SECURITIES EXCHANGE COMMISSION

                              Washington, DC 20549

                    Under the Securities Exchange Act of 1934
                                (Amendment No. 1)

                                 PHOTOMEDEX INC.
                                (Name of Issuer)

                                     Common
                         (Title of Class of Securities)

              Date of Event Which Requires Filing of this Statement
                                 September 14, 2004

                 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)


                                    719358103
                                 (CUSIP NUMBER)


1) Name of Reporting Person:  Pioneer Global Asset Management S.p.A.

         IRS Identification                      98-0362802
         No. of Above

2)       Check the Appropriate Box               (a)
         of A Member of  Group
         (See Instructions)                      (b)

3)       SEC Use Only

4)       Citizenship of Place of
         Organization                            Italy

         Number of                               (5)Sole Voting
         Shares                                  Power               700,000
         Beneficially Owned                      (6)Shared Voting
         by Each Reporting                       Power                   0
         Person With                             (7)Sole Disposi-
                                                 tive Power           700,000
                                                 (8)Shared Disposi-
                                                 tive Power              0

9)       Aggregate Amount Beneficially             700,000
         Owned by Each
         Reporting Person

10)      Check if the aggregate Amount in Row (9) Exclude Certain Shares (See
         Instructions)

11)      Percent of Class Represented
         By Amount in Row 9.                     1.81%

12)      Type of Reporting
         Person (See Instructions)               HC

Item 1(a)         Name of Issuer.

                  PHOTOMEDEX INC.

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

                  Mr. Dennis M. McGrath CFO PhotoMedex Inc. 147 Keystone Drive
                  Montgomeryville, PA 18936

Item 2(a)         Name of Person Filing:

                     Pioneer Global Asset Management S.p.A.

Item 2(b)         Address of Principal Business Office:

                  Galleria San Carlo 6,
                  20122 Milan, Italy

Item 2(c)         Citizenship:

                  Italy

Item 2(d)         Title of Class of Securities:

                  Common Stock

Item 2(e)         CUSIP Number:

                  719358103

Item 3            The person filing this statement pursuant to Rule 13d-1(b)
                  or 13d-2(b) is:

                  (Inapplicable)

Item 4.  Ownership.

(a) Amount Beneficially Owned:   700,000

(b) Percent of Class: 1.81%


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

         (i) sole power to vote or to direct the vote   700,000

         (ii) shared power to vote or to direct vote 0

         (iii) sole power to dispose or to direct disposition of  700,000

         (iv) shared power to dispose or to direct disposition 0

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 here:  X

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

         Inapplicable.

Item 7.  Identification and Classification of the Subsidiary Which Acquired
         the Security Being Reported On By the Parent Holding Company.

         Inapplicable.

Item 8.  Identification and Classification of Members of the Group.

         Inapplicable.

Item 9.  Notice of Dissolution of the Group.

         Inapplicable.

Item 10. Certification.

         By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transactions having
such purposes or effect.

         After reasonable inquiry and to the best of my knowledge and believe, I
certify that the information set forth in this statement is true, complete and
correct.



                  September 23, 2004
                  Date




                  /s/Dario Frigerio
                  Name: Dario Frigerio
                  Title: Chief Executive Officer