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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                                 (RULE 13d-102)

                 INFORMATION TO BE INCLUDED IN STATEMENTS FILED
          PURSUANT TO RULE 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO
                         FILED PURSUANT TO RULE 13d-2(b)

                               (AMENDMENT NO. _)*

                           Crown Media Holdings, Inc.
--------------------------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    228411104
      ---------------------------------------------------------------------
                                 (CUSIP Number)

                                   May 3, 2000
--------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

     [_]  Rule 13d-1(b)

     [_]  Rule 13d-1(c)

     [X]  Rule 13d-1(d)

     * 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).


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 CONTROL NUMBER.

                               Page 1 of 10 pages




                                  SCHEDULE 13G

ISSUER: Crown Media Holdings, Inc.                          CUSIP NO.: 228411104

--------------------------------------------------------------------------------
     1.   Names of Reporting Persons.
          I.R.S. Identification Nos. of above persons (entities only).

          J.P. Morgan Partners (BHCA), L.P. (formerly known as Chase Equity
          Associates, L.P.)

          13-337-1826

--------------------------------------------------------------------------------
     2.   Check the Appropriate Box if a Member of a Group (See Instructions)

          (a)

          (b)

--------------------------------------------------------------------------------
     3.   SEC Use Only

--------------------------------------------------------------------------------
     4.   Citizenship or Place of Organization
                                    Delaware

--------------------------------------------------------------------------------
                           5.   Sole Voting Power
                                   3,840,520 (includes Options for 3,900 shares)
  Number of Shares      --------------------------------------------------------
  Beneficially             6.   Shared Voting Power
  Owned by Each         --------------------------------------------------------
  Reporting Person         7.   Sole Dispositive Power
  With:                           3,840,520 (includes Options for 3,900 shares)
                        --------------------------------------------------------
                           8.   Shared Dispositive Power
--------------------------------------------------------------------------------
9.   Aggregate Amount Beneficially Owned by Each Reporting Person
                  3,840,520 (includes Options for 3,900 shares)

--------------------------------------------------------------------------------
10.  Check if the Aggregate Amount in Row(9) Excludes Certain Shares
     (See Instructions)

--------------------------------------------------------------------------------
11.  Percent of Class Represented by Amount in Row (9)  13.1%

--------------------------------------------------------------------------------
12.  Type of Reporting Person (See Instructions)

--------------------------------------------------------------------------------
CO

                               Page 2 of 10 Pages



                                  SCHEDULE 13G

ISSUER: Crown Media Holdings, Inc.                          CUSIP NO.: 228411104


ITEM 1.

               (A)  NAME OF ISSUER:

                    Crown Media Holdings, Inc.

               (B)  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

                    6430 S. Fiddlers Green Circle
                    Suite 500
                    Englewood, CO  80111

ITEM 2.

               (A)  NAME OF PERSON FILING:

                    J.P. Morgan Partners (BHCA), L.P.

                    Supplemental information relating to the ownership and
                    control of the person filing this statement is included in
                    Exhibit 2(a) attached hereto.

               (B)  ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

                    1221 Avenue of the Americas
                    New York, New York  10020

               (C)  CITIZENSHIP:

                    Delaware

               (D)  TITLE OF CLASS OF SECURITIES (OF ISSUER):

                    Common Stock

               (E)  CUSIP NUMBER:

                    228411104


ITEM 3.   IF THIS STATEMENT IS FILED PURSUANT TO SS.SS. 240. 13d-1(b) OR 240.
          13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

               Not applicable.

ITEM 4.  OWNERSHIP

               (A)  AMOUNT BENEFICIALLY OWNED:

                    3,840,520 (includes Options for 3,900 shares)

               (B)  PERCENT OF CLASS:

                    13.1% (as of December 31, 2000)

                               Page 3 of 10 Pages



                                  SCHEDULE 13G

ISSUER: Crown Media Holdings, Inc.                          CUSIP NO.: 228411104


               (C)  NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:

                    (i)      3,840,520 (includes Options for 3,900 shares)
                    (ii)     Not applicable.
                    (iii)    3,840,520 (includes Options for 3,900 shares)
                    (iv)     Not applicable.

