UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934

                               (Amendment No. 3)*


                                   Agco Corp.
                                (Name of Issuer)

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

                                    001084102
                                 (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)

         *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. 001084102                13G                         Page 2 of 9 Pages

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

   Forstmann-Leff Associates, LLC
   52-2169043

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

                                                (b) [ ]

3  SEC USE ONLY


4  CITIZENSHIP OR PLACE OF ORGANIZATION

   Delaware

                    5  SOLE VOTING POWER
   NUMBER OF
     SHARES            2,490,543 shares
  BENEFICIALLY
    OWNED BY        6  SHARED VOTING POWER
      EACH
    REPORTING          4,488,900 shares
     PERSON
      WITH
                    7  SOLE DISPOSITIVE POWER

                       3,008,022 shares

                    8  SHARED DISPOSITIVE POWER
                       5,533,050 shares


9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         8,541,072 shares (includes shares beneficially owned by FLA
         Asset Management, LLC, FLA Advisers L.L.C. and Forstmann-Leff
         International, LLC)

10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES
                                                    [ ]
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

    11.9%

12  TYPE OF REPORTING PERSON

    IA, OO


CUSIP NO. 001084102                13G                         Page 3 of 9 Pages

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

   FLA Asset Management, LLC
   52-2169045

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

                                                (b) [ ]
3  SEC USE ONLY



4  CITIZENSHIP OR PLACE OF ORGANIZATION

   Delaware


                    5  SOLE VOTING POWER
   NUMBER OF
     SHARES            None
  BENEFICIALLY
    OWNED BY        6  SHARED VOTING POWER
      EACH
    REPORTING          1,154,175 shares
     PERSON
      WITH
                    7  SOLE DISPOSITIVE POWER

                       None

                    8  SHARED DISPOSITIVE POWER

                       2,198,325 shares

9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    2,198,325 shares

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

11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

    3.1%

12  TYPE OF REPORTING PERSON

    IA, OO


CUSIP NO. 001084102                13G                         Page 4 of 9 Pages

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

   FLA Advisers L.L.C.
   13-3942422

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

                                                (b) [ ]

3  SEC USE ONLY


4  CITIZENSHIP OR PLACE OF ORGANIZATION

   New York


                    5  SOLE VOTING POWER
   NUMBER OF
     SHARES            None
  BENEFICIALLY
    OWNED BY        6  SHARED VOTING POWER
      EACH
    REPORTING          3,169,125 shares
     PERSON
      WITH
                    7  SOLE DISPOSITIVE POWER

                       None

                    8  SHARED DISPOSITIVE POWER

                       3,169,125 shares

9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    3,169,125 shares

10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES

                                                   [ ]
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

    4.4%

12  TYPE OF REPORTING PERSON

    IA, OO

CUSIP NO. 001084102                13G                         Page 5 of 9 Pages

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

   Forstmann-Leff International, LLC
   52-2169041

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

                                                (b) [ ]
3  SEC USE ONLY


4  CITIZENSHIP OR PLACE OF ORGANIZATION

   Delaware

                    5  SOLE VOTING POWER
   NUMBER OF
     SHARES            None
  BENEFICIALLY
    OWNED BY        6  SHARED VOTING POWER
      EACH
    REPORTING          165,600 shares
     PERSON
      WITH
                    7  SOLE DISPOSITIVE POWER

                       None

                    8  SHARED DISPOSITIVE POWER

                       165,600 shares

9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    165,600 shares

10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES

                                                    [ ]
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

    .2%

12  TYPE OF REPORTING PERSON

    IA, OO

                                                               Page 6 of 9 Pages

Item 1(a) NAME OF ISSUER:

          Agco Corp.

Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

          4205 River Green Parkway
          Duluth, GA 30096

Item 2(a) NAME OF PERSON FILING:

          See Item 1 of the cover pages attached hereto

Item 2(b) Address of Principal Business Office, or if none, residence:

          590 Madison Avenue
          New York, New York 10022

Item 2(c) CITIZENSHIP:

          See Item 4 of the cover pages attached hereto

Item 2(d) TITLE OF CLASS OF SECURITIES:

          Common Stock, par value $.01

Item 2(e) CUSIP NUMBER:

          001084102

Item 3    Forstmann-Leff   Associates,   LLC,  a  Delaware   limited   liability
          company,is a registered  investment  adviser  under Section 203 of the
          Investment  Advisers  Act of 1940 (the "Act").  FLA Asset  Management,
          LLC, a Delaware limited liability company, is a registered  investment
          adviser under the Act and a subsidiary of  Forstmann-Leff  Associates,
          LLC. FLA Advisers L.L.C., a New York limited liability  company,  is a
          registered   investment   adviser   under   the  Act.   Forstmann-Leff
          International,  LLC,  a  Delaware  limited  liability  company,  is  a
          registered   investment   adviser   under  the  Act.  The  members  of
          Forstmann-Leff  Associates,  LLC's  Investment  Committee are also the
          members of Forstmann-Leff  International,  LLC's Investment  Committee
          and the managers of FLA Advisers L.L.C.


                                                               Page 7 of 9 Pages

Item 4 OWNERSHIP:

          (a)  Amount beneficially owned: See Item 9 of the cover pages attached
               hereto

          (b)  Percent of Class: See Item 11 of the cover pages attached hereto

          (c)  See Items 5 through 8 of the cover pages attached hereto

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:

     Various  clients of the reporting  persons have the right to receive or the
     power to direct the receipt of dividends  from,  or the  proceeds  from the
     sale of, the Common  Stock of Agco Corp.  No one  client's  interest in the
     Common  Stock  of Agco  Corp.  is  more  than  five  percent  of the  total
     outstanding Common Stock.

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 acquired and are held in the ordinary
     course of business  and 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.


                                                              Page 8 of 9 Pages


                                   SIGNATURES

                  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 14, 2002


                                   FORSTMANN-LEFF ASSOCIATES, LLC


                                   By:      /s/ Joseph Sullivan
                                            Chief Operating Officer


                                   FLA ASSET MANAGEMENT, LLC


                                   By:      Forstmann-Leff Associates, LLC,
                                            its Sole Member

                                   By:      /s/ Joseph Sullivan
                                            Chief Operating Officer


                                   FLA ADVISERS L.L.C.


                                   By:      /s/ Joseph Sullivan
                                            Chief Operating Officer


                                   FORSTMANN-LEFF INTERNATIONAL, LLC


                                   By:      /s/ Joseph Sullivan
                                            Chief Operating Officer


                                                               Page 9 of 9 Pages


                                                                       Exhibit A

                                    AGREEMENT

                  The undersigned, Forstmann-Leff Associates, LLC, FLA Asset
Management, LLC, FLA Advisers L.L.C. and Forstmann-Leff International, LLC,
agree that the statement to which this exhibit is appended is filed on behalf of
each of them.


February 14, 2002

                                   FORSTMANN-LEFF ASSOCIATES, LLC


                                   By:      /s/ Joseph Sullivan
                                            Chief Operating Officer


                                   FLA ASSET MANAGEMENT, LLC


                                   By:      Forstmann-Leff Associates, LLC,
                                                its Sole Member


                                   By:      /s/ Joseph Sullivan
                                            Chief Operating Officer


                                   FLA ADVISERS L.L.C.


                                   By:      /s/ Joseph Sullivan
                                            Chief Operating Officer


                                   FORSTMANN-LEFF INTERNATIONAL, LLC


                                   By:      /s/ Joseph Sullivan
                                            Chief Operating Officer