DIAMOND TECHNOLOGY PARTNERS INC
SC 13G, 1998-02-13
MANAGEMENT CONSULTING SERVICES
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                         SECURITIES AND EXCHANGE COMMISSION
                                Washington, DC 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)
                                          
                      Diamond Technology Partners Incorporated
                                  (Name of Issuer)

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

                                    252762 10 9
                                   (CUSIP Number)











(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 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              13G

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

     Technology Leaders L.P. 51-0337605

2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                  (a)  / x /
                                                  (b) /   /
3.   SEC USE ONLY

4.   CITIZENSHIP OR PLACE OF ORGANIZATION
     
     Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
     5.   SOLE VOTING POWER                  

     6.   SHARED VOTING POWER                1,249,689
     
     7.   SOLE DISPOSITIVE POWER                  
                                   
     8.   SHARED DISPOSITIVE POWER           1,249,689
               
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     1,249,689

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* /  /

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     17.6%

12.  TYPE OF REPORTING PERSON*

     PN 


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CUSIP NO. 252762 10 9              13G

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

     Technology Leaders Offshore C.V.

2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                  (a)  / x /
                                                  (b) /   /
3.   SEC USE ONLY

4.   CITIZENSHIP OR PLACE OF ORGANIZATION
     
     Curacao, Netherlands

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
     5.   SOLE VOTING POWER                  

     6.   SHARED VOTING POWER                     1,249,689
     
     7.   SOLE DISPOSITIVE POWER                  
                                   
     8.   SHARED DISPOSITIVE POWER                1,249,689
               
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     1,249,689

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* /  /

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     17.6%

12.  TYPE OF REPORTING PERSON*

     PN

 
<PAGE>

CUSIP NO. 252762 10 9              13G

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

     Technology Leaders FR Corp.
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                  (a)  / x /
                                                  (b) /   /
3.   SEC USE ONLY

4.   CITIZENSHIP OR PLACE OF ORGANIZATION
     
     British Virgin Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
     5.   SOLE VOTING POWER                  

     6.   SHARED VOTING POWER                1,249,689
     
     7.   SOLE DISPOSITIVE POWER                  
                                   
     8.   SHARED DISPOSITIVE POWER           1,249,689
               
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     1,249,689

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* /  /

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     17.6%

12.  TYPE OF REPORTING PERSON*

     CO
 
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CUSIP NO. 252762 10 9              13G

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

     Technology Leaders Management L.P. 51-0338641

2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                  (a)  / x /
                                                  (b) /   /
3.   SEC USE ONLY

4.   CITIZENSHIP OR PLACE OF ORGANIZATION
     
     Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
     5.   SOLE VOTING POWER                  

     6.   SHARED VOTING POWER                1,249,689
     
     7.   SOLE DISPOSITIVE POWER                  
                                   
     8.   SHARED DISPOSITIVE POWER           1,249,689
               
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     1,249,689

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* /  /

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     17.6%

12.  TYPE OF REPORTING PERSON*

     PN


 
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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)  Technology Leaders L.P.
(2)  Technology Leaders Offshore C.V.
(3)  Technology Leaders Management L.P.
(4)  Technology Leaders FR Corp.

Item 2 (b)     Address of Principal Business Office:
               -------------------------------------
(1)(3)    800 The Safeguard Building    
          435 Devon Park Drive          
          Wayne, PA 19087-1945     

(2)       c/o ABN Trustcompany (Curacao) N.V.
          P. O. Box 224
          15 Pietermaai
          Curacao, Netherland Antilles

(4)       c/o Matheson Trust Company (BVI) Limited
          Road Town
          Tortola, British Virgin Islands
          
Item 2 (c)     Citizenship:
               ------------
(1)  Delaware limited partnership
(2)  Netherland Antilles limited partnership
(3)  Delaware limited partnership
(4)  British Virgin Islands corporation

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 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 of 1940.


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     (e)  /  / Investment Adviser registered under Section 203 
               of the Investment Advisers Act of 1940.

     (f)  /  / Employee Benefit Plan, Pension Fund which is 
               subject to the provisions of the Employee 
               Retirement Income Security Act of 1974 or 
               Endowment Fund; see 13d-1(b)(1)(ii)(F).

     (g)  /  / Parent Holding Company, in accordance with Rule 13d-
               1(b)(ii)(G); see Item 7.

     (h)  /  / Group, in accordance with Rule 13d-1(b)(1)(ii)(H).

Not applicable

Item 4    Ownership:
          ----------

(a)  Amount Beneficially Owned:              

     1,249,689(includes 241,182 shares that may be acquired upon exercise of
     currently exercisable warrants)

(b)  Percent of Class:   

     17.6% (This percentage was calculated based on the number of shares of
Class A Common Stock outstanding at 12/31/97 and does not include any Class B
Common Stock that may be converted into shares of Class A Common Stock under
certain conditions.)

(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:       

           1,249,689

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

           0

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

           1,249,689

Technology Leaders Management L.P. is the sole general partner of Technology 
Leaders L.P.("TLLP") and a co-general partner of Technology Leaders Offshore 
C.V. ("TLO").  TLLP and TLO are venture capital funds which are required by 
their governing documents to make all investment, voting and disposition 
actions in tandem.  TLLP is the record holder of 470,872 shares and a 
currently exercisable warrant to purchase 112,608 shares. TLO is the record 
holder of 537,635 shares and Technology Leaders FR Corp., a wholly-owned 
holding company of TLO, is the record holder of a currently exercisable 
warrant to purchase 128,574 shares.


<PAGE>



Technology Leaders Management L.P. has sole authority and responsibility for 
all investment, voting and disposition decisions for TLLP and TLO, which 
powers are exercised through its ten person executive committee, by whose 
decisions the general partners have agreed to be bound.  

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:
          ----------------------------------------------------------
Technology Leaders L.P., Technology Leaders Offshore C.V., Technology Leaders
Management L.P. and Technology Leaders FR Corp. 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.
          
          
                                     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. 

<PAGE>

                              TECHNOLOGY LEADERS L.P.
                              By Technology Leaders Management L.P., 
                              general partner

                              By:  /s/ Robert E. Keith, Jr.      
                                   ------------------------------------
                                   Robert E. Keith, Jr.
                                   President, Technology Leaders 
                                   Management, Inc., a general partner
Dated:  February 6, 1998

                              TECHNOLOGY LEADERS OFFSHORE C.V.
                              By Technology Leaders Management L.P., 
                              co-general partner

                              By:  /s/ Robert E. Keith, Jr. 
                                   ------------------------------------
                                   Robert E. Keith, Jr.
                                   President, Technology Leaders 
                                   Management, Inc., a general partner
Dated:  February 6, 1998

                              TECHNOLOGY LEADERS MANAGEMENT L.P.

                              By:  /s/ Robert E. Keith, Jr. 
                                   ------------------------------------
                                   Robert E. Keith Jr.
                                   President, Technology Leaders 
                                   Management, Inc., a general partner
Dated:  February 6, 1998           

                              Technology Leaders FR Corp.

                              By:  /s/ Robert E. Keith, Jr. 
                                   ------------------------------------
                                   Robert E. Keith Jr., President
Dated:  February 6, 1998           




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