<SUBMISSION>
<ACCESSION-NUMBER>0000950135-03-001088
<TYPE>SC 13G/A
<PUBLIC-DOCUMENT-COUNT>2
<FILING-DATE>20030213
<GROUP-MEMBERS>WAM ACQUISITION GP, INC.
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>BKF CAPITAL GROUP INC
<CIK>0000009235
<ASSIGNED-SIC>6282
<IRS-NUMBER>360767530
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13G/A
<ACT>34
<FILE-NUMBER>005-10454
<FILM-NUMBER>03559534
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>200 W. MADISON ST.
<STREET2>SUITE 3510
<CITY>CHICAGO
<STATE>IL
<ZIP>60606
<PHONE>2123328400
</BUSINESS-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>BAKER FENTRESS & CO ET AL
<DATE-CHANGED>19940714
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>BAKER FENTRESS & CO
<DATE-CHANGED>19970829
</FORMER-COMPANY>
</SUBJECT-COMPANY>
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>LIBERTY WANGER ASSET MANAGEMENT LP
<CIK>0000908733
<ASSIGNED-SIC>0000
<IRS-NUMBER>363820584
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13G/A
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>227 W MONROE STREET
<STREET2>SUITE 3000
<CITY>CHICAGO
<STATE>IL
<ZIP>60606
<PHONE>3126349230
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>227 W MONROE ST
<STREET2>STE 3000
<CITY>CHICAGO
<STATE>IL
<ZIP>60606
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>WANGER ASSET MANAGEMENT LP
<DATE-CHANGED>19990108
</FORMER-COMPANY>
</FILED-BY>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>b45565bksc13gza.txt
<DESCRIPTION>BKF CAPITAL GROUP, INC.
<TEXT>
<PAGE>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                               (Amendment No. 2)*

                            BKF Capital Group, Inc.
--------------------------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    05548G102
--------------------------------------------------------------------------------
                                 (CUSIP Number)

                                December 31, 2002
--------------------------------------------------------------------------------
             (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 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).

SEC 1745 (2/92)

                                Page 1 of 9 pages
<PAGE>
-------------------                                            -----------------
CUSIP No. 05548G102                    13G                     Page 2 of 9 pages
-------------------                                            -----------------

--------------------------------------------------------------------------------
  1     NAME OF REPORTING PERSON
        S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

            Liberty Wanger Asset Management, L.P.  36-3820584
--------------------------------------------------------------------------------
  2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

            Not Applicable                                              (a) [ ]
                                                                        (b) [ ]

--------------------------------------------------------------------------------
  3     SEC USE ONLY


--------------------------------------------------------------------------------
  4     CITIZENSHIP OR PLACE OF ORGANIZATION

            Delaware

--------------------------------------------------------------------------------
     NUMBER OF         5    SOLE VOTING POWER

      SHARES                    None

                       ---------------------------------------------------------
    BENEFICIALLY       6    SHARED VOTING POWER

      OWNED BY                  309,800

                       ---------------------------------------------------------
        EACH           7    SOLE DISPOSITIVE POWER

     REPORTING                  None

                       ---------------------------------------------------------
       PERSON          8    SHARED DISPOSITIVE POWER

        WITH                    309,800

--------------------------------------------------------------------------------
  9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            309,800

--------------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

            Not Applicable                                                   [ ]

--------------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

            4.7%

--------------------------------------------------------------------------------
  12   TYPE OF REPORTING PERSON*

            IA

--------------------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
-------------------                                            -----------------
CUSIP No. 05548G102                    13G                     Page 3 of 9 pages
-------------------                                            -----------------

--------------------------------------------------------------------------------
  1     NAME OF REPORTING PERSON
        S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

            WAM Acquisition GP, Inc.
--------------------------------------------------------------------------------
  2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

            Not Applicable                                              (a) [ ]
                                                                        (b) [ ]

--------------------------------------------------------------------------------
  3     SEC USE ONLY


--------------------------------------------------------------------------------
  4     CITIZENSHIP OR PLACE OF ORGANIZATION

            Delaware

--------------------------------------------------------------------------------
     NUMBER OF         5    SOLE VOTING POWER

       SHARES                   None

                       ---------------------------------------------------------
    BENEFICIALLY       6    SHARED VOTING POWER

      OWNED BY                  309,800

                       ---------------------------------------------------------
        EACH           7    SOLE DISPOSITIVE POWER

     REPORTING                  None

                       ---------------------------------------------------------
       PERSON          8    SHARED DISPOSITIVE POWER

        WITH                    309,800

--------------------------------------------------------------------------------
  9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            309,800

--------------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

            Not Applicable                                                   [ ]

--------------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

            4.7%

--------------------------------------------------------------------------------
  12   TYPE OF REPORTING PERSON*

            CO

--------------------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Item 1(a)         Name of Issuer:

                           BKF Capital Group, Inc.


