SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 2)*


                               ThermoGenesis Corp.
                               -------------------
                                (Name of Issuer)


                         Common Stock, $0.001 Par Value
                         ------------------------------
                         (Title of Class of Securities)


                                   883623 209
                                   ----------
                                 (CUSIP Number)

                                January 22, 2004
                                ----------------
              (Date of Event Which Requires Filing 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 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).





CUSIP No.    883623 209                                        Page 2 of 8 Pages
            ------------

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                     ATLAS II, L.P.
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     a    [X]
                                                                     b    [ ]
--------------------------------------------------------------------------------
3.   SEC USE ONLY

--------------------------------------------------------------------------------
4.   CITIZENSHIP OR PLACE OF ORGANIZATION

     New York
--------------------------------------------------------------------------------
                                              5. SOLE VOTING POWER

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

                                                 0
                                              ----------------------------------
                                              8. SHARED DISPOSITIVE POWER

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

     0
--------------------------------------------------------------------------------
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*

     PN
--------------------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!





CUSIP No.    883623 209                                        Page 3 of 8 Pages
            ------------

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                           PENTAGRAM PARTNERS, L.P.
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     a    [X]

                                                                     b    [ ]
--------------------------------------------------------------------------------
3.   SEC USE ONLY

--------------------------------------------------------------------------------
4.   CITIZENSHIP OR PLACE OF ORGANIZATION

     New York
--------------------------------------------------------------------------------
                                             5. SOLE VOTING POWER

          NUMBER OF                             1,134,425
           SHARES                            -----------------------------------
         BENEFICIALLY                        6. SHARED VOTING POWER
            OWNED
           BY EACH                              0
          REPORTING                          -----------------------------------
         PERSON WITH                         7. SOLE DISPOSITIVE POWER

                                                1,134,425
                                             -----------------------------------
                                             8. SHARED DISPOSITIVE POWER

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

     1,134,425
--------------------------------------------------------------------------------
10.  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  [ ]

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

     2.9%
--------------------------------------------------------------------------------
12.  TYPE OF REPORTING PERSON*

     PN
--------------------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!





CUSIP No.    883623 209                                        Page 4 of 8 Pages
            ------------
--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                RICHARD JACINTO, II
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                a   [X]
                                                                b   [ ]
--------------------------------------------------------------------------------
3.   SEC USE ONLY

--------------------------------------------------------------------------------
4.   CITIZENSHIP OR PLACE OF ORGANIZATION

     USA
--------------------------------------------------------------------------------
                                            5. SOLE VOTING POWER

          NUMBER OF                            1,134,425(1)
           SHARES                           ------------------------------------
        BENEFICIALLY                        6. SHARED VOTING POWER
           OWNED
          BY EACH                              0
         REPORTING                          ------------------------------------
        PERSON WITH                         7. SOLE DISPOSITIVE POWER

                                               1,134,425(1)
                                            ------------------------------------
                                            8. SHARED DISPOSITIVE POWER

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

     1,134,425(1)
--------------------------------------------------------------------------------
10.  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]

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

     2.9%
--------------------------------------------------------------------------------
12.  TYPE OF REPORTING PERSON*

     PN
--------------------------------------------------------------------------------
(1)  Represents shares held by Atlas II, L.P. and Pentagram Partners, L.P.,
      which Richard Jacinto II is the General Partner.

                      *SEE INSTRUCTION BEFORE FILLING OUT!





                                  SCHEDULE 13G

Item 1.           Name and Address of Issuer

                  (a) THERMOGENESIS CORP.

                  (b) 2711 Citrus Road
                      Rancho Cordova, CA  95742

Item 2.           Name, Address and Citizenship of Person Filing; Class of
                  Securities and CUSIP Number

                  (a) Atlas II, L.P., Pentagram Partners, L.P. and Richard
                      Jacinto II

                  (b) Address for Atlas II L.P., Pentagram Partners, L.P. and
                      Richard Jacinto II:

                      630 Fifth Avenue, 20th Floor
                      New York, NY  10111

                  (c) Atlas II, L.P. and Pentagram Partners, L.P. - New York
                      Richard Jacinto II - USA

                  (d) Common Stock

                  (e) 883623 209

Item 3.           If this statement is filed pursuant to Rule 13d-1(b), or 13d-2
                  (b), check whether the person filing is a:

(a)   [ ]         Broker or Dealer registered under Section 15 of the Act

(b)   [ ]         Bank is 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

(e)   [ ]         Investment Adviser registered under Section 203 of the
                  Investment Advisers Act of 1940

(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 ss.240.13d-1(b)(1)(ii)(F)



(g)   [ ]         Parent Holding Company, in accordance with ss.240.13d-1(b)(ii)
                  (G) (Note: See Item 7)

(h)   [ ]         Group, in accordance with ss.240.13d-1(b)(1)(ii)(H)

Item 4.           Ownership

                  (a) Amount Beneficially Owned: 1,134,425

                  (b) Percent of Class: 2.9%

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

                      Atlas II, L.P.
                      --------------
                      (i)   sole power to vote or to direct the vote:          0
                      (ii)  shared power to vote or to direct the vote:        0
                      (iii) sole power to dispose or to direct the
                            disposition of                                     0
                      (iv)  shared power to dispose or to direct the
                            disposition of:                                    0

                      Pentagram Partners, L.P.
                      ------------------------
                      (i)   sole power to vote or to direct the vote:  1,134,425
                      (ii)  shared power to vote or to direct the vote:        0
                      (iii) sole power to dispose or to direct the
                            disposition of:                            1,134,425
                      (iv)  shared power to dispose or to direct the
                            disposition of:                                    0

                      Richard Jacinto II
                      ------------------
                      (i)   sole power to vote or to direct the
                            vote:                                  1,134,425 (1)
                      (ii)  shared power to vote or to direct the
                            vote:                                              0
                      (iii) sole power to dispose or to direct
                            the disposition of:                    1,134,425 (1)
                      (iv)  shared power to dispose or to direct
                            the disposition of:                                0

--------------------------------------------------------------------------------
(1)  Consists of shares held by Atlas II, L.P. and Pentagram Partners, L.P.
     Richard Jacinto II is the General Partner of Atlas II, L.P. and Pentagram
     Partners, L.P. and has sole voting and investment power over the 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

                  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

     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 transactions having that purposes or effect.






                                    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.

Date: January 22, 2004                           ATLAS II, L.P.


                                                 /s/ Richard Jacinto II
                                                 -------------------------------
                                                 Richard Jacinto II,
                                                 General Partner




Date:  January 22, 2004                          PENTAGRAM PARTNERS, L.P.


                                                 /s/ Richard Jacinto II
                                                 -------------------------------
                                                 Richard Jacinto II,
                                                 General Partner



Date:  January 22, 2004                          /s/ Richard Jacinto II
                                                 -------------------------------
                                                 Richard Jacinto II,
                                                 an Individual