<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings
entries.
Institutional Investment Manager Filing this Report:
Name: RH Capital Associates LLC
Address: 55 Harristown Road
Glen Rock, New Jersey
Form 13F File Number: 28-6196
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: Robert Horwitz
Title: Managing Member
Phone: (201) 444-2850
Signature, Place, and Date of Signing:
/s/ Robert Horowitz Glen Rock, New Jersey 5/10/2000
_______________________ _____________________ _________
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of
this reporting manager are reported in this report.)
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[ ] 13F NOTICE. (Check here if no holdings reported are in
this report, and all holdings are reported by other
reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this
report and a portion are reported by other reporting
manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
[Repeat as necessary.]
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 38
Form 13F Information Table Value Total: $259,766,000
List of Other Included Managers: NONE
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.
[If there are no entries in this list, state "NONE" and omit the
column headings and list entries.]
No. Form 13F File Number Name
28-
[Repeat as necessary.]
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<TABLE>
RH CAPITAL ASSOCIATES
FORM 13F
MARCH 31, 2000
<CAPTION>
TITLE CUSIP VALUE SHRS/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER OF CLASS NUMBER (x$1000) PRN AMT PRN CALL DSCRETN - MANAGERS SOLE SHARED NONE
- -------------- -------- ------ ------ ------- --- ---- ------- --------- ---- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ADELPHIA COMM COM 006848105 4353 88846 SH Sole Sole
AKAMAI TECHNOLOGIES COM 00971t101 804 5000 SH Sole Sole
ALLTEL CORP COM 020039103 2523 40000 SH Sole Sole
ALZA CORP COM 022615108 939 25000 SH Sole Sole
BEL FUSE INC-CL B COM 077347300 634 30200 SH Sole Sole
CISCO SYSTEMS INC COM 17275r102 1276 16500 SH Sole Sole
CITIZENS UTILITIES B COM 177342201 5307 324100 SH Sole Sole
CRYPTOLOGIC INC COM 228906103 13037 469800 SH Sole Sole
CSG SYSTEMS COM 126349109 6453 132200 SH Sole Sole
DUFF/PHELPS CR RATE COM 26432f109 16159 162100 SH Sole Sole
E DIGITAL CORP COM COM 26841y103 503 50000 SH Sole Sole
GARTNER GROUP INC COM 366651107 7836 497500 SH Sole Sole
GEMSTAR COM g3788v106 3698 43000 SH Sole Sole
GENSET SA-ADR COM 37244t104 2872 88400 SH Sole Sole
IMS HEALTH INC COM 449934108 1482 87500 SH Sole Sole
INAMED CORP. COM 453235103 10688 215909 SH Sole Sole
INDUS INTERNATIONAL COM 45578l100 2906 347000 SH Sole Sole
INVESTMENT TECH GRP COM 46145f105 6486 184000 SH Sole Sole
JOHNSON & JOHNSON COM 478160104 5269 75000 SH Sole Sole
LIBERTY MEDIA GR. A COM 001957208 24210 408600 SH Sole Sole
MANUGISTICS GROUP COM 565011103 8492 166500 SH Sole Sole
MARVEL ENTERPRISES COM 57383m108 59 10000 SH Sole Sole
MEDICAL MANAGER CORP COM 58461u103 2542 72500 SH Sole Sole
MENTOR CORP MINN COM 587188103 2025 75000 SH Sole Sole
MOTOROLA INC COM 620076109 2975 20375 SH Sole Sole
MRV COMMUNICATIONS COM 553477100 14358 156700 SH Sole Sole
ON TECHNOLOGY CORP COM 68219p108 1807 172100 SH Sole Sole
PETROLEUM GEO COM 716597109 1053 60800 SH Sole Sole
POLICY MANAGEMENT COM 731108106 6180 515000 SH Sole Sole
REYNOLDS & REYNOLDS COM 761695105 219 8100 SH Sole Sole
SAWTECH INC COM 805468105 2460 46800 SH Sole Sole
SCP POOLS COM 784028102 8382 273700 SH Sole Sole
TODD AO CORP-CL A COM 888896107 6507 188600 SH Sole Sole
UNITED GLOBAL COM 913247508 46667 621700 SH Sole Sole
USA NETWORKS INC COM 902984103 18050 800000 SH Sole Sole
VENGOLD INC COM 92267k100 7718 3982331 SH Sole Sole
WASHINGTON POST COM 939640108 8818 16300 SH Sole Sole
WATER PIK TECH COM 94113u100 4019 554400 SH Sole Sole
REPORT SUMMARY 259766
</TABLE>
42255001.AG3
