ALLIANCE BANCORP
SC 13D/A, 1999-12-02
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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    AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON DECEMBER 2, 1999

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 2 )

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                             Alliance Bancorp, Inc.
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                                (Name of Issuer)
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                     Common Stock Par Value $0.01 Per Share
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                         (Title of Class of Securities)
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                                   01852J-10-5
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                                 (CUSIP Number)
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                                James F. Dierberg
                        135 N. Meramec, Clayton, MO 63105

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                                 (314) 854-4600
(Name,  Address and Telephone Number of Person Authorized to Receive Notices and
Communications)

                                  July 1, 1998
             (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  which is the subject of this  Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [  ].

Check the following box if a fee is being paid with the statement  [  ].  (A fee
is not required only if the reporting  person:  (1) has a previous  statement on
file  reporting  beneficial  ownership of more than five percent of the class of
securities  described  in Item 1;  and (2) has  filed  no  amendment  subsequent
thereto reporting  beneficial  ownership of five percent or less of such class.)
(See Rule 13d-7.)

Note: Six copies of this statement, including all exhibits, should be filed with
the  Commission.  See Rule  13d-1(a) for other  parties to whom copies are to be
sent.

*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).


                     THIS STATEMENT CONTAINS FIVE (5) PAGES

<PAGE>


SCHEDULE 13D
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CUSIP NO.  01852J-10-5                                       Page 2 of 5 Pages
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1          NAME OF REPORTING PERSON
           S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                        INVESTORS OF AMERICA, LIMITED PARTNERSHIP
                    43-1521079
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2          CHECK THE APPROPRIATE BOX IF A MEMBER OFA GROUP*           (a  [ ]
                                                                      (b) [x]

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3          SEC USE ONLY


- ---------- --------------------------------------------------------------------
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4          SOURCE OF FUNDS*

           Not Applicable
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5          CHECK BOX IF  DISCLOSURE  OF LEGAL  PROCEEDINGS IS REQUIRED PURSUANT
           TO o ITEMS 2(d) OR 2(e)

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

6          CITIZENSHIP OR PLACE OF ORGANIZATION

                    NEVADA
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- ------------------- -------- --------------------------------------------------

    NUMBER OF       7        SOLE VOTING POWER

      SHARES                 434,689
- ------------------- -------- --------------------------------------------------
- ------------------- -------- --------------------------------------------------

   BENEFICIALLY     8        SHARED VOTING POWER

     OWNED BY                               NONE
- ------------------- -------- --------------------------------------------------
- ------------------- -------- --------------------------------------------------

       EACH         9        SOLE DISPOSITIVE POWER
                             434,689
    REPORTING
- ------------------- -------- --------------------------------------------------
- ------------------- -------- --------------------------------------------------

      PERSON        10       SHARED DISPOSITIVE POWER

       WITH                                 NONE
- ------------------- -------- --------------------------------------------------
- ---------- --------------------------------------------------------------------

11         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           434,689
- ---------- --------------------------------------------------------------------
- ---------- --------------------------------------------------------------------

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

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

            4.3%
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- ---------- --------------------------------------------------------------------

14         TYPE OF REPORTING PERSON

                    IV, PN
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                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
       (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION

<PAGE>

Item 1. Security and Issuer

         The statement of Schedule 13D filed by the reporting person on July 15,
1992, and amended on March 21, 1997, to report ownership of shares of the Common
Stock, par value $0.01 per share, (the "Common Stock") of Alliance Bancorp, Inc.
("Alliance") whose principal  executive offices are located at One Grant Square,
Hinsdale, Illinois, is hereby amended.

         On November 29,  1999,  Investors of America,  Limited  Partnership,  a
Nevada  limited  partnership,  ("Investors")  became aware that its ownership in
Alliance  had fallen  below 5%  following  Alliance's  acquisition  of Southwest
Bancshares  Inc.  on July 1, 1998.  This  amendment  is being  filed to report a
decrease in the ownership  percentage of outstanding  shares of the Common Stock
as a result of that acquisition.  Investors has not purchased nor sold shares of
the Common Stock  subsequent  to its filing of Amendment 1 to the Schedule  13D.
The number of shares owned was increased  from 289,793  shares to 434,689 shares
by a three-for-two stock split in 1997.

Item 2. Identity and Background

         No change.

Item 3. Source and Amount of Funds or Other Consideration

         Not applicable.  This amendment is being filed to report that Investors
ceased to be the beneficial owner of more than five percent of the Common Stock.

Item 4. Purpose of Transaction

         No change.

Item 5. Interest in Securities of the Issuer

         (a) The aggregate  percentage of shares of Common Stock  reported owned
by Investors is based upon 10,217,751  shares  outstanding at November 30, 1999,
as indicated by Mr.  Richard A.  Hojnicki,  Executive  Vice  President and Chief
Financial Officer of Alliance.  As of the close of business on December 1, 1999,
Investors  beneficially  owned 434,689 shares of Common Stock, or  approximately
4.3% of such number of shares.

         (b)  Investors beneficially  owns 434,689 shares of  the  Common  Stock
and has the sole  power to vote and  dispose of such shares.

         (c) There were no  transactions  in the shares of Common Stock effected
by Investors during the past sixty days.

         (d)  Not Applicable.

         (e) The reporting person ceased to be the beneficial owner of more than
five percent of the Common Stock on July 1, 1998.


Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
         Securities of the Issuer

         No change.


Item 7. Material to Be Filed as Exhibits

         None



<PAGE>




         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.


                                        INVESTORS OF AMERICA,
                                        LIMITED PARTNERSHIP


Date: December 2, 1999                  By:/s/ James F. Dierberg
                                        ------------------------
                                               James F. Dierberg, President of
                                               First Securities America, Inc.,
                                               General Partner




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