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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000945621-00-000039.txt : 20000203
<SEC-HEADER>0000945621-00-000039.hdr.sgml : 20000203
ACCESSION NUMBER:		0000945621-00-000039
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20000131

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OPEN TEXT CORP
		CENTRAL INDEX KEY:			0001002638
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		IRS NUMBER:				980154400
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		
		SEC FILE NUMBER:	005-53575
		FILM NUMBER:		518000

	BUSINESS ADDRESS:	
		STREET 1:		185 COLUMBIA ST W
		STREET 2:		WATERLOO
		CITY:			ONTARIO CANADA N2L 5
		STATE:			A6
		ZIP:			0000

	MAIL ADDRESS:	
		STREET 1:		185 COLUMBIA ST W
		STREET 2:		ONTARIO WATERLOO CANADA

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLUEWATER INVESTMENT MANAGEMENT INC
		CENTRAL INDEX KEY:			0001072554
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		150 RING STREET WEST
		STREET 2:		SUITE 1502, BOX 63
		CITY:			TORONTO
		STATE:			A6
		ZIP:			00000
		BUSINESS PHONE:		4165995300
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<DESCRIPTION>FORM SC13G/A OPEN TEXT CORP.
<TEXT>

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

                                 SCHEDULE 13G/A
                    Under the Securities Exchange Act of 1934
                              (Amendment No. Two)*

                                 Open Text Corp.
                                (Name of Issuer)

                                  Common Shares
                         (Title of Class of Securities)

                                    683715106
                                 (CUSIP Number)

                                December 31, 1999
     Schedule 13G filing reported after year-end to record holding changes.
             (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)
       [x ]  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 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).

(1)    Names of Reporting Persons

       I.R.S. Identification Nos. of Above Persons (Entities Only)


       BLUEWATER  INVESTMENT  MANAGEMENT  INC.
- ----------------------------------------------
(2)    Check the Appropriate Box if a Member of a Group

       (a)        [  ]
       (b)        [x]


(3)    SEC Use Only

(4)    Citizenship or Place of Organization

TORONTO,  ONTARIO  CANADA

Number of                  (5)      Sole Voting Power
Shares                              0
Benefici-                  (6)      Shared Voting Power
ally Owned                          NIL
by Each                    (7)      Sole Dispositive Power
Reporting                           0
Person With                (8)      Shared Dispositive Power
                                    NIL

(9)    Aggregate Amount Beneficially Owned by Each Reporting Person

                                            0

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



(11)   Percent of Class Represented by Amount in Row 9

                                    0.0%

(12)   Type of Reporting Person

                                                  IA


<PAGE>



                                                     Item 1(a)

Name of Issuer:            Open  Text  Corp.




                                                     Item 1(b)

Address of Issuer's Principal Executive Offices:

                           180 Columbia  Street  West
                           Waterloo,  Ontario
                           Canada
                           N2L  3L3

                                                     Item 2(a)

Name of Person Filing:
                      Bluewater Investment Management Inc.

                                                     Item 2(b)

Address of Principal Business Office:

                           Suite  1502,  Box  63
                           150  King  Street  West
                           Toronto,  Ontario
                           Canada
                           M5H  1J9





                                                     Item 2(c)

Citizenship:               Organized  in  Toronto,  Ontario,  Canada

                                                     Item 2(d)

Title of Class of Securities:
                           Common  Stock



<PAGE>



                                                     Item 2(e)

CUSIP Number:              683715106



                                                      Item 3

If this  statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check
whether the person filing is a:

   (a) [  ]  Broker or Dealer registered under Section 15 of the Act

   (b) [  ]  Bank as defined in section 3(a) (6) of the Act

   (c) [  ]  Insurance Company as defined in section 3(a)(19) of the Act

   (d) [  ]  Investment Company registered under section 8 of the Investment
             Company Act

   (e) [X]   An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E)

   (f) [  ]  An employee benefit plan or endowment fund in accordance with
             Rule 13d-1(b)(1)(ii)(F)

   (g) [  ]  A parent holding company or control person in accordance with
             Rule 13d-1(b)(1)(ii)(G)

   (h) [  ]  A savings association as defined in Section 3(b) of the
             Federal Deposit Insurance Act

   (i) [  ]  A church plan that is excluded from the definition of an
             investment company under Section 3(c)(14) of the
             Investment Company Act

   (j) [  ]  Group, in accordance with Rule 13d-1(b)(1)(ii)(J)


                                                      Item 4

Ownership.

       (a)      Amount Beneficially Owned:

                0

       (b)      Percent of Class:

                0.0%


<PAGE>




       (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:              Nil
          (iii)  Sole power to dispose or to direct the disposition of:   0
          (iv)   Shared power to dispose or to direct the disposition of: Nil



                                                      Item 5

Ownership of Five Percent or Less of a Class

       [  ]          N/A



                                                      Item 6

Ownership of More than Five Percent on Behalf of Another Person

       Does not apply.


                                                      Item 7

Identification  and Classification of the Subsidiary which Acquired the Security
Being Reported on By the Parent Holding Company.

                N/A

                                                      Item 8

Identification and Classification of Members of the Group.

                N/A

                                                      Item 9

Notice of Dissolution of Group.


                N/A

                                                      Item 10

Certification.

(a)      The following certification shall be included if the statement is filed
         pursuant to 240.13d-1(c):

      By signing  below I certify  that, to the vest 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.

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.

Date:                  January 27, 2000


Signature:             /S/ DINA DEGEER

Name/Title:            Dina  DeGeer

            Attention:  Intentional misstatements or omissions of fact
            constitute Federal criminal violations (See 18 U.S.C. 1001).

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