GOLDMAN SACHS GROUP LP
SC 13D/A, 1998-04-23
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<PAGE>





                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934
                                 Amendment No.1

                          Polo Ralph Lauren Corporation
- - -----------------------------------------------------------------------------
                                (Name of Issuer)


                 Class A Common Stock, par value $0.01 per share
- - -----------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    731572103
             -------------------------------------------------------
                                 (CUSIP Number)

                            David J. Greenwald, Esq.
                              Goldman, Sachs & Co.
                                 85 Broad Street
                            New York, New York 10004
                                 (212) 902-1000
             -------------------------------------------------------
            (Name, Address and Telephone Number of Person Authorized
                     to Receive Notices and Communications)

                                  April 14, 1998
             -------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)


If the filing person has previously  filed a statement on Schedule 13G to report
the  acquisition  which is the subject of this  Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].

Note: Six copies of this statement, including all exhibits, should be filed
with the  Commission.  See Rule  13d-1(a) for other  parties to whom copies are
to be sent.

*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
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 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>
                          SCHEDULE 13D

CUSIP No. 731572103                          Page 2 of 16 Pages

1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS

      THE GOLDMAN SACHS GROUP, L.P.

2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a)  [ ]
                                                         (b)  [ ]

3   SEC USE ONLY

4   SOURCE OF FUNDS*

      AF-00

5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
    PURSUANT TO ITEMS 2(d) or 2(e)                           [ ]

6   CITIZENSHIP OR PLACE OF ORGANIZATION

      DELAWARE

  NUMBER OF      7  SOLE VOTING POWER

   SHARES             0

 BENEFICIALLY    8  SHARED VOTING POWER

OWNED BY EACH         23,122,414

 REPORTING       9  SOLE DISPOSITIVE POWER

PERSON WITH           0

                10  SHARED DISPOSITIVE POWER

                      23,122,414

11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      23,122,414

12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)             [ ]
    EXCLUDES CERTAIN SHARES*

13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

      40.6% (23.1% of  outstanding  shares of Class A Common Stock  assuming all
      outstanding  shares of Class B Common  Stock and Class C Common  Stock are
      converted into shares of Class A Common Stock)

14  TYPE OF REPORTING PERSON*

      HC-PN


                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
        INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
   (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.

<PAGE>
                          SCHEDULE 13D

CUSIP No. 731572103                          Page 3 of 16 Pages

1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      GOLDMAN, SACHS & CO.

2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a)  [ ]
                                                         (b)  [ ]

3   SEC USE ONLY

4   SOURCE OF FUNDS*

      AF-00

5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
    PURSUANT TO ITEMS 2(d) or 2(e)                           [x]

6   CITIZENSHIP OR PLACE OF ORGANIZATION

      NEW YORK

  NUMBER OF      7  SOLE VOTING POWER

   SHARES             0

 BENEFICIALLY    8  SHARED VOTING POWER

OWNED BY EACH         23,122,414

 REPORTING       9  SOLE DISPOSITIVE POWER

PERSON WITH           0

                10  SHARED DISPOSITIVE POWER

                      23,122,414

11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      23,122,414

12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)             [ ]
    EXCLUDES CERTAIN SHARES*

13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

      40.6% (23.1% of  outstanding  shares of Class A Common Stock  assuming all
      outstanding  shares of Class B Common  Stock and Class C Common  Stock are
      converted into shares of Class A Common Stock)

14  TYPE OF REPORTING PERSON*

      BD-PN-IA


                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
        INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
   (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.

<PAGE>
                          SCHEDULE 13D

CUSIP No. 731572103                          Page 4 of 16 Pages

1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      GS CAPITAL PARTNERS, L.P.

