EWING & PARTNERS
13F-HR, 2000-05-12
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                               UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                          WASHINGTON, D.C. 20549

                                 FORM 13F

                            FORM 13F COVER PAGE

                Report for the 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:          Ewing & Partners
Address:       4514 Cole Avenue, Suite 808
               Dallas, TX  75205

13F File Number:    28-6820

  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:          Timothy G. Ewing
Title:         Managing Partner
Phone:         (214) 522-2100
Signature, Place, and Date of Signing:

  /S/ TIMOTHY G. EWING        Dallas, Texas            May 12, 2000
  --------------------        -------------            ------------


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 REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.

<PAGE>




                           FORM 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:                0

Form 13F Information Table Entry Total:           6

Form 13F Information Table Value Total:           $59,466


List of Other Included Managers:

No.    13F File Number        Name
- ---    ---------------        ----


<PAGE>




<TABLE>

                                              FORM 13F INFORMATION TABLE

<CAPTION>                                                                                                   VOTING AUTHORITY
                          TITLE OF               VALUE     SHARES/   SH/  PUT/   INVSTMT    OTHER    ----------------------------
NAME OF ISSUER             CLASS     CUSIP     (X$1,000)   PRN AMT   PRN  CALL   DSCRETN   MANAGERS     SOLE    SHARED     NONE
- --------------             -----   ---------   --------- ----------  ---  ----  --------  ---------  ---------  -------   -------
<S>                       <C>      <C>          <C>      <C>         <C>  <C>   <C>       <C>        <C>        <C>       <C>
ALLSTATE FINL CORP VA       COM    020011102         521    668,368  SH           SOLE                 668,368
ALTIVA FINL CORP            COM    021497300       2,213  1,361,732  SH           SOLE               1,361,732
                            NEW
AMERICA SVC GROUP INC       COM    02364L109       7,884    525,575  SH           SOLE                 525,575
CHEROKEE INC DEL NEW        COM    16444H102      15,582  2,112,869  SH           SOLE               2,112,869
HAWTHORNE FINL CORP         COM    420542102       3,963    473,226  SH           SOLE                 473,226
MIAMI COMPUTER SUPPLY
 CORP                       COM    593261100      29,303    933,973  SH           SOLE                 933,973

</TABLE>




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