<SUBMISSION>
<ACCESSION-NUMBER>0000905718-04-000122
<TYPE>SC 13G/A
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20040413
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>GUILFORD MILLS INC
<CIK>0000044471
<ASSIGNED-SIC>2250
<IRS-NUMBER>131995928
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1030
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13G/A
<ACT>34
<FILE-NUMBER>005-11934
<FILM-NUMBER>04730059
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>4925 WEST MARKET STREET
<CITY>GREENSBORO
<STATE>NC
<ZIP>27407
<PHONE>3363164688
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>5201 WEST MARKET STREET
<CITY>GREENSBORO
<STATE>NC
<ZIP>27409
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>CARL MARKS MANAGEMENT CO L P /NY/
<CIK>0000942826
<IRS-NUMBER>133434745
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13G/A
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>135 E 57TH ST
<CITY>NEW YORK
<STATE>NY
<ZIP>10022
<PHONE>2129098400
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>135 EAST 57TH STREET
<CITY>NEW YORK
<STATE>NY
<ZIP>10022
</MAIL-ADDRESS>
</FILED-BY>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>guilf13gam10404.txt
<DESCRIPTION>SC13GAM1
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G


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



                              GUILFORD MILLS, INC.
--------------------------------------------------------------------------------
                                (Name of Issuer)

                     COMMON STOCK, PAR VALUE $0.01 PER SHARE
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    401794201
--------------------------------------------------------------------------------
                                 (CUSIP Number)

                                  April 2, 2004
--------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the  appropriate box to designate the rule pursuant to which this Schedule
13G is filed:

                [X] 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 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).


<PAGE>


CUSIP No.  401794201
--------------------------------------------------------------------------------

(1)     Names of Reporting Persons.  I.R.S. Identification Nos. of above persons
        (entities only):

                Carl Marks Strategic Investments, L.P.
--------------------------------------------------------------------------------

(2)     Check the Appropriate Box if a Member of a Group*

          (a)   [ ]
          (b)   [ ]
--------------------------------------------------------------------------------

(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:        0 shares**
                                        (6) Shared Voting Power:         -0-
                                        (7) Sole Dispositive Power:   0 shares**
                                        (8) Shared Dispositive Power:    -0-

--------------------------------------------------------------------------------
(9)     Aggregate Amount Beneficially Owned by Each Reporting Person:

        0 shares**
--------------------------------------------------------------------------------

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

(11)    Percent of Class Represented by Amount in Row (9):   0%**
--------------------------------------------------------------------------------

(12)    Type of Reporting Person (See Instructions):    PN
--------------------------------------------------------------------------------

*See Items 2 and 4 of this Schedule 13G Amendment.
**See Item 4 of this Schedule 13G Amendment.


<PAGE>


CUSIP No.  401794201
--------------------------------------------------------------------------------

(1)     Names of Reporting Persons.  I.R.S. Identification Nos. of above persons
        (entities only):

                Carl Marks Management Company, L.P.
--------------------------------------------------------------------------------

(2)     Check the Appropriate Box if a Member of a Group*

          (a)   [ ]
          (b)   [ ]
--------------------------------------------------------------------------------

(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:        0 shares**
                                        (6) Shared Voting Power:         -0-
                                        (7) Sole Dispositive Power:   0 shares**
                                        (8) Shared Dispositive Power:    -0-

--------------------------------------------------------------------------------
(9)     Aggregate Amount Beneficially Owned by Each Reporting Person:

        0 shares**
--------------------------------------------------------------------------------

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

(11)    Percent of Class Represented by Amount in Row (9):   0%**
--------------------------------------------------------------------------------

(12)    Type of Reporting Person (See Instructions):    IA, PN
--------------------------------------------------------------------------------


<PAGE>


CUSIP No.  401794201
--------------------------------------------------------------------------------

(1)     Names of Reporting Persons.  I.R.S. Identification Nos. of above persons
        (entities only):

                Andrew M. Boas
--------------------------------------------------------------------------------

(2)     Check the Appropriate Box if a Member of a Group*

          (a)   [ ]
          (b)   [ ]
--------------------------------------------------------------------------------

(3)     SEC Use Only
--------------------------------------------------------------------------------

(4)     Citizenship or Place of Organization:  U.S.
--------------------------------------------------------------------------------

