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

                                       SCHEDULE 13G
                                     (RULE 13d - 102)

  INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(b), (c) AND
             (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)

                                    (Amendment No. 1)*

GenesisIntermedia.com, Inc.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

37184T106
(CUSIP Number)

Stephen M. Schultz, Esq., Kleinberg, Kaplan, Wolff & Cohen, P.C., 551 Fifth
Avenue,  New York,  New York  10176  Tel:  (212)  986-6000  (Name,  Address  and
Telephone Number of Person Authorized to Receive Notices and Communications)

December 31, 2000
(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 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).








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

                  Elliott Associates, L.P.

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

         (a)      [x]
         (b)      [ ]

3.       SEC USE ONLY

4.       CITIZENSHIP OR PLACE OF ORGANIZATION

                  Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

5.       SOLE VOTING POWER

                  0

6.       SHARED VOTING POWER

                  0

7.       SOLE DISPOSITIVE POWER

                  0

8.       SHARED DISPOSITIVE POWER

                  0

9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                  0

10.      CHECK BOX 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 INSTRUCTIONS BEFORE FILLING OUT!








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

                  Elliott International, L.P.
                  (f/k/a Westgate International, L.P.)

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

         (a)      [x]
         (b)      [ ]

3.       SEC USE ONLY

4.       CITIZENSHIP OR PLACE OF ORGANIZATION

                  Cayman Islands, British West Indies

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

5.       SOLE VOTING POWER

                  0

6.       SHARED VOTING POWER

                  0

7.       SOLE DISPOSITIVE POWER

                  0

8.       SHARED DISPOSITIVE POWER

                  0

9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                  0

10.      CHECK BOX 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 INSTRUCTIONS BEFORE FILLING OUT!








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

                  Elliott International Capital Advisors Inc.

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

         (a)      [x]
         (b)      [ ]

3.       SEC USE ONLY

4.       CITIZENSHIP OR PLACE OF ORGANIZATION

                  Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5.       SOLE VOTING POWER

                  0

6.       SHARED VOTING POWER

                  0

7.       SOLE DISPOSITIVE POWER

                  0

8.       SHARED DISPOSITIVE POWER

                  0

9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                  0

10.      CHECK BOX 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*

                  CO

                           *SEE INSTRUCTIONS BEFORE FILLING OUT!








         This  statement is filed  pursuant to Rule 13d-2(b) with respect to the
shares   of  common   stock,   $.001  par  value   (the   "Common   Stock")   of
GenesisIntermedia.com,  Inc. (the "Issuer")  beneficially owned by the Reporting
Persons  specified herein as of February 13, 2001 and amends and supplements the
Schedule  13G dated  June 30,  2000 (the  "Schedule  13G").  Except as set forth
herein, such 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:

                   Elliott  Associates,  L.P.  ("Elliott")  beneficially  owns
                   a total of 0 shares of Common Stock.

                   Elliott  International,   L.P.  (f/k/a  Westgate
                   International,   L.P.) ("EILP")   and   Elliott
                   International    Capital    Advisors    Inc. ("International
                   Advisors")  together  beneficially  own  a  total  of 0
                   shares of Common Stock.

                   Elliott,    EILP   and   International    Advisors   together
                   beneficially own an aggregate of 0 shares of Common Stock.

          (b)      Percent of class:

                   Elliott's  beneficial  ownership  of 0 shares of Common Stock
                   constitutes  0% of all of the  outstanding  shares  of Common
                   Stock.

                   EILP's  and  International   Advisors'  aggregate  beneficial
                   ownership of 0 shares of Common Stock  constitutes  0% of all
                   of the outstanding shares of Common Stock.

                   Elliott's,   EILP's  and  International  Advisors'  aggregate
                   beneficial  ownership of 0 shares of Common Stock constitutes
                   0% of all the outstanding shares of Common Stock.

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

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

                        Elliott  has sole  power to vote or direct the vote of 0
                        shares of Common Stock.

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

                        EILP and  International  Advisors  together  have shared
                        power to vote or  direct  the vote of 0 shares of Common
                        Stock.

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

                        Elliott   has  sole  power  to  dispose  or  direct  the
                        disposition of 0 shares of Common Stock.

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

                        EILP and  International  Advisors  together  have shared
                        power to dispose or direct the  disposition  of 0 shares
                        of Common Stock.

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 Persons have 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.






                                        SIGNATURES

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

Dated: February 13, 2001

                           ELLIOTT ASSOCIATES, L.P.
                           By: Elliott Capital Advisors, L.P.,
                                    as General Partner

                                    By: Braxton Associates, Inc., as
                                        General Partner


                                            By:      /s/ Elliot Greenberg
                                                --------------------------------
                                                     Elliot Greenberg
                                                     Vice President

                           ELLIOTT INTERNATIONAL, L.P.
                           (f/k/a Westgate International, L.P.)
                           By: Elliott International Capital
                                    Advisors Inc., as Investment Manager


                                            By:      /s/ Elliot Greenberg
                                                --------------------------------
                                                     Elliot Greenberg
                                                     Vice President

                           ELLIOTT INTERNATIONAL CAPITAL ADVISORS INC.


                                            By:      /s/ Elliot Greenberg
                                                --------------------------------
                                                     Elliot Greenberg
                                                     Vice President