================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------
SCHEDULE 13G
(AMENDMENT NO. 1)*
UNDER THE SECURITIES EXCHANGE ACT OF 1934
SCANDINAVIAN BROADCASTING SYSTEM SA.
- --------------------------------------------------------------------------------
(NAME OF ISSUER)
COMMON STOCK, $1.50 PER SHARE L8137H108
- ------------------------------------ -----------------------------------
(TITLE OF CLASS OF SECURITIES) (CUSIP NUMBER)
AUGUST 31, 1998
-----------------------------------------------------------------
(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 should 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
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purposes 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).
(Continued on following page(s))
(Page 1 of 6 Pages)
================================================================================
<PAGE>
<TABLE>
<CAPTION>
- -------------------------------------------------------------------- -----------------------------------------------------
CUSIP No. L8137H108 13G Page 2 of 6
- -------------------------------------------------------------------- -----------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1 NAME OF REPORTING PERSON: ENTRUST CAPITAL INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-3933026
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [_]
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER: 0
SHARES
----------------------------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 1,916,561
OWNED BY
----------------------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 0
REPORTING
----------------------------------------------------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 2,248,511
- ------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING 2,248,511
PERSON:
- ------------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: [_]
- ------------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 16.4%
- ------------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON: IA
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Item 1
(a) Name of Issuer
Scandinavian Broadcasting Systems SA.
(b) Address of Issuer's Principal Executive Offices
8-10 Rue Mathias Hardt, L-1717
Luxembourg, Luxembourg
Item 2
(a) Name of Person Filing
See Item 1 of the Cover Page attached hereto
(b) Address of Principal Business Office or, if none, Residence
650 Madison Avenue
New York, New York 10022
(c) Citizenship
See Item 4 of the Cover Page attached hereto
(d) Title of Class of Securities
Common Stock, par value $1.50 per share
(e) CUSIP Number
L8137H108
Item 3
(e) EnTrust Capital Inc. is an Investment Adviser registered under
section 203 of the Investment Advisers Act of 1940
Item 4
(a) Amount Beneficially Owned
Page 3 of 6
<PAGE>
See Item 9 of the Cover Page attached hereto
(b) Percent of Class
See Item 11 of the Cover Page attached hereto
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
See Item 5 of the Cover Page attached hereto
(ii) shared power to vote or to direct the vote
See Item 6 of the Cover Page attached hereto
(iii) sole power to dispose or to direct the disposition of
See Item 7 of the Cover Page attached hereto
(iv) shared power to dispose or to direct the disposition of
See Item 8 of the Cover Page attached hereto
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
Pag 4 of 6
<PAGE>
Not applicable
Item 8
Identification and Classification of Members of the Group
Not applicable
Item 9
Notice of Dissolution of Group
Not applicable
Item 10
Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or influencing
the control of the issuer of such securities and were not
acquired in connection with or as a participant in any
transaction having such purposes or effect.
Page 5 of 6
<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.
October 5, 1998
EnTrust Capital Inc.
/s/ Richard I. Ellenbogen
------------------------------------------
Name: Richard I. Ellenbogen
Title: Vice President & General Counsel
Page 6 of 6
