<SUBMISSION>
<ACCESSION-NUMBER>0000902664-01-000175
<TYPE>SC 13G
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20010215
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>ACE CASH EXPRESS INC/TX
<CIK>0000849116
<ASSIGNED-SIC>6099
<IRS-NUMBER>752142963
<STATE-OF-INCORPORATION>TX
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13G
<ACT>34
<FILE-NUMBER>005-53599
<FILM-NUMBER>1546571
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1231 GREENWAY DR STE 800
<CITY>IRVING
<STATE>TX
<ZIP>75038
<PHONE>2145505000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1231 GREENWAY DR #800
<CITY>IRVING
<STATE>TX
<ZIP>75038
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>MORGENS WATERFALL VINTIADIS & CO INC
<CIK>0001016150
<ASSIGNED-SIC>3721
<IRS-NUMBER>132674766
<STATE-OF-INCORPORATION>NY
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13G
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>10 EAST 50TH STREET
<STREET2>10 EAST 50TH STREET
<CITY>NEW YORK
<STATE>NY
<ZIP>10022
<PHONE>2127050500
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>10 EAST 50TH ST
<CITY>NEW YORK
<STATE>NY
<ZIP>10022
</MAIL-ADDRESS>
</FILED-BY>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>SCHEDULE 13G
<TEXT>




                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                ----------------

                                  SCHEDULE 13G
                                 (Rule 13d-102)
                                ----------------

              INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO
                   RULES 13d-1(b), (c) AND (d) AND AMENDMENTS
                    THERETO FILED PURSUANT TO 13d-2 UNDER THE
                         SECURITIES EXCHANGE ACT OF 1934
                               (Amendment No. 1)*


                             ACE CASH EXPRESS, INC.
                                (Name of Issuer)

                     Common Stock, par value $.01 per share
                         (Title of Class of Securities)

                                    004403101
                                 (CUSIP Number)

                                December 31, 2001
             (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)

-----------
[FN]
     * 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).
</FN>


<PAGE>


Schedule 13G                                                 PAGE 3 of 6
CUSIP No. 004403101


     (1)  NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
            Morgens, Waterfall, Vintiadis & Co., Inc.
            132674766
------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------
     (3)  SEC USE ONLY

------------------------------------------------------------------------
     (4)  CITIZENSHIP OR PLACE OF ORGANIZATION
            New York
------------------------------------------------------------------------

NUMBER OF      (5)  SOLE VOTING POWER
                    410,400
SHARES         _________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                    0
OWNED BY       _________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                    410,400
REPORTING      _________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                    0
------------------------------------------------------------------------
     (9)  AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON
            410,400
------------------------------------------------------------------------
    (10)  CHECK BOX IF THE AGGREGATE AMOUNT
          IN ROW (9) EXCLUDES CERTAIN SHARES                        [ ]
------------------------------------------------------------------------
    (11)  PERCENT OF CLASS REPRESENTED
          BY AMOUNT IN ROW (9)
            4.1%
------------------------------------------------------------------------
    (12)  TYPE OF REPORTING PERSON
            IA
------------------------------------------------------------------------


<PAGE>


Schedule 13G                                                 PAGE 4 OF 6
CUSIP No. 004403101


ITEM 1(a).  NAME OF ISSUER:
              ACE CASH EXPRESS, INC.

ITEM 1(b).  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
              1231 Greenway Drive, Suite 800, Irving, Texas 75038

ITEM 2(a).  NAME OF PERSON FILING:
              Morgens, Waterfall, Vintiadis & Co., Inc.

ITEM 2(b).  ADDRESS OF PRINCIPAL OFFICE OR, IF NONE, RESIDENCE:
              The business address of Morgens, Waterfall, Vintiadis &
              Co., Inc. is 10 East 50th St., New York NY 10022.

ITEM 2(c).  CITIZENSHIP:
              New York

ITEM 2(d).  TITLE OF CLASS OF SECURITIES:
              common stock, par value $.01 per share

ITEM 2(e).  CUSIP NUMBER:
              004403101

ITEM 3. IF THIS  STATEMENT  IS FILED  PURSUANT  TO  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 of 1940

           (e) [X]  Investment Adviser registered under Section 203 of
                    the Investment Advisers Act of 1940: see Rule 13d-
                    1(b)(1)(ii)(E)

           (f) [ ]  Employee Benefit Plan,  Pension Fund which is subject to
                    the provisions of the Employee  Retirement  Income  Security
                    Act of 1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F)

           (g) [ ]  Parent Holding Company, in accordance with Rule 13d-
                    1(b)(ii)(G);


<PAGE>


Schedule 13G                                                 PAGE 5 OF 6
CUSIP No. 004403101

           (h) [ ]  Savings Associations as defined in Section 3(b) of
                    the Federal Deposit Insurance Act;

           (i) [ ]  Church Plan that is excluded  from the  definition of an
                    investment  company under Section 3(c)(14) of the Investment
                    Company Act of 1940;

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

         IF THIS STATEMENT IS FILED PURSUANT TO Rule 13d-1(c),
         CHECK THIS BOX.                                           [ ]

ITEM 4.  OWNERSHIP.
         Morgens, Waterfall, Vintiadis & Co., Inc. ("MWV & Co.")
           (a)  Amount beneficially owned: 410,400
           (b)  Percent of class: 4.1%
           (c)  Number of shares as to which such person has:
                  (i)    sole power to vote or to direct the vote
                         410,400
                  (ii)   shared power to vote or to direct the vote
                         0
                  (iii)  sole power to dispose or to direct the
                         disposition of
                         410,400
                  (iv)   shared power to dispose or to direct the
                         disposition
                         0

             MWV & Co., an investment  adviser  registered  under Section 203 of
             the  Investment  Advisers  Act of 1940,  as amended,  holds for the
             accounts  of  its   investment   advisory   clients,   and  thereby
             beneficially  owns,  within the  meaning  of Rule  13d-3  under the
             Securities  Exchange Act of 1934,  the  foregoing  shares of Common
             Stock.

ITEM 5.   OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
            Not applicable.

ITEM 6.   OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
            This Schedule 13G is filed by MWV & Co. with respect to
            Common Stock purchased by MWV & Co. on behalf of MWV & Co.'s
            investment advisory clients.  There is no agreement or
            understanding among such clients to act together for the
            purpose of acquiring, holding, voting or disposing of any
            such securities.  Each such client has the right
            to receive or the power to direct the receipt of dividends
            from, or the proceeds from the sale of, the securities held


<PAGE>


Schedule 13G                                                 PAGE 6 OF 6
CUSIP No. 004403101


            in such  person's  account.  No such client has any of the foregoing
            rights  with  respect  to more  than  five  percent  of the class of
            securities identified in Item 2(d).

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.

ITEM 10.  CERTIFICATION.  (if filing pursuant to Rule 13d-1(c))
            By signing below each Reporting  Person  certifies that, to the best
of its 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 not held in connection  with or as a participant in any  transaction  having
that purpose or effect.


                                   SIGNATURES

      After reasonable  inquiry and to the best of our knowledge and belief, the
undersigned  certify that the  information  set forth in this statement is true,
complete and correct.

DATED:  February 14, 2001

                                    /S/___________________________
                                    John C. "Bruce" Waterfall,
                                    as President, on behalf of
                                    Morgens, Waterfall, Vindiatis
                                      & Co., Inc.

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