SAFEGUARD SCIENTIFICS INC ET AL
SC 13G/A, 1999-02-16
COMPUTERS & PERIPHERAL EQUIPMENT & SOFTWARE
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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)(c), AND (d) AND AMENDMENTS THERETO FILED
                          PURSUANT TO RULE 13d-2(b)
                            (AMENDMENT NO. 1)(1)


                   Diamond Technology Partners Incorporated
- --------------------------------------------------------------------------------
                              (Name of Issuer)

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

                                252762 10 9
                     ----------------------------------
                              (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 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 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).

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CUSIP No.   252762 10 9      SCHEDULE 13G     PAGE     2    of    8    PAGES
            -----------                             -------    -------
- -------------------------------------------------------------------------------
1.        NAMES OF REPORTING PERSONS
          S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

          Safeguard Scientifics, Inc. 23-1609753
- ------------------------------------------------------------------------------
2.        CHECK THE APPROPRIATE BOX IF A MEMBER                    (a)  / x /
          OF A GROUP:*                                             (b)  /   /
- ------------------------------------------------------------------------------
3.        SEC USE ONLY

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

          Pennsylvania
- -------------------------------------------------------------------------------
                             5.     SOLE VOTING POWER

         NUMBER OF                  0
          SHARES             --------------------------------------------------
       BENEFICIALLY          6.     SHARED VOTING POWER
         OWNED BY
          EACH                      1,185,035
        REPORTING            --------------------------------------------------
         PERSON              7.     SOLE DISPOSITIVE POWER
          WITH
                                    0
                             --------------------------------------------------
                             8.     SHARED DISPOSITIVE POWER

                                    150,000
- -------------------------------------------------------------------------------
9.        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          1,185,035
- -------------------------------------------------------------------------------
10.       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN 
          SHARES*                                                       / X /
- -------------------------------------------------------------------------------
11.       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

          12.4%
- -------------------------------------------------------------------------------
12.       TYPE OF REPORTING PERSON*

          CO
- -------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


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CUSIP No.   252762 10 9      SCHEDULE 13G     PAGE     3    of    8    PAGES
            -----------                             -------    -------
- -------------------------------------------------------------------------------

1.        NAMES OF REPORTING PERSONS
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

          Safeguard Scientifics (Delaware), Inc. 51-0291171
- -------------------------------------------------------------------------------
2.        CHECK THE APPROPRIATE BOX IF A MEMBER                    (a)  / x /
          OF A GROUP*                                              (b)  /   /
- -------------------------------------------------------------------------------
3.        SEC USE ONLY

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

          Delaware
- -------------------------------------------------------------------------------
                             5.     SOLE VOTING POWER

         NUMBER OF                  0
          SHARES             --------------------------------------------------
       BENEFICIALLY          6.     SHARED VOTING POWER
         OWNED BY
          EACH                      1,035,035
        REPORTING            --------------------------------------------------
         PERSON              7.     SOLE DISPOSITIVE POWER
          WITH
                                    0
                             --------------------------------------------------
                             8.     SHARED DISPOSITIVE POWER

                                    1,035,035
- -------------------------------------------------------------------------------
9.        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          1,035,035
- -------------------------------------------------------------------------------
10.       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN 
          SHARES*                                                       /  /
- -------------------------------------------------------------------------------
11.       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

          10.9%
- -------------------------------------------------------------------------------
12.       TYPE OF REPORTING PERSON*

          CO
- -------------------------------------------------------------------------------


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CUSIP No.   252762 10 9      SCHEDULE 13G     PAGE     4    of    8    PAGES
            -----------                             -------    -------
- -------------------------------------------------------------------------------

1.        NAMES OF REPORTING PERSONS
          S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

          Safeguard Delaware, Inc. 52-2081181
- -------------------------------------------------------------------------------
2.        CHECK THE APPROPRIATE BOX IF A MEMBER                    (a)  / x /
          OF A GROUP:*                                             (b)  /   /
- -------------------------------------------------------------------------------
3.        SEC USE ONLY

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

          Delaware
- -------------------------------------------------------------------------------
                             5.     SOLE VOTING POWER

         NUMBER OF                  0
          SHARES             --------------------------------------------------
       BENEFICIALLY          6.     SHARED VOTING POWER
         OWNED BY
          EACH                      150,000
        REPORTING            --------------------------------------------------
         PERSON              7.     SOLE DISPOSITIVE POWER
          WITH
                                    0
                             --------------------------------------------------
                             8.     SHARED DISPOSITIVE POWER

