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

                                  SCHEDULE 13G

                 Information to be Included in Statements Filed
                   Pursuant to Rule 13d-1(b), (c) and (d) and
                Amendments Thereto Filed Pursuant to Rule 13d-2

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


                              DANIEL GREEN COMPANY
                                (Name of Issuer)

                          Common Stock, $2.50 Par Value
                           (Title of Class Securities)

                                    392775102
                                 (CUSIP Number)

                           James R. Riedman, Chairman
                Retirement Committee of the Daniel Green Company
                       Retirement Savings Partnership Plan
                      1080 Pittsford Victor Road, Suite 301
                            Pittsford, New York 14534
                                 (716) 586-7833
                  (Name, Address and Telephone Number of Person
                Authorized to receive Notices and Communications)

                                  July 16, 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 (the "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. 392775102              Schedule 13G                  Page 2 of 5 Pages


--------------------------------------------------------------------------------
(1)      Name of Reporting Persons/ IRS Identification Nos. of Above
         Persons (Entities Only)

         Retirement Committee of the Daniel Green Company Retirement Savings
         Partnership Plan

--------------------------------------------------------------------------------
(2)      Check the Appropriate Box if a Member of a Group
         (See Instructions)

                           (a)  / /
                           (b)  /X/

--------------------------------------------------------------------------------
(3)      SEC Use Only


--------------------------------------------------------------------------------
(4)      Citizenship or Place of Organization


--------------------------------------------------------------------------------

         Number of Shares      5.  Sole Voting Power                    448,131
                                                            --------------------

         Beneficially Owned    6.  Shared Voting Power                  0
                                                            --------------------

         By Each Reporting     7.  Sole Dispositive Power               448,131
                                                            --------------------

         Person With           8.  Shared Dispositive Power             0
                                                            --------------------


--------------------------------------------------------------------------------
(9)      Aggregate Amount Beneficially Owned by Each Reporting Person

         448,131

--------------------------------------------------------------------------------
(10)     Check if the Aggregate Amount in Row (9) Excludes Certain Shares  [  ]
         (See Instructions)

--------------------------------------------------------------------------------
(11)     Percent of Class Represented by Amount in Row (9)
         (See Instructions)

         22.9%

--------------------------------------------------------------------------------
(12)     Type of Reporting Person (See Instructions)

         EP

--------------------------------------------------------------------------------


                                      -2-


CUSIP No. 392775102              Schedule 13G                  Page 3 of 5 Pages


Item 1(a)    Name of Issuer:

             Daniel Green Company
             -------------------------------------------------------------------

Item 1(b)    Address of Issuer's Principal Executive Offices:

             450 Main Street, Old Town, Maine 04468
             -------------------------------------------------------------------

Item 2(a)    Name of Person Filing:

             Retirement Committee of the Daniel Green Company Retirement Savings
             -------------------------------------------------------------------
             Partnership Plan (the "Plan")
             -------------------------------------------------------------------

Item 2(b)    Address of Principal Business officer or, if None, Residence:

             450 Main Street, Old Town, Maine 04468
             -------------------------------------------------------------------

Item 2(c)    Citizenship:


Item 2(d)    Title of Class of Securities

             Common Stock, par value $2.50 per share
             -------------------------------------------------------------------

Item 2(e)    CUSIP Number:

             392775102
             -------------------------------------------------------------------

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

             (a) [ ]  Broker  or  dealer  registered  under  Section  15 of the
                      Exchange Act.

             (b) [ ]  Bank as defined in Section 3(a)(6) of the Exchange Act.

             (c) [ ]  Insurance  company as defined in Section 3(a)(19) of the
                      Exchange Act.

             (d) [ ]  Investment  company  registered  under  Section 8 of the
                      Investment Company Act.

             (e) [ ]  An  investment   adviser  in  accordance   with  Rule
                      13d-1(b)(1)(ii)(E).

             (f) [X]  An employee benefit plan or endowment fund in accordance
                      with Rule 13d-1(b)(1)(ii)(F).

             (g) [ ]  A parent holding company or control person in accordance
                      with Rule 13d-I(b)(1)(ii)(G).

             (h) [ ]  A savings  association as defined in Section 3(b) of the
                      Federal Deposit Insurance Act.

             (i) [ ]  A church plan that is excluded from the definition of an
                      investment  company  under  Section  3(c)(14) of the
                      Investment Company Act.

             (j) [ ]  Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

                                      -3-



CUSIP No. 392775102              Schedule 13G                  Page 4 of 5 Pages


Item 4. Ownership.

        (a)  Amount beneficially owned:         448,131
                                       ---------------------------

        (b)  Percent of class:                  22.9%
                                       ---------------------------

        (c)  Number of shares to which the person has:

             (i)    Sole power to vote or direct the vote:            448,131
                                                                      ----------
             (ii)   Shared power to vote or direct the vote:          0
                                                                      ----------
             (iii)  Sole power to dispose or to direct the
                    disposition of:                                   448,131
                                                                      ----------
             (iv)   Shared power to dispose or to direct the
                    disposition of:                                   0
                                                                      ----------

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 [ ].

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

     Exeter Trust Company (the "Trustee") holds the shares as  non-discretionary
trustee of the Plan.  As respects  the voting of the shares held by the Trustee,
the Retirement  Committee  directs the voting of both allocated and  unallocated
shares in the Plan.

     The  Retirement  Committee  may  dispose  of the shares in the Plan only in
accordance with the terms of the Plan and its fiduciary obligations under ERISA.

     Since  filing  Amendment  No. 1 to this  Schedule  13G,  4,278  shares were
redeemed from Plan Participants'  61,200 shares purchased (on July 16, 2001) and
the right to purchase an additional 74,722 shares was waived.

Item 7.  Identification  and Classification of the Subsidiary Which Acquired the
         Security Being Reported on by the Parent Holding Company or Control
         Person.

         Not Applicable

Item 8.  Identification and Classification of Members of the Group.

         Not Applicable

Item 9.  Notice of Dissolution of Group.

         Not Applicable


                                      -4-



CUSIP No. 392775102              Schedule 13G                  Page 5 of 5 Pages


Item 10. Certifications.

     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.

                                    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.

     Dated: August 3, 2001

                                RETIREMENT COMMITTEE OF THE DANIEL
                                GREEN COMPANY RETIREMENT SAVINGS
                                PARTNERSHIP PLAN

                                By:  /s/ James R. Riedman
                                     -------------------------------------------
                                Name:    James R. Riedman
                                Title: Chairman





                                   -5-