BVF PARTNERS L P/IL
13F-NT, 2000-11-14
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                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    Form 13F

                               Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:  SEPTEMBER 30, 2000

Check here if Amendment / /; Amendment Number:
         This Amendment [Check only one.]: / /  is a restatement
                                           / /  adds new holdings entries

Institutional Investment Manager Filing this Report:

Name:        BVF PARTNERS L.P
Address:     227 WEST MONROE STREET, SUITE 4800
             CHICAGO, ILLINOIS  60606

Form 13F File Number: 28-6770

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:    MARK N. LAMPERT
Title:   PRESIDENT OF GENERAL PARTNER
Phone:   (312) 263-7777


Signature, Place and Date of Signing:

 /s/ MARK N. LAMPERT         SAN FRANCISCO, CALIFORNIA         11/14/00
------------------------------------------------------------------------
     [Signature]                   [City, State]                 [Date]

Report Type (Check only one):

/ / 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
    are reported in this report.)

/X/ 13F NOTICE. (Check here if no holdings reported are in this report,
    and all holdings are reported by other reporting manager(s)).

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/ / 13F COMBINATION REPORT. (Check here if a portion of the holdings for
    this reporting manager are reported in this report and a portion are
    reported by other reporting manager(s).)

List of Other Managers Reporting for this Manager:


         No.               Form 13F File Number      Name

         1                 28-6800                   BVF, INC.











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