UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
EXODUS COMMUNICATIONS INC
(Name of Issuer)
COMMON STOCK
(Convertible to Common Stock)
(Title of Class of Securities)
302088109
(CUSIP Number)
April 10, 2000
(We are no longer a beneficial owner
of five percent or greater of the class of security
previously noted)
(Date of Event Which Requires Filing of this
Statement)
Check the following box to designate the rule pursuant to which this
Schedule is filed:
Rule 13d-1(b)
X Rule 13d-1(c)- Passive Investors
Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosure provided
in a prior cover page.
The information required in the remainder of this cover page
shall be deemed to be "filed" for the purpose of Section 18 of
the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No.302088109
1. NAME OF REPORTING PERSONS
AIG SOUNDSHORE HOLDINGS LTD
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSONS
98-0191909 (There has been a name change from SoundShore
Holdings Ltd., to AIG SoundShore Holdings Ltd.)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
N/A
(a)
(b)
3. SEC USE ONLY
4. CITIZEN OR PLACE OF ORGANIZATION
CORPORATION ORGANIZED AND EXISTING UNDER THE COMPANIES ACT
OF 1981 OF BERMUDA
Number of Shares Beneficially Owned By Each Reporting Person
With:
5. SOLE VOTING POWER
Less than 5% beneficial ownership
6. SHARED VOTING POWER
N/A
7. SOLE DISPOSITION POWER
Less than 5% beneficial ownership
8. SHARED DISPOSITION POWER
N/A
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
N/A
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
N/A
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.16%
12. TYPE OF REPORTING PERSON*
CO
Item 1: Security and Issuer
1(a) Name of Issuer
EXODUS COMMUNICATIONS INC.
1(b) Address of Issuer's Principal Executive Offices
2831 Mission College Blvd.
Santa Clara, CA 95054
United States
Item 2: Identity and Background
2(a) Name of person Filing
AIG SoundShore Holdings Ltd.
2(b) Address of Principal Business Office or, if none, Residence
29 Richmond Road, Pembroke HM08 Bermuda
2(c) Citizenship/ Corporation organized
A corporation organized and existing under the Companies Act
of 1981 of Bermuda.
2(d) Title of Class of Security
Exodus Communications Inc.
2(e) Cusip Number
302088109
Item 3: If this statement is filed pursuant to Rule 13d-1(b),
or 13d-2(b), the person filing is a:
AIG SoundShore Holdings Ltd., is filing Form 13G as a "Passive
Investor". AIG SoundShore Holdings Ltd. does not seek to
acquire or influence "control" of the issuer and owns less than
10% of the class of securities.
Item 4: Ownership
Provide the following information regarding the aggregate number
and percentage of the class of securities of the issuer identified
in Item 1:
4(a) Amount Beneficially Owned
Less than 5% beneficial ownership
4(b) Percent of Class
.16%
4(c) Number of shares as to which the person has
(i) Sole Power to vote or to direct the vote
Less than 5% beneficial ownership.
ii) Shared power to vote or to direct the vote
NONE
(iii) Sole power to dispose or to direct the disposition of
Less than 5% beneficial ownership
(iv) Shared power to dispose or to direct the disposition of
NONE
Instruction:
For computation regarding securities which represent a right to
acquire an underlying security see Rule 13d-3(d)(1).
Item 5: Ownership of Five Percent or less of a Class
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following
X (No longer a beneficial owner of more than five percent of
the class of securities.)
Instruction: Dissolution of a group requires a response to this item.
Item 6: Ownership of More than Five percent on Behalf of Another Person.
If any other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds
from the sale of, such securities, a statement to that effect
should be included in response to this item and, if such interest
related to more than five percent of the class, such person
should be identified. A listing of the shareholders of an
investment company registered under the Investment Company Act of
1940 or the beneficiaries of employee benefit plan, pension fund
or endowment fund is not required.
Not Applicable
Item 7: Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company.
If a parent holding company has filed this schedule, pursuant to
Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an
exhibit stating the identity and the Item 3 classification of the
relevant subsidiary. If a parent holding company has filed this
schedule pursuant to Rule 13d-1(c), attach an exhibit stating the
identity of each member of the group.
Not Applicable
Item 8: Identification and Classification of Members of the
Group.
If a group his filed this schedule pursuant to Rule 13d-
1(b)(ii)(H), so indicate under item 3(h) and attach an exhibit
stating the identity had Item 3 classification of each member of
the group. If a group has filed this schedule pursuant to Rule
13d-1(c), attach an exhibit stating the identity of each member
of the group.
Not Applicable
Item 9: Notice of Dissolution of Group
Notice of dissolution of a group may be furnished as an exhibit
stating the date of the dissolution and that all further filings
with respect to transactions in the security reported on will be
filed, if required, by members of he group, in their individual
capacity. See item 5.
Not Applicable
Item 10: Certification
The following certification shall be included if the statement is
filed pursuant to Rule 13D-1(b):
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purpose or effect.
The following certification shall be included if the statement is
filed pursuant to section 240.13d-1(c):
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a participant
in any transaction having that purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Date: 04/20/00 Signature /s/ Anthony Giordano
Anthony Giordano
Director
Name/Title
The original statement shall be signed by each person on whose
behalf the statement is filed or his authorized representative.
If the statement is signed on behalf of a person by his
authorized representative other than an executive officer or
general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall
be filed with the statement, provided, however, that a power of
attorney for this purpose which is already on file with the
Commission may be incorporated by reference. The name and any
title of each person who signs the statement shall be typed or
printed beneath his signature.
