HICKS MUSE TATE & FURST EQUITY FUND II L P
SC 13G, 1997-02-21
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THIS DOCUMENT IS A COPY OF THE SCHEDULE 13G FILED ON FEBRUARY 18, 1997 PURSUANT
                   TO A RULE 201 TEMPORARY HARDSHIP EXEMPTION


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                  SCHEDULE 13G

                                 (RULE 13D-102)

             Information Statement pursuant to Rules 13d-1 and 13d-2

                    Under the Securities Exchange Act of 1934


                         CHANCELLOR BROADCASTING COMPANY
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                      CLASS A COMMON STOCK, $0.01 PAR VALUE
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                   158910 10 9
- --------------------------------------------------------------------------------
                                 (CUSIP Number)


<PAGE>



- --------------------------------------                   -----------------------
        CUSIP No. 158910 10 9                 13G             Page 2 of 17 Pages
- --------------------------------------                   -----------------------


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

           HM2/HMW, 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

        Texas
- --------------------------------------------------------------------------------
                                 5       SOLE VOTING POWER

                                          0
           NUMBER OF            ------------------------------------------------
            SHARES               6       SHARED VOTING POWER
         BENEFICIALLY  
           OWNED BY                       1,185,521
             EACH               ------------------------------------------------
           REPORTING             7       SOLE DISPOSITIVE POWER
            PERSON     
             WITH                         0
                                ------------------------------------------------
                                 8       SHARED DISPOSITIVE POWER

                                         1,185,521
- --------------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        1,185,521
- --------------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9                         [_]
        EXCLUDES CERTAIN SHARES

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

        12.0%
- --------------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON

        PN
================================================================================


* The reporting person expressly disclaims the existence of any group.


<PAGE>



- --------------------------------------                   -----------------------
        CUSIP No. 158910 10 9                 13G             Page 3 of 17 Pages
- --------------------------------------                   -----------------------


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

           Hicks, Muse Tate & Furst Equity Fund II, 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

                                         0
           NUMBER OF            ------------------------------------------------
            SHARES               6       SHARED VOTING POWER
         BENEFICIALLY 
           OWNED BY                      1,186,912
             EACH               ------------------------------------------------
           REPORTING             7       SOLE DISPOSITIVE POWER
            PERSON    
             WITH                        0
                                ------------------------------------------------
                                 8       SHARED DISPOSITIVE POWER

                                         1,186,912
- --------------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        1,186,912
- --------------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9                    [_]
        EXCLUDES CERTAIN SHARES

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

        12.0%
- --------------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON

        PN
================================================================================


* The reporting person expressly disclaims the existence of any group.


<PAGE>



- --------------------------------------                   -----------------------
        CUSIP No. 158910 10 9                 13G             Page 4 of 17 Pages
- --------------------------------------                   -----------------------


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

           HM2/GP Partners, 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

        Texas
- --------------------------------------------------------------------------------
                                 5       SOLE VOTING POWER

                                         0
           NUMBER OF            ------------------------------------------------
            SHARES               6       SHARED VOTING POWER
         BENEFICIALLY 
           OWNED BY                      1,186,912
             EACH               ------------------------------------------------
           REPORTING             7       SOLE DISPOSITIVE POWER
            PERSON    
             WITH                        0
                                ------------------------------------------------
                                 8       SHARED DISPOSITIVE POWER

                                         1,186,912
- --------------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        1,186,912
- --------------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9                         [_]
        EXCLUDES CERTAIN SHARES

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

        12.0%
- --------------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON

        PN
================================================================================


* The reporting person expressly disclaims the existence of any group.


<PAGE>



- --------------------------------------                   -----------------------
        CUSIP No. 158910 10 9                 13G             Page 5 of 17 Pages
- --------------------------------------                   -----------------------


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

           Hicks, Muse GP Partners, 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

        Texas
- --------------------------------------------------------------------------------
                                 5       SOLE VOTING POWER

                                         0
           NUMBER OF            ------------------------------------------------
            SHARES               6       SHARED VOTING POWER
         BENEFICIALLY  
           OWNED BY                      1,186,912
             EACH               ------------------------------------------------
           REPORTING             7       SOLE DISPOSITIVE POWER
            PERSON     
             WITH                        0
                                ------------------------------------------------
                                 8       SHARED DISPOSITIVE POWER

                                         1,186,912
- --------------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        1,186,912
- --------------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9                         [_]
        EXCLUDES CERTAIN SHARES

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

        12.0%
- --------------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON

        PN
================================================================================


* The reporting person expressly disclaims the existence of any group.


<PAGE>



- --------------------------------------                   -----------------------
        CUSIP No. 158910 10 9                 13G             Page 6 of 17 Pages
- --------------------------------------                   -----------------------


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

           Hicks, Muse Fund II Incorporated
- --------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a)  [_]
                                                                     (b)  [X]
- --------------------------------------------------------------------------------
3       SEC USE ONLY


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

        Texas
- --------------------------------------------------------------------------------
                                 5       SOLE VOTING POWER
 
                                         0
          NUMBER OF             ------------------------------------------------
           SHARES                6       SHARED VOTING POWER
        BENEFICIALLY 
          OWNED BY                       1,186,912
            EACH                ------------------------------------------------
          REPORTING              7       SOLE DISPOSITIVE POWER
           PERSON    
            WITH                         0
                                ------------------------------------------------
                                 8       SHARED DISPOSITIVE POWER

                                         1,186,912
- --------------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        1,186,912
- --------------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9                         [_]
        EXCLUDES CERTAIN SHARES

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

        12.0%
- --------------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON

        CO
================================================================================


* The reporting person expressly disclaims the existence of any group.

