NCO GROUP INC
SC 13G/A, 1998-02-13
CONSUMER CREDIT REPORTING, COLLECTION AGENCIES
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 SCHEDULE 13G/A

                        Under the Securities Act of 1934


                                 NCO Group, Inc.
                                ----------------
                                (Name of Issuer)

                           Common Stock, no par value
                          ---------------------------
                         (Title of Class of Securities)

                                    628858102
                                   -----------
                                 (CUSIP Number)




The information required in 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 1 of 4 Pages
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- -------------------------------                    -----------------------------
CUSIP NO.     628858102                13G                 Page 2 of 4 Pages
          ---------------                                                       
- -------------------------------                    -----------------------------

- --------------------------------------------------------------------------------
   1       NAME OF REPORTING PERSON
           S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON

           Michael J. Barrist


- --------------------------------------------------------------------------------
   2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*           (a)  [ ]
                                                                       (b)  [ ]
           Not Applicable

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


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

           United States

- --------------------------------------------------------------------------------
                             5      SOLE VOTING POWER

                                    2,638,071 (See Item 4)
       NUMBER OF
        SHARES              ----------------------------------------------------
     BENEFICIALLY            6      SHARED VOTING POWER
       OWNED BY
         EACH                       77,119 (See Item 4)
       REPORTING
        PERSON              ----------------------------------------------------
          WITH
                             7      SOLE DISPOSITIVE POWER
                             
                                    2,344,783 (See Item 4)
                                   
                            ----------------------------------------------------
                           
                             8      SHARED DISPOSITIVE POWER
                                   
                                    77,119 (See Item 4)
                             

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


   9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           2,715,190 (See Item 4)
- --------------------------------------------------------------------------------
   10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
           SHARES  See Item 4
                                                                            [X]

- --------------------------------------------------------------------------------
   11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

           20.4% (See Item 4)
- --------------------------------------------------------------------------------
   12      TYPE OF REPORTING PERSON*

           IN
- --------------------------------------------------------------------------------

                      * SEE INSTRUCTION BEFORE FILLING OUT!


                               Page 2 of 4 Pages
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Item 1(a)       Name of Issuer:
               ----------------               
                NCO Group, Inc. (the "Corporation")

Item 1(b)       Address of Issuer's Principal Executive Offices:
               -------------------------------------------------
                515 Pennsylvania Avenue
                Fort Washington, PA 19034

Item 2(a)       Name of Person Filing:
               -----------------------
                Michael J. Barrist

Item 2(b)       Address of Principal Business Office:
               --------------------------------------
                NCO Group, Inc.
                515 Pennsylvania Avenue
                Fort Washington, PA 19034  

Item 2(c)       Citizenship:
               -------------
                United States

Item 2(d)       Title of Class of Securities:
               ------------------------------
                Common stock, no par value

Item 2(e)       CUSIP Number:  628858102
               --------------
Item 3          Not Applicable

Item 4          Ownership:
               -----------
                (a) Amount Beneficially Owned: 2,715,190(1)
                (b) Percent of Class: 20.4%(2)

- ----------------------------
  (1)Includes: (i) 293,288 shares of Common Stock owned by Annette Barrist which
  Michael J. Barrist has the sole right to vote pursuant to an irrevocable proxy
  (the "Proxy Shares"); and (ii) 77,119 shares held in trusts for the benefit of
  members of Annette Barrist's or Michael Barrist's family for which Michael J.
  Barrist is a co-trustee (the "Trust Shares"). Excludes 179,160 shares held in
  trust for the benefit of Michael J. Barrist's child, as to which Michael J.
  Barrist disclaims beneficial ownership. Annette Barrist is the mother of
  Michael J. Barrist.
  (2) Based on 13,291,727 shares outstanding as of 12/31/97.

<PAGE>


                (c) Number of Shares as to which such person has

                      (i)   sole power to vote/direct the vote: 2,638,071(3)
                      (ii)  shared power to vote/direct the vote: 77,119(4)
                      (iii) sole power to dispose/direct the disposition 
                             of: 2,344,783(5)
                      (iv)  shared power to dispose/direct the disposition
                             of: 77,119(6)

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

                Not Applicable.

Item 6          Ownership of More Than Five Percent on Behalf of Another Person:

                Annette Barrist has the sole power to dispose or direct the
                disposition of 293,288 Shares, which Michael J. Barrist has
                the sole power to vote or direct the vote of pursuant to an
                irrevocable proxy. (See Item 4)

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

                Not Applicable.

Item 8          Identification and Classification of Members of the Group:

                Not Applicable.

Item 9          Notice of Dissolution of Group:

                Not Applicable.

Item 10         Certification
                By signing below I certify that, to the best of my knowledge
                and belief, the securities referred to above were acquired in
                the ordinary course of business and were not acquired for the
                purpose of and do not have the effect of changing or
                influencing the control of the issuer of such securities and
                were not acquired in connection with or as a participant in
                any transaction having such purposes or effect.

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.

Date: 2/13/98                               /s/ Michael J. Barrist
      ---------------------                 --------------------------------
                                                Michael J. Barrist
- --------------------------
  (3)Includes all shares shown as beneficially owned in Item 4(a) except the
     Trust Shares.
  (4)Includes only the Trust Shares.
  (5)Includes all shares shown as beneficially owned in Item 4(a) except the 
     Proxy Shares and the Trust Shares.
  (6)Includes only the Trust Shares.


                               Page 4 of 4 Pages



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