NCO GROUP INC
SC 13G/A, 1999-02-12
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
                                (Amendment No 2)*


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

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

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

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 subsequent amendment containing information which would alter the 
disclosures provided in a prior cover page.




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).


Potential persons who are to 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.

                               Page 1 of 4 Pages
<PAGE>
- -------------------------------                    -----------------------------
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

                                    2,332,238 (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 
                                                           
                                    2,108,950 (See Item 4)                
                             
                            ----------------------------------------------------
                             8      SHARED DISPOSITIVE POWER
                                   
                                    77,119 (See Item 4)
                             
- --------------------------------------------------------------------------------
   9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           2,409,357 (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

           13.4% (See Item 4)
- --------------------------------------------------------------------------------
   12      TYPE OF REPORTING PERSON*

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

                      * SEE INSTRUCTION BEFORE FILLING OUT!

                               Page 2 of 4 Pages
<PAGE>

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: 2,409,357(1)
                  (b) Percent of Class: 13.4%(2)

- --------
     (1) Includes 223,288 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"); 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"); and 14,167 shares issuable upon the exercise of
options which are exercisable within 60 days after December 31, 1998 (the
"Vested Options"). 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 18,032,460 shares outstanding as of 12/31/98 (includes the
Vested Options).

                               Page 3 of 4 Pages

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

           (i)    sole power to vote/direct the vote: 2,332,238(3)
           (ii)   shared power to vote/direct the vote: 77,119(4)
           (iii)  sole power to dispose/direct the disposition of: 2,108,950(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
223,288 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:________________________                       ___________________________
                                                     Michael J. Barrist

- --------
     (3) Includes all shares shown as beneficially owned in Item 4(a) (including
the Vested Options), except the Trust Shares.
     (4) Includes only the Trust Shares.
     (5) Includes all shares shown as beneficially owned in Item 4(a) (including
the Vested Options), except the Proxy Shares and the Trust Shares.
     (6) Includes only the Trust Shares.

                               Page 4 of 4 Pages



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