<SUBMISSION>
<ACCESSION-NUMBER>0000921530-01-500203
<TYPE>SC 13D/A
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20010928
<GROUP-MEMBERS>AP ENTERTAINMENT, LLC
<GROUP-MEMBERS>APOLLO ADVISORS IV, L.P.
<GROUP-MEMBERS>APOLLO ADVISORS V, L.P.
<GROUP-MEMBERS>APOLLO INVESTMENT V, L.P.
<GROUP-MEMBERS>APOLLO MANAGEMENT IV, L.P.
<GROUP-MEMBERS>APOLLO MANAGEMENT V, L.P.
<GROUP-MEMBERS>APOLLO OVERSEAS PARTNERS IV, L
<GROUP-MEMBERS>APOLLO OVERSEAS PARTNERS V, L.
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>APOLLO INVESTMENT FUND IV LP
<CIK>0001068331
<ASSIGNED-SIC>
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13D/A
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>TWO MANHATTANVILLE ROAD
<CITY>PURCHOSE
<STATE>NY
<ZIP>10577
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>TWO MANHATTANVILLE ROAD
<CITY>PURCHASE
<STATE>NY
<ZIP>10577
</MAIL-ADDRESS>
</FILED-BY>
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>AMC ENTERTAINMENT INC
<CIK>0000722077
<ASSIGNED-SIC>7830
<IRS-NUMBER>431304369
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0401
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13D/A
<ACT>34
<FILE-NUMBER>005-34911
<FILM-NUMBER>1748451
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>106 WEST 14TH STREET
<STREET2>PO BOX 219615
<CITY>KANSAS CITY
<STATE>MO
<ZIP>64121-9615
<PHONE>8162214000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>106 WEST 14TH STREET
<STREET2>PO BOX 219615
<CITY>KANSAS CITY
<STATE>MO
<ZIP>64121-9615
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>amc13d2.txt
<TEXT>
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D
                                 (Rule 13d-101)
                    Under the Securities Exchange Act of 1934

             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. 2)*


                             AMC Entertainment Inc.
-------------------------------------------------------------------------------
                                (Name of Issuer)


                   Common Stock, par value $0.66 2/3 per share
-------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                   001669 10 0
-------------------------------------------------------------------------------
                                 (CUSIP Number)


                               Bruce S. Mendelsohn
                    Akin, Gump, Strauss, Hauer & Feld, L.L.P.
                         1333 New Hampshire Avenue N.W.
                             Washington, D.C. 20036
                                 (202) 887-4000

-------------------------------------------------------------------------------
                     (Name, Address and Telephone Number of
            Person Authorized to Receive Notices and Communications


                               September 13, 2001
-------------------------------------------------------------------------------
             (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
          ss.ss.240.13d-1(e),  240.13d-1(f) or 240.13d-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.  Seess.240.13d-7  for other parties to whom copies
          are to be sent.

          *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.


                       Continued on the following page(s)
                               Page 1 of 16 Pages

<PAGE>
                                  SCHEDULE 13D
CUSIP No. 001669 10 0                                         Page 2 of 16 Pages
-------------------------------------------------------------------------------
         1.       Names of Reporting Persons.
                  I.R.S. Identification Nos. of above persons (entities only).
-------------------------------------------------------------------------------
                  Apollo Investment Fund IV, L.P.
-------------------------------------------------------------------------------
         2.       Check the Appropriate Box if a Member of a Group
                  (a) [_]
                  (b) [X]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         3.       SEC Use Only
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         4.       Source of Funds
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         5.       Check if Disclosure of Legal  Proceedings Is Required Pursuant
                  to Items 2(d) or 2(e)  [_]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         6.       Citizenship or Place of Organization                 Delaware
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Number of Shares    7.     Sole Voting Power            133,189
Bene-ficially
Owned by Each
Reporting Person
With
------------------- -----------------------------------------------------------
------------------- -----------------------------------------------------------
                    8.     Shared Voting Power          0
                                                       (See footnote * below)
------------------- -----------------------------------------------------------
------------------- -----------------------------------------------------------
                    9.     Sole Dispositive Power       133,189
------------------- -----------------------------------------------------------
------------------- -----------------------------------------------------------
                    10.    Shared Dispositive Power     33,339,161
                                                        (See Item 5 below)
------------------- -----------------------------------------------------------
-------------------------------------------------------------------------------
         11.      Aggregate Amount Beneficially Owned by Each Reporting Person
                  33,472,350 shares of Common Stock (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         12.      Check if the Aggregate Amount in Row (11) Excludes Certain
                  Shares [_]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         13.      Percent of Class Represented by Amount in Row (11)
                  63.4% (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         14.      Type of Reporting Person           PN
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
(*) The Reporting Person together with the other Reporting  Persons named herein
may be deemed to  beneficially  own shares of the  Issuer's  Series A  Preferred
Stock that are  convertible  into shares of Common  Stock as  indicated  herein,
however,  the Reporting  Person has agreed pursuant to an Investment  Agreement,
dated as of April 19, 2001, by and among the Issuer,  the Reporting Person named
on this cover page and certain other persons named in such Investment Agreement,
for a period  commencing on the Closing Date and ending on the fifth anniversary
thereof,  not to convert such Series A Preferred  Stock into Common Stock except
in connection with the disposition of such Common Stock to an unaffiliated third
party.  As such,  notwithstanding  the right of the  Reporting  Persons to elect
directors as described  herein,  the Reporting Person has no ability to exercise
voting power with respect to the Common Stock following  conversion  during such
time period.

