FARALLON CAPITAL MANAGEMENT LLC
SC 13G/A, 2000-02-01
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<PAGE>

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                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                  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

                               (Amendment No. 1)1

                          Chastain Capital Corporation
                                (Name of Issuer)

                          Common Stock, par value $0.01
                         (Title of Class of Securities)

                                    161697107
                                 (CUSIP Number)

                                February 1, 2000
             (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)


- -------------------------
     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>

                                      13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Farallon Capital Partners, L.P.
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0.0% of the class of securities.
            The reporting person on this cover page, however, is a beneficial
            owner only of the securities reported by it on this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         California
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*                                             [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         PN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 2 of 27 Pages
<PAGE>


                                       13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Farallon Capital Institutional Partners, L.P.
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0.0% of the class of securities.
            The reporting person on this cover page, however, is a beneficial
            owner only of the securities reported by it on this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         California
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*                                             [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         PN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 3 of 27 Pages
<PAGE>


                                       13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Farallon Capital Institutional Partners II, L.P.
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0.0% of the class of securities.
            The reporting person on this cover page, however, is a beneficial
            owner only of the securities reported by it on this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         California
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*                                             [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         PN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 4 of 27 Pages
<PAGE>


                                       13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Farallon Capital Institutional Partners III, L.P.
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0.0% of the class of securities.
            The reporting person on this cover page, however, is a beneficial
            owner only of the securities reported by it on this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         Delaware
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*                                             [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         PN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 5 of 27 Pages
<PAGE>


                                       13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Tinicum Partners, L.P.
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0.0% of the class of securities.
            The reporting person on this cover page, however, is a beneficial
            owner only of the securities reported by it on this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         New York
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*                                             [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         PN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 6 of 27 Pages
<PAGE>


                                       13G
===============================
CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Farallon Capital (CP) Investors, L.P.
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0.0% of the class of securities.
            The reporting person on this cover page, however, is a beneficial
            owner only of the securities reported by it on this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         Cayman Islands
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ----------------------=========================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*
                                                                     [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         PN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 7 of 27 Pages
<PAGE>


                                      13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Farallon Capital Management, L.L.C.
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0% of the class of securities.
            The reporting person on this cover page, however,  may be
            deemed a beneficial owner only of the securities reported by it on
            this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         Delaware
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*
                                                                     [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         IA, OO
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 8 of 27 Pages
<PAGE>


                                       13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Farallon Partners, L.L.C.
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0% of the class of securities.
            The reporting person on this cover page, however,  may be
            deemed a beneficial owner only of the securities reported by it on
            this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         Delaware
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*
                                                                     [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         OO
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 9 of 27 Pages
<PAGE>


                                       13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Enrique H. Boilini
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0% of the class of securities.
            The reporting person on this cover page, however,  may be
            deemed a beneficial owner only of the securities reported by it on
            this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         Argentina
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*
                                                                     [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                              Page 10 of 27 Pages
<PAGE>


                                       13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         David I. Cohen
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0% of the class of securities.
            The reporting person on this cover page, however,  may be
            deemed a beneficial owner only of the securities reported by it on
            this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         South Africa
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*
                                                                     [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                              Page 11 of 27 Pages
<PAGE>


                                       13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Joseph F. Downes
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0% of the class of securities.
            The reporting person on this cover page, however,  may be
            deemed a beneficial owner only of the securities reported by it on
            this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*
                                                                     [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                              Page 12 of 27 Pages
<PAGE>


                                       13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         William F. Duhamel
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0% of the class of securities.
            The reporting person on this cover page, however,  may be
            deemed a beneficial owner only of the securities reported by it on
            this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*
                                                                     [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                              Page 13 of 27 Pages
<PAGE>


                                       13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Fleur E. Fairman
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0% of the class of securities.
            The reporting person on this cover page, however,  may be
            deemed a beneficial owner only of the securities reported by it on
            this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*
                                                                     [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                              Page 14 of 27 Pages
<PAGE>


                                       13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Jason M. Fish
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0% of the class of securities.
            The reporting person on this cover page, however,  may be
            deemed a beneficial owner only of the securities reported by it on
            this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*
                                                                     [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                              Page 15 of 27 Pages
<PAGE>


