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OMB
APPROVAL
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OMB Number
3235-0104
Expires:
April 30, 1997
Estimated average
burden
hours per
response ....... 0.5
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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 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
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1. Name and Address of Reporting Person
Apollo Ski Partners, L.P.
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(Last) (First) (Middle)
1999 Avenue of the Stars
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(Street)
Los Angeles, CA 90067
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
2/3/97
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Vail Resorts, Inc. ("MTN")
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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/Year)
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Table I -- Non-Derivative Securities Beneficially
Owned
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<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.5)
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<S> <C>
<C> <C>
Common Stock (1) 0
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Class A Common Stock (1) 11,639,542
D
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</TABLE>
Reminder: Report on a separate line for each class of securities
beneficially
owned directly or indirectly.
(Print or Type Responses)
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and
Amount of Securities ship
Underlying
Derivative Security Form of
2. Date Exercisable (Instr. 4)
Derivative
and Expiration Date
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(Month/Day/Year)
Amount sion or Direct 7. Nature
of
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or Exercise (D) or
Indirect
Date Expira-
Number Price of Indirect
Beneficial
1. Title of Security Exer- tion
of Derivative (I)
Ownership
(Instr. 4) cisable Date Title
Shares Security (Instr.5) (Instr.
5)
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<S> <C> <C> <C>
<C> <C> <C> <C>
Option to Purchase Common Stock
0
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Option to Purchase Class A Common
Stock 0
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</TABLE>
Explanation of Responses:
(1) The number of shares reported represent the gross beneficial
ownership
interst of Apollo Ski Partners, L.P. in the equity securities
of the
Company. As permitted by the SEC rules, the number os shares
reported
includes shares in excess of the proportinionate pecuniary
interest, if
any, of the Reporting Person in the equity securities of the
Company.
Apollo Ski Partners, L.P.
By: Apollo Investment Fund, L.P.,
Its General Partner
By: Apollo Advisors, L.P., Its
Managing General Partner
By: Apollo Capital Management, Inc., Its
General Partner
By: Apollo Capital Management, Inc., Its
General Partner
By: /s/ Mike Weiner
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Title: Vice President
/s/ Mike Weiner
2/5/97
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**Signature of Reporting Person
Date
** Intentional misstatements or omissions of facts constitute
Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be
manually signed.
If space provided is insufficient. See Instruction 6 for
procedure.
