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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)
BARNWELL INDUSTRIES, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
068221100
(CUSIP Number)
FEBRUARY 27, 2004
(Date of Event which Requires Filing of this Statement)
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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)
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CUSIP No. 068221100 13G/A Page 1 of 4
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1 NAME OF REPORTING PERSON:
Martin Anderson
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Hawaii
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5 SOLE VOTING POWER
65,503
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NUMBER 6 SHARED VOTING POWER
OF SHARES 0
BENEFICIALLY
OWNED BY
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 65,503
PERSON WITH
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
65,503
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.96%
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12 TYPE OF REPORTING PERSON*
IN
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CUSIP No. 068221100 13G/A Page 2 of 4
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ITEM 1.
(a) Name of Issuer
Barnwell Industries, Inc.
(b) Address of Issuer's Principal Executive Offices
1100 Alakea Street, Suite 2900
Honolulu, Hawaii 96813
ITEM 2.
(a) Name of Person Filing
Martin Anderson
(b) Address of Principal Business Office or, if none, Residence
1099 Alakea Street, Suite 1800
Honolulu, Hawaii 96813
(c) Citizenship
Hawaii
(d) Title of Class of Securities
Common Stock,
(e) CUSIP Number
068221100
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 Act
(b) [ ] Bank as defined in Section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
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CUSIP No. 068221100 13G/A Page 3 of 4
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(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see ss.240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with
ss.240.13d-1(b)(ii)(G) (Note: See Item 7)
(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 of 1940
(j) [ ] Group, in accordance with ss.240.13d-1(b)-1(ii)(J)
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned
65,503
(b) Percent of Class
4,96%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 65,503
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of: 65,503
(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 [x].
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 HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
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CUSIP No. 068221100 13G/A Page 4 of 4
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
Not applicable.
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: March 3, 2004
By: /s/ Martin Anderson
____________________________________________
Name: Martin Anderson