SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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

                                  SCHEDULE 13G
                                 (Rule 13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILES PURSUANT
           TO RULES 13d-1(b),(c) AND (d) AND AMENDMENTS THERETO FILED
                            PURSUANT TO RULE 13d-2(b)
                                (Amendment No. )/1

                               AtheroGenics, Inc.
--------------------------------------------------------------------------------
                                (Name of Issuer)

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

                                   047439 10 4
--------------------------------------------------------------------------------
                                 (CUSIP Number)

                                 August 9, 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)
         [ ] Rule 13d-1(c)
         [X] Rule 13d-1(d)


-----------------
       1/ 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.





CUSIP No. 047439 10 4                                         Page 2 of 11 Pages

--------------------------------------------------------------------------------
1)   Name of Reporting Person                 Domain Partners
     I.R.S. Identification                    III, L.P.
     No. of Above Person
     (Entities Only)
--------------------------------------------------------------------------------
2)   Check the Appropriate Box                  (a) [ X ]
     if a Member of a Group                     (b) [   ]
--------------------------------------------------------------------------------
3)   SEC Use Only
--------------------------------------------------------------------------------
4)   Citizenship or Place                     Delaware
     of Organization
--------------------------------------------------------------------------------
Number of                  5)  Sole Voting    1,406,884 shares
Shares Beneficially            Power          of Common Stock
Owned by Each                                 (including shares
Reporting Person                               issuable upon
With                                           exercise of
                                               warrants)
                           -----------------------------------------------------
                           6)  Shared Voting
                               Power               -0-
                           -----------------------------------------------------
                           7)  Sole Disposi-  1,406,884 shares
                               tive Power     of Common Stock
                                              (including shares
                                               issuable upon
                                               exercise of
                                               warrants)
                           -----------------------------------------------------
                           8)  Shared Dis-
                               positive Power      -0-
                           -----------------------------------------------------

9)   Aggregate Amount Beneficially            1,406,884 shares
     Owned by Each Reporting person           of Common Stock
                                              (including shares
                                               issuable upon
                                               exercise of
                                               warrants)
--------------------------------------------------------------------------------
10)  Check if the Aggregate
     Amount in Row (9)
     Excludes Certain Shares





CUSIP No. 047439 10 4                                         Page 3 of 11 Pages


--------------------------------------------------------------------------------
11)  Percent of Class
     Represented by                                5.9%
     Amount in Row (9)
--------------------------------------------------------------------------------
12)  Type of Reporting
     Person                                   PN






CUSIP No. 047439 10 4                                         Page 4 of 11 Pages

--------------------------------------------------------------------------------
1)   Name of Reporting Person                 DP III Associates,
     I.R.S. Identification                    L.P.
     No. of Above Person
     (Entities Only)
--------------------------------------------------------------------------------
2)   Check the Appropriate Box                  (a) [ X ]
     if a Member of a Group                     (b) [   ]
--------------------------------------------------------------------------------
3)   SEC Use Only
--------------------------------------------------------------------------------
4)   Citizenship or Place                     Delaware
     of Organization
--------------------------------------------------------------------------------
Number of                  5)  Sole Voting    48,673 shares
Shares Beneficially            Power          of Common Stock
Owned by Each                                 (including shares
Reporting Person                               issuable upon
With                                           exercise of
                                               warrants)
                           -----------------------------------------------------
                           6)  Shared Voting
                               Power               -0-
                           -----------------------------------------------------
                           7)  Sole Disposi-  48,673 shares
                               tive Power     of Common Stock
                                              (including shares
                                               issuable upon
                                               exercise of
                                               warrants)
                           -----------------------------------------------------
                           8)  Shared Dis-
                               positive Power      -0-
                           -----------------------------------------------------

9)   Aggregate Amount Beneficially            48,673 shares
     Owned by Each Reporting person           of Common Stock
                                              (including shares
                                               issuable upon
                                               exercise of
                                               warrants)
--------------------------------------------------------------------------------
10)  Check if the Aggregate
     Amount in Row (9)
     Excludes Certain Shares





CUSIP No. 047439 10 4                                         Page 5 of 11 Pages


--------------------------------------------------------------------------------
11)  Percent of Class
     Represented by                                0.2%
     Amount in Row (9)
--------------------------------------------------------------------------------
12)  Type of Reporting
     Person                                   PN





CUSIP No. 047439 10 4                                         Page 6 of 11 Pages




                                  Schedule 13G
                                  ------------

Item 1(a) -    Name of Issuer: AtheroGenics, Inc.

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

               8995 Westside Parkway
               Alpharetta, GA 30004

Item 2(a) -    Name of Person Filing:

               This statement is being filed by Domain  Partners III, L.P.,
               a  Delaware  limited  partnership   ("Domain  III")  and  DP  III
               Associates,  L.P., a Delaware  limited  partnership  ("DP III A")
               (together, the "Reporting Persons").

Item 2(b) -    Address of Principal Business Office:

               One Palmer Square
               Princeton, NJ  08542

Item 2(c) -    Place of Organization:

               Domain III:  Delaware
               DP III A:  Delaware

Item 2(d) -    Title of Class of Securities:

               Common Stock

Item 2(e) -    CUSIP Number: 047439 10 4

Item 3 -       Statements Filed Pursuant to Rules 13d-1(b) or
               13d-2(b):

               Not applicable.





CUSIP No. 047439 10 4                                         Page 7 of 11 Pages

Item 4 -       Ownership.

               (a) Amount Beneficially Owned:

               Domain III: 1,406,884 shares of Common Stock
               (including shares issuable upon exercise of
               warrants)
               DP III A: 48,673 shares of Common Stock (including
               shares issuable upon exercise of warrants)

               (b) Percent of Class:

               Domain III: 5.9%
               DP III A: 0.2%

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

               (i) sole power to vote or to direct the vote:
               Domain III: 1,406,884 shares of Common Stock
               (including shares issuable upon exercise of
               warrants)
               DP III A: 48,673 shares of Common Stock (including
               shares issuable upon exercise of warrants)


               (ii) shared power to vote or to direct the vote:
                    -0-

               (iii) sole power to dispose or to direct the
               disposition of:
               Domain III: 1,406,884 shares of Common Stock
               (including shares issuable upon exercise of
               warrants)
               DP III A: 48,673 shares of Common Stock (including
               shares issuable upon exercise of warrants)

               (iv) shared power to dispose or to direct the disposition of:
                    -0-

Item 5 -       Ownership of Five Percent or Less of a Class:

               Not applicable.






CUSIP No. 047439 10 4                                         Page 8 of 11 Pages

Item 6 -       Ownership of More than Five Percent on Behalf of

               Another Person:

               Not applicable.

Item 7 -       Identification and Classification of the
               Subsidiary Which Acquired the Security Being
               Reported on by the Parent Company:

               Not applicable.

Item 8 -       Identification and Classification of Members of the Group:

               See Exhibit 2.

Item 9 -       Notice of Dissolution of Group:

               Not applicable.


Item 10 -      Certification:

               Not applicable.





CUSIP No. 047439 10 4                                         Page 9 of 11 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.

                                             DOMAIN PARTNERS III, L.P.
                                             By:  One Palmer Square Associates
                                             III, L.P., General Partner

                                             By /s/ Kathleen K. Schoemaker
                                                --------------------------------
                                                      General Partner


                                             DP III ASSOCIATES, L.P.
                                             By:  One Palmer Square Associates
                                             III, L.P., General Partner

                                             By /s/ Kathleen K. Schoemaker
                                               --------------------------------
                                                      General Partner



Date: February 9, 2001





CUSIP No. 047439 10 4                                        Page 10 of 11 Pages

                                                                       EXHIBIT 1
                                  AGREEMENT OF
                            DOMAIN PARTNERS III, L.P.
                                       AND
                             DP III ASSOCIATES, L.P.
                            PURSUANT TO RULE 13d-1(f)
                            -------------------------

     The undersigned hereby agree that the Information Statement on Schedule 13G
to which  this  Agreement  is annexed as Exhibit 1 is filed on behalf of each of
them in accordance with the provisions of 13d-1(f) under the Securities Exchange
Act of 1934, as amended.

                                             DOMAIN PARTNERS III, L.P.
                                             By:  One Palmer Square Associates
                                             III, L.P., General Partner

                                             By /s/ Kathleen K. Schoemaker
                                               --------------------------------
                                                        General Partner


                                             DP III ASSOCIATES, L.P.
                                             By:  One Palmer Square Associates
                                             III, L.P., General Partner

                                             By /s/ Kathleen K. Schoemaker
                                               --------------------------------
                                                      General Partner



Date: February 9, 2001





CUSIP No. 047439 10 4                                        Page 11 of 11 Pages

                                                                       EXHIBIT 2

                        Identification and Classification
                             of Members of the Group
                       -----------------------------------

     Domain  Partners  III,  L.P.and DP III  Associates,  L.P.  are filing  this
statement on Schedule 13G as a group.

     Domain  Partners  III,  L.P. is a Delaware  limited  partnership.  Its sole
general partner is One Palmer Square  Associates  III, L.P., a Delaware  limited
partnership.

     DP III Associates, L.P. is a Delaware limited partnership. Its sole general
partner  is  One  Palmer  Square   Associates  III,  L.P.,  a  Delaware  limited
partnership.