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

                           ONE ROCKEFELLER PLAZA
                           NEW YORK, NEW YORK  10020


Item 2(a)         Name of Person Filing:

                           Liberty Wanger Asset Management, L.P. ("WAM")
                           WAM Acquisition GP, Inc., the general partner of WAM
                              ("WAM GP")


Item 2(b)         Address of Principal Business Office:

                           WAM and WAM GP are all located at:

                           227 West Monroe Street, Suite 3000
                           Chicago, Illinois  60606


Item 2(c)         Citizenship:

                           WAM is a Delaware limited partnership; and WAM GP is
                           a Delaware corporation.

Item 2(d)         Title of Class of Securities:

                           Common Stock

Item 2(e)         CUSIP Number:

                           05548G102

Item 3            Type of Person:

                           (e)      WAM is an Investment Adviser registered
                                    under section 203 of the Investment Advisers
                                    Act of 1940; WAM GP is the General Partner
                                    of the Investment Adviser.


                               Page 4 of 9 pages
<PAGE>
Item 4            Ownership (at December 31, 2002):

                           (a)      Amount owned "beneficially" within the
                                    meaning of rule 13d-3:

                                    309,800

                           (b)      Percent of class:

                                    4.7% (based on 6,633,223 shares outstanding
                                    as of October 31, 2002, reported in Form
                                    10-Q filed on November 14, 2002).

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

                                          (i)     sole power to vote or to
                                                  direct the vote: none

                                         (ii)     shared power to vote or to
                                                  direct the vote: 309,800

                                        (iii)     sole power to dispose or to
                                                  direct the disposition of:
                                                  none

                                         (iv)     shared power to dispose or to
                                                  direct disposition of: 309,800


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]

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

                           Not Applicable

Item 7            Identification and Classification of the Subsidiary Which
                  Acquired the Security Being Reported on by the Parent Holding
                  Company:

                           Not Applicable

Item 8            Identification and Classification of Members of the Group:

                           Not Applicable

Item 9            Notice of Dissolution of Group:

                           Not Applicable


                               Page 5 of 9 pages

<PAGE>
Item 10           Certification:

                           By signing below I certify that, to the best of my
                  knowledge and belief, the securities referred to above were
                  acquired and are held in the ordinary course of business and
                  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.


                               Page 6 of 9 pages
<PAGE>
                                    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: February 13, 2003


                        The undersigned corporation, on the date above written,
                        agrees and consents to the joint filing on its behalf of
                        this Schedule 13G in connection with its beneficial
                        ownership of the security reported herein.


                                    WAM Acquisition GP, Inc.
                                        for itself and as general partner of
                                        LIBERTY WANGER ASSET MANAGEMENT, L.P.



                                    By:  /s/ Bruce H. Lauer
                                         ---------------------------------------
                                             Bruce H. Lauer
                                             Senior Vice President and Secretary


                               Page 7 of 9 pages
<PAGE>
                                  Exhibit Index

<TABLE>
<S>                        <C>
Exhibit 1                  Joint Filing Agreement dated as of February 13, 2003
                           by and among Liberty Wanger Asset Management, L.P.
                           and WAM Acquisition GP, Inc.
</TABLE>


                               Page 8 of 9 pages

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>b45565bkexv99w1.txt
<DESCRIPTION>JOINT FILING AGREEMENT
<TEXT>
<PAGE>
                                                                       EXHIBIT 1

                             JOINT FILING AGREEMENT

            The undersigned hereby agree to the joint filing of the Schedule 13G
to which this Agreement is attached.

                        Dated: February 13, 2003


                                    WAM Acquisition GP, Inc.
                                        for itself and as general partner of
                                        LIBERTY WANGER ASSET MANAGEMENT, L.P.



                                    By:  /s/ Bruce H. Lauer
                                         ---------------------------------------
                                             Bruce H. Lauer
                                             Senior Vice President and Secretary


                               Page 9 of 9 pages

</TEXT>
</DOCUMENT>
</SUBMISSION>