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!

<PAGE>
                                  SCHEDULE 13D
CUSIP No. 001669 10 0                                         Page 3 of 16 Pages
-------------------------------------------------------------------------------
         1.       Names of Reporting Persons.
                  I.R.S. Identification Nos. of above persons (entities only).
-------------------------------------------------------------------------------
                  Apollo Overseas Partners IV, L.P.
-------------------------------------------------------------------------------
         2.       Check the Appropriate Box if a Member of a Group
                  (a) [_]
                  (b) [X]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         3.       SEC Use Only
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         4.       Source of Funds
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         5.       Check if Disclosure of Legal  Proceedings Is Required Pursuant
                  to Items 2(d) or 2(e) [_]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         6.       Citizenship or Place of Organization           Cayman Islands
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Number of Shares    7.     Sole Voting Power            7,409
Bene-ficially
Owned by Each
Reporting Person
With
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                    8.     Shared Voting Power          0
                                                        (See footnote * below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                    9.     Sole Dispositive Power       7,409
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                    10.    Shared Dispositive Power     33,339,161
                                                        (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         11.      Aggregate Amount Beneficially Owned by Each Reporting Person
                  33,346,570 shares of Common Stock (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         12.      Check if the Aggregate Amount in Row (11) Excludes Certain
                  Shares [_]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         13.      Percent of Class Represented by Amount in Row (11)
                  63.2% (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         14.      Type of Reporting Person           PN
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
(*) The Reporting Person together with the other Reporting  Persons named herein
may be deemed to  beneficially  own shares of the  Issuer's  Series A  Preferred
Stock that are  convertible  into shares of Common  Stock as  indicated  herein,
however,  the Reporting  Person has agreed pursuant to an Investment  Agreement,
dated as of April 19, 2001, by and among the Issuer,  the Reporting Person named
on this cover page and certain other persons named in such Investment Agreement,
for a period  commencing on the Closing Date and ending on the fifth anniversary
thereof,  not to convert such Series A Preferred  Stock into Common Stock except
in connection with the disposition of such Common Stock to an unaffiliated third
party.  As such,  notwithstanding  the right of the  Reporting  Persons to elect
directors as described  herein,  the Reporting Person has no ability to exercise
voting power with respect to the Common Stock following  conversion  during such
time period.



<PAGE>
                                  SCHEDULE 13D
CUSIP No. 001669 10 0                                         Page 4 of 16 Pages
-------------------------------------------------------------------------------
         1.       Names of Reporting Persons.
                  I.R.S. Identification Nos. of above persons (entities only).
-------------------------------------------------------------------------------
                  Apollo Advisors IV, L.P.
-------------------------------------------------------------------------------
         2.       Check the Appropriate Box if a Member of a Group
                  (a) [_]
                  (b) [X]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         3.       SEC Use Only
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         4.       Source of Funds
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         5.       Check if Disclosure of Legal  Proceedings Is Required Pursuant
                  to Items 2(d) or 2(e) [_]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         6.       Citizenship or Place of Organization                 Delaware
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Number of Shares    7.     Sole Voting Power         0
Bene-ficially
Owned by Each
Reporting Person
With
------------------- -----------------------------------------------------------
------------------- -----------------------------------------------------------
                    8.     Shared Voting Power       140,598
                                                     (See also footnote * below)
------------------- -----------------------------------------------------------
------------------- -----------------------------------------------------------
                    9.     Sole Dispositive Power    0
------------------- -----------------------------------------------------------
------------------- -----------------------------------------------------------
                    10.    Shared Dispositive Power  33,479,759
                                                     (See Item 5 below)
------------------- -----------------------------------------------------------
-------------------------------------------------------------------------------
         11.      Aggregate Amount Beneficially Owned by Each Reporting Person
                  33,479,759 shares of Common Stock (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         12.      Check if the  Aggregate  Amount in Row (11)  Excludes  Certain
                  Shares [_]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         13.      Percent of Class Represented by Amount in Row (11)
                  63.4% (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         14.      Type of Reporting Person           PN
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
(*) The Reporting Person together with the other Reporting  Persons named herein
may be deemed to  beneficially  own shares of the  Issuer's  Series A  Preferred
Stock that are  convertible  into shares of Common  Stock as  indicated  herein,
however,  the Reporting  Person has agreed pursuant to an Investment  Agreement,
dated as of April 19, 2001, by and among the Issuer,  the Reporting Person named
on this cover page and certain other persons named in such Investment Agreement,
for a period  commencing on the Closing Date and ending on the fifth anniversary
thereof,  not to convert such Series A Preferred  Stock into Common Stock except
in connection with the disposition of such Common Stock to an unaffiliated third
party.  As such,  notwithstanding  the right of the  Reporting  Persons to elect
directors as described  herein,  the Reporting Person has no ability to exercise
voting power with respect to the Common Stock following  conversion  during such
time period.

