  Rapidly rotating neutron stars in Low Mass X-ray Binaries have been proposed
as an interesting source of gravitational waves. In this chapter we present
estimates of the gravitational wave emission for various scenarios, given the
(electromagnetically) observed characteristics of these systems. First of all
we focus on the r-mode instability and show that a 'minimal' neutron star model
(which does not incorporate exotica in the core, dynamically important magnetic
fields or superfluid degrees of freedom), is not consistent with observations.
We then present estimates of both thermally induced and magnetically sustained
mountains in the crust. In general magnetic mountains are likely to be
detectable only if the buried magnetic field of the star is of the order of
$B\approx 10^{12}$ G. In the thermal mountain case we find that gravitational
wave emission from persistent systems may be detected by ground based
interferometers. Finally we re-asses the idea that gravitational wave emission
may be balancing the accretion torque in these systems, and show that in most
cases the disc/magnetosphere interaction can account for the observed spin
periods.
