TUDOR INVESTMENT CORP ET AL
SC 13G, 1999-07-27
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G


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







                           Art Technology Group, Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)



                                  COMMON STOCK
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)



                                    04289L107
- --------------------------------------------------------------------------------
                                 (CUSIP Number)


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)






* 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 ("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

<PAGE>


CUSIP 04289L107
- --------------------------------------------------------------------------------
    1)    Names of Reporting Person

          S.S. or I.R.S. Identification No. of Above Person

              Tudor Investment Corporation
              22-2514825
- --------------------------------------------------------------------------------
    2)    Check the Appropriate Box if a Member of a Group (See Instructions)
          (a)

          (b)     X
- --------------------------------------------------------------------------------
    3)    SEC Use Only
- --------------------------------------------------------------------------------
    4)    Citizenship or Place of Organization              Delaware
- --------------------------------------------------------------------------------
Number of Shares    (5) Sole Voting Power                          0
Beneficially        (6) Shared Voting Power                5,460,258
Owned by Each       (7) Sole Dispositive Power                     0
Reporting Person    (8) Shared Dispositive Power           5,460,258
With
- --------------------------------------------------------------------------------
    9)    Aggregate Amount Beneficially Owned by Each Reporting Person
               5,460,258
- --------------------------------------------------------------------------------
   10)    Check if the Aggregate Amount in Row (9) Excludes Certain Shares
          (See Instructions)
- --------------------------------------------------------------------------------
   11)    Percent of Class Represented by Amount in Row 9        17.9%
- --------------------------------------------------------------------------------
   12)    Type of Reporting Person (See Instructions)            CO
- --------------------------------------------------------------------------------



                                     Page 2
<PAGE>


CUSIP 04289L107
- --------------------------------------------------------------------------------
    1)    Names of Reporting Person

          S.S. or I.R.S. Identification No. of Above Person

              Paul Tudor Jones, II
- --------------------------------------------------------------------------------
    2)    Check the Appropriate Box if a Member of a Group (See Instructions)
          (a)

          (b)     X
- --------------------------------------------------------------------------------
    3)    SEC Use Only
- --------------------------------------------------------------------------------
    4)    Citizenship or Place of Organization              USA
- --------------------------------------------------------------------------------
Number of Shares    (5) Sole Voting Power                          0
Beneficially        (6) Shared Voting Power                5,460,258
Owned by Each       (7) Sole Dispositive Power                     0
Reporting Person    (8) Shared Dispositive Power           5,460,258
With
- --------------------------------------------------------------------------------
    9)    Aggregate Amount Beneficially Owned by Each Reporting Person
               5,460,258
- --------------------------------------------------------------------------------
   10)    Check if the Aggregate Amount in Row (9) Excludes Certain Shares
          (See Instructions)
- --------------------------------------------------------------------------------
   11)    Percent of Class Represented by Amount in Row 9        17.9%
- --------------------------------------------------------------------------------
   12)    Type of Reporting Person (See Instructions)            IN
- --------------------------------------------------------------------------------



                                     Page 3
<PAGE>


CUSIP 04289L107
- --------------------------------------------------------------------------------
    1)    Names of Reporting Person

          S.S. or I.R.S. Identification No. of Above Person

              Tudor Global Trading LLC
              13-3862744
- --------------------------------------------------------------------------------
    2)    Check the Appropriate Box if a Member of a Group (See Instructions)
          (a)

          (b)     X
- --------------------------------------------------------------------------------
    3)    SEC Use Only
- --------------------------------------------------------------------------------
    4)    Citizenship or Place of Organization              Delaware
- --------------------------------------------------------------------------------
Number of Shares    (5) Sole Voting Power                          0
Beneficially        (6) Shared Voting Power                4,641,219
Owned by Each       (7) Sole Dispositive Power                     0
Reporting Person    (8) Shared Dispositive Power           4,641,219
With
- --------------------------------------------------------------------------------
    9)    Aggregate Amount Beneficially Owned by Each Reporting Person
               4,641,219
- --------------------------------------------------------------------------------
   10)    Check if the Aggregate Amount in Row (9) Excludes Certain Shares
          (See Instructions)
- --------------------------------------------------------------------------------
   11)    Percent of Class Represented by Amount in Row 9        15.2%
- --------------------------------------------------------------------------------
   12)    Type of Reporting Person (See Instructions)            OO
- --------------------------------------------------------------------------------



                                     Page 4
<PAGE>


CUSIP 04289L107
- --------------------------------------------------------------------------------
    1)    Names of Reporting Person

