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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities
and Exchange Act of 1934, Section 17(a) of the
Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Persons
Citiventure III Private Participation Limited
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(Last) (First) (Middle)
c/o INVESCO Private Capital, Inc. , 1166 Avenue of the Americas
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(Street)
New York New York 10036
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
3/24/99
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3. IRS Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
GoodNoise Corporation - GDNO
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5. Relationship of Reporting Person to Issuer:
(Check all applicable)
_________ Director X 10% Owner
_________ Officer (give --------
title below) ________Other (Specify
below)
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6. If Amendment, Date of Original (Month/Day/Year)
N/A
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Table 1 - - Non Derivative Securities Beneficially Owned
<TABLE>
<CAPTION>
1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instru. 4) Beneficially Owned Direct (D) or Beneficial Ownership
(Instru. 4) Indirect (I) (Instru 5.)
(Instru. 5)
<S> <C> <C> <C>
- ------------------------ ------------------------ ------------------------ ------------------------
- ------------------------ ------------------------ ------------------------ ------------------------
- ------------------------ ------------------------ ------------------------ ------------------------
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Page 1 of 2)
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Table II - - Derivative Securities Beneficially Owned (e.g., puts, calls,
warrants, options, convertible securities)
<TABLE>
<CAPTION>
1. Title of Derivative 2. Date Exer- 3. Title and Amount 4. Conversion 5. Ownership 6. Nature of
Security cisable and Underlying Derivative of Exercise Form of Indirect
Expiration Security (Instru. 4) Price of Derivative Beneficial
Date (Month, Derivative Security: Ownership
Day Year) Security Direct (D) (Instru. 5)
--------------- ----------------------- or Indirect (I)
Date Expir- Amount (Instru. 5)
Exer- tion or Number
cisable Date Title of Shares
<S> <C> <C> <C> <C> <C> <C>
Series B Convertible $3.00 per
Preferred Stock 3/24/99 None Common Stock 645,000 Share D N/A
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Shares are part of
Series B Convertible $3.00 per group over which
Preferred Stock 3/24/99 None Common Stock 2,688,400 Share I investment advisor
- ------------------------ ------- ------ ------------ ----------- ------- ------------------------ has sole dispositive
power
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Explanation of Responses:
Item 2: INVESCO Private Capital, Inc. is an investment advisor registered with
the US Securities and Exchange Commission under the Investment Advisors
Act of 1940, as amended. Several clients, listed below, are the legal
owners of the securities covered by this Form 3. Pursuant to the
investment management contracts with each of these clients, INVESCO
Private Capital, Inc. has sole investment discretion and voting
authority with respect to such securities. INVESCO Private Capital,
Inc. is the investment advisor for the following group members:
Chancellor Private Capital Partners III, L.P., Citiventure 96
Partnership L.P., Chancellor Private Capital Offshore Partners II,
L.P., Chancellor Private Capital Offshore Partners I, C.V. and
Citiventure III Private Participation Limited, all of which group
members share beneficial ownership of the securities described in Table
II.
**Intentional misstatements or omissions of fcats constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a)
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** Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. If
space provided is sufficient,
See Instruction 6 for procedure.
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