<PAGE> 1
As Filed Pursuant to Rule 424(b)(5)
Registration Nos. 333-33736;
333-33736-01
PROSPECTUS SUPPLEMENT TO THE PROSPECTUS DATED JUNE 27, 2000
OF
CALPINE CORPORATION
RELATING TO
RESALES BY SELLING SHAREHOLDERS
OF
5 1/2% CONVERTIBLE PREFERRED SECURITIES
REMARKETABLE TERM INCOME DEFERRABLE EQUITY SECURITIES
(HIGH TIDES(SM))
The prospectus dated June 27, 2000 relating to resales by selling
shareholders of 5 1/2% Convertible Preferred Securities, Remarketable Term
Income Deferrable Equity Securities (HIGH TIDES(SM)), is hereby supplemented by
amending the "Selling Holders" section on pages 23-25 thereof, by inserting the
following as new selling holders in the appropriate alphabetical location.
<TABLE>
<CAPTION>
NUMBER
OF
HIGH
SELLING HOLDER TIDES
-------------- ------
<S> <C>
Goldman Sachs & Company..................................... 20
Granville Capital Corporation............................... 70,000
Morgan Stanley Dean Witter Convertible Securities Trust..... 35,000
Spear, Leeds & Kellogg...................................... 20,000
Susquehanna Capital Group................................... 25,000
</TABLE>
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Prospectus Supplement dated August 2, 2000
