SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________
SCHEDULE 13G
________________
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
Caribiner International, Inc.
(NAME OF ISSUER)
Common Stock, par value $0.01 per share
(TITLE OF CLASS OF SECURITIES)
14188 8107
(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 ("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 1 OF 7 PAGES
<PAGE>
13G
CUSIP No. 14188 8107
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
Warburg, Pincus Investors, L.P.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
I.R.S. Identification No. 13-3549187
_____________________________________________________________________________
(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
_____________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
0
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
6,264,636
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
6,264,636
_____________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
6,264,636
_____________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
_____________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
26.6%
_____________________________________________________________________________
(12) TYPE OF REPORTING PERSON
PN
_____________________________________________________________________________
PAGE 2 OF 7 PAGES
<PAGE>
13G
CUSIP No. 14188 8107
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
E.M. Warburg, Pincus & Co., LLC
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
I.R.S. Identification No. 13-3536050
_____________________________________________________________________________
(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
_____________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
0
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
6,264,636
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
6,264,636
_____________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
6,264,636
_____________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
_____________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
26.6%
_____________________________________________________________________________
(12) TYPE OF REPORTING PERSON
OO
_____________________________________________________________________________
PAGE 3 OF 7 PAGES
<PAGE>
13G
CUSIP No. 14188 8107
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
Warburg, Pincus & Co.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
I.R.S. Identification No. 13-6358475
_____________________________________________________________________________
(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
_____________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
0
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
6,264,636
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
6,264,636
_____________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
6,264,636
_____________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
_____________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
26.6%
_____________________________________________________________________________
(12) TYPE OF REPORTING PERSON
PN
_____________________________________________________________________________
PAGE 4 OF 7 PAGES
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13G
ITEM 1(a). NAME OF ISSUER: Caribiner International, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
16 West 61st Street, New York, New York 10023
ITEM 2(a). NAMES OF PERSONS FILING; (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE;
(c) CITIZENSHIP
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 for each of the
foregoing is 466 Lexington Avenue, New York, New York 10017.
ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.01 per
share
ITEM 2(e). CUSIP NUMBER: 14188 8107
PAGE 5 OF 7 PAGES
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13G
ITEM 3. Not Applicable
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned: 6,264,636
(b) Percent of class: 26.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
0
(ii) shared power to vote or to direct the vote
6,264,636
(iii) sole power to dispose or to direct the disposition of
0
(iv) shared power to dispose or to direct the disposition
of 6,264,636
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 6 OF 7 PAGES
<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.
February 12, 1998
WARBURG, PINCUS INVESTORS, L.P
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Stephen Distler
Stephen Distler, Partner
WARBURG, PINCUS & CO.
By: /s/ Stephen Distler
Stephen Distler, Partner
E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen Distler
Stephen Distler, Managing
Director and Member
PAGE 7 OF 7 PAGES
