UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934

                               (Amendment No. 2)*


                                   Agco Corp.
                                (Name of Issuer)

                          Common Stock, $.01 par value
                         (Title of Class of Securities)

                                    001084102
                                 (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:

                                [x] Rule 13d-1(b)
                                [ ] 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. 001084102        13G      Page 2 of 9 Pages

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

   Forstmann-Leff Associates, LLC
   52-2169043

2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                (a) [ ]

                                                (b) [ ]

3  SEC USE ONLY


4  CITIZENSHIP OR PLACE OF ORGANIZATION

   Delaware

                    5  SOLE VOTING POWER
   NUMBER OF
     SHARES            1,864,289 shares
  BENEFICIALLY
    OWNED BY        6  SHARED VOTING POWER
      EACH
    REPORTING          3,204,250 shares
     PERSON
      WITH
                    7  SOLE DISPOSITIVE POWER

                       2,394,171 shares

                    8  SHARED DISPOSITIVE POWER

                       3,958,100 shares

9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        6,352,271  shares  (includes  shares  beneficially  owned  by FLA  Asset
        Management,  LLC, FLA Advisers L.L.C. and Forstmann-Leff  International,
        LLC)

10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN      SHARES
                                                    [ ]
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

    10.7%

12  TYPE OF REPORTING PERSON

    IA, OO



CUSIP NO. 001084102        13G      Page 3 of 9 Pages

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

   FLA Asset Management, LLC
   52-2169045

2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                (a) [ ]

                                                (b) [ ]
3  SEC USE ONLY



4  CITIZENSHIP OR PLACE OF ORGANIZATION

   Delaware


                    5  SOLE VOTING POWER
   NUMBER OF
     SHARES            None
  BENEFICIALLY
    OWNED BY        6  SHARED VOTING POWER
      EACH
    REPORTING          919,875 shares
     PERSON
      WITH
                    7  SOLE DISPOSITIVE POWER

                       None

                    8  SHARED DISPOSITIVE POWER

                       1,685,325 shares

9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    1,685,325 shares

10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN      SHARES
                                                    [ ]

11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

    2.8%

12  TYPE OF REPORTING PERSON

    IA, OO




CUSIP NO. 001084102        13G      Page 4 of 9 Pages

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

   FLA Advisers L.L.C.
   13-3942422

2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                (a) [ ]

                                                (b) [ ]

3  SEC USE ONLY


4  CITIZENSHIP OR PLACE OF ORGANIZATION

   New York


                    5  SOLE VOTING POWER
   NUMBER OF
     SHARES            None
  BENEFICIALLY
    OWNED BY        6  SHARED VOTING POWER
      EACH
    REPORTING          2,235,575 shares
     PERSON
      WITH
                    7  SOLE DISPOSITIVE POWER

                       None

                    8  SHARED DISPOSITIVE POWER

                       2,235,575 shares

9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    2,235,575 shares

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

                                                   [ ]
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

    3.8%

12  TYPE OF REPORTING PERSON

    IA, OO



CUSIP NO. 001084102        13G      Page 5 of 9 Pages

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

   Forstmann-Leff International, LLC
   52-2169041

2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                (a) [ ]

                                                (b) [ ]
3  SEC USE ONLY


4  CITIZENSHIP OR PLACE OF ORGANIZATION

   Delaware

                    5  SOLE VOTING POWER
   NUMBER OF
     SHARES            None
  BENEFICIALLY
    OWNED BY        6  SHARED VOTING POWER
      EACH
    REPORTING          37,200 shares
     PERSON
      WITH
                    7  SOLE DISPOSITIVE POWER

                       None

                    8  SHARED DISPOSITIVE POWER

                       37,200 shares

9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    37,200 shares

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

                                                    [ ]
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

    .1%

12  TYPE OF REPORTING PERSON

    IA, OO


                                                  Page 6 of 9 Pages
Item 1(a)         NAME OF ISSUER:

         Agco Corp.

Item 1(b)        ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

         4205 River Green Parkway
         Duluth, GA 30096

Item 2(a)         NAME OF PERSON FILING:

         See Item 1 of the cover pages attached hereto

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

         590 Madison Avenue
         New York, New York 10022

Item 2(c)         CITIZENSHIP:

         See Item 4 of the cover pages attached hereto

Item 2(d)         TITLE OF CLASS OF SECURITIES:

         Common Stock, par value $.01

Item 2(e)         CUSIP NUMBER:

         001084102

Item 3    Forstmann-Leff   Associates,   LLC,  a  Delaware   limited   liability
          company,is a registered  investment  adviser  under Section 203 of the
          Investment  Advisers  Act of 1940 (the "Act").  FLA Asset  Management,
          LLC, a Delaware limited liability company, is a registered  investment
          adviser under the Act and a subsidiary of  Forstmann-Leff  Associates,
          LLC. FLA Advisers L.L.C., a New York limited liability  company,  is a
          registered   investment   adviser   under   the  Act.   Forstmann-Leff
          International,  LLC,  a  Delaware  limited  liability  company,  is  a
          registered   investment   adviser   under  the  Act.  The  members  of
          Forstmann-Leff  Associates,  LLC's  Investment  Committee are also the
          members of Forstmann-Leff  International,  LLC's Investment  Committee
          and the managers of FLA Advisers L.L.C.


                                                    Page 7 of 9 Pages
Item 4   OWNERSHIP:

                  (a)     Amount beneficially owned:
                          See Item 9 of the cover pages attached hereto

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

                 (c)      See Items 5 through 8 of the cover pages attached
                          hereto

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:

                 Various  clients  of the  reporting  persons  have the right to
                 receive or the power to direct the receipt of  dividends  from,
                 or the  proceeds  from the sale of,  the  Common  Stock of Agco
                 Corp.  No one  client's  interest  in the Common  Stock of Agco
                 Corp. is more than five percent of the total outstanding Common
                 Stock.

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 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.


                                                       Page 8 of 9 Pages
                                   SIGNATURES

                  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.


February 12, 2001

                                       FORSTMANN-LEFF ASSOCIATES, LLC



                                       By:      /s/ Joseph Sullivan
                                       Chief Operating Officer


                                       FLA ASSET MANAGEMENT, LLC


                                       By:      Forstmann-Leff Associates, LLC,
                                                its Sole Member

                                       By:      /s/Joseph Sullivan
                                       Chief Operating Officer

                                       FLA ADVISERS L.L.C.


                                       By:      /s/ Joseph Sullivan
                                       Chief Financial Officer


                                       FORSTMANN-LEFF INTERNATIONAL, LLC


                                       By:      /s/Robert Trosten
                                       Treasurer




                                                             Page 9 of 9 Pages
                                                                 Exhibit A

                                    AGREEMENT

                  The  undersigned,  Forstmann-Leff  Associates,  LLC, FLA Asset
Management,  LLC, FLA Advisers L.L.C.  and  Forstmann-Leff  International,  LLC,
agree that the statement to which this exhibit is appended is filed on behalf of
each of them.


February 12, 2001

                                       FORSTMANN-LEFF ASSOCIATES, LLC


                                       By:      /s/ Joseph Sullivan
                                       Chief Operating Officer


                                       FLA ASSET MANAGEMENT, LLC

                                       By:      Forstmann-Leff Associates, LLC,
                                                its Sole Member

                                       By:      /s/ Joseph Sullivan
                                       Chief Operating Officer


                                       FLA ADVISERS L.L.C.


                                       By:      /s/ Joseph Sullivan
                                       Chief Financial Officer


                                       FORSTMANN-LEFF INTERNATIONAL, LLC


                                       By:      /s/ Robert Trosten
                                       Treasurer