<PAGE>
                                  SCHEDULE 13D
CUSIP No. 001669 10 0                                         Page 5 of 16 Pages
-------------------------------------------------------------------------------
         1.       Names of Reporting Persons.
                  I.R.S. Identification Nos. of above persons (entities only).
-------------------------------------------------------------------------------
                  Apollo Management IV, L.P.
-------------------------------------------------------------------------------
         2.       Check the Appropriate Box if a Member of a Group
                  (a) [_]
                  (b) [X]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         3.       SEC Use Only
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         4.       Source of Funds
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         5.       Check if Disclosure of Legal  Proceedings Is Required Pursuant
                  to Items 2(d) or 2(e) [_]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         6.       Citizenship or Place of Organization                 Delaware
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Number of Shares    7.     Sole Voting Power        0
Bene-ficially
Owned by Each
Reporting Person
With
------------------- -----------------------------------------------------------
------------------- -----------------------------------------------------------
                    8.     Shared Voting Power      140,598
                                                    (See also footnote * below)
------------------- -----------------------------------------------------------
------------------- -----------------------------------------------------------
                    9.     Sole Dispositive Power   0
------------------- -----------------------------------------------------------
------------------- -----------------------------------------------------------
                    10.    Shared Dispositive Power 33,479,759
                                                    (See Item 5 below)
------------------- -----------------------------------------------------------
-------------------------------------------------------------------------------
         11.      Aggregate Amount Beneficially Owned by Each Reporting Person
                  33,479,579 shares of Common Stock (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         12.      Check if the  Aggregate  Amount in Row (11)  Excludes  Certain
                  Shares [_]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         13.      Percent of Class Represented by Amount in Row (11)
                  63.4% (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         14.      Type of Reporting Person           Delaware
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
(*) The Reporting Person together with the other Reporting  Persons named herein
may be deemed to  beneficially  own shares of the  Issuer's  Series A  Preferred
Stock that are  convertible  into shares of Common  Stock as  indicated  herein,
however,  the Reporting  Person has agreed pursuant to an Investment  Agreement,
dated as of April 19, 2001, by and among the Issuer,  the Reporting Person named
on this cover page and certain other persons named in such Investment Agreement,
for a period  commencing on the Closing Date and ending on the fifth anniversary
thereof,  not to convert such Series A Preferred  Stock into Common Stock except
in connection with the disposition of such Common Stock to an unaffiliated third
party.  As such,  notwithstanding  the right of the  Reporting  Persons to elect
directors as described  herein,  the Reporting Person has no ability to exercise
voting power with respect to the Common Stock following  conversion  during such
time period.
<PAGE>
                                  SCHEDULE 13D
CUSIP No. 001669 10 0                                         Page 6 of 16 Pages
-------------------------------------------------------------------------------
         1.       Names of Reporting Persons.
                  I.R.S. Identification Nos. of above persons (entities only).
-------------------------------------------------------------------------------
                  Apollo Investment Fund V, L.P.
-------------------------------------------------------------------------------
         2.       Check the Appropriate Box if a Member of a Group
                  (a) [_]
                  (b) [X]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         3.       SEC Use Only
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         4.       Source of Funds
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         5.       Check if Disclosure of Legal  Proceedings Is Required Pursuant
                  to Items 2(d) or 2(e) [_]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         6.       Citizenship or Place of Organization                 Delaware
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Number of Shares    7.     Sole Voting Power           0
Bene-ficially                                          (See footnote * below)
Owned by Each
Reporting Person
With
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                    8.     Shared Voting Power         0
                                                       (See footnote * below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                    9.     Sole Dispositive Power      (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                    10.    Shared Dispositive Power    33,339,161
                                                       (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         11.      Aggregate Amount Beneficially Owned by Each Reporting Person
                  33,339,161 shares of Common Stock (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         12.      Check if the  Aggregate  Amount in Row (11)  Excludes  Certain
                  Shares [_]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         13.      Percent of Class Represented by Amount in Row (11)
                  63.2% (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         14.      Type of Reporting Person           PN
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
(*) The Reporting Person together with the other Reporting  Persons named herein
may be deemed to  beneficially  own shares of the  Issuer's  Series A  Preferred
Stock that are  convertible  into shares of Common  Stock as  indicated  herein,
however,  the Reporting  Person has agreed pursuant to an Investment  Agreement,
dated as of April 19, 2001, by and among the Issuer,  the Reporting Person named
on this cover page and certain other persons named in such Investment Agreement,
for a period  commencing on the Closing Date and ending on the fifth anniversary
thereof,  not to convert such Series A Preferred  Stock into Common Stock except
in connection with the disposition of such Common Stock to an unaffiliated third
