WHITNEY EQUITY PARTNERS LP
SC 13G, 2000-02-14
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                                 UNITED STATES
                        SECURITIES & EXCHANGE COMMISSION
                             WASHINGTON D.C. 20549

                                  SCHEDULE 13G

                   UNDER THE SECURITIES EXCHANGE ACT OF 1934

                              (AMENDMENT NO. __)*

                              HOMESTORE.COM, INC.
                              ------------------
                                (Name of Issuer)

                         COMMON STOCK, $.001 PAR VALUE
                         -----------------------------
                         (Title of Class of Securities)

                                   437852106
                                  ------------
                                 (CUSIP Number)

                                 NOT APPLICABLE
             -----------------------------------------------------
            (Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

/ / Rule 13d-1(b)
/ / Rule 13d-1(c)
/X/ 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
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not 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).


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- --------------------------------------------------------------------------------
CUSIP No. 437852106                      13G                        Page 2 of 6
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
1   NAMES OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

    Whitney Equity Partners, L.P., a Delaware limited partnership (IRS
    Identification No. 06-1445444), the sole general partner of which is J.H.
    Whitney Equity Partners, L.L.C., a Delaware limited liability company.
    The members of J. H. Whitney Equity Partners, L.L.C. are Michael C.
    Brooks, Peter M. Castleman, Jeffrey R. Jay, William Laverack, Jr., Daniel
    J. O'Brien and Michael R. Stone.
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
                                 (a) / /
                                 (b) /X/
- --------------------------------------------------------------------------------
3   SEC USE ONLY
- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION

    A Delaware limited partnership. The sole general partner is a Delaware
    limited liability company whose members are individuals who are United
    States citizens.
- --------------------------------------------------------------------------------
                          5 SOLE VOTING POWER
                            5,316,630 shares of Common Stock
                          ------------------------------------------------------
 Number of                6 SHARED VOTING POWER
   Shares                   -0-
Beneficially              ------------------------------------------------------
  Owned By                7 SOLE DISPOSITIVE POWER
    Each                    5,316,630 shares of Common Stock
 Reporting                ------------------------------------------------------
   Person                 8 SHARED DISPOSITIVE POWER
    With                    -0-
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    5,316,630 shares
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
    INSTRUCTIONS)
    /X/
- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    7.6%
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
    PN
- --------------------------------------------------------------------------------


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CUSIP No. 437852106                  13G                             Page 3 of 6



ITEM 1.

       (a) Name of Issuer:
              Homestore.com, Inc.

       (b) Address of Issuer's Principal Executive Offices:
              225 West Hillcrest Drive, Suite 100
              Thousand Oaks, CA 91360

ITEM 2.

      (a) Name of Person Filing:

    Whitney Equity Partners, L.P. is a Delaware limited partnership. The name
    of the general partner of Whitney Equity Partners, L.P. is J. H. Whitney
    Equity Partners, L.L.C., a Delaware limited liability company, whose
    business address is 177 Broad Street, Stamford, CT 06901. The names and
    business address of the members of J. H. Whitney Equity Partners, L.L.C.
    are as follows: Michael C. Brooks, Peter M. Castleman, Jeffrey R. Jay,
    William Laverack, Jr., Daniel J. O'Brien and Michael R Stone, the
    business address of each of whom is 177 Broad Street, Stamford, CT 06901.

      (b) Address of Principal Business Office or, if none, Residence:

             Whitney Equity Partners, L.P.
             177 Broad Street
             Stamford, CT 06901

      (c) Citizenship:

    Whitney Equity Partners, L.P. is a Delaware limited partnership. Its
    general partner is a Delaware limited liability company. All of the
    individual members of the general partner are citizens of the United
    States.

      (d) Title of Class of Securities:

         Common Stock

      (e) CUSIP Number:

         437852106

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b) OR
        (c), CHECK WHETHER THE PERSON FILING IS A:

        (a) / / Broker or dealer registered under section 15 of the Act
                (15 U.S.C.78o)

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CUSIP No. 437852106                    13G                          Page 4 of 6


       (b) / / Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

       (c) / / Insurance company as defined in section 3(a)(19) of the Act
               (15 U.S.C.78c).

       (d) / / Investment company as defined in section 3(a)(19) of the Act
               (15 U.S.C.78c).

       (e) / / An investment adviser in accordance with
               Section 240.13d-1(b)(1)(ii)(E);

       (f) / / An employee benefit plan or endowment fund in accordance with
               Section 240.13d-1( b)(1)(ii)(F);

       (g) / / A parent holding company or control person in accordance with
               Section 240.13d-1(b)(1)(ii)(G);

       (h) / / A savings associations as defined in Section 3(b) of the Federal
               Deposit Insurance Act (12 U.S.C. 1813);

       (i) / / A church plan that is excluded from the definition of an
               investment company under section 3(c)(14) of the Investment
               Company Act of 1940 (15 U.S.C.80a-3);

       (j) / / Group, in accordance with Section 240.13d-1(b)(1)(ii)(J)
               If this statement is filed pursuant to Rule 13d-1(c), check
               this box. / /

ITEM 4. OWNERSHIP.

       The following information is provided as of December 31, 1999:

       (a) Amount beneficially owned:

           Whitney Equity Partners, L.P. is the beneficial owner of 5,316,630
           Shares.(1)

       (b) Percent of class:

           7.6%

       (c) Number of shares as to which the person has:

           (i) Sole power to vote or to direct the vote:

               5,316,630 shares

- ---------------------

(1) The figure for the amount beneficially owned by Whitney Equity
Partners, L.P. does not include 15,000 shares of Common Stock issuable upon the
exercise of the options held by Michael C. Brooks, a member of J. H. Whitney
Equity Partners, L.L.C., the general partner of Whitney Equity Partners, L.P.
Whitney Equity Partners, L.P. disclaims beneficial ownership of the shares of
Common Stock issuable upon the exercise of the options held by Michael C.
Brooks. On January 27, 2000 Whitney Equity Partners, L.P. sold 797,459 shares
pursuant to a registration statement filed by the issuer.


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CUSIP No. 437852106                   13G                           Page 5 of 6

           (ii) Shared power to vote or to direct the vote:

                0 shares

          (iii) Sole power to dispose or to direct the disposition of:

                5,316,630 shares

           (iv) Shared power to dispose or to direct the disposition of:

                0 shares

ITEM 5.  OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

         Not applicable.

ITEM 6.  OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

         No other person has the right to receive or the power to direct the
receipt of dividends from, or proceeds from the sale of, the securities owned
by Whitney Equity Partners, L.P.

ITEM 7.  IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
         SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

         Not applicable

ITEM 8.  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

         Not applicable.

ITEM 9.  NOTICE OF DISSOLUTION OF GROUP.

         Not applicable.

ITEM 10. CERTIFICATION.

         Not applicable


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CUSIP No. 437852106                      13G                        Page 6 of 6

                                   SIGNATURE

     After reasonable inquiry and to the best of its knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.


                                         February 14, 2000
                                  ---------------------------------------------
                                               Date

                                  WHITNEY EQUITY PARTNERS, L.P.

                                  By: J. H. Whitney Equity Partners, L.L.C.

                                  By: /s/ Daniel J. O'Brien
                                     ------------------------------------------
                                      Daniel J. O'Brien
                                      Managing Member


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