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: Hourglass Capital Management, Inc.
Address: 1601 Elm Street, Suite 1750
Dallas, Texas 75201
13F File Number: 28-4856
The institutional investment manager filing this report and the
person by whom it is signed hereby represent tthat 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: Nora L. Phare
Title: Office Manager
Phone: (214) 754-8750 ext. 220
Signature, Place, and Date of Signing:
Nora L. Phare Dallas, Texas May 12, 2000
Report Type (check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 56
Form 13F Information Table Value Total: $124,483
List of Other Included Managers:
NONE
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ALCOA INC. COM 022249106 3666 52180.00 SH SOLE 52180.00
ALLTEL CORP. COM 020039103 152 2400.00 SH SOLE 2400.00
AMERICA ONLINE COM 02364j104 3934 58340.00 SH SOLE 58340.00
AMERICAN EXPRESS COM 025816109 3478 23350.00 SH SOLE 23350.00
AMERICAN INT'L GROUP COM 026874107 4579 41821.00 SH SOLE 41821.00
APPLIED MATERIALS COM 038222105 2418 25654.00 SH SOLE 25654.00
AT&T CORP. COM 001957109 3327 59083.00 SH SOLE 59083.00
ATLANTIC COAST AIR COM 048396105 47 1800.00 SH SOLE 1800.00
ATMOS ENERGY COM 049560105 240 14650.00 SH SOLE 14650.00
AVERY DENNISON COM 053611109 2985 48885.00 SH SOLE 48885.00
BANKAMERICA COM 060505104 20 388.00 SH SOLE 388.00
CATALINA MKTG. COM 148867104 35 350.00 SH SOLE 350.00
CISCO SYSTEMS COM 17275R102 8628111604.00 SH SOLE 111604.00
CRESCENT R. E. COM 225756105 43 2450.00 SH SOLE 2450.00
DELL COMPUTER COM 247025109 2934 54405.00 SH SOLE 54405.00
DST SYSTEMS COM 233326107 2015 31030.00 SH SOLE 31030.00
EMC CORP. COM 268648102 2473 19625.00 SH SOLE 19625.00
EMPIRE DISTRICT ELECTRIC CO. COM 291641108 98 5000.00 SH SOLE 5000.00
EXXON MOBIL COM 30231G102 3479 44633.00 SH SOLE 44633.00
GABLES RES.TRUST COM 362418105 27 1200.00 SH SOLE 1200.00
GATX CORP. COM 361448103 319 8400.00 SH SOLE 8400.00
GENERAL ELECTRIC COM 369604103 4661 29950.00 SH SOLE 29950.00
HOME DEPOT COM 437076102 216 3350.00 SH SOLE 3350.00
HSB GROUP INC. COM 40428N109 150 5200.00 SH SOLE 5200.00
IBM CORP. COM 459200101 5106 43270.00 SH SOLE 43270.00
INT'L PAPER COM 460146103 2910 68070.00 SH SOLE 68070.00
JOHNSON & JOHNSON COM 478160104 2398 34138.00 SH SOLE 34138.00
KOALA CORP. COM 499866101 48 3600.00 SH SOLE 3600.00
KOHL'S CORP. COM 500255104 3680 35900.00 SH SOLE 35900.00
LINCOLN NAT'L CORP. COM 534187109 228 6800.00 SH SOLE 6800.00
LUBY'S CAFETERIAS COM 549282101 57 6000.00 SH SOLE 6000.00
MARSH/MCLENNAN COM 571748102 4918 44585.00 SH SOLE 44585.00
MEDTRONIC INC. COM 585055106 4584 89120.00 SH SOLE 89120.00
MELLON FINANCIAL COM 58551A108 2633 88500.00 SH SOLE 88500.00
MICROSOFT INC. COM 594918104 3963 37300.00 SH SOLE 37300.00
MIDCAP S&P DEP RECPTS COM 595635103 138 1510.00 SH SOLE 1510.00
MINNESOTA MINING & MFG. COM 604059105 3243 36615.00 SH SOLE 36615.00
MORGAN (J.P.) & CO. COM 616880100 329 2500.00 SH SOLE 2500.00
NASDAQ 100 TRST COM 631100104 185 1690.00 SH SOLE 1690.00
NEXTEL COMM. COM 65332V103 2880 19430.00 SH SOLE 19430.00
OMNICOM GROUP COM 681919106 3961 42305.00 SH SOLE 42305.00
ORACLE CORP. COM 68389X105 4699 60190.00 SH SOLE 60190.00
PHILLIPS PETR. COM 718507106 185 4000.00 SH SOLE 4000.00
PRENTISS PROP. COM 740706106 13 600.00 SH SOLE 600.00
S&P DEP RECPTS COM 78462F103 1098 7305.00 SH SOLE 7305.00
SBC COMM. COM 78387G103 19 460.00 SH SOLE 460.00
SCHERING-PLOUGH COM 806605101 2454 66097.00 SH SOLE 66097.00
SOUTHERN CO. COM 842587107 42 1950.00 SH SOLE 1950.00
SOUTHWEST AIR COM 844741108 3743179849.00 SH SOLE 179849.00
SPRINT CORP. COM 852061100 3689 58325.00 SH SOLE 58325.00
SUN MICROSYSTEM COM 866810104 3815 40715.00 SH SOLE 40715.00
TEXACO COM 881694103 2547 47395.00 SH SOLE 47395.00
TEXAS INSTRUMENTS COM 882508104 5807 36295.00 SH SOLE 36295.00
UNITED PARCEL-B COM 911312106 2719 43165.00 SH SOLE 43165.00
WISCONSIN ENERGY COM 976657106 10 500.00 SH SOLE 500.00
WORLDCOM INC. COM 5526B1062 2456 54199.00 SH SOLE 54199.00
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