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


                                  SCHEDULE 13G

                   Under the Securities Exchange Act of 1934*

                                (Amendment No. 2)

                           Range Resources Corporation
                           ---------------------------
                                (Name of Issuer)

                 $2.03 Convertible Exchangeable Preferred Stock
                 ----------------------------------------------
                         (Title of Class of Securities)

                                    541509402
                                    ---------
                                 (CUSIP Number)

                                December 31, 2002
                                -----------------
             (Date of Event Which Requires Filing of this Statement)

           Check the appropriate box to designate the rule pursuant to
                          which this Schedule is filed:

                                [X] Rule 13d-1(b)
                                [ ] Rule 13d-1(c)
                                [ ] 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 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 ("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).





- --------------------                                          ------------------
CUSIP No.  541509402                   13G                    Page 2 of 13 Pages
- --------------------                                          ------------------

- ---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Forest Investment Management, LLC
- ---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) [ ]

                                                                         (b) [X]

- ---------- ---------------------------------------------------------------------
        3  SEC USE ONLY

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

           Delaware
- -------------------- ------ ----------------------------------------------------
                         5  SOLE VOTING POWER

                            0
                     ------ ----------------------------------------------------
     NUMBER OF           6  SHARED VOTING POWER
      SHARES
   BENEFICIALLY             0
     OWNED BY
       EACH          ------ ----------------------------------------------------
     REPORTING           7  SOLE DISPOSITIVE POWER
      PERSON
       WITH                 0

                     ------ ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            0
- ---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           0
- ---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

           N/A
- ---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

           0.0%
- ---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           IA
- ---------- ---------------------------------------------------------------------

                      *SEE INSTRUCTION BEFORE FILLING OUT!


                                      -2-




- --------------------                                          ------------------
CUSIP No.  541509402                   13G                    Page 3 of 13 Pages
- --------------------                                          ------------------

- ---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Forest Partners II, L.P.
- ---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) [ ]

                                                                         (b) [X]

- ---------- ---------------------------------------------------------------------
        3  SEC USE ONLY

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

           Delaware
- -------------------- ------ ----------------------------------------------------
                         5  SOLE VOTING POWER

                            0
                     ------ ----------------------------------------------------
     NUMBER OF           6  SHARED VOTING POWER
      SHARES
   BENEFICIALLY             0
     OWNED BY
       EACH          ------ ----------------------------------------------------
     REPORTING           7  SOLE DISPOSITIVE POWER
      PERSON
       WITH                 0

                     ------ ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            0
- ---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           0
- ---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

           N/A
- ---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

           0.0%
- ---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           PN
- ---------- ---------------------------------------------------------------------

                      *SEE INSTRUCTION BEFORE FILLING OUT!


                                      -3-




- --------------------                                          ------------------
CUSIP No.  541509402                   13G                    Page 4 of 13 Pages
- --------------------                                          ------------------

- ---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Michael A. Boyd, Inc.
- ---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) [ ]

                                                                         (b) [X]

- ---------- ---------------------------------------------------------------------
        3  SEC USE ONLY

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

           Connecticut
- -------------------- ------ ----------------------------------------------------
                         5  SOLE VOTING POWER

                            0
                     ------ ----------------------------------------------------
     NUMBER OF           6  SHARED VOTING POWER
      SHARES
   BENEFICIALLY             0
     OWNED BY
       EACH          ------ ----------------------------------------------------
     REPORTING           7  SOLE DISPOSITIVE POWER
      PERSON
       WITH                 0

                     ------ ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            0
- ---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           0
- ---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

           N/A
- ---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

           0.0%
- ---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           CO
- ---------- ---------------------------------------------------------------------

                      *SEE INSTRUCTION BEFORE FILLING OUT!


                                      -4-




- --------------------                                          ------------------
CUSIP No.  541509402                   13G                    Page 5 of 13 Pages
- --------------------                                          ------------------

- ---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Michael A. Boyd
- ---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) [ ]

                                                                         (b) [X]

- ---------- ---------------------------------------------------------------------
        3  SEC USE ONLY

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

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

                            0
                     ------ ----------------------------------------------------
     NUMBER OF           6  SHARED VOTING POWER
      SHARES
   BENEFICIALLY             0
     OWNED BY
       EACH          ------ ----------------------------------------------------
     REPORTING           7  SOLE DISPOSITIVE POWER
      PERSON
       WITH                 0

                     ------ ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            0
- ---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           0
- ---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

           N/A
- ---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

           0.0%
- ---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

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

                      *SEE INSTRUCTION BEFORE FILLING OUT!


                                      -5-




This Amendment No. 2 on Schedule 13G (this "Amendment No. 2") amends,
supplements and restates the Amendment No. 1 to Schedule 13G which was filed on
February 8, 2000 ("Amendment No. 1") with respect to the $2.03 Convertible
Exchangeable Preferred Stock ("Preferred Stock") of Range Resources Corporation,
a Delaware corporation (the "Company"). Beneficial ownership of the Common Stock
is reported herein as of the date of the event which requires filing of this
Amendment No. 2.


