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


                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                               (AMENDMENT NO. 2)*


                           Immtech International, Inc.
                                (Name of Issuer)


                          Common Stock, $0.01 par value
                         (Title of Class of Securities)


                                   452519 10 1
                                 (CUSIP Number)




                                December 31, 2002
             (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 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.  45219 10 1                           13G           PAGE 2 OF 6 PAGES
--------------------------------------                        ------------------

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1     NAMES OF REPORTING PERSONS
      I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
      T. Stephen Thompson
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2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)[ ]
                                                                         (b)[ ]
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3     SEC USE ONLY

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4     CITIZENSHIP OR PLACE OF ORGANIZATION            U.S.A.

--------------------------------------------------------------------------------
              5      SOLE VOTING POWER                390,864

  NUMBER OF   ------------------------------------------------------------------
   SHARES     6      SHARED VOTING POWER              0
BENEFICIALLY
  OWNED BY    ------------------------------------------------------------------
    EACH      7      SOLE DISPOSITIVE POWER           390,864
  REPORTING
   PERSON     ------------------------------------------------------------------
    WITH      8      SHARED DISPOSITIVE POWER         0

--------------------------------------------------------------------------------
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON      390,864

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

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

      5.06%
--------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON (See Instructions)     IN

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


                                                               PAGE 3 OF 6 PAGES


ITEM 1(a).         NAME OF ISSUER.

                   Immtech International, Inc.


ITEM 1(b).         ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.

                   150 Fairway Drive, Suite 150
                   Vernon Hills, Illinois 60061


ITEM 2(a).         NAMES OF PERSONS FILING.

                   T. Stephen Thompson


ITEM 2(b).         ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE.

                   150 Fairway Drive, Suite 150
                   Vernon Hills, Illinois 60061


ITEM 2(c).         CITIZENSHIP.

                   U.S.A.


ITEM 2(d).         TITLE OF CLASS OF SECURITIES.

                   Common Stock, par value $0.01 per share.


ITEM 2(e).         CUSIP NUMBER.

                   452519 10 1


ITEM 3.

                  If this statement is filed pursuant to
(section)(section)240.13d-1(b) OR 240.13d-2(b) or (c), check whether the person
filing is a:

                  (a)  [ ]  Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o).

                  (b)  [ ]  Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c).


                                                               PAGE 4 OF 6 PAGES


                  (c)  [ ]  Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c).

                  (d)  [ ]  Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).

                  (e)  [ ]  An investment adviser in accordance with
(section)240.13d-1(b)(1)(ii)(E);

                  (f)  [ ]  An employee benefit plan or endowment fund in
accordance with (section)240.13d-1(b)(1)(ii)(F);

                  (g)  [ ]  A parent holding company or control person in
accordance with (section)240.13d-1(b)(1)(ii)(G);

                  (h)  [ ]  A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813);

                  (i)  [ ]  A church plan that is excluded from the definition
of an investment company under section 3(c)(14) of the Investment Company Act of
1940 (15 U.S.C. 80a-3);

                  (j)  [ ]  Group, in accordance with
(section)240.13d-1(b)(1)(ii)(J).

                  If this statement is filed pursuant to (section)240.13d-1(c),
check this box [X].

ITEM 4.            OWNERSHIP.

                   (a)   Amount beneficially owned:  390,864

                   (b)   Percent of class:  5.06%

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

                         (i)   Sole power to vote or to direct the
                               vote:                                     390,864
                         (ii)  Shared power to vote or to direct the
                               vote:                                           0
                         (iii) Sole power to dispose or to direct the
                               disposition of:                           390,864
                         (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.

                   Inapplicable.


                                                               PAGE 5 OF 6 PAGES


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

                   Inapplicable.

ITEM 8.            IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

                   Inapplicable.

ITEM 9.            NOTICE OF DISSOLUTION OF GROUP.

                   Inapplicable.

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 transaction having that purpose or
effect.



                                                               PAGE 6 OF 6 PAGES



                                    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 10, 2003


                                       /s/ T. Stephen Thompson
                                    ---------------------------------------
                                       T. Stephen Thompson