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


                                  SCHEDULE 13G
                    Under the Securities Exchange Act of 1934
                                 Amendment No. 2



                           Manhattan Associates, Inc.
-------------------------------------------------------------------------------
                                (Name of Issuer)



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


                                    562750109
                  --------------------------------------------
                                 (CUSIP Number)





                                December 31, 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)



                               Page 1 of 11 pages


-----------------------
  CUSIP No. 562750109                   13G
-----------------------

------------------------------------------------------------------------------
 1.   Name of Reporting Person
      I.R.S. Identification No. of above Person

           Goldman Sachs Asset Management, L.P.

------------------------------------------------------------------------------
 2.   Check the Appropriate Box if a Member of a Group
                                                                (a) [_]
                                                                (b) [_]

------------------------------------------------------------------------------
 3.   SEC Use Only



------------------------------------------------------------------------------
 4.   Citizenship or Place of Organization

           Delaware

------------------------------------------------------------------------------
                     5.   Sole Voting Power

     Number of                 554,785

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially
                               945,612
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power

    Reporting                  554,785

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:
                               945,612

------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person

           1,500,397

------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           5.0%

------------------------------------------------------------------------------
12.   Type of Reporting Person

           IA

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



                               Page 2 of 11 pages


-----------------------
  CUSIP No. 562750109                   13G
-----------------------

------------------------------------------------------------------------------
 1.   Name of Reporting Person
      I.R.S. Identification No. of above Person

           Goldman Sachs 2002 Exchange Place Fund, L.P.

------------------------------------------------------------------------------
 2.   Check the Appropriate Box if a Member of a Group
                                                                (a) [_]
                                                                (b) [_]

------------------------------------------------------------------------------
 3.   SEC Use Only



------------------------------------------------------------------------------
 4.   Citizenship or Place of Organization

           Delaware

------------------------------------------------------------------------------
                     5.   Sole Voting Power

     Number of                 0

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially
                               575,515
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power

    Reporting                  0

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:
                               575,515

------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person

           575,515

------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           1.9%

------------------------------------------------------------------------------
12.   Type of Reporting Person

           PN

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



                               Page 3 of 11 pages


-----------------------
  CUSIP No. 562750109                   13G
-----------------------

------------------------------------------------------------------------------
 1.   Name of Reporting Person
      I.R.S. Identification No. of above Person

           Goldman Sachs 2001 Exchange Place Fund, L.P.

------------------------------------------------------------------------------
 2.   Check the Appropriate Box if a Member of a Group
                                                                (a) [_]
                                                                (b) [_]

------------------------------------------------------------------------------
 3.   SEC Use Only



------------------------------------------------------------------------------
 4.   Citizenship or Place of Organization

           Delaware

------------------------------------------------------------------------------
                     5.   Sole Voting Power

     Number of                 0

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially
                               370,097
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power

    Reporting                  0

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:
                               370,097

------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person

           370,097

------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           1.2%

------------------------------------------------------------------------------
12.   Type of Reporting Person

           PN

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



                               Page 4 of 11 pages


-----------------------
  CUSIP No. 562750109                   13G
-----------------------

------------------------------------------------------------------------------
 1.   Name of Reporting Person
      I.R.S. Identification No. of above Person

           Goldman Sachs 2002 Exchange Fund Advisors, L.L.C.

------------------------------------------------------------------------------
 2.   Check the Appropriate Box if a Member of a Group
                                                                (a) [_]
                                                                (b) [_]

------------------------------------------------------------------------------
 3.   SEC Use Only



------------------------------------------------------------------------------
 4.   Citizenship or Place of Organization

           Delaware

------------------------------------------------------------------------------
                     5.   Sole Voting Power

     Number of                 0

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially
                               575,515
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power

    Reporting                  0

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:
                               575,515

------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person

           575,515

------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           1.9%

------------------------------------------------------------------------------
12.   Type of Reporting Person

           OO

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



                               Page 5 of 11 pages


-----------------------
  CUSIP No. 562750109                   13G
-----------------------

------------------------------------------------------------------------------
 1.   Name of Reporting Person
      I.R.S. Identification No. of above Person

           Goldman Sachs Management Partners, L.P.