party.  As such,  notwithstanding  the right of the  Reporting  Persons to elect
directors as described  herein,  the Reporting Person has no ability to exercise
voting power with respect to the Common Stock following  conversion  during such
time period.
<PAGE>
                                  SCHEDULE 13D
CUSIP No. 001669 10 0                                         Page 7 of 16 Pages
-------------------------------------------------------------------------------
         1.       Names of Reporting Persons.
                  I.R.S. Identification Nos. of above persons (entities only).
-------------------------------------------------------------------------------
                  Apollo Overseas Partners V, L.P.
-------------------------------------------------------------------------------
         2.       Check the Appropriate Box if a Member of a Group
                  (a) [_]
                  (b) [X]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         3.       SEC Use Only
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         4.       Source of Funds
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         5.       Check if Disclosure of Legal  Proceedings Is Required Pursuant
                  to Items 2(d) or 2(e) [_]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         6.       Citizenship or Place of Organization           Cayman Islands
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Number of Shares    7.     Sole Voting Power           0
Bene-ficially                                          (See footnote * below)
Owned by Each
Reporting Person
With
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                    8.     Shared Voting Power         0
                                                       (See footnote * below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                    9.     Sole Dispositive Power      (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                    10.    Shared Dispositive Power    33,339,161
                                                       (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         11.      Aggregate Amount Beneficially Owned by Each Reporting Person
                  33,339,161 shares of Common Stock (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         12.      Check if the  Aggregate  Amount in Row (11)  Excludes  Certain
                  Shares [_]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         13.      Percent of Class Represented by Amount in Row (11)
                  63.2% (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         14.      Type of Reporting Person           PN
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
(*) The Reporting Person together with the other Reporting  Persons named herein
may be deemed to  beneficially  own shares of the  Issuer's  Series A  Preferred
Stock that are  convertible  into shares of Common  Stock as  indicated  herein,
however,  the Reporting  Person has agreed pursuant to an Investment  Agreement,
dated as of April 19, 2001, by and among the Issuer,  the Reporting Person named
on this cover page and certain other persons named in such Investment Agreement,
for a period  commencing on the Closing Date and ending on the fifth anniversary
thereof,  not to convert such Series A Preferred  Stock into Common Stock except
in connection with the disposition of such Common Stock to an unaffiliated third
party.  As such,  notwithstanding  the right of the  Reporting  Persons to elect
directors as described  herein,  the Reporting Person has no ability to exercise
voting power with respect to the Common Stock following  conversion  during such
time period.
<PAGE>
                                  SCHEDULE 13D
CUSIP No. 001669 10 0                                         Page 8 of 16 Pages
-------------------------------------------------------------------------------
         1.       Names of Reporting Persons.
                  I.R.S. Identification Nos. of above persons (entities only).
-------------------------------------------------------------------------------
                  Apollo Advisors V, L.P.
-------------------------------------------------------------------------------
         2.       Check the Appropriate Box if a Member of a Group
                  (a) [_]
                  (b) [X]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         3.       SEC Use Only
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         4.       Source of Funds
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         5.       Check if Disclosure of Legal  Proceedings Is Required Pursuant
                  to Items 2(d) or 2(e) [_]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         6.       Citizenship or Place of Organization                 Delaware
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Number of Shares    7.     Sole Voting Power         0
Bene-ficially                                        (See footnote * below)
Owned by Each
Reporting Person
With
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                    8.     Shared Voting Power       0
                                                     (See footnote * below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                    9.     Sole Dispositive Power    (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                    10.    Shared Dispositive Power  33,479,759
                                                     (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         11.      Aggregate Amount Beneficially Owned by Each Reporting Person
                  33,479,759 shares of Common Stock (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
12.           Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         13.      Percent of Class Represented by Amount in Row (11)
                   63.4% (See Item 5 below) [_]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         14.      Type of Reporting Person           PN
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
(*) The Reporting Person together with the other Reporting  Persons named herein
may be deemed to  beneficially  own shares of the  Issuer's  Series A  Preferred
Stock that are  convertible  into shares of Common  Stock as  indicated  herein,
however,  the Reporting  Person has agreed pursuant to an Investment  Agreement,
dated as of April 19, 2001, by and among the Issuer,  the Reporting Person named
on this cover page and certain other persons named in such Investment Agreement,
for a period  commencing on the Closing Date and ending on the fifth anniversary
thereof,  not to convert such Series A Preferred  Stock into Common Stock except
in connection with the disposition of such Common Stock to an unaffiliated third
party.  As such,  notwithstanding  the right of the  Reporting  Persons to elect
directors as described  herein,  the Reporting Person has no ability to exercise
voting power with respect to the Common Stock following  conversion  during such
time period.

