VISTA III L P
SC 13G/A, 1998-02-13
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


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

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

                                (Amendment No. 1)


                               Object Design, Inc.
                   -------------------------------------------
                                (Name of Issuer)



                          Common Stock, $.001 par value
                   -------------------------------------------
                         (Title of Class of Securities)



                                   0006744161
                            ------------------------
                                 (CUSIP Number)


*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 (the "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 18 pages
<PAGE>

- -------------------------                           ---------------------------
|CUSIP NO. 0006744161   |           13G            |   Page  2  of  18  Pages |
|          ----------   |                          |        ---     ---       |
- -------------------------                           ---------------------------

|--------|---------------------------------------------------------------------|
|   1    |  NAME OF REPORTING PERSON                                           |
|        |  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                  |
|        |  Vista III, L.P.                                                    |
|        |  06-1172794                                                         |
|--------|---------------------------------------------------------------------|
|   2    |  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) [ ]  |
|        |                                                            (b) [ ]  |
|        |  N/A                                                                |
|--------|---------------------------------------------------------------------|
|   3    |  SEC USE ONLY                                                       |
|        |                                                                     |
|--------|---------------------------------------------------------------------|
|   4    |  CITIZENSHIP OR PLACE OF ORGANIZATION                               |
|        |                                                                     |
|        |  Delaware                                                           |
|-----------------|--------|---------------------------------------------------|
|                 |   5    |  SOLE VOTING POWER                                |
|                 |        |  -0- shares                                       |
|     NUMBER OF   |--------|---------------------------------------------------|
|      SHARES     |   6    |  SHARED VOTING POWER                              |
|   BENEFICIALLY  |        |  2,832,691 shares                                 |
|     OWNED BY    |--------|---------------------------------------------------|
|       EACH      |   7    |  SOLE DISPOSITIVE POWER                           |
|    REPORTING    |        |  -0- shares                                       |
|      PERSON     |--------|---------------------------------------------------|
|       WITH      |   8    |  SHARED DISPOSITIVE POWER                         |
|                 |        |  2,832,691 shares                                 |
|------------------------------------------------------------------------------|
|   9    |  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       |
|        |                                                                     |
|        |  2,832,691 shares                                                   |
|--------|---------------------------------------------------------------------|
|  10    |  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN  [ ] |
|        |  SHARES*                                                            |
|        |                                                                     |
|--------|---------------------------------------------------------------------|
|  11    |  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                  |
|        |  9.67%                                                              |
|--------|---------------------------------------------------------------------|
|  12    |  TYPE OF REPORTING PERSON*                                          |
|        |  PN                                                                 |
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 2 of 18 pages


<PAGE>

- -------------------------                           ---------------------------
|CUSIP NO. 0006744161   |           13G            |   Page  3  of  18  Pages |
|          ----------   |                          |        ---     ---       |
- -------------------------                           ---------------------------

|--------|---------------------------------------------------------------------|
|   1    |  NAME OF REPORTING PERSON                                           |
|        |  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                  |
|        |  Vista III Partners, L.P.                                           |
|        |  06-1172793                                                         |
|--------|---------------------------------------------------------------------|
|   2    |  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) [ ]  |
|        |                                                            (b) [ ]  |
|        |  N/A                                                                |
|--------|---------------------------------------------------------------------|
|   3    |  SEC USE ONLY                                                       |
|        |                                                                     |
|--------|---------------------------------------------------------------------|
|   4    |  CITIZENSHIP OR PLACE OF ORGANIZATION                               |
|        |                                                                     |
|        |  Delaware                                                           |
|-----------------|--------|---------------------------------------------------|
|                 |   5    |  SOLE VOTING POWER                                |
|                 |        |  -0- shares                                       |
|     NUMBER OF   |--------|---------------------------------------------------|
|      SHARES     |   6    |  SHARED VOTING POWER                              |
|   BENEFICIALLY  |        |  2,832,691 shares                                 |
|     OWNED BY    |--------|---------------------------------------------------|
|       EACH      |   7    |  SOLE DISPOSITIVE POWER                           |
|    REPORTING    |        |  -0- shares                                       |
|      PERSON     |--------|---------------------------------------------------|
|       WITH      |   8    |  SHARED DISPOSITIVE POWER                         |
|                 |        |  2,832,691 shares                                 |
|------------------------------------------------------------------------------|
|   9    |  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       |
|        |                                                                     |
|        |  2,832,691 shares                                                   |
|--------|---------------------------------------------------------------------|
|  10    |  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN  [ ] |
|        |  SHARES*                                                            |
|        |                                                                     |
|--------|---------------------------------------------------------------------|
|  11    |  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                  |
|        |  9.67%                                                              |
|--------|---------------------------------------------------------------------|
|  12    |  TYPE OF REPORTING PERSON*                                          |
|        |  PN                                                                 |
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 3 of 18 pages


