UNITED STATES SECURITIES AND EXCHANGE COMISSION
WASHINGTON, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 3/31/00
Check here if Amendment [ ]; Amendment Number: 1
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Appaloosa Management L.P.
Address: 26 Main Street
Chatham, NJ 07928
13F File Number:
The institutional investment manager filing this report and the person
by whom it is signed hereby represent that the person signing the report
is authorized to submit it, that all information contained herein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, lists, and tables, are considered integral parts
of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Lawrence P. O'Friel
Title: Treasurer
Phone: 973-701-7000
Signature, Place and Date of Signing:
Lawrence P. O'Friel Chatham, New Jersey 5/10/00
Report Type (check only one):
[X ] 13F Holdings Report
[ ] 13F Notice
[ ] 13F Combination Report
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQIURED BY THE SECURITIES EXCHANGE ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 23
Form 13F Information Table Value Total: 547,055,681
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
Name of Issuer Title of Class CUSIP (x$1000) PRN AMT PRN CA
- -------------------------- --------------- ----- -------
Beverly Enterprises Inc. COM NEW 087851309 8,666 2,350,000 x 2,350,000
C.I.T. Group Inc. CL A 125577106 48,750 2,500,000 x 2,500,000
CK Witco Corp. COM 12562C108 4,584 450,000 x 450,000
Grand Union Co. COM 386532402 4,996 1,737,700 x 1,737,700
Inamed Corp. COM 453235103 261,996 5,458,256 x 5,458,256
Korea Telecom Corp. SP ADR 50063P103 5,915 135,000 x 135,000
Mentor Corp. COM 587188103 7,425 275,000 x 275,000
Mesabi Trust UBI CFT BEN IN 590672101 1,445 502,500 x 502,500
Noble Affiliates Inc. COM 654894104 17,227 525,000 x 525,000
Ocean Energy Inc. COM NEW 67481E106 30,188 2,100,000 x 2,100,000
Pepsi Bottling Group Inc. COM 713409100 15,000 750,000 x 750,000
Packaging Corp of America COM 695156109 4,729 450,400 x 450,400
Quantum corp.-Hd Disk Drive COM HDDG 747906204 5,625 500,000 x 500,000
Tenet Healthcare Corp. COM 88033G100 19,181 825,000 x 825,000
Ventas Inc. COM 92276F100 7,496 2,262,800 x 2,262,800
Vitro SA ADR SPONS ADR 928502301 4,536 955,000 x 955,000
Waste Management Inc. COM 94106L109 28,744 2,100,000 x 2,100,000
Philip Morris COM 718154907 21,186 1,021,000 CALL
Reynolds R J TOB Hld INC COM 761695905 213 12,500 CALL
Unocal Corp COM 915289102 27,581 927,100 x 927,100
Union Pacific Resources Group COM 907834105 14,500 1,000,000 x 1,000,000
US West Inc New COM 91273H101 2,106 29,000 x 29,000
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