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


                                  SCHEDULE 13G



                    Under the Securities Exchange Act of 1934
                                (Amendment No.2)


                           MICROSTRATEGY INCORPORATED
--------------------------------------------------------------------------------
                                (Name of Issuer)

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

                                   594972 10 1
--------------------------------------------------------------------------------
                                 (CUSIP Number)

                               December 31, 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)


*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 the
disclosures provided in a prior cover page.

The information required in 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 following pages)


                               Pages 1 of 6 Pages


===============================================================================

  CUSIP NO. 594972 10 1
           ------------
------------------------------------------------------------------------------
 1    NAMES OF REPORTING PERSONS.
      I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

      Sanju K. Bansal
 ------------------------------------------------------------------------------
 2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
                                                                (a) [_]
                                                                (b) [X]
------------------------------------------------------------------------------
 3    SEC USE ONLY


------------------------------------------------------------------------------
 4    CITIZENSHIP OR PLACE OF ORGANIZATION

      United States
------------------------------------------------------------------------------
                     5    SOLE VOTING POWER

      NUMBER OF           8,640,958
       SHARES         ---------------------------------------------------------
                     6    SHARED VOTING POWER
     BENEFICIALLY
      OWNED BY
                     ---------------------------------------------------------
        EACH         7    SOLE DISPOSITIVE POWER
      REPORTING
                          8,640,958
                     ---------------------------------------------------------
       PERSON        8    SHARED DISPOSITIVE POWER
        WITH

------------------------------------------------------------------------------
 9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      8,640,958
------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
      (SEE INSTRUCTIONS)
                                                                    [_]
------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

      23.13%
------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

      IN
------------------------------------------------------------------------------


                               Page 2 of 6 Pages


Item 1(a).       Name of Issuer:

                 MicroStrategy Incorporated


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

                 8000 Towers Crescent Drive
                 Vienna, VA 22181


Item 2(a).       Name of Person Filing:

                 Sanju K. Bansal


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

                 8000 Towers Crescent Drive
                 Vienna, VA 22181


Item 2(c).       Citizenship:

                 United States


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

                 Class A Common Stock


Item 2(e).       CUSIP Number:

                 594972 10 1

Item 3.          If this statement is filed pursuant to (S)(S)240.13d-1(b) or
                 240.13d-2(b) or (c), check whether the person filing is a:

      (a)  [ ]   Broker or dealer registered under section 15 of the Act 15
                 U.S.C. 78o).
      (b)  [ ]   Bank as defined in section 3(a)(6) of the Act
                 (15 U.S.C. 78c).
      (c)  [ ]   Insurance company as defined in section 3(a)(19) of the Act
                 (15 U.S.C. 78c).
      (d)  [ ]   Investment company registered under section 8 of the
                 Investment Company Act of 1940 (15 U.S.C. 80a-8).


                                Page 3 of 6 Pages


      (e)  [ ]   An investment advisor in accordance with
                 (S)240.13d-1(b)(1)(ii) (E);
      (f)  [ ]   An employee benefit plan or endowment fund in accordance
                 with (S)240.13d-1(b)(1)(ii)(F);
      (g)  [ ]   A parent holding company or control person in accordance
                 with (S)240.13d-1(b)(1)(ii)(G);
      (h)  [ ]   A savings association as defined in Section 3(b) of the
                 Federal Deposit Insurance Act (12 U.S.C. 1813);
      (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 (15 U.S.C. 80a-3);
      (j)  [X]   Group, in accordance with (S)240.13d-1(b)(1)(ii)(J).

  If this statement is filed pursuant to Rule 13d-1(e), check this box. [ ]

Item 4.    Ownership:

           (a)   Amount Beneficially Owned: 8,640,958

           (b)   Percent of Class:                23.13%

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

                 (i)   sole power to vote or to direct the vote:     8,640,958
                 (ii)  shared power to vote or to direct the vote:
                 (iii) sole power to dispose or to direct the
                       disposition of:                               8,640,958
                 (iv)  shared power to dispose or to direct the disposition of:

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

           Not applicable


Item 6.    Ownership of More Than Five Percent on Behalf of Another Person:

           Not applicable


                                Page 4 of 6 Pages


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

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:    February 15, 2001          /s/ Sanju K. Bansal
                                    -----------------------------------------
                                    Sanju K. Bansal


                                    Shangri-La LLC

                                    by:  /s/ Sanju K. Bansal
                                    -----------------------------------------
                                    Sanju K. Bansal, Sole Member

                                    Sanju K. Bansal Qualified Annuity Trust #1

                                    by:  /s/ Sanju K. Bansal
                                    ------------------------------------------
                                    Sanju K. Bansal, Trustee

                                    Sanju K. Bansal Qualified Annuity Trust #2

                                    by:  /s/ Sanju K. Bansal
                                    ------------------------------------------
                                    Sanju K. Bansal, Trustee


                                Page 5 of 6 Pages


                               Exhibit 1


                          IDENTITY OF MEMBERS OF GROUP

Sanju K. Bansal is the record holder of 16,954 shares of Class B Common Stock of
MicroStrategy Incorporated ("Class B Common Stock"), Shangri-La LLC, a Delaware
limited liability company, is the record holder of 8,165,958 shares of Class B
Common Stock and 19,000 shares of Class A Common Stock of MicroStrategy
Incorporated ("Class A Common Stock"), the Sanjeev K. Bansal Qualified Annuity
Trust #1 is the record holder of 56,000 shares of Class B Common Stock and the
Sanjeev K. Bansal Qualified Annuity Trust #2 is the record holder of 383,046
shares of Class B Common Stock. Class B Common Stock is convertible at any time
at the option of the holder into Class A common Stock of MicroStrategy
Incorporated on a one-for-one basis. Sanju K. Bansal is the sole member of
Shangri-La LLC and the sole trustee of the Sanjeev K. Bansal Qualified Annuity
Trust #1 and the Sanjeev K. Bansal Qualified Annuity Trust #2.  Accordingly,
Mr. Bansal is the beneficial owner of the shares of Class A Common Stock and
Class B Common Stock held of record by Shangri-La LLC and the shares of Class B
Common Stock held of record by the Sanjeev K. Bansal Qualified Annuity Trust #1
and the Sanjeev K. Bansal Qualified Annuity Trust #2.



                                Page 6 of 6 Pages