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 4 of 10 Pages



                                  SCHEDULE 13G

ISSUER: Crown Media Holdings, Inc.                          CUSIP NO.: 228411104


                                    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.

Date:  May 17, 2001

                                      J.P. MORGAN PARTNERS (BHCA), L.P.



                                      By: JPMP Master Fund Manager, L.P.,
                                          its general partner

                                      By: JPMP Capital Corp.,
                                          its general partner


                                      By:  /s/  Jeffrey C. Walker
                                         ---------------------------------------
                                          Name:  Jeffrey C. Walker
                                          Title: President

                               Page 5 of 10 Pages



                                  SCHEDULE 13G

ISSUER: Crown Media Holdings, Inc.                          CUSIP NO.: 228411104


                                  EXHIBIT 2(a)

     J.P.  Morgan  Partners  (BHCA),   L.P.  (formerly  known  as  Chase  Equity
Associates,  L.P.), a Delaware limited partnership  (hereinafter  referred to as
"JPMP (BHCA)"), whose principal business office is located at 1221 Avenue of the
Americas,  New York, New York 10020.  JPMP (BHCA) is also engaged in the venture
capital and leveraged  buyout  business.  The general  partner of JPMP (BHCA) is
JPMP Master Fund Manager,  L.P. (formerly known as Chase Capital Partners, a New
York general partnership),  a Delaware limited partnership (hereinafter referred
to as "JPMP Master Fund", whose principal business office is located at the same
address as JPMP (BHCA), and is also directly or indirectly (through  affiliates)
engaged in the  venture  capital  and  leveraged  buyout  business.  The general
partner of JPMP  Master  Fund is JPMP  Capital  Corp.  (formerly  known as Chase
Capital Corporation),  a New York corporation  (hereinafter referred to as "JPMP
Capital Corp."),  whose principal business office is located at the same address
as JPMP (BHCA),  and is also engaged in the venture capital and leveraged buyout
business.  Set forth in Schedule A hereto and  incorporated  herein by reference
are the names, business addresses, principal occupations and employments of each
executive officer and director of JPMP Capital Corp.

     JPMP Capital Corp. is a wholly owned  subsidiary of J.P. Morgan Chase & Co.
(formerly  known as The Chase  Manhattan  Corporation),  a Delaware  corporation
(hereinafter  referred  to as "JP Morgan  Chase")  which is  engaged  (primarily
through  subsidiaries)  in the  commercial  banking  business with its principal
office  located  at 270 Park  Avenue,  New York,  New York  10017.  Set forth in
Schedule B hereto and incorporated  herein by reference are the names,  business
addresses,  principal  occupations and employments of each executive officer and
director of JP Morgan Chase.

                               Page 6 of 10 Pages



                                  SCHEDULE 13G

ISSUER: Crown Media Holdings, Inc.                          CUSIP NO.: 228411104


                                                                      SCHEDULE A

                               JPMP CAPITAL CORP.

                              EXECUTIVE OFFICERS(1)

