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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000850027-04-000077.txt : 20041122
<SEC-HEADER>0000850027-04-000077.hdr.sgml : 20041122
<ACCEPTANCE-DATETIME>20041122143733
ACCESSION NUMBER:		0000850027-04-000077
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20040930
FILED AS OF DATE:		20041122
DATE AS OF CHANGE:		20041122
EFFECTIVENESS DATE:		20041122

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NAIC GROWTH FUND INC
		CENTRAL INDEX KEY:			0000850027
		IRS NUMBER:				311274796
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05807
		FILM NUMBER:		041160370

	BUSINESS ADDRESS:	
		STREET 1:		711 WEST THIRTEEN MILE RD
		CITY:			MADISON HEIGHTS
		STATE:			MI
		ZIP:			48071
		BUSINESS PHONE:		8105836242

	MAIL ADDRESS:	
		STREET 1:		711 WEST THIRTEEN MILE RD
		CITY:			MADISON HEIGHTS
		STATE:			MI
		ZIP:			48071

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BETTER INVESTING FUND INC
		DATE OF NAME CHANGE:	19890716
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>nq9302004.txt
<DESCRIPTION>FORM N-Q
<TEXT>







						Omb Approval
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						3235-0578

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		United States
      Securities and Exchange Commission
	     Washington, D.C. 20549

		   Form N-Q

Quarterly Schedule of Portfolio Holdings of Registered
	 Management Investment Company
- -------------------------------------------------------------
Investment Company Act file number: 811-05807
- -------------------------------------------------------------
	      NAIC Growth Fund, Inc.
(Exact name of registrant as specified in charter)

711 West 13 Mile Road, Madison Heights, MI 48071
(Address of principal executive offices) (zip code)
- -------------------------------------------------------------
           Kenneth S. Janke, President
             NAIC Growth Fund, Inc.
              711 W. 13 Mile Road
            Madison Heights, MI 48071
                (248) 583-6242
      (Name and address of agent for service)
- -------------------------------------------------------------
Registrant's telephone number, including area code:
		 (877) 275-6242

Date of fiscal year end: December 31, 2004

Date of reporting period: September 30, 2004



Item 1. Schedule of Investments

NAIC Growth Fund, Inc.
Portfolio of Investments - September 30, 2004 (unaudited)

%  Common Stock       Shares       Cost      Market

3.0	Auto Replacement

O'Reilly Auto*        20,000    $242,606    $766,800
					    --------
					    $766,500

12.5   Banking

JP Morgan Chase       13,200     331,370     523,776
Citigroup             18,000     194,288     804,600
Comerica, Inc.        10,000     404,669     588,600
Huntington Banc.      25,000     238,023     618,750
Synovus Financial     25,000     263,393     647,500
					     -------
					   3,183,226

2.6     Building Products

Johnson Controls      12,000      96,895     672,120
                                             -------
                                             672,120

2.8     Chemicals

RPM                   25,000     287,099     431,250
Sigma Aldrich          5,000      94,937     286,850
					     -------
					     718,100

3.7     Consumer Products

Colgate-Palmolive     14,000     382,490     637,000
Newell Rubbermaid     16,000     413,527     319,840
  				             -------
					     956,840

3.1     Electrical Equipment

General Electric      24,000     441,341     802,800
					     -------
					     802,800

1.8     Electronics

Diebold               10,000     269,187     469,900
					     -------
				             469,900
10.5    Ethical Drugs

Abbott Laboratories   12,000     516,377     507,720
Johnson & Johnson     15,000     614,274     855,450
Merck & Co., Inc.     10,000     359,350     450,700
Pfizer, Inc.          28,000     606,755     845,040
					     -------
					   2,658,910
1.6    Financial Services

State Street Boston   10,000     167,976     421,500
					     -------
					     421,500

6.7     Food

ConAgra               18,000     351,815     467,100
Heinz, H.J.           16,000     532,050     578,080
McCormick & Co        20,000     223,975     662,800
					     -------
					   1,707,980

7.9     Hospital Supplies

Biomet Corp.          17,000     166,709     801,210
PolyMedica             8,000     218,481     246,480
Stryker Corp.         20,000      95,500     955,600
					     -------
				           2,003,290

