UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB

(Mark One)
[X]   QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
      OF 1934

                     For the quarterly period ended September 30, 2002


[ ]   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
      OF 1934


                    For the transition period from _________to _________

                         Commission file number 0-15675


                           DAVIDSON GROWTH PLUS, L.P.
        (Exact name of small business issuer as specified in its charter)



         Delaware                                           52-1462866
(State or other jurisdiction of                          (I.R.S. Employer
 incorporation or organization)                         Identification No.)

                          55 Beattie Place, PO Box 1089
                        Greenville, South Carolina 29602
                    (Address of principal executive offices)

                                 (864) 239-1000
                           (Issuer's telephone number)





<PAGE>



                         PART I - FINANCIAL INFORMATION

ITEM 1.     FINANCIAL STATEMENTS



                           DAVIDSON GROWTH PLUS, L.P.

                           CONSOLIDATED BALANCE SHEET
                                   (Unaudited)
                        (in thousands, except unit data)

                               September 30, 2002

<TABLE>
<CAPTION>


Assets
<S>                                                                          <C>
   Cash and cash equivalents                                                 $  398
   Receivables and deposits                                                     191
   Restricted escrows                                                           166
   Other assets                                                                 844
   Investment properties:
       Land                                                  $ 4,650
       Buildings and related personal property                 21,791
                                                               26,441
       Less accumulated depreciation                          (13,531)       12,910
                                                                           $ 14,509
Liabilities and Partners' Deficit
Liabilities
   Accounts payable                                                          $ 48
   Tenant security deposit liabilities                                           94
   Accrued property taxes                                                       419
   Other liabilities                                                            324
   Mortgage notes payable                                                    20,398

Partners' Deficit
   General partners                                          $ (1,020)
   Limited partners (28,371.75 units issued and
      outstanding)                                             (5,754)       (6,774)
                                                                           $ 14,509


                See Accompanying Notes to Consolidated Financial Statements

</TABLE>

<PAGE>

                           DAVIDSON GROWTH PLUS, L.P.

                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)
                      (in thousands, except per unit data)
<TABLE>
<CAPTION>

                                           Three Months               Nine Months
                                       Ended September 30,       Ended September 30,
                                        2002         2001          2002        2001

 Revenues:
<S>                                   <C>           <C>          <C>          <C>
   Rental income                      $ 1,319       $ 1,414      $ 4,065      $ 4,201
   Other income                           140           107          346          314
       Total revenues                   1,459         1,521        4,411        4,515

 Expenses:
   Operating                              519           532        1,450        1,528
   General and administrative              63            76          210          212
   Depreciation                           253           244          766          744
   Interest                               379           295        1,136          874
   Property taxes                         141           120          418          371
   Loss on early extinguishment
     of debt                               --            --          398           --
       Total expenses                   1,355         1,267        4,378        3,729

 Operating income                         104           254           33          786
 Distributions to minority
   interest partner in excess
   of investment                           (7)           --         (806)          --
 Minority interest in net
   (income) loss of joint venture          (2)          (29)          24          (80)

 Net income (loss)                      $ 95         $ 225        $ (749)      $ 706

 Net income (loss) allocated to
   general partners (3%)                $ 3           $ 7         $ (22)       $ 21
 Net income (loss) allocated to
   limited partners (97%)                  92           218         (727)         685

                                        $ 95         $ 225        $ (749)      $ 706

 Net income (loss) per limited
   partnership unit                    $ 3.24       $ 7.68       $(25.62)     $ 24.14

 Distributions per limited
   partnership unit                    $ 7.58       $ 9.91       $190.54      $ 49.70

                See Accompanying Notes to Consolidated Financial Statements
</TABLE>

<PAGE>
                           DAVIDSON GROWTH PLUS, L.P.

              CONSOLIDATED STATEMENT OF CHANGES IN PARTNERS' (DEFICIT) CAPITAL
                                   (Unaudited)
                        (in thousands, except unit data)

<TABLE>
<CAPTION>


                                     Limited
                                   Partnership    General      Limited
                                      Units      Partners     Partners       Total

<S>                                 <C>             <C>        <C>          <C>
Original capital contributions      28,371.75       $ 1        $28,376      $28,377

Partners' (deficit) capital at
   December 31, 2001                28,371.75     $ (831)       $ 379        $ (452)

Distributions to partners                  --        (167)      (5,406)      (5,573)

Net loss for the nine months
   ended September 30, 2002                --         (22)        (727)        (749)

Partners' deficit at
   September 30, 2002               28,371.75     $(1,020)     $(5,754)     $(6,774)

                See Accompanying Notes to Consolidated Financial Statements

</TABLE>

<PAGE>

                          DAVIDSON GROWTH PLUS, L.P.

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
                                 (in thousands)

<TABLE>
<CAPTION>

                                                                   Nine Months Ended
                                                                     September 30,
                                                                     2002        2001
Cash flows from operating activities:
<S>                                                                <C>          <C>
  Net (loss) income                                                $ (749)      $ 706
  Adjustments to reconcile net (loss) income to net cash
   provided by operating activities:
     Depreciation                                                     766          744
     Casualty gain                                                     --          (13)
     Distributions to minority interest partner in excess of
      investment                                                      806           --
     Amortization of discounts and loan costs                          33           51
     Loss on early extinguishment of debt                             398           --
     Minority interest in net (loss) income of joint venture          (24)          80
     Change in accounts:
      Receivables and deposits                                         78          329
      Other assets                                                      7          (35)
      Accounts payable                                                (97)         (64)
      Tenant security deposit liabilities                              (2)         (11)
      Accrued property taxes                                          150          133
      Other liabilities                                                50          136
         Net cash provided by operating activities                  1,416        2,056

Cash flows from investing activities:
  Property improvements and replacements                             (309)        (433)
  Net withdrawals from (deposits to) restricted escrows                13           (2)
  Insurance proceeds received                                          --           23
         Net cash used in investing activities                       (296)        (412)

Cash flows from financing activities:
  Payments on mortgage notes payable                                 (312)        (207)
  Repayment of mortgage notes payable                              (7,769)          --
  Proceeds from mortgage notes payable                             14,273           --
  Loan costs paid                                                    (663)         (16)
  Prepayment penalty                                                 (293)          --
  Advances from affiliate                                             146           --
  Repayment of advances from affiliate                               (146)          --
  Distribution to partners                                         (5,573)      (1,454)
  Distributions to minority interest partner                         (816)        (168)
         Net cash used in financing activities                     (1,153)      (1,845)

Net decrease in cash and cash equivalents                             (33)        (201)
Cash and cash equivalents at beginning of period                      431          761
Cash and cash equivalents at end of period                         $ 398        $ 560

Supplemental disclosure of cash flow information:
  Cash paid for interest                                          $ 1,050       $ 778

