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

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 3)*

SAUCONY, INC.

(Name of Issuer)

Class B Common Stock

(Title of Class of Securities)

804120202

(CUSIP Number)

March 1, 2004

(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 disclosures provided in a prior cover page.

The information required on 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).

Page 1 of 3 Pages

1	NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Donald A. Yacktman
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)			(a)   [   ] (b)   [X]
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION United States
NUMBER OF    SHARES    BENEFICIALLY    OWNED BY    EACH    REPORTING    PERSON    WITH		5   6   7   8	SOLE VOTING POWER -0- SHARED VOTING POWER 20,000 SOLE DISPOSITIVE POWER -0- SHARED DISPOSITIVE POWER 20,000
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,000
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) Not Applicable			[  ]
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.6%(1)
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN

(1)   Mr. Yacktman's percentage of ownership is based upon an aggregate of 3,620,834 shares outstanding as of November 3, 2003.

Page 2 of 3 Pages

        This Amendment No. 3 to the undersigned’s Schedule 13G, which was originally filed on May 22, 2002 (the “Schedule 13G”) with regard to Saucony, Inc. (the “Issuer”) is being filed to amend Items 4 and 5 of the Schedule 13G. Except as expressly stated herein, there have been no material changes in the information set forth in the Schedule 13G.

Item 4. Ownership.

(a) Amount Beneficially Owned: 20,000

(b) Percent of Class: 0.6%

(c) Number of shares as to which such person has:

(i) sole power to vote or to direct the vote: -0-

(ii) shared power to vote or to direct the vote: 20,000

(iii) sole power to dispose or to direct the disposition of: -0-

(iv) shared power to dispose or to direct the disposition of: 20,000

Mr. Yacktman's beneficial ownership consists of 20,000 shares of Class B Common Stock beneficially owned by the Yacktman Family Trust, whereby Mr. Yacktman's wife serves as trustee.

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 five percent of the class of securities, check the following [X].

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.

Dated:   March 15, 2004.

SAUCONY, INC.

By:	/s/  Donald A. Yacktman
	Donald A. Yacktman

Page 3 of 3 Pages