UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 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, November 8, 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
September 30, 1999
<TABLE>
<CAPTION>
Voting Authority
Value Shares/Sh/ Put/ Invstm Other
Name of Issuer Title of cl CUSIP (x$1000 Prn AmtPrn Call Dscret Managers Sole Shared
<S) <C> <C> <C> <C> <C> <C> <C>
AMERICAN GREETINGS CORP COM 026375105 17296 671700SH Sole 671,700
APACHE CORP. COM 037411105 19469 450800SH Sole 450,800
APPLIED MATLS INC COM COM 038222105 6095 78450SH Sole 78,450
AVISTA CORP. COM 05379B107 11523 656100SH Sole 656,100
BARD (C.R.) INC. COM 067383109 15688 333350SH Sole 333,350
BOWATER INC. COM 102183100 16081 306300SH Sole 306,300
BRINKER INTERNATIONAL INC COM 109641100 15227 562650SH Sole 562,650
CHIRON CORP. COM 170040109 14684 530350SH Sole 530,350
CMS ENERGY CORP COM 125896100 13107 386200SH Sole 386,200
COMVERSE TECHNOLOGY INC. COM 205862402 7201 76350SH Sole 76,350
COOPER CAMERON CORP COM 216640102 16644 440900SH Sole 440,900
DEERE & CO COM 244199105 15663 404850SH Sole 404,850
DELHAIZE AMERICA INC. COM 246688105 9826463762.71SH Sole 463,763
DELUXE CORP COM 248019101 15616 459300SH Sole 459,300
ELECTRONIC ARTS INC COM 285512109 17426 240772SH Sole 240,772
ENSCO INTERNATIONALINC COM 26874Q100 244 13500SH Sole 13,500
FIRST TENNESSEE NATL CORP COM 337162101 11535 410150SH Sole 410,150
FLOWERS INDS INC COM 343496105 24066 100,000SH Sole 100,000
HALLIBURTON CO COM 406216101 15890 387550SH Sole 387,550
HANNA M A CO COM 410522106 12595 1107280SH Sole 1,107,280
HARCOURT GENERAL INC. COM 41163g101 12227 293750SH Sole 293,750
HELIX TECHNOLOGY CORP COM 423319102 10123 304450SH Sole 304,450
HOUGHTON MIFFLIN CO. COM 441560109 12220 300800SH Sole 300,800
IDACORP INC. COM 451107106 14530 482317SH Sole 482,317
IVAX CORP COM 465823102 18673 1131700SH Sole 1,131,700
LSI LOGIC CORP COM 502161102 9955 191450SH Sole 191,450
MANOR CARE INC. COM 564055101 15311 890800SH Sole 890,800
MCCORMICK & CO-NON VTG SHRS COM 579780206 17288 522900SH Sole 522,900
NATIONAL SEMICONDUCTOR COM COM 637640103 15541 508500SH Sole 508,500
OFFICE DEPOT COM 676220106 8389 798975SH Sole 798,975
OUTDOOR SYSTEMS INC. COM 690057104 18225 509800SH Sole 509,800
SEMPRA ENERGY COM 816851109 15003 720879SH Sole 720,879
SOUTHWEST AIRLINES COM 844741108 11697 770175SH Sole 770,175
STEWART ENTERPRISES COM 860370105 8178 1348900SH Sole 1,348,900
SUMMIT BANCORP COM 866005101 14057 433350SH Sole 433,350
TERADYNE INC COM 880770102 6095 172900SH Sole 172,900
TEXAS INDUSTRIES INC. COM 882491103 19538 528050SH Sole 528,050
TRANSOCEAN OFFSHORE INC-CAYM COM G90076103 14577 476000SH Sole 476,000
U S WEST INC COM 91273H101 16229 284400SH Sole 284,400
UNOCAL CORP COM 915289102 16345 441000SH Sole 441,000
WEYERHAEUSER CO. COM 962166104 6759 117300SH Sole 117,300
WILLIAMS COS INC. COM 969457100 14064 373800SH Sole 373,800
</TABLE>
/TEXT>