                See Accompanying Notes to Consolidated Financial Statements

</TABLE>

<PAGE>

                           DAVIDSON GROWTH PLUS, L.P.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)


Note A - Basis of Presentation

The accompanying  unaudited consolidated financial statements of Davidson Growth
Plus, L.P. (the  "Partnership" or "Registrant") have been prepared in accordance
with generally accepted accounting  principles for interim financial information
and with the  instructions  to Form  10-QSB and Item 310(b) of  Regulation  S-B.
Accordingly,  they do not include all of the information and footnotes  required
by generally accepted accounting  principles for complete financial  statements.
In the opinion of Davidson  Growth Plus GP Corporation  (the  "Managing  General
Partner"),   an  affiliate  of  Apartment   Investment  and  Management  Company
("AIMCO"),  a publicly  traded real estate  investment  trust,  all  adjustments
(consisting  of  normal  recurring  accruals)  considered  necessary  for a fair
presentation have been included.  Operating results for the three and nine month
periods ended September 30, 2002, are not necessarily  indicative of the results
that may be expected for the fiscal year ending  December 31, 2002.  For further
information,  refer  to the  consolidated  financial  statements  and  footnotes
thereto  included  in the  Partnership's  Annual  Report on Form  10-KSB for the
fiscal year ended December 31, 2001.

Effective  January 1, 2002,  the  Partnership  adopted  Statement  of  Financial
Accounting  Standards ("SFAS") No. 145, "Rescission of FASB Statements No. 4, 44
and 64". SFAS No. 4 "Reporting  Gains and Losses from  Extinguishment  of Debt,"
required  that all gains and losses from  extinguishment  of debt be  aggregated
and, if material,  classified as an  extraordinary  item.  SFAS No. 145 rescinds
SFAS No. 4, and accordingly, gains and losses from extinguishment of debt should
only be  classified  as  extraordinary  if they are  unusual in nature and occur
infrequently. Neither of these criteria applies to the Partnership. As a result,
the accompanying consolidated statements of operations reflect the loss on early
extinguishment  of debt at  Brighton  Crest and The  Village  (see  "Note C") in
operations rather than as an extraordinary item.

Note B - Transactions with Affiliated Parties

The  Partnership  has no employees  and is  dependent  on the  Managing  General
Partner  and  its  affiliates  for  the  management  and  administration  of all
Partnership  activities.  Affiliates  of the Managing  General  Partner  provide
property  management  and asset  management  services  to the  Partnership.  The
Partnership  Agreement  provides for (i) payments to affiliates for services and
(ii)  reimbursement of certain expenses  incurred by affiliates on behalf of the
Partnership.

During the nine months  ended  September  30, 2002 and 2001,  affiliates  of the
Managing  General Partner were entitled to receive 5% of gross receipts from all
of  the  Partnership's   properties  as  compensation  for  providing   property
management  services.  The  Partnership  paid to such  affiliates  approximately
$229,000 and $230,000  for the nine months  ended  September  30, 2002 and 2001,
respectively, which is included in operating expenses.

An  affiliate  of  the  Managing  General  Partner  received   reimbursement  of
accountable  administrative  expenses  amounting to  approximately  $135,000 and
$299,000 for the nine months ended  September  30, 2002 and 2001,  respectively,
which  is  included  in  general  and  administrative   expense  and  investment
properties.   Included  in  these  amounts  are  fees  related  to  construction
management  services provided by an affiliate of the Managing General Partner of
approximately  $6,000 and $182,000 for the nine months ended  September 30, 2002
and 2001, respectively. The fees are calculated based on a percentage of current
year additions to investment properties.

The Partnership Agreement provides for the Managing General Partner to receive a
fee for managing the affairs of the Partnership.  The fee is 2% of adjusted cash
from  operations,  as  defined  in the  Partnership  Agreement.  Payment of this
management fee is  subordinated  and is payable only after the  Partnership  has
distributed,  to the limited partners, adjusted cash from operations in any year
equal to 10% of the limited partners adjusted invested capital as defined in the
Partnership  Agreement  or upon  the  refinance  or sale  of a  property  in the
Partnership.  Partnership management fees were approximately $27,000 and $24,000
for the nine months ended  September 30, 2002 and 2001,  respectively,  which is
included  in  general  and  administrative  expenses.  Subordinated  Partnership
management  fees of  approximately  $31,000 were paid with the  distribution  of
refinance  proceeds  from the  refinancing  of  Brighton  Crest and The  Village
Apartments   during  the  nine  months  ended  September  30,  2002.  There  was
approximately $25,000 in unpaid and accrued subordinated  Partnership management
fees at  September  30,  2002  which is  included  in other  liabilities  on the
consolidated balance sheet.

In addition to reimbursement for services to affiliates, the Partnership paid an
affiliate of the Managing  General Partner  approximately  $8,000 for loan costs
related to the  refinancing  of The  Village  Apartments  during the nine months
ended September 30, 2002. These costs were capitalized and are included in other
assets on the consolidated balance sheet.

During the nine months ended  September 30, 2002, the Managing  General  Partner
advanced  the  Partnership   funds  to  cover   operational   expenses  totaling
approximately  $146,000 which were repaid by the Partnership  prior to September
30, 2002. As of September 30, 2002,  there were no  outstanding  advances due to
the Managing  General  Partner.  There were no advances by the Managing  General
Partner during the nine months ended September 30, 2001.  Interest is charged at
prime plus 1%. Interest expense on this advance was approximately $1,000 for the
nine months ended September 30, 2002.

Beginning in 2001, the  Partnership  began insuring its properties up to certain
limits through coverage provided by AIMCO which is generally  self-insured for a
portion of losses and  liabilities  related  to workers  compensation,  property
casualty and vehicle liability. The Partnership insures its properties above the
AIMCO  limits  through  insurance  policies  obtained  by  AIMCO  from  insurers
unaffiliated  with the Managing  General  Partner.  During the nine months ended
September  30,  2002 and 2001,  the  Partnership  was  charged  by AIMCO and its
affiliates  approximately  $66,000  and  $56,000,  respectively,  for  insurance
coverage and fees associated with policy claims administration.

Note C - Refinancing of Mortgage Notes Payable

On January 8, 2002,  the  Partnership  refinanced the mortgage  encumbering  The
Village Apartments. The refinancing replaced the first mortgage of approximately
$1,766,000 and the second mortgage of approximately  $61,000 with a new mortgage
in the amount of $3,633,000.  The new mortgage carries a stated interest rate of
7.22% as compared to the 7.83%  interest rate on the old  mortgage.  Payments on
the mortgage loan are due monthly until the loan matures on February 1, 2022, at
which time it is scheduled to be fully amortized.  Total  capitalized loan costs
were approximately $228,000 during the nine months ended September 30, 2002. The
Partnership   recognized  a  loss  on  the  early   extinguishment  of  debt  of
approximately $89,000 during the nine months ended September 30, 2002 due to the
write off of unamortized loan costs and debt discounts and prepayment  penalties
paid. In addition, the Partnership was required to deposit approximately $82,000
in a repair escrow account with the lender in order to complete required repairs
at the property.

