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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 1)(1)
RSL COMMUNICATIONS, LTD.
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(Name of Issuer)
CLASS A COMMON SHARES, PAR VALUE $.00457 PER SHARE
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(Title of Class of Securities)
G7702U 10 2
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(CUSIP Number)
Lauder Gaspar Ventures LLC
767 Fifth Avenue
New York, New York 10153
Att.: Ronald S. Lauder
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 24, 1998
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(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) OR 13d-1(g), check the
following box |_|.
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for
other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 3)
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(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 disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes.).
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SCHEDULE 13D
Cusip No. G7702U 10 2 Page 2 of 3
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lauder Gaspar Ventures LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO (See Item 3.)
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
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NUMBER OF 7 SOLE VOTING POWER
SHARES None
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY None
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING None
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PERSON 10 SHARED DISPOSITIVE POWER
WITH None
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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This Amendment No. 1 amends the Schedule 13D filed by the Reporting Person
with the Securities and Exchange Commission on April 27, 1998 (the "Schedule
13D"). Capitalized terms used herein and not otherwise defined herein shall
have the meanings ascribed to such terms in the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
On December 24, 1998, Lauder Gaspar Ventures LLC ("LGV"), a New York
limited liability company, distributed 909,090 shares of Class B Common Stock
to its members on a pro-rata basis (the "LGV Distribution"). No cash or other
consideration was paid by the recipients of the shares in connection with the
LGV Distribution.
Item 4. Purpose of Transaction.
Pursuant to the liquidation of LGV, the shares of Class B Common
Stock were distributed on a pro-rata basis to LGV's members. Such shares are
held by the members for investment purposes. The members do not have any
present plans or intentions which relate to or would result in any of the
transactions described in subsections (a) through (j) inclusive, of Item 4 of
Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) As of the date hereof, LGV does not beneficially own any shares
of the Issuer's Class A Common Stock or Class B Common Stock.
(b) LGV does not have the power to vote or dispose of any shares of
Class A Common Stock or Class B Common Stock.
(e) LGV ceased to be the beneficial owner of more than 5% of the
Issuer's Class A Common Stock on December 24, 1998.
SIGNATURE
After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certifies that the information set forth
in this instrument is true, complete and correct.
Dated: December 30, 1998
By /s/ Ronald S. Lauder
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Ronald S. Lauder
Liquidating Trustee
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