INTERSYSTEMS INC /DE/
SC 13G, 2000-02-14
FARM MACHINERY & EQUIPMENT
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                     -------

                                  SCHEDULE 13G
                                 (Rule 13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
             TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED
                              PURSUANT TO 13d-2(b)
                               (Amendment No. )(1)


                               INTERSYSTEMS, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)


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


                                    460920101
- --------------------------------------------------------------------------------
                                 (CUSIP Number)


                                December 3, 1999
- --------------------------------------------------------------------------------
             (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)

         |X| Rule 13d-1(c)

         |_| 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 disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).


                               Page 1 of 5 Pages


<PAGE>


- -------------------                                            -----------------
CUSIP No. 460920101                   13G                      Page 2 of 5 Pages
- -------------------                                            -----------------

- --------------------------------------------------------------------------------
1         NAME OF REPORTING PERSON
          SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
          WILLIAM G. WALTERS
- --------------------------------------------------------------------------------
2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                       (a) |_|
                                                                       (b) |_|
- --------------------------------------------------------------------------------
3         SEC USE ONLY


- --------------------------------------------------------------------------------
4         CITIZENSHIP OR PLACE OF ORGANIZATION

          USA
- --------------------------------------------------------------------------------
NUMBER OF SHARES      5      SOLE VOTING POWER
  BENEFICIALLY
    OWNED BY                 441,500
      EACH
     PERSON           ----------------------------------------------------------
    REPORTING         6      SHARED VOTING POWER
      WITH
                             0
                      ----------------------------------------------------------
                      7      SOLE DISPOSITIVE POWER

                             441,500
                      ----------------------------------------------------------
                      8      SHARED DISPOSITIVE POWER

                             0
- --------------------------------------------------------------------------------
9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          441,500
- --------------------------------------------------------------------------------
10        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


- --------------------------------------------------------------------------------
11        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

          5.6%
- --------------------------------------------------------------------------------
12        TYPE OF REPORTING PERSON

          IN
- --------------------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!

                               Page 2 of 5 Pages

<PAGE>


Item 1(a).  Name of Issuer:

            Intersystems, Inc.

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

            7115 Clinton Drive
            Houston, Texas 77020

Item 2(a).  Name of Person Filing:

            This Schedule 13G is filed on behalf of William G. Walters, Inc.
            (the "Reporting Person").

Item 2(b).  Address of Principal Business Office or, if none,
            Residence:

            c/o Whale Securities Co., L.P.
            650 Fifth Avenue
            New York, New York  10019

Item 2(c).  Citizenship:

            USA

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

            Common Stock, $.01 par value

Item 2(e).  CUSIP Number:

            460920101

Item 3.     Not Applicable.

Item 4.     Ownership:

            (a)     Amount Beneficially Owned:

                    On January 13, 2000, the Reporting Person beneficially owned
                    441,500 shares of Common Stock, all of which shares are held
                    in the Reporting Person's IRA account.

            (b)     Percent of Class:

                    5.6%

                               Page 3 of 5 Pages


<PAGE>


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

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

                          441,500

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

                          0

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

                          441,500

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

                          0

Items 5-9.  Not applicable.


Item 10.    By signing  below,  I certify  that, to the best of my knowledge and
            belief,  the securities  referred to above were not acquired and are
            not held  for the  purpose  of or with the  effect  of  changing  or
            influencing  the control of the issuer of such  securities  and were
            not acquired and are not held in connection with or as a participant
            in any transaction having such purpose or effect.


                               Page 4 of 5 Pages


<PAGE>


                                    SIGNATURE

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

Date: February 14, 2000

                                                   By: /s/ William G. Walters
                                                       -------------------------
                                                       William G. Walters




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