FISCHER IMAGING CORP
SC 13G/A, 1999-02-16
X-RAY APPARATUS & TUBES & RELATED IRRADIATION APPARATUS
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                 SCHEDULE 13G/A
                                 (RULE 13d-102)


                    Under the Securities Exchange Act of 1934



                               (Amendment No. 4)/1/

           Information to be included in Statements Filed pursuant to
            Rules 13d-1(b), (c) and (d) and Amendments thereto Filed
                           pursuant to Rule 13d-2(b).


                           FISCHER IMAGING CORPORATION
                                (Name of Issuer)


                     COMMON STOCK, PAR VALUE $.01 PER SHARE
                         (Title of Class of Securities)


                                   337719 10 8
                                 (CUSIP Number)


                               DECEMBER 31, 1998
            (Date of Event Which Requires Filing of this Statement)


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)


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

/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 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 7 Pages

<PAGE>


FISCHER IMAGING CORPORATION                                       SCHEDULE 13G
CUSIP NO.  337719 10 8
- -------------------------------------------------------------------------------



(1)      Name of Reporting Person; I.R.S. Identification No. (Entities only)

         MORGAN W. NIELDS


(2)      Check the Appropriate Box if a Member                   (a)  [ ]
         of a Group (See Instructions)                           (b)  [ ]

         N/A


(3)      SEC Use Only



(4)      Citizenship or Place of Organization

         UNITED STATES



Number of Shares                    (5)     Sole Voting Power    851,667
Beneficially Owned                                            -----------------
by Each Reporting
Person With                         (6)     Shared Voting Power    289,466
                                                                ---------------

                                    (7)      Sole Dispositive Power   851,667
                                                                    -----------

                                    (8)      Shared Dispositive Power   289,466
                                                                      ---------

(9)      Aggregate Amount Beneficially Owned by Each Reporting Person

         1,141,133 SHARES


(10)     Check Box if the Aggregate Amount in Row (9)                  [ ]
         Excludes Certain Shares (See Instructions)



                                Page 2 of 7 Pages

<PAGE>


FISCHER IMAGING CORPORATION                                       SCHEDULE 13G
CUSIP NO.  337719 10 8
- -------------------------------------------------------------------------------



(11)     Percent of Class Represented by Amount in Row (9)

         16.2%


(12)     Type of Reporting Person (See Instructions)

         IN




                                Page 3 of 7 Pages

<PAGE>


FISCHER IMAGING CORPORATION                                       SCHEDULE 13G
CUSIP NO.  337719 10 8
- -------------------------------------------------------------------------------


Item 1(a).        Name of Issuer:

                        FISCHER IMAGING CORPORATION

Item 1(b).        Address of Issuer's Principal Executive Offices:

                        12300 NORTH GRANT STREET
                        THORNTON, COLORADO 80241

Item 2(a).        Name of Person Filing:

                        MORGAN W. NIELDS

Item 2(b).        Address of Principal Business Office:

                        12300 NORTH GRANT STREET
                        THORNTON, COLORADO 80241

Item 2(c).        Citizenship:

                        U.S.A.

Item 2(d).        Title of Class of Securities:

                        COMMON STOCK, PAR VALUE $0.01 PER SHARE

Item 2(e).        CUSIP Number:

                        337719 10 8

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

         (a)       Broker or Dealer registered under Section 15 of the Act
              ----

         (b)       Bank as defined in Section 3(a)(6) of the Act
              ----

         (c)       Insurance Company as defined in Section 3(a)(19) of the
              ---- Act

         (d)       Investment Company registered under Section 8 of the
              ---- Investment Company Act

         (e)       An Investment Adviser in accordance with Rule 13d-1(b)
              ---- (1)(ii)(E)


                                Page 4 of 7 Pages

<PAGE>


FISCHER IMAGING CORPORATION                                       SCHEDULE 13G
CUSIP NO.  337719 10 8
- -------------------------------------------------------------------------------


         (f)        An Employee Benefit Plan or Endowment Fund in accordance
               ---- with Rule 13d-1(b)(1)(ii)(F)

         (g)        A Parent Holding Company or Control Person in accordance
               ---- with Rule 13d-1(b)(1)(ii)(G)

         (h)        A Savings Association as defined in Section 3(b) of the
               ---- Federal Deposit Insurance Act

         (i)        A Church Plan that is excluded from the definition of an
               ---- investment company under Section (c)(14) of the
                    Investment Company Act

         (j)        Group, in accordance with Rule 13d-1(b)(1)(ii)(J)
               ----

If this statement is filed pursuant to Rule 13d-1(c), check this box. [ ]


Item 4.           Ownership

                    Provide the following information regarding the aggregate
                    number and percentage of the class of securities of the
                    issuer identified in Item 1.

                    Amount Beneficially Owned: 1,141,133 SHARES /2/

                    Percent of Class: 16.2% /3/

                    Number of shares as to which such person has:

                    (i)   sole power to vote or to direct the vote: 851,667

                    (ii)  shared power to vote or to direct the vote: 289,466

                    (iii) sole power to dispose or to direct the disposition
                          of:  851,667

                    (iv)  shared power to dispose or to direct the disposition
                          of: 289,466


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

/2/ As of February 12, 1999.  Includes (1) 718,177  shares owned directly by Mr.
Nields,  (2)  133,490  shares  beneficially  owned  by Mr.  Nields  pursuant  to
currently  exercisable  options,  or options  exercisable  within  sixty days of
February 12, 1999,  granted to Mr. Nields by Fischer Imaging  Corporation  under
its  employee  stock  option plan and (3)  170,523  shares held by The Robert L.
Nields Trust and 118,943  shares held by the Florence  Wesson Nields Trust (both
trusts, collectively,  the "Trusts") of which shares Mr. Nields, as a co-trustee
and  beneficiary of the Trusts,  may be deemed to be the beneficial  owner.  Mr.
Nields disclaims beneficial ownership of the shares held by the Trusts except to
the extent of his proportionate interest as beneficiary of the Trusts.

/3/ Based on  7,028,855  shares  of Common  Stock  deemed to be  outstanding  on
February 12, 1999.  Includes 133,490 options granted to Mr. Nields,  exercisable
immediately or within 60 days of February 12, 1999.


                                Page 5 of 7 Pages

<PAGE>


FISCHER IMAGING CORPORATION                                       SCHEDULE 13G
CUSIP NO.  337719 10 8
- -------------------------------------------------------------------------------


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 Group:

                      NOT APPLICABLE.

Item 10.          Certification:

                      NOT APPLICABLE.


                                Page 6 of 7 Pages

<PAGE>


FISCHER IMAGING CORPORATION                                       SCHEDULE 13G
CUSIP NO.  337719 10 8
- -------------------------------------------------------------------------------



                                    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.

Dated: February 16, 1999




                                              /S/MORGAN W. NIELDS
                                              ---------------------------------
                                              Signature

                                              Morgan W. Nields



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