Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Blackstone Capital Partners (Cayman) V L.P.
2. Date of Event Requiring Statement (Month/Day/Year)
01/25/2011
3. Issuer Name and Ticker or Trading Symbol
Nielsen Holdings N.V. [NLSN]
(Last)
(First)
(Middle)
C/O THE BLACKSTONE GROUP, 345 PARK AVENUE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10154
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 25,866,424
I
See footnotes (1) (8)
Common Stock 813,928
I
See footnotes (2) (8)
Common Stock 167,557
I
See footnotes (3) (8)
Common Stock 23,947,827
I
See footnotes (4) (8)
Common Stock 2,051,067
I
See footnotes (5) (8)
Common Stock 413,945
I
See footnotes (6) (8)
Common Stock 1,834,613
I
See footnotes (7) (8)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
Persons who 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.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Blackstone Capital Partners (Cayman) V L.P.
C/O THE BLACKSTONE GROUP
345 PARK AVENUE
NEW YORK, NY 10154
    X    
Blackstone Family Investment Partnership (Cayman) V L.P.
C/O THE BLACKSTONE GROUP
345 PARK AVENUE
NEW YORK, NY 10154
    X    
Blackstone Participation Partnership (Cayman) V L.P.
C/O THE BLACKSTONE GROUP
345 PARK AVENUE
NEW YORK, NY 10154
    X    
Blackstone Capital Partners (Cayman) V-A, L.P.
C/O THE BLACKSTONE GROUP
345 PARK AVENUE
NEW YORK, NY 10154
    X    
BCP (Cayman) V-S L.P.
C/O THE BLACKSTONE GROUP
345 PARK AVENUE
NEW YORK, NY 10154
    X    
BCP V Co-Investors (Cayman) L.P.
C/O THE BLACKSTONE GROUP
345 PARK AVENUE
NEW YORK, NY 10154
    X    
Blackstone Management Associates (Cayman) V L.P.
C/O THE BLACKSTONE GROUP
345 PARK AVENUE
NEW YORK, NY 10154
    X    
Blackstone LR Associates (Cayman) V Ltd.
C/O THE BLACKSTONE GROUP
345 PARK AVENUE
NEW YORK, NY 10154
    X    
Blackstone Family Investment Partnership (Cayman) V-SMD L.P.
C/O THE BLACKSTONE GROUP
345 PARK AVENUE
NEW YORK, NY 10154
    X    
SCHWARZMAN STEPHEN A
C/O THE BLACKSTONE GROUP L.P.
345 PARK AVENUE
NEW YORK, NY 10154
    X    

Signatures

/s/ Robert Reid, Authorized Person for Blackstone Capital Partners (Cayman) V L.P. 01/25/2011
**Signature of Reporting Person Date

/s/ Robert Reid, Authorized Person for Blackstone Family Investment Partnership (Cayman) V L.P. 01/25/2011
**Signature of Reporting Person Date

/s/ Robert Reid, Authorized Person for Blackstone Participation Partnership (Cayman) V L.P. 01/25/2011
**Signature of Reporting Person Date

/s/ Robert Reid, Authorized Person for Blackstone Capital Partners (Cayman) V-A, L.P. 01/25/2011
**Signature of Reporting Person Date

/s/ Robert Reid, Authorized Person for BCP (Cayman) V-S L.P. 01/25/2011
**Signature of Reporting Person Date

/s/ Robert Reid, Authorized Person for BCP V Co-Investors (Cayman) L.P. 01/25/2011
**Signature of Reporting Person Date

/s/ Robert Reid, Authorized Person for Blackstone Management Associates (Cayman) V, L.P. 01/25/2011
**Signature of Reporting Person Date

/s/ Robert Reid, Authorized Person for Blackstone LR Associates (Cayman) V Ltd. 01/25/2011
**Signature of Reporting Person Date

/s/ Robert Reid, Authorized Person for Blackstone Family Investment Partnership (Cayman) V-SMD L.P. 01/25/2011
**Signature of Reporting Person Date

/s/ Stephen A. Schwarzman 01/25/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The securities are held by Blackstone Capital Partners (Cayman) V L.P. ("BCP V") through Valcon Acquisition Holding (Luxembourg) S.?? r.l., a private limited company incorporated under the laws of Luxembourg ("Luxco").
(2) The securities are held by Blackstone Family Investment Partnership (Cayman) V L.P. ("BFIP V") through Luxco.
(3) The securities are held by Blackstone Participation Partnership (Cayman) V L.P. ("BPPV") through Luxco.
(4) The securities are held by Blackstone Capital Partners (Cayman) V-A, L.P. ("BCP V-A") through Luxco.
(5) The securities are held by BCP (Cayman) V-S L.P. ("BCP V-S") through Luxco.
(6) The securities are held by BCP V Co-Investors (Cayman) L.P. ("BCPVC") through Luxco.
(7) The securities are held by Blackstone Family Investment Partnership (Cayman) V-SMD L.P. ("BFIP V-SMD") through Luxco.
(8) Blackstone Management Associates (Cayman) V, L.P. ("BMA") is the general partner of each of BCP V, BFIP V, BPPV, BCP V-A, BCP V-S, BCPVC and BFIP V-SMD. Blackstone LR Associates (Cayman) V Ltd. ("BLRA") is the general partner of BMA. Mr. Stephen A. Schwarzman is director and controlling person of BLRA.
 
Remarks:
Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

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