---------------------------                                                              ----------------------------
          FORM 4                      U.S. SECURITIES AND EXCHANGE COMMISSION                    OMB APPROVAL
---------------------------                   Washington, D.C. 20549                     ----------------------------
[_]  Check this box                                                                      OMB Number:        3235-0287
     if no longer subject           STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP         Expires:   December 31, 2001
     of Section 16. Form 4                                                               Estimated average burden
     or Form 5 obligations   Filed pursuant to Section 16(a) of the Securities Exchange  hours per response.......0.5
     may continue. See        Act of 1934 Section 17(a) of the Public Utility Holding    ----------------------------
     Instruction 1(b).              Company Act of 1935 or Section 30(f) of the
(Print or Type Responses)                 Investment Company Act of 1940

________________________________________________________________________________
1.   Name and Address of Reporting Person*

Millennium Entertainment Partners L.P.
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   (Last)                           (First)             (Middle)

1995 Broadway
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                                    (Street)

New York                              NY                 10023
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   (City)                           (State)              (Zip)


________________________________________________________________________________
2.   Issuer Name and Ticker or Trading Symbol


The Sports Club Company, Inc. (SCY)
________________________________________________________________________________
3.   IRS Identification Number of Reporting Person, if an entity (voluntary)



________________________________________________________________________________
4.   Statement for Month/Year


December 1997
________________________________________________________________________________
5.   If Amendment, Date of Original (Month/Year)

December 1997
________________________________________________________________________________
6.   Relationship of Reporting Person(s) to Issuer
     (Check all applicable)

          Director                              X   10% Owner
     ---                                       ---
          Officer (give title below)                Other (specify below)
     ---                                       ---

                            * As a member of a group.
________________________________________________________________________________
7.   Individual or Joint/Group Filing (Check applicable line)

          Form Filed by One Reporting Person
     ---

      X   Form Filed by More Than One Reporting Person
     ---
________________________________________________________________________________



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  Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.                                    2.        3.          4.                                    5.            6.        7.
Title of Security                     Trans     Trans-      Securities Acquired (A)               Amount of     Owner-    Nature of
(Instr. 3)                            action    action      or Disposed of (D)                    Securities    ship      Indirect
                                      Date      Code        (Instr. 3, 4 and 5)                   Beneficially  Form:     Beneficial
                                                Instr. 8)                                         Owned at End  Direct    Owner-
                                      (Month/               ___________________________________   of Month      (D) or    ship
                                      Day/                                                                      Indirect  (Instr. 4)
                                      Year)                                 (A)or                 (Instr. 3     (I)
                                                Code  V          Amount     (D)        Price      and 4)        (Instr.4)
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Common Stock (1)                      12/11/97  P           6,500            A      $8.00                        I         (1)
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Common Stock (1)                      12/12/97  P           6,100            A      $8.00                        I         (1)
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Common Stock (1)                      12/15/97  P           4,500            A      $8.00                        I         (1)
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See Appendix A attached hereto for remaining purchases
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Reminder: Report on a separate line for each class of securities beneficially
          owned directly or indirectly.
* If the Form is filed by more than one reporting person,
  see Instruction 4(b)(v).


  Potential persons who are to respond to the collection
  of information contained in this form are not required                  (Over)
  to respond unless the form displays a currently valid          SEC 1474 (3-99)
  OMB control number.






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FORM 4 (continued)            Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
                                      (e.g., puts, calls, warrants, options, convertible securities)
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1.                  2.       3.       4.       5.            6.            7.                     8.       9.        10.     11.
Title of            Conver-  Trans-   Trans-   Number of     Date Exer-    Title and Amount       Price    Number    Owner-  Nature
Derivative          sion     action   action   Derivative    cisable and   of Underlying          of       of        ship    of
Security            or       Date     Code     Securities    Expiration    Securities             Deriv-   Deriv-    of      In-
(Instr. 3)          Exer-             (Instr.  Acquired (A)  Date          (Instr. 3 and 4)       ative    ative     Deriv-  direct
                    cise     (Month/  8)       or Disposed   (Month/Day/                          Secur-   Secur-    ative   Bene-
                    Price    Day/              of(D)         Year)                                ity      ities     Secur-  ficial
                    of       Year)             (Instr. 3,                                         (Instr.  Bene-     ity:    Owner-
                    Deriv-                     4 and 5)                                           5)       ficially  Direct  ship
                    ative                                    ___________________________________           Owned     (D) or  (Instr.
                    Secur-                                                                                 at End    In-     4)
                    ity                                      Date     Expi-               Amount           of        direct
                                                             Exer-    ra-                 or               Month     (I)
                                      _____________________  cis-     tion    Title       Number           (Instr.   (Instr.
                                                             able     Date                of               4)        4)
                                      Code V     (A)  (D)                                 Shares
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      MILLENNIUM ENTERTAINMENT PARTNERS L.P.
      By:  Millennium Entertainment Associates L.P.
           By:  Millennium Entertainment Corp.
                By:  /s/Brian J. Collins                       1/22/2001
                    -----------------------------------        --------------
                Name:  Brian J. Collins, Vice President        Date
                       **Signature of Reporting Person





      JOINT FILERS:                  Address of Joint Filers: 1995 Broadway,
                                                              New York, NY 10023
      MILLENNIUM PARTNERS LLC
      By:  Millennium Partners Management LLC
           By:  Millennium Manager I, Inc.

