NOBEL EDUCATION DYNAMICS INC
SC 13D/A, 1999-11-10
EDUCATIONAL SERVICES
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<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13D
                                 (RULE 13d-101)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
            TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
                                  RULE 13d-2(a)

                              (AMENDMENT NO. 2)(1)


                        NOBEL LEARNING COMMUNITIES, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                     COMMON STOCK, PAR VALUE $.001 PER SHARE
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    65488410
- --------------------------------------------------------------------------------
                                 (CUSIP Number)


                               HUGH STEVEN WILSON
                                LATHAM & WATKINS
                           701 "B" STREET, SUITE 2100
                        SAN DIEGO, CALIFORNIA 92101-8197
                                 (619) 236-1234
- --------------------------------------------------------------------------------
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)


                                NOVEMBER 8, 1999
- --------------------------------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)


        If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box: [  ].

                       (Continued on the following pages)


                               Page 1 of 21 Pages

(1) 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 disclosures provided in a prior cover page.

<PAGE>   2



                                 SCHEDULE 13D

 CUSIP NO. 65488410                                                 PAGE 2 OF 21


   1)    NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         KU LEARNING, L.L.C.

   2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
              (a) [X]
              (b) [ ]

   3)    SEC USE ONLY

   4)    SOURCE OF FUNDS*

         WC, AF

   5)    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
         ITEMS 2(D) OR 2(E)     [ ]

   6)    CITIZENSHIP OR PLACE OF ORGANIZATION       DELAWARE

  NUMBER OF             (7)    SOLE VOTING POWER
  SHARES
  BENEFICIALLY          (8)    SHARED VOTING POWER       1,903,500 SHARES(1)
  OWNED BY
  EACH REPORTING        (9)    SOLE DISPOSITIVE POWER
  PERSON
  WITH                  (10)   SHARED DISPOSITIVE POWER  1,883,500 SHARES

  11)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,903,500 SHARES(1)

  12)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
         [ ]

  13)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         32.2%(2)

  14)    TYPE OF REPORTING PERSON*

         OO

(1)      INCLUDES THE PROXY SHARES AS DESCRIBED IN ITEMS 5 AND 6 HEREIN.

(2)      BASED ON 5,921,365 SHARES OF COMMON STOCK OUTSTANDING AS OF SEPTEMBER
         17, 1999, AS REPORTED IN THE COMPANY'S DEFINITIVE PROXY STATEMENT ON
         SCHEDULE 14A FILED WITH THE COMMISSION ON OCTOBER 7, 1999.

                      *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>   3


                                 SCHEDULE 13D
  CUSIP NO.  65488410                                             PAGE 3 OF 21



   1)    NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         KNOWLEDGE UNIVERSE LEARNING, INC.

   2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
              (a) [X]
              (b) [ ]

   3)    SEC USE ONLY

   4)    SOURCE OF FUNDS*

         WC, AF

   5)    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
         ITEMS 2(D) OR 2(E)     [ ]

   6)    CITIZENSHIP OR PLACE OF ORGANIZATION

         DELAWARE

  NUMBER OF             (7)    SOLE VOTING POWER
  SHARES
  BENEFICIALLY          (8)    SHARED VOTING POWER         1,903,500 SHARES(1)
  OWNED BY
  EACH REPORTING        (9)    SOLE DISPOSITIVE POWER
  PERSON
  WITH                  (10)   SHARED DISPOSITIVE POWER    1,883,500 SHARES


  11)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,903,500 SHARES(1)

  12)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
         [ ]

  13)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         32.2%(2)

  14)    TYPE OF REPORTING PERSON*

         CO

(1)      INCLUDES THE PROXY SHARES AS DESCRIBED IN ITEMS 5 AND 6 HEREIN.

(2)      BASED ON 5,921,365 SHARES OF COMMON STOCK OUTSTANDING AS OF SEPTEMBER
         17, 1999, AS REPORTED IN THE COMPANY'S DEFINITIVE PROXY STATEMENT ON
         SCHEDULE 14A FILED WITH THE COMMISSION ON OCTOBER 7, 1999.


                      *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>   4

                                 SCHEDULE 13D

  CUSIP NO. 65488410                                               PAGE 4 OF 21


   1)    NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         KNOWLEDGE UNIVERSE, INC.

   2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
              (a) [X]
              (b) [ ]

   3)    SEC USE ONLY

   4)    SOURCE OF FUNDS*

         WC, AF

   5)    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
         ITEMS 2(D) OR 2(E)     [ ]

   6)    CITIZENSHIP OR PLACE OF ORGANIZATION

         DELAWARE

  NUMBER OF             (7)    SOLE VOTING POWER
  SHARES
  BENEFICIALLY          (8)    SHARED VOTING POWER          1,903,500 SHARES(1)
  OWNED BY
  EACH REPORTING        (9)    SOLE DISPOSITIVE POWER
  PERSON
  WITH                  (10)   SHARED DISPOSITIVE POWER     1,883,500 SHARES


  11)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,903,500 SHARES(1)

  12)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
         [ ]

  13)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         32.2%(2)

  14)    TYPE OF REPORTING PERSON*

         CO


(1)      INCLUDES THE PROXY SHARES AS DESCRIBED IN ITEMS 5 AND 6 HEREIN.

(2)      BASED ON 5,921,365 SHARES OF COMMON STOCK OUTSTANDING AS OF SEPTEMBER
         17, 1999, AS REPORTED IN THE COMPANY'S DEFINITIVE PROXY STATEMENT ON
         SCHEDULE 14A FILED WITH THE COMMISSION ON OCTOBER 7, 1999.