2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a)  [ ]
                                                         (b)  [ ]

3   SEC USE ONLY

4   SOURCE OF FUNDS*

      WC

5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
    PURSUANT TO ITEMS 2(d) or 2(e)                           [ ]

6   CITIZENSHIP OR PLACE OF ORGANIZATION

      DELAWARE

  NUMBER OF      7  SOLE VOTING POWER

   SHARES             0

 BENEFICIALLY    8  SHARED VOTING POWER

OWNED BY EACH         21,458,715

 REPORTING       9  SOLE DISPOSITIVE POWER

PERSON WITH           0

                10  SHARED DISPOSITIVE POWER

                      21,458,715

11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      21,458,715

12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)             [ ]
    EXCLUDES CERTAIN SHARES*

13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

      38.5% (21.4% of  outstanding  shares of Class A Common Stock  assuming all
      outstanding  shares of Class B Common  Stock and Class C Common  Stock are
      converted into shares of Class A Common Stock)

14  TYPE OF REPORTING PERSON*

      PN


                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
        INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
   (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.

<PAGE>
                          SCHEDULE 13D

CUSIP No. 731572103                          Page 5 of 16 Pages

1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      GS ADVISORS, L.P.

2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a)  [ ]
                                                         (b)  [ ]

3   SEC USE ONLY

4   SOURCE OF FUNDS*

      AF

5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
    PURSUANT TO ITEMS 2(d) or 2(e)                           [ ]

6   CITIZENSHIP OR PLACE OF ORGANIZATION

      DELAWARE

  NUMBER OF      7  SOLE VOTING POWER

   SHARES             0

 BENEFICIALLY    8  SHARED VOTING POWER

OWNED BY EACH         21,458,715

 REPORTING       9  SOLE DISPOSITIVE POWER

PERSON WITH           0

                10  SHARED DISPOSITIVE POWER

                      21,458,715

11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      21,458,715

12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)             [ ]
    EXCLUDES CERTAIN SHARES*

13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

      38.5% (21.4% of  outstanding  shares of Class A Common Stock  assuming all
      outstanding  shares of Class B Common  Stock and Class C Common  Stock are
      converted into shares of Class A Common Stock)

14  TYPE OF REPORTING PERSON*

      PN


                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
        INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
   (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.

<PAGE>
                          SCHEDULE 13D

CUSIP No. 731572103                          Page 6 of 16 Pages

1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      STONE STREET FUND 1994, L.P.

2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a)  [ ]
                                                         (b)  [ ]

3   SEC USE ONLY

4   SOURCE OF FUNDS*

      WC

5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
    PURSUANT TO ITEMS 2(d) or 2(e)                           [ ]

6   CITIZENSHIP OR PLACE OF ORGANIZATION

      DELAWARE

  NUMBER OF      7  SOLE VOTING POWER

   SHARES             0

 BENEFICIALLY    8  SHARED VOTING POWER

OWNED BY EACH         616,607

 REPORTING       9  SOLE DISPOSITIVE POWER

PERSON WITH           0

                10  SHARED DISPOSITIVE POWER

                      616,607

11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      616,607

12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)             [ ]
    EXCLUDES CERTAIN SHARES*

13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

      1.8% (.62% of  outstanding  shares of Class A Common  Stock  assuming  all
      outstanding  shares of Class B Common  Stock and Class C Common  Stock are
      converted into shares of Class A Common Stock)

14  TYPE OF REPORTING PERSON*

      PN


                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
        INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
   (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.

<PAGE>
                          SCHEDULE 13D

CUSIP No. 731572103                          Page 7 of 16 Pages

1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      BRIDGE STREET FUND 1994, L.P.

2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a)  [ ]
                                                         (b)  [ ]

3   SEC USE ONLY

4   SOURCE OF FUNDS*

      WC

5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
    PURSUANT TO ITEMS 2(d) or 2(e)                           [ ]

6   CITIZENSHIP OR PLACE OF ORGANIZATION

      DELAWARE

  NUMBER OF      7  SOLE VOTING POWER

   SHARES             0

 BENEFICIALLY    8  SHARED VOTING POWER

OWNED BY EACH         645,657

 REPORTING       9  SOLE DISPOSITIVE POWER

PERSON WITH           0

                10  SHARED DISPOSITIVE POWER

                      645,657

11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      645,657

12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)             [ ]
    EXCLUDES CERTAIN SHARES*

13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

      1.9% (.64% of  outstanding  shares of Class A Common  Stock  assuming  all
      outstanding  shares of Class B Common  Stock and Class C Common  Stock are
      converted into shares of Class A Common Stock)

14  TYPE OF REPORTING PERSON*

      PN


                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
        INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
   (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.