Number of Shares Beneficially Owned by
   Each Reporting Person With           (5) Sole Voting Power:           -0-
                                        (6) Shared Voting Power:      0 shares**
                                        (7) Sole Dispositive Power:      -0-
                                        (8) Shared Dispositive Power: 0 shares**

--------------------------------------------------------------------------------
(9)     Aggregate Amount Beneficially Owned by Each Reporting Person:

        0 shares**
--------------------------------------------------------------------------------

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

(11)    Percent of Class Represented by Amount in Row (9):   0%**
--------------------------------------------------------------------------------

(12)    Type of Reporting Person (See Instructions):    HC, IN
--------------------------------------------------------------------------------


<PAGE>


CUSIP No.  401794201
--------------------------------------------------------------------------------

(1)     Names of Reporting Persons.  I.R.S. Identification Nos. of above persons
        (entities only):

                Robert C. Ruocco
--------------------------------------------------------------------------------

(2)     Check the Appropriate Box if a Member of a Group*

          (a)   [ ]
          (b)   [ ]
--------------------------------------------------------------------------------

(3)     SEC Use Only
--------------------------------------------------------------------------------

(4)     Citizenship or Place of Organization:  U.S.
--------------------------------------------------------------------------------

Number of Shares Beneficially Owned by
   Each Reporting Person With           (5) Sole Voting Power:           -0-
                                        (6) Shared Voting Power:      0 shares**
                                        (7) Sole Dispositive Power:      -0-
                                        (8) Shared Dispositive Power: 0 shares**

--------------------------------------------------------------------------------
(9)     Aggregate Amount Beneficially Owned by Each Reporting Person:

        0 shares**
--------------------------------------------------------------------------------

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

(11)    Percent of Class Represented by Amount in Row (9):   0%**
--------------------------------------------------------------------------------

(12)    Type of Reporting Person (See Instructions):    HC, IN
--------------------------------------------------------------------------------


<PAGE>



CUSIP No.  401794201
--------------------------------------------------------------------------------

(1)     Names of Reporting Persons.  I.R.S. Identification Nos. of above persons
        (entities only):

                James F. Wilson
--------------------------------------------------------------------------------

(2)     Check the Appropriate Box if a Member of a Group*

          (a)   [ ]
          (b)   [ ]
--------------------------------------------------------------------------------

(3)     SEC Use Only
--------------------------------------------------------------------------------

(4)     Citizenship or Place of Organization:  U.S.
--------------------------------------------------------------------------------

Number of Shares Beneficially Owned by
   Each Reporting Person With           (5) Sole Voting Power:           -0-
                                        (6) Shared Voting Power:      0 shares**
                                        (7) Sole Dispositive Power:      -0-
                                        (8) Shared Dispositive Power: 0 shares**

--------------------------------------------------------------------------------
(9)     Aggregate Amount Beneficially Owned by Each Reporting Person:

        0 shares**
--------------------------------------------------------------------------------

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

(11)    Percent of Class Represented by Amount in Row (9):   0%**
--------------------------------------------------------------------------------

(12)    Type of Reporting Person (See Instructions):    HC, IN
--------------------------------------------------------------------------------


<PAGE>


Item 1(a).  Name of Issuer:  Guilford Mills, Inc.

Item 1(b).  Address of Issuer's Principal Executive Offices:
            6001 West Market Street, Greensboro, NC 27409


Item 2(a).  Name of Person Filing:  This Schedule 13G Amendment is being jointly
            filed  by  (i) Carl Marks  Strategic   Investments,  L.P., a private
            investment partnership ("CMSI"); (ii) Carl Marks Management Company,
            L.P., a registered  investment  adviser and the sole general partner
            of CMSI  ("CMMC");  and (iii) the  three individual general partners
            of  CMMC,  Messrs. Andrew  M. Boas,  Robert C. Ruocco  and  James F.
            Wilson.

