1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1) JO-ANN STORES, INC. ------------------- (NAME OF ISSUER) CLASS A COMMON STOCK -------------------- (TITLE OF CLASS OF SECURITIES) 47758P109 --------- (CUSIP NUMBER) 12/31/00 -------- (DATE) CHECK THE FOLLOWING BOX IF FEE IS BEING PAID WITH THIS STATEMENT ----------------------------------------------------- 2 CUSIP NO. 47758P109 ---------------------- -------------------------------------------------------------------------------- 1) Names of Reporting Persons I.R.S. No. 31-0738296 S.S. or I.R.S. Identification Nos. of BANK ONE CORPORATION Above Persons -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (a) ___________________ (See Instructions) (b) ___________________ -------------------------------------------------------------------------------- 3) SEC Use only -------------------------------------------------------------------------------- 4) Citizenship or Place of Organization ILLINOIS -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 7,500 ------------------ Beneficially (6) Shared Voting Power 0 ------------------ Owned by (7) Sole Dispositive Power 500 ------------------ Each Reporting (8) Shared Dispositive Power 7,000 ------------------ Person with -------------------------------------------------------------------------------- 9) Aggregate Amount Beneficially 7,500 Owned by Each Reporting Person ------------------ -------------------------------------------------------------------------------- 10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) -------------------------------------------------------------------------------- 11) Percent of Class Represented by Amount in Row 9 0.1% ------------------ -------------------------------------------------------------------------------- 12) Type of Reporting Person (See Instructions) HC ------------------ 3 -------------------------------------------------------------------------------- SEC 13G SECURITIES AND EXCHANGE COMMISSION SCHEDULE 13G Amendment No. 1 Item 1(a) Name of Issuer: Jo-Ann Stores, Inc. ---------------------------------------------- Item 1(b) Address of Issuer's principal executive offices: 5555 Darrow Road ---------------------------------------------- Hudson, OH 44236 ---------------------------------------------- ---------------------------------------------- Item 2(a) Name of person filing: BANK ONE CORPORATION Item 2(b) Address of principal business office or, One First National Plaza if none residence: Chicago, IL 60670 Item 2(c) Citizenship: Not Applicable ------------------------------------------------------- Item 2(d) Title of class of securities: Class A Common Stock ------------------------------------------------------- Item 2(e) CUSIP No.: 47758P109 ------------------------------------------------------- Item 3. This statement is filed pursuant to Rule 13d-2. Item 4. Ownership This beneficial ownership by BANK ONE CORPORATION with respect to common shares of Jo-Ann Stores, Inc. : ------------------------------------------------------- (a) Amount beneficially owned: 7,500 ------------------------------------------------------- (b) Percent of class 0.1% ------------------------------------------------------- (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 7,500 ----------------------------- (ii) Shared power to vote or to direct the vote: 0 ----------------------------- (iii) Sole power to dispose or to direct the disposition of: 500 ----------------------------- (iv) Shared power to dispose or to direct the disposition of: 7,000 ----------------------------- 4 Item 5. Ownership of 5 percent or less of a Class. [X] ----------------------------- Item 6. Ownership of More than 5 percent on Behalf of Another Person. N/A ----------------------------- Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. ----------------------------- American National Bank Bank One Trust Company, N.A. The One Group Item 8. Identification and Classification of Members of the Group. N/A ----------------------------- Item 9. Notice of Dissolution of Group. N/A ----------------------------- Item 10. Certification. 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. Dated: August 29, 2001 ------------------------------------------------------------- BANK ONE CORPORATION By: /s/ DAVID J. KUNDERT David J. Kundert EXECUTIVE VICE PRESIDENT