<PAGE>
                          SCHEDULE 13D

CUSIP No. 731572103                          Page 8 of 16 Pages

1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      STONE STREET FUNDING CORP.

2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a)  [ ]
                                                         (b)  [ ]

3   SEC USE ONLY

4   SOURCE OF FUNDS*

      AF

5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
    PURSUANT TO ITEMS 2(d) or 2(e)                           [ ]

6   CITIZENSHIP OR PLACE OF ORGANIZATION

      DELAWARE

  NUMBER OF      7  SOLE VOTING POWER

   SHARES             0

 BENEFICIALLY    8  SHARED VOTING POWER

OWNED BY EACH         1,262,264

 REPORTING       9  SOLE DISPOSITIVE POWER

PERSON WITH           0

                10  SHARED DISPOSITIVE POWER

                      1,262,264

11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      1,262,264

12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)             [ ]
    EXCLUDES CERTAIN SHARES*

13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

      3.6% (1.3% of  outstanding  shares of Class A Common  Stock  assuming  all
      outstanding  shares of Class B Common  Stock and Class C Common  Stock are
      converted into shares of Class A Common Stock)

14  TYPE OF REPORTING PERSON*

      CO


                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
        INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
   (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.

<PAGE>
                         AMENDMENT NO. 1 TO SCHEDULE 13D
                     RELATING TO THE CLASS A COMMON STOCK OF
                         POLO RALPH LAUREN CORPORATION

     GS  Capital  Partners,   L.P.  ("GS  Capital"),   GS  Advisors,  L.P.  ("GS
Advisors"),  Stone Street Fund 1994, L.P. ("Stone  Street"),  Bridge Street Fund
1994, L.P.  ("Bridge Street" and together with GS Capital and Stone Street,  the
"Limited Partnerships"),  Stone Street Funding Corp. ("Funding Corp."), Goldman,
Sachs & Co. ("Goldman Sachs") and The Goldman Sachs Group, L.P. ("GS Group" and,
together  with  Goldman  Sachs,  GS  Advisors,  Funding  Corp.  and the  Limited
Partnerships,  the "Filing Persons")./1/ hereby amend this statement on Schedule
13D filed with  respect to the Class A Common  Stock,  $0.01 par value per share
(the  "Class A Common  Stock"),  of Polo Ralph  Lauren  Corporation,  a Delaware
corporation  (the  "Company").  Goldman  Sachs and GS Group may be  deemed,  for
purposes of this Statement,  to beneficially  own shares of Class A Common Stock
through the Limited Partnerships. The Limited Partnerships own shares of Class C
Common Stock, which is convertible into shares of Class A Common Stock.  Goldman
Sachs and GS Group  each  disclaims  beneficial  ownership  of shares of Class A
Common Stock  beneficially  owned by the Limited  Partnerships  to the extent of
partnership  interests in the Limited  Partnerships  held by persons  other than
Goldman Sachs, GS Group or their affiliates.  In addition,  Goldman Sachs and GS
Group may be deemed to  beneficially  own shares of Class A Common Stock held in
client  accounts  with  respect to which  Goldman  Sachs or employees of Goldman
Sachs  have  voting or  investment  discretion,  or both  ("Managed  Accounts").
Goldman Sachs and GS Group disclaim beneficial  ownership of the shares of Class
A Common Stock held in Managed Accounts.  Goldman Sachs and GS Group may also be
deemed to beneficially  own from time to time shares acquired in ordinary course
trading activities by Goldman Sachs. Unless otherwise indicated, all capitalized
terms used but not defined  herein shall have the same meaning  ascribed to them
in the Schedule 13D.

