<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------------------
AMENDMENT NO. 1
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)
--------------------------
AUGUST 15, 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 0
SHARES 8. SHARED VOTING POWER
BENEFICIALLY 6,300
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH 10. SHARED DISPOSITIVE POWER
5,244,395
------------------------- ------- ----------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,244,395
------------ -------------------------------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
------------ -------------------------------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.7%
------------ -------------------------------------------------------------------------------------------------------
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 0
SHARES 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
5,244,395
------------ -------------------------------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
------------ -------------------------------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.7%
------------ -------------------------------------------------------------------------------------------------------
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
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 6300
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 10. SHARED DISPOSITIVE POWER
PERSON WITH 5,244,395
------------ -------------------------------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,244,395
------------ -------------------------------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
------------ -------------------------------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.7%
------------ -------------------------------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
------------ -------------------------------------------------------------------------------------------------------
</TABLE>
Page 4 of 5 Pages
<PAGE> 5
This Amendment No. 1 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.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a)-(b) Between August 15, 2000 and August 23, 2000, purchased 6,300 shares of
the Company's common stock for a total of $20,004.50.
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: September 8, 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 de Vogel
Title: President
Page 5 of 5 Pages
