ICM ASSET MANAGEMENT INC/WA
13F-HR, 2000-05-09
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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:		ICM Asset Management, Inc.
Address:	W. 601 Main Avenue, Suite 600
		Spokane WA 99201

Form 13F File Number:	28-03766

The institutional investment manager filing this report and the person
by whom it is signed hereby represent 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:		Robert J. Law
Title:	Sr. Vice President
Phone:	(509) 455-3588)

Signature, Place and Date of Signing:

Robert J. Law		Spokane, WA		05-04-00
[Signature]		[City, State]		[Date]

Report Type (Check only one.):

_X__	13F HOLDINGS REPORT.  (Check here if all holdings of this
	reporting manager are reported in this report.)

___	13F NOTICE.  (Check here if no holdings reported are in this
	report, and all holdings are reported by other reporting manager(s).)

___	13F COMBINATION REPORT.  (Check here if a portion of the holdings for
	this reporting manager are reported in this report and a portion are
	reported by other reporting manager(s).)


	Form 13F File Number		Name
	29-03766          		ICM Asset Management, Inc.
	[Repeat as necessary.]
<PAGE>
 					Form 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:		0

Form 13F Information Table Entry Total:	179

Form 13F Information Table Value Total:	1,297,356


List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is
filed, other than the manager filing this report.

[If there are no entries in this list, state "NONE" and omit the column
headings and list entries.]   None

	[Repeat as necessary.]
<PAGE>
<TABLE>

                                                   ICM Asset Management, Inc.
                                                              FORM 13F
                                                           March 31, 2000

