<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No. 2
NTL Incorporated
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.01 par value
- -------------------------------------------------------------------------------
(Title of Class of Securities)
629407107
--------------------------------------------
(CUSIP Number)
December 31, 1999
- -------------------------------------------------------------------------------
(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)
Page 1 of 11 pages
<PAGE>
- -----------------------
CUSIP No. 629407107 13G
- -----------------------
- ------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
Goldman Sachs Performance Partners, L.P.
- ------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) [_]
(b) [_]
- ------------------------------------------------------------------------------
3. SEC Use Only
- ------------------------------------------------------------------------------
4. Citizenship or Place of Organization
Delaware
- ------------------------------------------------------------------------------
5. Sole Voting Power
Number of 0
Shares ----------------------------------------------------------
6. Shared Voting Power
Beneficially
1,261
Owned by
----------------------------------------------------------
Each 7. Sole Dispositive Power
Reporting 0
Person ----------------------------------------------------------
8. Shared Dispositive Power
With:
1,261
- ------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,261
- ------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
[_]
- ------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
0.0%
- ------------------------------------------------------------------------------
12. Type of Reporting Person
PN
- ------------------------------------------------------------------------------
Page 2 of 11 pages
<PAGE>
- -----------------------
CUSIP No. 629407107 13G
- -----------------------
- ------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
Commodities Corporation LLC
- ------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) [_]
(b) [_]
- ------------------------------------------------------------------------------
3. SEC Use Only
- ------------------------------------------------------------------------------
4. Citizenship or Place of Organization
Delaware
- ------------------------------------------------------------------------------
5. Sole Voting Power
Number of 0
Shares ----------------------------------------------------------
6. Shared Voting Power
Beneficially
7,397
Owned by
----------------------------------------------------------
Each 7. Sole Dispositive Power
Reporting 0
Person ----------------------------------------------------------
8. Shared Dispositive Power
With:
7,397
- ------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
7,397
- ------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
[_]
- ------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
0.0%
- ------------------------------------------------------------------------------
12. Type of Reporting Person
OO
- ------------------------------------------------------------------------------
Page 3 of 11 pages
<PAGE>
- -----------------------
CUSIP No. 629407107 13G
- -----------------------
- ------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
Goldman Sachs Asset Management, a separate operating division of
Goldman, Sachs & Co.
- ------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) [_]
(b) [_]
- ------------------------------------------------------------------------------
3. SEC Use Only
- ------------------------------------------------------------------------------
4. Citizenship or Place of Organization
New York
- ------------------------------------------------------------------------------
5. Sole Voting Power
Number of 3,100
Shares ----------------------------------------------------------
6. Shared Voting Power
Beneficially
7,397
Owned by
----------------------------------------------------------
Each 7. Sole Dispositive Power
Reporting 3,100
Person ----------------------------------------------------------
8. Shared Dispositive Power
With:
7,397
- ------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
10,497
- ------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
[_]
- ------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
0.0%
- ------------------------------------------------------------------------------
12. Type of Reporting Person
IA
- ------------------------------------------------------------------------------
Page 4 of 11 pages
<PAGE>
Item 2(a). Name of Persons Filing:
Goldman Sachs Asset Management, Goldman Sachs Performance
Partners, L.P. and Commodities Corporation LLC
Item 2(b). Address of Principal Business Office or, if none, Residence:
Goldman Sachs Asset Management:
1 New York Plaza, New York, NY 10004
Goldman Sachs Performance Partners, L.P. and Commodities
Corporation LLC:
701 Mount Lucas Road
Princeton, NJ 08540
Item 2(c). Citizenship:
Goldman Sachs Asset Management - New York
Goldman Sachs Performance Partners, L.P. - Delaware
Commodities Corporation LLC - Delaware
Item 4. Ownership.(1)(2)(3)
(a). Amount beneficially owned:
See the response(s) to Item 9 on the attached cover page(s).
(b). Percent of Class:
See the response(s) to Item 11 on the attached cover page(s).
(c). Number of shares as to which such person has:
(i). Sole power to vote or to direct the vote: See the
response(s) to Item 5 on the attached cover page(s).
(ii). Shared power to vote or to direct the vote: See the
response(s) to Item 6 on the attached cover page(s).
(iii). Sole power to dispose or to direct the disposition
of: See the response(s) to Item 7 on the attached
cover page(s).
(iv). Shared power to dispose or to direct the disposition
of: See the response(s) to Item 8 on the attached
cover page(s).
