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                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                 SCHEDULE 13D
                                (Rule 13d-101)

            INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
           TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
                                 RULE 13d-2(a)

                         (Amendment No.       1     )


                               Active Voice Corp.
--------------------------------------------------------------------------------
                                (Name of Issuer)


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


                                   004938106
--------------------------------------------------------------------------------
                                 (CUSIP Number)
                  Allen B. Holeman, Bear, Stearns & Co. Inc.
                  115 South Jefferson Road, Whippany, NJ 07981
                                 (973) 793-2202
--------------------------------------------------------------------------------
                 (Name, Address and Telephone Number of Person
               Authorized to Receive Notices and Communications)


                               February 12, 2001
--------------------------------------------------------------------------------
             (Date of Event which Requires Filing of This Statement)

     If the filing  person has  previously  filed a statement on Schedule 13G to
report the  acquisition  that is the subject of this Schedule 13D, and is filing
this  schedule  because  of Rule  13d-1(e),  13d-1(f)  or  13d-1(g),  check  the
following box [_].


          Note:  Schedules filed in paper format shall include a signed original
     and five copies of the schedule,  including all exhibits. See Rule 13d-7(b)
     for other parties to whom copies are to be sent.

                         (Continued on following pages)
                              (Page 1 of    Pages)

----------
(1)  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 on 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 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).


(SC13D-07/98)




CUSIP No.    004938106                 13D                   Page    of    Pages


________________________________________________________________________________
1    NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                            The Bear Stearns Companies Inc.**
                                IRS # 13-3286161
________________________________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  [ ]
                                                                 (b)  [_]

________________________________________________________________________________
3    SEC USE ONLY



________________________________________________________________________________
4    SOURCE OF FUNDS*



________________________________________________________________________________
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   [_]



________________________________________________________________________________
6    CITIZENSHIP OR PLACE OF ORGANIZATION

                                    Delaware

________________________________________________________________________________
               7    SOLE VOTING POWER

  NUMBER OF
                    0
   SHARES      _________________________________________________________________
               8    SHARED VOTING POWER
BENEFICIALLY

  OWNED BY          847,944
               _________________________________________________________________
    EACH       9    SOLE DISPOSITIVE POWER

  REPORTING         0

   PERSON      _________________________________________________________________
               10   SHARED DISPOSITIVE POWER
    WITH
                    847,944

________________________________________________________________________________
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                                    847,944

________________________________________________________________________________
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

                                                                      [_]

________________________________________________________________________________
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                                     7.34%

________________________________________________________________________________
14   TYPE OF REPORTING PERSON*

                                       HC

________________________________________________________________________________
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!



1    NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                            Bear, Stearns & Co. Inc.**
                                IRS # 13-3299429
________________________________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  [ ]
                                                                 (b)  [_]

________________________________________________________________________________
3    SEC USE ONLY



________________________________________________________________________________
4    SOURCE OF FUNDS*

                                       WC, OO

________________________________________________________________________________
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   [_]



________________________________________________________________________________
6    CITIZENSHIP OR PLACE OF ORGANIZATION

                                    Delaware

________________________________________________________________________________
               7    SOLE VOTING POWER

  NUMBER OF
                    0
   SHARES      _________________________________________________________________
               8    SHARED VOTING POWER
BENEFICIALLY

  OWNED BY          847,944
               _________________________________________________________________
    EACH       9    SOLE DISPOSITIVE POWER

  REPORTING         0

   PERSON      _________________________________________________________________
               10   SHARED DISPOSITIVE POWER
    WITH
                    847,944

________________________________________________________________________________
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                                    847,944

________________________________________________________________________________
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

                                                                      [_]

________________________________________________________________________________
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                                     7.34%

________________________________________________________________________________
14   TYPE OF REPORTING PERSON*

                                       BD

________________________________________________________________________________
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No.   004938106                  13D                   Page    of    Pages


________________________________________________________________________________
Page 3

                                        Schedule 13D Amendment No. 1

     This statement constitutes Amendment No. 1 to the statement on Schedule 13D
(the "Schedule 13D") filed with the Securities and Exchange Commission by Bear,
Stearns & Co. Inc. ("Bear Stearns") with respect to its ownership of the Common
Stock of Active Voice Corp. (the "Issuer").