On January  14,  2002,  the  Partnership  refinanced  the  mortgage  encumbering
Brighton  Crest  Apartments.  The  refinancing  replaced  the first  mortgage of
approximately  $5,743,000 and the second mortgage of approximately $199,000 with
a new mortgage in the amount of $10,640,000.  The new mortgage  carries a stated
interest  rate of  7.16%  as  compared  to the  7.83%  interest  rate on the old
mortgage.  Payments on the mortgage  loan are due monthly until the loan matures
on February 1, 2022, at which time it is scheduled to be fully amortized.  Total
capitalized loan costs were approximately  $435,000 during the nine months ended
September 30, 2002. The Partnership recognized a loss on early extinguishment of
debt of  approximately  $309,000 due to the write-off of unamortized  loan costs
and debt discounts and prepayment penalties paid.

Note D - Minority Interest in Joint Venture

The  Partnership  owns an 82.5% general  partner  interest in the Sterling Crest
Joint Venture ("Joint Venture") which operates  Brighton Crest  Apartments.  The
Partnership  exercises  control  over the  activities  of the Joint  Venture  in
accordance  with  the  Joint  Venture  Agreement.  The  minority  partner  is an
affiliated  public  partnership.  The  Joint  Venture  incurred  a net  loss  of
approximately  $138,000  during the nine  months  ended  September  30, 2002 due
primarily to the loss on early extinguishment of debt related to the refinancing
of the property in January 2002 (see "Note C"). Losses allocated to the minority
partner for the nine months ended September 30, 2002 were approximately $24,000.
Distributions to the minority  partners' have reduced the investment  balance to
zero.  When the Joint  Venture  makes  distributions  in excess of the  minority
partners' investment balance, the Partnership as the majority partner, records a
charge equal to the minority  partners' excess  distribution over the investment
balance,  even  though  there  is no  economic  impact,  cost  or  risk  to  the
Partnership.  The charge is classified  as  distributions  to minority  interest
partner in excess of investment on the accompanying  consolidated  statements of
operations.  Losses are allocated to the minority interest partner to the extent
they do not create a minority deficit, in which case, the Partnership recognizes
100% of the losses in operating income.

Note E - Legal Proceedings

In March 1998, several putative unit holders of limited partnership units of the
Partnership  commenced an action  entitled  Rosalie  Nuanes,  et al. v. Insignia
Financial Group, Inc., et al. (the "Nuanes action") in the Superior Court of the
State of  California  for the  County  of San  Mateo.  The  plaintiffs  named as
defendants,  among others,  the  Partnership,  its Managing  General Partner and
several of their  affiliated  partnerships  and corporate  entities.  The action
purports  to  assert  claims  on  behalf  of a class  of  limited  partners  and
derivatively  on behalf  of a number  of  limited  partnerships  (including  the
Partnership)  which are named as nominal  defendants,  challenging,  among other
things,  the  acquisition  of  interests  in certain  Managing  General  Partner
entities by Insignia Financial Group, Inc. ("Insignia") and entities which were,
at one  time,  affiliates  of  Insignia;  past  tender  offers  by the  Insignia
affiliates to acquire limited partnership units;  management of the partnerships
by the  Insignia  affiliates;  and the series of  transactions  which  closed on
October 1, 1998 and February 26, 1999 whereby  Insignia and Insignia  Properties
Trust,  respectively,  were merged  into AIMCO.  The  plaintiffs  seek  monetary
damages and equitable relief, including judicial dissolution of the Partnership.
On June 25, 1998, the Managing General Partner filed a motion seeking  dismissal
of the action.  In lieu of responding  to the motion,  the  plaintiffs  filed an
amended  complaint.  The Managing General Partner filed demurrers to the amended
complaint which were heard February 1999.

Pending the ruling on such  demurrers,  settlement  negotiations  commenced.  On
November 2, 1999,  the parties  executed and filed a Stipulation  of Settlement,
settling claims, subject to court approval, on behalf of the Partnership and all
limited partners who owned units as of November 3, 1999. Preliminary approval of
the  settlement  was obtained on November 3, 1999 from the Court,  at which time
the Court set a final  approval  hearing for  December  10,  1999.  Prior to the
December  10,  1999  hearing,  the  Court  received  various  objections  to the
settlement, including a challenge to the Court's preliminary approval based upon
the alleged lack of authority of prior lead counsel to enter the settlement.  On
December 14, 1999, the Managing  General  Partner and its affiliates  terminated
the  proposed  settlement.  In  February  2000,  counsel  for some of the  named
plaintiffs filed a motion to disqualify plaintiff's lead and liaison counsel who
negotiated  the  settlement.  On June  27,  2000,  the  Court  entered  an order
disqualifying  them  from the case and an  appeal  was  taken  from the order on
October 5, 2000. On December 4, 2000, the Court  appointed the law firm of Lieff
Cabraser  Heimann & Bernstein  LLP as new lead  counsel for  plaintiffs  and the
putative class.  Plaintiffs filed a third amended complaint on January 19, 2001.
On March 2, 2001,  the  Managing  General  Partner  and its  affiliates  filed a
demurrer to the third amended  complaint.  On May 14, 2001,  the Court heard the
demurrer to the third amended  complaint.  On July 10, 2001, the Court issued an
order  sustaining  defendants'  demurrer on certain  grounds.  On July 20, 2001,
Plaintiffs filed a motion for reconsideration of the Court's July 10, 2001 order
granting in part and denying in part defendants' demurrer. On September 7, 2001,
Plaintiffs  filed a fourth amended class and  derivative  action  complaint.  On
September 12, 2001, the Court denied Plaintiffs' motion for reconsideration.  On
October 5, 2001, the Managing General Partner and affiliated  defendants filed a
demurrer to the fourth amended complaint,  which was heard on December 11, 2001.
On February 2, 2002,  the Court served its order  granting in part the demurrer.
The  Court has  dismissed  without  leave to amend  certain  of the  plaintiffs'
claims.  On February 11, 2002,  plaintiffs  filed a motion  seeking to certify a
putative  class  comprised of all  non-affiliated  persons who own or have owned
units  in  the  partnerships.   The  Managing  General  Partner  and  affiliated
defendants  oppose the motion.  On April 29,  2002,  the Court held a hearing on
plaintiffs' motion for class  certification and took the matter under submission
after further  briefing,  as ordered by the court, was submitted by the parties.
On July 10, 2002,  the Court entered an order vacating the current trial date of
January 13, 2003 (as well as the  pre-trial  and  discovery  cut-off  dates) and
stayed the case in its entirety through November 7, 2002 so that the parties can
have an  opportunity  to discuss  settlement.  On October  30,  2002,  the court
entered an order extending the stay in effect through January 10, 2003.

