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, 1999
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: Capital Management Associates
Address: 140 Broadway
44th Floor
New York, NY 10005
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 Joseph A. Zock
Title: Managing Director
Phone: 212-320-2000
Signature, Place, and Date of Signing:
Joseph A. Zock New York, New York April 28, 1999
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Mangers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers:
Form 13F Information Table Entry Total:
Form 13F Information Table Value Total:
List of Other Included Mangers:
No. 13F File Number Name
Capital Management Associates
FORM 13F
March 31, 1999
<TABLE>
<CAPTION>
Title Investment Discretion
Voting Authority
Of
Security Class CUSIP Market Value Quantity Sole Share other
Managers Sole Share None
Common Stock
<S> <C> <C> <C> <C> <C> <C> <C>
APACHE CORP. COM 037411105 17437116 669050x 669050
APPLIED MATLS INC COM COM 038222105 7396331 119900x 119900
AVISTA CORP. COM 05379B107 14220375 875100x 875100
BARD (C.R.) INC. COM 067383109 17373197 344450x 344450
BMC SOFTWARE INC COM 055921100 4895956 132100x 132100
BRINKER INTERNATIONAL INC COM 109641100 14796047 570450x 570450
CHIRON CORP. COM 170040109 14888981 678700x 678700
CKE RESTAURANTS INC. COM 12561E105 12905637 653450x 653450
CMS ENERGY CORP COM 125896100 14449750 359000x 359000
COMVERSE TECHNOLOGY INC. COM 205862402 7662750 90150x 90150
COOPER CAMERON CORP COM 216640102 17174625 507000x 507000
DEERE & CO COM 244199105 17746256 459450x 459450
DELUXE CORP COM 248019101 15535275 533400x 533400
ELECTRONIC ARTS INC COM 285512109 15347535 323106x 323106
FIRST TENNESSEE NATL CORP. COM 337162101 15334887 418700x 418700
HALLIBURTON CO COM 406216101 17142125 445250x 445250
HANNA M A CO COM 410522106 14075556 1098580x 1098580
HELIX TECHNOLOGY CORP COM 423319102 11019262 716700x 716700
IDACORP INC. COM 451107106 14370416 488167x 488167
IPALCO ENTERPRISES COM 462613100 3395925 154800x 154800
IVAX CORP COM 465823102 15279469 1293500x 1293500
KLA-TENCOR CORP COM 482480100 5533697 113950x 113950
LEGATO SYSTEMS COM 524651106 7927019 153550x 153550
LSI LOGIC CORP COM 502161102 12439134 398850x 398850
MCCORMICK & CO-NON VTG SHRS COM 579780206 15242400 525600x 525600
MERCK & CO INC COM 589331107 6187653 77225x 77225
MERRILL LYNCH & CO INC COM COM 590188108 619500 7000x 7000
NATIONAL DATA CORP COM 635621105 9504600 226300x 226300
OFFICE DEPOT COM 676220106 17032191 454950x 454950
OUTDOOR SYSTEMS INC. COM 690057104 17304000 576800x 576800
PAGING NETWORK INC. COM 695542100 386719 82500x 82500
PHILIP MORRIS COS INC COM 718154107 207606 5900x 5900
SANDISK CORP COM 80004C101 6227500 235000x 235000
SEMPRA ENERGY COM 816851109 13609633 709297x 709297
SOUTHWEST AIRLINES COM 844741108 16055187 530750x 530750
STEWART ENTERPRISES COM 860370105 17964300 1118400x 1118400
SUMMIT BANCORP COM 866005101 16827525 431475x 431475
SYNOVUS FINL CORP COM 87161C105 728549 35539x 35539
TERADYNE INC COM 880770102 4831509 88550x 88550
TEXAS INDUSTRIES INC. COM 882491103 14481816 583650x 583650
U S WEST INC COM 91273H101 8534687 155000x 155000
UNITED STATES FILTER CORP COM 911843209 18460750 602800x 602800
WASTE MANAGEMENT INC. NEW COM 94106L109 418234 9425x 9425
WILLIAMS COS INC. COM 969457100 18106800 458400x 458400
511078480
</TABLE>