<PAGE>

- -------------------------                           ---------------------------
|CUSIP NO. 0006744161   |           13G            |   Page  4  of  18  Pages |
|          ----------   |                          |        ---     ---       |
- -------------------------                           ---------------------------

|--------|---------------------------------------------------------------------|
|   1    |  NAME OF REPORTING PERSON                                           |
|        |  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                  |
|        |  Philips Venture Fund I, L.P.                                       |
|        |  06-1240701                                                         |
|--------|---------------------------------------------------------------------|
|   2    |  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) [ ]  |
|        |                                                            (b) [ ]  |
|        |  N/A                                                                |
|--------|---------------------------------------------------------------------|
|   3    |  SEC USE ONLY                                                       |
|        |                                                                     |
|--------|---------------------------------------------------------------------|
|   4    |  CITIZENSHIP OR PLACE OF ORGANIZATION                               |
|        |                                                                     |
|        |  Delaware                                                           |
|-----------------|--------|---------------------------------------------------|
|                 |   5    |  SOLE VOTING POWER                                |
|                 |        |  -0- shares                                       |
|     NUMBER OF   |--------|---------------------------------------------------|
|      SHARES     |   6    |  SHARED VOTING POWER                              |
|   BENEFICIALLY  |        |  2,832,691 shares                                 |
|     OWNED BY    |--------|---------------------------------------------------|
|       EACH      |   7    |  SOLE DISPOSITIVE POWER                           |
|    REPORTING    |        |  -0- shares                                       |
|      PERSON     |--------|---------------------------------------------------|
|       WITH      |   8    |  SHARED DISPOSITIVE POWER                         |
|                 |        |  2,832,691 shares                                 |
|------------------------------------------------------------------------------|
|   9    |  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       |
|        |                                                                     |
|        |  2,832,691 shares                                                   |
|--------|---------------------------------------------------------------------|
|  10    |  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN  [ ] |
|        |  SHARES*                                                            |
|        |                                                                     |
|--------|---------------------------------------------------------------------|
|  11    |  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                  |
|        |  9.67%                                                              |
|--------|---------------------------------------------------------------------|
|  12    |  TYPE OF REPORTING PERSON*                                          |
|        |  PN                                                                 |
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 4 of 18 pages


<PAGE>

- -------------------------                           ---------------------------
|CUSIP NO. 0006744161   |           13G            |   Page  5  of  18  Pages |
|          ----------   |                          |        ---     ---       |
- -------------------------                           ---------------------------

|--------|---------------------------------------------------------------------|
|   1    |  NAME OF REPORTING PERSON                                           |
|        |  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                  |
|        |  Vista Ventures Partners II, L.P.                                   |
|        |  06-1240703                                                         |
|--------|---------------------------------------------------------------------|
|   2    |  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) [ ]  |
|        |                                                            (b) [ ]  |
|        |  N/A                                                                |
|--------|---------------------------------------------------------------------|
|   3    |  SEC USE ONLY                                                       |
|        |                                                                     |
|--------|---------------------------------------------------------------------|
|   4    |  CITIZENSHIP OR PLACE OF ORGANIZATION                               |
|        |                                                                     |
|        |  Delaware                                                           |
|-----------------|--------|---------------------------------------------------|
|                 |   5    |  SOLE VOTING POWER                                |
|                 |        |  -0- shares                                       |
|     NUMBER OF   |--------|---------------------------------------------------|
|      SHARES     |   6    |  SHARED VOTING POWER                              |
|   BENEFICIALLY  |        |  2,832,691 shares                                 |
|     OWNED BY    |--------|---------------------------------------------------|
|       EACH      |   7    |  SOLE DISPOSITIVE POWER                           |
|    REPORTING    |        |  -0- shares                                       |
|      PERSON     |--------|---------------------------------------------------|
|       WITH      |   8    |  SHARED DISPOSITIVE POWER                         |
|                 |        |  2,832,691 shares                                 |
|------------------------------------------------------------------------------|
|   9    |  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       |
|        |                                                                     |
|        |  2,832,691 shares                                                   |
|--------|---------------------------------------------------------------------|
|  10    |  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN  [ ] |
|        |  SHARES*                                                            |
|        |                                                                     |
|--------|---------------------------------------------------------------------|
|  11    |  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                  |
|        |  9.67%                                                              |
|--------|---------------------------------------------------------------------|
|  12    |  TYPE OF REPORTING PERSON*                                          |
|        |  PN                                                                 |
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 5 of 18 pages


