UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 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 August 11, 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.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 67
Form 13F Information Table Value Total: $232,166
List of Other Included Managers:
NONE
<PAGE>
<TABLE>
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 013817101 5436 187460.00SH SOLE 94870.00 92590.00
ALLTEL CORP. COM 020039103 235 3800.00 SH SOLE 1400.00 2400.00
AMERICA ONLINE COM 02364j104 6089 115570.00SH SOLE 64380.00 51190.00
AMERICAN EXPRESS COM 025816109 6705 128635.00SH SOLE 66535.00 62100.00
AMERICAN GENERAL COM 026351106 201 3300.00 SH SOLE 700.00 2600.00
AMERICAN INT'L GROUP COM 026874107 9391 79921.00 SH SOLE 42931.00 36990.00
APPLIED MATERIALS COM 038222105 5887 64955.00 SH SOLE 35756.00 29199.00
AT&T CORP. COM 001957109 3278 103666.00SH SOLE 52883.00 50783.00
AT&T WIRELESS GROUP COM 001957406 5152 184810.00SH SOLE 101360.00 83450.00
ATLANTIC COAST AIR COM 048396105 295 9300.00 SH SOLE 7500.00 1800.00
ATMOS ENERGY COM 049560105 321 18350.00 SH SOLE 3700.00 14650.00
AVERY DENNISON COM 053611109 5990 89240.00 SH SOLE 46505.00 42735.00
BANKAMERICA COM 060505104 261 6066.00 SH SOLE 5678.00 388.00
CATALINA MKTG. COM 148867104 219 2150.00 SH SOLE 1800.00 350.00
CATALYTICA INC. COM 148885106 148 13500.00 SH SOLE 13500.00
CHEVRON CORP. COM 166751107 433 5100.00 SH SOLE 5100.00
CISCO SYSTEMS COM 17275R102 10787 169714.00SH SOLE 94430.00 75284.00
CRESCENT R. E. COM 225756105 584 28500.00 SH SOLE 26050.00 2450.00
DELL COMPUTER COM 247025109 5820 118022.00SH SOLE 69242.00 48780.00
EMC CORP. COM 268648102 5741 74620.00 SH SOLE 39670.00 34950.00
EMPIRE DISTRICT ELECTRIC CO. COM 291641108 413 18700.00 SH SOLE 13700.00 5000.00
ENNIS BUS. FORMS COM 293389102 86 10800.00 SH SOLE 10800.00
ENRON CORP. COM 293561106 4014 62235.00 SH SOLE 33230.00 29005.00
EXXON MOBIL COM 30231G102 7330 93372.00 SH SOLE 52399.00 40973.00
GABLES RES.TRUST COM 362418105 360 14000.00 SH SOLE 12800.00 1200.00
GATX CORP. COM 361448103 333 9800.00 SH SOLE 1400.00 8400.00
GENERAL ELECTRIC COM 369604103 9577 180705.00SH SOLE 101230.00 79475.00
HAGGAR CORP. COM 405173105 126 10700.00 SH SOLE 10700.00
HOME DEPOT COM 437076102 647 12950.00 SH SOLE 9600.00 3350.00
HSB GROUP INC. COM 40428N109 378 12150.00 SH SOLE 6950.00 5200.00
IBM CORP. COM 459200101 8585 78360.00 SH SOLE 39985.00 38375.00
INT'L PAPER COM 460146103 4452 149335.00SH SOLE 77625.00 71710.00
INTEL CORP. COM 458140100 555 4152.00 SH SOLE 4152.00
JOHNSON & JOHNSON COM 478160104 6894 67675.00 SH SOLE 37337.00 30338.00
KOALA CORP. COM 499866101 314 22200.00 SH SOLE 18600.00 3600.00
KOHL'S CORP. COM 500255104 6030 108409.00SH SOLE 59524.00 48885.00
LINCOLN NAT'L CORP. COM 534187109 298 8250.00 SH SOLE 1450.00 6800.00
LUBY'S CAFETERIAS COM 549282101 206 25800.00 SH SOLE 19800.00 6000.00
MARRIOTT INT'L COM 235 6522.00 SH SOLE 6522.00
MARSH/MCLENNAN COM 571748102 8605 82390.00 SH SOLE 43755.00 38635.00
MEDTRONIC INC. COM 585055106 8640 173450.00SH SOLE 94830.00 78620.00
MELLON FINANCIAL COM 58551A108 4062 111480.00SH SOLE 62000.00 49480.00
MERCK & CO. COM 589331107 364 4752.00 SH SOLE 4752.00
MICROSOFT INC. COM 594918104 5604 70054.00 SH SOLE 36954.00 33100.00
MIDCAP S&P DEP RECPTS COM 595635103 316 3555.00 SH SOLE 2145.00 1410.00
MINNESOTA MINING & MFG. COM 604059105 6049 73320.00 SH SOLE 40580.00 32740.00
MORGAN (J.P.) & CO. COM 616880100 275 2500.00 SH SOLE 2500.00
NASDAQ 100 TRST COM 631100104 270 2900.00 SH SOLE 1210.00 1690.00
NEXTEL COMM. COM 65332V103 4561 74540.00 SH SOLE 40180.00 34360.00
OMNICOM GROUP COM 681919106 6808 76445.00 SH SOLE 38590.00 37855.00
ORACLE CORP. COM 68389X105 9714 115555.00SH SOLE 62465.00 53090.00
PHILLIPS PETR. COM 718507106 601 11850.00 SH SOLE 7850.00 4000.00
PRENTISS PROP. COM 740706106 660 27500.00 SH SOLE 26900.00 600.00
S&P DEP RECPTS COM 78462F103 2438 16783.00 SH SOLE 9908.00 6875.00
SBC COMM. COM 78387G103 269 6223.00 SH SOLE 5763.00 460.00
SCHERING-PLOUGH COM 806605101 6342 125582.00SH SOLE 67385.00 58197.00
SOUTHERN CO. COM 842587107 427 18300.00 SH SOLE 16350.00 1950.00
SOUTHWEST AIR COM 844741108 4594 242569.50SH SOLE 135085.50 107484.00
SPRINT CORP. COM 852061100 5777 113275.00SH SOLE 61310.00 51965.00
SUN MICROSYSTEM COM 866810104 7167 78815.00 SH SOLE 42400.00 36415.00
TEXACO COM 881694103 4796 90060.00 SH SOLE 42315.00 47745.00
TEXAS INSTRUMENTS COM 882508104 9544 138950.00SH SOLE 74700.00 64250.00
THE WILLIAMS CO. COM 969457100 225 5400.00 SH SOLE 5400.00
U.S. WEST COM 912889102 206 2400.00 SH SOLE 400.00 2000.00
UNITED PARCEL-B COM 911312106 4904 83125.00 SH SOLE 44585.00 38540.00
WISCONSIN ENERGY COM 976657106 281 14200.00 SH SOLE 13700.00 500.00
WORLDCOM INC. COM 98157D106 4857 105866.00SH SOLE 57567.00 48299.00
</TABLE>