                                                                                                              Voting Authority
                                                                                                         --------------------------
                                                           Value   Shares/  Sh/ Put/ Invstmt    Other
        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>
O'Sullivan Ind 12% Pfd         pfd              67104Q205      178   318100 SH       Sole                   158500            159600
A T&T Corp                     com              001957109     2735    48576 SH       Sole                    48426               150
ABC-NACO Inc                   com              000752105    11576  1323005 SH       Sole                   725055            597950
Abaxis Inc                     com              002567105      690    82400 SH       Sole                    82400
Abbott Laboratories            com              002824100     3877   110172 SH       Sole                   104872              5300
Adac Laboratories              com              005313200    21917  1594000 SH       Sole                   937550            656450
Air Products & Chemicals       com              009158106     1915    67350 SH       Sole                    64350              3000
Albertsons Inc                 com              013104104     3273   106008 SH       Sole                   100408              5600
Alpha Microsystems             com              020903100      289    50000 SH       Sole                    50000
American Express               com              025816109      406     2725 SH       Sole                     2525               200
American Hm Prod Co            com              026609107      444     8267 SH       Sole                     8267
American Intl Group Inc        com              026874107     7338    67017 SH       Sole                    61637              5380
Analogy Inc                    com              032659104       79    32500 SH       Sole                    32500
Angelica                       com              034663104      690    69400 SH       Sole                    69400
Anheuser Busch Cos Inc         com              035229103     2032    32650 SH       Sole                    32650
Atlantic Richfield             com              048825103     3285    38650 SH       Sole                    34550              4100
Aura Systems Inc               com              051526101     4658 12258990 SH       Sole                 11266990            992000
Auto Data Processing           com              053015103     2678    55500 SH       Sole                    55300               200
Avista Corp                    com              05379B107      284     6973 SH       Sole                     6973
Avnet Inc                      com              053807103     1432    22725 SH       Sole                    22625               100
BP Amoco Plc ADR               com              055622104     1847    34678 SH       Sole                    34678
Bank of America Corp           com              060505104     2942    56096 SH       Sole                    51033              5063
Baxter Int'l Inc               com              071813109      276     4400 SH       Sole                     4400
Bedford Property Investors     com              076446301    16348  1017767 SH       Sole                   621867            395900
Bergen Brunswig                com              083739102     2820   417833 SH       Sole                   362883             54950
Beverly Enterprises            com              087851309    20955  5682653 SH       Sole                  3392878           2289775
Bristol Myers                  com              110122108      847    14600 SH       Sole                    10800              3800
Building Material Hldg Corp    com              120113105    11851  1307700 SH       Sole                   626100            681600
Burlington Resources           com              122014103     2412    65198 SH       Sole                    64098              1100
Cabot Corp                     com              127055101    39628  1299293 SH       Sole                   767093            532200
Cabot Oil & Gas Corp Cl A      com              127097103    20332  1125650 SH       Sole                   656600            469050
Calgon Carbon Corp             com              129603106    24827  3783238 SH       Sole                  2195238           1588000
California Culinary Academy In com              129905105       77    15000 SH       Sole                    15000
Casey's General Stores Inc     com              147528103    26187  2408030 SH       Sole                  1424830            983200
Casino Data Systems            com              147583108      601   117300 SH       Sole                   117300
Catalina Lighting Inc          com              148864108       95    20000 SH       Sole                    20000
Centennial Healthcare Corp     com              150937100       78    15000 SH       Sole                    15000
Charming Shoppes               com              161133103    35424  6228421 SH       Sole                  3750671           2477750
Chevron Corp                   com              166751107      455     4917 SH       Sole                     4917
Cisco Systems                  com              17275R102     6071    78520 SH       Sole                    72720              5800
Coca Cola Co                   com              191216100      318     6771 SH       Sole                     5621              1150
Colgate-Palmolive              com              194162103     1457    25850 SH       Sole                    19450              6400
Computer Sciences Corp         com              205363104     2421    30600 SH       Sole                    27500              3100
Corning Inc                    com              219350105      931     4800 SH       Sole                     3400              1400
Crescent Real Estate Equities  com              225756105     5391   308055 SH       Sole                   179955            128100
Crown Crafts Inc               com              228309100      122    92900 SH       Sole                    92900
Detour Magazine Inc            com              250672102     1799  3202000 SH       Sole                  3202000
Duke Power                     com              264399106     1780    33900 SH       Sole                    33700               200
EOG Resources Inc              com              26875P101    15463   729800 SH       Sole                   381200            348600
Electronic Data Systems        com              285661104     2017    31425 SH       Sole                    31425
Eli Lilly & Co                 com              532457108     1223    19527 SH       Sole                    16027              3500
Elite Logistics                com              28660B107      453   125000 SH       Sole                   125000
Emagin                         com              29076N107      208    10000 SH       Sole                    10000
Emerson Elec                   com              291011104     3820    71900 SH       Sole                    69650              2250
Engelhard Corp                 com              292845104    34929  2309370 SH       Sole                  1338520            970850
Exxon Mobil Corp               com              30231G102      953    12230 SH       Sole                    11454               776
Federal Nat'l Mtge             com              313586109     4603    81375 SH       Sole                    74975              6400