<PAGE>
                                  SCHEDULE 13D
CUSIP No. 001669 10 0                                         Page 9 of 16 Pages
-------------------------------------------------------------------------------
         1.       Names of Reporting Persons.
                  I.R.S. Identification Nos. of above persons (entities only).
-------------------------------------------------------------------------------
                  Apollo Management V, L.P.
-------------------------------------------------------------------------------
         2.       Check the Appropriate Box if a Member of a Group
                  (a) [_]
                  (b) [X]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         3.       SEC Use Only
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         4.       Source of Funds
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         5.       Check if Disclosure of Legal  Proceedings Is Required Pursuant
                  to Items 2(d) or 2(e) [_]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         6.       Citizenship or Place of Organization                 Delaware
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Number of Shares    7.     Sole Voting Power           0
Bene-ficially                                          (See footnote * below)
Owned by Each
Reporting Person
With
------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                    8.     Shared Voting Power         0
                                                       (See footnote * below)
------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                    9.     Sole Dispositive Power      (See Item 5 below)
------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                    10.    Shared Dispositive Power    33,479,759
                                                       (See Item 5 below)
------------------------------------------------------------------------------
------------------------------------------------------------------------------
         11.      Aggregate Amount Beneficially Owned by Each Reporting Person
                  33,479,759 shares of Common Stock (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         12.      Check if the  Aggregate  Amount in Row (11)  Excludes  Certain
                  Shares [_]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         13.      Percent of Class Represented by Amount in Row (11)
                  63.4% (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         14.      Type of Reporting Person           PN
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
(*) The Reporting Person together with the other Reporting  Persons named herein
may be deemed to  beneficially  own shares of the  Issuer's  Series A  Preferred
Stock that are  convertible  into shares of Common  Stock as  indicated  herein,
however,  the Reporting  Person has agreed pursuant to an Investment  Agreement,
dated as of April 19, 2001, by and among the Issuer,  the Reporting Person named
on this cover page and certain other persons named in such Investment Agreement,
for a period  commencing on the Closing Date and ending on the fifth anniversary
thereof,  not to convert such Series A Preferred  Stock into Common Stock except
in connection with the disposition of such Common Stock to an unaffiliated third
party.  As such,  notwithstanding  the right of the  Reporting  Persons to elect
directors as described  herein,  the Reporting Person has no ability to exercise
voting power with respect to the Common Stock following  conversion  during such
time period.
<PAGE>
                                  SCHEDULE 13D
CUSIP No. 001669 10 0                                        Page 10 of 16 Pages
-------------------------------------------------------------------------------
         1.       Names of Reporting Persons.
                  I.R.S. Identification Nos. of above persons (entities only).
-------------------------------------------------------------------------------
                  AP Entertainment, LLC
-------------------------------------------------------------------------------
         2.       Check the Appropriate Box if a Member of a Group
                  (a) [_]
                  (b) [X]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         3.       SEC Use Only
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         4.       Source of Funds
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         5.       Check if Disclosure of Legal  Proceedings Is Required Pursuant
                  to Items 2(d) or 2(e) [_]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         6.       Citizenship or Place of Organization                 Delaware
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Number of Shares    7.     Sole Voting Power         0
Bene-ficially                                        (See footnote * below)
Owned by Each
Reporting Person
With
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                    8.     Shared Voting Power       0
                                                     (See footnote * below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                    9.     Sole Dispositive Power    (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                    10.    Shared Dispositive Power  33,339,161
                                                     (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         11.      Aggregate Amount Beneficially Owned by Each Reporting Person
                  33,339,161 shares of Common Stock (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         12.      Check if the  Aggregate  Amount in Row (11)  Excludes  Certain
                  Shares [_]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         13.      Percent of Class Represented by Amount in Row (11)
                  63.2% (See Item 5 below)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
         14.      Type of Reporting Person           OO
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
(*) The Reporting Person together with the other Reporting  Persons named herein
may be deemed to  beneficially  own shares of the  Issuer's  Series A  Preferred
Stock that are  convertible  into shares of Common  Stock as  indicated  herein,
however,  the Reporting  Person has agreed pursuant to an Investment  Agreement,
dated as of April 19, 2001, by and among the Issuer,  the Reporting Person named
on this cover page and certain other persons named in such Investment Agreement,
for a period  commencing on the Closing Date and ending on the fifth anniversary
thereof,  not to convert such Series A Preferred  Stock into Common Stock except
in connection with the disposition of such Common Stock to an unaffiliated third
party.  As such,  notwithstanding  the right of the  Reporting  Persons to elect
directors as described  herein,  the Reporting Person has no ability to exercise
voting power with respect to the Common Stock following  conversion  during such
time period.
<PAGE>
                                                             Page 11 of 16 Pages


