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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000935836-04-000090.txt : 20040219
<SEC-HEADER>0000935836-04-000090.hdr.sgml : 20040219
<ACCEPTANCE-DATETIME>20040219133741
ACCESSION NUMBER:		0000935836-04-000090
CONFORMED SUBMISSION TYPE:	13F-HR/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031231
FILED AS OF DATE:		20040219
EFFECTIVENESS DATE:		20040219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHURCHILL MANAGEMENT GROUP /CA/
		CENTRAL INDEX KEY:			0001094749
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-05029
		FILM NUMBER:		04615515

	BUSINESS ADDRESS:	
		STREET 1:		5900 WILSHIRE BLVD
		STREET 2:		STE 600
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90036
		BUSINESS PHONE:		3239377110

	MAIL ADDRESS:	
		STREET 1:		5900 WILSHIRE BLVD
		STREET 2:		STE 600
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90036
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR/A
<SEQUENCE>1
<FILENAME>churchill13f.txt
<TEXT>
							UNITED STATES
				SECURITIES AND EXCHANGE COMMISSION
					Washington, D.C.  20549
						   FORM 13F
					FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:	December 31, 2003

Check here if Amendment:	___; Amendment Number:	1
  This Amendment (Check only one.)  XX is a restatement.
							 ___  adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:	Churchill Management Corporation
Address:	5900 Wilshire Blvd., Suite 600
		Los Angeles, CA  90036

Form 13F File Number:	28-05029

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:	Eileen Holmes
Title:	Senior Vice President
Phone:	323-937-7110

Signature, Place and Date of Signing:
Eileen Holmes					Los Angeles, CA		February 17, 2004
		[Signature]				[City, State]		[Date]

Report Type (Check only one.):

XX	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).)
<Page>

					Form 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:			0

Form 13F Information Table Entry Total:		97

Form 13F Information Table Value Total:		$719,157 (X1000)


List of Other Included Managers:

NONE
<Page

<Table>

NAME OF ISSUER			TITLE OF		CUSIP		VALUE		SHARES		   INV.	OTHER		AUTH
					CLASS					X1000					   DISC	MGR		SOLE
		<C>					<C>