     This amendment is being filed to report a decrease in the percentage of the
outstanding  shares of Common Stock which may be deemed to be beneficially owned
by certain  of the Filing  Persons  resulting  from a decrease  in the number of
shares held in Managed Accounts.

     /1/ Neither the  present  filing nor  anything  contained  herein  shall be
construed as an admission that any Filing Person  constitutes a "person" for any
purposes other than Section 13(d) of the Securities Exchange Act of 1934.

<PAGE>
          ITEM 2 is hereby amended as follows:

ITEM 2.   Identity and Background.
          -----------------------

     ITEM 2 is hereby  amended by amending  Schedules  II-A and II-B hereto,  to
read in their entirety as attached hereto.


          ITEM 5 is hereby amended as follows:

ITEM 5.   Interest in Securities of the Issuer.
          ------------------------------------

     (a) As of April 17, 1998, GS Capital  beneficially  owned, and GS Advisors,
L.P.  may be deemed to have  beneficially  owned,  21,458,715  shares of Class A
Common Stock,  representing  approximately  38.5% of the  outstanding  shares of
Class A Common  Stock  reported to be  outstanding  as of February  10, 1998 (as
reported in the  Company's  Quarterly  Report on Form 10-Q for the period  ended
December 27, 1997),  assuming that all of GS Capital's  shares of Class C Common
Stock but no other shares of Class C Common Stock were  converted into shares of
Class A Common.  Assuming  all  outstanding  shares of Class B Common  Stock and
Class C Common  Stock were  converted  into shares of Class A Common  Stock,  GS
Capital would have beneficially owned, as of April 17, 1998, approximately 21.4%
of the outstanding shares of Class A Common Stock.

         As of April 17, 1998, Stone Street beneficially owned 616,607 shares of
Class A Common Stock, representing  approximately 1.8% of the outstanding shares
of Class A Common Stock  reported to be  outstanding as of February 10, 1998 (as
reported in the  Company's  Quarterly  Report on Form 10-Q for the period  ended
December 27, 1997), assuming that all of Stone Street's shares of Class C Common
Stock but no other shares of Class C Common Stock were  converted into shares of
Class A Common.  Assuming  all  outstanding  shares of Class B Common  Stock and
Class C Common Stock were converted  into shares of Class A Common Stock,  Stone
Street would have beneficially  owned, as of April 17, 1998,  approximately .62%
of the outstanding shares of Class A Common Stock.

     As of April 17, 1998,  Bridge Street  beneficially  owned 645,657 shares of
Class A Common Stock, reperesenting approximately 1.9% of the outstanding shares
of Class A Common Stock  reported to be  outstanding as of February 10, 1998 (as
reported in the  Company's  Quarterly  Report on Form 10-Q for the period  ended
December  27,  1997),  assuming  that all of Bridge  Street's  shares of Class C
Common  Stock but no other shares of Class C Common  Stock were  converted  into
shares  of Class A Common.  Assuming  all  outstanding  shares of Class B Common
Stock and Class C Common  Stock  were  converted  into  shares of Class A Common
Stock,  Bridge  Street  would have  beneficially  owned,  as of April 17,  1998,
approximately .64% of the outstanding shares of Class A Common Stock.

     As of April 17, 1998, Funding Corp., as the general partner of Stone Street
and the  managing  general  partner  of  Bridge  Street,  may be  deemed to have
beneficially  owned 1,262,264 shares of Class A Common Stock  beneficially owned
by Stone  Street  and  Bridge  Street,  representing  approximately  3.6% of the
outstanding  shares of Class A Common  Stock  reported to be  outstanding  as of
February 10, 1998 (as reported in the  Company's  Quarterly  Report on Form 10-Q
for the period ended December 27, 1997), assuming that all of Stone Street's and
Bridge  Street's  shares of Class C Common  Stock but no other shares of Class C
Common Stock were  converted  into shares of Class A Common.  Assuming  that all
outstanding  shares  of Class B Common  Stock  and  Class C  Common  Stock  were
converted into shares of Class A Common Stock,  Funding Corp. would be deemed to
have  beneficially  owned,  as of  April  17,  1998,  approximately  1.3% of the
outstanding shares of Class A Common Stock.