          This Amendment No. 2 amends and supplements the following Items of the
Statement on Schedule 13D of Apollo  Investment Fund IV, L.P. ("AIF IV"); Apollo
Overseas Partners IV, L.P. ("AOP IV"); Apollo Investment Fund V, L.P. ("AIF V");
Apollo  Overseas  Partners V, L.P. ("AOP V" and together with AIV IV, AOP IV and
AIF V, the "Apollo Funds"); AP Entertainment LLC ("AP LLC"); Apollo Advisors IV,
L.P.; Apollo Management IV, L.P.; Apollo Advisors V, L.P.; and Apollo Management
V, L.P. (collectively,  the "Reporting Persons"),  originally filed on April 27,
2001 with the Securities and Exchange Commission, and as further amended on July
7, 2001 (the "Schedule 13D"),  with respect to the common stock, par value $0.66
2/3 per share  (the  "Common  Stock"),  of AMC  Entertainment  Inc.,  a Delaware
corporation  (the  "Issuer").  Responses to each item below are  incorporated by
reference into each other item as applicable.  Unless otherwise  indicated,  all
capitalized terms used but not defined herein have the meanings set forth in the
Schedule 13D.

Item 4.  Purpose of Transaction.

          Item 4 is hereby amended and supplemented by adding the following text
to the end thereto as follows:

          On April 19, 2001, the Reporting  Persons  beneficially  acquired from
the Issuer an aggregate of 92,000 shares of Series A Preferred Stock and 158,000
shares of Series B Preferred  Stock pursuant to the Investment  Agreement  dated
April 19,  2001,  (the  "Investment  Agreement").  The Series A Preferred  Stock
beneficially  acquired  by the  Reporting  Persons  at  the  Closing  Date  were
initially  convertible  into an aggregate of 12,867,133  shares of Common Stock,
representing approximately 39.8% of the Issuer's Common Stock on a fully diluted
basis.  The Series B Preferred  Stock  beneficially  acquired  by the  Reporting
Persons was to be  automatically  exchanged for Series A Preferred  Stock if and
when the  stockholders  of the  Issuer  approve  an  amendment  to the  Issuer's
Certificate  of  Incorporation  increasing  the number of  authorized  shares of
Common Stock to allow for the  conversion  of the Series A Preferred  Stock into
the Common Stock, including those shares of Series A Preferred Stock received as
a result of the exchange of the Series B Preferred  Stock for Series A Preferred
Stock (the "Shareholder  Approval").  Under the Investment Agreement, the Issuer
was required to seek Shareholder Approval at its next regularly scheduled annual
meeting which was to take place no later than 270 days after the Closing Date.

          On  September  13,  2001,  the  Issuer's   stockholders  approved  the
amendment to the Issuer's Certificate of Incorporation  increasing the number of
authorized shares of Common Stock and, as a result of such Shareholder Approval,
the  shares of  Series B  Preferred  Stock  beneficially  held by the  Reporting
Persons were  automatically  exchanged for 150,653  shares of Series A Preferred
Stock (the "Exchange"). As described in the initial Schedule 13D, the holders of
Series A Preferred Stock are entitled to receive quarterly dividends that are to
be paid in  additional  shares of Series A  Preferred  Stock  during the periods
described in the initial  Schedule 13D and in the Certificate of Designations so
that  additional  shares of Series A Preferred  Stock will continue to accrue to
the benefit of the holders of Series A Preferred  Stock.  A  description  of the
terms of the Series A Preferred  Stock is set forth in the initial  Schedule 13D

<PAGE>
                                                             Page 12 of 16 Pages

and in the  agreements  attached  as exhibits  to the  Schedule  13D and each is
hereby incorporated herein by reference.

          The shares of  Preferred  Stock  described  in this  Schedule 13D were
acquired for general investment  purposes.  Notwithstanding  the foregoing,  the
Reporting Persons retain the right to change their investment intent, to propose
one or more possible transactions to the Issuer's Board of Directors, to acquire
additional  shares of  Preferred  Stock or Common  Stock from time to time or to
sell or otherwise  dispose of all or part of the  Preferred  Stock  beneficially
owned by them (or any shares of Common Stock into which such Preferred Stock are
converted)  in any manner  permitted by law. In addition,  the Apollo Funds have
the  right to elect  three  members  to the  Issuer's  Board  of  Directors.  As
directors of the Issuer,  the three  members of the Issuer's  Board of Directors
elected by the Apollo Funds may have influence over the corporate  activities of
the Issuer,  including activities which may relate to transactions  described in
subparagraphs (a) through (j) of Item 4 of Schedule 13D.