                      *SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>   5



                                 SCHEDULE 13D
   CUSIP NO. 65488410                                               PAGE 5 OF 21



   1)    NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         KNOWLEDGE UNIVERSE, L.L.C.

   2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
              (a) [x]
              (b) [ ]

   3)    SEC USE ONLY

   4)    SOURCE OF FUNDS*

         AF

   5)    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
         ITEMS 2(D) OR 2(E)     [ ]

   6)    CITIZENSHIP OR PLACE OF ORGANIZATION

         DELAWARE

  NUMBER OF             (7)    SOLE VOTING POWER
  SHARES
  BENEFICIALLY          (8)    SHARED VOTING POWER         1,903,500 SHARES(1)
  OWNED BY
  EACH REPORTING        (9)    SOLE DISPOSITIVE POWER
  PERSON
  WITH                  (10)   SHARED DISPOSITIVE POWER    1,883,500 SHARES

  11)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,903,500 SHARES(1)

  12)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
         [ ]

  13)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         32.2%(2)

  14)    TYPE OF REPORTING PERSON*

         OO

(1)      INCLUDES THE PROXY SHARES AS DESCRIBED IN ITEMS 5 AND 6 HEREIN.

(2)      BASED ON 5,921,365 SHARES OF COMMON STOCK OUTSTANDING AS OF SEPTEMBER
         17, 1999, AS REPORTED IN THE COMPANY'S DEFINITIVE PROXY STATEMENT ON
         SCHEDULE 14A FILED WITH THE COMMISSION ON OCTOBER 7, 1999.

                      *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>   6



                                 SCHEDULE 13D

 CUSIP NO. 65488410                                                 PAGE 6 OF 21


   1)    NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         ET HOLDINGS, L.L.C.

   2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
              (a) [X]
              (b) [ ]

   3)    SEC USE ONLY

   4)    SOURCE OF FUNDS*

         AF

   5)    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
         ITEMS 2(D) OR 2(E)     [ ]

   6)    CITIZENSHIP OR PLACE OF ORGANIZATION       DELAWARE

  NUMBER OF             (7)    SOLE VOTING POWER
  SHARES
  BENEFICIALLY          (8)    SHARED VOTING POWER       1,903,500 SHARES(1)
  OWNED BY
  EACH REPORTING        (9)    SOLE DISPOSITIVE POWER
  PERSON
  WITH                  (10)   SHARED DISPOSITIVE POWER  1,883,500 SHARES

  11)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,903,500 SHARES(1)

  12)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
         [ ]

  13)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         32.2%(2)

  14)    TYPE OF REPORTING PERSON*

         OO

(1)      INCLUDES THE PROXY SHARES AS DESCRIBED IN ITEMS 5 AND 6 HEREIN.

(2)      BASED ON 5,921,365 SHARES OF COMMON STOCK OUTSTANDING AS OF SEPTEMBER
         17, 1999, AS REPORTED IN THE COMPANY'S DEFINITIVE PROXY STATEMENT ON
         SCHEDULE 14A FILED WITH THE COMMISSION ON OCTOBER 7, 1999.

                      *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>   7
                                 SCHEDULE 13D

 CUSIP NO. 65488410                                                 PAGE 7 OF 21


   1)    NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         ET CONSOLIDATED, L.L.C.

   2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
              (a) [X]
              (b) [ ]

   3)    SEC USE ONLY

   4)    SOURCE OF FUNDS*

         AF

   5)    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
         ITEMS 2(D) OR 2(E)     [ ]

   6)    CITIZENSHIP OR PLACE OF ORGANIZATION

         DELAWARE

  NUMBER OF             (7)    SOLE VOTING POWER
  SHARES
  BENEFICIALLY          (8)    SHARED VOTING POWER       1,903,500 SHARES(1)
  OWNED BY
  EACH REPORTING        (9)    SOLE DISPOSITIVE POWER
  PERSON
  WITH                  (10)   SHARED DISPOSITIVE POWER  1,883,500 SHARES

  11)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,903,500 SHARES(1)

  12)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
         [ ]

  13)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         32.2%(2)

  14)    TYPE OF REPORTING PERSON*

         OO

(1)      INCLUDES THE PROXY SHARES AS DESCRIBED IN ITEMS 5 AND 6 HEREIN.

(2)      BASED ON 5,921,365 SHARES OF COMMON STOCK OUTSTANDING AS OF SEPTEMBER
         17, 1999, AS REPORTED IN THE COMPANY'S DEFINITIVE PROXY STATEMENT ON
         SCHEDULE 14A FILED WITH THE COMMISSION ON OCTOBER 7, 1999.

                      *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>   8



                                 SCHEDULE 13D

 CUSIP NO. 65488410                                                 PAGE 8 OF 21


   1)    NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         HAMPSTEAD ASSOCIATES, L.L.C.

   2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
              (a) [X]
              (b) [ ]

   3)    SEC USE ONLY

   4)    SOURCE OF FUNDS*

         AF

   5)    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
         ITEMS 2(D) OR 2(E)     [ ]

   6)    CITIZENSHIP OR PLACE OF ORGANIZATION

         DELAWARE

  NUMBER OF             (7)    SOLE VOTING POWER
  SHARES
  BENEFICIALLY          (8)    SHARED VOTING POWER       1,903,500 SHARES(1)
  OWNED BY
  EACH REPORTING        (9)    SOLE DISPOSITIVE POWER
  PERSON
  WITH                  (10)   SHARED DISPOSITIVE POWER  1,883,500 SHARES

  11)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,903,500 SHARES(1)

  12)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
         [ ]

  13)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         32.2%(2)

  14)    TYPE OF REPORTING PERSON*

         OO

(1)      INCLUDES THE PROXY SHARES AS DESCRIBED IN ITEMS 5 AND 6 HEREIN.

