WARBURG PINCUS INVESTORS LP
SC 13G/A, 1998-02-11
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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-(b) and (c) and
               AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
                 

                               (Amendment No. 1)*
    

                                 TV Filme, Inc.
- -------------------------------------------------------------------------------
                               (Name of Issuer)

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

                                  873071 10 4
- -------------------------------------------------------------------------------
                                (CUSIP Number)


                              ------------------





            *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>


- --------------------------              -----------------------------------
CUSIP No. 873071 10 4           13G      Page      2      of      7        Pages
                                              -----------    -------------      
- --------------------------              -----------------------------------

   

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

        Warburg, Pincus Investors, L.P.
    
        
- --------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)  [   ]
                                                                      (b)  [ X ]


- --------------------------------------------------------------------------------
3       SEC USE ONLY


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

        Delaware
- --------------------------------------------------------------------------------

              5     SOLE VOTING POWER
  NUMBER OF
   SHARES           -0-
BENEFICIALLY
  OWNED BY
    EACH
  REPORTING
 PERSON WITH
             -------------------------------------------------------------------
              6     SHARED VOTING POWER

                    4,530,708
             -------------------------------------------------------------------
              7     SOLE DISPOSITIVE POWER

                    -0-
             -------------------------------------------------------------------
              8     SHARED DISPOSITIVE POWER

                    4,530,708

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

        4,530,708
- --------------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
        CERTAIN SHARES*                                                 |_|


- --------------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   

           41.9%
    

- --------------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*


        PN
- --------------------------------------------------------------------------------

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!




<PAGE>


- ----------------------------            -----------------------------------
CUSIP No. 873071 10 4           13G      Page      3      of      7        Pages
                                              -----------    -------------      
- ----------------------------            -----------------------------------


   

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

        Warburg, Pincus & Co.
        
    
- --------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)  [   ]
                                                                      (b)  [ X ]


- --------------------------------------------------------------------------------
3       SEC USE ONLY


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

        New York
- --------------------------------------------------------------------------------

              5     SOLE VOTING POWER
  NUMBER OF
   SHARES           -0-
BENEFICIALLY
  OWNED BY
    EACH
  REPORTING
 PERSON WITH
             -------------------------------------------------------------------
              6     SHARED VOTING POWER

                    4,530,708
             -------------------------------------------------------------------
              7     SOLE DISPOSITIVE POWER

                    -0-
             -------------------------------------------------------------------
              8     SHARED DISPOSITIVE POWER

                    4,530,708

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

        4,530,708
- --------------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
        CERTAIN SHARES*                                                 |_|


- --------------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
           41.9%
    
- --------------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*


        PN
- --------------------------------------------------------------------------------

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!



<PAGE>


- ----------------------------            -----------------------------------
CUSIP No. 873071 10 4           13G      Page      4      of      7        Pages
                                              -----------    -------------      
- ----------------------------            -----------------------------------


   

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

        E.M. Warburg, Pincus & Co., LLC
    
    
- --------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)  [   ]
                                                                      (b)  [ X ]


- --------------------------------------------------------------------------------
3       SEC USE ONLY


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

        New York
- --------------------------------------------------------------------------------

              5     SOLE VOTING POWER
  NUMBER OF
   SHARES           -0-
BENEFICIALLY
  OWNED BY
    EACH
  REPORTING
 PERSON WITH
             -------------------------------------------------------------------
              6     SHARED VOTING POWER

                    4,530,708
             -------------------------------------------------------------------
              7     SOLE DISPOSITIVE POWER

                    -0-
             -------------------------------------------------------------------
              8     SHARED DISPOSITIVE POWER

                    4,530,708

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

        4,530,708
- --------------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
        CERTAIN SHARES*                                                 |_|


- --------------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
           41.9%
    
- --------------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*


        OO
- --------------------------------------------------------------------------------

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!



<PAGE>


- ----------------------------            -----------------------------------
CUSIP No. 873071 10 4           13G      Page      5      of      7        Pages
                                              -----------    -------------      
- ----------------------------            -----------------------------------

Item 1(a).  NAME OF ISSUER:

            TV Filme, Inc., a Delaware corporation (the "Issuer").

Item 1(b).  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

            c/o ITSA Intercontinental Telecomunicacoes, Ltda.
                SCS, Quadra 07-Bl.A
                SALA 601
                70.300-911 Brasilia-DF
                Brazil

Items 2(a)
 and 2(b).  NAME OF PERSON FILING; ADDRESS OF PRINCIPAL BUSINESS OFFICE:

            This  statement  is filed by and on  behalf of (a)  Warburg,  Pincus
            Investors,   L.P.,  a  Delaware  limited  partnership  ("WPI");  (b)
            Warburg,  Pincus & Co., a New York general  partnership  ("WP"); and
            (c) E.M.  Warburg,  Pincus & Co., LLC, a New York limited  liability
            company ("EMW LLC"), which manages WPI. WP, the sole general partner
            of WPI, has a 20%  interest in the profits of WPI.  Lionel I. Pincus
            is the managing partner of WP and the managing member of EMW LLC and
            may be deemed to control both WP and EMW LLC. The members of EMW LLC
            are  substantially  the same as the partners of WP.  The business
            address of each of the  foregoing is 466 Lexington Avenue, New York,
            New York 10017.

Item 2(c).  CITIZENSHIP:

            Not Applicable.

Item 2(d).  TITLE OF CLASS OF SECURITIES:

            This  statement  relates to shares of the Issuer's  common stock,
            par value $0.01 per share (the "Common Stock") of the Issuer.

Item 2(e).  CUSIP NUMBER:

            873071 10 4

Item 3.     Not Applicable.



<PAGE>


- ----------------------------            -----------------------------------
CUSIP No. 873071 10 4           13G      Page      6      of      7        Pages
                                              -----------    -------------      
- ----------------------------            -----------------------------------


Item 4.     OWNERSHIP:

            (a)  AMOUNT BENEFICIALLY OWNED:
   
            4,530,708 shares of Common Stock, as of December 31, 1997.
    

            (b)  PERCENT OF CLASS:
   
            41.9% (based on the number of shares of Common Stock  reported to be
            outstanding  in the Issuer's Form 10-Q for the fiscal  quarter ended
            September 30, 1997).
    
            (c)   (i)     -0-
                  (ii)    4,530,708
                  (iii)   -0-
                  (iv)    4,530,708

Item 5.     OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

            Not Applicable.

Item 6.     OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:

            Not Applicable.

Item 7.     IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED 
            THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:

            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:

            Not Applicable.


<PAGE>


- ----------------------------            -----------------------------------
CUSIP No. 873071 10 4           13G      Page      7      of      7        Pages
                                              -----------    -------------      
- ----------------------------            -----------------------------------


                                   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.


   
                                   WARBURG, PINCUS INVESTORS, L.P.
                                   By: Warburg, Pincus & Co.,
Dated:  February 11, 1998               General Partner
    

                                   By:  /s/ Stephen Distler
                                      ----------------------------
                                       Stephen Distler, Partner


   
                                   WARBURG, PINCUS & CO.
Dated:  February 11, 1998
                                   By:  /s/ Stephen Distler
                                      ----------------------------
                                       Stephen Distler, Partner
    


                                   E.M. WARBURG, PINCUS & CO., LLC

                                   By:  /s/ Stephen Distler
                                      ----------------------------
                                       Stephen Distler, Member



       



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