                                       13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Andrew B. Fremder
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0% of the class of securities.
            The reporting person on this cover page, however,  may be
            deemed a beneficial owner only of the securities reported by it on
            this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*
                                                                     [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                              Page 16 of 27 Pages
<PAGE>

                                      13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Richard B. Fried
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0% of the class of securities.
            The reporting person on this cover page, however,  may be
            deemed a beneficial owner only of the securities reported by it on
            this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*
                                                                     [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                              Page 17 of 27 Pages
<PAGE>


                                       13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         William F. Mellin
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0% of the class of securities.
            The reporting person on this cover page, however,  may be
            deemed a beneficial owner only of the securities reported by it on
            this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*
                                                                     [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                              Page 18 of 27 Pages
<PAGE>


                                       13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Stephen L. Millham
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0% of the class of securities.
            The reporting person on this cover page, however,  may be
            deemed a beneficial owner only of the securities reported by it on
            this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*
                                                                     [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                              Page 19 of 27 Pages
<PAGE>


                                       13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Meridee A. Moore
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0% of the class of securities.
            The reporting person on this cover page, however,  may be
            deemed a beneficial owner only of the securities reported by it on
            this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*
                                                                     [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                              Page 20 of 27 Pages
<PAGE>


                                       13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Thomas F. Steyer
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0% of the class of securities.
            The reporting person on this cover page, however,  may be
            deemed a beneficial owner only of the securities reported by it on
            this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*
                                                                     [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                              Page 21 of 27 Pages
<PAGE>

                                      13G
===============================
 CUSIP No. 161697107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Mark C. Wehrly
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [   ]

                                                                 (b) [ X ] **
         ** The reporting  persons  making this filing hold an aggregate of 0
            Shares, which is 0% of the class of securities.
            The reporting person on this cover page, however,  may be
            deemed a beneficial owner only of the securities reported by it on
            this cover page.
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      5   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     6   SHARED VOTING POWER

   OWNED BY           -0-
                ------=========================================================
     EACH         7   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH     8   SHARED DISPOSITIVE POWER

                      -0-
- ---------======================================================================
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         -0-
- ---------======================================================================
   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*
                                                                     [   ]

- ---------======================================================================
   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.0%
- ---------======================================================================
   12    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                              Page 22 of 27 Pages
<PAGE>


     This  Amendment  No. 1 to Schedule 13G amends the  Schedule  13G  initially
filed on July 1, 1999 (collectively,  with all amendments thereto, the "Schedule
13G")2.

Item 1. Issuer

     (a) Name of Issuer:

         Chastain Capital Corporation (the "Company")


     (b) Address of Issuer's Principal Executive Offices:

         3424 Peachtree Road N.E., Suite 800, Atlanta, Georgia 30326

Item 2. Identity And Background.

     Title Of Class Of Securities And CUSIP Number (Item 2(d) and (e))

     This  statement  relates to Shares of Common  Stock,  par value  $0.01 (the
"Shares") of the Company. The CUSIP number of the Shares is 161697107.

     Name  Of  Persons  Filing,   Address  Of  Principal   Business  Office  And
     Citizenship (Item 2(a), (b) and (c))

     This  statement is filed by the entities and persons  listed below,  all of
whom together are referred to herein as the "Reporting Persons."

     The Partnerships

            (i)   Farallon  Capital   Partners,   L.P.,  a  California   limited
                  partnership ("FCP"), with respect to the Shares held by it;

            (ii)  Farallon Capital  Institutional  Partners,  L.P., a California
                  limited partnership ("FCIP"),  with respect to the Shares held
                  by it;

            (iii) Farallon Capital Institutional Partners II, L.P., a California
                  limited  partnership  ("FCIP II"),  with respect to the Shares
                  held by it;

            (iv)  Farallon Capital Institutional  Partners III, L.P., a Delaware
                  limited  partnership  ("FCIP III"), with respect to the Shares
                  held by it;

             (v)  Tinicum  Partners,   L.P.,  a  New  York  limited  partnership
                  ("Tinicum"), with respect to the Shares held by it; and

- ------------------------
     2 The  original  Schedule  13G  was  filed  under  CIK #  0001012168.  This
amendment was filed under CIK # 0000909661.