<PAGE>
     As of April  17,  1998,  Goldman  Sachs  and GS Group may be deemed to have
beneficially owned 22,720,979 shares of Class A Common Stock which may be deemed
to have been beneficially owned by the Limited Partnerships as herein described.
In addition, as of April 17, 1998, Goldman Sachs and GS Group beneficially owned
1,000  shares  of Class A Common  Stock  acquired  in  ordinary  course  trading
activities, and may be deemed to have beneficially owned 400,435 shares of Class
A Common Stock held in the Managed Accounts.  Accordingly, as of April 17, 1998,
Goldman  Sachs  and  GS  Group  may  be  deemed  to  have   beneficially   owned
approximately  40.6%  of the  shares  of  Class A Common  Stock  reported  to be
outstanding  as of February  10, 1998 (as  reported in the  Company's  Quarterly
Report on Form 10-Q for the period ended  December 27, 1997),  assuming that all
of the shares of Class C Common  Stock  owned by the Limited  Partnerships  were
converted into shares of Class A Common. Assuming that all outstanding shares of
Class B Common  Stock and Class C Common  Stock were  converted  into  shares of
Class A Common  Stock,  Goldman  Sachs  and GS Group  would  be  deemed  to have
beneficially owned, as of April 17, 1998, approximately 23.1% of the outstanding
shares of Class A Common Stock.

         Goldman  Sachs and GS Group  disclaim  beneficial  ownership of (i) the
shares of Class A Common Stock beneficially owned by the Limited Partnerships to
the extent of partnership  interests in the Limited Partnerships held by persons
other than Goldman  Sachs,  GS Group or their  affiliates and (ii) the shares of
Class A Common Stock held in Managed Accounts.

     None of the  Filing  Persons  or,  to the  knowledge  of any of the  Filing
Persons,  any of the  persons  listed  on  Schedules  I,  II-A or  II-B  hereto,
beneficially  owned any shares of Common Stock as of April 17, 1998,  other than
as set forth herein.

     (b) Each Filing  Person  shares the power to vote or direct the vote and to
dispose  or to direct the  disposition  of shares of Common  Stock  beneficially
owned by such Filing Person as indicated in pages 2 through 8 above.

     (c) Schedule IV sets forth  transactions  in the Class A Common Stock which
have been  effected  during the period from  February 13, 1998 through April 17,
1998,  all of which were effected in the ordinary  course of business of Goldman
Sachs. The  transactions in the Class A Common Stock,  described in Schedule IV,
were effected on the New York Stock Exchange, the Chicago Stock Exchange, and in
the over-the-counter market. There were no purchases in the Class A Common Stock
effected during this period.

     Except as set forth on Schedule IV, no  transactions  in the Class A Common
Stock were effected by Filing  Persons or, to the knowledge of any of the Filing
Persons,  any of the persons listed on Schedules I, II-A or II-B hereto,  during
the period from February 13, 1998 through April 17, 1998.

     (d) Except for  clients of Goldman  Sachs who may have the right to receive
or the power to direct the receipt of dividends  from,  or the proceeds from the
sale of, any shares of Common Stock held in Managed Accounts, no other person is
known by any  Filing  Person to have the right to receive or the power to direct
the receipt of dividends  from,  or the proceeds from the sale of, any shares of
Common Stock beneficially owned by any Filing Person.

<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.


  April 23, 1998


                                     GOLDMAN, SACHS & CO.

