0000950162-97-000105 3 1 19970203 19970213 NYSE VAIL RESORTS INC 0000812011 7990 510291762 DE 0930 3 34 001-09614 97530170 P O BOX 7 C/O ANACONDA TOWER VAIL CO 81658 9708452950 P O BOX 7 VAIL CO 81658 BLACK LEON D 0001032666 DIRECTOR 3 APOLLO ADVISORS LP 1999 AVE OF THE STARS STE 1900 LOS ANGELES CA 90067 3102014100 APOLLO ADVISORS LP 1999 AVE OF THE STARS STE 1900 LOS ANGELES CA 90067 3 1 000095016297000105-001-seq1-3.txt FORM 3