<PAGE>

- -------------------------                           ---------------------------
|CUSIP NO. 0006744161   |           13G            |   Page  6  of  18  Pages |
|          ----------   |                          |        ---     ---       |
- -------------------------                           ---------------------------

|--------|---------------------------------------------------------------------|
|   1    |  NAME OF REPORTING PERSON                                           |
|        |  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                  |
|        |  Gerald B. Bay                                                      |
|        |  ###-##-####                                                        |
|--------|---------------------------------------------------------------------|
|   2    |  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) [ ]  |
|        |                                                            (b) [ ]  |
|        |  N/A                                                                |
|--------|---------------------------------------------------------------------|
|   3    |  SEC USE ONLY                                                       |
|        |                                                                     |
|--------|---------------------------------------------------------------------|
|   4    |  CITIZENSHIP OR PLACE OF ORGANIZATION                               |
|        |                                                                     |
|        |  United States                                                      |
|-----------------|--------|---------------------------------------------------|
|                 |   5    |  SOLE VOTING POWER                                |
|                 |        |  -208,657- shares                                 |
|     NUMBER OF   |--------|---------------------------------------------------|
|      SHARES     |   6    |  SHARED VOTING POWER                              |
|   BENEFICIALLY  |        |  2,832,691 shares                                 |
|     OWNED BY    |--------|---------------------------------------------------|
|       EACH      |   7    |  SOLE DISPOSITIVE POWER                           |
|    REPORTING    |        |  -208,657- shares                                 |
|      PERSON     |--------|---------------------------------------------------|
|       WITH      |   8    |  SHARED DISPOSITIVE POWER                         |
|                 |        |  2,832,691 shares                                 |
|------------------------------------------------------------------------------|
|   9    |  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       |
|        |                                                                     |
|        |  3,041,348 shares                                                   |
|--------|---------------------------------------------------------------------|
|  10    |  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN  [ ] |
|        |  SHARES*                                                            |
|        |                                                                     |
|--------|---------------------------------------------------------------------|
|  11    |  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                  |
|        |  10.38%                                                             |
|--------|---------------------------------------------------------------------|
|  12    |  TYPE OF REPORTING PERSON*                                          |
|        |  IN                                                                 |
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 6 of 18 pages


<PAGE>

- -------------------------                           ---------------------------
|CUSIP NO. 0006744161   |           13G            |   Page  7  of  18  Pages |
|          ----------   |                          |        ---     ---       |
- -------------------------                           ---------------------------

|--------|---------------------------------------------------------------------|
|   1    |  NAME OF REPORTING PERSON                                           |
|        |  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                  |
|        |  Edwin Snape                                                        |
|        |  ###-##-####                                                        |
|--------|---------------------------------------------------------------------|
|   2    |  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) [ ]  |
|        |                                                            (b) [ ]  |
|        |  N/A                                                                |
|--------|---------------------------------------------------------------------|
|   3    |  SEC USE ONLY                                                       |
|        |                                                                     |
|--------|---------------------------------------------------------------------|
|   4    |  CITIZENSHIP OR PLACE OF ORGANIZATION                               |
|        |                                                                     |
|        |  United States                                                      |
|-----------------|--------|---------------------------------------------------|
|                 |   5    |  SOLE VOTING POWER                                |
|                 |        |  -0- shares                                       |
|     NUMBER OF   |--------|---------------------------------------------------|
|      SHARES     |   6    |  SHARED VOTING POWER                              |
|   BENEFICIALLY  |        |  2,832,691 shares                                 |
|     OWNED BY    |--------|---------------------------------------------------|
|       EACH      |   7    |  SOLE DISPOSITIVE POWER                           |
|    REPORTING    |        |  -0- shares                                       |
|      PERSON     |--------|---------------------------------------------------|
|       WITH      |   8    |  SHARED DISPOSITIVE POWER                         |
|                 |        |  2,832,691 shares                                 |
|------------------------------------------------------------------------------|
|   9    |  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       |
|        |                                                                     |
|        |  2,832,691 shares                                                   |
|--------|---------------------------------------------------------------------|
|  10    |  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN  [ ] |
|        |  SHARES*                                                            |
|        |                                                                     |
|--------|---------------------------------------------------------------------|
|  11    |  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                  |
|        |  9.67%                                                              |
|--------|---------------------------------------------------------------------|
|  12    |  TYPE OF REPORTING PERSON*                                          |
|        |  IN                                                                 |
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 7 of 18 pages


