[TYPE]
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: 03/31/2000
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: TM Capital Management, Inc.
Address: 303 South Broadway
Suite 470
Tarrytown, New York 10591
Form 13F File Number: 028-07166
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: Patricia B. Fallon
Title: Treasurer
Phone: (914) 366 - 4729
Signature, Place, and Date of Signing:
/s/ Patricia B. Fallon Tarrytown, New York 5/09/2000
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[Signature] [City, State] [Date]
<PAGE>
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT. (Check here if all holdings of
this reporting manager are reported in this report.)
[ ] 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).)
<PAGE>
13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 11
Form 13F Information Table Value Total: 361,423
[thousands]
List of Other Included Managers: None
<PAGE>
<TABLE>
FORM 13F INFORMATION TABLE
<CAPTION>
TITLE
OF VALUE SHARES/ SH/ PUT/INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALLDSCRETN MGRS SOLE SHARED NONE
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CG Columbia Energy COM 197648108 45919 775000SH SOLE 500,000 0 0
CIN Cinergy COM 172474108 16233 755000SH SOLE 600,000 0 0
CMS CMS Energy COM 125896100 51203 2825000SH SOLE 250,000 0 0
EIX Edison Internat COM 281020107 6956 420000SH SOLE
FPL Florida P&L COM 341109106 20268 440000SH SOLE 500,000 0 0
GPU Gen Public Util COM 36225X100 38325 1400000SH SOLE 3,390,000 0 0
KLT Kan City P&L COM 485134100 725 25000SH SOLE 990,000 0 0
NEG Energy East CorpCOM 29266M109 5944 300000SH SOLE
NMK Niagra Mohawk COM 653520106 33750 2500000SH SOLE 2,500,000 0 0
NU Northeast Util COM 664397106 126313 5875000SH SOLE 5,532,800 0 0
UNS Unisource COM 909205106 15789 1075000SH SOLE 1,300,000 0 0
Grand Total 361423
</TABLE>