Item 1(a):          Name of Issuer:
- ---------           --------------

                    Range Resources Corporation (the "Company").

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

                    777 Main Street
                    Fort Worth, Texas 76102

Items 2(a)          Name of Person Filing; Address of Principal
- ----------          -------------------------------------------
and 2(b):           Business Office:
- --------            ---------------

                    This statement is filed by and on behalf of Forest
                    Investment Management, LLC, a Delaware limited liability
                    company and registered investment adviser ("Forest
                    Management"), Forest Partners II, L.P., a Delaware limited
                    partnership ("Forest Partners"), Michael A. Boyd, Inc., a
                    Delaware corporation ("Boyd"), Mr. Michael A. Boyd ("Mr.
                    Boyd" and, together with Forest Management, Forest Partners
                    and Boyd, the "Reporting Persons"). Mr. Boyd serves as
                    president and sole shareholder of Boyd. Boyd serves as
                    general partner of Forest Partners. Forest Partners is sole
                    owner and managing member of Forest Management. Forest
                    Management serves as investment adviser to advised accounts
                    which directly own shares of Preferred Stock (the "Advised
                    Accounts"). Forest Management has dispositive control over
                    all shares of Preferred Stock held by the Advised Accounts
                    and voting control over in excess of a majority of such
                    shares. By virtue of the foregoing relationships, Forest
                    Management, Forest Partners, Boyd and Mr. Boyd may be deemed
                    to have beneficial ownership over the shares of Preferred
                    Stock held directly by the Advised Accounts.

                    The principal business address of each Reporting Person is
                    53 Forest Avenue, Old Greenwich, Connecticut 06870.


                                      -6-




Item 2(c):          Citizenship:
- ---------           -----------

                    Forest Management is a Delaware limited liability company.
                    Forest Partners is a Delaware limited partnership.
                    Boyd is a Connecticut corporation.
                    Mr. Boyd is a United States citizen.

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

                    $2.03 Convertible Exchangeable Preferred Stock

Item 2(e):          CUSIP Number:
- ---------           ------------

                    541509402

Item 3:             If this statement is filed pursuant to Rules 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 of 1940;
          (e)  [X]  Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)
                    (E) (corresponds to Forest Management);
          (f)  [ ]  Employee Benefit Plan or Endowment Fund in accordance with
                    13d-1(b)(1)(ii)(F);
          (g)  [X]  Parent Holding Company or control person in accordance with
                    Rule 13d-1(b)(1)(ii)(G) (corresponds to Forest Partners,
                    Boyd and Mr. Boyd);
          (h)  [ ]  Savings Association as defined in Section 3(b) of the
                    Federal Deposit Insurance Act;
          (i)  [ ]  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 Rule 13d-1(b)(1)(ii)(J).


                                      -7-




Items 4(a)-(c):     Ownership:
- --------------      ---------

                    As of the date of this statement:

                    FOREST INVESTMENT MANAGEMENT, LLC
                    ---------------------------------

                    (a) Amount beneficially owned. Forest Management may be
                    deemed to beneficially own, within the meaning of Rule 13d-1
                    of the Securities Exchange Act of 1934, 0 shares of
                    Preferred Stock held directly by the Advised Accounts.

                    (b) Percent of Class. The 0 shares of Preferred Stock
                    beneficially owned by Forest Management represent 0.0% of
                    the total outstanding amount of Preferred Stock. This
                    percentage and the other percentages set forth in this
                    Amendment No. 2 are based on a total 0 shares of Preferred
                    Stock outstanding as of November 8, 2002, as reflected in
                    the Company's Quarterly Report on Form 10-Q for the quarter
                    ended September 30, 2002.

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

                    (i)   Sole power to vote or to direct the vote: 0
                    (ii)  Shared power to vote or to direct the vote: 0
                    (iii) Sole power to dispose or to direct the disposition of:
                          0
                    (iv)  Shared power to dispose or to direct the disposition
                          of: 0

                    FOREST PARTNERS II, L.P.
                    ------------------------

                    (a) Amount beneficially owned. Forest Partners may be deemed
                    to have beneficial ownership over the shares of Preferred
                    Stock beneficially owned by Forest Management by virtue of
                    its position as managing member of Forest Management.
                    Therefore, Forest Partners may be deemed to have beneficial
                    ownership of 0 shares of Preferred Stock.

                    (b) Percent of Class. The 0 shares of Preferred Stock
                    beneficially owned by Forest Partners represent 0.0% of the
                    total outstanding amount of Preferred Stock.

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

                    (i)   Sole power to vote or to direct the vote: 0
                    (ii)  Shared power to vote or to direct the vote: 0
                    (iii) Sole power to dispose or to direct the disposition of:
                          0


                                      -8-




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

                    MICHAEL A. BOYD, INC.
                    ---------------------

                    (a) Amount beneficially owned. Boyd may be deemed to have
                    beneficial ownership over the shares of Preferred Stock
                    beneficially owned by Forest Partners by virtue of its
                    position as general partner of Forest Partners. Therefore,
                    Boyd may be deemed to have beneficial ownership of 0 shares
                    of Preferred Stock.