(2)      BASED ON 5,921,365 SHARES OF COMMON STOCK OUTSTANDING AS OF SEPTEMBER
         17, 1999, AS REPORTED IN THE COMPANY'S DEFINITIVE PROXY STATEMENT ON
         SCHEDULE 14A FILED WITH THE COMMISSION ON OCTOBER 7, 1999.

                      *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>   9

                                 SCHEDULE 13D

 CUSIP NO. 65488410                                                 PAGE 9 OF 21


   1)    NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         MOLLUSK HOLDINGS, LLC

   2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
              (a) [X]
              (b) [ ]

   3)    SEC USE ONLY

   4)    SOURCE OF FUNDS*

         AF

   5)    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
         ITEMS 2(D) OR 2(E)     [ ]

   6)    CITIZENSHIP OR PLACE OF ORGANIZATION

         CALIFORNIA

  NUMBER OF             (7)    SOLE VOTING POWER
  SHARES
  BENEFICIALLY          (8)    SHARED VOTING POWER       1,903,500 SHARES(1)
  OWNED BY
  EACH REPORTING        (9)    SOLE DISPOSITIVE POWER
  PERSON
  WITH                  (10)   SHARED DISPOSITIVE POWER  1,883,500 SHARES

  11)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,903,500 SHARES(1)

  12)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
         [ ]

  13)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         32.2%(2)

  14)    TYPE OF REPORTING PERSON*

         OO

(1)      INCLUDES THE PROXY SHARES AS DESCRIBED IN ITEMS 5 AND 6 HEREIN.

(2)      BASED ON 5,921,365 SHARES OF COMMON STOCK OUTSTANDING AS OF SEPTEMBER
         17, 1999, AS REPORTED IN THE COMPANY'S DEFINITIVE PROXY STATEMENT ON
         SCHEDULE 14A FILED WITH THE COMMISSION ON OCTOBER 7, 1999.

                      *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>   10


                                 SCHEDULE 13D

 CUSIP NO. 65488410                                                PAGE 10 OF 21


   1)    NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         CEPHALOPOD CORPORATION

   2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
              (a) [X]
              (b) [ ]

   3)    SEC USE ONLY

   4)    SOURCE OF FUNDS*

         AF

   5)    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
         ITEMS 2(D) OR 2(E)     [ ]

   6)    CITIZENSHIP OR PLACE OF ORGANIZATION

         CALIFORNIA

  NUMBER OF             (7)    SOLE VOTING POWER
  SHARES
  BENEFICIALLY          (8)    SHARED VOTING POWER       1,903,500 SHARES(1)
  OWNED BY
  EACH REPORTING        (9)    SOLE DISPOSITIVE POWER
  PERSON
  WITH                  (10)   SHARED DISPOSITIVE POWER  1,883,500 SHARES

  11)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,903,500 SHARES(1)

  12)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
         [ ]

  13)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         32.2%(2)

  14)    TYPE OF REPORTING PERSON*

         CO

(1)      INCLUDES THE PROXY SHARES AS DESCRIBED IN ITEMS 5 AND 6 HEREIN.

(2)      BASED ON 5,921,365 SHARES OF COMMON STOCK OUTSTANDING AS OF SEPTEMBER
         17, 1999, AS REPORTED IN THE COMPANY'S DEFINITIVE PROXY STATEMENT ON
         SCHEDULE 14A FILED WITH THE COMMISSION ON OCTOBER 7, 1999.

                      *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>   11

                                 SCHEDULE 13D

 CUSIP NO. 65488410                                                PAGE 11 OF 21


   1)    NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         LAWRENCE INVESTMENTS, LLC

   2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
              (a) [X]
              (b) [ ]

   3)    SEC USE ONLY

   4)    SOURCE OF FUNDS*

         AF

   5)    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
         ITEMS 2(D) OR 2(E)     [ ]

   6)    CITIZENSHIP OR PLACE OF ORGANIZATION

         CALIFORNIA

  NUMBER OF             (7)    SOLE VOTING POWER
  SHARES
  BENEFICIALLY          (8)    SHARED VOTING POWER       1,903,500 SHARES(1)
  OWNED BY
  EACH REPORTING        (9)    SOLE DISPOSITIVE POWER
  PERSON
  WITH                  (10)   SHARED DISPOSITIVE POWER  1,883,500 SHARES

  11)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,903,500 SHARES(1)

  12)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
         [ ]

  13)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         32.2%(2)

  14)    TYPE OF REPORTING PERSON*

         OO

(1)      INCLUDES THE PROXY SHARES AS DESCRIBED IN ITEMS 5 AND 6 HEREIN.

(2)      BASED ON 5,921,365 SHARES OF COMMON STOCK OUTSTANDING AS OF SEPTEMBER
         17, 1999, AS REPORTED IN THE COMPANY'S DEFINITIVE PROXY STATEMENT ON
         SCHEDULE 14A FILED WITH THE COMMISSION ON OCTOBER 7, 1999.

