BESSEMER VENTURES INC
13F-NT, 1999-05-17
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 13F

                               Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:         March 31, 1999

Check here if Amendment [ ]; Amendment Number:

This Amendment (Check only one.):        |_|  is a restatement.
                                         |_|  adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:             Bessemer Ventures, Inc.

Address:          630 Fifth Avenue     New York,     New York     10111

Form 13F File Number:   28-7206

The institutional  investment  manager filing this report and the person by whom
it is signed hereby  represent  that the person signing the report is authorized
to  submit  it,  that all  information  contained  herein is true,  correct  and
complete,  and  that it is  understood  that  all  required  items,  statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:             John G. MacDonald

Title:            Vice President

Phone:            212-708-9230

Signature, Place, and Date of Signing:

/s/ John G. MacDonald               New York, NY           14th day of May, 1999
- --------------------------
[Signature]                        [City, State]                 [Date]

Report Type (Check only one.):

|_|  13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
         are reported in this report.)

|X|  13F NOTICE. (Check here if no holdings reported are in this report, and all
         holdings are reported by other reporting manager(s).)

|_|  13F COMBINATION REPORT. (Check here if a portion of the holdings for this
         reporting manager are reported in this report and a portion are
         reported by other reporting manager(s).)


<PAGE>


List of Other Managers Reporting for this Manager:

Form 13F File Number                          Name

       28-7250                                Bessemer Securities LLC




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