UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 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: President
Phone: 212-320-2000
Signature, Place, and Date of Signing:
Joseph A. Zock, New York, New York, February 11, 2000
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
December 31, 1999
<TABLE>
<CAPTION>
Voting Authority
Value Shares/ Sh/ Put/ Invstmt Other
Name of Issuer Title of clCUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMERICAN GREETINGS CORP COM 026375105 15,734 666,000 SH Sole 666,000
APACHE CORP. COM 037411105 16,836 455,800 SH Sole 455,800
APPLIED MATLS INC COM COM 038222105 10,129 79,950 SH Sole 79,950
AVISTA CORP. COM 05379B107 10,238 663,200 SH Sole 663,200
BARD (C.R.) INC. COM 067383109 17,662 333,250 SH Sole 333,250
BOWATER INC. COM 102183100 18,311 337,150 SH Sole 337,150
BRINKER INTERNATIONAL INC COM 109641100 14,083 583,750 SH Sole 583,750
CHIRON CORP. COM 170040109 22,741 536,650 SH Sole 536,650
CMS ENERGY CORP COM 125896100 12,010 385,100 SH Sole 385,100
COMPUWARE CORP COM 205638109 23,341 626,600 SH Sole 626,600
COMVERSE TECHNOLOGY INC. COM 205862402 11,175 77,200 SH Sole 77,200
COOPER CAMERON CORP COM 216640102 10,120 206,800 SH Sole 206,800
DEERE & CO COM 244199105 17,743 409,050 SH Sole 409,050
DELHAIZE AMERICA INC. COM 246688105 16,756 824,896 SH Sole 824,896
ENSCO INTERNATIONAL INC COM 26874Q100 17,840 779,900 SH Sole 779,900
FIRST TENNESSEE NATL CORP COM 337162101 11,832 415,150 SH Sole 415,150
FLOWERS INDS INC COM 343496105 31,041 400,000 SH Sole 400,000
HALLIBURTON CO COM 406216101 19,845 493,050 SH Sole 493,050
HANNA M A CO COM 410522106 11,892 1,087,280 SH Sole 1,087,280
HARCOURT GENERAL INC. COM 41163g101 11,960 297,150 SH Sole 297,150
HELIX TECHNOLOGY CORP COM 423319102 13,670 305,050 SH Sole 305,050
HOUGHTON MIFFLIN CO. COM 441560109 12,812 303,700 SH Sole 303,700
IDACORP INC. COM 451107106 15,761 587,817 SH Sole 587,817
INFINITY BROADCASTING CORP-A COM 45662s102 23,321 644,438 SH Sole 644,438
IVAX CORP COM 465823102 29,219 1,134,700 SH Sole 1,134,700
LSI LOGIC CORP COM 502161102 12,960 192,000 SH Sole 192,000
MANOR CARE INC. COM 564055101 16,322 1,020,100 SH Sole 1,020,100
MCCORMICK & CO-NON VTG SHRS COM 579780206 15,690 527,400 SH Sole 527,400
NABORS INDUSTRIES INC. COM 629568106 14,191 458,700 SH Sole 458,700
NATIONAL SEMICONDUCTOR COM COM 637640103 22,044 514,900 SH Sole 514,900
SEMPRA ENERGY COM 816851109 12,561 722,936 SH Sole 722,936
SOUTHWEST AIRLINES COM 844741108 17,629 1,093,275 SH Sole 1,093,275
SUMMIT BANCORP COM 866005101 16,652 543,750 SH Sole 543,750
TERADYNE INC COM 880770102 15,553 235,650 SH Sole 235,650
TEXAS INDUSTRIES INC. COM 882491103 22,607 531,150 SH Sole 531,150
U S WEST INC COM 91273H101 20,660 286,950 SH Sole 286,950
VALASSIS COMMUNICATIONS INC COM 918866104 18,434 436,300 SH Sole 436,300
WEYERHAEUSER CO. COM 962166104 15,813 220,200 SH Sole 220,200
WILLIAMS COS INC. COM 969457100 11,528 377,200 SH Sole 377,200
</TABLE>
