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424B3
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form 424B3 on 09/01/1999
Entire Document
 
<PAGE>   128
 
1998 OPTION GRANTS
 
     The following table shows individual grants of options made to certain
executive officers during the fiscal year ended December 31, 1998.
 

<TABLE>
<CAPTION>
                                                                              POTENTIAL REALIZABLE VALUE
                       NUMBER OF                                               AT ASSUMED ANNUAL RATES
                       MEMBERSHIP    % OF TOTAL                                 OF MEMBERSHIP INTEREST
                       INTERESTS      OPTIONS                                     PRICE APPRECIATION
                       UNDERLYING    GRANTED TO                                   FOR OPTION TERM(1)
                        OPTIONS      EMPLOYEES      EXERCISE     EXPIRATION   --------------------------
NAME                    GRANTED       IN 1998         PRICE         DATE          5%            10%
----                   ----------   ------------   -----------   ----------   -----------   ------------
<S>                    <C>          <C>            <C>           <C>          <C>           <C>
Jerald L. Kent.......  7,044,127(2)       100%       $20.00       12/22/08    $88,600,272   $224,530,486
Barry L. Babcock.....         --         --              --             --             --             --
Howard L. Wood.......         --         --              --             --             --             --
David G. Barford.....         --         --              --             --             --             --
Curtis S. Shaw.......         --         --              --             --             --             --
</TABLE>

 
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(1) This column shows the hypothetical gains on the options granted based on
    assumed annual compound price appreciation of 5% and 10% over the full
    ten-year term of the options. The assumed rates of appreciation are mandated
    by the Securities and Exchange Commission and do not represent our estimate
    or projection of future prices.
 
(2) Options for membership interests in Charter Communications Holding Company
    granted pursuant to an employment agreement and a related option agreement
    which amends the options granted under the employment agreement. The
    agreements provide that Mr. Kent receive an option to purchase 3% of the
    equity value of all of the cable systems managed by Charter Investment.
    Accordingly, Mr. Kent currently has an option to purchase 3% of the
    membership interests of Charter Communications Holding Company. The option
    has a term of 10 years and vested one fourth on December 23, 1998, with the
    remaining vesting monthly at a rate of 1/36th on the first of each month for
    months 13 through 48.
 
1998 AGGREGATED OPTION EXERCISES AND OPTION VALUE TABLE
 
     The following table sets forth for certain executive officers information
concerning the options granted during the fiscal year ended December 31, 1998,
and the value of unexercised options as of December 31, 1998.
 

<TABLE>
<CAPTION>
                                           NUMBER OF                  VALUE OF UNEXERCISED
                                     SECURITIES UNDERLYING                IN-THE-MONEY
                                      UNEXERCISED OPTIONS                  OPTIONS AT
                                      AT DECEMBER 31, 1998            DECEMBER 31, 1998(1)
                                  ----------------------------    ----------------------------
                                  EXERCISABLE    UNEXERCISABLE    EXERCISABLE    UNEXERCISABLE
                                  -----------    -------------    -----------    -------------
<S>                               <C>            <C>              <C>            <C>
Jerald L. Kent..................   1,761,032       5,283,095              --              --
Barry L. Babcock................          --              --              --              --
Howard L. Wood..................          --              --              --              --
David G. Barford................          --              --              --              --
Curtis S. Shaw..................          --              --              --              --
</TABLE>

 
---------------
(1) No options were in-the-money as of December 31, 1998.
 
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