SC 13G/A

UNITED STATES	OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION	OMB Number: 3235-0145
Washington, D.C. 20549	Expires: December 31, 2005
SCHEDULE 13G	Estimated average burden hours per response. . 11

Under the Securities Exchange Act of 1934
(Amendment No. 2)*

TransTechnology Corporation

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

893889105

(CUSIP Number)

January 6, 2005

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o	Rule 13d-1(b)
ý	Rule 13d-1(c)
o	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.  893889105
	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Discovery Equity Partners, L.P.
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		Not Applicable.
		(a)		o
		(b)		o
	3.	SEC Use Only
	4.	Citizenship or Place of Organization Illinois
Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power None.
			6.		Shared Voting Power  396,485
			7.		Sole Dispositive Power  None.
			8.		Shared Dispositive Power 396,485
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 396,485
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o Not Applicable
	11.	Percent of Class Represented by Amount in Row (9) 5.9 %
	12.	Type of Reporting Person (See Instructions) PN

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	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Discovery Group I, LLC
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		Not Applicable.
		(a)		o
		(b)		o
	3.	SEC Use Only
	4.	Citizenship or Place of Organization Delaware
Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power None.
			6.		Shared Voting Power  458,700
			7.		Sole Dispositive Power  None.
			8.		Shared Dispositive Power 458,700
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 458,700
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o Not Applicable
	11.	Percent of Class Represented by Amount in Row (9) 6.9 %
	12.	Type of Reporting Person (See Instructions) OO

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	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Daniel J. Donoghue
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		Not Applicable.
		(a)		o
		(b)		o
	3.	SEC Use Only
	4.	Citizenship or Place of Organization U.S.A.
Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power None.
			6.		Shared Voting Power  458,700
			7.		Sole Dispositive Power  None.
			8.		Shared Dispositive Power 458,700
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 458,700
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o Not Applicable
	11.	Percent of Class Represented by Amount in Row (9) 6.9 %
	12.	Type of Reporting Person (See Instructions) IN

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	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Michael R. Murphy
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		Not Applicable.
		(a)		o
		(b)		o
	3.	SEC Use Only
	4.	Citizenship or Place of Organization U.S.A.
Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power None.
			6.		Shared Voting Power  458,700
			7.		Sole Dispositive Power  None.
			8.		Shared Dispositive Power 458,700
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 458,700
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o Not Applicable
	11.	Percent of Class Represented by Amount in Row (9) 6.9 %
	12.	Type of Reporting Person (See Instructions) IN

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Item 1.
	(a)	Name of Issuer TransTechnology Corporation
	(b)	Address of Issuer’s Principal Executive Offices 700 Liberty Avenue, Union, New Jersey  07083
Item 2.
	(a)	Name of Person Filing Discovery Equity Partners, L.P.  (“Discovery Partners”) Discovery Group I, LLC, the general partner of Discovery Partners (“Discovery Group”) Daniel J. Donoghue, a Managing Member of Discovery Group Michael R. Murphy, a Managing Member of Discovery Group
	(b)	Address of Principal Business Office or, if none, Residence Discovery Partners, Discovery Group, Mr. Donoghue, and Mr. Murphy are all located at: Hyatt Center, 24th Floor, 71 South Wacker Drive, Chicago, Illinois  60606
	(c)	Citizenship Discovery Partners is an Illinois limited partnership Discovery Group is a Delaware limited liability company Mr. Donoghue and Mr. Murphy are U.S. citizens
	(d)	Title of Class of Securities Common Stock, par value $0.01 per share
	(e)	CUSIP Number 893889105
Item 3.	If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
	Not Applicable.
	(a)	o	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
	(b)	o	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
	(c)	o	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
	(d)	o	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
	(e)	o	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
	(f)	o	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
	(g)	o	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
	(h)	o	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
	(i)	o	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
	(j)	o	Group, in accordance with §240.13d-1(b)(1)(ii)(J).

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Item 4.	Ownership
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
	(a)	Amount beneficially owned:    Discovery Partners – 396,485 Discovery Group – 458,700 Mr. Donoghue – 458,700 Mr. Murphy – 458,700
	(b)	Percent of class:    Discovery Partners – 5.9 % Discovery Group – 6.9 % Mr. Donoghue – 6.9 % Mr. Murphy – 6.9 % The foregoing percentages are based on 6,700,560 shares of Common Stock of the Issuer identified in Item 1 outstanding as of February 4, 2005, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended December 26, 2004.
	(c)	Number of shares as to which the person has:
		(i)	Sole power to vote or to direct the vote    None.
		(ii)	Shared power to vote or to direct the vote     Discovery Partners – 396,485 Discovery Group – 458,700 Mr. Donoghue – 458,700 Mr. Murphy – 458,700
		(iii)	Sole power to dispose or to direct the disposition of    None.
		(iv)	Shared power to dispose or to direct the disposition of    Discovery Partners – 396,485 Discovery Group – 458,700 Mr. Donoghue – 458,700 Mr. Murphy – 458,700
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   o.
Not Applicable.
Item 6.	Ownership of More than Five Percent on Behalf of Another Person
The shares reported herein have been acquired on behalf of discretionary clients of Discovery Group, including Discovery Partners.  Such discretionary clients are entitled to receive all dividends from, and proceeds from the sale of, those shares.  Except for Discovery Partners, none of those discretionary clients, to the knowledge of Discovery Partners, Discovery Group, Mr. Donoghue, or Mr. Murphy, has an economic interest in more than 5% of the class.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
Not Applicable.

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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 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.

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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.

DISCOVERY GROUP I, LLC,

for itself and as general partner of

DISCOVERY EQUITY PARTNERS, L.P.

April 13, 2005

Date

/S/ MICHAEL R. MURPHY

Signature

Michael R. Murphy, Managing Member

Name/Title

/S/ DANIEL J. DONOGHUE

Signature

Daniel J. Donoghue

Name/Title

/S/ MICHAEL R. MURPHY

Signature

Michael R. Murphy

Name/Title

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Exhibit Index

Exhibit 1 Joint Filing Agreement dated as of April 13, 2005, by and between Discovery Equity Partners, L.P.; Discovery Group I, LLC; Daniel J. Donoghue; and Michael R. Murphy.

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EX-1

EXHIBIT 1

JOINT FILING AGREEMENT

The undersigned hereby agree to the joint filing of the Amendment No. 2 to the Schedule 13G to which this Agreement is attached.

Dated: April 13, 2005
	DISCOVERY GROUP I, LLC,
	for itself and as general partner of
	DISCOVERY EQUITY
	PARTNERS, L.P.
	By	/S/ MICHAEL R. MURPHY
		Michael R. Murphy
		Managing Member
	/s/ Daniel J. Donoghue
	Daniel J. Donoghue
	/S/ MICHAEL R. MURPHY
	Michael R. Murphy