Chief Executive Officer                       William B. Harris**
President                                     Jeffrey C. Walker*
Executive Vice President                      Mitchell J. Blutt, M.D.*
Executive Vice President                      Arnold L. Chavkin*
Executive Vice President                      John M.B. O'Connor*
Managing Director                             John R. Baron*
Managing Director                             Christopher C. Behrens*
Managing Director                             David S. Britts*
Managing Director                             Rodney A. Ferguson*
Managing Director                             David Gilbert*
Managing Director                             Evan Graf*
Managing Director                             Eric A. Green*
Managing Director                             Michael R. Hannon*
Managing Director                             Donald J. Hofmann, Jr.*
Managing Director                             Alfredo Irigoin*
Managing Director                             W. Brett Ingersoll*
Managing Director                             Andrew Kahn*
Managing Director                             Jonathan R. Lynch*
Managing Director                             Jonathan Meggs*
Managing Director                             Thomas G. Mendell*
Managing Director                             Stephen P. Murray*
Managing Director                             Joao Neiva de Figueiredo, Ph.D.*
Managing Director                             Timothy Purcell*
Managing Director                             Thomas Quinn*
Managing Director                             Peter Reilly*
Managing Director                             Robert R. Ruggiero, Jr.*
Managing Director                             Susan L. Segal*
Managing Director                             Shahan D. Soghikian*
Managing Director                             Georg Stratenwerth*
Managing Director                             Lindsay Stuart*
Managing Director                             Patrick J. Sullivan*
Managing Director                             Kelly Shackelford*
Managing Director                             Charles R. Walker*
Managing Director                             Timothy J. Walsh*
Managing Director                             Richard D. Waters, Jr.*
Managing Director                             Damion E. Wicker, M.D.*
Managing Director                             Eric R. Wilkinson*
Senior Vice President                         Marcia Bateson*
Vice President and Treasurer                  Elisa R. Stein*
Secretary                                     Anthony J. Horan**
Assistant Secretary                           Robert C. Carroll**
Assistant Secretary                           Denise G. Connors**

----------

(1)  Each of whom is a United States citizen except for Messrs. Britts, Meggs,
     Irigoin, Neiva de Figueiredo, Soghikian, Stratenwerth and Stuart.

*    Principal occupation is employee and/or member of J.P. Morgan Partners,
     LLC. Business address is c/o J.P. Morgan Partners, LLC, 1221 Avenue of the
     Americas, New York, New York 10020.

**   Principal occupation is employee or officer of J.P. Morgan Chase & Co.
     Business address is c/o J.P. Morgan Chase & Co., 270 Park Avenue, New York,
     New York 10017.

                               Page 7 of 10 Pages



                                  SCHEDULE 13G

ISSUER: Crown Media Holdings, Inc.                          CUSIP NO.: 228411104

                                  DIRECTORS(1)
                              William B. Harrison**
                               Jeffrey C. Walker*


----------

(1)  Each of whom is a United States citizen except for Messrs. Britts, Meggs,
     Irigoin, Neiva de Figueiredo, Soghikian, Stratenwerth and Stuart.

*    Principal occupation is employee and/or member of J.P. Morgan Partners,
     LLC. Business address is c/o J.P. Morgan Partners, LLC, 1221 Avenue of the
     Americas, New York, New York 10020.

**   Principal occupation is employee or officer of J.P. Morgan Chase & Co.
     Business address is c/o J.P. Morgan Chase & Co., 270 Park Avenue, New York,
     New York 10017.

                               Page 8 of 10 Pages



                                  SCHEDULE 13G

ISSUER: Crown Media Holdings, Inc.                          CUSIP NO.: 228411104


                                                                      SCHEDULE B

                             J.P. MORGAN CHASE & CO.

                             EXECUTIVE OFFICERS(1)

Chairman of the Board                                  Douglas A. Warner, III*
President and Chief Executive Officer                  William B. Harrison Jr.*
Vice Chairman                                          Geoffrey T. Boisi*
Vice Chairman                                          David A. Coulter*
Managing Director                                      Ramon de Oliveira*
Director of Human Resources                            John J. Farrell*
Vice Chairman                                          Walter A. Gubert*
Managing Director                                      Thomas B. Ketchum*
Director of Corporate Marketing and Communications     Frederick W. Hill*
Vice Chairman                                          Donald H. Layton*
Vice Chairman                                          James B. Lee Jr. *
General Counsel                                        William H. McDavid*
Vice Chairman                                          Marc J. Shapiro*
Managing Partner                                       Jeffrey C. Walker**


                                  DIRECTORS(1)