                                     By: /s/ Richard A. Friedman
                                         ---------------------------
                                     Name: Richard A. Friedman
                                     Title: Managing Director


                                     THE GOLDMAN SACHS GROUP, L.P.
                                     By: The Goldman Sachs Corporation,
                                         its general partner

                                     By: /s/ Richard A. Friedman
                                         ----------------------------
                                     Name: Richard A. Friedman
                                     Title: Executive Vice President


                                     GS ADVISORS, L.P.
                                     By: GS Advisors, Inc., its general partner

                                     By: /s/ Richard A. Friedman
                                         ----------------------------
                                     Name: Richard A. Friedman
                                     Title: President


                                     GS CAPITAL PARTNERS, L.P.
                                     By: GS Advisors, L.P., its general partner
                                     By: GS Advisors, Inc., its general partner

                                     By: /s/ Richard A. Friedman
                                         ----------------------------
                                     Name: Richard A. Friedman
                                     Title: President


                                     STONE STREET FUND 1994, L.P.
                                     By: Stone Street Funding Corp.,
                                         its general partner

                                     By: /s/ Richard A. Friedman
                                         ----------------------------
                                     Name: Richard A. Friedman
                                     Title: Vice President


                                     BRIDGE STREET FUND 1994, L.P.
                                     By: Stone Street Funding Corp.,
                                         its managing general partner

                                     By: /s/ Richard A. Friedman
                                         ---------------------------
                                     Name: Richard A. Friedman
                                     Title: Vice President


                                     STONE STREET FUNDING CORP.

                                     By: /s/ Richard A. Friedman
                                         ---------------------------
                                     Name: Richard A. Friedman
                                     Title: Vice President

<PAGE>
                                  SCHEDULE II-A
                                  -------------


     The name,  position and present  principal  occupation of each director and
executive officer of GS Advisors, Inc., the sole general partner of GS Advisors,
L.P.,  which is the sole general partner of GS Capital  Partners,  L.P., are set
forth below.

     The business  address for all the executive  officers and directors  listed
below except Henry  Cornell and Barry S. Volpert is 85 Broad  Street,  New York,
New York 10004.  The business  address of Henry  Cornell is 3 Garden Road,  Hong
Kong. The business address of Barry S. Volpert is 133 Fleet Street,  London EC4A
2BB, England.

     All  executive  officers  and  directors  listed  below are  United  States
citizens.

<TABLE>
<CAPTION>
                                                                    Present Principal
Name                              Position                              Occupation
- ----------------------------------------------------------------------------------


<S>                       <C>                                    <C>
Richard A. Friedman           Director/President                   Managing Director of
                                                                   Goldman, Sachs & Co.

Terence M. O'Toole            Director/Vice President              Managing Director of
                                                                   Goldman, Sachs & Co.

Elizabeth S. Cogan            Treasurer                            Managing Director of
                                                                   Goldman, Sachs & Co.

Joseph H. Gleberman           Director/Vice President              Managing Director of
                                                                   Goldman, Sachs & Co.

Henry Cornell                 Vice President                       Managing Director of
                                                                   Goldman, Sachs (Asia) L.L.C

Barry S. Volpert              Director/Vice President              Managing Director of
                                                                   Goldman Sachs International

Eve M. Gerriets               Vice President/Secretary             Vice President of
                                                                   Goldman, Sachs & Co.

David J. Greenwald            Assistant Secretary                  Vice President of
                                                                   Goldman, Sachs & Co.

C. Douglas Fuge               Assistant Treasurer                  Managing Director of
                                                                   Goldman, Sachs & Co.

Katherine B. Enquist          Vice President                       Vice President of
                                                                   Goldman, Sachs & Co.
</TABLE>
<PAGE>

                                  SCHEDULE II-B
                                  -------------

     The name,  position and present  principal  occupation of each director and
executive  officer of Stone Street  Funding Corp.,  the sole general  partner of
Stone Street Fund 1994,  L.P. and the managing  general partner of Bridge Street
Fund 1994, L.P., are set forth below.

     The  business  address for each of the  executive  officers  and  directors
listed below is 85 Broad Street, New York, New York 10004.

     All  executive  officers  and  directors  listed  below are  United  States
citizens.


<TABLE>
<CAPTION>
                                                                   Present Principal
Name                         Position                                 Occupation
- --------------------------------------------------------------------------------


<S>                         <C>                                  <C>
Richard A. Friedman         Director/Vice President              Managing Director of
                                                                 Goldman, Sachs & Co.

