The Cosmic Ray Energetics And Mass (CREAM) instrument is a balloon-borne experiment designed to measure the composition and energy spectra of cosmic rays of charge Z = 1 to 26 up to an energy of ~ 10^15 eV. CREAM had two successful flights on long-duration balloons (LDB) launched from McMurdo Station, Antarctica, in December 2004 (CREAM-I) and December 2005. CREAM-I achieves a substantial measurement redundancy by employing multiple detector systems, namely a Timing Charge Detector and a Silicon Charge Detector (SCD) for particle identification, and a Transition Radiation Detector and a sampling tungsten/scintillating-fiber ionization calorimeter (CAL) for energy measurement. In this paper, spectra of various elements measured with SCD/CAL during the first 42-day flight are presented, along with spectral shapes and relative abundances.