Item 5.  Interest in Securities of the Issuer.

          Item 5 is hereby amended and supplemented as follows:

(a)  (i) After  giving  effect to the  Exchange,  the  Reporting  Persons may be
deemed to collectively beneficially own an aggregate of 238,375 shares of Series
A Preferred  Stock.  As  previously  reported,  the shares of Series A Preferred
Stock held by the Reporting Persons may be converted,  in whole or in part, into
Common  Stock at an  initial  conversion  price of $7.15 per  share,  subject to
certain adjustments, with each share of Series A Preferred Stock being valued at
the then current Series A Preferred Stock liquidation  preference amount.  Based
on the  foregoing,  the  Reporting  Persons  may be deemed to  collectively  own
33,339,161  shares of Common Stock assuming the conversion of the 238,375 shares
of Series A  Preferred  Stock held by the  Reporting  Persons.  Such  33,339,161
shares of Common Stock represent  63.2% of the Outstanding  Shares (as described
below),  subject to certain  restrictions  on  conversion  of Series A Preferred
Stock. For purposes of calculating  ownership  percentages in this Schedule 13D,
the number of  "Outstanding  Shares"  includes (i)  19,427,098  shares of Common
Stock  outstanding  as of June 28, 2001 based on  information  contained  in the
Issuer's  most recent Form 10-Q and (ii) the shares of Common Stock  issuable to
the Reporting  Persons upon conversion of the shares of Series A Preferred Stock
currently held by such persons.  The number of shares of Common Stock into which
shares of Series A Preferred  Stock are convertible may vary upon the occurrence
of certain  events as  described  in Item 4.  Beneficial  ownership  of all such
securities  was  acquired  as  described  in Item 3 and  Item 4.  See  also  the
information  contained  on the  cover  pages  to  this  Schedule  13D  which  is
incorporated by reference.  Each of the Reporting  Persons  expressly  disclaims
beneficial  ownership of those shares of  Preferred  Stock not directly  held by
them.  Furthermore,  the  filing  of this  Schedule  13D  shall not be deemed an
admission that any of the Reporting Persons is, for purposes of Section 13(d) of
the Act, the beneficial owner of the securities  (including the Common Stock) of
the Issuer described herein.

     (ii) Pursuant to the transactions described in Item 5(c)(ii) below, the AIF
IV Reporting Persons may be deemed to collectively beneficially own an aggregate
of  140,598  Shares  of  Common  Stock of the  Issuer  representing  0.7% of the
outstanding shares of Common Stock of the Issuer.

<PAGE>
                                                             Page 13 of 16 Pages

(b)  (i) After  giving  effect to the  Exchange,  the  Reporting  Persons may be
deemed  to have  shared  dispositive  power  with  respect  to an  aggregate  of
33,339,161  shares of Common  Stock.  As  explained in the footnote to the cover
pages to this  statement on Schedule 13D, the  Reporting  Persons have agreed in
the Investment  Agreement not to convert any shares of Series A Preferred  Stock
into  Common  Stock  until  April  2006,   except  in  connection  with  certain
dispositions to unaffiliated third parties.  As such,  notwithstanding the right
of certain of the  Reporting  Persons to elect  directors  as  described in this
Schedule  13D, the  Reporting  Persons have no ability to exercise  voting power
with respect to the Common Stock following conversion during such period.

     (ii) With respect to the 140,598  shares of Common Stock  described in Item
5(a)(ii),  AIF IV may be deemed to have sole voting and  dispositive  power with
respect to the 133,189  shares of Common Stock held  directly by AIF IV; and AOP
IV may be deemed to have sole voting and  dispositive  power with respect to the
7,409 shares of Common Stock held directly by AOP IV. Advisors IV and Management
IV may be deemed to have shared dispositive powers with respect to the aggregate
of such 140,598 shares of Common Stock held by AIF IV and AOP IV.

(c)  (i) As described  in Item 4 hereof,  on  September  13,  2001,  the Company
obtained Shareholder Approval and, as a result of such approval and as described
in the Schedule 13D, the Shares of Series B Preferred Stock beneficially held by
the  Reporting  Persons  were  automatically  exchanged  for  Shares of Series A
Preferred  Stock.  Subject to the retroactive  reduction of the dividend rate on
the  Series  B  Preferred  Stock  as  described  in the  Schedule  13D  and  the
Certificate of Designations, the shares of Series B Preferred Stock beneficially
held by the Reporting Persons were  automatically  exchanged for an aggregate of
150,563 shares of Series A Preferred  Stock. The price of each share of Series B
Preferred Stock  beneficially  acquired by the Reporting  Persons at the Closing
Date was $1,000 per share.

