JACOBS ENGINEERING GROUP INC /DE/
SC 13G/A, 1996-01-29
HEAVY CONSTRUCTION OTHER THAN BLDG CONST - CONTRACTORS
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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549
                                  SCHEDULE 13G

                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                            (AMENDMENT NO.   17  )
                                           -----
                     For the Year ended December 31, 1995

                         Jacobs Engineering Group Inc.
         -------------------------------------------------------------
                                (Name of Issuer)

                     Common Stock - par value $1 per share
              ---------------------------------------------------
                        (Title of Class of Securities)

                                  469814 10 7
                   -----------------------------------------
                                 (CUSIP Number)


Check the following box if a fee is being paid [_]. (A fee is not required only
if the filing person (1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities described in Item
1; and (2) has filed no amendment subsequent thereto reporting beneficial
ownership of five percent or less of such class.) (See Rule 13d-7)

*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 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 4 Pages
<PAGE>
 
- -----------------------                                  ---------------------
  CUSIP NO. 469814 10 7       13G-AMENDMENT NO. 17         Page 2 of 4 pages
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON:  Joseph J. Jacobs
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####


- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   N/A
 2                                                              
                                                                
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
      United States of America

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5    
     NUMBER OF            4,288,000
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          -0-
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7    
    REPORTING             4,288,000
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          -0-
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9    
      
      4,288,000

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
 
      N/A 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
      16.8%
      
- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON
12
      IN

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

                     *SEE INSTRUCTION BEFORE FILLING OUT!


<PAGE>
 
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 SCHEDULE 13G

                   Under the Securities Exchange Act of 1934

                              (Amendment No. 17)

                     For the Year ended December 31, 1995

Item 1. (a) Name of Issuer:
            Jacobs Engineering Group Inc.
          
        (b) Address of Issuer's Principal Executive Offices:

            251 South Lake Avenue
            Pasadena, CA  91101
          
Item 2. (a) Name of Person Filing:
            Joseph J. Jacobs       
               
        (b) Address of Principal Business Office or, if none, Residence:
            c/o Jacobs Engineering Group Inc.
            251 South Lake Avenue
            Pasadena, CA  91101

        (c) Citizenship:   United States

        (d) Title of Class of Securities:  Common Stock, par value $1.00 per
                                           share

        (e) CUSIP Number:  469814 10 7

Item 3.   If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
          check whether the person filing is a:

          Not Applicable

Item 4.   Ownership

          (If the percent of the class owned, as December 31 of the year
          covered by the statement, or as of the last day of any month described
          in Rule 13d-1(b)(2), if applicable, exceeds five percent, provide the
          following information as of that date and identify those shares which
          there is a right to acquire.)
   
          (a) Amount Beneficially Owned: 4,288,000

                               Page 3 of 4 Pages
<PAGE>
 

Item 4.   Ownership (continued)

          (b) Percent of Class:  16.8%

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

              (i)   sole power to vote or to direct the vote: 4,288,000

              (ii)  shared power to vote or to direct to vote: -0-

              (iii) sole power to dispose or to direct the disposition of:  
                    4,288,000

              (iv)  shared power to dispose or to direct the disposition of: 
                    -0-

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: 

          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 the 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.

Date:  January 29, 1996


                                    /s/ Joseph J. Jacobs
                                    --------------------
                                        JOSEPH J. JACOBS


                               Page 4 of 4 Pages


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