<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------------------
AMENDMENT NO. 2
TO
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
GLOBAL VACATION GROUP, INC.
(Name of Issuer)
--------------------------
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
--------------------------
37937F106
(Cusip Number)
--------------------------
DAVID W. BERNSTEIN, ESQ.
CLIFFORD CHANCE ROGERS & WELLS LLP
200 PARK AVENUE
NEW YORK, NEW YORK 10166
(212) 878-8000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
--------------------------
SEPTEMBER 7, 2000
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[ ].
(Continued on following pages)
Page 1 of 5 Pages
<PAGE> 2
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
CUSIP No. 37937F106 13D Page 2 of 5 Pages
-----------
------------------------------------------------------------------------------------------------------------------------------------
<S> <C>
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
GV INVESTMENT LLC
------------------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
------------------------------------------------------------------------------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------------------------------------------------------------------------------
4. SOURCES OF FUNDS
OO
------------------------------------------------------------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
------------------------------------------------------------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
------------------------------------------------------------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF
SHARES 0
---------------------------------------------------------------------------------------------
8. SHARED VOTING POWER
BENEFICIALLY
386,300
OWNED BY ---------------------------------------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
EACH
0
REPORTING ---------------------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
PERSON WITH
5,624,395
------------------------------------------------------------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,624,395
------------------------------------------------------------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
------------------------------------------------------------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.6%
------------------------------------------------------------------------------------------------------------------------------------
14.
TYPE OF REPORTING PERSON
OO (limited liability company)
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 2 of 5 Pages
<PAGE> 3
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
CUSIP No. 37937F106 13D Page 3 of 5 Pages
-----------
------------------------------------------------------------------------------------------------------------------------------------
<S> <C>
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
THREE CITIES FUND III, L.P.
------------------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
------------------------------------------------------------------------------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------------------------------------------------------------------------------
4.
SOURCES OF FUNDS
Not Applicable
------------------------------------------------------------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
------------------------------------------------------------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
------------------------------------------------------------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF
SHARES 0
---------------------------------------------------------------------------------------------
8. SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY ---------------------------------------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
EACH
0
REPORTING ---------------------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
PERSON WITH
0
------------------------------------------------------------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,624,395
------------------------------------------------------------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
------------------------------------------------------------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.6%
------------------------------------------------------------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 3 of 5 Pages
<PAGE> 4
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
CUSIP No. 37937F106 13D Page 4 of 5 Pages
-----------
====================================================================================================================================
<S> <C>
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
THREE CITIES RESEARCH, INC.
------------------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
------------------------------------------------------------------------------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------------------------------------------------------------------------------
4. SOURCES OF FUNDS
Not Applicable
------------------------------------------------------------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
------------------------------------------------------------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 0
---------------------------------------------------------------------------------------------
8. SHARED VOTING POWER
BENEFICIALLY
386,300
OWNED BY ---------------------------------------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
EACH
REPORTING ---------------------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
PERSON WITH
5,624,395
------------------------------------------------------------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,624,395
------------------------------------------------------------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
------------------------------------------------------------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.6%
------------------------------------------------------------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
====================================================================================================================================
</TABLE>
Page 4 of 5 Pages
<PAGE> 5
This Amendment No. 2 amends and supplements the Schedule 13D filed with
the Securities and Exchange Commission on June 30, 2000 by GV Investment LLC,
Three Cities Fund III, L.P. and Three Cities Research, Inc., as subsequently
amended.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a)-(b) Between September 5, 2000 and September 7, 2000, purchased 380,000
shares of the Company's common stock for a total of $1,235,000.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment is true, complete and
correct.
Dated: October 10, 2000
GV INVESTMENT LLC
By: /s/ J. William Uhrig
---------------------------
Name: J. William Uhrig
Title: President
THREE CITIES FUND III, L.P.
By: TCR Associates III, L.L.C.,
its General Partner
By: TCR GP, L.L.C.
its Managing Member
By: /s/ Willem de Vogel
---------------------------
Name: Willem de Vogel
Title: Managing Member
THREE CITIES RESEARCH, INC.
By: /s/ Willem de Vogel
---------------------------
Name: Willem deVogel
Title: President
Page 5 of 5 Pages
