A novel schematic for executing search, write and valid bit clear operations in one cycle in a CAM system that includes a plurality of CAM blocks is disclosed. In one embodiment, the plurality of CAM blocks are organized into at least one rectangular array having rows each having a plurality of CAM blocks, a group of CAM cells and associated read/write bit lines connecting the group of CAM cells to an addressed search circuit. The write operation depends on the output of the search operation, wherein the same data is written in to the CAM when the search operation results in a miss in a given cycle. Further, during the same cycle a valid bit clear operation is also performed. The resulting CAM cell provides a high speed three port operation.