3M COMPANY (formerly MINN MNG  COM              88579Y101      474      5575.07 SH       SOLE                  5575.07
ADVANCED NEUROMOD SYS COM      COM              00757T101     1215    264238.00 SH       SOLE                264238.00
ADVANCEPCS COM                 COM              00790K109    10380    197106.00 SH       SOLE                197106.00
ALCON INC COM SHS              COM              H01301102    24187    399513.67 SH       SOLE                399513.67
ALLIANCE DATA SYS CORP COM     COM              018581108      848     30621.00 SH       SOLE                 30621.00
AMAZON COM INC COM             COM              023135106    63509   1206485.00 SH       SOLE               1206485.00
AMGEN INC COM                  COM              031162100    17113    276906.00 SH       SOLE                276906.00
AMSURG CORP CL A               COM              03232P405     5496    145045.00 SH       SOLE                145045.00
ANTEON INTL CORP COM           COM              03674E108     1812     50275.00 SH       SOLE                 50275.00
APOLLO GROUP INC CL A          COM              037604105    10038    147614.00 SH       SOLE                147614.00
APOLLO GROUP INC COM UNV PHOEN COM              037604204    13481    195570.00 SH       SOLE                195570.00
BANK AMER CORP COM             COM              060505104      258      3211.17 SH       SOLE                  3211.17
BED BATH & BEYOND INC COM      COM              075896100    21847    503963.00 SH       SOLE                503963.00
BERKSHIRE HATHAWAY INC CL B    COM              084670207      529       188.00 SH       SOLE                   188.00
BIFS TECHNOLOGIES CORP COM     COM              05547A106        0     11000.00 SH       SOLE                 11000.00
BIG 5 SPORTING GOODS COM       COM              08915P101     1324     63200.00 SH       SOLE                 63200.00
BIOMET INC COM                 COM              090613100    13516    371216.28 SH       SOLE                371216.28
BOSTON SCIENTIFIC CORP COM     COM              101137107     6261    170308.00 SH       SOLE                170308.00
CASH AMER INTL INC COM         COM              14754D100     1963     92675.00 SH       SOLE                 92675.00
CAVCO INDS INC DEL COM         COM              149568107      211      8805.00 SH       SOLE                  8805.00
CENTEX CORP COM                COM              152312104    21017    195231.86 SH       SOLE                195231.86
CHICAGO BRIDGE & IRON N Y REGI COM              167250109     4751    164380.00 SH       SOLE                164380.00
CISCO SYS INC COM              COM              17275R102     2321     95572.00 SH       SOLE                 95572.00
CITIGROUP INC COM              COM              172967101      446      9183.67 SH       SOLE                  9183.67
COACH INC COM                  COM              189754104     6590    174582.00 SH       SOLE                174582.00
COLUMBIA BKG SYS INC COM       COM              197236102      210      9693.00 SH       SOLE                  9693.00
COUNTRYWIDE FINANCIAL COM      COM              222372104    16018    211182.91 SH       SOLE                211182.91
D R HORTON INC COM             COM              23331A109     8271    191196.38 SH       SOLE                191196.38
DELL, INC                      COM              24702R101    18685    550209.00 SH       SOLE                550209.00
DICKS SPORTING GOODS COM       COM              253393102     3879     79710.00 SH       SOLE                 79710.00
E M C CORP MASS COM            COM              268648102      182     14049.00 SH       SOLE                 14049.00
EBAY INC COM                   COM              278642103    72218   1118093.00 SH       SOLE               1118093.00
ENDEVCO INC COM                COM              29259F103        0     20000.00 SH       SOLE                 20000.00
EPROMOS COM INC RESTRICTED     COM              8324197          0     10000.00 SH       SOLE                 10000.00
EXXON MOBIL CORP COM           COM              30231G102      755     18419.00 SH       SOLE                 18419.00
FINISH LINE CL A               COM              317923100      619     20650.00 SH       SOLE                 20650.00
FORD MOTOR COMPANY             COM              345370860      352     22002.39 SH       SOLE                 22002.39
FREDS INC CL A                 COM              356108100     2588     83525.47 SH       SOLE                 83525.47
GALAXY OIL CO COM              COM              363180100        0    107000.00 SH       SOLE                107000.00
GENERAL ELEC CO COM            COM              369604103      689     22225.81 SH       SOLE                 22225.81
GOLDEN WEST FINL DEL COM       COM              381317106      338      3276.00 SH       SOLE                  3276.00
HESKA CORP COM                 COM              42805E108      454    197524.00 SH       SOLE                197524.00
HEWLETT PACKARD CO COM         COM              428236103      222      9662.56 SH       SOLE                  9662.56
ICON PUB LTD CO SPONSORED ADR  COM              45103T107     1466     33625.00 SH       SOLE                 33625.00
INTEL CORP COM                 COM              458140100     2070     64296.88 SH       SOLE                 64296.88
INTERNATIONAL GAME TEC COM     COM              459902102    30696    859823.67 SH       SOLE                859823.67
INTERNET HOLDRS TR DEPOSIT RCP COM              46059W102     7483    149100.00 SH       SOLE                149100.00
ISHARES TR RUSSELL MCP VL      COM              464287473      884      9475.00 SH       SOLE                  9475.00
ITT EDUCATIONAL SVCS COM       COM              45068B109     7936    168950.00 SH       SOLE                168950.00
