UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Computer Learning Centers, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
205199102
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(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
disclosures provided in a prior cover page.
The information required on the reminder 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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CUSIP NO. 205199102 13G Page 2 of 7 pages
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1 Name of Reporting Person General Atlantic Corporation
S.S. or I.R.S. Identifica-
tion No. of Above Person
- --------------------------------------------------------------------------------
2 Check the Appropriate Box (a) [ ]
if a Member of a Group (b) [X]
- --------------------------------------------------------------------------------
3 S.E.C. Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 1,716,378
Beneficially (6) Shared Voting Power 1,228,339
Owned by Each (7) Sole Dispositive Power 1,716,378
Reporting Person (8) Shared Dispositive Power 1,228,339
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,944,717
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares ______
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 18.4%
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12. Type of Reporting Person C0
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CUSIP NO. 205199102 13G Page 3 of 7 pages
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1. Name of Reporting Person General Atlantic Partners II, L.P.
S.S. or I.R.S. Identifica-
tion No. of Above Person
- --------------------------------------------------------------------------------
2. Check the Appropriate Box (a) [X]
if a Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
3. S.E.C. Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially (6) Shared Voting Power 1,228,339
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 1,228,339
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,228,339
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares ______
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 7.7%
- --------------------------------------------------------------------------------
12. Type of Reporting Person PN
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CUSIP NO. 205199102 13G Page 4 of 7 pages
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1. Name of Reporting Person GAP-CLC, L.P.
S.S. or I.R.S. Identifica-
tion No. of Above Person
- --------------------------------------------------------------------------------
2. Check the Appropriate Box (a) [X]
if a Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
3. S.E.C. Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially (6) Shared Voting Power 1,228,339
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 1,228,339
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,228,339
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares ______
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 7.7%
- --------------------------------------------------------------------------------
12. Type of Reporting Person PN
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CUSIP NO. 205199102 13G Page 5 of 7 pages
AMENDMENT NO. 2 TO SCHEDULE 13G
-------------------------------
This Amendment No. 2 to Schedule 13G (this "Amendment") is filed by the
undersigned to amend the Schedule 13G, filed February 9, 1996, as amended on
February 14, 1997, with respect to the shares of common stock, par value $.01
per share of Computer Learning Centers, Inc.
Item 4. As of March 31, 1998, GAC, GAP II and GAPCLC owned of record
1,716,378 Shares, 1,201,602 Shares and 26,737 Shares, respectively, or
10.7%, 7.5% and 0.2%, respectively, of the issued and outstanding
Shares. The general partner of GAP II is General Atlantic Partners,
LLC, a Delaware limited liability company ("GAP"). The managing members
of GAP are Steven A. Denning, David C. Hodgson, Stephen P. Reynolds, J.
Michael Cline, William O. Grabe, William E. Ford, Peter L. Bloom, Nancy
E. Cooper and Franchon M. Smithson (collectively, the "GAP Managing
Members"). Stephen P. Reynolds, one of the GAP Managing Members, is the
general partner of GAPCLC. By virtue of the fact that Stephen P.
Reynolds is also the general partner authorized and empowered to vote
and dispose of the securities held by GAPCLC, GAP II and GAPCLC may be
deemed to share voting power and the power to direct the disposition of
the Shares which each of them owns of record. The GAP Managing Members
are officers, and certain of them are shareholders, of General Atlantic
Service Corporation, which advises GAC with respect to the investment
in Computer Learning Centers, Inc.
GAC, GAP II and GAPCLC have entered into a Voting Agreement
made as of May 5, 1995 in which GAP II and GAPCLC agree to cause the
Shares owned by them to be voted in such manner as shall be determined
by GAC in its sole discretion. By virtue of this Agreement GAC may be
deemed to share voting power and the power to direct the disposition of
the Shares owned by GAP II and GAPCLC.
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CUSIP NO. 205199102 13G Page 6 of 7 pages
GAC is a wholly-owned subsidiary of Genant Securities N.V., a
Netherlands Antilles corporation ("GS"). The address of GS is c/o
Holland Intertrust N.V., De Ruyter Kade 58A, Netherlands Antilles. GS
is a wholly-owned subsidiary of General Atlantic Investments Limited, a
Bermuda corporation ("GAIL"). The address of GAIL is Washington Mall
II, Church Street, Hamilton 5, Bermuda. GAIL is a wholly-owned
subsidiary of General Atlantic Group Limited, a Bermuda corporation
("GAGL"). The address of GAGL is Washington Mall II, Church Street,
Hamilton 5, Bermuda. GAGL is a wholly-owned subsidiary of Exeter
Associates Limited, a Bermuda corporation ("EA"). The address of EA is
P.O. Box HM 666, Clarendon House, Church Street, Hamilton HM CX,
Bermuda. EA is a wholly-owned subsidiary of The Atlantic Foundation, a
Bermuda grant-making charitable corporation. The address of The
Atlantic Foundation is P.O. Box HM 666, Clarendon House, Church Street,
Hamilton HM CX, Bermuda.
Accordingly, as of March 31, 1998, each of GAP II and GAPCLC
may be deemed to own beneficially an aggregate of 1,228,339 Shares or
7.7% of the issued and outstanding Shares, and GAC may be deemed to own
beneficially 2,944,717 Shares or 18.4% of the issued and outstanding
Shares. Each of GAP II and GAPCLC has the shared power to direct the
vote and the shared power to direct the disposition of the 1,228,339
Shares that may be deemed to be owned beneficially by each of them. GAC
has the sole power to direct the vote and the sole power to direct the
disposition of the 1,716,378 Shares that it owns of record, and has the
shared power to direct the vote and the shared power to direct the
disposition of the 1,228,339 Shares owned of record by GAP II and
GAPCLC.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
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CUSIP NO. 205199102 13G Page 7 of 7 pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Dated: As of April 24, 1998
GENERAL ATLANTIC CORPORATION
By: /s/ Julie S. Lefkowitz
--------------------------
Julie S. Lefkowitz
Vice President and Secretary
GENERAL ATLANTIC PARTNERS II, L.P.
By: GENERAL ATLANTIC PARTNERS, LLC,
its General Partner
By: /s/ Nancy E. Cooper
-----------------------
Nancy E. Cooper,
a Managing Member
GAP-CLC, L.P.
By: /s/ Stephen P. Reynolds
---------------------------
Stephen P. Reynolds
General Partner