<PAGE>

- -------------------------                           ---------------------------
|CUSIP NO. 0006744161   |           13G            |   Page  8  of  18  Pages |
|          ----------   |                          |        ---     ---       |
- -------------------------                           ---------------------------

|--------|---------------------------------------------------------------------|
|   1    |  NAME OF REPORTING PERSON                                           |
|        |  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                  |
|        |  John F. Tomlin                                                     |
|        |  ###-##-####                                                        |
|--------|---------------------------------------------------------------------|
|   2    |  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) [ ]  |
|        |                                                            (b) [ ]  |
|        |  N/A                                                                |
|--------|---------------------------------------------------------------------|
|   3    |  SEC USE ONLY                                                       |
|        |                                                                     |
|--------|---------------------------------------------------------------------|
|   4    |  CITIZENSHIP OR PLACE OF ORGANIZATION                               |
|        |                                                                     |
|        |  United States                                                      |
|-----------------|--------|---------------------------------------------------|
|                 |   5    |  SOLE VOTING POWER                                |
|                 |        |  -0- shares                                       |
|     NUMBER OF   |--------|---------------------------------------------------|
|      SHARES     |   6    |  SHARED VOTING POWER                              |
|   BENEFICIALLY  |        |  2,832,691 shares                                 |
|     OWNED BY    |--------|---------------------------------------------------|
|       EACH      |   7    |  SOLE DISPOSITIVE POWER                           |
|    REPORTING    |        |  -0- shares                                       |
|      PERSON     |--------|---------------------------------------------------|
|       WITH      |   8    |  SHARED DISPOSITIVE POWER                         |
|                 |        |  2,832,691 shares                                 |
|------------------------------------------------------------------------------|
|   9    |  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       |
|        |                                                                     |
|        |  2,832,691 shares                                                   |
|--------|---------------------------------------------------------------------|
|  10    |  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN  [ ] |
|        |  SHARES*                                                            |
|        |                                                                     |
|--------|---------------------------------------------------------------------|
|  11    |  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                  |
|        |  9.67%                                                              |
|--------|---------------------------------------------------------------------|
|  12    |  TYPE OF REPORTING PERSON*                                          |
|        |  IN                                                                 |
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 8 of 18 pages




<PAGE>


                                  Schedule 13G
                                  ------------

Item 1(a).        Name of Issuer: Object Design, Inc.

Item 1(b).        Address of Issuer's Principal Executive Offices: 25 Mall Road,
                  Burlington, MA 01803-4194.

Item 2(a).        Names of Persons Filing: Vista III, L.P. ("Vista III"), Vista
                  III Partners, L.P., the sole general partner of Vista III
                  ("Vista III Partners"), Philips Venture Fund I, L.P. ("Philips
                  Venture Fund"), Vista Ventures Partners II, the sole general
                  partner of Philips Venture Fund ("Vista Ventures Partners"),
                  Gerald B. Bay, Edwin Snape and John F. Tomlin, the general
                  partners of Vista III Partners and Vista Ventures Partners
                  ("Investing General Partners") and Robert P. Cummins, a former
                  general partner of Vista III Partners and Vista Ventures
                  Partners.

Item 2(b).        Address of Principal Business Office or, if None, Residence:
                  The address of the principal business office of Vista III,
                  Vista III Partners, Philips Venture Fund, Vista Ventures
                  Partners, and the Investing General Partners is The Vista
                  Group, c/o Palmeri Fund Administrators, Inc., 700 Godwin
                  Avenue, Suite 110, Midland Park, NJ 07432.