                                           PRINCIPAL OCCUPATION OR EMPLOYMENT;
NAME                                       BUSINESS OR RESIDENCE ADDRESS
----                                       -----------------------------------
--------------------------------------------------------------------------------
Hans W. Becherer                           Chairman of the Board
                                             Chief Executive Officer
                                           Deere & Company
                                           One John Deere Place
                                           Moline, IL 61265
--------------------------------------------------------------------------------
Riley P. Bechtel                           Chairman and Chief Executive Officer
                                           Bechtel Group, Inc.
                                           P.O. Box 193965
                                           San Francisco, CA 94119-3965
--------------------------------------------------------------------------------
Frank A. Bennack, Jr.                      President and Chief Executive Officer
                                           The Hearst Corporation
                                           959 Eighth Avenue
                                           New York, New York  10019
--------------------------------------------------------------------------------
Lawrence A. Bossidy                        Chairman of the Board
                                           Honeywell International
                                           P.O. Box 3000
                                           Morristown, NJ 07962-2245
--------------------------------------------------------------------------------

----------

(1)  Each of whom is a United States citizen.

*    Principal occupation is executive officer and/or employee of J.P. Morgan
     Chase & Co. Business address is c/o 270 Park Avenue, New York, New York
     10017. Each executive officer is a United States citizen.

**   Principal occupation is managing partner of J.P. Morgan Partners, LLC.
     Business address is c/o J.P. Morgan Partners, LLC, 1221 Avenue of the
     Americas New York, New York 10020.

                               Page 9 of 10 Pages



                                  SCHEDULE 13G

ISSUER: Crown Media Holdings, Inc.                          CUSIP NO.: 228411104


                                        PRINCIPAL OCCUPATION OR EMPLOYMENT;
NAME                                    BUSINESS OR RESIDENCE ADDRESS
----                                    -----------------------------------
--------------------------------------------------------------------------------
M. Anthony Burns                        Chairman of the Board and
                                          Chief Executive Officer
                                        Ryder System, Inc.
                                        3600 N.W. 82nd Avenue
                                        Miami, Florida  33166
--------------------------------------------------------------------------------
H. Laurence Fuller                      Co-Chairman
                                        BP Amoco p.l.c.
                                        1111 Warrenville Road, Suite 25
                                        Chicago, Illinois  60563
--------------------------------------------------------------------------------
Ellen V. Furter                         President
                                        American Museum of Natural History
                                        Central Park West at 79th Street
                                        New York, NY 10024
--------------------------------------------------------------------------------
 William H. Gray, III                   President and Chief Executive Officer
                                        The College Fund/UNCF
                                        9860 Willow Oaks Corporate Drive
                                        P.O. Box 10444
                                        Fairfax, Virginia  22031
--------------------------------------------------------------------------------
 William B. Harrison, Jr.               President and Chief Executive Officer
                                        The Chase Manhattan Corporation
                                        270 Park Avenue, 8th Floor
                                        New York, New York  10017-2070
--------------------------------------------------------------------------------
 Helene L. Kaplan                       Of Counsel
                                        Skadden, Arps, Slate, Meagher & Flom LLP
                                        919 Third Avenue - Room 29-72
                                        New York, New York  10022
--------------------------------------------------------------------------------
 Lee R. Raymond                         Chairman of the Board and
                                          Chief Executive Officer
                                        Exxon Mobil Corporation
                                        5959 Las Colinas Boulevard
                                        Irving,TX 75039-2298
--------------------------------------------------------------------------------
 John R. Stafford                       Chairman, President and
                                          Chief Executive Officer
                                        American Home Products Corporation
                                        5 Giralda Farms
                                        Madison, New Jersey  07940
--------------------------------------------------------------------------------
 Lloyd D. Ward                          Former Chairman of Board and Chief
                                        Executive Officer of Maytag
                                        13338 Lakeshore Drive
                                        Clive, Iowa  50325
--------------------------------------------------------------------------------
 Douglas A. Warner III                  Chairman of the Board
                                        J.P. Morgan Chase & Co.
                                        270 Park Avenue
                                        New York, New York  10017
--------------------------------------------------------------------------------
 Marina v.N. Whitman                    Professor of Business Administration and
                                          Public Policy
                                        The University of Michigan
                                        School of Public Policy
                                        411 Lorch Hall, 611 Tappan Street
                                        Ann Arbor, MI 48109-1220
--------------------------------------------------------------------------------

                              Page 10 of 10 Pages