Item 5. Ownership of Five Percent or Less of a Class.(3)
If this statement is being filed to report the fact that as
of the date hereof the reporting persons have ceased to be
the beneficial owners of more than five percent of the
class of securities, check the following [X].
- --------------------------
(1) This filing amends the Schedule 13G filed on March 24, 1999 by, among
others, Goldman Sachs Performance Partners, L.P. and Commodities Corporation
LLC.
(2) This filing reflects the aggregate amount beneficially owned by each
reporting person as of December 31, 1999. The percent of class represented by
such amount gives effect to the number of shares of Common Stock reported to be
outstanding as of September 30, 1999 in the most recent Quarterly Report on Form
10-Q for the quarter ended September 30, 1999, filed with the Securities and
Exchange Commission on November 12, 1999, by NTL Incorporated.
(3) In accordance with Securities and Exchange Commission ("SEC") Release No.
34-39538 (January 12, 1998), this filing reflects the securities beneficially
owned by the asset management division of Goldman, Sachs & Co. (the "Asset
Management Division"). This filing does not reflect securities, if any,
beneficially owned by any other division of Goldman, Sachs & Co. The Asset
Management Division disclaims beneficial ownership of the securities
beneficially owned by (i) any client accounts with respect to which it or its
employees have voting or investment discretion, or both, and (ii) certain
investment entities, of which its affiliate is the general partner, managing
general partner or other manager, to the extent interests in such entities are
held by persons other than the Asset Management Division.
Page 5 of 11 pages
<PAGE>
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
Not Applicable
Item 10. Certification.
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.
Page 6 of 11 pages
<PAGE>
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.
Date: February 14, 2000
GOLDMAN, SACHS & CO. on behalf of
Goldman Sachs Asset Management
By:/s/ Roger S. Begelman
---------------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
GOLDMAN SACHS PERFORMANCE PARTNERS, L.P.
By:/s/ Roger S. Begelman
---------------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
COMMODITIES CORPORATION LLC
By:/s/ Roger S. Begelman
---------------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
Page 7 of 11 pages
<PAGE>
INDEX TO EXHIBITS
Exhibit No. Exhibit
- ----------- -------
99.1 Power of Attorney, dated December 21, 1998, relating to
Goldman, Sachs & Co.
99.2 Power of Attorney, dated February 25, 1999, relating to
Goldman Sachs Performance Partners, L.P.
99.3 Power of Attorney, dated February 25, 1999, relating to
Commodities Corporation LLC
Page 8 of 11 pages
<PAGE>
Exhibit (99.1)
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that GOLDMAN, SACHS & CO. (the
"Company") does hereby make, constitute and appoint each of Hans L. Reich and
Roger S. Begelman, acting individually, its true and lawful attorney, to execute
and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as
of December 21, 1998.
GOLDMAN, SACHS & CO.
By: The Goldman, Sachs & Co. L.L.C.
By:/s/ Robert J. Katz
- ---------------------------------
Name: Robert J. Katz
Title: Executive Vice President
Page 9 of 11 pages
<PAGE>
Exhibit (99.2)
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that GOLDMAN SACHS PERFORMANCE PARTNERS,
L.P. (the "Partnership") does hereby make, constitute and appoint each of Hans
L. Reich and Roger S. Begelman, acting individually, its true and lawful
attorney, to execute and deliver in its name and on its behalf whether the
Partnership is acting individually or as representative of others, any and all
filings required to be made by the Partnership under the Securities Exchange Act
of 1934, as amended, giving and granting unto each said attorney-in-fact power
and authority to act in the premises as fully and to all intents and purposes as
the Partnership might or could do if personally present by one of its authorized
signatories, hereby ratifying and confirming all that said attorney-in-fact
shall lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as
of February 25, 1999.
GOLDMAN SACHS PERFORMANCE PARTNERS, L.P.
By: Commodities Corporation LLC
By:/s/ Joseph F. Esposito
- ---------------------------------
Name: Joseph F. Esposito
Title: Secretary and Vice President
Page 10 of 11 pages
<PAGE>
Exhibit (99.3)
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that COMMODITIES COPORATION LLC (the
"Company") does hereby make, constitute and appoint each of Hans L. Reich and
Roger S. Begelman, acting individually, its true and lawful attorney, to execute
and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as
of February 25, 1999.
COMMODITIES COPORATION LLC
By:/s/ Joseph F. Esposito
- ---------------------------------
Name: Joseph F. Esposito
Title: Secretary and Vice President
Page 11 of 11 pages
