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

                                  SCHEDULE 13G
                                (RULE 13d - 102)

             Information to be included in statements filed pursuant
           to Rules 13d-1(b), (c) and (d) and amendments thereto filed
                              pursuant to 13d-2(b)

                               (AMENDMENT NO. 1)*

                               Trinity Biotech plc
                                (Name of Issuer)

                           American Depository Shares
            (representing "A" Ordinary Shares, nominal value $0.0109)
                         (Title of Class of Securities)

                                    869438108
                                 (CUSIP Number)

                                December 31, 2003
             (Date of Event which Requires Filing of this Statement)


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

                                [ ] 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
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 ("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).

                       (Continued on the Following Pages)

                                  (Page 1 of 4)

CUSIP No. 869438108                   13G                     Page 2 of 4 Pages

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

               The Tail Wind Fund Ltd.

2.      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

        (a) [ ]
        (b) [ ]

3.      SEC USE ONLY

4.      CITIZENSHIP OR PLACE OF ORGANIZATION

               A British Virgin Islands corporation

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

5.      SOLE VOTING POWER

               240,000

6.      SHARED VOTING POWER

               0

7.      SOLE DISPOSITIVE POWER

               240,000

8.      SHARED DISPOSITIVE POWER

               0

9.      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

               240,000

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

11.     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

               0.6%

12.     TYPE OF REPORTING PERSON*


               CO

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 869438108                   13G                     Page 3 of 4 Pages

This statement is filed pursuant to Rule 13d-2(b) with respect to the common
stock (the "Common Stock") of Trinity Biotech plc beneficially owned by the
Reporting Person specified herein as of December 31, 2003 and amends and
supplements the Schedule 13G dated January 8, 2003 and filed by the Reporting
Person on January 8, 2003 (the "Schedule 13G"). Except as set forth herein, the
Schedule 13G is unmodified.

ITEM 4.        OWNERSHIP.

        Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

        (a) Amount beneficially owned:

                      240,000 shares

         (b) Percent of class:

                      0.6%

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

                 (i) Sole power to vote or to direct the vote

                             240,000

                (ii) Shared power to vote or to direct the vote

                             Not applicable.

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

                             240,000

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

                             Not applicable.

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 10.   CERTIFICATION.

        By signing below the undersigned 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 are not held in connection with or as a participant in any
        transaction having that purpose or effect.


CUSIP No. 869438108                   13G                     Page 4 of 4 Pages


                                   SIGNATURES

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


Dated: February 6, 2004             THE TAIL WIND FUND LTD.



                           By: /s/ Andrew P. MacKellar
                              ---------------------------------
                                   Andrew P. MacKellar
                                   Director