During the third  quarter of 2001, a complaint  (the "Heller  action") was filed
against  the same  defendants  that are named in the  Nuanes  action,  captioned
Heller v. Insignia Financial Group. On or about August 6, 2001, plaintiffs filed
a first amended  complaint.  The first amended complaint in the Heller action is
brought as a purported  derivative  action,  and asserts  claims for among other
things  breach  of  fiduciary  duty;  unfair  competition;   conversion,  unjust
enrichment;  and judicial  dissolution.  Plaintiffs in the Nuanes action filed a
motion to  consolidate  the Heller action with the Nuanes action and stated that
the Heller action was filed in order to preserve the derivative claims that were
dismissed  without  leave to amend in the Nuanes action by the Court order dated
July 10, 2001. On October 5, 2001, the Managing  General  Partner and affiliated
defendants  moved to strike the first  amended  complaint  in its  entirety  for
violating  the Court's July 10, 2001 order  granting in part and denying in part
defendants'  demurrer in the Nuanes action, or alternatively,  to strike certain
portions of the complaint based on the statute of limitations.  Other defendants
in the action  demurred to the fourth  amended  complaint,  and,  alternatively,
moved to strike the complaint. On December 11, 2001, the court heard argument on
the motions  and took the matters  under  submission.  On February 4, 2002,  the
Court  served  notice of its order  granting  defendants'  motion to strike  the
Heller complaint as a violation of its July 10, 2001 order in the Nuanes action.
On March 27, 2002,  the plaintiffs  filed a notice  appealing the order striking
the complaint. The parties are currently in the midst of briefing that appeal.

The Managing  General Partner does not anticipate that any costs,  whether legal
or  settlement  costs,  associated  with  these  cases will be  material  to the
Partnership's overall operations.

The  Partnership is unaware of any other pending or outstanding  litigation that
is not of a routine nature arising in the ordinary course of business.



<PAGE>




ITEM 2.     MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The Private  Securities  Litigation  Reform Act of 1995 provides a "safe harbor"
for forward-looking  statements in certain circumstances.  The matters discussed
in this report contain certain forward-looking  statements,  including,  without
limitation,  statements regarding future financial performance and the effect of
government regulations. The discussions of the Registrant's business and results
of operations,  including forward-looking statements pertaining to such matters,
do not take into account the effects of any changes to the Registrant's business
and  results of  operations.  Actual  results may differ  materially  from those
described in the forward-looking statements and will be affected by a variety of
risks and factors  including,  without  limitation:  national and local economic
conditions; the terms of governmental regulations that affect the Registrant and
interpretations of those regulations;  the competitive  environment in which the
Registrant  operates;  financing risks,  including the risk that cash flows from
operations  may be  insufficient  to meet  required  payments of  principal  and
interest;  real estate risks, including variations of real estate values and the
general  economic  climate in local markets and  competition for tenants in such
markets; and possible environmental liabilities. Readers should carefully review
the Registrant's financial statements and the notes thereto, as well as the risk
factors  described in the documents the Registrant  files from time to time with
the Securities and Exchange Commission.

The Partnership's  investment  properties consist of three apartment  complexes.
The following  table sets forth the average  occupancy of the properties for the
nine months ended September 30, 2002 and 2001:

                                                   Average Occupancy
      Property                                      2002       2001

      Brighton Crest Apartments                     93%        94%
         Marietta, Georgia
      The Fairway Apartments                        94%        97%
         Plano, Texas
      The Village Apartments                        96%        95%
         Brandon, Florida

The Managing General Partner attributes the decrease in occupancy at The Fairway
Apartments to poor market conditions and increased layoffs in Plano, Texas.

Results of Operations

The  Partnership  realized  a net loss of  approximately  $749,000  for the nine
months ended September 30, 2002 compared to net income of approximately $706,000
for the nine months ended September 30, 2001. The  Partnership's  net income for
the three months ended September 30, 2002 was approximately  $95,000 compared to
net income of $225,000  for the three  months  ended  September  30,  2001.  The
decrease in net income for the three and nine month periods ended  September 30,
2002 was due to an increase in total expenses,  a decrease in total revenues and
distributions  to the minority partner in excess of investment in 2002 partially
offset by an  increase  in  minority  interest  in income  (loss) from the joint
venture.

The  increase  in total  expenses  for the three and nine  month  periods  ended
September 30, 2002 is due to increases in depreciation,  interest,  and property
tax expenses partially offset by a decrease in operating expenses.  In addition,
for the nine month period ended September 30, 2002, total expenses increased due
to the loss on early  extinguishment of debt related to the mortgage  refinances
at Brighton Crest and The Village Apartments in January 2002 (see "Liquidity and
Capital Resources").  Depreciation expense increased due to capital improvements
placed  into  service  during  the  past  twelve  months  which  are  now  being
depreciated.  Interest expense increased due to the refinancing of the mortgages
at Brighton Crest and The Village  Apartments in January 2002,  which  increased
the debt balance at both  properties.  Property tax expense  increased due to an
increase in the assessed value at Brighton Crest and The Village  Apartments and
a refund for taxes  paid in a prior year  received  during  2001 at The  Fairway
Apartments.  Operating  expenses  decreased  due to  decreases  in property  and
maintenance  expenses partially offset by increased insurance expense.  Property
expenses  decreased due to decreased  utility expenses  primarily at The Fairway
Apartments,   and  decreased   payroll  and  related  benefits  at  The  Village
Apartments.  Maintenance  expenses  decreased  primarily due to reduced contract
painting  at  Brighton  Crest  and The  Fairway  Apartments.  Insurance  expense
increased primarily due to an increase in hazard insurance premiums primarily at
The Fairway Apartments.  Included in general and administrative expenses for the
three and nine month periods ended  September 30, 2002 and 2001,  are management
reimbursements  to the Managing  General  Partner  allowed under the Partnership
Agreement, the costs associated with the quarterly communications with investors
and  regulatory  agencies  and the  annual  audit  required  by the  Partnership
Agreement.

Total  revenues  decreased for the three and nine month periods ended  September
30,  2002 as a result of a  decrease  in rental  income  partially  offset by an
increase in other income. Rental income decreased primarily due to a decrease in
average  rental rates at Brighton  Crest and The Village  Apartments,  decreased
occupancy at Brighton  Crest and The Fairway  Apartments,  increased bad debt at
The Village and The Fairway  Apartments,  and increased  renewal  concessions at
Brighton  Crest  Apartments  partially  offset by an increase in average  rental
rates  at The  Fairway  Apartments,  and  increased  occupancy  at  The  Village
Apartments.   Other  income  increased   primarily  due  to  increased   utility
reimbursements at The Fairway  Apartments and increased lease  cancellation fees
at all of the Partnership's investment properties partially offset by a decrease
in interest  income at all of the  Partnership's  investment  properties  due to
lower interest rates on cash balances maintained in interest bearing accounts.

