<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1) *
SFX ENTERTAINMENT, INC.
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(Name of Issuer)
Class A Common Stock, par value $.01
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(Title of Class of Securities)
784 178 10 5
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(CUSIP Number)
May 27, 1998
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(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)
[X] Rule 13d-1(c)
[ ] 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
disclosures provided in a prior cover page.
The information required on 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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SCHEDULE 13G
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CUSIP NO. 784178105 Page 2 of 6 Pages
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1 NAME OF REPORTING PERSONS
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Becker Interests Limited Partnership
76-0430788
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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5 SOLE VOTING POWER
1,153,507
NUMBER OF -------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY -------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 1,153,507
PERSON -------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,153,507
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.01%
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12 TYPE OF REPORTING PERSON *
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
SCHEDULE 13G
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CUSIP NO. 784178105 Page 3 of 6 Pages
- ---------------------------- ----------------------------
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1 NAME OF REPORTING PERSONS
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Allen J. Becker
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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5 SOLE VOTING POWER
1,153,507
NUMBER OF -------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY -------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 1,153,507
PERSON -------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,153,507
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.01%
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12 TYPE OF REPORTING PERSON *
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
ITEM 1.
(a) Name of Issuer:
SFX Entertainment, Inc.
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(b) Address of Issuer's Principal Executive Offices:
650 Madison Avenue
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New York, N.Y. 10022
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ITEM 2.
(a) Name of Person Filing: Becker Interests Limited Partnership
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Allen J. Becker
---------------------------------------
(b) Address of Principal Business Office or, if none, Residence:
Becker Interests Limited Partnership
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515 Post Oak Blvd., Suite 300
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Houston, Texas 77027
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Allen J. Becker
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515 Post Oak Blvd., Suite 300
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Houston, Texas 77027
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(c) Citizenship: Texas
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(d) Title of Class of Securities: Class A Common Stock
--------------------------------
(e) CUSIP Number: 784 178 105
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13-d-1(b),
OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or Dealer registered under Section 15 of the
Act.
(b) [ ] Bank as defined in section 3(a)(6) of the Act.
(c) [ ] Investment Company as defined in section 3(a)(19) of
the Act.
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act.
(e) [ ] An investment adviser in accordance with Section 240.
1301-1(b)(1)(i)(E).
(f) [ ] An employee benefit plan or endowment in accordance
with Section 240.1301-1(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 association 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).
<PAGE> 5
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.
(a) Amount Beneficially Owned: 1,153,507.
------------------------------------
(b) Percent of Class: 4.01%.
--------------------------------------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 1,153,507.
---------------
(ii) shared power to vote or to direct the vote -0-.
-------------
(iii) sole power to dispose or to direct the disposition of
1,153,507.
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(iv) shared power to dispose or to direct the disposition of
-0-.
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Instruction: For computations 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].
As of May 27, 1998, the reporting persons ceased to be the beneficial owner of
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more than 5 percent of the the class of securities.
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ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
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ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
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ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
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<PAGE> 6
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
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ITEM 10. CERTIFICATION.
(a) The following certification shall be included if the statement is
filed pursuant to Section 240.13d-1(b):
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were acquired and are held in the ordinary
course of business and 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.
(b) 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.
Dated: 11/30/1998 BECKER INTERESTS LIMITED PARTNERSHIP
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By: /s/ Allen J. Becker
----------------------------------------
Allen J. Becker, Managing General
Partner
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.
Dated: 11/30/1998 /s/ Allen J. Becker
-------------------------------------------
------------ Allen J. Becker