2.7     Industrial Services

Donaldson Co.         24,000     162,563     680,640
					     -------
					     680,640

6.0     Insurance

AFLAC, Inc.           20,000     143,906     783,800
American Int'l Group  11,000     266,419     753,500
					     -------
					   1,537,300

2.4     Machinery

Emerson Electric      10,000     335,278     621,800
					     -------
					     621,800

8.4     Multi Industry

Carlisle               9,000     364,086     576,630
Pentair               28,000     456,569     955,080
Teleflex              14,000     445,436     600,180
					     -------
					   2,131,890

1.3     Office Supplies

Avery Dennison         5,000     264,504     323,550
					     -------
				             323,550

2.0     Realty Trust

First Industrial
 Realty Trust         14,000     394,963     518,980
					     -------
					     518,980

2.8     Soft Drinks

PepsiCo               15,000     335,649     721,500
					     -------
					     721,500


2.3     Transportation

Sysco Corp.           20,000     142,750     600,000
					     -------
					     600,000
84.1% Investment
        Securities            $10,825,210 $21,497,126
- -------------------------------------------------------
   Short-term Investments

15.6  United States Treasury Bills,
       Maturing 10/28/2004
       Interest rate: 1.5%                 $3,994,089

 0.4 Misc. Cash Equivalents                   116,268
- -------------------------------------------------------
16.0%                                      $4,110,357

Total Investments                         $25,607,483

(0.1) All other assets less liabilities       (32,141)
- -------------------------------------------------------
100%  TOTAL NET ASSETS                    $25,575,342

* non-income producing securities

footnote:

The following information is based upon federal income
tax cost of portfolio investments as of September 30, 2004:

Gross Unrealized Appreciation	$10,744,261
Gross Unrealized Depreciation	   (102,345)
  				------------
  Net Unrealized Appreciation	$10,671,916
				------------

Federal Income Tax Cost		$10,825,210


ITEM 2. CONTROLS AND PROCEDURES.

     (i)  As of November 2, 2004, an evaluation of the
effectiveness of the registrant's disclosure controls and
procedures (as defined in Rule 30a-3(c) under the
Investment Company Act of 1940) was performed by management
with the participation of the registrant's President
(Principal Executive Officer) and Accountant (person
performing the functions of the Principal Financial
Officer).  Based on that evaluation, the registrant's
President and Accountant concluded that the registrant's
disclosure controls and procedures are effectively
designed to ensure that information required to be disclosed
by the registrant is recorded, processed, summarized and
reported within the time periods specified by the
Commission's rules and forms, and that information
required to be disclosed in the reports that the registrant
files on Form N-CSR and Form N-Q is accumulated and
communicated to the registrant's management, including
its Principal Executive Officer and Principal Financial
Officer,as appropriate, to allow timely decisions regarding
required disclosure.

     (ii)  There has been no change in the registrants's internal
control over financial reporting (as defined in Rule 30a-3(d) under
the Investment Company Act) that occurred during the 9 months
ending September 30, 2004 that has materially affected, or is
reasonably likely to materially affect, the registrant's internal
control over financial reporting.



Item 3. Exhibits

(A)  Certification of principal executive officer as required
by Rule 30a-2(a) under the Act.

(B)  Certification of principal financial officer as required
by Rule 30a-2(a) under the Act.

                         SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934
and the Investment Company Act of 1940, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto
duly authorized.

NAIC GROWTH FUND, INC.

By: /s/ Kenneth S. Janke
    ----------------------
    Kenneth S. Janke
    President (Principal Executive Officer)

Date: November 17, 2004

Pursuant to the requirements of the Securities Exchange Act of 1934
and the Investment Company Act of 1940, this report has been signed
below by the following persons on behalf of the registrant and in
the capacities and on the dates indicated.

