SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ____________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report: March 22, 1995 CAPITAL ASSOCIATES, INC. (Exact Name of Registrant as Specified in Charter) Delaware 0-15525 (State of Incorporation) (Commission File Number) 84-1055327 (IRS Employer Identification No.) 7175 West Jefferson Avenue, Lakewood, Colorado 80235 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (303) 980-1000 Item 5. Other Events On March 17, 1995, the Registrant issued the press release attached hereto as Exhibit 99, which is incorporated herein by reference. The press release announced that the Federal District Court in Dallas held in the Registrant's favor in the MBank litigation. The press release briefly describes the litigation and the events that gave rise to it. The press release also announced that (1) the Registrant is entitled to recover damages from the cash collateral currently held under the supervision of the court, (2) the court did not fix the amount of the Registrant's damages in its decision, (3) the Registrant is making this calculation, (4) while the final calculation is not yet available, the Registrant estimates that its damages (including interest and attorneys' fees) will exceed $9 million and (5) the Registrant will finalize its damage calculation as quickly as possible and seek payment of such damages immediately thereafter. The press release stated that the Registrant cannot predict when it will receive such payment or whether the FDIC will appeal the court's decision. Item 7. Financial Statements and Exhibits (c) Exhibits 99 Press release issued March 17, 1995 by the Registrant SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CAPITAL ASSOCIATES, INC. Registrant Date: March 22, 1995 By: /s/John E. Christensen _________________________________ John E. Christensen Senior Vice President and Chief Financial Officer EXHIBIT INDEX Item 99 Additional Exhibits