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


                                  SCHEDULE 13G



                   Under the Securities Exchange Act of 1934
                              (Amendment No. 1)*


                               AGCO Corporation
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                                 Common Stock
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   001084102
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                               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)


                                                                     Page 2 of 5

     *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

                                 SCHEDULE 13G

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

      SAME DEUTZ-FAHR S.p.A.
- ------------------------------------------------------------------------------
 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

      Italy
- ------------------------------------------------------------------------------
     NUMBER OF       5    SOLE  DISPOSITIVE POWER

      SHARES              5,949,000
                   -----------------------------------------------------------
   BENEFICIALLY      6    SHARED DISPOSITIVE POWER

     OWNED BY             Nil
                   -----------------------------------------------------------
       EACH          7    SOLE DISPOSITIVE POWER

    REPORTING             5,949,000
                   -----------------------------------------------------------
      PERSON         8    SHARED DISPOSITIVE POWER

       WITH               Nil

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

      5,949,000
- ------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_]
- ------------------------------------------------------------------------------


                                                                     Page 3 of 5

- -------------------------------------------------------------------------------
      (SEE INSTRUCTIONS)

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

      9.98
- ------------------------------------------------------------------------------
12    CO

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


                                                                     Page 4 of 5

CUSIP No 001084102

ITEM 1(a)  NAME OF ISSUER

           AGCO Corporation
          ---------------------------------------------------------------------
ITEM 1(b)  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES

           4205 River Green Parkway, Duluth, Georgia 30096, USA
          ---------------------------------------------------------------------
ITEM 2(a)  NAME OF PERSON FILING

           SAME DEUTZ-FAHR S.p.A.
          ---------------------------------------------------------------------
ITEM 2(b)  ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

           Viale Francesco Cassani n. 14, 24047 Treviglio (Bg), ITALY
          ---------------------------------------------------------------------
ITEM 2(c)  CITIZENSHIP:

           Italy
          ---------------------------------------------------------------------
ITEM 2(d)  TITLE OF CLASS OF SECURITIES:

           Common Stock
          ---------------------------------------------------------------------
ITEM 2(e)  CUSIP NUMBER:

           001084102
          ---------------------------------------------------------------------

ITEM 3     Not applicable

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:                            5,949,000
                                                                   -------------
           (b) PERCENT OF CLASS:                                          9.98
                                                                   -------------
           (c) NUMBER OF SHARES AS TO WHICH THE PERSON HAS:
                                                                   -------------
               (i)    Sole power to vote or to direct the vote       5,949,000
                                                                   -------------
               (ii)   Shared power to vote or to direct the vote            --
                                                                   -------------
               (iii)  Sole power to dispose or to direct the         5,949,000
                      disposition of
                                                                   -------------
               (iv)   Shared power to dispose or to direct the              --
                      disposition
                                                                   -------------

                                                                     Page 5 of 5

CUSIP No 001084102

ITEM 5   Not applicable

ITEM 6   Not applicable

ITEM 7   IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
         SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL
         PERSON

         The 5,949,000 shares of common stock in AGCO Corporation referred to in
         Item 4 are directly held by SAME DEUTZ-FAHR
         INTERNATIONAL, S.A., SAME DEUTZ-FAHR INTERNATIONAL S.A. is a Luxembourg
         company having its principal place of business at 54, Boulevard
         Napoleon ler, L-2210, Luxembourg. SAME DEUTZ-FAHR INTERNATIONAL S.A. is
         a wholly (one hundred percent) owned subsidiary of SAME DEUTZ-FAHR
         S.p.A.

Item 8   Not applicable

Item 9   Not applicable


Item 10  CERTIFICATION

         (a)  Not applicable

         (b)  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 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.

                                                  February 13 , 2001
                                              ----------------------------------
                                              /s/ Gerald Hampel
                                              ----------------------------------
                                                        Gerald Hampel
                                                   Chief Executive Officer