          S.S. or I.R.S. Identification No. of Above Person

              Tudor Private Equity Fund L.P.
              06-1502169
- --------------------------------------------------------------------------------
    2)    Check the Appropriate Box if a Member of a Group (See Instructions)
          (a)

          (b)     X
- --------------------------------------------------------------------------------
    3)    SEC Use Only
- --------------------------------------------------------------------------------
    4)    Citizenship or Place of Organization              Delaware
- --------------------------------------------------------------------------------
Number of Shares    (5) Sole Voting Power                          0
Beneficially        (6) Shared Voting Power                4,641,219
Owned by Each       (7) Sole Dispositive Power                     0
Reporting Person    (8) Shared Dispositive Power           4,641,219
With
- --------------------------------------------------------------------------------
    9)    Aggregate Amount Beneficially Owned by Each Reporting Person
               4,641,219
- --------------------------------------------------------------------------------
   10)    Check if the Aggregate Amount in Row (9) Excludes Certain Shares
          (See Instructions)
- --------------------------------------------------------------------------------
   11)    Percent of Class Represented by Amount in Row 9        15.2%
- --------------------------------------------------------------------------------
   12)    Type of Reporting Person (See Instructions)            PN
- --------------------------------------------------------------------------------



                                     Page 5
<PAGE>


CUSIP 04289L107
- --------------------------------------------------------------------------------
    1)    Names of Reporting Person

          S.S. or I.R.S. Identification No. of Above Person

              The Raptor Global Fund L.P.
              13-3735415
- --------------------------------------------------------------------------------
    2)    Check the Appropriate Box if a Member of a Group (See Instructions)
          (a)

          (b)     X
- --------------------------------------------------------------------------------
    3)    SEC Use Only
- --------------------------------------------------------------------------------
    4)    Citizenship or Place of Organization              Delaware
- --------------------------------------------------------------------------------
Number of Shares    (5) Sole Voting Power                          0
Beneficially        (6) Shared Voting Power                  204,761
Owned by Each       (7) Sole Dispositive Power                     0
Reporting Person    (8) Shared Dispositive Power             204,761
With
- --------------------------------------------------------------------------------
    9)    Aggregate Amount Beneficially Owned by Each Reporting Person
                 204,761
- --------------------------------------------------------------------------------
   10)    Check if the Aggregate Amount in Row (9) Excludes Certain Shares
          (See Instructions)
- --------------------------------------------------------------------------------
   11)    Percent of Class Represented by Amount in Row 9        0.7%
- --------------------------------------------------------------------------------
   12)    Type of Reporting Person (See Instructions)            PN
- --------------------------------------------------------------------------------



                                     Page 6
<PAGE>


CUSIP 04289L107
- --------------------------------------------------------------------------------
    1)    Names of Reporting Person

          S.S. or I.R.S. Identification No. of Above Person

              The Raptor Global Fund Ltd.
- --------------------------------------------------------------------------------
    2)    Check the Appropriate Box if a Member of a Group (See Instructions)
          (a)

          (b)     X
- --------------------------------------------------------------------------------
    3)    SEC Use Only
- --------------------------------------------------------------------------------
    4)    Citizenship or Place of Organization              Cayman Islands
- --------------------------------------------------------------------------------
Number of Shares    (5) Sole Voting Power                          0
Beneficially        (6) Shared Voting Power                  614,278
Owned by Each       (7) Sole Dispositive Power                     0
Reporting Person    (8) Shared Dispositive Power             614,278
With
- --------------------------------------------------------------------------------
    9)    Aggregate Amount Beneficially Owned by Each Reporting Person
                 614,278
- --------------------------------------------------------------------------------
   10)    Check if the Aggregate Amount in Row (9) Excludes Certain Shares
          (See Instructions)
- --------------------------------------------------------------------------------
   11)    Percent of Class Represented by Amount in Row 9        2.0%
- --------------------------------------------------------------------------------
   12)    Type of Reporting Person (See Instructions)            CO
- --------------------------------------------------------------------------------



                                     Page 7
<PAGE>

Item 1(a).     Name of Issuer:

               Art Technology Group, Inc.

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

               101 Huntington Ave.
               Boston, MA 02199

Item 2(a).     Name of Person Filing:

               Tudor Investment Corporation ("TIC")
               Paul Tudor Jones, II
               Tudor Private Equity Fund L.P. ("TPEF")
               Tudor Global Trading LLC ("TGT")
               The Raptor Global Fund L.P. ("Raptor L.P.")
               The Raptor Global Fund Ltd. ("Raptor Ltd.")

