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


                                  SCHEDULE 13G



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

                          WORLD ACCEPTANCE CORPORATION
                                (Name of Issuer)

                           Common Stock, no par value
                         (Title of Class of Securities)

                                   981419 10 4
                                 (CUSIP Number)

                                December 31, 2000
             (Date of Event which Requires filing of this Statement)


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).






CUSIP No. 981419104                    13G


________________________________________________________________________________
1    NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)

     Thomas W. Smith
________________________________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                 (a)  [_]
                                                                 (b)  [X]

________________________________________________________________________________
3    SEC USE ONLY



________________________________________________________________________________
4    CITIZENSHIP OR PLACE OF ORGANIZATION


     United States
________________________________________________________________________________
  NUMBER OF    5    SOLE VOTING POWER

   SHARES           100,800
               _________________________________________________________________
BENEFICIALLY   6    SHARED VOTING POWER

  OWNED BY          1,933,600
               _________________________________________________________________
    EACH       7    SOLE DISPOSITIVE POWER

  REPORTING         100,800
               _________________________________________________________________
   PERSON      8    SHARED DISPOSITIVE POWER

    WITH            1,933,600
________________________________________________________________________________
9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


     2,034,400
________________________________________________________________________________
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     Not Applicable
________________________________________________________________________________
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


     10.9%
________________________________________________________________________________
12   TYPE OF REPORTING PERSON


     IN
________________________________________________________________________________


                                       -2-




CUSIP No. 981419104                    13G


________________________________________________________________________________
1    NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)

     Thomas N. Tryforos
________________________________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                 (a)  [_]
                                                                 (b)  [X]

________________________________________________________________________________
3    SEC USE ONLY



________________________________________________________________________________
4    CITIZENSHIP OR PLACE OF ORGANIZATION


     United States
________________________________________________________________________________
  NUMBER OF    5    SOLE VOTING POWER

   SHARES           0
               _________________________________________________________________
BENEFICIALLY   6    SHARED VOTING POWER

  OWNED BY          1,933,600
               _________________________________________________________________
    EACH       7    SOLE DISPOSITIVE POWER

  REPORTING         0
               _________________________________________________________________
   PERSON      8    SHARED DISPOSITIVE POWER

    WITH            1,933,600
________________________________________________________________________________
9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


     1,933,600
________________________________________________________________________________
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

     Not Applicable
________________________________________________________________________________
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


     10.4%
________________________________________________________________________________
12   TYPE OF REPORTING PERSON


     IN
________________________________________________________________________________


                                       -3-





ITEM 1.

     (a)  Name of Issuer:

          World Acceptance Corporation

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

          108 Frederick Street
          Greenville, SC 29607

ITEM 2.

     (a)  Name of Person Filing:

          (i)  Thomas W. Smith

          (ii) Thomas N. Tryforos

          The filing of this  Statement  shall not be deemed to be an  admission
          that the  filing  persons  comprise a "group"  within  the  meaning of
          Section 13(d)(3) of the Securities Exchange Act of 1934, as amended.

     (b)  Address of Principal Business Office:

          The following is the address of the principal  business office of each
          of the filing persons:

          323 Railroad Avenue
          Greenwich, CT 06830

     (c)  Citizenship:

          Each of Messrs.  Thomas W. Smith and  Thomas N.  Tryforos  is a United
          States citizen.

     (d)  Title of Class of Securities:

          Common Stock, no par value

     (e)  CUSIP Number:

          981419 10 4

ITEM 3. If this  Statement  is filed  pursuant to Rules  13d-1(b) or 13d-2(b) or
        (c), check whether the person filing is a:

     Not applicable.

     If this Statement is filed pursuant to Rule 13d-1(c), check this box [x]

                                      -4-




ITEM 4. Ownership

     (a)  Thomas W. Smith -  2,034,400  shares;  Thomas N.  Tryforos - 1,933,600
          shares

     (b)  Thomas W. Smith - 10.9%; Thomas N. Tryforos - 10.4%

     (c)  Each of Thomas W. Smith and  Thomas N.  Tryforos  has shared  power to
          vote or to direct  the vote and  shared  power to dispose or to direct
          the disposition of 1,933,600 shares; Thomas W. Smith has sole power to
          vote and dispose of 100,800  shares,  and Thomas N.  Tryforos has sole
          power to vote and dispose of no shares.

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

     Messrs.  Smith and Tryforos in the  aggregate  beneficially  own  2,034,400
     shares in their  capacities  as  investment  managers  for certain  managed
     accounts.  The managed  accounts have the right to receive  dividends from,
     and the proceeds from the sale of, the managed accounts' shares.

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

     Not applicable.

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 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.

                                      -5-




                                    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.

Date: February 14, 2001


                                              /s/ Thomas W. Smith
                                              ----------------------------------
                                              Thomas W. Smith


                                              /s/ Thomas N. Tryforos
                                              ----------------------------------
                                              Thomas N. Tryforos

                                      -6-




                             JOINT FILING AGREEMENT


     The undersigned  agree that the foregoing  Statement on Schedule 13G, dated
February 14, 2001, is being filed with the Securities and Exchange Commission on
behalf of each of the undersigned pursuant to Rule 13d-1(k) Dated:  February 14,
2001

                                              /s/ Thomas W. Smith
                                              ----------------------------------
                                              Thomas W. Smith


                                              /s/ Thomas N. Tryforos
                                              ----------------------------------
                                              Thomas N. Tryforos


                                      -7-