SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
Rhythms NetConnections Inc.
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(Name of Issuer)
Common Stock, par value $.001 per share
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(Title of Class of Securities)
762430 20 5
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(CUSIP Number)
December 31, 1999
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(Date of Event Which Requires Filing of the Statement)
Check the appropriate box to designate the rule pursuant to which
this schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[x] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
<PAGE>
CUSIP No. 762430 20 5 SCHEDULE 13G Page 2 of 6 Pages
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1. NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
MCI WORLDCOM, Inc. 58-1521612
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) []
(b) []
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Georgia
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5. SOLE VOTING POWER: 5,334,692 shares
NUMBER OF SHARES -------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY EACH -------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER 5,334,692 shares
PERSON WITH -------------------------------------------------------
8. SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,334,692 shares
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
[]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.8% See Item 4(b).
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12. TYPE OF REPORTING PERSON
CO
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<PAGE>
CUSIP No. 762430 20 5 SCHEDULE 13G Page 3 of 6 Pages
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1. NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
MCI WorldCom Venture Fund, Inc. 52-2156056
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) []
(b) []
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER: 5,334,692 shares
NUMBER OF SHARES -------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY EACH -------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER 5,334,692 shares
PERSON WITH -------------------------------------------------------
8. SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,334,692 shares
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
[]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.8% See Item 4(b).
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12. TYPE OF REPORTING PERSON
CO
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<PAGE>
CUSIP No. 762430 20 5 SCHEDULE 13G Page 4 of 6 Pages
Item 1(a). Name of Issuer:
Rhythms NetConnections Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
6933 South Revere Parkway
Englewood, Colorado 80112
Item 2(a). Name of Person Filing:
This statement is filed by and on behalf of (1) MCI WORLDCOM,
Inc., a Georgia corporation, and (2) its wholly-owned
subsidiary, MCI WorldCom Venture Fund, Inc., a Delaware
corporation.
Item 2(b). Address of Principal Business Office or, if None, Residence:
MCI WORLDCOM, Inc.
500 Clinton Center Drive
Clinton, Mississippi 39056
MCI WorldCom Venture Fund, Inc.
1801 Pennsylvania Avenue, N.W.
Washington, D.C. 20006
Item 2(c). Citizenship:
MCI WORLDCOM, Inc.: Georgia
MCI WorldCom Venture Fund, Inc. Delaware
Item 2(d). Title of Class of Securities:
Common Stock, $.001 par value per share
Item 2(e). CUSIP Number:
762430 20 5
Item 3. If This Statement is Filed Pursuant to Rules 13d-1(b), or
13d-2(b), Check Whether the Person Filing is a:
Not applicable
<PAGE>
CUSIP No. 762430 20 5 SCHEDULE 13G Page 5 of 6 Pages
Item 4. Ownership.
(a) Amount beneficially owned:
5,334,692 shares as of December 31, 1999, including
warrants to acquire 857,000 shares of Common Stock.
(b) Percent of class:
6.8%, based on 77,141,961 shares outstanding as of
November 10, 1999, as reported by the Issuer in its
Quarterly Report on Form 10-Q for the period ending
September 30, 1999, and treating the 857,000 shares
of Common Stock underlying the warrants as having
been issued for purposes of computing this
percentage.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
5,334,692 shares
(ii) Shared power to vote or to direct the vote:
0 shares
(iii) Sole power to dispose or to direct the disposition of:
5,334,692 shares
(iv) Shared power to dispose or to direct the disposition of:
0 shares
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not applicable
Item 8. Identification and Classification of Members of the Group.
Not applicable
<PAGE>
CUSIP No. 762430 20 5 SCHEDULE 13G Page 6 of 6 Pages
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certification.
Not applicable
The undersigned hereby agree to jointly file this statement on
Schedule 13G, together with any amendments thereto, with the SEC pursuant to the
requirements of Rule 13d-1 under the Securities Exchange Act of 1934, as
amended.
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.
February 17, 2000
MCI WORLDCOM, Inc.
By /s/ Scott D. Sullivan
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Scott D. Sullivan
Secretary and Chief Financial Officer
MCI WorldCom Venture Fund, Inc.
By /s/ Scott D. Sullivan
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Scott D. Sullivan
Secretary and Chief Financial Officer