                    (b) Percent of Class. The 0 shares of Preferred Stock
                    beneficially owned by Boyd represent 0.0% of the total
                    outstanding amount of Preferred Stock.

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

                    (i)   Sole power to vote or to direct the vote: 0
                    (ii)  Shared power to vote or to direct the vote: 0
                    (iii) Sole power to dispose or to direct the disposition of:
                          0
                    (iv)  Shared power to dispose or to direct the disposition
                          of: 0

                    MICHAEL A. BOYD
                    ---------------

                    (a) Amount beneficially owned. Mr. Boyd may be deemed to
                    have beneficial ownership over the shares of Preferred Stock
                    beneficially owned by Boyd by virtue of his position as
                    president and sole shareholder of Boyd. Therefore, Mr. Boyd
                    may be deemed to have beneficial ownership of 0 shares of
                    Preferred Stock.

                    (b) Percent of Class. The 0 shares of Preferred Stock
                    beneficially owned by Mr. Boyd represent 0.0% of the total
                    outstanding amount of Preferred Stock.

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

                    (i)   Sole power to vote or to direct the vote: 0
                    (ii)  Shared power to vote or to direct the vote: 0
                    (iii) Sole power to dispose or to direct the disposition of:
                          0
                    (iv)  Shared power to dispose or to direct the disposition
                          of: 0


                                      -9-




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]

                    In addition, Founders Financial Group, L.P., a Delaware
                    limited partnership ("Founders Financial"), which was listed
                    as a reporting person in Amendment No. 1, is no longer a
                    Reporting Person. Founders Financial, which previously had a
                    controlling interest in Forest Management, sold such
                    interest to Forest Partners in June, 2001, and as such is
                    not included in this Amendment No. 2.

Item 6:             Ownership of More than Five Percent on Behalf of Another
- ------              --------------------------------------------------------
                    Person:
                    ------

                    Other than as set forth herein, no person is known to have
                    the right to receive or the power to direct the receipt of
                    dividends from, or proceeds from the sale of, in excess of
                    5% of the outstanding Preferred Stock. None of the Advised
                    Accounts has an ownership interest equal to or greater than
                    5% of the total outstanding Preferred Stock.

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.


                                      -10-




Item 10:            Certification:
- -------             -------------

                    By signing below each of the undersigned certifies that, to
                    the best of the undersigned's 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.


                                      -11-





                                    SIGNATURE
                                    ---------

     After reasonable inquiry and to the best of the undersigned's knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.

Dated: February 12, 2003

FOREST INVESTMENT MANAGEMENT, LLC       FOREST PARTNERS II, L.P.

By: Forest Partners II, L.P.,           By: Michael A. Boyd, Inc.,
    managing member                         general partner

By: Michael A. Boyd, Inc.,              By: /s/ Michael A. Boyd
    general partner                         ------------------------------
                                            Michael A. Boyd
                                            President
By: /s/ Michael A. Boyd
    ------------------------------
    Michael A. Boyd
    President

                                        /s/ Michael A. Boyd
MICHAEL A. BOYD, INC.                   ------------------------------
                                        Michael A. Boyd
By: /s/ Michael A. Boyd
    ------------------------------
    Michael A. Boyd
    President




                               [SIGNATURE PAGE TO
                 AMENDMENT NO. 2 TO SCHEDULE 13G WITH RESPECT TO
                          RANGE RESOURCES CORPORATION]





                                  EXHIBIT INDEX
                                  -------------


Exhibit 99.1:  Joint Filing Agreement, dated February 12, 2003, by and among
               Forest Investment Management, LLC, Forest Partners II, L.P.,
               Michael A. Boyd, Inc. and Michael A. Boyd.


                                                                    Exhibit 99.1
                                                                    ------------
                             JOINT FILING AGREEMENT
                          PURSUANT TO RULE 13d-1(k)(1)
                          ----------------------------

     The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
filing agreements. The undersigned acknowledge that each shall be responsible
for the timely filing of such amendments, and for the completeness and accuracy
of the information concerning it contained therein, but shall not be responsible
for the completeness and accuracy of the information concerning the others,
except to the extent that it knows or has reason to believe that such
information is inaccurate. This Agreement may be executed in any number of
counterparts and all of such counterparts taken together shall constitute one
and the same instrument.

Dated: February 12, 2003

FOREST INVESTMENT MANAGEMENT, LLC       FOREST PARTNERS II, L.P.

By: Forest Partners II, L.P.,           By: Michael A. Boyd, Inc.,
    managing member                         general partner

By: Michael A. Boyd, Inc.,              By: /s/ Michael A. Boyd
    general partner                         ------------------------------
                                            Michael A. Boyd
                                            President
By: /s/ Michael A. Boyd
    ------------------------------
    Michael A. Boyd
    President

                                        /s/ Michael A. Boyd
MICHAEL A. BOYD, INC.                   ------------------------------
                                        Michael A. Boyd
By: /s/ Michael A. Boyd
    ------------------------------
    Michael A. Boyd
    President