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


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934
                               (Amendment No. 3)*

                           Mercer International, Inc.
                                (Name of Issuer)

                                  COMMON STOCK
                         (Title of Class of Securities)

                                    588056101
                                 (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:

                                            |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 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).





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

                  EIN 23-2856392
                  Schneider Capital Management Corporation

2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)      |_|
(b)      |_|

3.       SEC USE ONLY

4.       CITIZENSHIP OR PLACE OF ORGANIZATION
                  PENNSYLVANIA

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5.       SOLE VOTING POWER
                  668,600

6.       SHARED VOTING POWER
                  None

7.       SOLE DISPOSITIVE POWER
                  1,337,900

8.       SHARED DISPOSITIVE POWER
                  None

9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                  1,337,900

10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
         SHARES  |_|

11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
                  8.0%

12.      TYPE OF REPORTING PERSON
                  IA





                              GENERAL INSTRUCTIONS

Item 1.

(a)      Name of Issuer
                           Mercer International, Inc.


(b)      Address of Issuer's Principal Executive Offices

                           Burglistrasse 6
                           Zurich, Switzerland

Item 2.

(a)      Name of Person Filing
                           SCHNEIDER CAPITAL MANAGEMENT CORPORATION

(b)      Address of Principal Business Office or, if none, Residence
                           460 E. Swedesford Rd., Suite 1080
                           Wayne, PA  19087

(c)      Citizenship
                           UNITED STATES

(d)      Title of Class of Securities
                           COMMON STOCK

(e)      CUSIP Number
                           588056101

Item 3. If this statement is filed pursuant to ss.ss.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

(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| An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E)

(f)  |_|  An   employee   benefit   plan  or   endowment   fund  in   accordance
     with ss.ss.240.13d-1(b)(1)(ii)(F)

(g)  |_|  A  parent  holding   company,   in  accordance   with   ss.ss.240.13d-
     1(b)(1)(ii)(G)

(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.ss.240.13d-1(b)(1)(ii)(H)







Item 4.  Ownership.

(a)      Amount Beneficially Owned
                           1,337,900

(b)      Percent of Class
                           8.0%

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

(i)      sole power to vote or to direct the vote
                                    668,600
(ii)     shared power to vote or to direct the vote
                                    None
(iii)    sole power to dispose or to direct the disposition of
                                    1,337,900
(iv)     shared power to dispose or to direct the disposition of
                                    None

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 |_|.

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.
                           None

Item 7.  Identification and Classification of the Subsidiary Which Acquired the
         Security Being Reported on By the Parent Holding Company.
                           N/A

Item 8.  Identification and Classification of Members of the Group.
                           N/A

Item 9.  Notice of Dissolution of Group.
                           N/A

Item 10. Certification.
                  By signing  below I certify  that, to the best of my knowledge
                  and belief, the securities  referred to above were acquired in
                  the ordinary  course of business and were not acquired 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.






                                    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.

                                                      February 9, 2001
                                                      Date

                                                      GARY P. SOURA, JR.
                                                      Signature

                                                      GARY P. SOURA, JR.
                                                      SENIOR VICE PRESIDENT
                                                      Name/Title

         The original  statement  shall be signed by each person on whose behalf
the  statement is filed or his  authorized  representative.  If the statement is
signed  on behalf of a person by his  authorized  representative  other  than an
executive  officer or general  partner of the  filing  person,  evidence  of the
representative's  authority to sign on behalf of such person shall be filed with
the  statement,  provided,  however,  that a power of attorney  for this purpose
which is already on file with the Commission may be  incorporated  by reference.
The name and any title of each person who signs the statement  shall be typed or
printed beneath his signature.

         Attention:  Intentional  misstatements  of omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)






                                  AMENDED ITEMS


Number of Shares Beneficially Owned by Each Reporting Person With:

5.       Sole Voting Power
         668,600

7.       Sole Dispositive Power
         1,337,900

9.       Aggregate Amount Beneficially Owned by Each Reporting Person
         1,337,900

11.      Percent of Class Representing the Aggregate Amount Beneficially Owned
         by Each Reporting Person
         8.0%