The  Partnership  owns an 82.5% general  partner  interest in the Sterling Crest
Joint Venture ("Joint Venture") which operates  Brighton Crest  Apartments.  The
Partnership  exercises  control  over the  activities  of the Joint  Venture  in
accordance  with  the  Joint  Venture  Agreement.  The  minority  partner  is an
affiliated  public  partnership.  The  Joint  Venture  incurred  a net  loss  of
approximately  $138,000  during the nine  months  ended  September  30, 2002 due
primarily to the loss on early extinguishment of debt related to the refinancing
of  the  property  in  January  2002   (discussed  in  "Liquidity   and  Capital
Resources").  Losses allocated to the minority partner for the nine months ended
September 30, 2002 were  approximately  $24,000.  Distributions  to the minority
partners'  have reduced the investment  balance to zero.  When the Joint Venture
makes distributions in excess of the minority partners'  investment balance, the
Partnership  as the  majority  partner,  records a charge  equal to the minority
partners' excess distribution over the investment balance,  even though there is
no economic impact, cost or risk to the Partnership. The charge is classified as
distributions  to  minority  interest  partner  in excess of  investment  on the
accompanying consolidated statements of operations.  Losses are allocated to the
minority  interest partner to the extent they do not create a minority  deficit,
in which  case,  the  Partnership  recognizes  100% of the  losses in  operating
income. The increase in minority interest in loss from the Joint Venture for the
nine months ended  September  30, 2002 and the decrease in minority  interest in
income from the Joint Venture for the three months ended  September 30, 2002 was
primarily due to the loss on early extinguishment of debt and increased interest
expense  related to the  refinancing  of  Brighton  Crest in January  2002,  and
reduced  rental rates and  occupancy at the Joint  Venture  property,  partially
offset by reduced maintenance expenses.

As part of the ongoing  business plan of the  Partnership,  the Managing General
Partner  monitors  the  rental  market  environment  of each  of its  investment
properties  to assess  the  feasibility  of  increasing  rents,  maintaining  or
increasing  occupancy  levels and protecting the  Partnership  from increases in
expense.  As part of this plan, the Managing General Partner attempts to protect
the Partnership  from the burden of  inflation-related  increases in expenses by
increasing rents and maintaining a high overall occupancy level. However, due to
changing market  conditions,  which can result in the use of rental  concessions
and  rental  reductions  to  offset  softening  market  conditions,  there is no
guarantee that the Managing General Partner will be able to sustain such a plan.

Liquidity and Capital Resources

The  Partnership  held cash and cash  equivalents of  approximately  $398,000 at
September 30, 2002,  compared to  approximately  $560,000 at September 30, 2001.
The  decrease in cash and cash  equivalents  of  approximately  $33,000 from the
Partnership's  cash  balance  at  December  31,  2001,  is due to  approximately
$1,153,000 of cash used in financing  activities and  approximately  $296,000 of
cash used in investing  activities,  which was partially offset by approximately
$1,416,000  of cash  provided by  operating  activities.  Cash used in financing
activities  consisted of the  repayment of the  previous  mortgages  encumbering
Brighton  Crest  and  The  Village   Apartments,   distributions   to  partners,
distributions to the minority  interest  partner,  payments of principal made on
the mortgages encumbering the Partnership's  investment  properties,  loan costs
paid,  payment  of  prepayment  penalties  for  Brighton  Crest and The  Village
Apartments and repayment of advances from the Managing General Partner partially
offset by the  proceeds  from the debt  refinancing  of  Brighton  Crest and The
Village Apartments and advances from the Managing General Partner.  Cash used in
investing  activities  consisted  of  property   improvements  and  replacements
partially  offset by net  withdrawals  from escrow  accounts  maintained  by the
mortgage  lenders.  The  Partnership  invests  its working  capital  reserves in
interest bearing accounts.

The sufficiency of existing  liquid assets to meet future  liquidity and capital
expenditure   requirements   is  directly   related  to  the  level  of  capital
expenditures  required at the various  properties  to  adequately  maintain  the
physical  assets and other operating needs of the Partnership and to comply with
Federal,  state,  and local  legal and  regulatory  requirements.  The  Managing
General  Partner  monitors  developments  in the  area of legal  and  regulatory
compliance and is studying new federal laws, including the Sarbanes-Oxley Act of
2002. The Sarbanes-Oxley Act of 2002 mandates or suggests additional  compliance
measures with regard to governance,  disclosure, audit and other areas. In light
of these changes,  the  Partnership  expects that it will incur higher  expenses
related  to  compliance,  including  increased  legal  and audit  fees.  Capital
improvements planned for the Partnership's properties are detailed below.

Brighton Crest Apartments

During the nine months ended  September  30,  2002,  the  Partnership  completed
approximately  $128,000  of capital  improvements  at the  property,  consisting
primarily of floor covering and appliance  replacements,  plumbing  upgrades and
wall  coverings.  These  improvements  were funded from operating cash flow. For
2002, the Partnership has budgeted,  but is not limited to, capital improvements
of approximately  $183,000,  consisting primarily of swimming pool upgrades, and
appliance  and  floor  covering  replacements.  Additional  improvements  may be
considered and will depend on the physical  condition of the property as well as
replacement reserves and anticipated cash flow generated by the property.

Fairway Apartments

During the nine months ended  September  30,  2002,  the  Partnership  completed
approximately  $62,000  of  capital  improvements  at the  property,  consisting
primarily of floor covering, water heater and air conditioning unit replacements
and structural improvements.  These improvements were funded from operating cash
flow. For 2002,  the  Partnership  has budgeted,  but is not limited to, capital
improvements of approximately $93,000,  consisting primarily of air conditioning
unit, water heater and floor covering replacements, interior decoration, parking
area and  swimming  pool  upgrades  and water  heater  replacements.  Additional
improvements may be considered and will depend on the physical  condition of the
property as well as anticipated cash flow generated by the property.

The Village Apartments

During the nine months ended  September  30,  2002,  the  Partnership  completed
approximately  $119,000  of capital  improvements  at the  property,  consisting
primarily of floor covering and roof replacements,  and structural improvements.
These  improvements  were  funded  from  operating  cash  flow.  For  2002,  the
Partnership  has  budgeted,  but is not  limited  to,  capital  improvements  of
approximately  $119,000,  consisting  primarily of air conditioning  unit, floor
covering  and  roof  replacements,   and  structural  improvements.   Additional
improvements may be considered and will depend on the physical  condition of the
property as well as replacement  reserves and anticipated cash flow generated by
the property.

