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

                                  SCHEDULE 13G/A

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                               (AMENDMENT NO. 26)*

                                  Jaclyn, Inc.
--------------------------------------------------------------------------------
                                (Name of Issuer)


                     Common Stock, $1.00 par value per share
--------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                  469772 10 7
 ------------------------------------------------------------------------------
                                 (CUSIP Number)

                                December 31, 2004
           -----------------------------------------------------------
             (Date of Event which requires filing of this Statement)

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

          [ ] Rule 13d-1(b)

          [ ] Rule 13d-1(c)

          [x] 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).

<PAGE>


CUSIP No. 469772 10 7                  13G                  Page  2  of 3  Pages

--------------------------------------------------------------------------------

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

            Bonnie Sue Levy
--------------------------------------------------------------------------------

    2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*           (a) [ ]

                                                                        (b) [ ]
--------------------------------------------------------------------------------
    3       SEC USE ONLY


--------------------------------------------------------------------------------

    4       CITIZENSHIP OR PLACE OF ORGANIZATION

            United States
--------------------------------------------------------------------------------
      NUMBER OF            5      SOLE VOTING POWER
        SHARES
     BENEFICIALLY                 0
       OWNED BY    -------------------------------------------------------------
         EACH              6      SHARED VOTING POWER
      REPORTING
        PERSON                    0
         WITH      -------------------------------------------------------------
                           7      SOLE DISPOSITIVE POWER

                                  213,968
                   -------------------------------------------------------------
                           8 SHARED DISPOSITIVE POWER

                                  0
--------------------------------------------------------------------------------
    9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           213,968
--------------------------------------------------------------------------------
   10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
           (See Instructions) [ ]

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

           8.2%

--------------------------------------------------------------------------------

   12      TYPE OF REPORTING PERSON*

           IN
--------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT

<PAGE>

CUSIP No. 469772 10 7                  13G                  Page  3  of 3  Pages

     Except as to Item 4, no change has occurred with respect to the answer to
any items of this Schedule from the information last reported in respect of such
item.

Item 4.    Ownership. As of December 31, 2004:

          (a)  Amount beneficially owned:

               213,968 shares of Common Stock. This amount includes 6,164 shares
               allocated to Mrs. Levy's account under the Jaclyn, Inc. Employee
               Stock Ownership Plan

          (b)  Percent of Class:8.2%

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

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

               (ii) shared power to vote or direct the vote: none

               (iii) sole power to dispose or direct the disposition of: 213,968

               (iv) shared power to dispose or direct the disposition of: none


                                    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.


                                                 February 1, 2005
                                   ---------------------------------------------
                                                       Date

                                               /s/ Bonnie Sue Levy
                                   ---------------------------------------------
                                                     Signature

                                                 Bonnie Sue Levy
                                   ---------------------------------------------
                                                    Name/Title