Item 2(c).        Citizenship: Each of Vista III, Vista III Partners, Philips
                  Venture Fund, and Vista Ventures Partners is a limited
                  partnership organized under the laws of the State of Delaware.
                  The Investing General Partners are each citizens of the United
                  States.

Item 2(d).        Title of Class of Securities: Common Stock, $.001 par value,
                  (the "Common Stock").

Item 2(e).        CUSIP Number: 0006744161

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

                  (a) [ ] Broker or Dealer registered under Section 15 of the 
                          Securities Exchange Act of 1934 (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 of 1940.

                  (e) [ ] Investment Adviser registered under Section 203 of the
                          Investment Advisers Act of 1940.

                  (f) [ ] Employee Benefit Plan, Pension Fund
                          which is subject to the provisions of the
                          Employee Retirement Income Security Act of
                          1974 or Endowment Fund; see Rule
                          13d-1(b)(1)(ii)(F) of the Act.

                  (g) [ ] Parent Holding Company, in accordance with Rule
                          13d-1(b)(ii)(G) of the Act.



                               Page 9 of 18 pages




<PAGE>
                  (h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H) of
                          the Act.

                  Not Applicable.

Item 4.           Ownership.
                  ---------

         (a)      Amount Beneficially Owned:

                  Vista III is the record owner of 2,275,072 shares (the "Vista
                  Shares") of Common Stock as of December 31, 1997. Vista III
                  has the power to vote or direct the disposition of all of the
                  Vista Shares. Such power is exercised through Vista III
                  Partners, as the sole general partner of Vista III. As general
                  partner of Vista III, Vista III Partners may be deemed to
                  beneficially own the Vista Shares. The Investing General
                  Partners have the power over all the voting and investment
                  decisions of Vista III Partners and, as such, the Investing
                  General Partners may be deemed to share beneficial ownership
                  of the Vista Shares.

                  Philips Venture Fund is the record owner of 557,619 shares
                  (the "Philips Shares") of Common Stock as of December 31,
                  1997. Philips Venture Fund has the power to vote or direct the
                  disposition of all of the Philips Shares. Such power is
                  exercised through Vista Ventures Partners as the sole general
                  partner of Philips Venture Fund. As the general partner of
                  Philips Venture Fund, Vista Ventures Partners may be deemed to
                  beneficially own the Philips Shares. The Investing General
                  Partners have the power over all the voting and investment
                  decisions of Vista Ventures Partners and, as such, may be
                  deemed to share beneficial ownership of the Philips Shares.

                  Given the affiliate relationships among Vista III, Vista III
                  Partners, Philips Venture Fund, Vista Ventures Partners, and
                  the Investing General Partners (individually an "Entity" and
                  collectively the "Entities"), as of December 31, 1997, each
                  Entity may be deemed to beneficially own both the Vista Shares
                  and the Philips Shares. Hence, each Entity may be deemed to
                  beneficially own 2,832,691 shares of Common Stock.

                  In addition to the Vista Shares and the Philips Shares, Gerald
                  B. Bay may be deemed to individually beneficially own an
                  additional 208,657 shares of Common Stock.

                  However, Vista III Partners, Vista Ventures Partners and the
                  Investing General Partners expressly disclaim beneficial
                  ownership of all of the Vista Shares and the Philips Shares.
                  Vista III expressly disclaims beneficial ownership of the
                  Philips Shares and Philips Venture Fund expressly disclaims
                  beneficial ownership of the Vista Shares.

         (b)      Percent of Class:

                  Each of Vista III, Vista III Partners, Philips Venture Fund,
                  Vista Ventures Partners and the Investing General Partners
                  (with the exception of Gerald B. Bay) may be deemed to own
                  beneficially 9.67% of the Issuer's Outstanding Common Stock.
                  Gerald B. Bay may be deemed to own beneficially 10.38% of the
                  Issuer's Outstanding Common Stock. The foregoing percentages
                  are based on the 29,289,000 shares of Common Stock reported
                  outstanding as of December 31, 1997, as confirmed by the
                  Issuer's Chief Financial Officer.



                               Page 10 of 18 pages
<PAGE>
         (c)      Number of shares as to which such person has:

                  (i)      sole power to vote or to direct the vote:

                           Each of Vista III, Vista III Partners, Philips
                           Venture Fund, Vista Ventures Partners and the
                           Investing General Partners (with the exception of
                           Gerald B. Bay) has the sole power to vote or to
                           direct the vote of -0-shares. Gerald B. Bay has the
                           sole power to vote or to direct the vote of -208,657-
                           shares.