     (ii) On August 16,  2001,  AIF IV and AOP IV agreed to acquire in a private
transaction  an aggregate of 140,598 shares of Common Stock at a price of $11.38
per share for an aggregate purchase price of $1,600,005.24.  The closing of such
purchases  occurred on August 20, 2001. The purchases were financed with cash on
hand from contributions of partners of AIF IV and AOP IV. All such contributions
are in the ordinary course and pursuant to (equity) investor commitments.


(d)     Not applicable.

(e)     Not applicable.





<PAGE>

                                                             Page 14 of 16 Pages


Signature

     After reasonable inquiry and to the best of their knowledge and belief, the
undersigned  certify that the  information  set forth in this statement is true,
complete and correct.


September 28, 2001          APOLLO INVESTMENT FUND IV, L.P.

                             By:      APOLLO ADVISORS IV, L.P.
                                      its general partner

                             By:      Apollo Capital Management IV, Inc.
                                      its general partner

                             By:       /s/ Michael D. Weiner
                                      -----------------------------------
                                      Name:    Michael D. Weiner
                                      Title:   Vice President


September 28, 2001          APOLLO OVERSEAS PARTNERS IV, L.P.

                             By:      APOLLO ADVISORS IV, L.P.
                                      its managing general partner

                             By:      Apollo Capital Management IV, Inc.
                                      its general partner

                             By:       /s/ Michael D. Weiner
                                      -----------------------------------
                                      Name:    Michael D. Weiner
                                      Title:   Vice President


September 28, 2001          APOLLO ADVISORS IV, L.P.
                             its capacity as managing general partner
                             to Apollo Investment Fund IV, L.P. and
                             Apollo Overseas Partners IV, L.P.

                             By:      Apollo Capital Management IV, Inc.
                                      its general partner

                             By:       /s/ Michael D. Weiner
                                      -----------------------------------
                                      Name:    Michael D. Weiner
                                      Title:   Vice President



<PAGE>
                                                             Page 15 of 16 Pages


September 28, 2001          APOLLO MANAGEMENT IV, L.P.
                             in its capacity as investment manager to
                             Apollo Investment Fund IV, L.P. and
                             Apollo Overseas Partners IV, L.P.

                             By:      AIF IV Management, Inc.
                                      its general partner

                             By:       /s/ Michael D. Weiner
                                      -----------------------------------
                                      Name:    Michael D. Weiner
                                      Title:   Vice President


September 28, 2001          APOLLO INVESTMENT FUND V, L.P.

                             By:      APOLLO ADVISORS V, L.P.
                                      its general partner

                             By:      Apollo Capital Management V, Inc.
                                      its general partner

                             By:       /s/ Michael D. Weiner
                                      -----------------------------------
                                      Name:    Michael D. Weiner
                                      Title:   Vice President


September 28, 2001          APOLLO OVERSEAS PARTNERS V, L.P.

                             By:      APOLLO ADVISORS V, L.P.
                                      its managing general partner

                             By:      Apollo Capital Management V, Inc.
                                      its general partner

                             By:       /s/ Michael D. Weiner
                                      -----------------------------------
                                      Name:    Michael D. Weiner
                                      Title:   Vice President


<PAGE>
                                                             Page 16 of 16 Pages

September 28, 2001          AP ENTERTAINMENT, LLC

                             By:      Apollo Management V, L.P.
                                      its manager

                             By:      AIF V Management, Inc.
                                      its general partner

                             By:       /s/ Michael D. Weiner
                                      -----------------------------------
                                      Name:    Michael D. Weiner
                                      Title:   Vice President



September 28, 2001          APOLLO ADVISORS V, L.P.
                             in its capacity as managing general partner of
                             Apollo Investment Fund V, L.P. and
                             Apollo Overseas Partners V, L.P.

                             By:      Apollo Capital Management V, Inc.
                                      its general partner

                             By:       /s/ Michael D. Weiner
                                      -----------------------------------
                                      Name:    Michael D. Weiner
                                      Title:   Vice President


September 28, 2001          APOLLO MANAGEMENT V, L.P.
                             in its capacity as investment manager to
                             Apollo Investment Fund V, L.P.
                             and Apollo Overseas Partners V, L.P.

                             By:      AIF V Management, Inc.
                                      its general partner

                             By:       /s/ Michael D. Weiner
                                      -----------------------------------
                                      Name:    Michael D. Weiner
                                      Title:   Vice President





</TEXT>
</DOCUMENT>
</SUBMISSION>