Item 3:  Source and Amount of Funds or Other Consideration

      Working capital of Bear Stearns & Co. The aggregate purchase price of the
 157,267 shares of Common Stock was approximately $2,476,955.

Item 5:  Interest in Securities of the Issuer (as of 02/12/01)

        (a)     The responses of Bear Stearns to Rows (11) through (13) of the
                cover page of this Amendment No. 1 to Schedule 13D are
                incorporated herein by reference.  To the best of Bear Stearns'
                knowledge, none of its executive officers or directors
                beneficially own any Common Stock of the Issuer.

        (b)     The responses of Bear Stearns to Rows (7) through (10) of the
                cover page of this Amendment No. 1 to Schedule 13D are
                incorporated herein by reference.

        (c)     Since the date of its initial filing on Schedule 13D, Bear
                Stearns has effected transactions in the Common Stock of the
                Issuer.  Information concerning transactions in the Common Stock
                effected by Bear Stearns is set forth on Appendix I.

        (d)     Not Applicable.

        (e)     Through February 12, 2001, Bear Stearns purchased an additional
                157,267 shares of Active Voice Corp. Accordingly,
                Bear Stearns increased its beneficial ownership by more than
                one full percentage points of the Common Stock of the Issuer
                since the date of its initial filing.




Page 4


**Bear Stearns & Co. is a subsidiary of The Bear Stearns Companies Inc.


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 16, 2001
                                        ----------------------------------------
                                                         (Date)


                                                       /S/
                                        ----------------------------------------
                                                       (Signature)


                                        Barry J. Cohen/Senior Managing Director
                                        ----------------------------------------
                                                       (Name/Title)







                                 APPENDIX I
                           BEAR, STEARNS & CO. INC.

                            Active Voice Corp.


                      Trades from 02/07/01 through 02/12/01

                           (Various Firm Accounts)