                              Page 23 of 27 Pages
<PAGE>


            (vi)  Farallon  Capital  (CP)  Investors,  L.P.,  a  Cayman  Islands
                  limited  partnership  ("FCCP") with respect to the Shares held
                  by it.


     FCP,  FCIP,  FCIP II, FCIP III,  Tinicum and FCCP are together  referred to
herein as the "Partnerships."

      The Management Company

            (vii) Farallon  Capital  Management,   L.L.C.,  a  Delaware  limited
                  liability company (the "Management Company"),  with respect to
                  the Shares held by certain  accounts managed by the Management
                  Company (the "Managed Accounts")3.

      The General Partner Of The Partnerships

            (viii)Farallon  Partners,   L.L.C.,  a  Delaware  limited  liability
                  company   which  is  the  general   partner  of  each  of  the
                  Partnerships  (the  "General  Partner"),  with  respect to the
                  Shares held by each of the Partnerships.

      The Managing Members Of The General Partner And The Management Company

            (ix)  The  following  twelve  persons who  are  managing  members of
                  both the General  Partner and  the  Management  Company,  with
                  respect  to the  Shares  held  by  the  Partnerships  and  the
                  Managed Accounts:  Enrique H. Boilini  ("Boilini"),  David  I.
                  Cohen  ("Cohen"),  Joseph  F.  Downes  ("Downes"),  William F.
                  Duhamel  ("Duhamel"),  Jason  M.  Fish  ("Fish"),  Andrew   B.
                  Fremder ("Fremder"),  Richard  B. Fried ("Fried"),  William F.
                  Mellin ("Mellin"),  Stephen  L. Millham  ("Millham"),  Meridee
                  A. Moore ("Moore"),  Thomas  F. Steyer ("Steyer")  and Mark C.
                  Wehrly ("Wehrly"); and

            (x)   the thirteenth  managing member of the General Partner,  Fleur
                  E. Fairman ("Fairman"), with respect to the Shares held by the
                  Partnerships.

     Boilini,  Cohen, Downes,  Duhamel,  Fairman, Fish, Fremder,  Fried, Mellin,
Millham,  Moore,  Steyer  and  Wehrly  are  together  referred  to herein as the
"Individual Reporting Persons."

     The  citizenship of each of the  Partnerships,  the General Partner and the
Management Company is set forth above. Each of the Individual  Reporting Persons
is a  United  States  citizen


- --------------------------
     3 Of the Shares reported by the Management Company on behalf of the Managed
Accounts,  0 Shares (equal to  approximately  0.0% of the total Shares currently
outstanding)  are  held by The  Absolute  Return  Fund  of The  Common  Fund,  a
non-profit  corporation whose principal address is 450 Post Road East, Westport,
Connecticut 06881.

                              Page 24 of 27 Pages
<PAGE>

other than (i) Enrique H. Boilini who is an  Argentinean  citizen and (ii) David
I. Cohen who is a South African citizen.

     The  address  of the  principal  business  office of each of the  Reporting
Persons other than FCCP and Enrique Boilini is c/o Farallon Capital  Management,
L.L.C.,  One Maritime Plaza,  Suite 1325, San Francisco,  California  94111. The
address of FCCP is c/o W.S  Walker & company,  P.O.  Box 265 GT,  Walker  House,
Grand  Cayman,  Grand Cayman  Islands and c/o  Farallon  Partners,  L.L.C.,  One
Maritime  Plaza,  Suite 1325, San Francisco,  California  94111.  The address of
Enrique Boilini is c/o Farallon Capital Management,  L.L.C., 75 Holly Hill Lane,
Greenwich, Connecticut 06830.

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 An Entity Specified In (a)-(j):

          Not Applicable.

     If This Statement Is Filed Pursuant To Rule 13d-1(c), Check This Box. [ X ]

Item 4. Ownership

     The  information  required  by  Items  4(a) - (c) and set  forth  in Rows 5
through 11 of the cover page for each  Reporting  Person hereto is  incorporated
herein by reference for each such Reporting Person.