                      *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>   12


                                 SCHEDULE 13D

 CUSIP NO. 65488410                                                PAGE 12 OF 21


   1)    NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         LAWRENCE J. ELLISON

   2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
              (a) [X]
              (b) [ ]

   3)    SEC USE ONLY

   4)    SOURCE OF FUNDS*

         AF

   5)    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
         ITEMS 2(D) OR 2(E)     [ ]

   6)    CITIZENSHIP OR PLACE OF ORGANIZATION

         U.S.

  NUMBER OF             (7)    SOLE VOTING POWER
  SHARES
  BENEFICIALLY          (8)    SHARED VOTING POWER       1,903,500 SHARES(1)
  OWNED BY
  EACH REPORTING        (9)    SOLE DISPOSITIVE POWER
  PERSON
  WITH                  (10)   SHARED DISPOSITIVE POWER  1,883,500 SHARES

  11)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,903,500 SHARES(1)

  12)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
         [ ]

  13)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         32.2%(2)

  14)    TYPE OF REPORTING PERSON*

         IN

(1)      INCLUDES THE PROXY SHARES AS DESCRIBED IN ITEMS 5 AND 6 HEREIN.

(2)      BASED ON 5,921,365 SHARES OF COMMON STOCK OUTSTANDING AS OF SEPTEMBER
         17, 1999, AS REPORTED IN THE COMPANY'S DEFINITIVE PROXY STATEMENT ON
         SCHEDULE 14A FILED WITH THE COMMISSION ON OCTOBER 7, 1999.


                      *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>   13


                                 SCHEDULE 13D

 CUSIP NO. 65488410                                                PAGE 13 OF 21


   1)    NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         RIDGEVIEW ASSOCIATES, LLC

   2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
              (a) [X]
              (b) [ ]

   3)    SEC USE ONLY

   4)    SOURCE OF FUNDS*

         AF

   5)    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
         ITEMS 2(D) OR 2(E)     [X]

   6)    CITIZENSHIP OR PLACE OF ORGANIZATION

         CALIFORNIA

  NUMBER OF             (7)    SOLE VOTING POWER
  SHARES
  BENEFICIALLY          (8)    SHARED VOTING POWER       1,903,500 SHARES(1)
  OWNED BY
  EACH REPORTING        (9)    SOLE DISPOSITIVE POWER
  PERSON
  WITH                  (10)   SHARED DISPOSITIVE POWER  1,883,500 SHARES

  11)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,903,500 SHARES(1)

  12)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
         [ ]

  13)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         32.2%(2)

  14)    TYPE OF REPORTING PERSON*

         OO

(1)      INCLUDES THE PROXY SHARES AS DESCRIBED IN ITEMS 5 AND 6 HEREIN.

(2)      BASED ON 5,921,365 SHARES OF COMMON STOCK OUTSTANDING AS OF SEPTEMBER
         17, 1999, AS REPORTED IN THE COMPANY'S DEFINITIVE PROXY STATEMENT ON
         SCHEDULE 14A FILED WITH THE COMMISSION ON OCTOBER 7, 1999.


                      *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>   14

                                 SCHEDULE 13D

 CUSIP NO. 65488410                                                PAGE 14 OF 21


   1)    NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         MICHAEL R. MILKEN

   2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
              (a) [X]
              (b) [ ]

   3)    SEC USE ONLY

   4)    SOURCE OF FUNDS*

         AF

   5)    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
         ITEMS 2(D) OR 2(E)     [X]

   6)    CITIZENSHIP OR PLACE OF ORGANIZATION

         U.S.

  NUMBER OF             (7)    SOLE VOTING POWER
  SHARES
  BENEFICIALLY          (8)    SHARED VOTING POWER       1,903,500 SHARES(1)
  OWNED BY
  EACH REPORTING        (9)    SOLE DISPOSITIVE POWER
  PERSON
  WITH                  (10)   SHARED DISPOSITIVE POWER  1,883,500 SHARES

  11)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,903,500 SHARES(1)

  12)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
         [ ]

  13)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         32.2%(2)

  14)    TYPE OF REPORTING PERSON*

         IN

(1)      INCLUDES THE PROXY SHARES AS DESCRIBED IN ITEMS 5 AND 6 HEREIN.

(2)      BASED ON 5,921,365 SHARES OF COMMON STOCK OUTSTANDING AS OF SEPTEMBER
         17, 1999, AS REPORTED IN THE COMPANY'S DEFINITIVE PROXY STATEMENT ON
         SCHEDULE 14A FILED WITH THE COMMISSION ON OCTOBER 7, 1999.


                      *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>   15

                                 SCHEDULE 13D

 CUSIP NO. 65488410                                                PAGE 15 OF 21


   1)    NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         LOWELL J. MILKEN

   2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
              (a) [X]
              (b) [ ]

   3)    SEC USE ONLY

   4)    SOURCE OF FUNDS*

         AF

   5)    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
         ITEMS 2(D) OR 2(E)     [ ]

   6)    CITIZENSHIP OR PLACE OF ORGANIZATION

         U.S.

  NUMBER OF             (7)    SOLE VOTING POWER
  SHARES
  BENEFICIALLY          (8)    SHARED VOTING POWER       1,903,500 SHARES(1)
  OWNED BY
  EACH REPORTING        (9)    SOLE DISPOSITIVE POWER
  PERSON
  WITH                  (10)   SHARED DISPOSITIVE POWER  1,883,500 SHARES

  11)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,903,500 SHARES(1)

  12)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
         [ ]

  13)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         32.2%(2)

  14)    TYPE OF REPORTING PERSON*

         IN

(1)      INCLUDES THE PROXY SHARES AS DESCRIBED IN ITEMS 5 AND 6 HEREIN.