                       ***** 02/12 *****
    100  ACTIVE VOICE CORP              16 1/2          1,650.00
    900  ACTIVE VOICE CORP              16 1/2         14,850.00
  1,000  ACTIVE VOICE CORP              16 1/2         16,500.00
  1,000  ACTIVE VOICE CORP              16 1/2         16,500.00
  2,000  ACTIVE VOICE CORP              16 1/2         33,000.00
  8,000  ACTIVE VOICE CORP              16.0788       128,630.40
 10,000  ACTIVE VOICE CORP              15 5/16       153,125.00
 25,000  ACTIVE VOICE CORP              15.7000       392,500.00
 50,000  ACTIVE VOICE CORP              15.5890       779,450.00
  1,000  ACTIVE VOICE CORP              15 1/4         15,250.00
    400- ACTIVE VOICE CORP              15 9/16         6,224.79-
  1,000- ACTIVE VOICE CORP              16             15,999.46-
    200- ACTIVE VOICE CORP              16 7/16         3,287.39-
    300- ACTIVE VOICE CORP              15 3/8          4,612.34-
  1,000- ACTIVE VOICE CORP              16 1/16        16,061.96-
  1,000- ACTIVE VOICE CORP              16 1/8         16,124.46-
  2,000- ACTIVE VOICE CORP              15 13/16       31,623.94-
  2,000- ACTIVE VOICE CORP              15 3/8         30,748.97-
  2,800- ACTIVE VOICE CORP              16 1/2         46,198.46-
  3,100- ACTIVE VOICE CORP              15.3550        47,598.90-
  9,000- ACTIVE VOICE CORP              15.7400       141,655.26-
 19,000- ACTIVE VOICE CORP              15.6190       296,751.10-
  1,800  ACTIVE VOICE CORP              16 1/2         29,700.00
  2,000  ACTIVE VOICE CORP              15.3550        30,710.00
  5,700  ACTIVE VOICE CORP              15.7400        89,718.00
 12,000  ACTIVE VOICE CORP              15.6190       187,428.00
  1,000  ACTIVE VOICE CORP              16 1/2         16,500.00
  1,100  ACTIVE VOICE CORP              15.3550        16,890.50
  3,300  ACTIVE VOICE CORP              15.7400        51,942.00
  7,000  ACTIVE VOICE CORP              15.6190       109,333.00
                   ***** 02/09 *****
    500  ACTIVE VOICE CORP              15 9/16         7,781.25
    600  ACTIVE VOICE CORP              15 1/2          9,300.00
  1,000  ACTIVE VOICE CORP              15 9/16        15,562.50
  1,000  ACTIVE VOICE CORP              15 5/8         15,625.00
  1,000  ACTIVE VOICE CORP              15 5/8         15,625.00
  1,000  ACTIVE VOICE CORP              15 1/2         15,500.00
  1,000  ACTIVE VOICE CORP              15 5/8         15,625.00
  1,000  ACTIVE VOICE CORP              15 1/2         15,500.00
  1,000  ACTIVE VOICE CORP              15             15,000.00
  2,000  ACTIVE VOICE CORP              15 9/16        31,125.00
  2,000  ACTIVE VOICE CORP              15 3/8         30,750.00
  3,000  ACTIVE VOICE CORP              15 5/8         46,875.00
    100  ACTIVE VOICE CORP              15 9/16         1,556.25
    100  ACTIVE VOICE CORP              15 3/4          1,575.00
    100  ACTIVE VOICE CORP              15 9/16         1,556.25
    100  ACTIVE VOICE CORP              15 9/16         1,556.25
    100  ACTIVE VOICE CORP              15 1/2          1,550.00
    100  ACTIVE VOICE CORP              15 1/2          1,550.00
    100  ACTIVE VOICE CORP              15 1/2          1,550.00
    100  ACTIVE VOICE CORP              15 7/16         1,543.75
    400  ACTIVE VOICE CORP              15 11/16        6,275.00
    400  ACTIVE VOICE CORP              15 9/16         6,225.00
    600  ACTIVE VOICE CORP              15 1/2          9,300.00
    600  ACTIVE VOICE CORP              15 7/16         9,262.50
    600  ACTIVE VOICE CORP              15 7/16         9,262.50
    600  ACTIVE VOICE CORP              15 7/16         9,262.50
    600  ACTIVE VOICE CORP              15 7/16         9,262.50
    700  ACTIVE VOICE CORP              15 9/16        10,893.75
    700  ACTIVE VOICE CORP              15 9/16        10,893.75
    700  ACTIVE VOICE CORP              15 1/2         10,850.00
    800  ACTIVE VOICE CORP              15 1/2         12,400.00
    900  ACTIVE VOICE CORP              15 9/16        14,006.25
    900  ACTIVE VOICE CORP              15 1/2         13,950.00
    900  ACTIVE VOICE CORP              15 1/2         13,950.00
    900  ACTIVE VOICE CORP              15 7/16        13,893.75
  1,000  ACTIVE VOICE CORP              15 3/4         15,750.00
  1,000  ACTIVE VOICE CORP              15 3/4         15,750.00
  1,000  ACTIVE VOICE CORP              15 3/4         15,750.00
  1,000  ACTIVE VOICE CORP              15 3/4         15,750.00
  1,000  ACTIVE VOICE CORP              15 9/16        15,562.50
  1,000  ACTIVE VOICE CORP              15 11/16       15,687.50
  1,000  ACTIVE VOICE CORP              15 5/8         15,625.00
  1,000  ACTIVE VOICE CORP              15 9/16        15,562.50
  1,000  ACTIVE VOICE CORP              15 9/16        15,562.50
  1,000  ACTIVE VOICE CORP              15 9/16        15,562.50
  1,000  ACTIVE VOICE CORP              15 1/2         15,500.00
  1,000  ACTIVE VOICE CORP              15 3/8         15,375.00
  1,000  ACTIVE VOICE CORP              15 1/2         15,500.00
  1,000  ACTIVE VOICE CORP              15 1/2         15,500.00
  1,000  ACTIVE VOICE CORP              15 1/2         15,500.00
  1,000  ACTIVE VOICE CORP              15 1/2         15,500.00
  1,000  ACTIVE VOICE CORP              15 1/2         15,500.00
  1,000  ACTIVE VOICE CORP              15 1/2         15,500.00
  1,000  ACTIVE VOICE CORP              15 1/2         15,500.00
  1,000  ACTIVE VOICE CORP              15 1/2         15,500.00
  1,000  ACTIVE VOICE CORP              15 1/2         15,500.00
  1,000  ACTIVE VOICE CORP              15 1/2         15,500.00
  1,000  ACTIVE VOICE CORP              15 1/2         15,500.00
  1,000  ACTIVE VOICE CORP              15 7/16        15,437.50
  1,000  ACTIVE VOICE CORP              15 7/16        15,437.50
  1,000  ACTIVE VOICE CORP              15 7/16        15,437.50
  1,000  ACTIVE VOICE CORP              15 7/16        15,437.50
  1,000  ACTIVE VOICE CORP              15 7/16        15,437.50
  1,000  ACTIVE VOICE CORP              15 1/2         15,500.00
  1,000  ACTIVE VOICE CORP              15 7/16        15,437.50
  1,000  ACTIVE VOICE CORP              15 7/16        15,437.50
  1,000  ACTIVE VOICE CORP              15 3/8         15,375.00
  1,900  ACTIVE VOICE CORP              15 9/16        29,568.75
  2,500  ACTIVE VOICE CORP              15.2000        38,000.00
  5,000  ACTIVE VOICE CORP              15 1/8         75,625.00
    100- ACTIVE VOICE CORP              15 3/8          1,537.44-
    100- ACTIVE VOICE CORP              15 1/4          1,524.94-
    100- ACTIVE VOICE CORP              15 1/4          1,524.94-
    100- ACTIVE VOICE CORP              15 3/16         1,518.69-
  1,000- ACTIVE VOICE CORP              15 7/16        15,436.98-
    300- ACTIVE VOICE CORP              15 7/16         4,631.09-
    300- ACTIVE VOICE CORP              15 1/4          4,574.84-
    700- ACTIVE VOICE CORP              15 1/2         10,849.63-
  1,000- ACTIVE VOICE CORP              15 1/2         15,499.48-
  2,500- ACTIVE VOICE CORP              15 1/4         38,123.72-
  5,900- ACTIVE VOICE CORP              15.4500        91,151.96-
 12,300- ACTIVE VOICE CORP              15.4850       190,459.15-
 12,300  ACTIVE VOICE CORP              15.4850       190,465.50
  5,900  ACTIVE VOICE CORP              15.4500        91,155.00

