------------------------------ OMB APPROVAL ------------------------------ OMB Number Expires: Estimated average burden hours per response .......14.9 ------------------------------ 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) ARI NETWORK SERVICES INC. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------------------------------- (Title of Class of Securities) 001930205 -------------------------------------------------------------------------------- (CUSIP Number) August 31, 2001 -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) [_] Rule 13d-2(c) ------------------------------------------------------------------------------- (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 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 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 2 CUSIP No. 001930205 13G Page 2 of 6 Pages ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Merrill Lynch and Co., Inc.(ML&Co.) 13-2740599 ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES None _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY None _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING None _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH None ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* HC, CO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 3 CUSIP No. 001930205 13G Page 3 of 6 Pages ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Merrill Lynch International ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION England ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY None _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH None ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* BD, CO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 4 CUSIP No. 001930205 13G Page 4 of 6 Pages ________________________________________________________________________________ Item 1(a). Name of Issuer: ARI NETWORK SERVICES INC. / WI ________________________________________________________________________________ Item 1(b). Address of Issuer's Principal Executive Offices: 330 EAST KILBOURN AVE SUITE 200 MILWAUKEE, WI 53202 ________________________________________________________________________________ Item 2(a). Name of Person Filing: Merrill Lynch & Co., Inc. ________________________________________________________________________________ Item 2(b). Address of Principal Business Office, or if None, Residence: Merrill Lynch & Co., Inc. 4 World Financial Center, FL 12 New York, New York 10080 _______________________________________________________________________________ Item 2(c). Citizenship: SEE ITEM 4 OF COVER PAGES ________________________________________________________________________________ Item 2(d). Title of Class of Securities: SEE COVER PAGE ________________________________________________________________________________ Item 2(e). CUSIP Number: SEE COVER PAGE ________________________________________________________________________________ Item 3. Merrill Lynch & Co. is a parent holding company in accordance with Rule 13d- 1(b)(1)(ii)(G). Merrill Lynch International (MLI), a London based broker- dealer in securities, is a member of the International Securities Markets Association and its activities are regulated by the U.K. Securities and Futures Authority Limited and the London Stock Exchange. PAGE 5 CUSIP No. 001930205 13G Page 5 of 6 Pages Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (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 _____________________________________________________________________________ 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 5 percent of the class of securities, check the following [X] ________________________________________________________________________________ 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. The relevant subsidiary of ML&Co. is Merrill Lynch International, a London based Broker-dealer in securities which provides its customers with general investment banking, advisory, dealing and corporate finance services, organized under the laws of England and Wales. Merrill Lynch International is an indirect wholly owned subsidiary of ML&Co. _____________________________________________________________________________ ___ Item 8. Identification and Classification of Members of the Group. NOT APPLICABLE ________________________________________________________________________________ Item 9. Notice of Dissolution of Group. NOT APPLICABLE ________________________________________________________________________________ PAGE 6 CUSIP No. 001930205 13G Page 6 of 6 Pages Item 10. Certifications. By signing below each of the undersigned certifies that, to the best of their knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: September 7, 2001 Merrill Lynch & Co. Inc. /s/ ---------------------------------------- Name: Lawrence M. Egan Title: Attorney-In-Fact* ---------------------------------------- Date: September 7, 2001 Merrill Lynch International /s/ ---------------------------------------- Name: Larry Dobosh Title: Attorney-In-Fact ---------------------------------------- * Executed pursuant to a Power of Attorney, dated November 17, 1995, a copy of which is attached hereto as Exhibit A. Exhibit A to Schedule 13G Power of Attorney The undersigned, Merrill Lynch & Co., Inc. (the Corporation), a corporation duly organized under the laws of Delaware, with its principal place of business at World Financial Center, North Tower, 250 Vesey Street, New York, New York 10281 does hereby make, constitute and appoint Richard B. Alsop, Richard D. Kreuder, Andrea Lowenthal, Gregory T. Russo, or any other individual from time to time elected or appointed as secretary or an assistant secretary of the Corporation, acting severally, each of whose address is Merrill Lynch & Co., Inc., World Financial Center, North Tower, 250 Vesey Street, New York, New York 10281, as its true and lawful attorneys-in-fact, for it and in its name, place and stead (i) to execute on behalf of the Corporation and cause to be filed and/or delivered, as required under Section 13(d) of the Securities Exchange Act of 1934 (the "Act") and the regulations thereunder, any number, as appropriate, of original, copies, or electronic filings of the Securities and Exchange Commission Schedule 13D or Schedule 13G Beneficial Ownership Reports (together with any amendments and joint filing agreements under Rule 13d-1(f) (1) of the Act, as may be required thereto) to be filed and/or delivered with respect to any equity security (as defined in Rule 13d-1(d) under the Act) beneficially owned by the undersigned and which must be reported by the undersigned pursuant to Section 13(d) of the Act and the regulations thereunder, (ii) to execute on behalf of the Corporation and cause to be filed and /or delivered, any number, as appropriate, of original, copies or electronic filings of any forms (including without limitation), Securities and Exchange Commission Forms 3, 4 and 5) required to be filed pursuant to Section 16 (a) of the Act and the regulations thereunder, and (iii) generally to take such other actions and perform such other things necessary to effectuate the foregoing as fully in all respects as if the undersigned could do if personally present. This Power of Attorney shall remain in effect until revoked, in writing, by the undersigned. IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney, this 17th day of November 1995. MERRILL LYNCH & CO., INC. By: /s/ David H. Komansky Name: David H. Komansky Title: President and Chief Operating Officer