The additional  capital  expenditures will be incurred only if cash is available
from operations or from Partnership  reserves.  To the extent that such budgeted
capital improvements are completed,  the Partnership's  distributable cash flow,
if any, may be adversely affected.

On January 8, 2002,  the  Partnership  refinanced the mortgage  encumbering  The
Village Apartments. The refinancing replaced the first mortgage of approximately
$1,766,000 and the second mortgage of approximately  $61,000 with a new mortgage
in the amount of $3,633,000.  The new mortgage carries a stated interest rate of
7.22% as compared to the 7.83%  interest rate on the old  mortgage.  Payments on
the mortgage loan are due monthly until the loan matures on February 1, 2022, at
which time it is scheduled to be fully  amortized.  Loan costs of  approximately
$228,000 were  capitalized  during the nine months ended  September 30, 2002 and
are included in other  assets on the  accompanying  balance  sheet and are being
amortized  over the term of the debt. The  Partnership  recognized a loss on the
early  extinguishment  of debt of  approximately  $89,000 during the nine months
ended September 30, 2002 due to the write off of unamortized loan costs and debt
discounts and  prepayment  penalties  paid.  In addition,  the  Partnership  was
required to deposit  approximately  $82,000 in a repair escrow  account with the
lender in order to complete required repairs at the property.

On January  14,  2002,  the  Partnership  refinanced  the  mortgage  encumbering
Brighton  Crest  Apartments.  The  refinancing  replaced  the first  mortgage of
approximately  $5,743,000 and the second mortgage of approximately $199,000 with
a new mortgage in the amount of $10,640,000.  The new mortgage  carries a stated
interest  rate of  7.16%  as  compared  to the  7.83%  interest  rate on the old
mortgage.  Payments on the mortgage  loan are due monthly until the loan matures
on February 1, 2022, at which time it is scheduled to be fully  amortized.  Loan
costs of approximately  $435,000 were  capitalized  during the nine months ended
September 30, 2002 and are included in other assets on the accompanying  balance
sheet  and are  being  amortized  over the  term of the  debt.  The  Partnership
recognized a loss on early extinguishment of debt of approximately  $309,000 due
to the write-off of  unamortized  loan costs and debt  discounts and  prepayment
penalties paid.

The Partnership's  current assets are thought to be sufficient for any near-term
needs  (exclusive  of capital  improvements)  of the  Partnership.  The mortgage
indebtedness of approximately $20,398,000 is amortized over 20 years and matures
January 1, 2021 and February 1, 2022,  at which time the loans are  scheduled to
be fully amortized.

Pursuant to the Partnership Agreement,  the term of the Partnership is scheduled
to expire on December 31, 2011. Accordingly,  prior to such date the Partnership
will need to either  sell its  investment  properties  or extend the term of the
Partnership.

The Partnership  distributed the following  amounts during the nine months ended
September 30, 2002 and 2001 (in thousands, except per unit data):

<TABLE>
<CAPTION>

                       Nine Months      Per Limited      Nine Months       Per Limited
                          Ended         Partnership         Ended          Partnership
                   September 30, 2002      Unit      September 30, 2001       Unit

<S>                       <C>             <C>              <C>               <C>
Operations                $ 788           $ 26.94          $1,188            $40.61
Refinancing (1)           4,785            163.60             266              9.09
                         $5,573           $190.54          $1,454            $49.70

(1)   Distributions  from the  refinancing  of  Brighton  Crest and The  Village
      Apartments during 2002 and The Fairway Apartments during 2001.
</TABLE>

Future cash  distributions  will depend on the levels of net cash generated from
operations, the availability of cash reserves and the timing of debt maturities,
refinancings,  and/or  property  sales.  The  Partnership's  cash  available for
distribution is reviewed on a monthly basis. There can be no assurance, however,
that the  Partnership  will generate  sufficient  funds from  operations,  after
required capital  improvements,  to permit further distributions to its partners
during the remainder of 2002 or subsequent periods.

Other

In addition to its indirect  ownership of the managing  general partner interest
in the  Partnership,  AIMCO and its affiliates  currently own 16,296.25  limited
partnership  units (the "Units") in the Partnership  representing  57.44% of the
outstanding  Units at September  30, 2002. A number of these Units were acquired
pursuant to tender offers made by AIMCO or its  affiliates.  It is possible that
AIMCO or its affiliates  will acquire  additional  Units of limited  partnership
interest in the  Partnership  in exchange for cash or a combination  of cash and
units in the operating  partnership of AIMCO either through private purchases or
tender offers. Under the Partnership  Agreement,  unitholders holding a majority
of the Units are  entitled to take  action with  respect to a variety of matters
which would include voting on certain  amendments to the  Partnership  Agreement
and voting to remove the Managing General Partner.  As a result of its ownership
of 57.44% of the outstanding  Units,  AIMCO is in a position to control all such
voting  decisions with respect to the Registrant.  Although the Managing General
Partner owes fiduciary duties to the limited  partners of the  Partnership,  the
Managing  General  Partner  also  owes  fiduciary  duties  to  AIMCO as its sole
stockholder.  As a  result,  the  duties of the  Managing  General  Partner,  as
managing general  partner,  to the Partnership and its limited partners may come
into conflict with the duties of the Managing  General  Partner to AIMCO, as its
sole stockholder.

Critical Accounting Policies and Estimates

The consolidated financial statements are prepared in accordance with accounting
principles generally accepted in the United States which require the Partnership
to  make  estimates  and  assumptions.  The  Partnership  believes  that  of its
significant  accounting  policies,  the following may involve a higher degree of
judgment and complexity.

Impairment of Long-Lived Assets

Investment  properties  are  recorded at cost,  less  accumulated  depreciation,
unless  considered  impaired.  If  events  or  circumstances  indicate  that the
carrying  amount of a property may be  impaired,  the  Partnership  will make an
assessment of its  recoverability  by estimating  the  undiscounted  future cash
flows,  excluding  interest  charges,  of the property.  If the carrying  amount
exceeds the aggregate  future cash flows,  the  Partnership  would  recognize an
impairment  loss to the extent the carrying amount exceeds the fair value of the
property.

Real  property  investments  are  subject  to varying  degrees of risk.  Several
factors  may  adversely  affect  the  economic  performance  and  value  of  the
Partnership's  investment  properties.  These  factors  include  changes  in the
national,  regional and local economic  climate;  local  conditions,  such as an
oversupply  of  multifamily   properties;   competition   from  other  available
multifamily  property  owners and changes in market  rental  rates.  Any adverse
changes in these factors could cause an impairment in the Partnership's assets.

Revenue Recognition

The Partnership generally leases apartment units for twelve-month terms or less.
Rental income  attributable to leases is recognized monthly as it is earned. The
Partnership will offer rental concessions during  particularly slow months or in
response  to  heavy  competition  from  other  similar  complexes  in the  area.
Concessions are charged to income as incurred.