First Industrial Rlty-REIT     com              32054K103     6926   254150 SH       Sole                    99600            154550
First Security Corp            com              336294103      216    17996 SH       Sole                    17434               562
Flow Int'l Inc                 com              343468104    16664  1418200 SH       Sole                   729900            688300
Forest Oil Corp                com              346091606    16682  1570025 SH       Sole                   964025            606000
Fusion Networks Holdings Inc   com              449391309      309    34800 SH       Sole                    34800
GTE Corp                       com              362320103     3515    49506 SH       Sole                    45458              4048
Gannett Co                     com              364730101     4409    62650 SH       Sole                    58000              4650
Gart Sports Company            com              366630101      264    42200 SH       Sole                    42200
General Electric               com              369604103     3239    20816 SH       Sole                    19586              1230
Goodrich (B.F.) Co             com              382388106     1619    56450 SH       Sole                    55750               700
Grey Wolf Inc                  com              397888108      694   176200 SH       Sole                    78150             98050
HS Resources Inc               com              404297103    19019   900321 SH       Sole                   486993            413328
Halliburton Co                 com              406216101     2784    67700 SH       Sole                    63600              4100
Harman International           com              413086109     5972    99527 SH       Sole                    87427             12100
Hewlett-Packard                com              428236103     4029    30320 SH       Sole                    28220              2100
Hologic Inc                    com              436440101     4326   545050 SH       Sole                   440250            104800
IL Tool Works Inc              com              452308109      646    11700 SH       Sole                    10800               900
IRI Int'l Corp                 com              45004F107    14815  1569750 SH       Sole                   884950            684800
Imagematrix Corp               com              451921100        4    20170 SH       Sole                    20170
Ingram Micro Inc Cl A          com              457153104      863    56100 SH       Sole                    55250               850
Input/Output Inc               com              457652105     3159   515681 SH       Sole                   432456             83225
Insight Health Services Corp   com              45766Q101      352    42000 SH       Sole                    42000
Int'l Rectifier Corp           com              460254105    18028   472856 SH       Sole                   303831            169025
Intel Corp                     com              458140100     8260    62602 SH       Sole                    57102              5500
Interdent Inc                  com              45865R109     3844   750086 SH       Sole                   750086
Interface Inc                  com              458665106    16422  3864074 SH       Sole                  2252174           1611900
Itron Inc                      com              465741106      205    29500 SH       Sole                    29500
John H Harland Co              com              412693103    13325   987042 SH       Sole                   549667            437375
Johnson & Johnson              com              478160104     4319    61485 SH       Sole                    60335              1150
K2 Inc                         com              482732104    14877  1874323 SH       Sole                  1145323            729000
Keycorp                        com              493267108      244    12820 SH       Sole                    12820
Keystone Automotive Inds Inc   com              49338N109      458    78000 SH       Sole                    78000
LabOne Inc New                 com              50540L105     1942   293125 SH       Sole                   187100            106025
Lechters Inc                   com              523238103     2139  1316350 SH       Sole                   953950            362400
Lion Inc                       com              53620L102       42    50000 SH       Sole                    50000
Louisiana Pacific Corp         com              546347105     9477   683050 SH       Sole                   480050            203000
Lucent Technologies Inc        com              549463107     3163    51633 SH       Sole                    50339              1294
MN Mining & Mfg                com              604059105     2241    25300 SH       Sole                    25250                50
Magnetek Inc.                  com              559424106    19119  2124322 SH       Sole                  1221972            902350
Mandalay Resort Group          com              562567107    24758  1467150 SH       Sole                   834800            632350
Manor Care Inc                 com              564055101    25574  1894400 SH       Sole                  1065100            829300
Marine Drilling Co Inc         com              568240204    16100   586800 SH       Sole                   293400            293400
Material Sciences Corp         com              576674105     6930   513300 SH       Sole                   300300            213000
McDermott Int'l Inc            com              580037109    13170  1433444 SH       Sole                   864244            569200
McDonalds Corp                 com              580135101     4270   114250 SH       Sole                   107050              7200
Mediaone Group Inc             com              58440J104     3746    46250 SH       Sole                    41000              5250
Medtronic Inc                  com              585055106     5298   102998 SH       Sole                    96598              6400
Merck & Co                     com              589331107     3612    58140 SH       Sole                    54440              3700
Michaels Stores                com              594087108    30484   748078 SH       Sole                   456628            291450
Microsoft                      com              594918104      533     5021 SH       Sole                     5021
Milacron Inc                   com              598709103    29930  2073050 SH       Sole                  1243000            830050
Mission West Properties        com              605203108      421    49200 SH       Sole                    24800             24400
Molex Inc                      com              608554101      934    15903 SH       Sole                    12935              2968
Morrison Knudsen Corp          com              61844A109    15249  2067650 SH       Sole                  1255450            812200
Motorola Inc                   com              620076109     1825    12500 SH       Sole                    10350              2150
Nabors Industries Inc          com              629568106    17975   463120 SH       Sole                   266590            196530
Netivation.Com Inc             com              64115R108      544    88800 SH       Sole                    88800
Nicor Inc                      com              654086107     1341    40700 SH       Sole                    38700              2000
