-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 AkXE+O1ENnn8tHdZqnlAYaPNrCMHaAuegVMA2w/ZhAoMgoLa3+gNPmGWcFJqHHSF
 4vnr2jiT+TY4sZM5EfAuwQ==

<SEC-DOCUMENT>0000950116-04-001051.txt : 20040330
<SEC-HEADER>0000950116-04-001051.hdr.sgml : 20040330
<ACCEPTANCE-DATETIME>20040330181202
ACCESSION NUMBER:		0000950116-04-001051
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040326
FILED AS OF DATE:		20040330

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NCO PORTFOLIO MANAGEMENT INC
		CENTRAL INDEX KEY:			0001134971
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				233005839
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1705 WHITEHEAD ROAD
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21207
		BUSINESS PHONE:		4105947000

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			NCO GROUP INC
		CENTRAL INDEX KEY:			0001022608
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES [7320]
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-32403
		FILM NUMBER:		04703126

	BUSINESS ADDRESS:	
		STREET 1:		507 PRUDENTIAL ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-441-3000

	MAIL ADDRESS:	
		STREET 1:		507 PRUDENTIAL ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>p331058_ex.xml
<DESCRIPTION>4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-03-26</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0001134971</issuerCik>
        <issuerName>NCO PORTFOLIO MANAGEMENT INC</issuerName>
        <issuerTradingSymbol>NCPM</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001022608</rptOwnerCik>
            <rptOwnerName>NCO GROUP INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>507 PRUDENTIAL ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HORSHAM</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>19044</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, $.01 par value</value>
            </securityTitle>
            <transactionDate>
                <value>2004-03-26</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2004-03-26</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>8600317</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0000</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The shares listed were disposed of pursuant to the Agreement and Plan of Merger dated as of December 12, 2003 by and among NCO Group, Inc. (&quot;NCOG&quot;), NCPM Acquisition Corporation
(&quot;Acquisition&quot;) and NCO Portfolio Management, Inc. (&quot;NCPM&quot;). In the merger, NCPM merged into Acquisition, which survived the merger as a wholly-owned subsidiary of NCOG, and shares of NCPM held by NCOG were cancelled. The market value of NCOG common stock on March 26, 2004, the effective date of the merger, was $22.66 per share and the market value of NCPM common stock was $8.12 per share, based on the closing sale prices on such date.

The filing of this Statement shall not be construed as an admission (a) that the person filing this Statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934 (as amended), the beneficial owner of any equity securities covered by this Statement, or (b) that this Statement is legally required to be filed by such person.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>NCO Group, Inc., /s/ Paul E. Weitzel, Jr., Executive Vice President</signatureName>
        <signatureDate>2004-03-26</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----