<TABLE>
<S> <C> <C>
-------- ----------------------------
FORM 3 U.S. SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
-------- Washington, D.C. 20549 ----------------------------
OMB Number: 3235-0104
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Expires: September 30, 1998
Estimated average burden
Filed pursuant to Section 16(a) of the Securities Exchange hours per response.......0.5
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
</TABLE>
(Print or Type Responses)
________________________________________________________________________________
1. Name and Address of Reporting Person*
AEA XM INVESTORS INC.
--------------------------------------------------------------------------------
(Last) (First) (Middle)
65 East 55th Street
--------------------------------------------------------------------------------
(Street)
New York, NY 10022
--------------------------------------------------------------------------------
(City) (State) (Zip)
________________________________________________________________________________
2. Date of Event Requiring Statement (Month/Day/Year)
August 8, 2000
________________________________________________________________________________
3. IRS or Social Security Number of Reporting Person (Voluntary)
________________________________________________________________________________
4. Issuer Name and Ticker or Trading Symbol
XM Satellite Radio Holdings Inc. (XMSR)
________________________________________________________________________________
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
--- ---
Officer (give title below) Other (specify below)
--- ---
________________________________________________________________________________
6. If Amendment, Date of Original (Month/Day/Year)
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check Applicable Line)
Form Filed by One Reporting Person
---
X Form Filed by More Than One Reporting Person
---
________________________________________________________________________________
--------------------------------------------------------------------------------
Table I-Non-Derivative Securities Beneficially Owned
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v). (Over)
SEC 1473 (7-96)
</TABLE>
NY/296735.1
<PAGE>
<TABLE>
<CAPTION>
FORM 3 (continued) Table II--Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
------------------------------------------------------------------------------------------------------------------------------------
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
8.25% Series C
Convertible
Redeemable Preferred
Stock, par value $0.01
per share N/A N/A Common Stock, par 2,264,150 $26.50 I (1)
value $0.01 per share
------------------------------------------------------------------------------------------------------------------------------------
8.25% Series C
Convertible
Redeemable Preferred
Stock, par value $0.01
per share N/A N/A Common Stock, par 259,207 $26.50 D(2)
value $0.01 per share
------------------------------------------------------------------------------------------------------------------------------------
8.25% Series C
Convertible
Redeemable Preferred
Stock, par value $0.01
per share N/A N/A Common Stock, par 2,004,943 $26.50 D(3)
value $0.01 per share
------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses:
1 These securities are indirectly owned by AEA XM Investors Inc., a Delaware
corporation, who is a member of a "group" with AEA XM Investors I LLC, a
Delaware limited liability company ("AEA XM I"), and AEA XM Investors II LLC, a
Delaware limited liability company ("AEA XM II"), for purposes of Section 13(d)
of the Exchange Act, all of which may be deemed to be members of a larger
"group" for purposes of Section 13(d) of the Exchange Act.
2 These securities are directly owned by AEA XM I.
3 These securities are directly owned by AEA XM II.
AEA XM INVESTORS INC.
/s/ Christine J. Smith August 18, 2000
---------------------------------------- ---------------
** Intentional misstatements or omissions of facts constitute Name: Christine J.Smith Date
Federal Criminal Violations. Title: Vice President
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person
See Instruction 6 for procedure.
</TABLE>
Page 2
NY/296735.1
<PAGE>
Joint Filer Information
Name: AEA XM Investors I LLC
Address: 65 East 55th Street
New York, New York 10022
Designated Filer: AEA XM Investors Inc.
Issuer & Ticker Symbol: XM Satellite Radio Holdings Inc. (XMSR)
Date of Event Requiring Statement: August 8, 2000
Signature: AEA XM Investors I LLC
By: AEA XM Investors I LP, its managing member
By: AEA XM Investors Inc., its general partner
By: /s/ Christine J. Smith
----------------------
Name: Christine J. Smith
Title: Vice President
Name: AEA XM Investors II LLC
Address: 65 East 55th Street
New York, New York 10022
Designated Filer: AEA XM Investors Inc.
Issuer & Ticker Symbol: XM Satellite Radio Holdings Inc. (XMSR)
Date of Event Requiring Statement: August 8, 2000
Signature: AEA XM Investors II LLC
By: AEA XM Investors II LP, its managing member
By: AEA XM Investors Inc., its general partner
By: /s/ Christine J. Smith
----------------------
Name: Christine J. Smith
Title: Vice President
NY/296735.1
