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)


                           Jacada Ltd.
                           -----------
                        (Name of Issuer)

                Common Stock, NIS $0.01 par value
                ---------------------------------
                 (Title of Class of Securities)

                            M6184R101
                            ---------
                         (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)

          [ ]  Rule 13d-1(c)

          [x]  Rule 13d-1(d)





 1    Name of Reporting Person          H&Q CLIENT SERVER INVESTORS, L.P.

      IRS Identification No. of Above Person
 2    Check the Appropriate Box if a member of a Group           (a)  [ ]

                                                                 (b)  [x]
 3    SEC USE ONLY

 4    Citizenship or Place of Organization                     CALIFORNIA

   NUMBER OF        5    Sole Voting Power                              0
     SHARES
  BENEFICIALLY
 OWNED BY EACH
   REPORTING
  PERSON WITH
                    6    Shared Voting Power                      804,437

                    7    Sole Dispositive Power                         0

                    8    Shared Dispositive Power                 804,437

  9    Aggregate Amount Beneficially Owned by
       Each Reporting Person                                      804,437

 10    Check Box if the Aggregate Amount in Row (9)
       Excludes Certain Shares                                        [ ]

 11    Percent of Class Represented by Amount in Row 9               4.4%

 12    Type of Reporting Person                                        PN



 1    Name of Reporting PersonH&Q CLIENT SERVER INVESTMENT MANAGEMENT, L.L
      .C.

      IRS Identification No. of Above Person
 2    Check the Appropriate Box if a member of a Group           (a)  [ ]

                                                                 (b)  [x]
 3    SEC USE ONLY

 4    Citizenship or Place of Organization                     CALIFORNIA

   NUMBER OF        5    Sole Voting Power                              0
     SHARES
  BENEFICIALLY
 OWNED BY EACH
   REPORTING
  PERSON WITH
                    6    Shared Voting Power                      804,437

                    7    Sole Dispositive Power                         0

                    8    Shared Dispositive Power                 804,437

  9    Aggregate Amount Beneficially Owned by
       Each Reporting Person                                      804,437

 10    Check Box if the Aggregate Amount in Row (9)
       Excludes Certain Shares                                        [ ]

 11    Percent of Class Represented by Amount in Row 9               4.4%

 12    Type of Reporting Person                                        OO


Item 1(a).     Name of Issuer.

          Jacada Ltd. (the "Issuer").

Item 1(b).     Address of Issuer's Principal Executive Offices.

          11 Galgalei Haplada Street, Herzliya, 46722 Israel

Item 2(a).     Names of Persons Filing.

          Reference is made to Item 1 of each of the cover pages
of this Schedule, which Items are incorporated by reference
herein.

Item 2(b).     Address of Principal Business Office or, if none,
          Residence.

          The address of each reporting person is One Bush
Street, San Francisco, California 94104.

Item 2(c).     Citizenship.

          Reference is made to Item 4 of each of the cover pages
of this Schedule, which Items are incorporated by reference
herein.

Item 2(d).     Title of Class of Securities.

          Common Stock, NIS $0.01 par value ("Common Stock").

Item 2(e).     CUSIP Number.

          M6184R101

Item 3.   Type of Reporting Person.

          Not applicable.  This Schedule 13G is filed pursuant to
Rule 13d-1(d).

Item 4.   Ownership.

          Reference is made to Items 5-9 and 11 of each of the
cover pages to this Schedule, which Items are incorporated by
reference herein.  According to information furnished to the
reporting persons by the Issuer, there were 18,428,531 shares of
Common Stock issued and outstanding as of December 31, 2000.  As
of December 31, 2000, H&Q Client Server Investors, L.P. owned
804,437 shares of Common Stock.  H&Q Client Server Investment
Management, L.L.C. is the investment general partner of H&Q
Client Server Investors, L.P.

          Under the definition of "beneficial ownership" in Rule
13d-3 under the Securities Exchange Act of 1934, it is also
possible that the individual general partners, directors,
executive officers, members and/or managers of the foregoing
entities might be deemed the "beneficial owners" of some or all
of the securities to which this Schedule relates in that they
might be deemed to share the power to direct the voting or
disposition of such securities.  Neither the filing of this
Schedule nor any of its contents shall be deemed to constitute an
admission that any of such individuals is, for any purpose, the
beneficial owner of any of the securities to which this Schedule
relates, and such beneficial ownership is expressly disclaimed.

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 persons have ceased to
be the beneficial owners of more than five 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.

          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.

          Not applicable.

                            Signature

          After reasonable inquiry and to the best of their
knowledge and belief, the undersigned certify that the
information set forth in this statement is true, complete and
correct.

DATED:  February 9, 2001.

H&Q CLIENT SERVER INVESTORS, L.P.

By:  /s/ Jackie A. Berterretche
   __________________________
   Jackie A. Berterretche
   Attorney-in-Fact

H&Q CLIENT SERVER INVESTMENT MANAGEMENT,
L.L.C.

By:  /s/ Jackie A. Berterretche
   __________________________
   Jackie A. Berterretche
   Attorney-in-Fact


                          EXHIBIT INDEX



Exhibit A           Joint Filing Undertaking             Page 8


                    JOINT FILING UNDERTAKING

          The undersigned, being duly authorized thereunto,
hereby execute this agreement as an exhibit to this Schedule 13G
to evidence the agreement of the below-named parties, in
accordance with rules promulgated pursuant to the Securities
Exchange Act of 1934, to file this Schedule and any subsequent
amendment jointly on behalf of each of such parties.

DATED:  February 9, 2001.

H&Q CLIENT SERVER INVESTORS, L.P.

By:  /s/ Jackie A. Berterretche
   __________________________
   Jackie A. Berterretche
   Attorney-in-Fact

H&Q CLIENT SERVER INVESTMENT MANAGEMENT,
L.L.C.

By:  /s/ Jackie A. Berterretche
   __________________________
   Jackie A. Berterretche
   Attorney-in-Fact