This paper reports the first scientific results from the Solar Wind Electron Proton Alpha Monitor (SWEPAM) instrument on board the Advanced Composition Explorer (ACE) spacecraft. We analyzed a coronal mass ejection (CME) observed in the solar wind using data from early February, 1998. This event displayed several of the common signatures of CMEs, such as counterstreaming halo electrons and depressed ion and electron temperatures, as well as some unusual features. During a portion of the CME traversal, SWEPAM measured a very large helium to proton abundance ratio. Other heavy ions, with a set of ionization states consistent with normal (1--2¿106 K) coronal temperatures, were proportionately enhanced at this time. These observations suggest a source for at least some of the CME material, where heavy ions are initially concentrated relative to hydrogen and then accelerated up into the solar wind, independent of their mass and first ionization potential. ¿ 1998 American Geophysical Union