                   ***** 02/08 *****
  2,000- ACTIVE VOICE CORP              16 1/8         32,248.92-
  6,000- ACTIVE VOICE CORP              16 1/8         96,746.77-
                   ***** 02/07 *****
  1,000  ACTIVE VOICE CORP              15 9/16        15,562.50
    500  ACTIVE VOICE CORP              16 7/8          8,437.50
  3,000  ACTIVE VOICE CORP              16 7/8         50,625.00
  3,500  ACTIVE VOICE CORP              16 7/8         59,062.50
  5,000  ACTIVE VOICE CORP              15 7/8         79,375.00
    500  ACTIVE VOICE CORP              15 7/8          7,937.50
    100- ACTIVE VOICE CORP              16 9/16         1,656.19-
    100- ACTIVE VOICE CORP              16 5/8          1,662.44-
    100- ACTIVE VOICE CORP              16              1,599.94-
  1,000- ACTIVE VOICE CORP              16             15,999.46-
  1,000- ACTIVE VOICE CORP              16             15,999.46-
  1,000- ACTIVE VOICE CORP              16             15,999.46-
  1,000- ACTIVE VOICE CORP              16             15,999.46-
  1,000- ACTIVE VOICE CORP              16             15,999.46-
  1,000- ACTIVE VOICE CORP              15 15/16       15,936.96-
  5,567  ACTIVE VOICE CORP              18 3/8        102,293.63