(2)      BASED ON 5,921,365 SHARES OF COMMON STOCK OUTSTANDING AS OF SEPTEMBER
         17, 1999, AS REPORTED IN THE COMPANY'S DEFINITIVE PROXY STATEMENT ON
         SCHEDULE 14A FILED WITH THE COMMISSION ON OCTOBER 7, 1999.


                      *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>   16

                                                                  PAGE 16 OF 21

               This Amendment No. 2 to Schedule 13D ("Amendment No. 2") relating
to Nobel Learning Communities, Inc., a Delaware corporation (the "Company"), is
being filed on behalf of the undersigned to amend the Schedule 13D filed with
the Commission on January 26, 1998, as amended by Amendment No. 1 thereto filed
with the Commission on June 2, 1998 (together, the "Schedule 13D"). Terms
defined in the Schedule 13D and not defined herein have the same meaning as in
the Schedule 13D.

ITEM 2.        IDENTITY AND BACKGROUND.

               The information in Item 2 is hereby amended and supplemented by
adding the following thereto:

               This schedule is filed by Knowledge Universe Learning, Inc., a
Delaware corporation ("KUL, Inc."), Knowledge Universe, Inc., a Delaware
corporation ("KU, Inc."), and the Reporting Persons previously disclosed in the
Schedule 13D other than EDU.

               Since the initial filing of the Schedule 13D, (i) EDU has been
dissolved and is no longer considered a "Reporting Person," (ii) KUL, Inc. has
been formed and is the sole member of KU Learning, (iii) KU, Inc. has been
formed and is the sole stockholder of KUL, Inc., and (iv) Knowledge Universe has
become the sole stockholder of KU, Inc. For purposes of the Schedule 13D, KUL,
Inc. and KU, Inc. shall be considered "Reporting Persons" in addition to the
Reporting Persons previously disclosed.

               The principal business of KUL, Inc. is to acquire interests in,
and/or operate, other companies and businesses, primarily, but not limited to,
companies and businesses engaged in education. The principal business of KU,
Inc. is to act as an operating company and to acquire interests in, and/or
operate, other companies and businesses, primarily, but not limited to,
companies and businesses engaged in education and related industries. The
principal executive offices and principal business of KUL, Inc. are located at
844 Moraga Drive, Los Angeles, California 90049. The principal executive offices
and principal business of KU, Inc. are located at 844 Moraga Drive, Los Angeles,
California 90049 and 150 Shoreline Drive, Redwood City, California 94065. The
name, citizenship, business address, present principal occupation or employment
and, if applicable, the name, principal business and address of any corporation
or other organization in which such employment is conducted, of the executive
officers of KUL, Inc. and KU, Inc. are set forth in Appendix I hereto, which is
incorporated herein by reference.

               On February 24, 1998, without admitting or denying any liability,
Michael Milken consented to the entry of a final judgment in the U.S. District
Court for the Southern District of New York in Securities and Exchange
Commission v. Michael R. Milken et al., which judgment was entered on February
26, 1998, restraining and enjoining Michael R. Milken from associating with any
broker, dealer, investment advisor, investment company or municipal securities
dealer and from violating Section 15(a) of the Securities Exchange Act of 1934.

ITEM 3.        SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

               The information in Item 3 is hereby amended and supplemented by
adding the following thereto:

               Since the initial filing of the Schedule 13D, the Reporting
Persons have purchased an additional 600,000 shares of Common Stock (the
"Additional Shares") for aggregate consideration of

<PAGE>   17
                                                                  PAGE 17 OF 21


$3,750,000 (excluding brokerage commissions) in the transaction described in
Item 5. The source of funds for this transaction was KU, Inc.'s working capital,
which KU, Inc. provided to KUL, Inc. as a capital contribution, and which KUL,
Inc., in turn, provided to KU Learning as a capital contribution. The Additional
Shares shall be considered "Shares" as such term is used in the Schedule 13D and
this Amendment No. 2 thereto.

ITEM 4.        PURPOSE OF TRANSACTION.

               The information in Item 4 is hereby amended and supplemented by
adding the following thereto:

               The Reporting Persons acquired the Additional Shares described in
this Amendment No. 2 in order to increase their equity position in the Company.

ITEM 5.        INTEREST IN SECURITIES OF THE ISSUER.

               The information in Item 5 is hereby amended and supplemented by
adding the following thereto:

               The Reporting Persons may be deemed to beneficially own an
aggregate of 1,903,500 shares of Common Stock (including the Proxy Shares
described below), representing approximately 32.2% of the outstanding shares of
Common Stock, based on 5,921,365 shares of Common Stock outstanding as of
September 17, 1999 as reported in the Company's Definitive Proxy Statement on
Schedule 14A filed with the Commission on October 7, 1999. KU Learning has the
power to vote and dispose of 1,883,500 of such shares and, as a result of the
proxy described below, the power to vote the remaining 20,000 of such shares
(the "Proxy Shares") at the Company's 1999 Annual Meeting of Stockholders, or
any adjournment thereof (as described below). The Reporting Persons have no
power to dispose of or direct the disposition of the Proxy Shares and the
Reporting Persons disclaim beneficial ownership of the Proxy Shares.

               Since the initial filing of the Schedule 13D, the Reporting
Persons have engaged in the following transaction in shares of the Company's
Common Stock: On November 8, 1999, KU Learning purchased 600,000 shares of
Common Stock for aggregate consideration of $3,750,000 (or $6.25 per share) in a
negotiated transaction effected by Bear Stearns Securities Corp. on the Nasdaq
National Market System (the "Transaction").