Jeffrey B. Goldenberg       Director/Vice President              Managing Director of
                                                                 Goldman, Sachs & Co.

William J. McMahon          Director/Vice President              Vice President of
                                                                 Goldman, Sachs & Co.

Dinakar Singh               Director/Vice President              Vice President of
                                                                 Goldman, Sachs & Co.

Jonathan L. Kolatch         Director/Vice President              Managing Director of
                                                                 Goldman, Sachs & Co.

Sanjeev K. Mehra            Director/Vice President              Managing Director of
                                                                 Goldman, Sachs & Co.

Eric M. Mindich             Director/Vice President/Treasurer    Managing Director of
                                                                 Goldman, Sachs & Co.

Peter G. Sachs              Director/Vice President              Limited Partner of The
                                                                 Goldman Sachs Group, L.P.

Glenn R. Fuhrman            Director/Vice President              Managing Director of
                                                                 Goldman, Sachs & Co.

Peter M. Sacerdote          Director/Chairman/C.E.O./            Limited Partner of The
                            President                            Goldman Sachs Group, L.P.

David J. Greenwald          Vice President                       Vice President of
                                                                 Goldman, Sachs & Co.

Esta E. Stecher             Vice President                       Managing Director of
                                                                 Goldman, Sachs & Co.

Richard A. Yacenda          Vice President                       Vice President of
                                                                 Goldman, Sachs & Co.

C. Douglas Fuge             Assistant Treasurer                  Managing Director of
                                                                 Goldman, Sachs & Co.

Eve M. Gerriets             Vice President/Secretary             Vice President of
                                                                 Goldman, Sachs & Co.

Katherine B. Enquist        Vice President                       Vice President of
                                                                 Goldman, Sachs & Co.

</TABLE>
<PAGE>
                         SCHEDULE IV
                Polo Ralph Lauren Corporation
                    Cusip No. 731572103

<TABLE>
<CAPTION>

Purchases    Sales      Price        Trade Date     Settlement Date
- -------------------------------------------------------------------
<S>          <C>       <C>            <C>            <C>

               300     28.5625       14-Apr-98       14-Apr-98
               200     29.9460       31-Mar-98        3-Apr-98
               500     29.9460       31-Mar-98        3-Apr-98
               200     29.9460       31-Mar-98        3-Apr-98
               500     29.8125       23-Mar-98       26-Mar-98
             1,000     30.1875       20-Mar-98       25-Mar-98
             1,000     30.1875       20-Mar-98       25-Mar-98
             1,000     30.1875       20-Mar-98       25-Mar-98
             1,000     30.0250       23-Mar-98       26-Mar-98
             2,000     30.1875       20-Mar-98       25-Mar-98
             1,000     29.6250       26-Mar-98       31-Mar-98
             2,000     30.1875       20-Mar-98       25-Mar-98
             1,500     27.5625       16-Apr-98       21-Apr-98
             2,000     30.2500       19-Mar-98       24-Mar-98
             3,000     29.0000       18-Mar-98       23-Mar-98
             2,000     30.3750       23-Mar-98       26-Mar-98
             1,000     30.3125       19-Mar-98       24-Mar-98
             2,000     30.1875       20-Mar-98       25-Mar-98
             1,000     29.7500       31-Mar-98        3-Apr-98
             1,000     29.2500        3-Apr-98        8-Apr-98
             1,000     28.7500        3-Apr-98        7-Apr-98
               500     30.1250       30-Mar-98        2-Apr-98
               700     30.1250       30-Mar-98        2-Apr-98
             1,250     29.6250       17-Mar-98       20-Mar-98
            13,500     29.4020       17-Mar-98       20-Mar-98
             9,000     29.4020       17-Mar-98       20-Mar-98
             1,000     29.4020       17-Mar-98       20-Mar-98
               250     29.4020       17-Mar-98       20-Mar-98
             2,000     29.4020       17-Mar-98       20-Mar-98
               500     29.4020       17-Mar-98       20-Mar-98
             1,000     29.4020       17-Mar-98       20-Mar-98
               500     29.3750       17-Mar-98       20-Mar-98
             2,000     29.5625        6-Apr-98        9-Apr-98
               700     29.1875       17-Mar-98       20-Mar-98
             6,000     29.5625        6-Apr-98        9-Apr-98
               500     29.6250       27-Mar-98        1-Apr-98
             2,160     27.8125       16-Apr-98       21-Apr-98
             4,000     28.0625       15-Apr-98       20-Apr-98
               500     29.3125       17-Mar-98       20-Mar-98
               300     29.0694       17-Mar-98       20-Mar-98
               300     29.0694       17-Mar-98       20-Mar-98
               300     29.0694       17-Mar-98       20-Mar-98
               100     29.0694       17-Mar-98       20-Mar-98
               300     29.0694       17-Mar-98       20-Mar-98
               400     29.0694       17-Mar-98       20-Mar-98
               200     29.0694       17-Mar-98       20-Mar-98
               300     29.0694       17-Mar-98       20-Mar-98
               200     29.0694       17-Mar-98       20-Mar-98
               350     29.0694       17-Mar-98       20-Mar-98
               500     29.0694       17-Mar-98       20-Mar-98
             1,000     29.8750        1-Apr-98        6-Apr-98
               320     30.0625       20-Mar-98       25-Mar-98
               140     29.2500        7-Apr-98       13-Apr-98
             4,500     30.0000       20-Mar-98       25-Mar-98
               250     30.0000       20-Mar-98       25-Mar-98
               500     29.3750        8-Apr-98       14-Apr-98
               500     29.3750       17-Mar-98       20-Mar-98
<PAGE>