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

               The principal business office of each of TIC, TPEF, TGT and
               Raptor L.P. are:

                       600 Steamboat Road
                       Greenwich, CT 06830

               The principal business office of Mr. Jones is:

                       c/o Tudor Investment Corporation
                       600 Steamboat Road
                       Greenwich, CT 06830

               The principal business office of Raptor Ltd. is:

                       c/o CITCO
                       Kaya Flamboyan 9
                       Curacao, Netherland Antilles

Item 2(c).     Citizenship:

               TIC is a Delaware corporation
               TPEF and Raptor L.P. are Delaware partnerships
               Mr. Jones is a citizen of the United States
               TGT is a Delaware limited liability company
               Raptor Ltd. is a company organized under the laws of the Cayman
               Islands

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

               Common Stock

Item 2(e).     CUSIP Number:

               04289L107


                                     Page 8
<PAGE>


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 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
               (e) [ ]   Investment Adviser registered under section 203 of the
                         Investment Advisers Act of 1940
               (f) [ ]   Employment Benefit Plan, Pension Fund which is subject
                         to the provisions of the Employee Retirement Income
                         Security Act of 1974 or Endowment Fund; see section
                         240.13d-1(b)(1)(ii)(F)
               (g) [ ]   Parent Holding Company, in accordance with section
                         240.13d-1(b)(1)(ii)(G) (Note: See Item 7)
               (h) [ ]   Group, in accordance with section
                         240.13d-1(b)(1)(ii)(H)

Item 4.        Ownership (As of July 26, 1999).

               (a) Amount Beneficially Owned:  See Item 9 of cover pages

               (b) Percent of Class: See Item 11 of cover pages

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

                   (i)   sole power to vote or to direct the vote
                         See Item 5 of cover pages
                         -------------------------

                   (ii)  shared power to vote or to direct the vote
                         See Item 6 of cover pages
                         --------------------------

                   (iii) sole power to dispose or to direct the disposition of
                         See Item 7 of cover pages
                         -------------------------

                   (iv)  shared power to dispose or to direct the disposition of
                         See Item 8 of cover pages
                         -------------------------

                   The shares of Common Stock reported herein as beneficially
               owned are owned directly by TPEF (4,641,219 shares), Raptor L.P.
               (204,761 shares) and Raptor Ltd. (614,278 shares). Because TIC is
               the sole general partner of Raptor L.P. and provides investment
               advisory services to Raptor Ltd., Raptor L.P. and TPEF, TIC may
               be deemed to beneficially own the shares of Common Stock owned by
               each of such Reporting Persons. TIC expressly disclaims such
               beneficial ownership. Because TGT is the sole general partner of
               TPEF, TGT may be deemed to beneficially own the shares of Common
               Stock owned by such Reporting Person. TGT expressly disclaims
               such beneficial ownership. In addition, because Mr. Jones is the
               controlling shareholder of TIC and the indirect controlling
               equity holder of TGT, Mr. Jones may be deemed to beneficially own
               the shares of Common Stock deemed beneficially owned by TIC and
               TGT. Mr. Jones expressly disclaims such beneficial ownership.

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

                   Not applicable

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.

                    See cover pages




                                     Page 9

<PAGE>

Item 9.        Notice of Dissolution of Group.

                    Not applicable











                                    Page 10
<PAGE>



Item 10.       Certification.

               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 the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.

               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.


                                    Dated:   July 27, 1999

                                    TUDOR INVESTMENT CORPORATION



                                    By:      /s/ Andrew S. Paul
                                       _________________________________________
                                        Andrew S. Paul
                                        Managing Director and General Counsel




                                        /s/ Paul Tudor Jones, II
                                       _________________________________________
                                        Paul Tudor Jones, II



                                    TUDOR PRIVATE EQUITY FUND L.P.

                                    By: Tudor Global Trading LLC,
                                        General Partner



                                        By:     /s/ Andrew S. Paul
                                           _____________________________________
                                             Andrew S. Paul
                                             Managing  Director  and  General
                                             Counsel


                                    TUDOR GLOBAL TRADING LLC



                                    By:      /s/ Andrew S. Paul
                                       _________________________________________
                                        Andrew S. Paul
                                        Managing Director and General Counsel


                                    Page 11
<PAGE>



                                    THE RAPTOR GLOBAL FUND L.P.

                                    By: Tudor Investment Corporation,
                                        General Partner


                                        By:     /s/ Andrew S. Paul
                                           _____________________________________
                                           Andrew S. Paul
                                           Managing Director and General Counsel



                                    THE RAPTOR GLOBAL FUND LTD.

                                    By: Tudor Investment Corporation,
                                        Investment Advisor


                                        By:     /s/ Andrew S. Paul
                                           _____________________________________
                                           Andrew S. Paul
                                           Managing Director and General Counsel




                                    Page 12



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