MASSACHUSETTS CAPITAL RESOURCE CO
SC 13G/A, 1997-02-24
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G
                                 (Rule 13d-102)

             Information Statement Pursuant to Rules 13d-1 and 13d-2
                    Under the Securities Exchange Act of 1934
                               (Amendment No. 1)*

                                Lightbridge, Inc.

                                (Name of Issuer)

                                  Common Stock

                         (Title of Class of Securities)

                                   53226 10 7

                                 (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
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 6 Pages


<PAGE>


CUSIP No. 53226 10 7                    13G                  Page 2 of 6 Pages

- --------------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         Massachusetts Capital Resource Company
               04-263-1251
- --------------------------------------------------------------------------------
  2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*          (a) |_|
                                                                  (b) |x|

- --------------------------------------------------------------------------------
  3    SEC USE ONLY


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

       Massachusetts

- --------------------------------------------------------------------------------
                     5   SOLE VOTING POWER  1,309,958
    NUMBER OF                             
                    ------------------------------------------------------------
      SHARES         6   SHARED VOTING POWER
   BENEFICIALLY          
     OWNED BY                 
                    ----------------------------------------------------------- 
       EACH          7   SOLE DISPOSITIVE POWER  1,309,958
    REPORTING            
      PERSON             
                    ------------------------------------------------------------
       WITH          8   SHARED DISPOSITIVE POWER
                         
                         
- --------------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                                    1,309,958

- --------------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN |x|
       SHARES*

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

                                      8.1%

- --------------------------------------------------------------------------------
  12   TYPE OF REPORTING PERSON *

               PN

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

                    *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 2 of 6 Pages
<PAGE>


                                  SCHEDULE 13G

Item 1(a)      Name of Issuer:

                                Lightbridge, Inc.

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

                                281 Winter Street
                                Waltham, MA 02154

Item 2(a)      Name of Person Filing:
                    Massachusetts Capital Resource Company

     2(b) 

               Address of Principal Business Office or, if none, Residence:

                    420 Boylston Street
                    Boston, Massachusetts 02116

     2(c)      Citizenship: 

                    Massachusetts

     2(d)      Title of Class of Securities:

                    Common Stock

     2(e)      CUSIP Number:

                    53226 10 7

Item 3    If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b):

               The reporting person is a group, in accordance with Rule
               13d-1(b)(ii)(H)


Item 4    Ownership:

     4(a)      Amount beneficially owned: 

               The reporting person owns 179,442 shares of Common Stock of
               Lightbridge, Inc. In addition, the reporting person owns warrants
               and convertible securities which are convertible into 500,000 and
               630,516 shares of Common Stock, respectively. The reporting
               person is accordingly deemed to beneficially own 1,309,958
               shares. This figure does not include 75,000 shares beneficially
               owned as of December 31, 1996 by John Hancock Advisers, Inc., an
               indirect wholly-owned subsidiary of one of the partners of the
               reporting person, John Hancock Mutual Life Insurance Company. See
               Item 8 and Exhibit A.


                               Page 3 of 6 Pages


<PAGE>
          

     4(b)      Percent of Class: 

                              8.1%

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

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

                              1,309,958

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

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

                              1,309,958

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

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: 

                    Not Applicable

Item 8         Identification and Classification of Members of the Group:

                    This schedule has been filed pursuant to Rule
                    13d-1(b)(1)(ii)(H). Exhibit A hereto sets forth the identity
                    and Item 3 classification of each of each member of the
                    group.

Item 9         Notice of Dissolution of Group:

                    Not Applicable.


                               Page 4 of 6 Pages
<PAGE>



Item 10        Certification:

               By signing below the undersigned certifies that, to the best of
               its 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.

After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.

                                       MASSACHUSETTS CAPITAL RESOURCE COMPANY

                                       By: /s/ Richard W. Anderson
                                          --------------------------------
                                          Name:  Richard W. Anderson
                                          Title: Senior Vice President

February 14, 1997


                               Page 5 of 6 Pages
<PAGE>


                                    EXHIBIT A

     Massachusetts Capital Resource Company is a limited partnership. Each of
its partners is an insurance company as defined in Section 3(a)(19) of the
Securities Exchange Act of 1934. Its general partners are:

               John Hancock Mutual Life Insurance Company
               New England Life Insurance Company
               Massachusetts Mutual Life Insurance Company
               Allmerica Financial Corporation

     Its limited partners are:

               The Paul Revere Life Insurance Company
               Berkshire Life Insurance Company
               Boston Mutual Life Insurance Company
               Metropolitan Life Insurance Company


                               Page 6 of 6 Pages




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