ITEM 3.     CONTROLS AND PROCEDURES

The principal  executive officer and principal financial officer of the Managing
General Partner, who are the equivalent of the Partnership's principal executive
officer and principal financial officer,  respectively,  have, within 90 days of
the filing date of this quarterly  report,  evaluated the  effectiveness  of the
Partnership's  disclosure  controls and  procedures  (as defined in Exchange Act
Rules  (13a-14(c)  and  (15d-14(c))  and have  determined  that such  disclosure
controls and procedures are adequate.  There have been no significant changes in
the Partnership's internal controls or in other factors that could significantly
affect the  Partnership's  internal  controls since the date of evaluation.  The
Partnership does not believe any significant deficiencies or material weaknesses
exist in the Partnership's internal controls. Accordingly, no corrective actions
have been taken.



<PAGE>


                           PART II - OTHER INFORMATION


ITEM 1.     LEGAL PROCEEDINGS

In March 1998, several putative unit holders of limited partnership units of the
Partnership  commenced an action  entitled  Rosalie  Nuanes,  et al. v. Insignia
Financial Group, Inc., et al. (the "Nuanes action") in the Superior Court of the
State of  California  for the  County  of San  Mateo.  The  plaintiffs  named as
defendants,  among others,  the  Partnership,  its Managing  General Partner and
several of their  affiliated  partnerships  and corporate  entities.  The action
purports  to  assert  claims  on  behalf  of a class  of  limited  partners  and
derivatively  on behalf  of a number  of  limited  partnerships  (including  the
Partnership)  which are named as nominal  defendants,  challenging,  among other
things,  the  acquisition  of  interests  in certain  Managing  General  Partner
entities by Insignia Financial Group, Inc. ("Insignia") and entities which were,
at one  time,  affiliates  of  Insignia;  past  tender  offers  by the  Insignia
affiliates to acquire limited partnership units;  management of the partnerships
by the  Insignia  affiliates;  and the series of  transactions  which  closed on
October 1, 1998 and February 26, 1999 whereby  Insignia and Insignia  Properties
Trust,  respectively,  were merged  into AIMCO.  The  plaintiffs  seek  monetary
damages and equitable relief, including judicial dissolution of the Partnership.
On June 25, 1998, the Managing General Partner filed a motion seeking  dismissal
of the action.  In lieu of responding  to the motion,  the  plaintiffs  filed an
amended  complaint.  The Managing General Partner filed demurrers to the amended
complaint which were heard February 1999.

Pending the ruling on such  demurrers,  settlement  negotiations  commenced.  On
November 2, 1999,  the parties  executed and filed a Stipulation  of Settlement,
settling claims, subject to court approval, on behalf of the Partnership and all
limited partners who owned units as of November 3, 1999. Preliminary approval of
the  settlement  was obtained on November 3, 1999 from the Court,  at which time
the Court set a final  approval  hearing for  December  10,  1999.  Prior to the
December  10,  1999  hearing,  the  Court  received  various  objections  to the
settlement, including a challenge to the Court's preliminary approval based upon
the alleged lack of authority of prior lead counsel to enter the settlement.  On
December 14, 1999, the Managing  General  Partner and its affiliates  terminated
the  proposed  settlement.  In  February  2000,  counsel  for some of the  named
plaintiffs filed a motion to disqualify plaintiff's lead and liaison counsel who
negotiated  the  settlement.  On June  27,  2000,  the  Court  entered  an order
disqualifying  them  from the case and an  appeal  was  taken  from the order on
October 5, 2000. On December 4, 2000, the Court  appointed the law firm of Lieff
Cabraser  Heimann & Bernstein  LLP as new lead  counsel for  plaintiffs  and the
putative class.  Plaintiffs filed a third amended complaint on January 19, 2001.
On March 2, 2001,  the  Managing  General  Partner  and its  affiliates  filed a
demurrer to the third amended  complaint.  On May 14, 2001,  the Court heard the
demurrer to the third amended  complaint.  On July 10, 2001, the Court issued an
order  sustaining  defendants'  demurrer on certain  grounds.  On July 20, 2001,
Plaintiffs filed a motion for reconsideration of the Court's July 10, 2001 order
granting in part and denying in part defendants' demurrer. On September 7, 2001,
Plaintiffs  filed a fourth amended class and  derivative  action  complaint.  On
September 12, 2001, the Court denied Plaintiffs' motion for reconsideration.  On
October 5, 2001, the Managing General Partner and affiliated  defendants filed a
demurrer to the fourth amended complaint,  which was heard on December 11, 2001.
On February 2, 2002,  the Court served its order  granting in part the demurrer.
The  Court has  dismissed  without  leave to amend  certain  of the  plaintiffs'
claims.  On February 11, 2002,  plaintiffs  filed a motion  seeking to certify a
putative  class  comprised of all  non-affiliated  persons who own or have owned
units  in  the  partnerships.   The  Managing  General  Partner  and  affiliated
defendants  oppose the motion.  On April 29,  2002,  the Court held a hearing on
plaintiffs' motion for class  certification and took the matter under submission
after further  briefing,  as ordered by the court, was submitted by the parties.
On July 10, 2002,  the Court entered an order vacating the current trial date of
January 13, 2003 (as well as the  pre-trial  and  discovery  cut-off  dates) and
stayed the case in its entirety through November 7, 2002 so that the parties can
have an  opportunity  to discuss  settlement.  On October  30,  2002,  the court
entered an order extending the stay in effect through January 10, 2003.

During the third  quarter of 2001, a complaint  (the "Heller  action") was filed
against  the same  defendants  that are named in the  Nuanes  action,  captioned
Heller v. Insignia Financial Group. On or about August 6, 2001, plaintiffs filed
a first amended  complaint.  The first amended complaint in the Heller action is
brought as a purported  derivative  action,  and asserts  claims for among other
things  breach  of  fiduciary  duty;  unfair  competition;   conversion,  unjust
enrichment;  and judicial  dissolution.  Plaintiffs in the Nuanes action filed a
motion to  consolidate  the Heller action with the Nuanes action and stated that
the Heller action was filed in order to preserve the derivative claims that were
dismissed  without  leave to amend in the Nuanes action by the Court order dated
July 10, 2001. On October 5, 2001, the Managing  General  Partner and affiliated
defendants  moved to strike the first  amended  complaint  in its  entirety  for
violating  the Court's July 10, 2001 order  granting in part and denying in part
defendants'  demurrer in the Nuanes action, or alternatively,  to strike certain
portions of the complaint based on the statute of limitations.  Other defendants
in the action  demurred to the fourth  amended  complaint,  and,  alternatively,
moved to strike the complaint. On December 11, 2001, the court heard argument on
the motions  and took the matters  under  submission.  On February 4, 2002,  the
Court  served  notice of its order  granting  defendants'  motion to strike  the
Heller complaint as a violation of its July 10, 2001 order in the Nuanes action.
On March 27, 2002,  the plaintiffs  filed a notice  appealing the order striking
the complaint. The parties are currently in the midst of briefing that appeal.