------------------------------------------------------------------------------
 2.   Check the Appropriate Box if a Member of a Group
                                                                (a) [_]
                                                                (b) [_]

------------------------------------------------------------------------------
 3.   SEC Use Only



------------------------------------------------------------------------------
 4.   Citizenship or Place of Organization

           Delaware

------------------------------------------------------------------------------
                     5.   Sole Voting Power

     Number of                 0

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially
                               370,097
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power

    Reporting                  0

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:
                               370,097

------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person

           370,097

------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           1.2%

------------------------------------------------------------------------------
12.   Type of Reporting Person

           PN

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



                               Page 6 of 11 pages


Item 2(a).         Name of Persons Filing:
                   Goldman  Sachs  Asset  Management,  L.P.,  Goldman Sachs 2002
                   Exchange Place Fund, L.P.,  Goldman Sachs 2001 Exchange Place
                   Fund, L.P., Goldman Sachs 2002 Exchange Fund Advisors, L.L.C.
                   and Goldman Sachs Management Partners, L.P.

Item 2(b).         Address of Principal Business Office or,  if none, Residence:
                   Goldman Sachs  2001 Exchange  Place  Fund, L.P.  and  Goldman
                   Sachs Management Partners, L.P. -
                   85 Broad Street
                   New York, NY  10004

                   Goldman  Sachs  Asset  Management,  L.P.,  Goldman Sachs 2002
                   Exchange Place Fund, L.P.  and  Goldman Sachs  2002  Exchange
                   Fund Advisors, L.L.C. -
                   32 Old Slip
                   New York, NY  10005

Item 2(c).         Citizenship:
                   Goldman Sachs Asset Management, L.P. - Delaware
                   Goldman Sachs 2002 Exchange Place Fund, L.P.- Delaware
                   Goldman Sachs 2001 Exchange Place Fund, L.P.- Delaware
                   Goldman Sachs 2002 Exchange Fund Advisors, L.L.C. - Delaware
                   Goldman Sachs Management Partners, L.P. - Delaware

Item 4.            Ownership.(1)(2)

          (a).     Amount beneficially owned:
                   See the response(s) to Item  9 on the attached cover page(s).

          (b).     Percent of Class:
                   See the response(s) to Item 11 on the attached cover page(s).

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

                   (i).     Sole power to  vote or to direct  the vote:  See the
                            response(s) to Item 5 on the attached cover page(s).

                   (ii).    Shared power to vote or to direct the vote:  See the
                            response(s) to Item 6 on the attached cover page(s).

                   (iii).   Sole power to  dispose or to direct  the disposition
                            of:  See the response(s) to  Item 7  on the attached
                            cover page(s).

                   (iv).    Shared power to dispose or to direct the disposition
                            of:  See the response(s) to  Item 8  on the attached
                            cover page(s).

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.

--------------------------
     (1) In accordance with Securities and Exchange  Commission  ("SEC") Release
No.   34-39538   (January  12,  1998),   this  filing  reflects  the  securities
beneficially owned by Goldman Sachs Asset Management, L.P. ("GSAM LP"). GSAM LP,
an investment advisor, disclaims beneficial ownership of any securities managed,
on GSAM LP's behalf, by third parties.

     (2) This  statement  amends the  statement on Schedule 13G as most recently
amended by  Amendment  No. 1 thereto  filed with the SEC on February 12, 2003 by
Goldman Sachs Asset Management ("GSAM"), a separate business unit of The Goldman
Sachs Group, Inc.  Beginning on or about April 26, 2003, GSAM LP assumed all, or
substantially all of the rights and  responsibilities of GSAM under the terms of
its advisory agreements.  The full assumption is expected to be completed by the
close of the first quarter of 2004.



                               Page 7 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.


Date:  February 13, 2004


                              GOLDMAN SACHS ASSET MANAGEMENT, L.P.

                              By: /s/ Roger S. Begelman
                                 ----------------------------------------
                              Name:   Roger S. Begelman
                              Title:  Attorney-in-fact


                              GOLDMAN SACHS 2002 EXCHANGE PLACE FUND, L.P.

                              By: /s/ Roger S. Begelman
                                 ----------------------------------------
                              Name:   Roger S. Begelman
                              Title:  Attorney-in-fact


                              GOLDMAN SACHS 2001 EXCHANGE PLACE FUND, L.P.

                              By: /s/ Roger S. Begelman
                                 ----------------------------------------
                              Name:   Roger S. Begelman
                              Title:  Attorney-in-fact


                              GOLDMAN SACHS 2002 EXCHANGE FUND ADVISORS, L.L.C.

                              By: /s/ Roger S. Begelman
                                 ----------------------------------------
                              Name:   Roger S. Begelman
                              Title:  Attorney-in-fact


                              GOLDMAN SACHS MANAGEMENT PARTNERS, L.P.