JOHNSON & JOHNSON COM          COM              478160104      566     10964.00 SH       SOLE                 10964.00
KB HOME COM                    COM              48666K109     9039    124645.21 SH       SOLE                124645.21
KVH INDS INC COM               COM              482738101      454     16525.00 SH       SOLE                 16525.00
KYPHON INC                     COM              501577100      796     32075.00 SH       SOLE                 32075.00
LEGG MASON INC COM             COM              524901105      202      2615.00 SH       SOLE                  2615.00
LENNAR CORP COM                COM              526057104     6892     71794.30 SH       SOLE                 71794.30
LOWES COS INC COM              COM              548661107    36276    654919.13 SH       SOLE                654919.13
LUCENT TECHNOLOGIES COM        COM              549463107       47     16682.60 SH       SOLE                 16682.60
MAGMA DESIGN AUTO COM          COM              559181102     2074     88850.00 SH       SOLE                 88850.00
MALAGA FINL CORP COM           COM              561046103      399     37086.00 SH       SOLE                 37086.00
MERRILL LYNCH & CO INC COM     COM              590188108      231      3933.72 SH       SOLE                  3933.72
MICROSOFT CORP COM             COM              594918104      538     19551.23 SH       SOLE                 19551.23
MORGAN J P & CO INC COM        COM              46625H100      367     10002.46 SH       SOLE                 10002.46
MORGAN STAN DEAN WITTR         COM              617446448      241      4170.24 SH       SOLE                  4170.24
MUNIYIELD CALIF INS FD COM     COM              62629L104      266     19046.00 SH       SOLE                 19046.00
NASDAQ 100 TR UNIT SER 1       COM              631100104      639     17522.07 SH       SOLE                 17522.07
NATIONAL SEMICONDUCTOR COM     COM              637640103      246      6250.00 SH       SOLE                  6250.00
NEW YORK CMNTY BANCORP COM     COM              649445103     2382     62601.07 SH       SOLE                 62601.07
NEXTEL COMMUNICATIONS CL A     COM              65332V103     1527     54403.00 SH       SOLE                 54403.00
NEXTWAVE TELECOM INC CL B      COM              65332M103      268     83667.00 SH       SOLE                 83667.00
OCCAM NETWORKS INC COM         COM              67457P101        9     88586.00 SH       SOLE                 88586.00
OMNICARE INC COM               COM              681904108    11977    296542.18 SH       SOLE                296542.18
PEETS COFFEE & TEA INC COM     COM              705560100     4287    246262.00 SH       SOLE                246262.00
PEGUSUS GOLD INC. (Bankrupt)   COM              70556K106        0     10500.00 SH       SOLE                 10500.00
PF CHANGS CHINA BISTRO COM     COM              69333Y108    21810    428661.00 SH       SOLE                428661.00
QUALCOMM INC COM               COM              747525103     1198     22210.75 SH       SOLE                 22210.75
RITE AID CORP COM              COM              767754104       80     13180.00 SH       SOLE                 13180.00
SELECT MEDICAL CORP COM        COM              816196109     752     462005.42 SH       SOLE                462005.42
SINA CORP ORD                  COM              G81477104     1661     49220.00 SH       SOLE                 49220.00
SRA INTL INC CL A              COM              78464R105     4588    106450.00 SH       SOLE                106450.00
STARBUCKS CORP COM             COM              855244109    21629    654226.00 SH       SOLE                654226.00
STERICYCLE INC COM             COM              858912108    22078    472762.00 SH       SOLE                472762.00
STRAYER ED INC COM             COM              863236105     2389     21955.00 SH       SOLE                 21955.00
STRUTHERS INC COM NEW          COM              863582201        0     20000.00 SH       SOLE                 20000.00
SUNRISE TECH INTL INC COM      COM              86769L103        0     15000.00 SH       SOLE                 15000.00
TARO PHARMACEUT INDS ORD       COM              M8737E108    30768    477029.00 SH       SOLE                477029.00
TEVA PHARMACEUTCL INDS ADR     COM              881624209    34903    615468.00 SH       SOLE                615468.00
TEXAS INSTRS INC COM           COM              882508104      216      7347.00 SH       SOLE                  7347.00
TIFFANY & CO NEW COM           COM              886547108    13627    301492.00 SH       SOLE                301492.00
UCBH HOLDINGS INC COM          COM              90262T308     4697    120522.33 SH       SOLE                120522.33
UNITED TECHNOLOGIES CP COM     COM              913017109      322      3393.00 SH       SOLE                  3393.00
VARIAN MED SYS INC COM         COM              92220P105    11618    168126.00 SH       SOLE                168126.00
VERIZON COMMUNICATIONS COM     COM              92343V104      213      6071.00 SH       SOLE                  6071.00
VIACOM INC CL B                COM              925524308      355      7992.00 SH       SOLE                  7992.00
VISTACARE INC CL A             COM              92839Y109     2945     83798.00 SH       SOLE                 83798.00
WORLDCOM INC WORLDCOM GROUP    COM              98157D106        0     22198.00 SH       SOLE                 22198.00
Wright Medical Group Inc       COM              98235T107     3080    101175.00 SH       SOLE                101175.00
YAHOO INC COM                  COM              984332106    37200    823559.00 SH       SOLE                823559.00
</Table>
SM\4058\002\1258613.01



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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