                  (ii)     shared power to vote or to direct the vote:

                           Each of Vista III, Vista III Partners, Philips
                           Venture Fund, Vista Ventures Partners and the
                           Investing General Partners has the shared power to
                           vote or to direct the vote of 2,832,691 shares.

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

                           Each of Vista III, Vista III Partners, Philips
                           Venture Fund, Vista Ventures Partners and the
                           Investing General Partners (with the exception of
                           Gerald B. Bay) has the sole power to dispose or to
                           direct the dispositions of -0- shares for each
                           reporting person. Gerald B. Bay has the sole power to
                           dispose or to direct the disposition of -208,657-
                           shares.

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

                           Each of Vista III, Vista III Partners, Philips
                           Venture Fund, Vista Ventures Partners and the
                           Investing General Partners has the shared power to
                           dispose or to direct the disposition of 2,832,691
                           shares.

                           However, Vista III Partners, Vista Ventures Partners
                           and the Investing General Partners expressly disclaim
                           beneficial ownership of all of the Vista Shares and
                           the Philips Shares. Vista III expressly disclaims
                           beneficial ownership of the Philips Shares and
                           Philips Venture Fund expressly disclaims beneficial
                           ownership of the Vista Shares.


Item 5.           Ownership of Five Percent or Less of a Class.
                  --------------------------------------------

                  Robert P. Cummins has ceased to be a beneficial owner of five
                  percent of the outstanding stock of Object Design, Inc.

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.


                               Page 11 of 18 pages




<PAGE>
Item 8.           Identification and Classification of Members of the Group.
                  ---------------------------------------------------------

                  Not Applicable. The reporting persons expressly disclaim
                  membership in a "group" as defined in Rule 13d-1(b)(ii)(H).

Item 9.           Notice of Dissolution of Group.
                  ------------------------------

                  Not Applicable.

Item 10.          Certification.
                  -------------

                  Not Applicable. This statement on Schedule 13G is not filed
                  pursuant to Rule 13d-1(b).




                               Page 12 of 18 pages

<PAGE>


                                    SIGNATURE

         After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct. We also hereby agree to file this statement jointly pursuant to the
Agreement listed on Exhibit 1 hereto.

Date:  February 13th, 1998

Vista III, L.P.                       Philips Venture Fund I, L.P.

 By:  Vista III Partners, L.P.         By: Vista Ventures Partners II, L.P.

By:                      *                By:                   *
    -------------------------------            ---------------------------------
    General Partner                            General Partner

Vista III Partners, L.P.              Vista Ventures Partners II, L.P.

 By:                    *                 By:                   *
    -------------------------------            ---------------------------------
    General Partner                            General Partner

                         *
    ------------------------------- 
    Gerald B. Bay

                         *
    ------------------------------- 
    Edwin Snape

                         *
    ------------------------------- 
    John F. Tomlin

    /s/Robert P. Cummins
    ------------------------------- 
    Robert P. Cummins

*   The undersigned attorney-in-fact, by signing his name below, does hereby
    sign this statement on behalf of the above indicated filers pursuant to
    Powers of Attorney filed hereto as Exhibit 2 and Exhibit 3.


    /s/ Frank Palmeri
    -----------------------------
    Frank Palmeri
    Attorney-in-fact


                               Page 13 of 18 pages




<PAGE>


                                                                       Exhibit 1
                                                                       ---------
                                    AGREEMENT

        Pursuant to Rule 23d-1(f)(1) under the Securities Exchange Act of 1934,
the undersigned hereby agree that only one statement containing the information
required by Schedule 13G need be filed with respect to the ownership by each of
the undersigned of shares of Common Stock of Object Design, Inc.

This agreement may be executed in any number of counterparts, each of which
shall be deemed an original.

EXECUTED this 13th day of February, 1998.

Vista III, L.P.                       Philips Venture Fund I, L.P.

 By:  Vista III Partners, L.P.         By: Vista Ventures Partners II, L.P.

By:                      *               By:                   *
    -------------------------------            ---------------------------------
    General Partner                            General Partner

Vista III Partners, L.P.              Vista Ventures Partners II, L.P.

