UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Hudson Hotels Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
443794201
(CUSIP Number)
12/31/00
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] 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>
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CUSIP No.: 443794201
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1. Names of Reporting Persons
IRS Identification No:
OppenheimerFunds, Inc.
IRS No. 13-2527171
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2. Check the Appropriate Box if a Member of a Group (See
Instructions):
Joint Filing
(a)
(b)
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3. SEC Use Only
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4. Citizenship or Place of Organization:
Colorado
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Number of
Shares 5. Sole Voting Power:
Beneficially 0
Owned by
Each
Reporting
Person With
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6. Shared Voting Power:
0
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7. Sole Dispositive Power:
0
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8. Shared Dispositive Power:
555,556
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9. Aggregate Amount Beneficially Owned by Each Reporting Person:
555,556 (beneficial ownership disclaimed pursuant to Rule 13d-4
of the Exchange Act of 1934)
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10. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
[ ]
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11. Percent of Class Represented by Amount in Row (11):
20.35%
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12. Type of Reporting Person (See Instructions):
IA
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<PAGE>
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CUSIP No.: 443794201
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1. Names of Reporting Persons
IRS Identification No: 16-6289311
Oppenheimer Convertible Securities Fund
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2. Check the Appropriate Box if a Member of a Group (See
Instructions):
(a)
(b)
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3. SEC Use Only
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4. Citizenship or Place of Organization:
Massachusetts
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Number of
Shares 9. Sole Voting Power:
Beneficially 555,556
Owned by
Each
Reporting
Person With
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10. Shared Voting Power:
0
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11. Sole Dispositive Power:
0
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12. Shared Dispositive Power:
555,556
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9. Aggregate Amount Beneficially Owned by Each Reporting Person:
555,556 (beneficial ownership disclaimed pursuant to Rule 13d-4
of the Exchange Act of 1934)
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10. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
[ ]
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11. Percent of Class Represented by Amount in Row (11):
20.35%
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12. Type of Reporting Person (See Instructions):
IV
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Item:
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<PAGE>
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1(a) Name of Issuer:
Hudson Hotels Corporation
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1(b) Address of Issuer's Principal Executive Offices:
300 Bausch & Lomb Place
Rochester, NY 14604
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2(a) Name of Person Filing:
(i) OppenheimerFunds, Inc.
(ii) Oppenheimer Convertible Securities Fund
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2(b) Address of Principal Business Office or, if none, Residence:
(i) Two World Trade Center, 34th Floor
New York, NY 10048-0203
(ii) 6803 Tucson Way
Englewood, CO 80112
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2(c) Citizenship:
(i) Colorado
(ii) Massachusetts
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2(d) Title of Class of Securities:
Common Stock
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2(e) CUSIP Number:
443794201
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3(e) If this statement is filed pursuant toss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
X An investment adviser in accordance
withss.240.13d-1(b)(1)(ii)(E) --
X Investment company registered under Section 8 of the Investment
- Company Act of 1940 (15 U.S. C. 80a-8).
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4(a) Amount beneficially owned:
(i) 555,556 (beneficial ownership disclaimed pursuant to Rule
13d-4 of the Exchange Act of 1934)
(ii) 555,556
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4(b) Percent of class:
(i) 20.35%
(ii) 20.35%
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4(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
(a) 0
-
(b) 555,556
(ii) Shared power to vote or to direct the vote:
(a) 0
-
(b) 0
-
(iii) Sole power to dispose or to direct the disposition of:
(a) 0
-
(b) 0
-
(iv) Shared power to dispose or to direct the disposition of:
(a) 555,556
(b) 555,556
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5. Ownership of Five Percent or Less of a Class: [ ]
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6. Ownership of More than Five Percent on Behalf of Another Person.:
See Exhibit A hereto.
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7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company:
N/A
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8. Identification and Classification of Members of the Group:
N/A
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9. Notice of Dissolution of Group:
N/A
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10. Certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are
held in the ordinary course of business and 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.
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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.
1/16/01
Date
/s/ Philip T. Masterson
Signature
Philip T. Masterson, Vice President
Name/Title
<PAGE>
EXHIBIT A
The respective Boards of Directors or Trustees of the registered
investment companies managed by OppenheimerFunds, Inc. ("OFI") that own shares
of the issuer can direct the disposition of dividends received by such funds and
can dispose of such securities. Additionally, OFI shares the power to dispose of
such securities with the Board of Directors or Trustees of such funds; however,
the Boards of Directors or Trustees of such funds have delegated this
responsibility to OFI as the funds' investment advisor under the respective
investment advisory agreements. OFI has an interest relating to five (5%)
percent or more of such securities as disclosed on Page 2 hereof, by virtue of
the interest of five percent (5%) or more of such securities by Oppenheimer
Convertible Securities Fund, as disclosed on pages 3 and 4 hereof. OFI disclaims
ownership of such securities, except as expressly stated herein.
<PAGE>
EXHIBIT B
The undersigned investment company hereby acknowledges and agrees that a
report on Schedule 13G filed by OppenheimerFunds, Inc. on or about the date
hereof, relating to the common stock of Hudson Hotels Corporation is filed on
behalf of the undersigned.
Dated: January 16, 2001
Oppenheimer Convertible Securities Fund
By: /s/ Robert G. Zack
Robert G. Zack
Assistant Secretary