By: /s/ Kenneth S. Janke
    ----------------------
    Kenneth S. Janke
    President (Principal Executive Officer)

Date: November 17, 2004

By: /s/ Calvin George
    ---------------------
    Calvin George
    Accountant (Principal Financial Officer)

Date: November 17, 2004











</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>nqcertjanke2004.txt
<DESCRIPTION>JANKE CERTIFICATION
<TEXT>




						Exhibit A



Certification

I, Kenneth S. Janke, certify that:

1.	I have reviewed this report on Form N-Q of the NAIC
Growth Fund, Inc;

2.	Based on my knowledge, this report does not contain any
untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the
circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

3.	Based on my knowledge, the schedules of investments included
in this report fairly present in all material respects the investments
of the registrant as of the end of the fiscal quarter for which the
report is filed;

4.	The registrant's other certifying officer(s) and I are
responsible for establishing and maintaining disclosure controls
and procedures (as defined in Rule 30a-3(c) under the Investment
Company Act of 1940) for the registrant and have:

(a)	Designed such disclosure controls and procedures, or
caused such disclosure controls and procedures to be designed
under our supervision, to ensure that material information relating
to the registrant, including its consolidated subsidiaries, is made
known to us by others within those entities, particularly during the
period in which this report is being prepared;

(b)	Evaluated the effectiveness of the registrant's disclosure
controls and procedures and presented in this report our
conclusions about the effectiveness of the disclosure controls and
procedures, as of a date within 90 days prior to the filing date of
this report based on such evaluation; and

(c)	Disclosed in this report any change in the registrant's
internal control over financial reporting that occurred during the
registrant's most recent fiscal quarter that has materially
affected, or is reasonably likely to materially affect, the
registrant's internal control over financial reporting; and

5.	The registrant's other certifying officer(s) and I have
disclosed to the registrant's auditors and the audit committee of
the registrant's board of directors (or persons performing the
equivalent functions):

(a)	All significant deficiencies and material weaknesses in the
design or operation of internal control over financial reporting
which are reasonably likely to adversely affect the registrant's
ability to record, process, summarize, and report financial
information; and

(b)	Any fraud, whether or not material, that involves
management or other employees who have a significant role in the
registrant's internal control over financial reporting.


Date: 11/17/2004

/s/ Kenneth S. Janke
- ---------------------
Kenneth S. Janke
President (Principal Executive Officer)


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>3
<FILENAME>nqcertgeorge2004.txt
<DESCRIPTION>GEORGE CERTIFICATION
<TEXT>




						Exhibit B



Certification

I, Calvin A. George, certify that:

1.	I have reviewed this report on Form N-Q of the NAIC
Growth Fund, Inc;

2.	Based on my knowledge, this report does not contain any
untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the
circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

3.	Based on my knowledge, the schedules of investments included
in this report fairly present in all material respects the investments
of the registrant as of the end of the fiscal quarter for which the
report is filed;

4.	The registrant's other certifying officer(s) and I are
responsible for establishing and maintaining disclosure controls
and procedures (as defined in Rule 30a-3(c) under the Investment
Company Act of 1940) for the registrant and have:

(a)	Designed such disclosure controls and procedures, or
caused such disclosure controls and procedures to be designed
under our supervision, to ensure that material information relating
to the registrant, including its consolidated subsidiaries, is made
known to us by others within those entities, particularly during the
period in which this report is being prepared;

(b)	Evaluated the effectiveness of the registrant's disclosure
controls and procedures and presented in this report our
conclusions about the effectiveness of the disclosure controls and
procedures, as of a date within 90 days prior to the filing date of
this report based on such evaluation; and

(c)	Disclosed in this report any change in the registrant's
internal control over financial reporting that occurred during the
registrant's most recent fiscal quarter that has materially
affected, or is reasonably likely to materially affect, the
registrant's internal control over financial reporting; and

5.	The registrant's other certifying officer(s) and I have
disclosed to the registrant's auditors and the audit committee of
the registrant's board of directors (or persons performing the
equivalent functions):

(a)	All significant deficiencies and material weaknesses in the
design or operation of internal control over financial reporting
which are reasonably likely to adversely affect the registrant's
ability to record, process, summarize, and report financial
information; and

(b)	Any fraud, whether or not material, that involves
management or other employees who have a significant role in the
registrant's internal control over financial reporting.


Date: 11/17/2004

/s/ Calvin A. George
- ---------------------

Calvin A. George
Accountant (Principal Financial Officer)


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