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, 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: 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, April 27, 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
March 31, 2000
<TABLE>
<CAPTION> Voting
Authority
Value Shares/ Sh/Put/InvstmOther
Name of Issuer Title CUSIP (x$1000Prn Amt PrnCallDscretManage Sole Shared None
<S> <C> <C> <C> <C> <C><C> <C> <C> <C> <C> <C>
AMERICAN GREETINGS CORP COM 026375105 20,2691,110,65SH Sole 1,110,650
ANTEC CORP. COM 03664P105 17,925 400,000SH Sole 400,000
APACHE CORP. COM 037411105 24,532 493,100SH Sole 493,100
BARD (C.R.) INC. COM 067383109 18,423 476,200SH Sole 476,200
BOWATER INC. COM 102183100 19,282 361,250SH Sole 361,250
BRINKER INTERNATIONAL INC COM 109641100 21,071 709,750SH Sole 709,750
COMPUWARE CORP COM 205638109 13,181 625,800SH Sole 625,800
CONSTELLATION ENERGY GROUP COM 210371100 18,156 569,600SH Sole 569,600
COOPER CAMERON CORP COM 216640102 18,845 281,800SH Sole 281,800
DEERE & CO COM 244199105 16,919 445,250SH Sole 445,250
ENSCO INTERNATIONAL INC COM 26874Q100 22,448 621,400SH Sole 621,400
FLOWERS INDS INC COM 343496105 22,4171,476,00SH Sole 1,476,000
HANNA M A CO COM 410522106 17,7991,573,38SH Sole 1,573,380
HARCOURT GENERAL INC. COM 41163g101 19,778 530,950SH Sole 530,950
HELIX TECHNOLOGY CORP COM 423319102 11,466 190,900SH Sole 190,900
INFINITY BROADCASTING CORP COM 45662s102 17,367 536,437SH Sole 536,437
IVAX CORP COM 465823102 19,966 732,700SH Sole 732,700
LEGATO SYSTEMS COM 524651106 12,621 282,820SH Sole 282,820
MANOR CARE INC. COM 564055101 18,7831,391,30SH Sole 1,391,300
MCCORMICK & CO-NON VTG SHR COM 579780206 22,204 688,500SH Sole 688,500
NABORS INDUSTRIES INC. COM 629568106 22,391 576,900SH Sole 576,900
NATIONAL SEMICONDUCTOR COM COM 637640103 16,284 268,050SH Sole 268,050
OUTBACK STEAKHOUSE INC COM 689899102 22,251 694,000SH Sole 694,000
PG & E CORP COM 69331c108 16,663 793,500SH Sole 793,500
SEMPRA ENERGY COM 816851109 15,724 938,738SH Sole 938,738
SILICON STORAGE TECHNOLOGY COM 827057100 17,416 235,750SH Sole 235,750
SOUTHWEST AIRLINES COM 844741108 22,5181,081,92SH Sole 1,081,925
STEWART ENTERPRISES COM 860370105 3,950 800,000SH Sole 800,000
SUMMIT BANCORP COM 866005101 19,378 738,200SH Sole 738,200
TERADYNE INC COM 880770102 18,093 220,650SH Sole 220,650
TEXAS INDUSTRIES INC. COM 882491103 16,744 529,450SH Sole 529,450
TEXAS UTILS CO COM 82848104 17,286 582,250SH Sole 82,250
UNOCAL CORP COM 915289102 6,081 204,400SH Sole 204,400
WEATHERFORD INTERNATIONAL COM 947074100 5,959 101,860SH Sole 101,860
WEYERHAEUSER CO. COM 962166104 19,685 345,350SH Sole 345,350
WILLIAMS COS INC. COM 969457100 22,724 517,200SH Sole 517,200
WORLD ACCESS INC. COM 98141a101 5,749 300,600SH Sole 300,600
ZIONS BANCORPORATION COM 989701107 19,210 461,500SH Sole 461,500
</TABLE>