The Managing  General Partner does not anticipate that any costs,  whether legal
or  settlement  costs,  associated  with  these  cases will be  material  to the
Partnership's overall operations.

ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K

            a) Exhibits:

                  Exhibit 3.1, Agreement of Limited  Partnership is incorporated
                  by reference to Exhibit A to the  Prospectus of the Registrant
                  dated April 13, 1986 as filed with the Commission  pursuant to
                  Rule 424(b) under the Act.

                  Exhibit 3.2,  Amendments to the  Partnership  Agreement  dated
                  August  20,  1986 and  January  1,  1987 are  incorporated  by
                  reference to Exhibit 3A to the  Registrant's  Annual Report on
                  Form 10-K for the fiscal year ended December 31, 1987.

                  Exhibit 4.1,  Certificate of Limited Partnership dated May 20,
                  1986  is  incorporated  by  reference  to  Exhibit  4  to  the
                  Registrant's  Registration  Statement  on Form S-11 dated June
                  23, 1986.

                  Exhibit 99, Certification of Chief Executive Officer and Chief
                  Financial Officer.

            b) Reports on Form 8-K:

                  None filed during the quarter ended September 30, 2002.



<PAGE>



                                   SIGNATURES



In accordance with the  requirements of the Exchange Act, the Registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.



                                    DAVIDSON GROWTH PLUS, L.P.


                                    By:   DAVIDSON GROWTH PLUS GP CORPORATION
                                          Managing General Partner


                                    By:   /s/Patrick J. Foye
                                          Patrick J. Foye
                                          Executive Vice President


                                    By:   /s/Thomas C. Novosel
                                          Thomas C. Novosel
                                          Senior Vice President
                                          and Chief Accounting Officer


                                    Date: November 13, 2002



<PAGE>



                                  CERTIFICATION


I, Patrick J. Foye, certify that:


1. I have reviewed this quarterly report on Form 10-QSB of Davidson Growth Plus,
L.P.;


2. Based on my  knowledge,  this  quarterly  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 quarterly
report;


3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;


4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:


      a)  Designed  such  disclosure  controls  and  procedures  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 quarterly report is
      being prepared;


      b) Evaluated the effectiveness of the registrant's disclosure controls and
      procedures  as of a date  within 90 days prior to the filing  date of this
      quarterly report (the "Evaluation Date"); and


      c)  Presented  in  this  quarterly   report  our  conclusions   about  the
      effectiveness  of the  disclosure  controls  and  procedures  based on our
      evaluation as of the Evaluation Date;


5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
registrant's   board  of  directors  (or  persons   performing   the  equivalent
functions):


      a) All  significant  deficiencies  in the design or  operation of internal
      controls which could adversely affect the registrant's  ability to record,
      process,  summarize and report  financial data and have identified for the
      registrant's auditors any material weaknesses in internal controls; and


      b) Any fraud,  whether or not material,  that involves management or other
      employees  who  have  a  significant  role  in the  registrant's  internal
      controls; and


6. The  registrant's  other  certifying  officers  and I have  indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.


Date:  November 13, 2002

                                    _______________________
                                    Patrick J. Foye
                                    Executive Vice President of Davidson  Growth
                                    Plus GP Corporation, equivalent of the chief
                                    executive officer of the Partnership


<PAGE>



                                  CERTIFICATION


I, Paul J. McAuliffe, certify that:


1. I have reviewed this quarterly report on Form 10-QSB of Davidson Growth Plus,
L.P.;


2. Based on my  knowledge,  this  quarterly  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 quarterly
report;


3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;


4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:


      a)  Designed  such  disclosure  controls  and  procedures  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 quarterly report is
      being prepared;


      b) Evaluated the effectiveness of the registrant's disclosure controls and
      procedures  as of a date  within 90 days prior to the filing  date of this
      quarterly report (the "Evaluation Date"); and


      c)  Presented  in  this  quarterly   report  our  conclusions   about  the
      effectiveness  of the  disclosure  controls  and  procedures  based on our
      evaluation as of the Evaluation Date;


5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
registrant's   board  of  directors  (or  persons   performing   the  equivalent
functions):


      a) All  significant  deficiencies  in the design or  operation of internal
      controls which could adversely affect the registrant's  ability to record,
      process,  summarize and report  financial data and have identified for the
      registrant's auditors any material weaknesses in internal controls; and


      b) Any fraud,  whether or not material,  that involves management or other
      employees  who  have  a  significant  role  in the  registrant's  internal
      controls; and


6. The  registrant's  other  certifying  officers  and I have  indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.


Date:  November 13, 2002

                                    _______________________
                                    Paul J. McAuliffe
                                    Executive Vice President and Chief Financial
                                    Officer   of   Davidson   Growth   Plus   GP
                                    Corporation,   equivalent   of   the   chief
                                    financial officer of the Partnership



<PAGE>


Exhibit 99


                          Certification of CEO and CFO
                       Pursuant to 18 U.S.C. Section 1350,
                             As Adopted Pursuant to
                  Section 906 of the Sarbanes-Oxley Act of 2002



In connection with the Quarterly  Report on Form 10-QSB of Davidson Growth Plus,
L.P. (the  "Partnership"),  for the quarterly period ended September 30, 2002 as
filed with the  Securities  and  Exchange  Commission  on the date  hereof  (the
"Report"),  Patrick J. Foye, as the equivalent of the chief executive officer of
the Partnership, and Paul J. McAuliffe, as the equivalent of the chief financial
officer of the Partnership, each hereby certifies, pursuant to 18 U.S.C. Section
1350,  as adopted  pursuant  to Section 906 of the  Sarbanes-Oxley  Act of 2002,
that, to the best of his knowledge:

     (1)  The Report fully  complies with the  requirements  of Section 13(a) or
          15(d) of the Securities Exchange Act of 1934; and

     (2)  The  information  contained  in the  Report  fairly  presents,  in all
          material respects,  the financial  condition and results of operations
          of the Partnership.


                               /s/ Patrick J. Foye
                              Name: Patrick J. Foye
                              Date: November 13, 2002


                              /s/ Paul J. McAuliffe
                             Name: Paul J. McAuliffe
                             Date: November 13, 2002


This  certification  accompanies  the  Report  pursuant  to  Section  906 of the
Sarbanes-Oxley  Act of 2002 and shall not,  except to the extent required by the
Sarbanes-Oxley  Act of 2002, be deemed filed by the  Partnership for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended.