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)*

Kulicke & Soffa Industries, Inc.
(Name of Issuer)

Common Stock,
(Title of Class of Securities)

501242101
(CUSIP Number)


December 5, 2003
(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 ("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).

                       (Continued on the Following Pages)


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

                  Amaranth L.L.C.

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

         (a)      [ ]
         (b)      [x]

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

                  768,202

7.       SOLE DISPOSITIVE POWER

                  0

8.       SHARED DISPOSITIVE POWER

                  768,202

9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                  768,202

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

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

                  1.5%

12.      TYPE OF REPORTING PERSON*

                  OO

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


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

                  Nicholas M. Maounis

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

         (a)      [ ]
         (b)      [x]

3.       SEC USE ONLY

4.       CITIZENSHIP OR PLACE OF ORGANIZATION

                  United States

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5.       SOLE VOTING POWER

                  0

6.       SHARED VOTING POWER

                  768,202

7.       SOLE DISPOSITIVE POWER

                  0

8.       SHARED DISPOSITIVE POWER

                  768,202

9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                  768,202

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

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

                  1.5%

12.      TYPE OF REPORTING PERSON*

                  IN

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



     This  statement  is filed with  respect to the  Common  Stock (the  "Common
Stock") of Kulicke & Soffa Industries, Inc. (the "Issuer") beneficially owned by
Amaranth L.L.C.  ("Amaranth")  and Nicholas M. Maounis  (together with Amaranth,
the "Reporting Persons") as of December 12, 2003, and amends and supplements the
Schedule 13G filed on December 2, 2003 by the Reporting  Persons (the  "Schedule
13G"). Except as set forth herein, the 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:

          The Reporting Persons  beneficially own an aggregate of 768,202 shares
          of Common  Stock  consisting  of (i) the  Issuer's  5.25%  convertible
          debentures  due August 15, 2006,  which are  convertible  into 759,602
          shares of Common  Stock,  and (ii) 8,600  shares of Common  Stock held
          directly by Amaranth.

     (b) Percent of class:

          The Reporting Persons' beneficial ownership of 768,202 of Common Stock
          constitute, in the aggregate, 1.5% of all of the outstanding shares of
          Common Stock.

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

          Not applicable

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

          The Reporting Persons have the shared power to vote or direct the vote
          of 768,202 shares of Common Stock.

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

          Not applicable.

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

          The  Reporting  Persons have the shared power to dispose or direct the
          disposition of 768,202 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:  December 12, 2003

          AMARANTH L.L.C.
          By: Amaranth Advisors L.L.C.,
                as Managing Member


                   By:  /s/ Nicholas M. Maounis
                        -------------------------
                        Nicholas M. Maounis,
                        President


           /s/ Nicholas M. Maounis
           -------------------------
           Nicholas M. Maounis