                                    150,000
- -------------------------------------------------------------------------------
9.        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          150,000
- -------------------------------------------------------------------------------
10.       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN 
          SHARES*                                                       / X /
- -------------------------------------------------------------------------------
11.       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

          1.6%
- -------------------------------------------------------------------------------
12.       TYPE OF REPORTING PERSON*

          CO
- -------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


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CUSIP No.   252762 10 9      SCHEDULE 13G     PAGE     5    of    8    PAGES
            -----------                             -------    -------
- -------------------------------------------------------------------------------

ITEM 1 (a)   NAME OF ISSUER:

Diamond Technology Partners Incorporated

ITEM 1 (b)   ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

             875 North Michigan, Suite 3000
             Chicago, IL 60611

ITEM 2 (a)   NAME OF PERSON FILING:

             (1) Safeguard Scientifics, Inc.
             (2) Safeguard Scientifics (Delaware), Inc.
             (3) Safeguard Delaware, Inc.

ITEM 2 (b)   ADDRESS OF PRINCIPAL BUSINESS OFFICE:
          
             (1) 800 The Safeguard Building
                 435 Devon Park Drive
                 Wayne, PA 19087-1945

             (2) 103 Springer Building
                 3411 Silverside Road
                 Wilmington, DE 19803

             (3) 103 Springer Building
                 3411 Silverside Road
                 Wilmington, DE 19803

ITEM 2 (c)   CITIZENSHIP:

             (1) Pennsylvania
             (2) Delaware
             (3) Delaware

ITEM 2 (d)   TITLE OF CLASS OF SECURITIES:

             Class A Common Stock, $.001 par value per share

ITEM 2 (e)   CUSIP NUMBER:
 
             252762 10 9


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 Exchange Act;

             (b)  / /  Bank as defined in Section 3(a)(6) of the 
                       Exchange Act;

             (c)  / /  Insurance Company as defined in Section 3(a)(19)
                       of the Exchange Act;

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CUSIP No.   252762 10 9      SCHEDULE 13G     PAGE     6    of    8    PAGES
            -----------                             -------    -------
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             (d)  / /  Investment Company registered under Section 8 of
                       the Investment Company act of 1940;

             (e)  / /  An investment adviser in accordance with 
                       Rule 13d-1(b)(1)(ii)(F);

             (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-2(b)(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 3(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. / /

     Not applicable


ITEM 4       OWNERSHIP:

     (a)     Amount Beneficially Owned:  

             1,185,035 shares (943,853 shares of Class A common stock 
             and currently exercisable warrants to acquire an additional 
             241,182 shares of common stock)
                          
     (b)     Percent of Class: 

             12.4%

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

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

                   0

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

                   1,185,035

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

                   0

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



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CUSIP No.   252762 10 9      SCHEDULE 13G     PAGE     7    of    8    PAGES
            -----------                             -------    -------
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ITEM 5.      OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

             If this statement is being filed to report the fact that as of 
the date hereof the reporting person has ceased to be the beneficial owner of 
more than five percent of the class of securities, check the following:   /  /

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:

             Safeguard Scientifics (Delaware), Inc., a Delaware corporation, 
and Safeguard Delaware, Inc., a Delaware corporation, are wholly owned 
subsidiaries of Safeguard Scientifics, Inc.

ITEM 8.      IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:

             Safeguard Scientifics (Delaware), Inc., Safeguard Delaware, 
Inc., and Safeguard Scientifics, Inc. are members of a group for purposes of 
Sections 13(d) and 13(g) of the Securities Exchange Act of 1934.

ITEM 9.      NOTICE OF DISSOLUTION OF GROUP:

             Not Applicable

ITEM 10.     CERTIFICATION:

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

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CUSIP No.   252762 10 9      SCHEDULE 13G     PAGE     8    of    8    PAGES
            -----------                             -------    -------
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                                  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. In executing this statement, the undersigned agrees, to the extent 
required by Rule 13d-1(f), that this statement is being filed on behalf on 
each of the Reporting Persons herein.


                                         SAFEGUARD SCIENTIFICS, INC.


                                         By:  /s/ James A. Ounsworth
                                            ----------------------------------
                                              James A. Ounsworth
                                              Sr. Vice President and
                                              General Counsel

Dated: February 10, 1999

                                         SAFEGUARD SCIENTIFICS (DELAWARE), INC.


                                         By:  /s/ James A. Ounsworth
                                            ----------------------------------
                                              James A. Ounsworth
                                              Vice President 


Dated: February 10, 1999
                                          
                                         SAFEGUARD DELAWARE, INC.


                                         By:  /s/ James A. Ounsworth
                                            ----------------------------------
                                              James A. Ounsworth
                                              Vice President

Dated: February 10, 1999



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