      MILLENNIUM DEVELOPMENT PARTNERS L.P.
      By:  Millennium Development Associates L.P.
           By:  Millennium Development Corp.

      MDP VENTURES I LLC

      /s/ Brian J. Collins
      --------------------------------
      Brian J. Collins
      *In his individual capacity as an authorized officer of each of the Joint
      Filers listed above


Explanation of Responses

See Appendix A for footnotes containing explanations and responses.

**   Intentional misstatements or omissions of facts constitute Federal Criminal
     Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this Form, one of which must be manually signed.
       If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB Number.


                                                                     Page 2 of 5




                                   APPENDIX A

DESIGNATED FILER:                         MILLENNIUM ENTERTAINMENT PARTNERS L.P.
ISSUER NAME AND TICKER OR TRADING SYMBOL: The Sports Club Company, Inc. (SCY)
DATE OF EVENT REQUIRING STATEMENT:        December 1997




1.                                    2.        3.          4.                                    5.            6.        7.
Title of Security                     Trans     Trans-      Securities Acquired (A)               Amount of     Owner-    Nature of
(Instr. 3)                            action    action      or Disposed of (D)                    Securities    ship      Indirect
                                      Date      Code        (Instr. 3, 4 and 5)                   Beneficially  Form:     Beneficial
                                                Instr. 8)                                         Owned at End  Direct    Owner-
                                      (Month/               ___________________________________   of Month      (D) or    ship
                                      Day/                                                                      Indirect  (Instr. 4)
                                      Year)                                 (A)or                 (Instr. 3     (I)
                                                Code  V          Amount     (D)        Price      and 4)        (Instr.4)
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Common Stock (1)                      12/16/97  P            20,000          A      $8.00                        I         (1)
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Common Stock (1)                      12/17/97  P            11,000          A      $8.00                        I         (1)
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Common Stock (1)                      12/18/97  P             7,300          A      $8.00                        I         (1)
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Common Stock (1)                      12/22/97  P             3,500          A      $8.00          72,100        I         (1)
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Common Stock (2)                      12/23/97  P            625,000         A      $8.00                        D
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Common Stock (2)                      12/31/97  S           1,052,631        D      $4.75          625,000       D
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Common Stock (3)                      12/31/97  P           1,052,631        A      $4.75         2,253,863      I         (3)
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(1)  These securities are owned solely by MDP Ventures I LLC which may be deemed
     a group for the purpose of Section 13(d) of the Securities Exchange Act of
     1933, as amended (the "Exchange Act"), with one or more of the following
     entities and person: Millennium Partners LLC, Millennium Entertainment
     Partners L.P., Millennium Development Partners L.P. and Brian J. Collins.
     MDP Ventures I LLC disclaims beneficial ownership of these securities
     except to the extent of its pecuniary interest therewith, and this report
     shall not be deemed an admission that MDP Ventures I LLC is the beneficial
     owner of such securities for the purposes of Section 16 of the Exchange Act
     or for any other purpose. This amendment is being filed to reflect the
     indirect beneficial interests of certain entities and persons and to amend
     the number of security acquisitions, in each case, that were reported
     incorrectly on the prior filings of this Form 4 and to conform the
     designated Reporting Person to the other filings by these same entities.

(2)  These securities are owned solely by Millennium Entertainment Partners L.P.
     which may be deemed a group for the purposes of Section 13(d) of the
     Securities Exchange Act of 1933, as amended (the "Exchange Act"), with one
     or more of the following entities and person: Millennium Partners LLC,
     Millennium Development Partners L.P., MDP Ventures I LLC and Brian J.
     Collins. Millennium Entertainment Partners L.P. disclaims beneficial
     ownership of these securities except to the extent of its pecuniary
     interest therewith and this report shall not be deemed an admission that
     Millennium Entertainment Partners L.P. is the beneficial owner of such
     securities for the purposes of Section 16 of the Exchange Act or for any
     other purpose. This amendment is being filed to reflect the indirect
     beneficial interests of certain entities and persons that were
     inadvertently omitted from the prior filings of this Form 4 and to conform
     the designated Reporting Persons to the other filings by these same
     entities.

(3)  These securities are owned solely by Millennium Partners LLC which may be
     deemed a group for the purposes of Section 13(d) of the Securities Exchange
     Act of 1933, as amended (the "Exchange Act"), with one or more of the
     following entities and person: Millennium Entertainment Partners L.P.,
     Millennium Development Partners L.P., MDP Ventures I LLC and Brian J.
     Collins. Millennium Partners LLC disclaims beneficial ownership of these
     securities except to the extent of its pecuniary interest therewith, and
     this report shall not be deemed an admission that Millennium Partners LLC
     is the beneficial owner of such securities for the purposes of Section 16
     of the Exchange Act or for any other purpose. This amendment is being filed
     to reflect the indirect beneficial interests of certain entities and
     persons that were inadvertently omitted from the prior filings of this Form
     4 and to conform the designated Reporting Person to the other filings by
     these same entities.