<PAGE>


ITEM 1.

   (a)   Name of Issuer:

         Chancellor Broadcasting Company

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

               12655 N. Central Expressway, Suite 405
               Dallas, Texas  75243


ITEM 2.

   (a)   Name of Person(s) Filing:

               This statement is being filed pursuant to Section 13(g) of the
         Securities Exchange Act, as amended (the "Exchange Act"), and Rule
         13d-1(c) promulgated thereunder, by the following persons (the "Filing
         Parties"):

               1.    HM2/HMW, L.P. ("HM2/HMW")
               2.    Hicks, Muse, Tate & Furst Equity Fund II,
                     L.P. ("HMTF Fund II")
               3.    HM2/GP Partners, L.P. ("HM2/GP Partners");
               4.    Hicks, Muse GP Partners, L.P. ("GP
                     Partners"); and
               5.    Hicks, Muse Fund II Incorporated ("HM II
                     Inc.").

   (b)   Address of Principal Business Office or, if none,
         Residence:

               The address of the principal business office of each of the
         Filing Parties is 200 Crescent Court, Suite 1600, Dallas, Texas 75201.

   (c)   Citizenship:

               The place of organization of HMTF Fund II is Delaware. The place
         of organization of each of the other Filing Parties is Texas.

   (d)   Title of Class of Securities:  Class A Common Stock,
         $0.01 par value (the "Class A Common Stock")

   (e)   CUSIP Number:  158910 10 9


                                 Page 7 of 17 Pages
<PAGE>


ITEM 3.  If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
         check whether the person filing is a:

         Not Applicable.

ITEM 4.  Ownership

         (a)   As of December 31, 1996:  HM2/HMW owned of record
               1,185,521 shares of Class A Common Stock;  HMTF
               Fund II owned of record 1,391 shares of Class A
               Common Stock, and is the general partner of
               HM2/HMW and, therefore, may be deemed to be the
               beneficial owner of 1,185,521 shares of Class A
               Common Stock owned of record by HM2/HMW;  HM2/GP
               Partners is the general partner of HMTF Fund II
               and, therefore, may be deemed to be the beneficial
               owner of 1,186,912 shares of Class A Common Stock
               beneficially owned by HMTF Fund II;  GP Partners
               is the general partner of HM2/GP Partners and,
               therefore, may be deemed to be the beneficial
               owner of 1,186,912 shares of Class A Common Stock
               beneficially owned by HM2/GP Partners; and, HM II
               Inc. is the general partner of GP Partners and,
               therefore, may be deemed to be the beneficial
               owner of 1,186,912 shares of Class A Common Stock
               beneficially owned by GP Partners.

         (b)   As of December 31, 1996, the Filing Parties each beneficially
               owned approximately 12.0% of the outstanding Class A Common Stock
               of the Company.

         (c)   As of December 31, 1996, the Filing Parties had
               the sole power to vote or direct the vote, shared
               power to vote or direct the vote, sole power to
               dispose or to direct the disposition of, and
               shared power to dispose or to direct the
               disposition of, that number of shares of Class A
               Common Stock as is set forth in items 5 through 8
               of the cover pages (pages 2 through 6 of this
               Schedule) for each of the Filing Parties.

ITEM 5.  Ownership of Five Percent or Less of a Class

         If this statement is being filed to report the fact that as of the date
         hereof the reporting person has ceased to be the beneficial owner of
         more than five percent of the class of securities, check the following
         [_].

         Not Applicable.

                                 Page 8 of 17 Pages
<PAGE>

ITEM 6.  Ownership of More than Five Percent on Behalf of
         Another Person

         The right to receive any interest in the shares of Class A Common Stock
         held by each of the Filing Parties, including any dividends and
         proceeds from the sale of such shares received by the Filing Parties,
         are governed by each of such Filing Parties organizational documents.
         Thomas O. Hicks is the controlling shareholder and the Chairman of the
         Board, President, Chief Executive Officer, Chief Operating Officer and
         Secretary of HM II Inc. and, therefore, may be deemed to beneficially
         own all or a portion of the shares of Class A Common Stock beneficially
         owned by HM II Inc.

