RIPPS HAROLD W
SC 13G, 2000-02-14
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G
                                 (Rule 13d-102)


                    Under the Securities Exchange Act of 1934
                               (Amendment No. 1)*


                       Colonial Realty Limited Partnership
- -------------------------------------------------------------------------------
                                (Name of Issuer)

                  Class A Units of Limited Partnership Interest
- -------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                 Not Applicable
                 ----------------------------------------------
                                 (CUSIP Number)

                                December 31, 1999
                ------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

         [  ] Rule 13d-1(b)
         [  ] Rule 13d-1(c)
         [X] Rule 13d-1(d)


*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  (however,  see the
Notes).


<PAGE>




                                  SCHEDULE 13G

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

CUSIP No.  Not Applicable                    Page        2    of    5     Pages
          ----------------                         -----------    --------
- -------------------------------------------------------------------------------

- --------- ---------------------------------------------------------------------
1         NAME OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)


          Harold W. Ripps

- --------- ---------------------------------------------------------------------
- --------- ---------------------------------------------------------------------
2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

          (a) |_|

          (b) |_|


- --------- ---------------------------------------------------------------------
- --------- ---------------------------------------------------------------------
3         SEC USE ONLY


- --------- ---------------------------------------------------------------------
- --------- ---------------------------------------------------------------------
4         CITIZENSHIP OR PLACE OF ORGANIZATION

          United States of America
- --------- ---------------------------------------------------------------------
- ---------------------------- ------ -------------------------------------------
                             5      SOLE VOTING POWER

         NUMBER OF                  1,908,380 Class A Units of Limited
                                    Partnership Interest ("Units")
                             ------ -------------------------------------------
                             ------ -------------------------------------------
          SHARES             6      SHARED VOTING POWER
       BENEFICIALLY
         OWNED BY                   0 Units
                             ------ -------------------------------------------
                             ------ -------------------------------------------
           EACH              7      SOLE DISPOSITIVE POWER
         REPORTING
          PERSON                    1,908,380 Units
                             ------ -------------------------------------------
                             ------ -------------------------------------------
           WITH              8      SHARED DISPOSITIVE POWER

                                     0 Units
                             ------ -------------------------------------------
- --------- ---------------------------------------------------------------------
 9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          1,908,380 Units
- --------- ---------------------------------------------------------------------
- --------- ---------------------------------------------------------------------
10        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


- --------- ---------------------------------------------------------------------
- --------- ---------------------------------------------------------------------
11        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          5.8%
- --------- ---------------------------------------------------------------------
- --------- ---------------------------------------------------------------------
12        TYPE OF REPORTING PERSON*

          IN
- --------- ---------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

<PAGE>


                                  SCHEDULE 13G

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

CUSIP No.  Not Applicable                    Page        3    of    5     Pages
          ----------------                        -----------    --------
- -------------------------------------------------------------------------------


Item 1(a).        Name of Issuer:

                  COLONIAL REALTY LIMITED PARTNERSHIP

Item 1(b).        Address of Issuer's Principal Executive Offices:

                  Colonial Plaza, Suite 750
                  2101 Sixth Avenue North
                  Birmingham, Alabama 35203

Item 2(a).        Name of Person Filing:

                  Harold W. Ripps

Item 2(b).        Address of Principal Business Office or, if None, Residence:

                  Colonial Plaza, Suite 750
                  2101 Sixth Avenue North
                  Birmingham, Alabama 35203

Item 2(c).        Citizenship:

                  United States of America

Item 2(d).        Title of Class of Securities:

                  Class A Units of Limited Partnership Interest

Item 2(e).        CUSIP Number:

                  Not Applicable

Item              3. If this  statement is filed  pursuant to  240.13d-1(b),  or
                  240.13d-2(b) or (c), check whether the person filing is a:

                  (a) [   ]         Broker or Dealer registered under Section
                                    15 of the Act.

                  (b) [   ]         Bank as defined in Section 3(a)(6) of the
                                      Act.

                  (c) [   ]         Insurance Company as defined in Section
                                    3(a)(19) of the Act.

                  (d) [   ]         Investment Company registered under Section
                                    8 of the Investment Company Act.

                  (e) [   ]         Investment Adviser in accordance with Rule
                                    13d-1(b)(1)(ii)(E).


<PAGE>


                                  SCHEDULE 13G

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

CUSIP No.  Not Applicable                     Page        4    of    5    Pages
          ----------------                         -----------    -------
- -------------------------------------------------------------------------------


                  (f) [   ]         An employee benefit plan or endowment fund;
                                    in accordance with 240.13d-1(b)(1)(ii)(F).

                  (g) [   ]         Parent Holding Company or control person,
                                    in accordance with 240.13d-1(b)(1)(ii)(G).