 By:                    *                By:                   *
    -------------------------------            ---------------------------------
    General Partner                            General Partner

                         *
    ------------------------------- 
    Gerald B. Bay

                         *
    ------------------------------- 
    Edwin Snape

                         *
    ------------------------------- 
    John F. Tomlin

    /s/Robert P. Cummins
    ------------------------------- 
    Robert P. Cummins

*   The undersigned attorney-in-fact, by signing his name below, does hereby
    sign this statement on behalf of the above indicated filers pursuant to
    Powers of Attorney filed hereto as Exhibit 2 and Exhibit 3.


    /s/ Frank Palmeri
    -----------------------------
    Frank Palmeri
    Attorney-in-fact

                               Page 14 of 18 pages

<PAGE>


                                                                       Exhibit 2
                                                                       ---------
                                POWER OF ATTORNEY


         KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Frank Palmeri of Palmeri Fund
Administrators his true and lawful attorney-in-fact and agent, with full power
of substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities (until revoked in writing) to sign any and all
instruments, certificates and documents required to be executed on behalf of
himself individually or on behalf of each or any of Vista II, L.P., Vista
Partners, L.P., Vista III, L.P., or Vista III Partners, L.P. pursuant to Section
13 and Section 16 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and any and all regulations promulgated thereunder, and to file
the same, with all exhibits thereto, and any other documents in connection
therewith, with the Securities and Exchange Commission, and with any other
entity when and if such is mandated by the Exchange Act or by the By-laws of the
National Association of Securities Dealers, Inc., granting unto said
attorney-in-fact and agent full power and authority to do and perform each and
every act and thing requisite and necessary fully to all intents and purposes as
he might or could do in person thereby and ratifying and confirming all that
said attorney-in-fact and agent, or his substitute or substitutes, may lawfully
do or cause to be done by virtue hereof, or may have done in connection with the
matters described above.





                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]




                               Page 15 of 18 pages

<PAGE>

         IN WITNESS WHEREOF, this Power of Attorney has been signed as of the
13th day of February, 1996.



VISTA II, L.P.

By: Vista Partners, L.P.

By: /s/ Gerald B. Bay
    ---------------------------------
    Gerald B. Bay
    General Partner


VISTA PARTNERS, L.P.

By: /s/ Gerald B. Bay
    ---------------------------------
    Gerald B. Bay
    General Partner

VISTA III, L.P.

By: Vista III Partners, L.P.

By: /s/ Gerald B. Bay
    ---------------------------------
    Gerald B. Bay
    General Partner


VISTA III PARTNERS, L.P.

By: /s/ Gerald B. Bay
    ---------------------------------
    Gerald B. Bay
    General Partner


/s/ Edwin Snape
- ---------------------------------
Edwin Snape


/s/ Gerald B. Bay
- ---------------------------------
Gerald B. Bay


/s/ John F. Tomlin
- ---------------------------------
John F. Tomlin


                               Page 16 of 18 pages


<PAGE>


                                                                       Exhibit 3
                                                                       ---------
                                POWER OF ATTORNEY


         KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Frank Palmeri of Palmeri Fund
Administrators his true and lawful attorney-in-fact and agent, with full power
of substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities (until revoked in writing) to sign any and all
instruments, certificates and documents required to be executed on behalf of
each or any of Philips Venture Fund I, L.P. or Vista Ventures Partners II, L.P.
pursuant to Section 13 and Section 16 of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), and any and all regulations promulgated
thereunder, and to file the same, with all exhibits thereto, and any other
documents in connection therewith, with the Securities and Exchange Commission,
and with any other entity when and if such is mandated by the Exchange Act or by
the By-laws of the National Association of Securities Dealers, Inc., granting
unto said attorney-in-fact and agent full power and authority to do and perform
each and every act and thing requisite and necessary fully to all intents and
purposes as he might or could do in person thereby and ratifying and confirming
all that said attorney-in-fact and agent, or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof, or may have done in connection
with the matters described above.





                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]


                               Page 17 of 18 pages

<PAGE>


         IN WITNESS WHEREOF, this Power of Attorney has been signed as of the
6th day of February, 1997.


PHILIPS VENTURE FUND I, L.P.

By: /s/ John F. Tomlin
    -----------------------------------
    John F. Tomlin
    General Partner


VISTA VENTURES PARTNERS II, L.P.

By: /s/ John F. Tomlin
    -----------------------------------
    John F. Tomlin
    General Partner



                               Page 18 of 18 pages






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