Item 2(b).  Address  of  Principal  Business  Office  or,  if  none,  Residence:
            900 Third Avenue, 33rd Floor, New York, NY 10022-4775

Item 2(c).  Citizenship:  CMSI  and  CMMC  are  Delaware  limited  partnerships;
            Messrs. Boas, Ruocco and Wilson are United States citizens

Item 2(d).  Title of Class of Securities:   Common  Stock,  par value $0.01  per
            share ("Common Stock")

Item 2(e).  CUSIP No.:  401794201


Item 3.     If  this  statement is  filed  pursuant  to Sections 240.13d-1(b) or
            240.13d-2(b) or (c), check whether the person filing is a:

            (a)  [ ]   Broker or  dealer registered under  section 15 of the Act
                       (15 U.S.C. 78o).
            (b)  [ ]   Bank as defined in section 3(a)(6) of the Act
                       (15 U.S.C. 78c).
            (c)  [ ]   Insurance company as defined in  section 3(a)(19) of  the
                       Act (15 U.S.C. 78c).
            (d)  [ ]   Investment  company  registered  under  section 8 of  the
                       Investment Company Act of 1940 (15 U.S.C 80a-8).
            (e)  [X]   An investment adviser in accordance with Section
                       240.13d-1(b)(1)(ii)(E);
            (f)  [ ]   An employee benefit plan or endowment fund  in accordance
                       with Section 240.13d-1(b)(1)(ii)(F);
            (g)  [X]   A parent holding company or control person in accordance
                       with Section 240.13d-1(b)(1)(ii)(G);
            (h)  [ ]   A savings associations  as defined in Section 3(b) of the
                       Federal Deposit Insurance Act (12 U.S.C. 1813);
            (i)  [ ]   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)  [ ]   Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).


<PAGE>


Item 4.     Ownership

          The following states the beneficial ownership of the Reporting Persons
as of April 2,  2004,  the  effective  date as of which  CMSI sold all shares of
Common Stock then-owned by CMSI. This Schedule 13G Amendment relates to the same
shares of Common  Stock which  previously  were owned by CMSI and which may have
been deemed to be beneficially  owned (i) indirectly by CMMC, as general partner
of CMSI,  and (ii)  indirectly  on a shared  basis by Messrs.  Boas,  Ruocco and
Wilson, who as general partners of CMMC, the general partner of CMSI, shared the
power to direct the vote or disposition of such securities.


CMSI:

         (a)  Amount beneficially owned:  0 shares

         (b)  Percent of class:   0%

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

               (i) Sole power to vote or to direct the vote:  0 shares

              (ii) Shared power to vote or to direct the vote:  None

             (iii) Sole power to dispose or to direct the disposition of:
                   0 shares

              (iv) Shared power to dispose or to direct the disposition of: None


CMMC:

         (a)  Amount beneficially owned:  0 shares

         (b)  Percent of class:   0%

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

               (i) Sole power to vote or to direct the vote:  0 shares

              (ii) Shared power to vote or to direct the vote:  None

             (iii) Sole power to dispose or to direct the disposition of:
                   0 shares

              (iv) Shared power to dispose or to direct the disposition of: None


Mr. Boas:

         (a)  Amount beneficially owned:  0 shares

         (b)  Percent of class:   0%

         (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:  0 shares

             (iii) Sole  power to dispose or to direct the disposition of:  None

              (iv) Shared power to dispose or to direct the disposition of:
                   0 shares



<PAGE>


Mr. Ruocco:

         (a)  Amount beneficially owned:  0 shares

         (b)  Percent of class:   0%

         (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:  0 shares

             (iii) Sole power to dispose or to direct the disposition of:  None

              (iv) Shared power to dispose or to direct the disposition of:
                   0 shares.


Mr. Wilson:

         (a)  Amount beneficially owned:  0 shares

         (b)  Percent of class:  0%

         (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:  0 shares

             (iii) Sole power to dispose or to direct the disposition of:  None

              (iv) Shared power to dispose or to direct the disposition of:
                   0 shares.



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  or
          Control Person.

          Not applicable.


Item 8.   Identification and Classification of Members of the Group

          Not applicable.


<PAGE>


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.


                            (Signature Page Follows)


<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.


Dated:  April 13, 2004


Carl Marks Strategic Investments, L.P.

        By: Carl Marks Management Company, L.P., General Partner

            By: /s/ James F. Wilson
               --------------------------
            Title:  A General Partner


Carl Marks Management Company, L.P.

       By: /s/ James F. Wilson
          --------------------------
       Title:  A General Partner



/s/ Andrew Boas
--------------------------
Andrew Boas

/s/ Robert C. Ruocco
--------------------------
Robert C. Ruocco

/s/ James F. Wilson
--------------------------
James F. Wilson



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


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