SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 RULE 13d-2(b)
(Amendment No.___)1
HYPERION 2002 TERM TRUST, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.00 PER SHARE
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(Title of Class of Securities)
448915108
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(CUSIP Number)
December 31, 2000
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(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)
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1 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 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. 448915108 SCHEDULE 13G Page 2 of 6 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
The Riverstone Group, LLC
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
Not Applicable
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Virginia
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NUMBER OF 5. SOLE VOTING POWER
SHARES 1,826,799
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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6. SHARED VOTING POWER
NONE
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7. SOLE DISPOSITIVE POWER
1,826,799
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8. SHARED DISPOSITIVE POWER
NONE
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,826,799
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
Not Applicable
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.0%
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12. TYPE OF REPORTING PERSON*
00 (Virginia limited liability company)
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13G
FOR
THE RIVERSTONE GROUP, LLC
Item 1(a). Name of Issuer: HYPERION 2002 TERM TRUST, INC.
Item 1(b). Address of Issuer's Principal Executive Offices:
1 Liberty Plaza
165 Broadway
36th Floor
New York, New York 10006
Item 2(a). Name of Person Filing: The Riverstone Group, LLC,
by Beverly W. Armstrong, Manager
Item 2(b). Address of Principal Business Office or, if None, Residence:
901 East Cary Street
Suite 1500
Richmond, Virginia 23219
Item 2(c). Citizenship: Virginia
Item 2(d). Title of Class of Securities:
COMMON STOCK, PAR VALUE $0.00 PER SHARE
Item 2(e). CUSIP Number: 448915108
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or
13d-2(b) or (c), Check Whether the Person Filing is a:
(a) |_| Broker or dealer registered under Section 15 of the
Exchange Act.
(b) |_| Bank as defined in section 3(a)(6) of the Exchange Act.
(c) |_| Insurance company as defined in section 3(a)(19) of the
Exchange Act.
(d) |_| Investment company registered under section 8 of the
Investment Company Act.
(e) |_| An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E).
(f) |_| An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F).
(g) |_| A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G)
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<PAGE>
(h) |_| A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act.
(i) |_| A church plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act.
(j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
NOT APPLICABLE.
Item 4. Ownership.
(a) Amount beneficially owned: 1,826,799 shares
(b) Percent of class: 6.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 1,826,799
(ii) Shared power to vote or to direct the vote: NONE
(iii) Sole power to dispose or to direct the disposition of:
1,826,799
(iv) Shared power to dispose or to direct the disposition
of: NONE
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
or Control Person.
NOT APPLICABLE.
Item 8. Identification and Classification of Members of the Group.
NOT APPLICABLE.
Item 9. Notice of Dissolution of Group.
NOT APPLICABLE.
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<PAGE>
Item 10. Certifications.
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>
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.
January 12, 2001
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(Date)
By: /s/ Beverly W. Armstrong
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Beverly W. Armstrong, Manager
Note. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7 for
other parties to whom copies are to be sent.
Attention. Intentional misstatements or omissions of fact constitute
federal criminal violations (see 18 U.S.C. 1001).
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