Nisource Inc                   com              65473P105     1545    91555 SH       Sole                    84555              7000
Noble Affiliates Inc           com              654894104     2776    84600 SH       Sole                    80600              4000
Nordstrom Inc                  com              655664100     1954    66250 SH       Sole                    60950              5300
OEA Inc                        com              670826106       96    10000 SH       Sole                    10000
Officemax Inc                  com              67622M108     5080   781600 SH       Sole                   666450            115150
OmniCare Inc                   com              681904108    23175  1921250 SH       Sole                  1119500            801750
Oracle Corp                    com              68389X105     9215   118048 SH       Sole                   108378              9670
Outback Steakhouse Inc         com              689899102    19558   610000 SH       Sole                   325450            284550
Pactiv Corporation             com              695257105    24722  2845650 SH       Sole                  1664700           1180950
Pennzoil Co                    com              709323109    22582  2163573 SH       Sole                  1335136            828436
Pepsico                        com              713448108     2173    62294 SH       Sole                    54694              7600
Petco Animal Supplies Inc      com              716016100    26007  2190060 SH       Sole                  1270410            919650
Pfizer Inc                     com              717081103      208     5700 SH       Sole                     5700
Precision Castparts            com              740189105    33403   915150 SH       Sole                   551900            363250
Proctor & Gamble Co            com              742718109     3848    68100 SH       Sole                    63900              4200
Qualcomm Inc                   com              747525103      478     3200 SH       Sole                     3200
R & B Falcon Corp              com              74912E101     5970   303250 SH       Sole                   261700             41550
RTI Int'l Metals               com              74973W107    19343  2194936 SH       Sole                  1273036            921900
Recoton Corp                   com              756268108      850    72000 SH       Sole                    72000
Regis Corp                     com              758932107    21815  1472750 SH       Sole                   873950            598800
Rollins Truck Leasing Corp     com              775741101    13318  1578387 SH       Sole                   860062            718325
SVI Holdings Inc               com              784872103     2547   257900 SH       Sole                   257900
Sara Lee Corp                  com              803111103     1886   104800 SH       Sole                    98000              6800
Schlumberger ltd               com              806857108     3928    51350 SH       Sole                    48450              2900
Semiconductor Laser Intl Crp   com              816638100       69    55000 SH       Sole                    55000
Sepragen Corp- Class A         com              817316102      992   666665 SH       Sole                   666665
Shurgard Storage Ctr-REIT      com              82567D104    18054   691050 SH       Sole                   363900            327150
Softnet Systems                com              833964109     3947   134950 SH       Sole                    69650             65300
Soligen Technologies Inc.      com              83423G109     1086  2102586 SH       Sole                  2102586
Sonosite Inc                   com              83568G104     7923   238271 SH       Sole                   157568             80703
St Jude Medical Inc            com              790849103     5273   204275 SH       Sole                   180725             23550
Steris Corp                    com              859152100    13854  1351600 SH       Sole                   883900            467700
Sunrise Medical Inc            com              867910101    16306  2608901 SH       Sole                  1630851            978050
Superior Energy Services Inc   com              868157108     8021   822700 SH       Sole                   314450            508250
Swissray Intl Inc              com              871016200      287    85000 SH       Sole                    85000
Systems & Computer Tech Corp   com              871873105    12106   517900 SH       Sole                   318850            199050
Telxon Corp                    com              879700102    19193  1092850 SH       Sole                   511150            581700
Tenet Healthcare Corp          com              88033G100     4076   175300 SH       Sole                   168050              7250
Terex Corp                     com              880779103    17640  1227150 SH       Sole                   705050            522100
Tetra Technologies Inc         com              88162F105      483    36100 SH       Sole                    36100
Texaco Inc                     com              881694103     3390    63070 SH       Sole                    58570              4500
Titanium Metals Corp           com              888339108     8624  1971188 SH       Sole                  1162488            808700
Toys 'R' Us                    com              892335100    20113  1357837 SH       Sole                   680387            677450
Transocean Sedco Forex Inc     com              893817106      216     4211 SH       Sole                     3651               560
Tyco International Ltd         com              902120106     1304    26012 SH       Sole                    23712              2300
U.S. Wireless Corporation      com              90339C106     1297    41850 SH       Sole                    41850
US Bancorp                     com              902973106      300    13728 SH       Sole                    13065               663
US Oncology Inc                com              90338W103      989   219854 SH       Sole                   138281             81573
UST Inc                        com              902911106     1333    85300 SH       Sole                    85100               200
Universal Forest Products      com              913543104     1432   115700 SH       Sole                    33250             82450
Veterinary Centers of America  com              925514101    23582  1715055 SH       Sole                   979155            735900
Vishay Intertechnology         com              928298108    17204   309283 SH       Sole                   182624            126659
Wal-Mart Stores Inc            com              931142103     1158    20487 SH       Sole                    20487
Washington Mutual Inc          com              939322103     1793    67665 SH       Sole                    67465               200
Weatherford Int'l              com              947074100    16805   287273 SH       Sole                   132859            154414
Williams Co                    com              969457100      498    11327 SH       Sole                    11327
Windemere-Durable Hldgs        com              973411101    27244  1847058 SH       Sole                  1045208            801850
Xerox Corp                     com              984121103     1011    38900 SH       Sole                    38800               100
York Research Corp             com              987048105      232   137450 SH       Sole                   137450

</TABLE>


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