Corrections Corp. of America, a Nashville-based company that was founded in 1983, says it is the largest company in the prison-management business.

The CCA currently has contracts to manage the following facilities, none of which are maximum security for long-term offenders:

*Houston Processing Center. Designed, constructed and operated by CCA for the U.S. Department of Immigration and Naturalization. It accommodates 350 undocumented aliens.

It also includes a 50-bed unit operated by CCA for the Federal Bureau of Prisons.

*Laredo, Tex., Processing Center. Designed, constructed and managed by CCA for the U.S. Department of Immigration and Naturalization. It accommodates about 200 undocumented aliens.

*Tall Trees. Juvenile facility in Memphis managed by CCA for the Juvenile Court of Memphis and Shelby County. It is a nonsecure, community-based residential alternative to placing youths in the state institutional system.

*Shelby Training Center. Juvenile Court of Memphis and Shelby County has awarded CCA a contract to design, build and manage a 150-bed secure-treatment facility for juvenile offenders adjacent to CCA's Tall Trees Memphis facility.

*Silverdale. Managed by CCA for Hamilton County in Chattanooga, Tenn. It is a 100-bed female and 250-bed male county penal farm for people sentenced for misdemeanors and felonies for up to six years.

*Fayetteville Community Treatment Center. It is owned and managed by CCA in Fayetteville, N.C., for the Federal Bureau of Prisons for prerelease, alternative sentencing and driving-under-the-influence programming.

*Bay County Jail. On Oct. 1, CCA will assume management of the existing 196-bed jail and will design, construct and manage a county work camp and jail annex with a capacity of 150 beds under contract with Bay County, Fla., to operate the jail in Panama City, Fla., and the work camp near Panama City.