                              By: /s/ Roger S. Begelman
                                 ----------------------------------------
                              Name:   Roger S. Begelman
                              Title:  Attorney-in-fact



                               Page 8 of 11 pages




                                INDEX TO EXHIBITS



Exhibit No.   Exhibit
-----------   -------

99.1          Joint Filing Agreement,  dated February 13, 2004,  between Goldman
              Sachs Asset Management, L.P.,  Goldman Sachs  2002 Exchange  Place
              Fund, L.P., Goldman Sachs 2001 Exchange Place Fund, L.P.,  Goldman
              Sachs  2002  Exchange  Fund  Advisors,  L.L.C.  and  Goldman Sachs
              Management Partners, L.P.

99.2          Power of Attorney,  dated November 19, 2003,  relating to  Goldman
              Sachs Asset Management, L.P.



                               Page 9 of 11 pages



                                                                  Exhibit (99.1)



                             JOINT FILING AGREEMENT



     In  accordance  with Rule  13d-1(k)(1)  promulgated  under  the  Securities
Exchange Act of 1934, the  undersigned  agree to the joint filing of a Statement
on Schedule 13G (including  any and all amendments  thereto) with respect to the
Common Stock, $0.01 par value, of  Manhattan Associates, Inc., and further agree
to the filing of this agreement as an Exhibit thereto.  In addition,  each party
to this  Agreement  expressly  authorizes  each other party to this Agreement to
file on its  behalf any and all  amendments to such  Statement on  Schedule 13G.


Date:  February 13, 2004


                              GOLDMAN SACHS ASSET MANAGEMENT, L.P.

                              By: /s/ Roger S. Begelman
                                 ----------------------------------------
                              Name:   Roger S. Begelman
                              Title:  Attorney-in-fact


                              GOLDMAN SACHS 2002 EXCHANGE PLACE FUND, L.P.

                              By: /s/ Roger S. Begelman
                                 ----------------------------------------
                              Name:   Roger S. Begelman
                              Title:  Attorney-in-fact


                              GOLDMAN SACHS 2001 EXCHANGE PLACE FUND, L.P.

                              By: /s/ Roger S. Begelman
                                 ----------------------------------------
                              Name:   Roger S. Begelman
                              Title:  Attorney-in-fact


                              GOLDMAN SACHS 2002 EXCHANGE FUND ADVISORS, L.L.C.

                              By: /s/ Roger S. Begelman
                                 ----------------------------------------
                              Name:   Roger S. Begelman
                              Title:  Attorney-in-fact


                              GOLDMAN SACHS MANAGEMENT PARTNERS, L.P.

                              By: /s/ Roger S. Begelman
                                 ----------------------------------------
                              Name:   Roger S. Begelman
                              Title:  Attorney-in-fact



                               Page 10 of 11 pages



                                                                  Exhibit (99.2)



                                POWER OF ATTORNEY


     KNOW ALL PERSONS BY THESE  PRESENTS  that GOLDMAN  SACHS ASSET  MANAGEMENT,
L.P. (the "Company")  does hereby make,  constitute and appoint each of Roger S.
Begelman, Edward T. Joel, Saskia Brookfield Martin and Ted Chang, (and any other
employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in
writing  by one of the  attorneys-in-fact),  acting  individually,  its true and
lawful  attorney,  to execute and deliver in its name and on its behalf  whether
the Company is acting  individually or as representative of others,  any and all
filings required to be made by the Company under the Securities  Exchange Act of
1934, (as amended, the "Act"), with respect to securities which may be deemed to
be  beneficially  owned by the Company  under the Act,  giving and granting unto
each said  attorney-in-fact  power and authority to act in the premises as fully
and to all intents and purposes as the Company  might or could do if  personally
present by one of its authorized  signatories,  hereby  ratifying and confirming
all that said  attorney-in-fact  shall lawfully do or cause to be done by virtue
hereof.

     THIS POWER OF ATTORNEY  shall  remain in full force and effect until either
revoked  in  writing  by the  undersigned  or until  such time as the  person or
persons to whom power of  attorney  has been  hereby  granted  cease(s) to be an
employee of The Goldman Sachs Group, Inc. or one of its affiliates.

     IN WITNESS  WHEREOF,  the undersigned has duly subscribed these presents as
of November 19th, 2003.


GOLDMAN SACHS ASSET MANAGEMENT, L.P.


By:/s/ Howard Surloff
----------------------------
Name:  Howard Surloff
Title: Managing Director



                               Page 11 of 11 pages