     The Shares reported hereby for the  Partnerships  are owned directly by the
Partnerships  and those  reported  by the  Management  Company  on behalf of the
Managed  Accounts  are owned  directly  by the  Managed  Accounts.  The  General
Partner,  as  general  partner  to the  Partnerships,  may be  deemed  to be the
beneficial  owner of all such Shares owned by the  Partnerships.  The Management
Company, as investment adviser to the Managed Accounts,  may be deemed to be the
beneficial  owner of all such Shares owned by the Managed  Accounts.  The twelve
Individual  Reporting  Persons  who are  managing  members  of both the  General
Partner and the Management Company may each be deemed to be the beneficial owner
of all such Shares held by the Partnerships and the Managed  Accounts.  Fairman,
as a  managing  member  of only the  General  Partner,  may be  deemed to be the
beneficial  owner  of all  such  Shares  held by the  Partnerships.  Each of the
Management  Company,  the General Partner and the Individual  Reporting  Persons
hereby disclaims any beneficial ownership of any such Shares.

Item 5. Ownership Of Five Percent Or Less Of A Class

          If this  statement is being filed to report the fact that, on the date
          hereof,  the Reporting  Persons are not the deemed beneficial owner of
          more than five percent of the class of securities, check the following
          [ X ].

Item 6. Ownership Of More Than Five Percent On Behalf Of Another Person

          Not Applicable.


                              Page 25 of 27 Pages
<PAGE>

Item 7. Identification  And Classification Of The Subsidiary Which Acquired The
        Security Being Reported On By The Parent Holding Company

          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 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 26 of 27 Pages
<PAGE>


                                   SIGNATURES

     After reasonable  inquiry and to the best of our knowledge and belief,  the
undersigned  certify that the  information  set forth in this statement is true,
complete and correct.

Dated: February 1, 2000


                    /s/ Thomas F. Steyer
                    ----------------------------------------
                    FARALLON PARTNERS, L.L.C.,
                    on its own behalf and as General Partner of
                    FARALLON CAPITAL PARTNERS, L.P.,
                    FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
                    FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
                    FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
                    TINICUM PARTNERS, L.P.,
                    And FARALLON CAPITAL (CP) INVESTORS, L.P.
                    By Thomas F. Steyer,
                    Senior Managing Member


                    /s/ Thomas F. Steyer
                    ----------------------------------------
                    FARALLON CAPITAL MANAGEMENT, L.L.C.,
                    By Thomas F. Steyer,
                    Senior Managing Member

                    /s/ Thomas F. Steyer
                    ----------------------------------------
                    Thomas F. Steyer, individually and as
                    attorney-in-fact for each of Enrique H. Boilini,
                    David I. Cohen, Joseph F. Downes, William F. Duhamel,
                    Fleur E. Fairman, Jason M. Fish, Andrew B. Fremder,
                    Richard B. Fried, William F. Mellin, Stephen L. Millham,
                    Meridee A. Moore and Mark C. Wehrly.

     The Powers of Attorney,  each executed by Boilini,  Cohen, Downes, Fairman,
Fish,  Fremder,  Mellin,  Millham and Moore authorizing  Steyer to sign and file
this Schedule 13G on each person's behalf, which were filed with Amendment No. 1
to the  Schedule  13D filed  with the  Securities  and  Exchange  Commission  on
September 26, 1997, by such  Reporting  Persons with respect to the Common Stock
of Sphere Drake Holdings  Limited,  are hereby  incorporated  by reference.  The
Powers of Attorney executed by Duhamel and Fried authorizing  Steyer to sign and
file this Schedule 13G on each person's behalf,  which were filed with Amendment
No. 1 to the Schedule 13D filed with the Securities  and Exchange  Commission on
January 13, 1999, by such Reporting Persons with respect to the Callable Class A
Common  Shares  of  CliniChem  Development  Inc.,  are  hereby  incorporated  by
reference.  The Power of Attorney executed by Mark C. Wehrly  authorizing Steyer
to sign and file this Schedule 13G on his behalf, which was filed with Amendment
No. 4 to the Schedule 13D filed with the Securities  and Exchange  Commission on
January 18, 2000,  by such  Reporting  Person with respect to the Class A Common
Stock of  Momentum  Business  Applications,  Inc.,  is  hereby  incorporated  by
reference.


                              Page 27 of 27 Pages



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