<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
SYSTEMS & COMPUTER TECHNOLOGY CORP.
(NAME OF ISSUER)
COMMON STOCK, $.01 PAR VALUE
(TITLE OF CLASS OF SECURITIES)
871873105
(CUSIP Number)
* The remainder of this cover page shall be filled out for a reporting person's
initial 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 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).
Page 1 of 5 Pages
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 871873105 13G PAGE 2 OF 5 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Acorn Investment Trust, Series Designated Acorn Fund 36-2692100
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
Not Applicable (b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Massachusetts
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
480,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
480,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
480,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
Not Applicable
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
3.40%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IV
- ------------------------------------------------------------------------------
<PAGE>
Item 1(a) Name of Issuer: Systems & Computer Technology Corp.
Item 1(b) Address of Issuer's Principal Executive Offices:
Great Valley Corporate Center
4 Country View Road
Malvern, Pennsylvania 19355
Item 2(a) Name of Person Filing: Acorn Investment Trust, Series Designated
Acorn Fund
Item 2(b) Address of Principal Business Office:
227 West Monroe Street, Suite 3000
Chicago, Illinois 60606
Item 2(c) Citizenship: The filing person is a Massachusetts business trust.
Item 2(d) Title of Class of Securities: Common Stock, $.01 Par Value
Item 2(e) CUSIP Number: 871873105
Item 3 Type of Person:
(d) Investment company registered under section 8 of the
Investment Company Act
Item 4 Ownership (at December 31, 1996):
(a) Amount owned "beneficially" within the meaning of rule 13d-3:
480,000 shares
(b) Percent of class: 3.40% (based on 14,120,787 shares
outstanding)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: none
(ii) shared power to vote or to direct the vote: 480,000
(iii) sole power to dispose or to direct the disposition of:
none
(iv) shared power to dispose or to direct disposition of:
480,000
Power over voting and disposition of the securities is shared with
Wanger Asset Management, L.P. which is the investment advisor of
Acorn Investment Trust, Series Designated Acorn Fund.
Page 3 of 5 pages
<PAGE>
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 [X].
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:
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 purpose or effect.
Page 4 of 5 Pages
<PAGE>
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: February __, 1997
ACORN INVESTMENT TRUST,
SERIES DESIGNATED ACORN FUND
By: Bruce H. Lauer
--------------------------------
Vice President and Treasurer
Page 5 of 5 Pages