               KUL, Inc. and KU, Inc. may be deemed to share the powers of
voting and disposition of the Shares with KU Learning because KUL, Inc. is the
sole member of KU Learning, and KU, Inc. is the sole stockholder of KUL, Inc.,
and in such capacity may be deemed to have the power to direct the voting and
disposition of, and to share the beneficial ownership of, any shares of the
Common Stock beneficially owned by KU Learning.

               Except as described in this Amendment No. 2, neither the
Reporting Persons nor any person named in Appendix I hereto has effected
transactions in the Common Stock of the Company during the past 60 days. Other
than as set forth above with respect to the Proxy Shares, no person other than
the

<PAGE>   18
                                                                  PAGE 18 OF 21

Reporting Persons has the right to receive or the power to direct the receipt of
dividends from or, the proceeds from the sale of, the Shares of the Common Stock
covered by the Schedule 13D and this Amendment No. 2.

ITEM 6.        CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
               RESPECT TO SECURITIES OF THE ISSUER.

               The information in Item 6 is hereby amended and supplemented by
adding the following thereto:

               Prior to the Transaction, the 600,000 shares of Common Stock
purchased by KU Learning in the Transaction together with an additional 20,000
shares of Common Stock were subject to a Proxy dated November 3, 1999 granted by
Chase Manhattan Bank in favor of Robert M. Gintel to vote such shares at the
Company's 1999 Annual Meeting of Stockholders, or any adjournment thereof (the
"Proxy"). Mr. Gintel delivered the Proxy to KU Learning and offered to assign
his rights under the Proxy to KU Learning in an Assignment of Proxy dated
November 10, 1999 ("Assignment of Proxy").

               A copy of the Assignment of Proxy (including the Proxy as Exhibit
A thereto) is filed as Exhibit 3 to this Amendment No. 2 and is incorporated by
reference herein.

ITEM 7.        MATERIAL TO BE FILED AS EXHIBITS.

               The information in Item 7 is hereby amended and supplemented by
adding the following thereto:

               Exhibit 3     Assignment of Proxy (including the Proxy as Exhibit
                             A thereto)

<PAGE>   19

                                                                   PAGE 19 OF 21
                                   SIGNATURES

               After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certify that the information set forth in
this statement is true, complete and correct.

Dated:  November 10, 1999           KU LEARNING, L.L.C.,
                                    a Delaware limited liability company

                                            /s/ Stanley E. Maron
                                    --------------------------------------------
                                    By:     Stanley E. Maron
                                    Its:    Assistant Secretary


                                    KNOWLEDGE UNIVERSE LEARNING, INC.
                                    a Delaware corporation

                                            /s/ Stanley E. Maron
                                    --------------------------------------------
                                    By:     Stanley E. Maron
                                    Its:    Secretary


                                    KNOWLEDGE UNIVERSE, INC.
                                    a Delaware corporation

                                            /s/ Stanley E. Maron
                                    --------------------------------------------
                                    By:     Stanley E. Maron
                                    Its:    Secretary


                                    KNOWLEDGE UNIVERSE, L.L.C.,
                                    a Delaware limited liability company

                                            /s/ Stanley E. Maron
                                    --------------------------------------------
                                    By:     Stanley E. Maron
                                    Its:    Secretary


                                    ET HOLDINGS, L.L.C.
                                    a Delaware limited liability company

                                            /s/ Stanley E. Maron
                                    --------------------------------------------
                                    By:     Stanley E. Maron
                                    Its:    Assistant Secretary

<PAGE>   20
                                                                  PAGE 20 of 21



                                    ET CONSOLIDATED, L.L.C.,
                                    a Delaware limited liability company

                                            /s/ Stanley E. Maron
                                    --------------------------------------------
                                    By:     Stanley E. Maron
                                    Its:    Assistant Secretary


                                    HAMPSTEAD ASSOCIATES, L.L.C.,
                                    a Delaware limited liability company

                                    By:     RIDGEVIEW ASSOCIATES, LLC
                                            a California limited liability
                                            company
                                    Its:    Manager

                                            /s/ Lowell J. Milken
                                    --------------------------------------------
                                    By:     Lowell J. Milken
                                    Its:    Manager


                                    MOLLUSK HOLDINGS, LLC,
                                    a California limited liability company

                                    By:     CEPHALOPOD CORPORATION
                                    Its:    Manager

                                            /s/ Lawrence J. Ellison
                                    --------------------------------------------
                                    By:     Lawrence J. Ellison
                                    Its:    Chief Executive Officer


                                    CEPHALOPOD CORPORATION,
                                    a California Corporation

                                            /s/ Lawrence J. Ellison
                                    --------------------------------------------
                                    By:     Lawrence J. Ellison
                                    Its:    Chief Executive Officer

<PAGE>   21
                                                                  PAGE 21 of 21


                                    LAWRENCE INVESTMENTS, LLC,
                                    a California limited liability company

                                            /s/ Lawrence J. Ellison
                                    --------------------------------------------
                                    By:     Lawrence J. Ellison
                                    Its:    Manager



                                    RIDGEVIEW ASSOCIATES, LLC,
                                    a California limited liability company

                                            /s/ Lowell J. Milken
                                    --------------------------------------------
                                    By:     Lowell J. Milken
                                    Its:    Manager


                                            /s/ Michael R. Milken
                                    --------------------------------------------
                                    Michael R. Milken, an individual


                                            /s/ Lowell J. Milken
                                    --------------------------------------------
                                    Lowell J. Milken, an individual


                                            /s/ Lawrence J. Ellison
                                    --------------------------------------------
                                    Lawrence J. Ellison, an individual

<PAGE>   22


                                   APPENDIX I

Appendix I to the Schedule 13D is hereby amended and supplemented by adding the
following thereto:

The following are the names, principal occupation or employment and, if
applicable, the name, principal business and address of any corporation or other
organization in which such employment is conducted, of the individual directors
and executive officers, if any, of each of the Reporting Persons not previously
disclosed in the Schedule 13D. Each person listed below and each individual
Reporting Person is a United States citizen.