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 9 of 17 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 13, 1997                          HICKS, MUSE FUND II INCORPORATED
  -----------------
       Date

                                             By: /s/ Thomas O. Hicks
                                                -----------------------
                                                Name:  Thomas O. Hicks
                                                Title: Chairman and Chief
                                                       Executive Officer


                               Page 10 of 17 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 13, 1997                      HICKS, MUSE GP PARTNERS, L.P.
  -----------------
       Date
                                        By:  HICKS, MUSE FUND II
                                             INCORPORATED, its general
                                               partner

                                             By: /s/ Thomas O. Hicks
                                                -----------------------
                                                Name:  Thomas O. Hicks
                                                Title: Chairman and Chief
                                                       Executive Officer




                              Page 11 of 17 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 13, 1997                     HM2/GP PARTNERS, L.P.
  -----------------
       Date
                                         By:  HICKS, MUSE GP PARTNERS, L.P., its
                                               general partner

                                         By:  HICKS, MUSE FUND II INCORPORATED,
                                               its general partner


                                             By: /s/ Thomas O. Hicks
                                                -----------------------
                                                Name:  Thomas O. Hicks
                                                Title: Chairman and Chief
                                                       Executive Officer



                               Page 12 of 17 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 13, 1997                    HICKS, MUSE, TATE & FURST EQUITY
  -----------------                    FUND II, L.P.
       Date        

                                       By: HM2/GP PARTNERS, L.P., its general
                                           partner

                                       By: HICKS, MUSE GP PARTNERS, L.P., its
                                           general partner

                                       By: HICKS, MUSE FUND II INCORPORATED,
                                           its general partner

                                             By: /s/ Thomas O. Hicks
                                                -----------------------
                                                Name:  Thomas O. Hicks
                                                Title: Chairman and Chief
                                                       Executive Officer


                               Page 13 of 17 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 13, 1997                      HM2/HMW, L.P.
  -----------------
       Date
                                          By: HICKS, MUSE, TATE & FURST EQUITY
                                              FUND II, L.P., its general partner

                                          By: HM2/GP PARTNERS, L.P., its general
                                              partner

                                          By: HICKS, MUSE GP PARTNERS, its
                                              general partner

                                          By: HICKS, MUSE FUND II INCORPORATED,
                                              its general partner


                                             By: /s/ Thomas O. Hicks
                                                -----------------------
                                                Name:  Thomas O. Hicks
                                                Title: Chairman and Chief
                                                       Executive Officer


                               Page 14 of 17 Pages

<PAGE>



                                  Exhibit Index



Name of Exhibit                                                      Page Number
- ---------------                                                      -----------

A.   Joint Filing Agreement dated February 13, 1997 among Hicks,        16
     Muse Fund II Incorporated, Hicks, Muse GP Partners, L.P.,
     HM2/GP Partners, L.P., Hicks, Muse, Tate & Furst Equity Fund
     II, L.P. and HM2/HMW, L.P.





                               Page 15 of 17 Pages





                             JOINT FILING AGREEMENT


               The undersigned, and each of them, do hereby agree and consent to
the filing of a single statement on behalf of all of them on Schedule 13G and
amendments thereto, in accordance with the provisions of Rule 13d-1(f)(1) under
the Securities Exchange Act of 1934, as amended.

Dated: February 13, 1997                   HICKS, MUSE FUND II INCORPORATED


                                           By: /s/ Thomas O. Hicks
                                               -----------------------
                                              Name: Thomas O. Hicks
                                              Title: Chairman and Chief
                                                     Executive Officer


                                           HICKS, MUSE GP PARTNERS, L.P.

                                           By: HICKS, MUSE FUND II
                                               INCORPORATED, its general
                                               partner


                                               By: /s/ Thomas O. Hicks
                                                   -----------------------
                                                  Name:  Thomas O. Hicks
                                                  Title: Chairman and Chief
                                                         Executive Officer


                                           HM2/GP PARTNERS, L.P.

                                           By: HICKS, MUSE GP PARTNERS, L.P.,
                                               its general partner

                                           By: HICKS, MUSE FUND II
                                               INCORPORATED, its general
                                               partner


                                               By: /s/ Thomas O. Hicks
                                                   -----------------------
                                                  Name: Thomas O. Hicks
                                                  Title:  Chairman and Chief
                                                          Executive Officer



                              Page 16 of 17 Pages
<PAGE>








                                           HICKS, MUSE, TATE & FURST EQUITY
                                           FUND II, L.P.

                                           By: HM2/GP PARTNERS, L.P., its
                                               general partner

                                           By: HICKS, MUSE GP PARTNERS, L.P.,
                                               its general partner

                                           By: HICKS, MUSE FUND II
                                               INCORPORATED, its general
                                               partner


                                               By: /s/ Thomas O. Hicks
                                                   -----------------------
                                                  Name: Thomas O. Hicks
                                                  Title: Chairman and Chief
                                                         Executive Officer


                                           HM2/HMW, L.P.

                                           By: HICKS, MUSE, TATE & FURST
                                               EQUITY FUND II, L.P., its
                                               general partner

                                           By: HM2/GP PARTNERS, L.P., its
                                               general partner

                                           By: HICKS, MUSE GP PARTNERS, its
                                               general partner

                                           By: HICKS, MUSE FUND II
                                               INCORPORATED, its general
                                               partner


                                               By: /s/ Thomas O. Hicks
                                                   -----------------------
                                                  Name: Thomas O. Hicks
                                                  Title: Chairman and Chief
                                                         Executive Officer




                              Page 17 of 17 Pages





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