"/>
					<ticker value="NVDA"/>
				</identifiers>
				<balance>720</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>133538.4</valUSD>
				<pctVal>0.7724583491</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>264713.4</valUSD>
				<pctVal>1.531245514</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>209231.23</valUSD>
				<pctVal>1.2103066272</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>500</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>47455</valUSD>
				<pctVal>0.2745053929</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>Salesforce Inc</name>
				<lei>RCGZFPDMRW58VJ54VR07</lei>
				<title>Common Stock</title>
				<cusip>79466L302</cusip>
				<identifiers>
					<isin value="US79466L3024"/>
					<ticker value="CRM"/>
				</identifiers>
				<balance>400</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>70376</valUSD>
				<pctVal>0.407092857</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>1000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>82360</valUSD>
				<pctVal>0.4764147963</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>205110.72</valUSD>
				<pctVal>1.1864713682</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>T-Mobile US, Inc.</name>
				<lei>549300QHIJYOHPACPG31</lei>
				<title>Common Stock</title>
				<cusip>872590104</cusip>
				<identifiers>
					<isin value="US8725901040"/>
					<ticker value="TMUS"/>
				</identifiers>
				<balance>1500</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>184710</valUSD>
				<pctVal>1.068462567</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>Teradyne, Inc.</name>
				<lei>C3X4YJ278QNZHRJULN75</lei>
				<title>Common Stock</title>
				<cusip>880770102</cusip>
				<identifiers>
					<isin value="US8807701029"/>
					<ticker value="TER"/>
				</identifiers>
				<balance>15100</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1592446</valUSD>
				<pctVal>9.2115691681</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>Thermo Fisher Scientific Inc</name>
				<lei>HCHV7422L5HDJZCRFL38</lei>
				<title>Common Stock</title>
				<cusip>883556102</cusip>
				<identifiers>
					<isin value="US8835561023"/>
					<ticker value="TMO"/>
				</identifiers>
				<balance>200</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>110584</valUSD>
				<pctVal>0.6396776813</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>261885</valUSD>
				<pctVal>1.5148845183</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>193249</valUSD>
				<pctVal>1.1178567626</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>12500</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>107000</valUSD>
				<pctVal>0.6189458864</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>6180</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1016239.2</valUSD>
				<pctVal>5.8784773123</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>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>