KNOWLEDGE UNIVERSE LEARNING, INC.

<TABLE>
<CAPTION>
                                                                  Principal Business
Name and Business Address        Position                         Occupation or Employment
- -------------------------        --------                         ------------------------
<S>                              <C>                              <C>
Lowell J. Milken                 Director                         Director and Vice Chairman of the
844 Moraga Drive                                                  Board, Knowledge Universe, Inc.
Los Angeles, CA 90040

Thomas Kalisnke                  Director                         Executive employee, Knowledge
150 Shoreline Drive              Chief Executive Officer          Universe, Inc.
Redwood City, CA  94065

Randolph Read                    Director                         Executive employee, Knowledge
844 Moraga Drive                 Chief Financial Officer          Universe, Inc.
Los Angeles, CA 90040

Stanley E. Maron                 Secretary                        Shareholder, Maron & Sandler, a
844 Moraga Drive                                                  Professional Corporation
Los Angeles, CA 90040
</TABLE>

KNOWLEDGE UNIVERSE, INC.

<TABLE>
<CAPTION>
                                                                  Principal Business
Name and Business Address        Position                         Occupation or Employment
- -------------------------        --------                        -------------------------
<S>                              <C>                              <C>

Lawrence J. Ellison              Director                         Chief Executive Officer, Oracle
Oracle Corporation                                                Corporation
500 Oracle Parkway
Redwood Shores, CA 94065

Michael R. Milken                Director                         Chairman of the Board, Knowledge
844 Moraga Drive                 Chairman of the Board            Universe, Inc.
Los Angeles, CA 90040

Lowell J. Milken                 Director                         (See above)
(See above)                      Vice Chairman of the
                                 Board

Steven B. Fink                   Vice Chairman                    Vice Chairman and Treasurer,
844 Moraga Drive                 Treasurer                        Knowledge Universe, Inc.
Los Angeles, CA 90040                                             Chairman of the Board and Chief
                                                                  Executive Officer, Nextera
                                                                  Enterprises, Inc.

Thomas Kalisnke                  President                        (See above)
(See above)

Stanley E. Maron                 Secretary                        (See above)
(See above)
</TABLE>

<PAGE>   23

                                  EXHIBIT INDEX

        Exhibit 1     Joint Filing Agreement dated as of November 10, 1999.

        Exhibit 2     Confidentiality Agreement dated as of May 8, 1998
                      between Knowledge Universe, L.L.C. and Nobel Education
                      Dynamics, Inc. (previously filed as Exhibit 2 to Amendment
                      No. 1 to the Schedule 13D filed with the Commission on
                      June 2, 1998).

        Exhibit 3     Assignment of Proxy (including the Proxy as Exhibit A
                      thereto)


<PAGE>   1
                                                                      Exhibit 1

                             JOINT FILING AGREEMENT


               In accordance with Rule 13d-1(f) of the Securities Exchange Act
of 1934, as amended, the undersigned agree to the joint filing on behalf of each
of them of a Schedule 13D (including any and all amendments thereto) with
respect to the Common Stock of Nobel Learning Communities, Inc., and further
agree that this Agreement shall be included as an Exhibit to such joint filings.

               The undersigned further agree that each party hereto is
responsible for timely filing of such Schedule 13D and any amendments thereto,
and for the completeness and accuracy of the information concerning such party
contained therein; provided that no party is responsible for the completeness or
accuracy of the information concerning any other party, unless such party knows
or has reason to believe that such information is inaccurate.

               This Agreement may be executed in one or more counterparts, each
of which shall be deemed to be an original instrument, but all of such
counterparts together shall constitute but one agreement.

               In evidence thereof the undersigned, being duly authorized,
hereby execute this Agreement this 10th day of November, 1999.

                                    KU LEARNING, L.L.C.,
                                    a Delaware limited liability company

                                            /s/ Stanley E. Maron
                                    --------------------------------------------
                                    By:     Stanley E. Maron
                                    Its:    Assistant Secretary


                                    KNOWLEDGE UNIVERSE LEARNING, INC.
                                    a Delaware corporation

                                            /s/ Stanley E. Maron
                                    --------------------------------------------
                                    By:     Stanley E. Maron
                                    Its:    Secretary


                                    KNOWLEDGE UNIVERSE, INC.
                                    a Delaware corporation

                                            /s/ Stanley E. Maron
                                    --------------------------------------------
                                    By:     Stanley E. Maron
                                    Its:    Secretary


<PAGE>   2




                                    KNOWLEDGE UNIVERSE, L.L.C.,
                                    a Delaware limited liability company

                                            /s/ Stanley E. Maron
                                    --------------------------------------------
                                    By:     Stanley E. Maron
                                    Its:    Secretary


                                    ET HOLDINGS, L.L.C.
                                    a Delaware limited liability company

                                            /s/ Stanley E. Maron
                                    --------------------------------------------
                                    By:     Stanley E. Maron
                                    Its:    Assistant Secretary