Purchases    Sales      Price        Trade Date     Settlement Date
- -------------------------------------------------------------------


             1,000     29.3750       17-Mar-98       20-Mar-98
               150     29.3750       17-Mar-98       20-Mar-98
               200     29.3750       17-Mar-98       20-Mar-98
               500     29.3750       17-Mar-98       20-Mar-98
               500     29.3750       17-Mar-98       20-Mar-98
               300     29.3750       17-Mar-98       20-Mar-98
               500     29.3750       17-Mar-98       20-Mar-98
               200     29.3750       17-Mar-98       20-Mar-98
               200     29.3750       17-Mar-98       20-Mar-98
               200     29.3750       17-Mar-98       20-Mar-98
               750     29.3750       17-Mar-98       20-Mar-98
               500     29.3750       17-Mar-98       20-Mar-98
             1,000     29.3750       17-Mar-98       20-Mar-98
               200     28.1250       15-Apr-98       15-Apr-98
             5,000     29.6875       26-Mar-98       31-Mar-98
               400     29.3750       17-Mar-98       20-Mar-98
               200     30.1250       31-Mar-98        3-Apr-98
               450     29.6250        3-Apr-98        8-Apr-98
               250     29.0000       18-Mar-98       23-Mar-98
               500     30.0000        2-Apr-98        7-Apr-98
               500     30.5000       23-Mar-98       26-Mar-98
               200     30.5000       23-Mar-98       26-Mar-98
               500     30.5000       23-Mar-98       26-Mar-98
               500     30.5000       23-Mar-98       26-Mar-98
               400     30.5000       23-Mar-98       26-Mar-98
               500     30.5000       23-Mar-98       26-Mar-98
               500     30.5000       23-Mar-98       26-Mar-98
             6,000     28.5625       14-Apr-98       17-Apr-98
            14,000     29.0000       18-Mar-98       23-Mar-98
               500     29.6875       30-Mar-98        2-Apr-98
             7,500     29.5625       30-Mar-98        2-Apr-98
             1,500     30.2500       24-Mar-98       27-Mar-98
             5,000     28.5000       14-Apr-98       17-Apr-98
             3,300     28.6875       14-Apr-98       17-Apr-98
             1,700     28.4375       14-Apr-98       17-Apr-98

</TABLE>


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