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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000007084-04-000055.txt : 20040203
<SEC-HEADER>0000007084-04-000055.hdr.sgml : 20040203
<ACCEPTANCE-DATETIME>20040203164258
ACCESSION NUMBER:		0000007084-04-000055
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20040203

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OVERSEAS SHIPHOLDING GROUP INC
		CENTRAL INDEX KEY:			0000075208
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				132637623
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-30797
		FILM NUMBER:		04563537

	BUSINESS ADDRESS:	
		STREET 1:		511 FIFTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2122511153

	MAIL ADDRESS:	
		STREET 1:		511 FIFTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARCHER DANIELS MIDLAND CO
		CENTRAL INDEX KEY:			0000007084
		STANDARD INDUSTRIAL CLASSIFICATION:	FATS & OILS [2070]
		IRS NUMBER:				410129150
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		4666 FARIES PKWY
		CITY:			DECATUR
		STATE:			IL
		ZIP:			62526
		BUSINESS PHONE:		2174244798

	MAIL ADDRESS:	
		STREET 1:		4666 FARIES PKWY
		CITY:			DECATUR
		STATE:			IL
		ZIP:			62526
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>adm13gosg020304.htm
<DESCRIPTION>SC 13D/A FOR OVERSEAS SHIPHOLDING GROUP INC
<TEXT>
<HTML>
<HEAD>
<TITLE>SC 13D/A for Overseas Shipholding Group, Inc.</TITLE>
</HEAD>
<BODY>

<FONT FACE="Courier New"><P>&#9;PAGE 1</P>
<P ALIGN="CENTER">UNITED STATES</P>
<P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>
<P ALIGN="CENTER">Washington, D.C. 20549</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">SCHEDULE 13D</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Under the Securities Exchange Act of 1934</P>
<P ALIGN="CENTER">(Amendment No. 5 )*</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">OVERSEAS SHIPHOLDING GROUP, INC.</P>
<P ALIGN="CENTER">____________________________________________________</P>
<P ALIGN="CENTER">(Name of Issuer)</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">COMMON STOCK</P>
<P ALIGN="CENTER">____________________________________________________</P>
<P ALIGN="CENTER">(Title of Class of Securities)</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">690368-10-5</P>
<P ALIGN="CENTER">______________________________________________</P>
<P ALIGN="CENTER">(CUSIP Number)</P>
<P ALIGN="CENTER"></P>
<P>D. J. Smith, Executive Vice President, Secretary and General Counsel Archer-Daniels-Midland Company, 4666 Faries Parkway, P. O. Box 1470, Decatur, IL 62525, Telephone: (217)424-6183</P>
<P>____________________________________________________________</P>
<P>(Name, Address and Telephone Number of Person Authorized to</P>
<P>Receive Notices and Communications)</P>
<P ALIGN="CENTER">January 30, 2004</P>
<P ALIGN="CENTER">___________________________________________________</P>
<P ALIGN="CENTER">(Date of Event which Requires Filing of this Statement)</P>

<P>If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box __. Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 13d-7 for other parties to whom copies are to be sent.</P>

<P>* 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.</P>

<P>This 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).</P>
<P>1</P>

<P>&#9;PAGE 2</P>
<P ALIGN="CENTER">SCHEDULE 13D</P>
<P ALIGN="CENTER"></P>
<P>CUSIP NO. 690468-10-5&#9;&#9;Page  2  of  3 Pages</P>
<P>____________________________________________________________</P><DIR>
<DIR>

<P>1&#9;NAME OF REPORTING PERSON /I.R.S. IDENTIFICATION NO. OF ABOVE PERSON</P>
</DIR>
</DIR>

<P>&#9;Archer-Daniels-Midland Company</P>
<P>&#9;I.R.S. Identification No. 41-0129150</P>
<P>____________________________________________________________</P>
<P>2&#9;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  (a)__</P>
<P>&#9;&#9;N/A&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;    (b)__</P>
<P>____________________________________________________________</P>
<P>3&#9;SEC USE ONLY</P>
<P>____________________________________________________________</P>
<P>4&#9;SOURCE OF FUNDS </P>
<P>&#9;N/A</P>
<P>____________________________________________________________</P><DIR>
<DIR>

<P>5&#9;CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED</P>
<P>&#9;PURSUANT TO ITEMS 2(d) OR 2(E) </P>
<P>__________________________________________________________</P>
<P>6&#9;CITIZENSHIP OR PLACE OF ORGANIZATION</P>
<P>&#9;DELAWARE</P>
<P>__________________________________________________________</P>
<P>&#9;&#9;|7&#9;SOLE VOTING POWER</P>
<P>   NUMBER OF&#9;|    5,093,391</P>
<P>    SHARES&#9;|___________________________________________</P>
<P> BENEFICIALLY&#9;|8&#9;SHARED VOTING POWER</P>
<P>   OWNED BY&#9;|  &#9;-0-</P>
<P>     EACH&#9;|___________________________________________</P>
<P>   REPORTING&#9;|9&#9;SOLE DISPOSITIVE POWER</P>
<P>    PERSON&#9;|&#9;5,093,391</P>
<P>&#9;WITH&#9;|___________________________________________</P>
<P>&#9;&#9;|10 SHARED DISPOSITIVE POWER</P>
<P>&#9;&#9;|&#9;-0-</P>
<P>__________________________________________________________</P>
<P>11&#9;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING</P>
<P>&#9; PERSON</P>
<P>&#9;5,093,391 </P>
<P>__________________________________________________________</P>
<P>12&#9;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(11)EXCLUDES </P>
<P>&#9;CERTAIN SHARES __</P>
<P>__________________________________________________________</P>
<P>13&#9;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
<P>&#9;13.0%</P>
<P>__________________________________________________________</P>
<P>14&#9;TYPE OF REPORTING PERSON </P>
<P>&#9;CO</P></DIR>
</DIR>

<P>2</P>

<P>&#9;PAGE 3</P>

<P>CUSIP NO. 690368-10-5&#9;&#9;&#9;Page  3 of 3  Pages</P>

<P>&nbsp;</P>
<P>&#9;This Amendment No. 5 to the Statement on Schedule 13D filed by Archer-Daniels-Midland Company ("ADM"), relating to the common stock, par value $1 per share, of Overseas Shipholding Group, Inc. (the "OSG Common Stock"), a Delaware corporation ("OSG"), as amended (the "Statement"), further amends the Statement in the following respects only:</P>

<P>ITEM 5.   INTEREST IN SECURITIES OF THE ISSUER.</P>

<P>&#9;Item No. 5 is amended and restated in its entirety as follows:</P>

<P>&#9;ADM is the beneficial owner of 5,093,391 shares of OSG Common Stock, representing 13.0% of the outstanding OSG Common Stock, with sole voting and dispositive power over such shares.  This total reflects the sale by ADM on January 30, 2004 of 581,409 shares of OSG Common Stock in an underwritten public offering with a price to the public of $36.60 per share.</P>

<P ALIGN="CENTER">SIGNATURE</P>

<P>&#9;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.</P>

<P>&#9;Dated: February 2, 2004</P>

<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&#9;&#9;&#9;&#9;&#9;ARCHER-DANIELS-MIDLAND COMPANY</P>

<P>&nbsp;</P>
<P>&#9;&#9;&#9;&#9;&#9;/s/ D. J. SMITH</P>
<P>&#9;&#9;&#9;&#9;&#9;By:&#9;D. J. Smith</P>
<P>&#9;&#9;&#9;&#9;&#9;Its Executive Vice President,</P><DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>

<P> Secretary and General Counsel</P></DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>

<P>3</P>
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</HTML>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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