                  (h) [   ]         A savings association as defined in Section
                                    3(b) of the Federal Deposit Insurance Act.

                  (i)               [ ] A church plan that is excluded  from the
                                    definition  of an  Investment  Company under
                                    Section  3(c)(14) of the Investment  Company
                                    Act of 1940.

                  (j) [   ]         Group, in accordance with 240.13d-1(b)(1)
                                    (ii)(J).

Item 4.  Ownership:

                  (a)      Amount beneficially owned:  1,908,380 Units

                  (b)      Percent of Class: 5.8%

                  (c)      Number of shares as to which such person has:

                  (i) Sole power to vote or to direct the vote:  1,908,380 Units
                  (ii) Shared power to vote or to direct the vote:  0 Units
                  (iii) Sole power to dispose or to direct the disposition of:
                        1,908,380 Units
                  (iv) Shared power to dispose or to direct the disposition of:
                       0 Units

Item 5.  Ownership of Five Percent or Less of a Class.

                           If this  statement  is being filed to report the fact
                  that as of the date hereof the reporting  person has ceased to
                  be the beneficial owner of more than five percent of the class
                  of securities, check the following [ ].

Item 6.  Ownership of More than Five Percent on Behalf of Another
                  Person.

                  Not Applicable.

Item 7.  Identification and Classification of the Subsidiary Which Acquired the
         Security Being Reported on by the Parent Holding Company [  ]


<PAGE>


                                  SCHEDULE 13G

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

CUSIP No.  Not Applicable                    Page        5    of    5     Pages
          ----------------                        -----------    --------
- -------------------------------------------------------------------------------


Item 8.  Identification and Classification of Members of the Group.

                  Not applicable.

Item 9.  Notice of Dissolution of Group.

                  Not Applicable.

Item 10. Certification.

                  Not Applicable.

                                    SIGNATURE

After  reasonable  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.



                   February 14, 2000
                 ---------------------
                        (Date)



                  /s/ Howard B. Nelson Jr.
                  ------------------------
                       (Signature)




                    Howard B. Nelson Jr./
                    Chief Financial Officer
                  --------------------------
                       Name/Title
                       *Attorney in Fact


                                POWER OF ATTORNEY

          Know all by these presents,  that the undersigned  hereby  constitutes
and appoints each of Howard B. Nelson,  Jr. and John P. Rigrish,  singly and not
jointly, the undersigned's true and lawful attorney-in-fact to:

                  (1)      execute   for  and  on  behalf  of  the   undersigned
                           Schedules  13D and  13G,  and  Forms  3, 4, and 5, in
                           accordance  with  Sections  13(d)  and  16(a)  of the
                           Securities   Exchange  Act  of  1934  and  the  rules
                           thereunder;

                  (2)      do and  perform any and all acts for and on behalf of
                           the  undersigned  which may be necessary or desirable
                           to complete the execution of any such Schedule 13D or
                           13G,  or Form 3, 4, or 5, and the  timely  filing  of
                           such   schedule  or  form  with  the  United   States
                           Securities  and  Exchange  Commission  and any  other
                           authority; and

                  (3)      take  any  other  action  of any type  whatsoever  in
                           connection  with the foregoing  which, in the opinion
                           of such  attorney-in-fact,  may be of benefit  to, in
                           the best  interest  of, or legally  required  by, the
                           undersigned.

                  The  undersigned  hereby grants to each such  attorney-in-fact
full  power  and  authority  to do and  perform  all and  every  act  and  thing
whatsoever requisite,  necessary and proper to be done in the exercise of any of
the rights and powers  herein  granted,  as fully to all intents and purposes as
the  undersigned  might or could do if  personally  present,  with full power of
substitution  or  revocation,  hereby  ratifying  and  confirming  all that such
attorney-in-fact,  or such attorney-in-fact's  substitute or substitutes,  shall
lawfully  do or cause to be done by virtue  of this  power of  attorney  and the
rights  and  powers  herein  granted.  The  undersigned  acknowledges  that  the
foregoing  attorneys-in-fact,  in serving in such capacity at the request of the
undersigned,  are not  assuming  any of the  undersigned's  responsibilities  to
comply with  Section13(d)  and/or Section 16 of the  Securities  Exchange Act of
1934.  This  Power of  Attorney  can be  revoked  only by  delivering  a signed,
original "Revocation of Power of Attorney" to the attorney-in-fact.

                  IN WITNESS  WHEREOF,  the undersigned has caused this Power of
Attorney to be executed as of this 22nd day of January, 2000.



                                                       /s/ Harold W. Ripps
                                                       --------------------
                                                             Signature

                                                           Harold W. Ripps
                                                       --------------------
                                                            Print Name




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