                                    ET CONSOLIDATED, L.L.C.,
                                    a Delaware limited liability company

                                            /s/ Stanley E. Maron
                                    --------------------------------------------
                                    By:     Stanley E. Maron
                                    Its:    Assistant Secretary


                                    HAMPSTEAD ASSOCIATES, L.L.C.,
                                    a Delaware limited liability company

                                    By:     RIDGEVIEW ASSOCIATES, LLC
                                            a California limited liability
                                            company
                                    Its:    Manager

                                            /s/ Lowell J. Milken
                                    --------------------------------------------
                                    By:     Lowell J. Milken
                                    Its:    Manager


                                    MOLLUSK HOLDINGS, LLC,
                                    a California limited liability company

                                    By:     CEPHALOPOD CORPORATION
                                    Its:    Manager

                                            /s/ Lawrence J. Ellison
                                    --------------------------------------------
                                    By:     Lawrence J. Ellison
                                    Its:    Chief Executive Officer

<PAGE>   3


                                    CEPHALOPOD CORPORATION,
                                    a California Corporation

                                            /s/ Lawrence J. Ellison
                                    --------------------------------------------
                                    By:     Lawrence J. Ellison
                                    Its:    Chief Executive Officer


                                    LAWRENCE INVESTMENTS, LLC,
                                    a California limited liability company

                                            /s/ Lawrence J. Ellison
                                    --------------------------------------------
                                    By:     Lawrence J. Ellison
                                    Its:    Manager


                                   RIDGEVIEW ASSOCIATES, LLC,
                                   a California limited liability company

                                            /s/ Lowell J. Milken
                                    --------------------------------------------
                                    By:     Lowell J. Milken
                                    Its:    Manager


                                            /s/ Michael R. Milken
                                    --------------------------------------------
                                    Michael R. Milken, an individual


                                            /s/ Lowell J. Milken
                                    --------------------------------------------
                                    Lowell J. Milken, an individual


                                            /s/ Lawrence J. Ellison
                                    --------------------------------------------
                                    Lawrence J. Ellison, an individual


<PAGE>   1




                                                                     Exhibit 3
                               ASSIGNMENT OF PROXY

               The undersigned, Robert M. Gintel ("Assignor"), is the attorney,
agent and proxy, with power of substitution, named in the Proxy attached hereto
as Exhibit A (the "Proxy") with respect to 620,000 shares of common stock, par
value $.001 per share, of Nobel Learning Communities, Inc., a Delaware
corporation ("Nobel").

               In return for good and valuable consideration, the receipt and
sufficiency of which are acknowledged by Assignor, and intending to be legally
bound, Assignor does hereby grant, bargain, sell, assign, transfer and set over
unto KU Learning, L.L.C., a Delaware limited liability company ("Assignee"), and
its respective successors and assigns, all the rights, interests and privileges
which the Assignor has or may have in or under the Proxy, including without
limiting the generality of the foregoing, the present and continuing right with
full power and authority, in its own name, or in the name of the Assignor, or
otherwise, (i) to enforce and receive any and all rights under the Proxy, (ii)
to do any and all things which Assignor is or may become entitled to do under
the Proxy, and (iii) to vote all shares, make all waivers and agreements, give
all notices, consents and releases and other instruments and to do any and all
other things whatsoever which Assignor is or may become entitled to do under the
Proxy. Without limiting the breadth of the assignment made hereunder, this
Assignment pertains to the right of Assignor to act as attorney, agent and proxy
with respect to the shares subject to the Proxy at the 1999 Annual Meeting of
Stockholders of Nobel and any and all adjournments thereof (including, without
limitation, the power to execute and deliver written consents with respect to
the Shares).

               This assignment of proxy is coupled with an interest and is
irrevocable. The undersigned agrees, upon request, to execute and deliver any
additional documents deemed by the Assignee to be reasonably necessary to effect
the assignment created hereby.

               IN WITNESS WHEREOF, the undersigned has executed this assignment
of proxy as of the 9th day of November, 1999.



                                            /s/ Robert M. Gintel
                                            ------------------------------------
                                            ROBERT M. GINTEL


<PAGE>   2
                                   EXHIBIT A

Proxy Stockholder Meeting


                                     PROXY

Know All Men By These Presents, That The Undersigned Stockholder In Nobel
Learning Communities, Inc. Do Hereby Constitute And Appoint Robert M. Gintel
True And Lawful Attorney And Agent, With Power Of Substitution, For And In The
Name, Place And Stead Of The Undersigned, To Vote As The Proxy Of The
Undersigned Upon All The Stock Held By The Undersigned In The Said Corporation,
At The ANNUAL MEETING Of Stockholders Of The Said Corporation To Be Held At The
Desmond Great Valley Hotel & Conference Center, One Liberty Boulevard Malvern,
Pa 19355.

On Thursday November 18, 1999. And At Any And All Adjournments Thereof, Upon
Any And All Matter That May Come Before Said Meeting Or Meetings, As Fully And
For The Number Of Votes And With The Same Effect As The Undersigned Might Or
Could Do Were The Undersigned Personally Present At Such Meeting Or Meetings,
Hereby Revoking Any Proxy Or Proxies Heretofore Given By The Undersigned.
Witness Our Hand And Seal This 03rd Day Of November 1999.


CHASE MANHATTAN BANK                         Date: NOV 03 1999

/s/ [Signature Illegible]
- ------------------------
Authorized Signer


WITNESS:

/s/ HAROLD DONNER
- ------------------------
Harold Donner

No. Of Shares: 620,000.00
Account # P 51196




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