                                                                     Page 3 of 5



            CONTINUATION SHEET RELATING TO FORM 4 AMENDMENT FILED BY
           MILLENNIUM ENTERTAINMENT PARTNERS L.P. DATED JANUARY 22, 2001
                             JOINT FILER INFORMATION


DESIGNATED FILER:               MILLENNIUM ENTERTAINMENT PARTNERS L.P.
ISSUER NAME AND TICKER OR
   TRADING SYMBOL:              The Sports Club Company, Inc. (SCY)
STATEMENT FOR MONTH/YEAR:       December 1997

JOINT FILERS:



                                                 
1.  Millennium Partners Management LLC              5.  Millennium Development Associates L.P.
    1995 Broadway                                       1995 Broadway
    New York, NY 10023                                  New York, NY 10023

2.  Millennium Manager I, Inc.                      6.  Millennium Development Corp.
    1995 Broadway                                       1995 Broadway
    New York, NY 10023                                  New York, NY 10023

3.  Millennium Entertainment Associates L.P.        7.  Christopher M. Jeffries
    1995 Broadway                                       1995 Broadway
    New York, NY 10023                                  New York, NY 10023

4.  Millennium Entertainment Corp.
    1995 Broadway
    New York, NY 10023


      The Reporting Persons listed above are filing this Form 4 Amendment
jointly with Millennium Partners LLC ("DevCo"), Millennium Entertainment
Partners L.P. ("MEP LP"), Millennium Development Partners L.P. ("MDP LP"), MDP
Ventures I LLC ("MDP I") and Brian J. Collins ("BJC").

      The following entities and person may be deemed to have an indirect
beneficial interest in the securities of the Issuer held of record directly by
MDP LP, MEP LP and MDP I in their capacities (i) in the case of DevCo and BJC,
because they may be deemed a group with MDP LP, MEP LP and MDP I, (ii) in the
case of Millennium Partners Management LLC ("MPM LLC"), as the manager of DevCo,
(iii) in the case of Millennium Manager I, Inc. ("MMI Inc."), as the manager of
MPM LLC, (iv) in the case of Millennium Entertainment Associates L.P. ("MEA
LP"), as the general partner of MEP LP, (v) in the case of Millennium
Entertainment Corp. ("MEC"), as the general partner of MEA LP, (vi) in the case
of Millennium Development Associates L.P. ("MDA LP"), as the general partner of
MDP LP, (vii) in the case of Millennium Development Corp. ("MDC"), as the
general partner of MDA LP and (viii) in the case of Christopher M. Jeffries, as
the holder of (a) 70% of the outstanding shares of stock of MMI Inc., (b) 66.5%
of the outstanding shares of stock of MEC and (c) 70% of the outstanding shares
of stock of MDC.

      Each of the Reporting Persons disclaims a beneficial interest in the
securities of the Issuer reported herein except to the extent of their
respective pecuniary interest therein.





                                                                     Page 4 of 5





DESIGNATED FILER:               MILLENNIUM ENTERTAINMENT PARTNERS L.P.
ISSUER NAME AND TICKER OR
   TRADING SYMBOL:              The Sports Club Company, Inc. (SCY)
STATEMENT FOR MONTH/YEAR:       December 1997


                           /s/ Brian J. Collins*
                           ----------------------------------
                           * In his individual capacity and in his capacity as
                           an authorized officer of each of the following
                           Reporting Persons and in his capacity as an
                           attorney-in-fact with respect to Christopher M.
                           Jeffries.

                           MILLENNIUM PARTNERS LLC
                           By: Millennium Partners Management LLC
                               By: Millennium Manager I, Inc.

                           MILLENNIUM PARTNERS MANAGEMENT LLC
                           By: Millennium Manager I, Inc.

                           MILLENNIUM MANAGER I, INC.

                           MILLENNIUM ENTERTAINMENT PARTNERS L.P.
                           By: Millennium Entertainment Associates L.P.
                                  By:  Millennium Entertainment Corp.

                           MILLENNIUM ENTERTAINMENT ASSOCIATES L.P.
                           By: Millennium Entertainment Corp.

                           MILLENNIUM ENTERTAINMENT CORP.

                           MILLENNIUM DEVELOPMENT PARTNERS L.P.
                           By: Millennium Development Associates L.P.
                                  By: Millennium Development Corp.

                           MILLENNIUM DEVELOPMENT ASSOCIATES L.P.
                           By: Millennium Development Corp.

                           MILLENNIUM DEVELOPMENT CORP.

                           MDP VENTURES I LLC

                           CHRISTOPHER M. JEFFRIES



                                                                     Page 5 of 5