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   1
   AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON FEBRUARY 17, 1995

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                               ------------------

                      AMENDMENT NO. 21 -- FINAL AMENDMENT

                                       TO

                                 SCHEDULE 13E-3

          RULE 13E-3 TRANSACTION STATEMENT (PURSUANT TO SECTION 13(E)
                    OF THE SECURITIES EXCHANGE ACT OF 1934)

                                   QVC, INC.
                                (Name of Issuer)

                                   QVC, INC.
                              COMCAST CORPORATION
                           TELE-COMMUNICATIONS, INC.
                      (Name of Person(s) Filing Statement)

                     COMMON STOCK, $.01 PAR VALUE PER SHARE
                         (Title of Class of Securities)

                                  747262 10 3
                     (CUSIP Number of Class of Securities)

                               ------------------

   Neal S. Grabell            Stanley L. Wang             Stephen M. Brett
      QVC, Inc.             Comcast Corporation       Tele-Communications, Inc.
1365 Enterprise Drive        1500 Market Street           5619 DTC Parkway
West Chester, PA 19380     Philadelphia, PA 19102       Englewood, CO 80111
    (610) 430-1000            (215) 665-1700               (303) 267-5500

      (Name, Address and Telephone Number of Persons Authorized to Receive
      Notices and Communications on Behalf of Person(s) Filing Statement)


                                   Copies to:


      Pamela S. Seymon             Dennis S. Hersch       Frederick H. McGrath
Wachtell, Lipton, Rosen & Katz   Davis Polk & Wardwell    Baker & Botts, L.L.P.
     51 West 52nd Street         450 Lexington Avenue       885 Third Avenue
     New York, NY 10019           New York, NY 10017       New York, NY 10022
       (212) 403-1000               (212) 450-4000           (212) 705-5000



                                AUGUST 11, 1994

                      (Date Tender Offer First Published,
                       Sent or Given to Securityholders)



                               Page 1 of 4 Pages

   2

         Comcast Corporation, Tele-Communications, Inc. and QVC, Inc. hereby
amend and supplement the Rule 13e-3 Transaction Statement on Schedule 13E-3 of
QVC Programming Holdings, Inc., Comcast Corporation, Tele-Communications, Inc.
and QVC, Inc. filed with the Securities and Exchange Commission on August 11,
1994 (as previously amended and supplemented the "Schedule 13E-3"), with respect
to Bidders' Offer to Purchase for cash all outstanding shares of Common Stock
and Preferred Stock of QVC.

         Information contained in the Schedule 13E-3 as hereby amended and
supplemented with respect to Comcast, Liberty and the Company and their
respective executive officers, directors and controlling persons is given solely
by such person, and no other person has responsibility for the accuracy or
completeness of information supplied by such other persons.

         Capitalized terms used but not defined herein shall have the meaning
assigned to them in the Schedule 13E-3.

ITEM 5.  PLANS OR PROPOSALS OF THE ISSUER OR AFFILIATE.

         The answer to Items 5(f) and 5(g) of Amendment No. 21 - - Final
Amendment to the Schedule 14D-1 is incorporated herein by reference.

ITEM 6.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

         The answer to Items 4(a) and 4(b) of Amendment No. 21 - - Final
Amendment to the Schedule 14D-1 is incorporated herein by reference.

ITEM 10. INTERESTS IN SECURITIES OF THE ISSUER.

         The answer to Item 6 of Amendment No. 21 -- Final Amendment to the
Schedule 14D-1 is incorporated herein by reference.

ITEM 17. MATERIAL TO BE FILED AS EXHIBITS.

         (b)(6) Credit Agreement, dated as of February 15, 1995, among the
Surviving Corporation and the Banks listed on the signature pages thereof.*

         (d)(33) Notice of Merger dated February 17, 1995.*

         (d)(34) Letter of Transmittal to accompany Notice of Merger (including
Guidelines for Certification of Taxpayer Identification Number on Substitute
Form W-9).*

- --------
     *Incorporated by reference to Amendment No. 21 -- Final Amendment to the 
Schedule 14D-1.


                               Page 2 of 4 Pages
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                                   SIGNATURE

         After due 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.

Dated:  February 17, 1995

                                           QVC, INC.

                                           By: /s/ NEAL S. GRABELL
                                               -----------------------------
                                               Name: Neal S. Grabell
                                               Title: Senior Vice President,
                                                      General Counsel and
                                                      Corporate Secretary

                                           COMCAST CORPORATION

                                           By: /s/ JULIAN A. BRODSKY
                                               -----------------------------
                                               Name: Julian A. Brodsky
                                               Title: Vice Chairman

                                           TELE-COMMUNICATIONS, INC.

                                           By: /s/ STEPHEN M. BRETT
                                               -----------------------------
                                               Name: Stephen M. Brett
                                               Title: Executive Vice
                                                      President



                               Page 3 of 4 Pages

   4


                                 EXHIBIT INDEX

EXHIBIT SEQUENTIALLY NUMBER DESCRIPTION NUMBERED PAGE - ------- ----------- ------------- (b)(6) Credit Agreement, dated as of February 15, 1995, among the Surviving Corporation and the Banks listed on the signature pages thereof.* (d)(33) Notice of Merger dated February 17, 1995.* (d)(34) Letter of Transmittal to accompany Notice of Merger (including Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9).*
- -------- *Incorporated by reference to Amendment No. 21 -- Final Amendment to the Schedule 14D-1. Page 4 of 4 Pages